Topic: COVID-19

COVID-19 is an infectious disease caused by the virus strain severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). Worldwide spread of the disease began for the first time in 2019 and has developed into the 2019–20 coronavirus pandemic.

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Coronavirus wage subsidy scheme: what you need to know

The Federal government has announced $130 billion in wage subsidies to halt the unemployment spiral caused by COVID-19.

COVID-19: Can your business get rent relief?

As part of its coronavirus response, the government has granted a six-month moratorium on evictions and is encouraging landlords to grant rent relief.

AICD backs calls for widespread wage subsidies

The Australian Institute of Company Directors (AICD) has today encouraged the Federal Government to deploy bold and innovative thinking on wage subsidies and further economic stimulus to counter the i...

COVID-19 and NFPs: What directors need to know and helpful resources

This is a challenging time and we recognise all not-for profits (NFPs) and charities are facing extraordinary challenges across multiple fronts, ranging from solvency and liquidity concerns to employ...

Directors’ duties in uncertain financial times

The impact of the last bushfire season and now COVID-19 is causing significant distress to companies. Indeed, for many companies, cash flow has slowed to a trickle or even stopped completely.

COVID-19: The implications for D&O insurance

The D&O insurance market has been under strain for a number of years, with premium increases exceeding 100% a familiar sight. At a time when directors everywhere are trying to navigate challenging wat...

Economic indicators plummet at a rate exceeding that of the Great Recession

Last week, we noted that the extent of financial market turmoil was reminiscent of the global financial crisis (GFC). This week we’ve seen increasing numbers of forecasters suggest that the Coronavir...

COVID-19: Effective internal and external crisis communications

The COVID-19 pandemic is both a social and financial crisis where trust will be central to corporate and political survival. People at all levels of the organisation are being asked to change the way ...

COVID-19: Coordinating board and management roles and responsibilities during a pandemic

During any crisis it is important to ensure there is a clear understanding between the board and management of their respective roles – meaning the tasks, responsibilities and processes that each will...

COVID-19: Seven steps to adapting business continuity plans for crisis

The crisis triggered by the contagion of COVID-19 is still escalating. The pandemic has taken hold in Australia and business continuity plans and strategies are being adapted for this crisis.
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