The Treasurer, Josh Frydenberg has released an Economic and Fiscal Update July 2020, forecasting an underlying cash Budget deficit of $85.8bn for 2019-20, rising to $184.5bn for 2020-21 (or 9.7% of GDP).
Microsoft Excel has long been the old friend of accountants. Familiar, if cumbersome, it would be difficult to find an Australian business that does not use spreadsheets in some form to handle its data and analytics.
Superannuation is normally one area that is slow to change. But these are not normal times. COVID-19 has changed all that with the introduction of unforeseen measures that directly and indirectly impact your super.