The economic crisis brought on by COVID-19 is unlike anything the startup sector and broader business community experienced before. The economic rule book has been thrown out the window and Australian government’s response reflects gravity of the situation, with Prime Minister Scott Morrison announcing a massive $130 billion stimulus package, in a bid to keep people… Read more »
Rapid blood test startup Atomo Diagnostics is playing its part in the fight against coronavirus, signing a deal with French diagnostics company, NG Biotech, to supply up 2.465 million of its rapid, blood-based COVID-19 tests in 2020. The sale landed as the Sydney-based healthtech venture’s $30 million Initial Public Offer was oversubscribed at 20 cents per… Read more »
Childcare will be free for parents working to keep society functioning through the coronavirus shutdown – as well as those who’ve taken their child out of care but want to keep the place – under new subsidies announced by Prime Minister Scott Morrison. Around one million families in 13,000 childcare and early learning centres… Read more »
NSW Police Commissioner Mick Fuller says the state’s tough social distancing and isolation laws will remain in place for at least 90 days, taking the restrictions to June 29. On Monday, the NSW government increased restrictions on freedom of movement in a bid to reduce the further spread of COVID-19, also ramping up the… Read more »
Right now, a bunch of cool people are sharing their advice to help everyone in business get through the COVID-19. Among them is Melbourne startup Silicon Block, famed for events ranging from intimate dinners to large scale block parties, which has moved online in the work-from-home era. Founder Rhys Hayes has built a community of… Read more »
Finder finally has a new local leader following an 18-month hunt by the comparison site’s co-founders and global co-CEOs Fred Schebesta and Frank Restuccia, with ViacomCBS exec Chris Ellis taking on the newly created role of CEO of Finder Australia. English-born Ellis departed ViacomCBS, owners of the Ten TV network, as VP of Commercial… Read more »
Another threat SMEs need to deal with while focusing on the impact coronavirus is cybersecurity, especially as people work from home. Tech and accountancy business MYOB says cybersecurity is a key risk smaller businesses often don’t pay attention to. MYOB Head of Product, SME, Dale Dixon says companies and their staff need clear guidelines on… Read more »
Australia’s startup sector has reacted favourably to the Morrison government’s $130 billion economic stimulus package, announced on Monday. The government will pay a $750 a week wage subsidy to businesses who retain workers over the next six months. The program also applies to sole traders. “We will pay employers to keep paying their employees, and… Read more »
The economic crisis brought on by COVID-19 is unlike anything the startup sector and broader business community experienced before. The economic rule book has been thrown out the window and Australian government’s response reflects gravity of the situation, with Prime Minister Scott Morrison announcing a massive $130 billion stimulus package yesterday, worth 11% of annual… Read more »
Workers will receive $1500-per-fortnight ‘JobKeeper’ wage subsidy for the next 6 months It applies to businesses losing a minimum 30% of income (50% for revenue over $1bn) The ATO will manage the scheme through Single Touch Payroll The flat rate payment applies to people employed at March 1 (provided they are reinstated if subsequently… Read more »
Australian banks are expanding their program of six-month loan deferrals to larger companies, offering relief on up to $250 billion in business borrowing. The major banks are backing the Australian Banking Association’s (ABA) extended Business Support Package to 98% of all businesses with a loan from an Australian bank, increasing the existing $3 million small… Read more »
A member of staff at logistics technology company GetSwift (ASX: GSW) has died from COVID-19, the New York headquartered, ASX-listed startup said. CEO Bane Hunter wrote to colleagues and shareholders today saying they are devastated and saddened at the news. Hunter said they would not release the name of the person, believed to be in… Read more »
Victoria is moving to “stage three” shutdown restrictions as the state’s coronavirus infection rate climbs past 800 cases. Premier Daniel Andrews is moving to give the state the legal framework to implement the national measures announced by Prime Minister Scott Morrison on Sunday night, including a limit of no more than two people gathered… Read more »
Workers will receive $1500-per-fortnight ‘JobKeeper’ wage subsidy for the next 6 months It applies to businesses losing a minimum 30% of income (50% for revenue over $1bn) The ATO will manage the scheme through Single Touch Payroll The flat rate payment applies to people employed at March 1 (provided they are reinstated if subsequently… Read more »
Public gatherings will be limited to two people under new rules to deal with coronavirus in Australia, Prime Minister Scott Morrison said. The new rules means previously allowed outdoor personal training sessions are cut to one-on-one, and skate parks and playgrounds will close from Monday. “In addition, public areas – public playgrounds, outside gyms… Read more »
Stimulus 3 will pay each business $3000 a month per worker to keep them in a job
Australia’s massive $130bn stimulus package will pay businesses $750 a week for each worker they keep in a job
Victoria hits ‘stage 3’ shutdown as coronavirus cases keep climbing
A new Australian coronavirus app now has the latest information and advice for everyone
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