Government & Compliance updates affecting Australian Business

Australian Government announces second coronavirus stimulus package worth $66.1bn

22nd Mar, 2020 |
By MYOB Team

Prime Minister Scott Morrison has announced the expansion of economic stimulus in response to the COVID-19 crisis, including the introduction of regulatory protection measures for businesses.

$6.7bn in tax concessions for businesses impacted by coronavirus

12th Mar, 2020 |
By Campbell Phillips

Due to be announced today, the Government’s $17 billion stimulus package will include tax breaks and subsidies for small businesses over the next four years, including a massive expansion of the Instant Asset Tax Write-off.

ACCC’s inquiries into ad tech giants

4th Mar, 2020 |
By Benjamin Kluwgant

The Australian Competition and Consumer Commission (ACCC) has embarked on two new government supported inquiries into the “black box nature” of major ad tech (digital advertising and media companies) in Australia, including the likes of Google and Facebook.

Amnesty for employers on Superannuation Guarantee

25th Feb, 2020 |
By Joe Kaleb

A new bill has passed the Senate, granting employers a one-off amnesty to voluntarily disclose unpaid superannuation contributions.

Goodbye AUSkey, hello myGovID

3rd Feb, 2020 |
By Benjamin Kluwgant

As of the end of March 2020, myGovID will become the new and only way for SMEs to gain access to government business services. Here’s what you need to know.

4 Fair Work disputes that made headlines in 2019

31st Jan, 2020 |
By Nina Hendy

A string of noteworthy Fair Work disputes have landed some of the country’s best-known brands in the headlines for all the wrong reasons recently. Here’s what you’ll want to avoid as an employer.

R&D tax incentive changes spell tough times for startups

27th Jan, 2020 |
By Benjamin Kluwgant

Late last year, the Morrison Government put discussions on the R&D tax incentive back on the table, announcing that it intended to move ahead with changes that lessen the value of the incentive for startups and innovative businesses.

Stay on top of penalty rates this Australia Day

22nd Jan, 2020 |
By Nina Hendy

Politics aside, Australia Day means we have a public holiday fast approaching and that means making sure you’ve either planned for some downtime, or to pay a little extra to keep staff on. Here’s how to navigate penalty rates now and in future.

Morrison Government announces bushfire relief for businesses

20th Jan, 2020 |
By Campbell Phillips

Australia’s 2019-2020 bushfire season has impacted hundreds of thousands of lives and businesses around the country. In response, the Morrison Government today announced plans to offer relief for those severely affected.