COVID-19 has spun business on its head. While some businesses are powering on, others are scrambling to survive. Importantly, a customer’s obligation to pay for goods and services that you have provided has not changed. Your process to collect debts should adapt if it needs to, but it should continue. Overdue invoices are an unnecessary […]
Under temporary new Australian laws relating to corporate debt collection, creditors still have the right to enforce debts through the courts but the thresholds have changed. In response to the economic fallout from the coronavirus pandemic, the new laws will remain in place for the next six months, with the option to extend to a […]
*Updated 22 July 2020 following amendments by the Australian Government on 21 July 2020* Existing JobKeeper payments remain in place until 27 September 2020. An amended JobKeeper scheme will apply for a further six months to 28 March 2021: December 2020 quarter (28 September 2020 to 3 January 2021) and March 2021 quarter (4 January […]
On 24 March 2020, the Australian Government’s Economic Response to the Coronavirus package passed without objection through Parliament. With the green light to go ahead, the economic stimulus package, currently worth $84 billion, promises direct financial support for workers and students and a cash flow boost for businesses and not-for-profits. As a result, the Australian […]
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