Are The Banks Our Friends Again? The answer is, probably not, but it appears they have become a lot easier to deal with and seem a little more open to discussions about the rate of interest on your loan as well as deferring repayments.
All forms of the arts have been dealt a savage blow with the advent of the Coronavirus.
Ping. Another email, another announcement; the cancellation of an exhibition, the closure of a gallery, a musical, a festival, the next six productions of a major state theatre company, the postponement of an international biennale, the cancellation of a major tour. We are in lockdown.
There is a requirement to continue to report monthly turnover for the purposes of maintaining the eligibility to receive the JobKeeper payments.
It is with some sense of satisfaction that the Government is appearing to be moving in the right direction with the announcement that the Prime Minister, himself will be taking charge of providing support to the Arts and Entertainment industry.
Over the past few days, there have been some more ATO releases around issues of timing, eligibility and other practical problems revolving around the JobKeeper program.
Now that you have enrolled in the JobKeeper program by completing the requirements of Step 1- Enrol, there is another hurdle to jump that actually facilitates the release of funds to you.
Over the past few days, there have been some clarification on issues of timing, eligibility and other practical problems revolving around the Cash Boost for Employers and the JobKeeper program.
The ATO has further clarified the process of how you (employer) can enrol and apply for the JobKeeper payments.
The Australia Council have created a program to assist struggling artists outside of all of the other forms of funding available.