National Cabinet agreed to end the mandatory isolation requirements for COVID-19 effective from 14 October 2022. Each
state and territory has, or will, implement the end of the isolation rules.
The Pandemic Leave Disaster Payment, the payment to workers who have lost income they needed to self isolate or care for someone with COVID-19, also end on 14 October.
The Pandemic Leave Disaster Payment was extended beyond its 30 June end date but restricting the number of times claims can be made in a
6 month period.
While the Pandemic Leave Disaster Payment will end, National Cabinet agreed to continue targeted financial support for casual workers, on
the same basis as the disaster payment, for workers in aged care, disability care, aboriginal healthcare and hospital care sectors. Final
details of this new payment are yet to be released.
As Australia's highest marginal tax bracket impacts more individuals, a growing number of Australians face rising tax obligations due to "bracket creep," where wage growth outpaces tax rate adjustments. This trend is expected to persist, with tax-efficient strategies the backbone for financial advice to help individuals secure long-term wealth.
Discover 9 essential financial planning tips to help new and expecting parents manage the costs of parenthood with confidence and ease.
The Taxable Payments Annual Report (TPAR) is a mandatory report for Australian businesses in certain industries to disclose contractor payments to the ATO by August 28 each year, ensuring accurate tax reporting.
