We understand that many people are struggling through the impact of the Government’s economic response to the coronavirus pandemic (COVID-19). It may be that they require dipping into their super fund to access an early release amount on compassionate grounds due to COVID-19, have been impacted by an inability of a tenant (related party or…
As part of the Federal Government’s continued response around matters impacted by COVID-19, we have seen the Federal Treasurer, Josh Frydenberg make a temporary amendment for six months to the requirements set out in section 127(1) of the Corporations Act to provide clarity that the execution of company documents can be in electronic form and…
We have recently updated our existing COVID-19 rental relief documents to now incorporate the mandatory Code of Conduct for commercial tenancies (“the Code”). This order form also includes access to a Google Sheet that helps you to calculate how the various principles in the Code apply in revising terms between the landlord and tenant. You…
We have seen swift action by the Australian Taxation Office (ATO) to support the SMSF industry across a range of areas that have been impacted by the coronavirus pandemic. Through a rational and reasoned process, the Commissioner in many circumstances won’t apply compliance resources to potential compliance breaches in areas such as rental relief being…
There’s been a significant number of individuals who have been impacted by the coronavirus pandemic to such an extent that it is deemed warranted to utilise the Government’s initiative to take an early release payment on compassionate grounds due to the coronavirus. You can read our previous blog post on this topic for more details.…
