The ATO has advised that it will not undertake compliance action to consider the validity of a beneficiary’s entitlement, or the application of s 100A of the ITAA 1936, where a trustee is affected by liquidity issues due to COVID-19 and unable to satisfy a beneficiary’s entitlement.
Read moreJobKeeper amendments to turnover test and employment start date
The Prime Minister announced further changes to JobKeeper on 7 August 2020.
Read more