Coronavirus (COVID-19)
Influencing Public Policy



CPA Australia has been proactively engaging with government and other stakeholders to support our members and the broader public interest on matters relating to COVID-19. We have published our submissions to government, our media engagement and analysis of government updates and stimulus packages.

Continue to explore our vast resources, advice and guidance on COVID-19 for other key topics.


Submissions to Government

CPA Australia is proactively advocating for members during this time, given the essential role of accountants and accounting practices to support businesses and the community as they respond to the unprecedented economic impact of COVID-19.

Read our submission to the coronavirus business liaison unit and the Federal Treasurer (PDF) detailing this essential role and requesting that accountants be permitted to continue operating as an essential service.

Submission to the Treasurer – Recommendation for support for businesses significantly impacted by further restrictions
CPA Australia has written to the Treasurer The Hon. Josh Frydenberg with recommendations for additional support for businesses significantly impacted by further restrictions on their operations.
Last updated 3 August 2020 | PDF

Submission to the Victorian Premier – Recommendation for support for businesses significantly impacted by further restrictions
CPA Australia has written to the Victorian Premier The Hon. Daniel Andrews with recommendations for additional support for businesses significantly impacted by further restrictions on their operations.
Last updated 3 August 2020 | PDF

Submission to the Northern Territory Reconstruction Commission
CPA Australia has made a submission to the Northern Territory Reconstruction Commission.
Last updated 29 July 2020 | PDF

Submission to the Victorian Premier – authorisation for tax practitioners to continue operating the event of a Stage 4 lockdown in Victoria
The Tax Practitioners Stewardship group has written to the Victorian Premier regarding authorisation for tax practitioners to continue operating the event of a Stage 4 lockdown in Victoria.
Last updated 17 July 2020 | PDF

Submission to the Senate Select Committee on COVID-19 – stimulus measures implementation and impacts on the tax profession
This submission to the Senate Select Committee on COVID-19 discusses the COVID-19 stimulus measures implementation and the impact on the tax profession.
Last Updated 28 May 2020 | PDF

Letter to the Treasury regarding the review of the JobKeeper Program – from the joint tax and accounting bodies
The joint tax and accounting bodies have written to the Assistant Secretary, JobKeeper Division – Fiscal Group, Treasury, regarding the review of the JobKeeper Program.
Uploaded June 2020 | PDF

Letter to the Treasury regarding the Treasury Review of the JobKeeper Program – ongoing engagement with the National Tax Liaison Group
The joint bodies have written to the Assistant Secretary, JobKeeper Division – Fiscal Group, Treasury regarding the review of the JobKeeper Program and the ongoing engagement with the National Tax Liaison Group.
Uploaded June 2020 | PDF

Submission to the Assistant Minister for Superannuation, Financial Services and Financial Technology
The joint bodies have written to the Assistant Minister for Superannuation, Financial Services and Financial Technology in relation to Superannuation Guarantee Amnesty and the COVID-19 pandemic.
Last Updated 17 June 2020 | PDF

Submission to the Treasurer regarding certainty for the R&D Tax Incentive
The joint bodies have written to the Treasurer regarding certainty for the R&D Tax Incentive.
Last Updated 17 June 2020 | PDF

Submission to the Assistant Treasurer – certainty for Division 7A
The joint bodies have written to the Assistant Treasurer in relation to current uncertainty surrounding Division 7A of the Income Tax Assessment Act 1936 (Cth).
Last Updated 27 May 2020 | PDF

Submission to Commissioner of Taxation – request for further lodgement deferrals in response to COVID-19
The joint bodies have written to the Commissioner of Taxation to consider extending the lodgement deferral period to 30 June.
Last Updated 21 May 2020 | PDF

Submission to Commissioner of Taxation from the Public Practice Advisory Committee
CPA Australia’s Public Practice Advisory Committee (PPAC) has written to the Commissioner of Taxation to request an extension to lodgement deferrals.
Updated 20 May 2020 | PDF

Submission to the National COVID-19 Coordination Commission regarding digitising business
This submission provides recommendations and suggestions for digitising business in Australia using data from CPA Australia’s 11th Annual Asia Pacific Small Business Survey.
Uploaded 18 May 2020 | PDF

Letter to the Financial Reporting Council regarding lodgement deadlines, standard setting and other matters
The joint bodies have written to the Financial Reporting Council (FRC) to provide input and recommendations to the FRC COVID-19 working group.
Uploaded 24 April 2020 | PDF

Media

Government support critical but long road to recovery ahead, says CPA Australia
Dr Gary Pflugrath, CPA Australia’s Executive General Manager of Policy and Advocacy, explains that while the government’s support spending has allowed Australia to escape the worst of the economic impacts of COVID-19, the negative consequences on jobs and business are likely to be felt for many years.
Last updated 23 July 2020 | PDF

JobKeeper extension gives business extra time to recover from the economic impacts of COVID-19
CPA Australia welcomes the Morrison Government’s announcement to extend and taper the JobKeeper scheme until March 2021. This comes in response to feedback from us and will ensure the profession has sufficient notice to understand changes and advise their business clients appropriately
Last updated 21 July 2020 | PDF

AICD, CA ANZ and CPA Australia release COVID-19 annual reporting guidance
Joint bodies have published guidance on the disclosure and reporting of COVID-19 impacts on entities. The guide recognises the unique set of challenges posed when describing the impact of COVID-19 in annual reports for the upcoming reporting season.
Last updated 13 July 2020 | PDF

Business advice needed to restore growth, warn accounting bodies
Australia’s major professional accounting bodies have called for the government to give businesses better access to the advice they need to recover from the impact of COVID-19 through a voucher system.
Last updated 7 July 2020 | PDF

