Decoding the language of finance to understand Australia’s $189 billion stimulus

The arrival of the coronavirus ended a 29-year period of uninterrupted economic growth in Australia, and skyrocketed unemployment rates. Unemployment peaked at around 7.5% and by March of 2020 the Australian government had passed a $189 billion stimulus bill which included funds for both individuals and businesses. But bills like this aren’t always easy to understand, and many business owners found themselves asking questions: Am I eligible? What can I apply for? How do I apply?

Tony Robbins wants to help you maximize benefits for your business. That’s why he brought Paul Siderovski in to discuss the different parts of the bill, eligibility and application questions. Paul has decades of deep financial experience, and is currently a Partner at Global Accounting Advisors and the CEO of SiDCOR, a chartered accounting firm he started in 2002. He frequently speaks at Business Mastery events in Australia and around the world, driven by his true passion in life: Helping small and medium-sized business owners learn, grow and realize their potential through massive financial success.

Tony and Paul discuss the intricacies of the stimulus package, including its main parts: The Job Keeper Scheme, the 100,000 PAYG credit, the small business asset write-off, depreciation acceleration, ATO concessions, government-backed loans and more. You’ll learn how to apply for the various federal and state support measures, how to determine whether you qualify for the JobKeeper Payment Scheme and what you can do in your business right now to get you through the next six months.

There are also lessons here that reach far beyond the COVID-19 pandemic. If you’re not sure what words like “write-off” or “depreciation” mean, you’re not alone. One common theme Tony and Paul often see is that business owners find it difficult to practically apply financial principles to their business. But becoming fluent in the language of finance is essential – and anyone can do it. It’s just one of the things you’ll learn at Business Mastery that will propel you toward success in any economy.

Business Mastery is the world’s premier business training event designed and hosted by the world’s #1 authority on personal growth, business transformation and peak performance – Tony Robbins. This five-day event equips entrepreneurs, business owners and operators with cutting-edge systems, skills and strategies not found anywhere else to create an invincible advantage against competitors.

Business Mastery is designed to help participants thrive in any economic climate as they discover critical factors impacting their businesses currently, and design an action plan for the next phase of growth, whether they seek more profits or an exit strategy. This includes marketing tips, maximizing a business’ digital presence to actually get seen and discovered online and how to anticipate and solve the biggest business problems.

During this comprehensive program, participants gain the same proprietary tools and methodologies Tony Robbins has used to make more than 70 businesses profitable. They’ll also unlock exclusive growth tips from industry giants from companies like Airbnb, OrangeTheory, Shake Shack, SoulCycle, Warby Parker and more.

Now available as an immersive virtual event, Tony Robbins’s Business Mastery is drawing even larger crowds and a new generation of business owners.

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Tony Robbins is a #1 New York Times best-selling author, entrepreneur, and philanthropist. For more than 37 years, millions of people have enjoyed the warmth, humor and dynamic presentation of Mr. Robbins' corporate and personal development events. As the nation's #1 life and business strategist, he's called upon to consult and coach some of the world's finest athletes, entertainers, Fortune 500 CEOs, and even presidents of nations.