Monthly Archives: April 2020

The Australian Government’s JobKeeper Payment: A Game-changer for Businesses Looking to Cut Costs Without Firing Staff

Legislation providing for the new JobKeeper Payment was passed at an emergency sitting of Federal Parliament on 8 April 2020. In passing the legislation Australia joins a number of countries including the UK, Denmark and New Zealand which have implemented wage subsidies to support businesses during this period of economic ‘hibernation’. Nicola Nygh, Harley Milano, … Continue reading The Australian Government’s JobKeeper Payment: A Game-changer for Businesses Looking to Cut Costs Without Firing Staff →Continue reading…

Out of the Den into the Harbour; safe harbours for companies during and after hibernation

The Coronavirus Economic Response Package Omnibus Act 2020 provides relief for companies and directors that trade while insolvent from 25 March 2020. Nicola Nygh, Ekaterina Zotova and Jack Halim discuss the operation of the new safe harbour on directors’ duties during and after the “hibernation” and the increased threshold and statutory period for issuing statutory … Continue reading Out of the Den into the Harbour; safe harbours for companies during and after hibernation →Continue reading…