News & Analysis

Budget 2020: Treasurer says ‘we have your back’ as income tax cuts kick in early

- October 6, 2020 4 MIN READ

Accelerated tax cuts, cash splashes for pensioners, massive incentives for business to invest and a subsidy to hire unemployed people are the centrepieces of the Morrison government’s COVID-19 budget. More than 11 million taxpayers will get a tax cut backdated to July 1, giving lower and middle-income earners tax relief this financial year of up… Read more »

News & Analysis

Space and resources tech are among six focus areas for the Australian government’s $1.5 billion manufacturing reboot

- October 1, 2020 4 MIN READ

The federal government is selecting six priority areas for support in a $1.5 billion manufacturing plan Scott Morrison will outline in a pre-budget address. They are resources technology and critical minerals processing, food and beverage, medical products, recycling and clean energy, defence, and space. The plan will also focus on building “supply chain resilience” after… Read more »

News & Analysis

Australia is going to introduce US-style insolvency laws for when small companies get into financial trouble

- September 24, 2020 2 MIN READ

The Morrison government will make sweeping changes to the insolvency system to improve the chances of saving small businesses hit by the pandemic. The reforms – which are described as the most significant for three decades – will cover three quarters of businesses currently subject to insolvency, almost all of which have less than 20… Read more »

News & Analysis

Australia’s new ‘clean energy’ technologies being opened up for investment

- September 22, 2020 3 MIN READ

The Morrison government will tell its refocused clean energy agencies and the clean energy regulator to give priority to investment in five low emissions technologies and report how they are accelerating them. The technologies are clean hydrogen, energy storage, low carbon steel and aluminium, carbon capture and storage, and soil carbon. The government last week… Read more »

News & Analysis

The Morrison government is looking to extend JobKeeper this week to avoid September’s economic cliff

- July 20, 2020 2 MIN READ

The government is set to continue a revamped and re-targeted wage subsidy when it delivers its Thursday economic statement amid massive uncertainty about the trajectory of COVID-19 in the two largest states. Finance Minister Mathias Cormann on Sunday said JobKeeper would be extended but with changes. “There will be some adjustments to the scheme to… Read more »