Complete with hurdles
The ScoMo Government
- Thread starter sptrawler
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I can sympathize with SP's position. This crash will seriously affect his savings, income and future. Just obvious. No doubt there will be millions of similar people affected.
IMV within a few months the crash of markets as well as the crash in economic activity will affect all people depending on investment income. That will include pension funds, trusts, super funds. So maybe now is the time to live simply and be appreciative of what we have.
IMV within a few months the crash of markets as well as the crash in economic activity will affect all people depending on investment income. That will include pension funds, trusts, super funds. So maybe now is the time to live simply and be appreciative of what we have.
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Excellent overview of current process for assisting people thrown out of work.
Well worth a read.
What is the Coronavirus Supplement from Centrelink, am I eligible and when does it start?
https://www.abc.net.au/news/2020-03...-payment-what-is-it-and-how-to-apply/12080326
,
Are small business owners and casual workers eligible?
Yes — if they suddenly find themselves earning less than $1,075 a fortnight.
....Treasurer Josh Frydenberg said the Government would ensure people who had their business closed, saw customers disappear, or had casual shifts cut could access the Coronavirus Supplement.
"We have waived the assets tests and waived the waiting period but there is still the income test so if you earn $1,075 a fortnight you will get that full $550 Coronavirus Supplement," Mr Frydenberg said.
"This is good news for a sole trader who is still in work but has seen the income reduce.
"If you are a casual and you still have some hours but your income has fallen below that $1,075 a fortnight you will get the supplement."
Well worth a read.
What is the Coronavirus Supplement from Centrelink, am I eligible and when does it start?
https://www.abc.net.au/news/2020-03...-payment-what-is-it-and-how-to-apply/12080326
,
Are small business owners and casual workers eligible?
Yes — if they suddenly find themselves earning less than $1,075 a fortnight.
....Treasurer Josh Frydenberg said the Government would ensure people who had their business closed, saw customers disappear, or had casual shifts cut could access the Coronavirus Supplement.
"We have waived the assets tests and waived the waiting period but there is still the income test so if you earn $1,075 a fortnight you will get that full $550 Coronavirus Supplement," Mr Frydenberg said.
"This is good news for a sole trader who is still in work but has seen the income reduce.
"If you are a casual and you still have some hours but your income has fallen below that $1,075 a fortnight you will get the supplement."
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Thanks for that Bas, I'm heavily into the banks for the dividend, and am currently down 45%. So in dollar terms about $400k, so I now qualify for the pension, but am two years away.I can sympathize with SP's position. This crash will seriously affect his savings, income and future. Just obvious. No doubt there will be millions of similar people affected.
IMV within a few months the crash of markets as well as the crash in economic activity will affect all people depending on investment income. That will include pension funds, trusts, super funds. So maybe now is the time to live simply and be appreciative of what we have.
But hey at least I have some left ATM, I've been through hard times before and I think they will come back.
But that's life, it could be worse, I could be laying on my back in an Italian hospital.
Anyway keep safe everyone, look after yourselves and don't forget you can't be in a better place than Australia.
PZ99
( ͡° ͜ʖ ͡°)
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The banks will come back no question. I keep topping up a little bit here and there.
IFocus
You are arguing with a Galah
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Same boat as you SP we wont get a cracker mainly because we dont deserve it (old Labor).
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We wont qualify, because we have the self funded pension money, welcome to the savers world.
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Absolutely IFocus, non are so worthy as those who piss it up, good lesson for the young.
The thing is, you are probably like me and can live on the smell of an oily rag if you have to.
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You may live to regret it.
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That's a good outcome, I rely on dividends, so hopefully they aren't hit out of the ballpark.
If they are I will have to draw down on the cash component. se la vie
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I heard, if the idigenous see workers not complying with distance requirements, there will be trouble.
Yeah basically I'm in cash because I have no idea what to do with it
Good divi stocks will come back
You've been frugal before
Peaks and troughs man
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Yes it is no big deal, been through it before, becomes a distant memory in 10 years.
ATM it is more important not to get it, IMO if you miss it this time round there will be a vaccine, before it comes around again.
The real issue is those that get it, get to keep it forever, it wont matter when you're young and healthy.
Just my opinion.
We won’t be leaving camp only to go to work
Be served meals on disposable plates and cutlery and pre packed cribs breakfast in your rooo
M picked up the night before with crib
Cars only 50% full
I foresee a cockshow of a shutdown
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From what I heard, some are looking for any opportunity, to chuck everyone off.
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Yep - pretty much everyone is going to lose in some way even if the details aren't yet obvious.
