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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The Coronavirus Economic Response Package Omnibus (Measures No. 2) Bill 2020 (the Bill) was passed by Parliament to introduce the JobKeeper payment.
COVID-19 has created both business and personal disruption. Our Directors offer an insightful opinion piece which looks closely at the recently proposed rental waivers and the impact on both the landlord and tenant.
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 Federal Government released a code of conduct (the Code) for commercial tenancies and its purpose is to impose a set of good faith leasing principles for application to commercial tenancies.
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.