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Alliott Group Alliance APAC Update

From the desk of Alliott Group APAC Chair, Vanessa Williams

At the time of writing the last APAC update, our team was back in the office and things were finally getting back to normal.

Retail in NZ had a mini boom, people were spending again, restaurants were full and then just like that on 12th August Auckland went to COVID-19 Alert Level 3. Once more we were working remotely.  Now we are back in the office (hopefully for the long term) and it’s just months away from Christmas. What a year it’s been!

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Australian Budget 2020

Budget winners and losers revealed

The Australian Government is set to deliver one of the most important budgets since World War II on Tuesday night.

It’s expected to include a staggering amount of spending and the biggest deficit in Australia’s history as the government tries to kickstart the economy amid the coronavirus pandemic.

But even with such a large amount of spending, not everyone will be a winner, here’s what we know about the Budget so far.

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Ultimate Cost-Reduction Checklist

Small businesses are the backbone of the Australian economy, but there’s no denying it’s sometimes tough going to stay afloat – especially with disruptions outside of your control.

To help your business stay competitive and keep your cash flow steady, here are 22 ways to reduce costs, courtesy of Business Australia:


Source: Retrieved from https://alliottnz.com/wp-content/uploads/2020/09/Business-Australia_cost-reduction_checklist-1.pdf (2020)

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Australian JobKeeper extension

In July, the Australian Government announced it is extending the JobKeeper Payment until 28 March 2021

Support is designed to target those businesses and not-for-profits which continue to be significantly impacted by the Coronavirus.

From 28 September 2020, eligibility for the JobKeeper Payment will be based on actual turnover in the relevant periods, the payment will be stepped down and paid at two rates.

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Australian SMBs endure large COVID hit

National Australia Bank’s Small and Medium Enterprise business survey saw a large deterioration in Q2

Small and medium business (SMB) confidence and conditions declined sharply, while capacity utilisation also declined to its lowest level in the history of the survey. The deterioration was evident across all size tiers and across each of the trading, profitability and employment sub-components. In addition, forward-looking indicators for both conditions, employment and capex all deteriorated sharply in addition to a weak outcome for forward orders.

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