COVID-19 Stimulus Measures

 

There are several measures that have been introduced to assist individuals and businesses affected by the COVID-19 virus. These include:

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• Help with paying ATO debts

• Support for businesses and employers (including boosting cash flow, instant asset write-off, the backing business incentive and JobKeeper payments for your employees)

• Support for individuals and employees (including JobKeeper payments, early release of superannuation and minimum drawdown rate options)

• Support for not-for-profits (including boosting cash flow, amendments for ancillary funds, and JobKeeper changes for charities and universities)

• Support for tax professionals (including lodgement and payment deferrals for your clients)

• Additional support during COVID-19 (including information on lodgement and payment, varying PAYG Instalments or claiming GST credits)

 

The ATO also has a range of COVID-19 compliance measures.