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Commercial tenancies rent relief package

  On April 7, the Government announced new commercial rental waivers and deferrals for tenants that have been severely impacted by the coronavirus crisis. The draft Code of Conduct is to impose a set of 'good faith leasing principles' and intended for landlords and tenants to share a proportionate financial risk and cashf...
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Boost to mental health services, domestic violence support and Medicare assistance

  The Government released further funding on March 29 to support the secondary effects of the health and economic impact of the coronavirus. This package is designed to provide care and help to the many who are facing hardship as a result of this crisis. Medicare support at home
The $669 expansion of Medicare-subsidised telehea...
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Early childhood education and care subsidy

  Child care and early childhood education is critical for families who rely on it so they can continue to work throughout this ongoing crisis, particularly those who are working in critical areas. Under the care subsidy, the government will calculate what a centre's revenue was in the fortnight to March 2, based on enrolment...
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Temporary access to super

  As part of the measures taken by the government to support those impacted by COVID-19 some people will be able to access up to $10,000 of their super between now and 1 July 2020, with a further $10,000 in the first three months of the 2020-21 financial year, tax free. Those who are eligible include the unemployed, people receiv...
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Accelerated depreciation deductions to benefit businesses

  The Government has accelerated depreciation deductions for the next 15 months. Up until June 30, 2021, businesses turning over less than $500 million will be able to deduct 50 per cent of the cost of any eligible asset the moment it's installed. It's predicted these two tweaks to the investment rules could benefit up to 3.5...
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Arrow Focus on Wealth Pty Ltd is a Corporate Authorised Representative (CAR) No. 270472 and Steven Culpitt is an Authorised Representative (No.270473) of Arrow Focus on Wealth Pty Ltd of GPS Wealth Ltd (GPS), AFSL no. 254 544 ,ABN 17 005 482 726 . For more information please refer to Financial Services Guide (FSG), GPS Privacy Policy, GPS Privacy Collection Statement GPS Complaints Process, and the General Advice Warning

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