Firm News

What to do when your supply chain faces disruption

If your company relies on suppliers in various geographic locations, it’s likely that your business will face a supply chain disruption. Whether that disturbance is caused by a virus, like Covid-19, regulatory lock-down, international tensions, changes in local laws or a natural disaster, there will probably be scenarios in which your suppliers or transporters face obstacles that affect your company.

Here are some steps you can take to respond to such situations and even prepare ahead of time for them.

1. Know your supply chain

An important first step to any preventive or reactive plan is to know your supply chain. You and your team should know who and where in the world your suppliers are, where their suppliers are (if they have any), and any regional laws or international tensions that could affect your supply chain.

Knowing how long transportation of goods takes can help you anticipate when your suppliers’ disruptions will affect you. For example, if you receive goods from China and manufacturing plants in that country have shut down, you might not be affected for a month or two. This gives you some time to review the situation and react based on your current inventory and your customers’ needs.

2. Reach out to your suppliers

Find out how the delays or issues affect your suppliers and how they plan to address the situation. If they don’t already have a plan in place—or if there isn’t anything they can do about the situation—you may need to take action on your own, such as finding new suppliers, sourcing new products, or planning new transport routes.

Reaching out to your suppliers can also help you more effectively manage any customers or clients waiting on goods from you. The more information you have, the better equipped you are to make decisions about your current status and how your business will operate through the disruption, or whether you need to slow down or shut down.

3. Plan ahead

Have contingency plans in place and set parameters for when the contingencies will be activated. If the disruption is likely to slow down delivery of goods but not stop it, place necessary orders ahead of time—even a month or two in advance of when you normally would.

If there is a chance your suppliers can’t get you the items you need, determine if another source can be found, even a temporary one.

Even if you aren’t currently affected by a supply chain disruption, knowing the alternatives available to you, how quickly they can respond and their cost provides you with a level of protection in the case of a risk to your supply chain.

Set guidelines for when you’ll turn to your alternate arrangements. If you wait too long, other companies could have already reached out to your alternatives, leaving you with no options.

Final thoughts

If possible, diversify your supply chain. It may cost a bit more, but you’re less vulnerable to disruptions if your suppliers exist in different areas. There are many issues out of your control that can affect your supply chain. It’s vital that you have a plan in place so you can respond to such scenarios and keep your business operational.

Get in touch with us if you have a question about your business. We are here to help you navigate the changes during this challenging time.

Firm News

JobKeeper – “Identify” wage subsidy to be claimed

By now, your eligible business will have enrolled for JobKeeper.

If not, you have until 8 May 2020 to do so – see our previous post for more info.

It’s now time for the next step:


  1. Log into the ATO Business Portal
  2. Click “Identify(the form to identify and maintain eligible employees, for JobKeeper wage subsidies.)
  3. Follow the steps, inputting each employee’s TFN, Date Of Birth and Fortnights (FN) for which the business is claiming JobKeeper.
    • Example – For the whole month of April, you will select ‘Claim FN 1 and 2’.
  4. Input the current ‘April’ GST turnover (excluding GST) as well as the projected turnover for May.
  5. Once submitted, a receipt will be displayed on your screen – save this.



  • You cannot save the form, while you are working on it, and you cannot edit it, once it is submitted.
  • Read the instructions carefully, to make sure you have all the information you need, before you start.


If you need any assistance, please do not hesitate to contact us, on (02) 8814 5677.


Firm News

JobKeeper Payment: Enrol by 30 April 2020 [UPDATE: Extended to 8 May 2020]

As of Monday 20 April 2020, eligible businesses can now enrol for the JobKeeper payment.

You must do this by 30 April 2020 to claim JobKeeper payments for April.

The ATO have extended the date that you must to this by to 8 May 2020, in order to claim JobKeeper payments for April 2020.

You can do this by logging into the ATO Business Portal and using your myGovID authentication


In the online form:

  • provide bank details
  • indicate if you are claiming an entitlement based on business participation, i.e. if you are a sole trader, partner of a partnership or a trust beneficiary
  • specify the estimated number of employees who will be eligible for:
    • the first JobKeeper fortnight (30 March – 12 April 2020)
    • the second JobKeeper fortnight (13 April – 26 April 2020)


JobKeeper has been extended to include a business that is run through a trust, sole trader or partnership structure.

ONE partner in a partnership, ONE beneficiary in a trust, or ONE working director/shareholder in a company are all now able to claim the JobKeeper subsidy.


If you need a refresher on the steps that should have been completed already, check out our previous posts:

  1. JobKeeper Payment (Covid-19 Stimulus Package update)
  3. JobKeeper – The Next Step


We have also created some helpful decision trees:

  1. Is my Business Eligible for Jobkeeper
  2. My Business is Eligible – What Next
  3. Eligible Employees – Payroll Processing


Firm News

Happy New Year!

Happy New Year to all of our clients; past present & future!

We wish you a prosperous 2020 in all your business & personal endeavours.

We’ll be back in the office to assist you from Tuesday 7th January 2020.

Warm Regards,

Rick, Brad, Cassandra & Dileeni


Firm News

Christmas Break

The team at Hockley Giblin & Co would like to take this opportunity to thank you for a productive and progressive year in both business development and relationship building.


As the end of the year is fast approaching us, we find ourselves reflecting on the past year and those who have helped to shape our business.

We have had a great year helping our clients reach their personal and business goals and we hope that 2019 has been just as memorable for you, your colleagues and loved ones, as it has been for us!

We look forward to working and growing with you and your businesses in the years to come.


We would also like to take this opportunity to let you know that our office will be closed from Thursday the 19th December until Monday the 6th January.


Whilst our office will not be attended, Brad & Rick will be checking their emails every other day.


Merry Christmas & Happy new year!


Warm regards,

Rick, Brad, Cassandra & Dileeni.

Firm News

2019 Federal Budget Summary

Below is a link to the summary of the 2019 budget delivered by the Government recently.

This year’s federal budget has a few sweeteners, which was to be expected with the next federal election only about a month away and the Coalition Government trying to make up ground in the polls.

The welcome news is the forecast return to surplus for the 2019-20 fiscal year.

Also note that proposed changes to Division 7A will be deferred from 1 July 2019 to 1 July 2020, and that there are some useful changes to superannuation that will benefit older pre-retirees.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.