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JOBKEEPER Payment Announcement
The Australian Government yesterday announced the JOBKEEPER Payment Subsidy that applies to Employers as well as the Self-employed .

The JobKeeper payment is intended to provide wage subsidies to businesses that are significantly affected by COVID-19.

The Government has announced its intention to pass additional legislation to introduce this new measure.
If legislation is enacted, support will be directed to employers to pass on to employees.

"Supporting businesses to retain jobs", the latest Fact Sheet as at 31 March 2020 [Read more....]

Key points:

We have contacted the Tax Office today, and they have advised that we can register our clients for access to the JobKeeper Payment on their behalf if required.

The Tax Office is unable to provide at this time any guidance to us as to specific details and queries we have other than that we can apply to register clients to receive updates relating to the subsidy.

We will be contacting each client individually to discuss their eligibility and the application process as more information is made available and the Tax Office has placed on their website more information and online registration capabilities.
KBSG Summary of Coronavirus Announcements
We have prepared a detailed report covering all the Government stimulus packages and financial assistance packages announced to date.

Read this summary to get a better understanding of the announcements made and the impact for individuals, self-employed and businesses generally.

KBSG Summary of Australian Governments Response & Packages [Read more....]

If you have any general queries, please forward your email to : info@karasmanis.com.au

Fact Sheets - Additional Information
Major Banks Response to Coronavirus
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The Major Banks have all announced support packages for individuals and businesses impacted by the effects of the Coronavirus pandemic.

Click on the logo for your Bank to see what they have announced to date.
P lease note that the information contained in this Newsletter is subject to change as the Government and policymakers are making announcements and updating packages basically on a daily basis.

Information provided on Government websites is of a general nature and the media does not go into specific details or eligibility criteria (the fine print).

We will endeavour to provide you with as much information as we can once the detailed information is notified to us by the Tax Office or other Government Department or Financial Institution.

Our preferred method of communication at this time is via email wherever possible.
Please stay safe and follow the health directives and guidelines we need to follow during these difficult times.

The health of our families and ourselves is paramount, and above all else.
This information has been prepared without considering your objectives, financial situation or individual needs. The information provided is general in nature and for information purposes only, and no liability is accepted if you act without obtaining advice specific to your needs.