I looked for the cybersecurity line items in the budget so you don’t have to. Initial Thoughts I commented in my corresponding post when last year’s budget was released that: “This (2021) budget continues the historical trend of spending a significant amount on national security, which includes cybersecurity, but having most of the money directed towards the… Read more »
There’s been a mixed reaction to the Morrison government’s last budget before the election. While The Tech Council of Australia welcomed the measures for small business offering additional tax deductions for employers who invest in digital skills training for their staff, while William Buck startup advisor and accountant Jack Qi gave the budget a “C-”… Read more »
Federal Budgets are always fun. Throw in accusations of election year pork-barrelling, the need to repay a huge public sector debt pile, war in Europe, the spectre of rising living costs and massive labour market shortages, we suddenly get a very messy picture indeed. It’s hard to know where to look. Last year we rated… Read more »
Peak industry lobby group The Tech Council of Australia (TCA) has praised the federal budget for its focus on small business digital adoption, skills. CEO Kate Pounder said the plan feeds into the TCA’s goal of getting more people into the tech sector. “We applaud the measures announced in the federal budget that support the… Read more »
With rising inflation, a war in Europe affecting global fuel costs, and ongoing supply strain issues, this year’s budget is shaped not just by the upcoming election but a growing cry in the community about the cost of living. But despite some significant multi-billion dollar spends within the next six months, the deficit is predicted… Read more »
When Josh Frydenberg says his key cost-of-living budget measures are “temporary” and “targeted”, he’s precisely right, though the reasons are more opportunistic than he’d spruik publicly. He says it’s all about giving help when it’s needed while not baking in long-term spending. But actually, and equally, the measures are aimed squarely at the imminent election,… Read more »
The Morrison government’s election budget halves petrol excise for six months and gives handouts to taxpayers, pensioners and welfare recipients in a cash splash aimed at clawing back votes. Treasurer Josh Frydenberg, who unveiled the giveaway budget in Parliament House on Tuesday night, has been able to juggle big spending with a reduced deficit thanks… Read more »
Federal treasurer Josh Frydenberg hands down his fourth and final budget before the federal election on Tuesday evening and the startup sector is hopeful that as it prepares to head to the polls, the Morrison government will address a range of issues facing tech. So what’s on the wish list? We spoke to a range… Read more »
Gold Coast-based Gilmour Space Technologies has received a $52 million grant from the federal government for its collaborative project bringing together more than 30 local space tech startups, and universities. The Australian Space Manufacturing Network (ASMN) was awarded Modern Manufacturing Initiative Collaboration (MMIC) grant for the development of sovereign space capabilities in Australia. The grant… Read more »
Opposition leader Anthony Albanese has pledged to work with the tech sector to help create another 340,000 jobs by 2030 if Labor wins the May federal election. While the headline in the Opposition announcement is 1.2 million jobs, the sector already employs around 860,000 people and the Tech Council of Australia (TCA) last year set… Read more »
It has been nearly a year since I last addressed Blockchain Australia Week. When I made that address, I announced that the Select Committee which I Chaired – then called the Senate Select Committee on Financial Technology and Regulatory Technology – would be extended under new Terms of Reference. These Terms of Reference would focus… Read more »
Social media giant Facebook says it will crackdown on misinformation on the platform in the lead up to the federal election in May, but Reset Australia says the plan is a “woefully inadequate” distraction from the bigger problems embedded in the business. Facebook’s parent company Meta announced this week that it will ramp up third-party… Read more »
Consultation on expansion of the Consumer Data Right (CDR) to open finance has been kicked off by the Australian government. A consultation paper released today calls for public input on datasets to be considered from non-bank lending providers, offering fintechs the chance to develop innovative consumer use cases. Earlier this year, the federal government announced… Read more »
The Australian Government has backed plans to build a $66 million Adelaide-based manufacturing hub for the space industry with a $20 million grant towards the project. The Space Manufacturing Hub, first revealed last December, is a collaboration between the South Australian government and four local startups: nano-satellite maker Fleet Space Technologies, quantum technologies developer Q-CTRL and… Read more »
Prime Minister Scott Morrison has flatly opposed the bid led by tech billionaire Mike Cannon-Brookes to buy Australia’s biggest energy company AGL and spend A$20 billion switching it to renewables. This includes closing its coal power stations by 2030. As Morrison stated this week: We need to ensure that our coal-fired generation of electricity runs… Read more »
Daily startup news and insights, delivered to your inbox.
