Temporary relief for financially distressed businesses
Website | Fact Sheet
- Up to 6 month deferral on payments
- Possible extension/deferral of lodgement
- Convert to monthly BAS – early access to GST credits (min. 12 months)
- PAYG Installments (Income Tax) can be varied to Nil – Speak to Accountant
- Remit penalties and interest imposed since 23 Jan 2020 – Process to be determined i.e. Automatic or Upon Request
- Low interest payment plans – no further details
NOTE : There is no discretion available for super payments – super must be paid as per normal