The Disaster Relief grant provides financial assistance to eligible individuals and families whose homes have been damaged by the recent February 2022 floods. Disaster Relief Grant Eligibility You may be eligible for financial support if the following apply: Your home (primary place of residence) was damaged by floods. You do not have insurance for the damage You are a low-income earner with limited financial resources It has been less than 4 months since the disaster Required Documentation Contact details The physical home address of the property that was damaged Temporary address and co ..read more

If you’re a small commercial or residential landlord, you may be eligible for this grant if your main source of income is impacted due to providing rent relief to tenants financially impacted by COVID-19 restrictions. Grants of up to $3,000 per month per property (one application needs to be made per eligible property) are available for eligible landlords who have provided rental waivers to affected tenants. Rent waived must comprise at least half of any rental reduction provided. The remaining portion may be a rental deferral. Grants will be paid as a lump sum amount for the rent waived from ..read more

The Small Business Fees and Charges rebate is not a cash payment but a digital credit of up to $2,000 that businesses can draw down on to offset the cost of eligible NSW and local government fees and charges paid from 1 March 2021. This rebate is currently open and will be available until 30 June 2022. Examples of such costs include, but are not limited to: Food authority licences Liquor licences Tradesperson licences Event Fees Outdoor Seating fees Council Rates Road user tolls for business use – you must include a statement from the corporate E-Toll or Linkt account associated with the busi ..read more

This Small Business Support grant provides eligible employing businesses with a lump sum payment of 20% of weekly payroll, up to a maximum of $5,000 per week for the month of February 2022. The minimum weekly payment for employers is $750 per week. Eligible non-employing businesses will receive $500 per week (paid as a lump sum of $2,000). This support package only covers the month of February 2022. Applications to apply for this grant are now open. Small Business Support Program Eligibility To access the package, businesses must: Have an aggregated turnover between $75,000 and $50 million ..read more

We have previously blogged about our concerns regarding the New South Wales Civil and Administrative Tribunal (NCAT) payroll tax case of Thomas and Naaz Pty Limited v Chief Commissioner of State Revenue which was released on 3 September 2021. There has been much commentary around this payroll tax case since the ruling was released and Revenue NSW is yet to release a practise note which one would hope may provide some guidance for Medical Professionals on how to address these Payroll Tax concerns. It is uncertain when this practise note will be released and so Medical Professionals are at a los ..read more

The First Home Super Saver Scheme (FHSSS) was introduced in the 2017-18 Australian Federal Budget, as a means to ease pressure on housing affordability. From 1 July 2017 you are able to make voluntary concessional (before-tax) and non-concessional (after-tax) contributions into your super fund to save for your first home. Furthermore, from 1 July 2018 you are able to release these voluntary contributions along with associated earnings to help you purchase your first home. You can only use these schemes where: You either live in the premises you are buying or intend to as soon as practicable Y ..read more

The steps involved to establish a DIN are as follows: VERIFY YOURSELF To establish your DIN online, you will need to have the myGovID app downloaded and set up on your mobile phone and created an account if you haven’t already. The myGovID does not create your DIN – the app’s only purpose is to validate your identity and once validated, issue a code that can be used to identify you on government online services without going through the same verification process. MyGovID uses your phone/device’s camera to scan your forms of identification such as your passport, driver’s licence and/ or visa to ..read more

With the introduction of the Director Identification Number (DIN) regime, directors of companies will be required to register for a unique identification number that they will keep for life, similar to a tax file number. The system will create one source of information across Government agencies for individuals and entities and will be managed by the Australian Taxation Office (ATO). Under the DIN regime, all directors will need to have their identity confirmed when they consent to being a director. Once the director has obtained their DIN the director will keep this number permanently, even a ..read more

We have previously blogged about Medical Professionals and Payroll Tax and the potential for State Revenue to treat medical professionals under a service agreement as employees or contractors.   A recent payroll tax case heard at the New South Wales Civil and Administrative Tribunal (NCAT) has confirmed our concerns and increased the likelihood of State Revenue treating Medical Professionals under a service agreement as employees or contractors. The commentary around this most recent payroll tax case is now widely available so it is extremely important to understand the facts surrounding ..read more

The Australian Government has recently introduced draft legislation that aims to formalise ‘granny flat’ arrangements by providing CGT based exemptions. WHAT CONSTITUTES A GRANNY FLAT ARRANGEMENT? Granny flat arrangements are deemed to have occurred when an elderly individual transfers some sort of consideration to their adult children in exchange for continued care, support and housing. These agreements are often utilised by parents as a way to provide their children with an early inheritance. THE PURPOSE OF THE PROPOSED LEGISLATION In 2017 an Australian Law Reform Commission report showcas ..read more