Medical & Dentistry

COVID-19 Resource Hub

Your central Hub for all Medical & Dentistry related COVID-19 Resources, designed to help you navigate the levers that are available to you, as business owners.

The below Perks summary table lays out the key economic levers that you can leverage for your business, with a cursory indication as to the complexity of effort that each requires.

If you have any questions, please contact us via the Get In Touch button below.

https://www.perks.com.au/wp-content/uploads/2020/04/20200424_Medical.jpg

Medical & Dentistry Services Summary

Available Economic Levers

 

Complexity WORKFORCE PREMISES BANKS STOCK TAX PAYMENT DEFERRAL GOVT. STIMULUS
Low

Reduce Power

Cancel/ Defer Subscription Services

Cancel Cleaning/ Waste Clearing Services

Merchant Fees
Download Summary

P&I Conversion
Download Summary
Read FAQs

Address Surplus Stock

Deferral of 2019 Income Tax returns

Deferral of March 2020 BAS

Deferral of other Existing/ New tax debts

Cash Flow Boost ($20k-$100k)
Download Summary
Read FAQs

Medium

Rent Holiday

Rent Deferment

Review/ Reduce Insurance Costs

Repayment Deferral
Download Summary
Read FAQs

Reduce Suppliers & Contractors

Vary PAYG instalments to nil or negative balance

High

Commercial Lease Code of Conduct
Read Article
Read FAQs

Working Capital Loan
Download Summary
Read FAQs

 

Top 10 Medical & Dentistry FAQs

You can only provide JobKeeper payments to those employed through the payroll and one business owner who is not on the payroll. Contractors are running their own businesses and need to apply in their own right as sole traders for JobKeeper support
To be eligible for JobKeeper as a sole trader, you cannot be an employee (other than a casual employee) of any other entity. A permanent role at a public hospital would preclude you from claiming JobKeeper as a sole trader.
There are no grouping provisions from our review of the Bills and Explanatory Memorandum.  Again however, there are anti-avoidance provisions designed to prevent the artificial obtaining of increased or additional boost payments.

It is up to the landlord and tenant to determine how the code is implemented having regard to their lease agreement.

The arrangements will be overseen by a binding mediation process administered by the States and Territories.

Banks are also being implored to “come to the table” and provide support for landlords.

More details will be known once the code of conduct is released.

No – there is no legal entitlement to be paid annual leave during a true stand down. It is at the discretion of the employer if they are willing and able to allow employees to access accrued annual leave entitlements during a stand down. It is important to keep in mind that any agreement to do so should be recorded in writing.
At a high level, the mandatory code of conduct will provide tenants a waiver or deferral on their rent where the tenant:
  • Has a turnover of $50M or less; and
  • Is entitled to participate in the JobKeeper Payment programme.
Each bank has a different eligibility criteria to access this support. Generally, this will apply to Small and Medium Enterprises with total lending limits up to $3m, less than $10m turnover and less than 100 employees. We suggest that  you support any request with an explanation as to how your business has been impacted by the COVID—19 pandemic, explaining what costs you have managed to contain or remove and, if possible, assess the impact that the pandemic is likely to have on your revenue and cash flow. If you can provide a 3 - 6 month forecast to support your request this would be very helpful and may speed up the process. If you are a current client of Perks, no matter what services you currently use, we can work with your bank on your behalf.
As the banks grapple with the impact that the COVID-19 pandemic on individuals and businesses we are seeing high wait periods with all the banks. The principle focus for banks at this point in time is assisting their customers who are impacted. Loan applications already ‘in the system’ (both residential and business) are being delayed. We continue to work very closely with the banks for all our clients. If you want us to take a look at your loan, you can expect the initial review and feedback from the Perks Finance team to take up to 5 business days.
To qualify for Accelerated Depreciation, the asset has to be purchased and installed by 30 June 2021.
Not legally. It is up to the employer to decide whether it wishes to access JobKeeper for eligible employees. It is important to bear in mind that the key principle behind the scheme is:
  1. To allow employees to access payment outside of Centrelink; and,
  2. To allow employers and employees to remain connected, so that businesses can get up and running again quickly when the crisis has passed, without having to re-hire staff.
So whilst there is no legal obligation, there are some excellent benefits for both employers and employees which should be taken into consideration.

