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.
The headlines say negative gearing is "gone." For most investors, that is not what the new law does.
From 1 July 2027, the 50% CGT discount will be replaced — for individuals, trusts and partnerships — by two mechanisms working together: indexation of the asset's cost base, and a minimum 30% tax on the resulting net gain.
