Scott Morris
Politics

7 charts that explain the 2020 Australian budget

- October 7, 2020 < 1 MIN READ

The budget deficit is projected to hit $213.6 billion, a record 11% of GDP, before winding back: Instead of falling, as predicted in the last budget, debt will climb: There’s spending and tax cuts a plenty: It’s expected to bring about a bounce-back in economic growth: But much depends on the assumptions, including a return… Read more »

Politics

Budget 2020 has a $37 billion boost for business

- October 6, 2020 4 MIN READ

Tax cuts aren’t the half of it. The personal income tax cuts promised in the budget will cost A$17.8 billion over four years. The measures aimed at supporting businesses – the temporary instant tax write off of capital investments, the temporary ability to use losses to reduce previous tax payments, the JobMaker hiring credit and… Read more »

Politics

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 »

Funding

The government wants feedback on the R&D Tax Incentive – and you have just 10 days left to give it

- October 2, 2020 < 1 MIN READ

The Research and Development Tax Incentive (R&DTI) program is one of the most crucial yet fraught programs supporting the growth of Australian startups. The R&DTI helps offset some of the costs that businesses invest into eligible R&D and the Department of Industry, Science, Energy and Resources is looking at reforms to improve how companies engage… Read more »

Politics

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 »

Politics

The budget will spend $800 million ramping up how business works digitally, especially when dealing with government

- September 29, 2020 3 MIN READ

Prime Minister Scott Morrison has announced an $800 million digital technology plan for business as part of the ongoing stimulus response to the Covid-19 pandemic The PM said next Tuesday’s Budget would support businesses to recover and create more jobs. The major areas of focus for the plan include digitisation of the government’s business register,… Read more »

Politics

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 »

Topics

Just as the NBN roll-out ends, it’s borrowing another $3.5bn to upgrade the network with fibre to the home

- September 23, 2020 3 MIN READ

NBN Co. will borrow $3.5 billion in additional debt from the private sector in order to upgrade the broadband network to more than six million homes over the next three years. Just as NBN Co. is “finishing” the national broadband roll-out, federal communications minister, Paul Fletcher will outline the latest investment at the National Press… Read more »

Topics

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 »