Land Tax Relief

  Land tax relief is currently available for eligible non-residential and residential landlords and eligible commercial owner-occupiers in response to COVID-19. If you own property subject to land tax and have;  provided rent relief to your tenants due to COVID-19 (waivers only – a deferral of rent is not considered relief), or lost a tenant since 30 March…

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SA State Budget 2020-21

The South Australian Budget was handed down yesterday, please find following the items we believe will have the most impact on our clients (unless you drive an electric car).   CASH GRANTS Eligible businesses and not-for-profit organisations impacted by COVID-19 will be able to access a second $10,000 grant. Eligible businesses that do not employ people…

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Support for Renters, Landlords, Consumers & Business

We have received an update from Consumer and Business Services detailing how they propose to support renters, landlords, consumers and business during COVID-19. We have identified some key points in the update for our clients:   SUPPORT FOR LANDLORDS & TENANTS The State Government has proposed some initiatives aimed at helping residential tenants and landlords whose incomes have been affected…

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JobKeeper Employee Nomination Notice

If you are a business and have been impacted by the coronavirus (COVID-19), you may be eligible to access the JobKeeper Payment. Before you enrol for the JobKeeper Payment, you need to complete the JobKeeper employee nomination form to: notify your eligible employees that you intend to participate in the scheme ask them if they agree to…

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Superannuation Tax Loophole

We’re receiving many calls about the following article published by the ABC last week which relates to a potential superannuation withdrawal and re-contribution strategy: ABC News website. We would like to clarify some points raised in the article for our clients. KEY POINTS The Government will allow individuals affected by COVID-19 to access up to…

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A Danish bank is offering mortgages at a 0.5% negative interest rate — meaning it is basically paying people to borrow money

A bank in Denmark is offering borrowers mortgages at a negative interest rate, effectively paying its customers to borrow money for a house purchase. Jyske Bank, Denmark’s third-largest bank, said this week that customers would now be able to take out a 10-year fixed-rate mortgage with an interest rate of -0.5%, meaning customers will pay…

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