A Small/Medium Enterprise Loan Guarantee Scheme has been introduced by the Victorian Government which will provide a guarantee of 50% of unsecured loans to SMEs (turnover less than $50 million) with the following criteria: Maximum loan of $250,000 Maximum term of 3 years No repayments for the first 6 months […]

Businesses are invited to apply for a grant of $10,000 from the Victorian Government Business Support Fund which was set up to support small businesses that employ staff and are suffering because of the forced closure restrictions announced by the Victorian Government. Who is eligible? Small businesses are eligible if […]

The Australian Taxation Office (ATO) is announcing special arrangements this year due to COVID-19 to make it easier for people to claim deductions for working-from-home.  When does it start? The new arrangement will allow people from 1st March 2020  What is the claim? You can claim a rate of 80 cents per hour […]

Yesterday, the decision that landlords have been dreading came true: Landlords must waive and defer rent due from their commercial tenants. The National Cabinet of the government agreed that a mandatory code of conduct will be developed to standardise commercial tenancy arrangements affected by COVID-19. The code is set to […]

What is it? The JobKeeper Subsidy Payment is a wage subsidy to be paid to Businesses, Sole Traders, Businesses Without Employees, Not for Profits and Charities, who have experienced a loss of at least 30 percent of their turnover relative to a comparable period a year ago (of at least a month).  Why? These payments […]