Capitol Group comprises two specialist financial divisions - Capitol Group Advisers and Capitol Group Wealth. 

At Capitol Group we adopt a comprehensive approach to the management of your financial affairs to achieve successful solutions that help you build, manage and protect your wealth.  We provide high quality services and customised advice, including:

• Accounting & taxation
• Business planning
• Investment portfolio advice & management
• Superannuation including self-managed superannuation funds
• Specialist financial advisory services
• Retirement planning
• Personal life, income protection, TPD & trauma insurance

The overwhelming issue of the day is of course the coronavirus. The government's stimulus package launched in response to the crisis is welcome.

In this issue we spell out what this means for different taxpayers, and how the measures will work:

• The Covid-19 Stimulus & rescue packages
• JobKeeper payments
• Instant asset write-off
• Accelerated depreciation incentive for businesses with less than $500m turnover per year to invest in plant & equipment and other depreciating assets
• The cash flow boost which provides for payments to support employers by boosting their cash flow
• The early release of superannuation, and superannuation drawdowns
• The superannuation guarantee (SGC) amnesty for missed super payments.  What are the benefits and who is eligible?

Coronavirus Special Update

JobKeeper Fact Sheet - For Employers

Impacted businesses will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months.

Download the Fact Sheet for details on how employers can register and employee eligibility.

Download Fact Sheet - Employers

JobKeeper Fact Sheet - For Employees

Your employer will notify you if they are claiming the JobKeeper Payment on your behalf.

Download the Fact Sheet which explains how the newly announced JobKeeper Payment will work for employees - what are your obligations, who is eligible and how will employees receive the payments.

Download Fact Sheet - Employees

Government's Stimulus Package 

We explain the Government's Economic Stimulus Package as we attempt to survive the ever changing restrictions we are faced with.  Click the PDF for a broad summary, such as  Income Support for Individuals - Tax-free payments, early access to super, reducing minimum drawdowns for super pensions, social security deeming rates; and Cash flow assistance for businesses - Stage 1 Payment, Stage 2 Payment, Small & Medium Business Entities, Accelerated depreciation deductions.

Download PDF

Borrowing for Immediate Cash Flow Needs

The Government, Reserve Bank and APRA have introduced a Coronavirus small to medium enterprises (SME) Guarantee Scheme which will provide a guarantee of 50% to SME lenders to support new short-term unsecured loans to SMEs. The Scheme will guarantee up to $40 billion of new lending, and provide businesses across the economy who are facing significant challenges due to disrupted cash flow to meet existing obligations.

Download the Fact Sheet - Supporting the Flow of Credit

Download Fact Sheet

Support Packages being offered by Lenders

Many banks have recently announced COVID-19 support packages that provide affected borrowers with an option to defer their repayments for a period of up to six months. These packages have mainly been offered to small business, investment property loans and home loan customers, including chattel mortgages, hire purchase contracts, etc.

If a deferral is required, this can be obtained online through your Internet Banking or by contacting your Bank directly.