COVID-19 Tax stimulus and changes to insolvency laws

27 March 2020

There have been many announcements over the past week about additional stimulus measures from both the Australian and Queensland governments.

It’s understandable that for many leaders, knowing which measures may apply to your organisation and its people can feel like an additional burden in what is already a challenging time.

For this reason, BDO’s advisers analysed the announcements and what they mean for Queensland businesses, and recorded a webinar on Friday 27 March.

BDO Partner Mark Molesworth, Executive Director Darren Stacey and Associate Director Charles Haines used the webinar to step through what you need to know.

As a Tax expert, Mark outlined the Federal and State stimulus measures, detailing their practical application. He also outlined the impact on certain sectors and how to make the most of what’s available.

Darren, our Debt Advisory leader, detailed the bank assistance available and how to manage the conversation with your bank.

Charles, a Business Restructuring specialist, discussed relevant legislation changes, and how to proactively take action now.