In a relatively short period of time, the tax profession has had the responsibility of firstly establishing a clear understanding of the Program and then disseminating this information to their clients in order to navigate access to the Program. Most of the heavy lifting regarding implementation was undertaken by tax professionals through the investment of a significant amount of time and effort. It would be greatly appreciated that this group has some involvement and input in any proposed changes to the Program.
Piecemeal or scattergun approaches to changes to the Program will quickly erode community confidence and trust in the government’s handling of what will be an economic crisis for many Australians.
The joint bodies caution against making any changes to the current Program prior to the scheduled September end date. The joint bodies suggest that any proposed extensions or tapering of the Program which extend beyond 30 September 2020 be announced as part of a broader package of changes/enhancements of the Program on 23 July 2020.