IMF spurs debate on JobKeeper extension

Original article by Steve Jackson
The Australian – Page: 4 : 6-Apr-21

The International Monetary Fund’s latest economic outlook report highlights the role that job-retention schemes have played in supporting nations’ economies during the COVID-19 pandemic. The Washington DC-based agency has also cautioned against winding back such measures too soon. Grattan Institute CEO Danielle Wood contends that the federal government’s fiscal capacity is sufficient to have maintained the JobKeeper wage subsidy scheme, which ended on 28 March. She notes that some sectors are still struggling in the wake of the pandemic.

CORPORATES
INTERNATIONAL MONETARY FUND, GRATTAN INSTITUTE

Tax Office to review rejected JobKeeper bids

Original article by Tom McIlroy
The Australian Financial Review – Page: 7 : 21-Dec-20

Karen Payne, the Inspector-General of Taxation & Taxation Ombudsman, has found that some businesses may have been unfairly denied coronavirus assistance by the Australian Taxation Office. As a result of her findings, the ATO will re-evaluate rejected applications for business cashflow payments and the $90 billion JobKeeper program. However, despite her findings, Payne and professional bodies such as the Institute of Public Accountants have praised the ATO for the way in which it quickly implemented government assistance programs during the pandemic.

CORPORATES
AUSTRALIA. OFFICE OF THE INSPECTOR-GENERAL OF TAXATION AND TAXATION OMBUDSMAN, AUSTRALIAN TAXATION OFFICE

Qantas lodges JobKeeper appeal

Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 15-Oct-20

Qantas will appeal the Federal Court’s recent ruling that the airline has misused the JobKeeper wage subsidy scheme. Lawyers have warned that the court’s ruling has implications for all businesses that pay employees in arrears. The Business Council of Australia and the Council of Small Business Organisations are among the employers’ groups that will lobby the federal government to fix the anomaly, which arises if a business has a different pay cycle to that of JobKeeper’s fortnightly pay cycle.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, FEDERAL COURT OF AUSTRALIA, BUSINESS COUNCIL OF AUSTRALIA, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY

Scott Morrison offers coronavirus wage guarantee for those who have lost jobs, but details still to come

Original article by Amy Remeikis
The Guardian Australia – Page: Online : 30-Mar-20

The federal government is set to announce details of a wage guarantee in coming days. Prime Minister Scott Morrison says the wage subsidy will be in addition to the coronavirus stimulus measures that have already been announced, and it will provide income support for people who have been stood down or laid off by businesses that have closed due to the pandemic. ACTU secretary Sally McManus says the wage guarantee should be backdated and it should apply to all workers, including casuals and temporary visa holders, as well as businesses of all sizes.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ACTU