From November 2021, all Australian company directors are required by law to verify their identity with the Australian Business Registry Service and obtain a director identification number (director ID).
 
A director ID is a unique identifier you need to apply for once and will keep forever. It will help prevent the use of false or fraudulent director identities and trace your relationships to companies.
 
Who needs to apply and when – If you’re an eligible officer of:

• a company, a registered Australian body or a registered foreign company under the Corporations Act 2001 (Corporations Act)

• an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).

 
If we are the registered ASIC agent for your companies, the directors will receive a follow-up email from us, in relation to the director ID application process and further information.
 
Should you require our assistance regarding any of the above, please do not hesitate to contact our office on 07 5532 4555.

Kind Regards
The Team at Lutz & Associates

The QLD Government has made available “2021 COVID-19 Business Support Grants for lockdown-impacted businesses in Queensland”. These include:

• $10,000 grant to employing small businesses and not-for-profit organisations with an annual payroll in Queensland of less than $1.3 million
• $15,000 grant to employing medium sized businesses and not-for-profit organisations with an annual payroll in Queensland between $1.3 million and $10 million
• $30,000 grant to employing large sized tourism and hospitality focused businesses and not-for-profit organisations with an annual payroll in Queensland of greater than $10 million.

To be eligible for these grants, you must:

• have turnover of greater than $75,000 per annum; and
• have been impacted by the South East Queensland lockdown commencing 31 July 2021 or the Cairns and Yarrabah lockdown commencing 8 August 2021 or any other Queensland lockdown in the month of August 2021.

You can demonstrate “impact” from the lockdown as either:

• direct impact: essentially, you could not operate your business at all due to lockdown compliance
• indirect impact: demonstrate a 30% or greater reduction in turnover for a one week period that includes at least one day of a lockdown (compared to the same period in 2019).

Applications must be completed electronically by the owner of the business (or a registered officer) by 16 November 2021 at http://www.business.qld.gov.au/supportgrant.
 
For greater detail on eligibility requirements and the application process, please also see attached guidelines from the QLD government: https://www.lutzassoc.com.au/guidelines-2021-covid19-business-support-grants-16-august-2021/
 
Covid support grants and payroll tax relief is also available for affected businesses in NSW and Victoria. For greater detail or further information regarding these, please contact our office directly.   

For a full summary of the 2021 Budget, we enclose a link below.
 
Please read through this document for a full analysis of the announcements.
 
Budget Summary: 2021-2022 Federal Budget Summary
 
Should you require specific advice regarding the new measures, please don’t hesitate to contact our office on 07 5532 4555.

Kind Regards

The Lutz Team