Small and medium sized businesses and not for profit entities, with an aggregated annual turnover of less than $50 million ( usually based on their prior year\’s turnover) that employ people, may be eligible to receive a total payment of up to $100,000 (with a minimum total payment of $20,000.
The ATO will review the arrangement you have with your contractors and may decide that they are \”employees\” . In many cases it does not matter if you have a written agreement in place, which states that they are a contractor.
Legislation passed both houses of parliament on 24 February 2020, which allows employers a one-off amnesty for outstanding superannuation entitlements. Employers who have not paid their workers their superannuation entitlements will be given an amnesty of 6 months from the date of royal assent to rectify this issue.
Small and medium sized businesses and not for profit entities, with an aggregated annual turnover of less than $50 million ( usually based on their prior year\’s turnover) that employ people, may be eligible to receive a total payment of up to $100,000 (with a minimum total payment of $20,000.