Chief Minister and Treasurer Michael Gunner delivered the NT Budget yesterday, stating that his 2020 budget covers 3 objectives – controlling the virus, protecting jobs and kick-starting the economy. In his speech, the Treasurer said “While the Australian economy is forecast to shrink by a further one-and-a-half per cent in this financial year, as the worst effects of the crisis are felt, in the Territory we are expected to hold about steady, contracting by just 0.1 per cent.”

Treasurer Rob Lucas delivered his third State budget for the Marshall Liberal Government yesterday, with the main focus on economic recovery by creating jobs and inspiring confidence in business and households. 

South Australian premier, Steven Marshall, has announced a $350m package in response to the COVID-19 outbreak.

The ATO have expanded their taxable reporting system to include courier and cleaning industries (previously applied to property & construction industry only). This initiative forms part of the black economy taskforce  and we expect to see further industries impacted in the future.