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New SME COVID package launched in SA

New SME COVID package launched in SA
theadviser.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadviser.com.au Daily Mail and Mail on Sunday newspapers.

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$40m COVID support released for SA SMEs

$40m COVID support released for SA SMEs
theadviser.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadviser.com.au Daily Mail and Mail on Sunday newspapers.

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Public servants salary sacrificing $500k

News
by Sarah Sharples
1st Jun 2021 3:52 PM
Aussie public servants are able to minimise how much tax they are getting slugged by putting $500,000 into superannuation.
Information released by the South Australian Department of Premier and Cabinet reveals 10 of the state s department heads are putting hundreds of thousands of dollars from their salaries into super funds via a system called salary sacrificing.
It can reduce the income tax being charged from 45 per cent down to 15 per cent, depending on a person s age and other earnings.
It showed the highest salary sacrifice was made by Nick Reade, SA s head of premier and cabinet, who put in $500,000 into super - more than what premiers around Australia are paid. Transport boss Tony Braxton-Smith put in $407,123 into his super, but neither would comment on the situation when approached by ....

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SA grows in appeal — and it's good news for real estate

With South Australia’s economic activity accelerating, the state has grown to become one of the most attractive places to live, work and raise a family, a new report has found. ....

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Future of Thousands of Steelwork Jobs in the Air

Future of Thousands of Steelwork Jobs in the Air
Thousands of South Australians are looking to the federal government for assurance as the future of Whyalla Steelworks operations remain uncertain.
Whyalla’s owner, Sanjeev Gupta, chairman of GFG Alliance, was taken to court by Credit Suisse on Tuesday over the financial collapse of one of its biggest lenders, Greensill. Following its collapse, Credit Suisse is trying to recover a portion of its billions of finance by breaking up Gupta’s Australian assets.
If the creditor is successful, it could end two operations under Gupta and send OneSteel Manufacturing, which runs Whyalla Steelworks, and Tahmoor Coal into liquidation. ....

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