Tag: covid

business

NSW Offers $66M Stimulus to Support Alfresco Dining

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In a bid to boost the state’s hospitality industry, the New South Wales government has launched a $66 million stimulus package dubbed the “Alfresco Restart”. This stimulus is aimed at helping businesses, including restaurants, cafes, and bars, revamp and expand into outdoor dining as lockdown measures are expected to ease…

Increase in scams since lockdown

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There has been a worrying increase in scams since the start of the Covid-19 pandemic. Australians have lost over $851 million dollars in 2020 due to scam activity. This is a record amount, that is still slightly under what is the real number due to some people not reporting scams.…

Businesses Granted Extension for Virtual AGMs

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To further aid businesses contending with the impact of the Covid-19 pandemic, the government has decided to extend relief that would allow companies to undertake annual general meetings (AGMs) virtually. Treasurer Josh Frydenberg confirmed that AGMs could continue being held this way until 31 March 2022. It will also allow…

Proposed Law To Make New COVID-19 Payouts Tax-Free

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The Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021 was recently presented in parliament. It seeked to ratify declarations made by PM Scott Morrison that Australians will not pay taxes on the latest round of lockdown payments come the next tax season in 2022. This is a change…

Afterpay sold for $39 billion

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Afterpay gives its customers the option of four interest-free instalments to pay off virtually any consumer item. This includes items purchased in-store or online. The Covid-19 pandemic allowed the company to soar. There has been an increase in those choosing online shopping or as a way for consumers to manage…