See more FAQs by topic:

 

Top Medical & Dentistry Downloads

Articles

Phase 2: Government-guaranteed loans now available to SMEs

Phase 2: Government-guaranteed loans now available to SMEs

24/11/2020

Banking & Finance

The Federal Government’s loan scheme to assist small and medium-sized companies impacted by COVID-19 has been extended,...
Read more.

Business levers for sudden lockdowns & restrictions

Business levers for sudden lockdowns & restrictions

20/11/2020

Business Advisory

Find out what economic levers are available when your business is affected by a sudden change to...
Read more.

SA COVID-19 Response: Information for Employers

SA COVID-19 Response: Information for Employers

19/11/2020

HR & Recruitment

Due to the restrictions announced by the SA Government, many impacted businesses will be forced to close for a...
Read more.


(43 Results - Page 1 of 15)

Useful Links

Coronavirus Assistance Available

To view your bank's response measures to COVID-19, click on their logo

Employer Toolkit Coronavirus (COVID-19)

Our HR Consultancy, Perks People Solutions, has developed an easy to use Employer’s Handbook, which addresses the most common concerns and considerations for Australian workplaces during the COVID-19 crisis. Read more here

Download a customisable Work From Home policy template here.
Personal Mental Health Resources
 
Healthy Workplace Support
 
General Community Wellbeing

A selection of resources to help parents & carers to communicate and support child mental health. Specific resources for COVID-19 communications with children are also available here:

https://emergingminds.com.au/

Australian Resources

National Coronavirus Helpline

Call this line if you are seeking information on coronavirus (COVID-19). The line operates 24 hours a day, seven days a week.

 
 
Australian health advice:

Website for free general Australian health advice. Includes easy to understand facts and procedures: https://www.healthdirect.gov.au/coronavirus

 

National status, government response alerts and media releases:  https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert

  Australian travel restrictions:

Comprehensive advisory including definitions of who can enter Australia, applications for exemptions, media alerts: https://www.homeaffairs.gov.au/news-media/current-alerts/novel-coronavirus

 

General travel related updates and information: https://www.smartraveller.gov.au/COVID-19-australian-travellers

 
State Health Advisory

For up-to-date information regarding reported cases, investigations & measures per State.

Australian Capital Territory

https://www.covid19.act.gov.au/

  New South Wales

https://www.health.nsw.gov.au/Infectious/diseases/Pages/covid-19-latest.aspx

  Northern Territory

https://coronavirus.nt.gov.au/

  Queensland

https://www.qld.gov.au/health/conditions/health-alerts/coronavirus-covid-19/current-status/current-status-and-contact-tracing-alerts

  South Australia

https://www.sahealth.sa.gov.au/wps/wcm/connect/public+content/sa+health+internet/health+topics/health+topics+a+-+z/covid+2019/latest+updates/latest+updates+-+covid-19

  Northern Territory 

https://coronavirus.nt.gov.au/

 
New Zealand Resources
New Zealand health advice:

https://www.health.govt.nz/our-work/diseases-and-conditions/covid-19-novel-coronavirus

  New Zealand travel restrictions:

https://www.safetravel.govt.nz/news/novel-coronavirus-china-covid-19

 
Global Resources
WHO (World Health Organization):

https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public

Key Contacts

Specialists in Medical & Dentistry Advisory, Banking & Finance, HR Consulting and Tax Consulting

Andrew Craig

Andrew Craig

Andrew specialises in tax planning advice and wealth creation strategies for medical practitioners, specialists and other health sector professionals.

Sam Wagner

Sam Wagner

Sam has assisted many pharmacy and medical clients in the key areas of tax compliance, business valuations and restructures, business transactions and transitioning their financial affairs to the cloud.

Damon Hammond

Damon Hammond

Working closely with owners of SME’s and privately owned businesses has seen Damon assist them in obtaining the very best results time and time again.

Bruce Debenham

Bruce Debenham

Bruce provides clients with tailored banking and finance solutions to best meet their business and personal requirements.

Cecilia White

Cecilia White

With a background in legal practice, Cecilia has developed strong technical expertise in all matters relating to workplace law, including awards, contracts, disciplinary matters, investigations, equal opportunity and HR policy development.

Neil Oakes

Neil Oakes

Providing tax consulting advice to small, medium and large enterprises, with specific focus in the aged-care and property industries.

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