The third wave of the Stimulus Package – JobKeeper payment

Today our Prime Minister and Treasurer announced a third wave of their Stimulus package – the Jobkeeper payment, to assist both businesses and employers to get through the Coronavirus pandemic.

Let’s break it down based on whether you are a business owner (an employer) or employee.

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The second wave of Stimulus, what it means to you

This morning, the Australian Government has announced their second round of policies to further support Australian businesses and individuals as it is expected the Coronavirus will be impacting the economy in the next few months.

This is what we know so far:

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Are your passwords safe and un-crackable?

Do you know that on average every person has to manage and remember up to 90 accounts and passwords?

From personal emails to work emails, from online shopping accounts to online account software, everyday we are logging in and out of various accounts.

How are you protecting your business from someone trying to steal your password or hacking into your accounts?

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Are you guilty of wage theft?

In the recent months the phase “wage theft” is popular term, as it was used in news articles about some national companies admitted to underpaying their staff. While news reporters are only reporting those “big” and well-known companies, any employer can potentially be committing some degree of wage theft. It is important that employers run their checks periodically to ensure they are doing the right thing.

What is wage theft

Wage theft is a term

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Recent changes affecting employers

1 January 2020 seems to be an important day to note for employers as there are 2 changes that employers need to be aware of, in relation to the way superannuation guarantee charges are calculated and payroll tax threshold changes.

Salary sacrificed super contributions and SGC obligations

Prior to 1 January 2020, if an employee decides to salary sacrifice their wages into their super fund accounts, the employer can choose to exclude those amounts in their superannuation guarantee contribution calculation.

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