Moore Stephens Australia: Helping you withstand disruption.
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Source: The Australian Financial Review, 2018 Top 100 Accounting Firms
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On 30th March 2020, the Government announced a $130 billion wage subsidy to combat the impact of COVID-19 on the Australian economy. The Government has provided further support to Australian businesses and encouraged businesses to keep their workers employed by providing a “JobKeeper” payment to eligible employers for eligible employees.
The Coronavirus Economic Response Package Omnibus Bill 2020 received Royal Assent on 24 March 2020 and is now law. The package included various changes which were announced in the two stimulus packages released recently by the Government.
Earlier today the government announced an additional $66 billion stimulus package in an attempt to deal with the impact of COVID-19 on the Australian economy.
The COVID-19 pandemic, and its associated impacts, have prompted Australian and international businesses to carefully consider their obligations to perform contractual obligations, and whether force majeure provisions in their commercial contracts may apply.
The National Cyber security committee lifted on the 25th March the threat preparedness level to level 4 – lean forward – which means that the threats and activity are escalating and likely to increase and organisations must increase their monitoring.
Moore Stephens aim to help you cut through the noise, navigate and withstand the disruption with the attached COVID-19 Management Plan. This document provides information that is true and correct as at 23 March 2020.