A bare trust, often referred to as a simple trust, is a straightforward fiduciary arrangement where the trustee holds assets on behalf of the beneficiary without any discretionary powers. In this setup, the trustee’s role is largely passive, limited to holding and transferring the trust property as instructed by the beneficiary. This simplicity makes bare …
From 1 November 2021, the Australian Business Registry Services (ABRS) introduced the Director Identification Number. What is a Director Identification Number (DIN)? Director ID is a 15 digit unique identifier that will help prevent the use of false or fraudulent director identities with the new registry services of the ABRS. This will make it easier to …
Important Notice – Director Identification Number (DIN) Read More »
JobSaver Payment is an ongoing support for businesses impacted during 2021 NSW COVID-19. The applications will close at 11:59 pm on 18 October 2021. For full details, please refer to our blog. Due to ease of restriction in some industries and regions, Services NSW is asking businesses to reconfirm their eligibility for JobSaver Payment every …
2021 NSW COVID-19 jobSaver Payment – Reconfirming your eligibility Read More »
Due to evolving COVID-19 situation which results in constant changes to the guidelines of various business supports/grants, there is an inconsistency between the messages delivered by Service NSW and interpretation of rules. We have summarised some commonly asked questions and answered them based on information available to us as at today (16 August 2021). For …
2021 NSW COVID-19 Supports & Grants – Common Questions Read More »
Many business owners are confused what supports available to them during 2021 NSW COVID-19 lockdown. There are three major grants for businesses. Which grant(s) applicable to your business will largely depend on the turnovers of your business for the year ended 30 June 2020. Micro Business Grant is for micro-businesses with turnovers between $30,000 and $75,000. Business …
2021 NSW COVID-19 JobSaver Payment – continuing supports Read More »
NSW government just released (25 July) the detailed guideline on 2021 COVID-19 Micro Business Grant. For the COVID-19 Business Grant opened on 19 July 2021, please refer to our blog here. For the JobSaver opens on 26 July 2021, please click our blog link for details. If you have not already set up a …
The major 2021 NSW COVID-19 Supports available to businesses are Business Grants, Micro Business Grants and JobSaver. The full details of Business Grants are listed below, and applications are open on 19 July 2021. For JobSaver and Micro Business Grants, a brief summary is provided in this blog. For full details, please refer to our …
2021 NSW COVID-19 Business Grants & Other supports Read More »