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31.Mar, 2020 0

Almost 60,000 businesses sign up to the federal government’s $130 billion wage subsidy scheme – SBS News

Businesses are rushing to sign up to the federal government’s $130 billion plan to subsidise wages during the coronavirus pandemic. Almost 60,000 businesses had signed up for the scheme within hours of it being announced on Monday afternoon. Treasurer Josh Frydenberg expects the plan will help six million Australian workers….

31.Mar, 2020 0

Australia’s strict new coronavirus social distancing rules explained: state by state guidelines – The Guardian

On Sunday night the prime minister announced the tightening of restrictions to try to stop the spread of Covid-19, gatherings are limited to a maximum of two people. But several states have gone much further while others have opted not to follow the new recommendations. So what are the laws…

31.Mar, 2020 0

Retail association to press government to include more casuals in jobkeeper payment – The Guardian

Australia’s peak retail body will raise casuals’ eligibility for the new jobkeeper payment with the government after unions, Labor and the Greens raised concerns that those with less than 12 months of service are excluded from the $1,500 fortnightly payment. The Australian Retail Association’s executive director, Russell Zimmerman, told Guardian…

31.Mar, 2020 0

WA coronavirus LIVE: ‘Unprecedented’ $1 billion support package for state’s households, businesses – WAtoday

Billions of dollars are being poured into the Australian economy to offset damage to businesses from the coronavirus pandemic. But what do you actually get from this spending? All is explained here. WA’s health department will run a ‘virtual Wuhan’ to bring into circulation a hospital’s worth of beds ahead…

31.Mar, 2020 0

Coronavirus update for business: RVs for essential workers, cannabis companies thrive and Australia’s credit rating loses its shine – SmartCompany.com.au

Camplify founder and chief Justin Hales. Source: Supplied. Going the distance Motorhome-sharing startup Camplify is adding its name to a growing list of startups striving to use their products for social good during the COVID-19 crisis. The startup is utilising its ‘emergency fleet’ of RVs, to provide safer accommodation for…

31.Mar, 2020 0

Coronavirus pandemic pushes small businesses to brink but billionaire landlord stands firm on rents – ABC News

Updated March 31, 2020 11:01:30 Photo: John Van Lieshout says he is considering requests for rent relief. (Supplied: Australian Financial Review) A self-made billionaire, who is one of Australia’s biggest private landlords, has defended asking some of his commercial tenants to keep paying rent, saying he should not be made…

31.Mar, 2020 0

How Australia responded to the JobKeeper $1,500 wage subsidy – Savings.com.au

Photo by The Creative Exchange on Unsplash Yesterday’s $1,500 wage subsidy came as a relief to many whose jobs are at risk because of the coronavirus. But does it go far enough? In case you missed it, yesterday the Morrison government announced a $130 billion ‘JobKeeper’ wage subsidy to protect Australians whose jobs are at…

31.Mar, 2020 0

ASX200 falls 20pc in March – The Sydney Morning Herald

That is all from us today. Thank you for your time and your comments. We will be back tomorrow. The daily market wrap will be available soon. Good night. The benchmark ASX 200 index ended today’s session at 5076.8 points, a decline of 104.6 points, or 2 per cent. It…

31.Mar, 2020 0

Wesfarmers boss warns JobKeeper payment won’t go the distance – Sydney Morning Herald

Loading Wesfarmers’ businesses have stayed open during the crisis, with hardware chain Bunnings and office supplies company Officeworks both seeing a heightened level of demand in recent weeks. Due to this, Mr Scott said his business was not currently planning to take advantage of the subsidy, but warned if a…

31.Mar, 2020 0

What the experts think of Australia’s $1500 JobKeeper wage subsidies – SmartCompany.com.au

Josh Frydenberg and Scott Morrison. Source: AAP/Lukas Coch. By Steven Hamilton, Crawford School of Public Policy, Australian National University; Anthony Forsyth, RMIT University, and David Peetz, Griffith University The $130 billion payment will benefit six million of Australia’s 13 million employees through their employers. It will ensure each employee kept…