Month: March 2020

Coronavirus Update #2

Federal Government offers $130b in coronavirus wage subsidies for businesses to pay workers Businesses will receive a fortnightly wage subsidy up to $1,500 per employee as part of a Federal Government bid to prevent millions of people from losing their jobs to the coronavirus pandemic. Key points: • The Government expects up to 6 million…

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Coronavirus Update #1

Coronavirus Special Update March 2020 Government’s Stimulus Package in response to the Coronavirus At PSATS, we have been asked many times for advice regarding the implications for our clients of the government’s initiatives regarding the Coronavirus’ impacts on businesses and individuals. The following is a broad summary of the key aspects of the Federal Government’s…

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