Reflect, reimagine and reinvent for a sustainable economic recovery post-COVID, says CPA Australia
As Australia emerges from the COVID-19 economic hibernation, CPA Australia calls on the Federal Government to shift its policy focus to supporting business recovery and reinvention, with the goals of achieving strong productivity, employment and GDP growth without compromising long-term environmental or economic sustainability.
Last updated 6 July 2020 | PDF

COVID-19: The post-virus future for SMEs is digital
Paul Drum, CPA Australia’s General Manager External Affairs, writes about how the world has changed and SMEs need to change with it. Published in the NZ Herald.
Last updated 15 May 2020 | PDF

New Zealand: Charitable sector in no state to help Kiwis in need 
Paul Drum, CPA Australia’s General Manager External Affairs, writes about how many not-for-profits face extinction from the loss of revenue during COVID-19.
Last updated 3 May 2020 | PDF

New Zealand COVID-19: SMEs to plot a course to safety
Paul Drum, CPA Australia’s General Manager External Affairs, writes about the new measures and announcements in New Zealand that will put cash in the hands of many business owners. Published in the NZ Herald.
Last updated 16 April 2020 | PDF

Early access to super COVID-19 measure: Joint bodies ensure Australians can easily access professional advice
The joint bodies have lobbied to ensure Australians can get the advice they need to understand the Federal Government’s COVID-19 economic packages, including early access to their superannuation. It will be easier for Australians to get assistance from professional accountants and financial planners in making decisions about their financial position in the face of the COVID-19 pandemic.
Last updated 14 April 2020 | PDF

JobKeeper will deliver a lifeline to workers and businesses, says CPA Australia
The government’s JobKeeper bills are now law. They will enable the delivery of critical financial relief to many and will help speed up the nation’s economic recovery.
Last updated 8 April 2020 | PDF

COVID-19: JobKeeper scheme a lifesaver, says CPA Australia
The Australian Government’s third tranche of stimulus and safety net measures will go a very long way to ameliorate the dramatic impact that the COVID-19 crisis is having on businesses, workers and their families, and the economy. Paul Drum highlights the benefits of the new JobKeeper scheme.
Last updated 1 April 2020 | PDF

COVID-19: Stimulus and safety net measures
The second tranche of the Australian Government’s stimulus and safety net measures are important next steps in what is now a national health, social and economic emergency of a type most people have never experienced before. CPA Australia’s spokesperson, Paul Drum, says that the community is now more aware of the significant threat that COVID-19 poses to human health, businesses both large and small, jobs and savings.
Last updated 22 March 2020 | PDF

Fiscal stimulus a timely boost amid coronavirus threat
The Australia Government’s economic response to COVID-19, announced on 12 March 2020 should provide a strong boost to many households and businesses as they face an uncertain period. Read CPA Australia’s take on this.
Last updated 12 March 2020 | PDF

Government Stimulus Summaries

Summary of the Australian Government’s stimulus measures
The Australian Government and the Reserve Bank of Australia (RBA) have announced a range of measures to support the economy, business and employment during the COVID-19 crisis. The measures include support for businesses (for example, cash flow boost for employers, temporary relief for financially distressed businesses, and support from the RBA to encourage more lending by banks), support for individuals (for example, temporary early access to superannuation and reduction to minimum drawdown requirements), and ATO support.
Last updated 9 August 2020 | PDF

Summary of Australian states and territory governments’ economic responses to COVID-19
Australian state and territory governments have announced a range of measures to assist small to medium-sized businesses during the COVID-19 crisis. Find out what each state and territory is working on, in order to support businesses.
Last updated 9 August 2020 | PDF

Economic and Fiscal Update 2020
On 23 July 2020, the Federal Government delivered its Economic and Fiscal Update following a series of earlier announcements in relation to COVID-19 support packages including JobKeeper.
Last updated 23 July 2020 | PDF

New Zealand: COVID-19 wage subsidy extension
A wage subsidy extension payment is available to support employers, including self-employed people, who are still significantly impacted by COVID-19.
Last updated June 2020 | Web page

The Malaysia Government’s economic responses to COVID-19
The Malaysian Government has announced a range of measures in collaboration with the central bank of Malaysia, Bank Negara Malaysia, government linked companies and private corporations to mitigate the economic impact of COVID-19. The measures taken to support businesses include small to medium enterprises and micro-entrepreneurs, and encourage human capital development and private investments. Individuals are supported by enhancing the daily income and a reduced cost of living.
Last updated 9 June 2020 | PDF

The Singapore Government’s economic responses to COVID-19
Singapore’s Government has announced its fourth support budget in two months in an unprecedented move to help the country weather the COVID-19 pandemic. A S$33 billion solidarity budget was unveiled by Deputy Prime Minister and Finance Minister Heng Swee Keat on Tuesday 26 May.
Last updated 26 May 2020 | PDF

Summary of the Hong Kong Government’s economic response to COVID-19
The Hong Kong SAR Government has announced a range of measures to mitigate the economic impacts of COVID-19.
Last updated 15 April 2020 | PDF

Payroll tax comparison between Australian states and territories
See an overview and comparison of the payroll tax changes, including waivers to assist business impacted by COVID-19.
Last updated 8 April 2020 | PDF

Tasmanian Government business continuity grant
The Tasmanian Government is providing $700,000 to help Tasmanian businesses trade through and survive the economic impact of COVID-19, through one-off grants of up to $750. The grant is said to accelerate recovery once the situation improves and the trading restrictions are lifted.
Last updated 26 March 2020 | PDF

Hong Kong announced expansionary budget to support economy
The Hong Kong Government has unveiled a budget for 2020-21 that is focused on supporting businesses and the wider community to counter the negative impacts of the coronavirus outbreak, as well as developing a diversified economy, nurturing talent and building a liveable city.
Last updated March 2020 | INTHEBLACK article