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Whew what a roller coaster the last 12 months have been! Global pandemic, quarantine, self-isolation, lay-offs, retrenchments, stand-downs, ‘unprecedented times’, home schooling, multi-industry and economic downturns, jobkeeper, Mark McGowan, hand sanitiser, social distancing, rise in mental health issues, masks, masks and more masks … and that is all without even touching on the UK, Europe,… Read more
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As of 1st January 2021, the temporary COVID-19 debt relief measures introduced by the Government have been removed. The temporary debt protection period pre-covid was 21 days; in March 2020, the Government extended this period to 6 months for applications made up to 31st December. However that period has expired and from 1st January current… Read more
Your credit score can define you as far as many lenders are concerned. Get a “good” score and your chances of being approved are so much better, however, a lower or “poor” score can equally end your credit application before it has begun! But how can you improve your credit score? Lucky for you we… Read more
AFSA has recently released updated insolvency statistics showing that in the March 2020 quarter, personal insolvencies rose by 4.0% when compared to the previous quarter. Capital City Stats There were rises in all capital cities except for Greater Perth, Greater Darwin and the Australian Capital Territory. New personal insolvencies in regions outside capital cities fell… Read more
It’s always nice to have over-estimated, right? Well, no. What happened? A recent announcement by the Government has advised of an accounting error in relation to the number of businesses claiming the JobKeeper payment. It has been put down to the ATO relying of business-owners to accurately input their own claim data. Confusion during the… Read more
Temporary debt relief On 25 March 2020, the Government introduced temporary measures to support individuals and businesses during this crisis. These include: Six month temporary debt protection Changes to bankruptcy notices Impacts to people who are currently bankrupt If you have been financially impacted by Coronavirus (COVID-19), you may be eligible to receive financial assistance… Read more
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