Blog
JobKeeper 2.0
The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees. If your business currently receives JobKeeper, your arrangements will generally remain unchanged until 27 September 2020. From 28...
$2.5 bn JobTrainer package: What you need to know
The Government has announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities. JobTrainer for job seekers and school leavers An additional 340,700 training places will be created to provide no or low cost courses into...
New Super Carry Forward Rules – Maximise Your Contributions
Maximise Your Contributions If your superannuation fund balance is less than $500,000, a new rule means you are now able to carry forward any unused concessional contribution from prior years into following years. This allows you to maximise the tax benefits of...
HomeBuilder: What is it and how do you access it?
The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000 to eligible...
JobKeeper enrolment extends
The Australian Commissioner of Taxation has extended the time to enrol for the initial JobKeeper periods, from 30 April 2020 until 31 May 2020. If you enrol by 31 May you will still be able to claim for the fortnights in April and May, provided you meet all the...
COVID-19 Mandatory Commercial Tenancy Code – what’s involved?
The Federal Government has released a mandatory code of conduct for commercial leasing arrangements, to take effect from 3 April 2020 for the same six-month period as the JobKeeper program. Commercial tenancies include retail, offices, warehousing and industrial...
Australian Government ‘$1,500 JobKeeper’ Subsidy
$1,500 JobKeeper subsidy to keep staff employed Date From 30 March 2020 for six monthsFor employees employed at and from 1 March 2020First payments in first week of May 2020 Applies to Based on comparable periods: Employers <$1 bn that have experienced a downturn...
The Second $66.1 bn Stimulus Package: what you need to know
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes...
The Stimulus Package: What You Need To Know
Important information about the Australian Government Stimulus Package in response to the Coronavirus outbreak.
Proudly supporting our local community
Devenny Payne is proud to support the 15th David Calleja Memorial Car Show. To be held on 2 February 2020, the event is expected to attract over 2 000 people from all over Victoria with more than 600 car enthusiasts displaying classic, historic and modified cars,...