Kochie’s Market Update: Can we afford $339 billion in stimulus
On Anzac Day eve, it’s really important to make tomorrow special as a tribute for all those Australians who made so many sacrifices for this country. I actually think it will be special. Australians are wonderful at pulling together. Just in my community area, and those of my children and grandchildren, the plans to remember…
Why you need to stick together as couple now more than ever
Financially times are tough and it’s going to get a lot tougher. Many Australians overspent and over-borrowed during the golden years of the last decade. It was easy. Money was cheap, the economy strong, jobs secure, share and property markets booming. How times have changed. With that change comes pressure on family budgets and family…
Kochie’s Market Update: The jobs calm before the storm
The good news is that all our good work in trying to reduce new cases of Coronavirus is working… and impressively so. The disruption to our lives is really paying dividends. When you look at the tragic death rates in the US and UK, you realise how lucky we are to be here in Australia….
Coronavirus update: free TAFE course for NSW, QLD beaches closed, grants for regional publishers
NSW Premier Gladys Berejiklian is encouraging the state’s citizens to hop online and get qualified. The premier has announced a number of TAFE courses will now be available for free and she is urging people to make use of their time at home to upskill. “It means people can start preparing for when these difficult…
Kochie’s Market Update: Who will get JobKeeper payment and for how long
It’s been another big week dominated by the Federal Government’s enormous $130 billion package to keep Australian in work. It’s the biggest economic package in Australia’s history and dwarfs anything announced during the Global Financial Crisis. It is an enormous statement from the Federal Government that they are determined to cushion the financial and economic…
90 days of solitude: NSW Police say coronavirus rules will stand in place for the next three months
NSW Police Commissioner Mick Fuller says the state’s tough social distancing and isolation laws will remain in place for at least 90 days, taking the restrictions to June 29. On Monday, the NSW government increased restrictions on freedom of movement in a bid to reduce the further spread of COVID-19, also ramping up the penalties…
Ask Kochie: How does the Job Keeper scheme work?
Did you miss the last Facebook Live session with David Koch? Watch the segment now as he gives a rundown on the latest economic updates, government announcements, and answers questions from his audience on Facebook. Questions answered in this Facebook Live with David Koch: 1. How does the Job Keeper scheme work? 2. I run…
Australia’s latest $130bn stimulus package will pay businesses $750 a week for each worker they keep in a job
Workers will receive $1500-per-fortnight ‘JobKeeper’ wage subsidy for the next 6 months It applies to businesses losing a minimum 30% of income (50% for revenue over $1bn) The ATO will manage the scheme through Single Touch Payroll The flat rate payment applies to people employed at March 1 (provided they are reinstated if subsequently…
Are we headed for an Economic Depression?
I think there is universal agreement the globe is headed for an economic recession. But this week I was hearing the “D” word being discussed… Economic Depression. I think the lines outside Centrelink brought back memories of the black and white photos in our old school history books of the dole queues during the Great…
Kochie’s Market Update: Economic Stimulus Package 2.0
Economic Stimulus Package 2.0 You’ve read about this, and I’ve talked about it, all week, but quick recap of last Sunday’s announcements. – Small business will receive a 50 per cent rebate of their March and June quarter BAS or IAS from a minimum total (across both quarter) of $20,000 to a maximum $100,000. –…
The ugly side of lockdowns…the balance between health and financial ruin
Who would want to be a Prime Minister/President today in this pandemic? Not me. You’re bombarded with opinions (everyone seems to have a very loud and aggressive opinion these days) and, as a leader, the challenge is to cut out the white noise and take on board expert advice you can trust. This week saw…
