The delayed 2020 federal budget, delivered by Treasurer Josh Frydenberg in the wake of the damage wrought by Covid-19 contained a major unexpected win for the startup sector over the R&D Tax Incentive. Amid a massive $213.7 billion deficit for this year – and $480.5 billion over the next four years, there were accelerated income… Read more »
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 »
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 »
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Eucalyptus head of growth Matt Rossi departs to launch his own marketing startup, Oodle 
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