UNOFFICIAL THE HON JOSH FRYDENBERG MP Treasurer SENATOR THE HON SIMON BIRMINGHAM Minister for Finance JOINT MEDIA RELEASE 11 May 2021 REBUILDING THE ECONOMY AND SECURING AUSTRALIA’S RECOVERY The Morrison Government’s plan to secure Australia’s recovery will rebuild our economy and create more jobs to ensure we comeback stronger from the COVID-19 induced recession. Australia entered the crisis from a position of economic strength having brought the Budget back to balance for the first time in 11 years. This provided us with the fiscal firepower to support Australians when they needed it most. ...
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The new laws and changes coming into force in 2021 by Nick Whigham As we prepare to put 2020 in our rear view mirror, Australians are no doubt keen to look ahead to 2021. But there will be some changes – good and bad – heading our way in the new year. Many of the notable changes relate to government policies brought in to help Aussies endure the coronavirus crisis. Some changes, like the Jobkeeper allowance will come into effect in the coming days, while others such as a planned tax on electric vehicles in certain states will happen mid year. Jobkeeper and JobSeeker changes For those relying on the federal government’s JobKeeper payment, brought in as the pandemic decimated the economy back in March, the dollar amount is about to drop. From 4 January 2021, the JobKeeper Payment rate is either: $1000 per fortnight $650 per fortnight – ...
Three legislative instruments released on JobKeeper extension The three instruments released late yesterday were as follows. The Coronavirus Economic Response Package (Payments and Benefits) (Timing of Supplies Made and Decline in Turnover Test) Rules 2020 (No. 1), TheCoronavirus Economic Response Package (Payments and Benefits) Higher Rate Determination 2020, and The Coronavirus Economic Response Package (Payments and Benefits) Alternative Reference Period Determination 2020. ...
