on 24 June 2020
Have casual workers been granted annual leave?
News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail.
At present, there is no global change granting Australian casual workers paid leave. The case however, highlights the long running problem of determining over time, who is a permanent staff member and entitled to paid leave and other benefits, and who is a casual worker entitled...
on 9 June 2020
The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources.
The JobKeeper estimates error
Hindsight is a dangerous lens as Treasury discovered last month announcing that the number of employees expected to be covered by the JobKeeper scheme was overstated in the original announcement by approximat...
on 27 May 2020
The coronavirus pandemic has resulted in dramatic and unprecedented changes for many families and households, impacting social lives, workplaces and finances.
As financial advisers, we are responding to the unfolding crisis to assist our clients to manage the financial repercussions.
From looking at how the Government's measures will impact your finances, to developing a plan to assist you to be positioned in the best possible way to make it through this period, we can provide suppo...
on 6 May 2020
Keeping the economy moving
The Morrison Government's mind-bogglingly large support packages to get Australians through the COVID-19 shutdown have dominated headlines, and rightly so. Only months ago, the Australian economy was in relatively good shape and headed for a Budget surplus.
It's not just the Government that has swung into action. Behind the scenes, the Reserve Bank of Australia (RBA) has also pulled out all stops to keep the economy moving. RBA monetary policy is...
on 10 March 2020
Sticking to investment principles
The reporting on COVID-19 has caused panic and fear across global markets and economies. The topic is now a permanent fixture across all aspects of media.
From a financial perspective, there are two possible paths:
1. A recession across multiple countries driven by a partial shutdown of industry and the workforce; or
2. An economic recovery driven by a two-pronged fiscal and monetary stimulus from governments, coupled with a realisation that the vir...