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Startup Success Series: Employment Law, JobKeeper and Rent Relief
Recording of Startup Success Series: Employment Law, JobKeeper and Rent Relief
As discussed in the last two Startup Success Series events (Cashflow Forecasting and Raising Capital in a Crisis), startup founders need to focus on extending their runway to between 18 - 24 months. Alongside technology costs, employment costs and rent are typically the three top expenses for any startup. Managing redundancies, standing staff down, dropping people to .8 or .6 time or leveraging leave without pay have become a necessary strategies for survival. The Australian Government's JobKeeper and Rent Relief initiatives may offer relief for some in the coming weeks.
To help you understand your rights and responsibilities, we invited representatives from some of Australia's top law firms: John Coghlan, Director at Coghlan Duffy & Co; Rick Catanzariti, Partner at DLA Piper; and Bryony Binns, labour lawyer practicing within PwC Australia’s People & Organisation and Legal teams.
3:39 - Introductions
8:11 - Options for paying wages in an economic crisis
27:14 - Alternative tests to the drop in revenue test
34:30 - Final comments on JobKeeper
35:54 - What is Rent Relief and how does it work?
42:14 - Rent Relief and co-working spaces
46:20 - Returning to full-time work
54:02 - Q&A
This webinar was held as part of Startup Victoria's Startup Success Series. The Startup Success Series is a new initiative designed to provide insight and education on the topics that matter most to the founder community right now.
The Startup Success Series is supported by LaunchVic. LaunchVic is Victoria’s startup development agency. LaunchVic invests in organisations and projects that empower entrepreneurs to scale innovative companies and deliver new industry benefits to the Victorian economy. Learn more about LaunchVic: https://launchvic.org/