National Cabinet agreed to end the mandatory isolation requirements for COVID-19 effective from 14 October 2022. Each
state and territory has, or will, implement the end of the isolation rules.
The Pandemic Leave Disaster Payment, the payment to workers who have lost income they needed to self isolate or care for someone with COVID-19, also end on 14 October.
The Pandemic Leave Disaster Payment was extended beyond its 30 June end date but restricting the number of times claims can be made in a
6 month period.
While the Pandemic Leave Disaster Payment will end, National Cabinet agreed to continue targeted financial support for casual workers, on
the same basis as the disaster payment, for workers in aged care, disability care, aboriginal healthcare and hospital care sectors. Final
details of this new payment are yet to be released.
Falling behind on your BAS lodgements looks like an administrative problem. Left long enough, it becomes an expensive one, because the GST you collected stays payable indefinitely while the GST credits you are owed disappear after four years. Here is what that looks like in dollars.
With negative gearing now quarantined for established dwellings, new house and land has become the sensible play for investors — but there is a trap in the first eighteen months. Interest on the land is denied, while interest on the construction is not. If the bank has written one loan, someone has to do the sums. Here is why it pays to split the loan before you sign.
When the draft legislation for the trust minimum tax was released, it came with a reassurance: if you do not want to restructure, you can simply make an election instead — no restructure, and no state stamp duty. That is accurate, but it is also a very small part of the decision. Here is why you should choose your structure for the eventual sale of your business, not for the announcement.
