News & Analysis

FROM THE FRONTLINE: How food startup Two Hands is responding to the coronavirus crisis

- April 3, 2020 4 MIN READ

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 »

News & Analysis

Medtech Atomo Diagnostics lands massive COVID-19 deal, closes $30 million raise early ahead of IPO

- April 3, 2020 2 MIN READ

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 »

News & Analysis

Working parents will get free childcare under the Morrison government’s latest coronavirus boost

- April 2, 2020 2 MIN READ

  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 »

cybersecurity
News & Analysis

MYOB says small business needs to step up on cybersecurity as people work from home

- March 31, 2020 3 MIN READ

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 »

News & Analysis

The startup sector reacts to the Australian government’s $130bn jobs and business ‘hibernation’ strategy

- March 31, 2020 4 MIN READ

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 »

Profiles

FROM THE FRONTLINE: How startups are tackling the coronavirus crisis

- March 31, 2020 4 MIN READ

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 »

News & Analysis

Australia’s massive $130bn stimulus package will pay businesses $750 a week for each worker they keep in a job

- March 30, 2020 3 MIN READ

  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 »

News & Analysis

Banks are upping their support for business to prevent commercial property evictions during the COVID-19 downturn

- March 30, 2020 3 MIN READ

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 »

News & Analysis

Stimulus 3 will pay each business $3000 a month per worker to keep them in a job

- March 30, 2020 3 MIN READ

  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 »

News & Analysis

A new Australian coronavirus app now has the latest information and advice for everyone

- March 29, 2020 < 1 MIN READ

The Morrison Government has launched Coronavirus Australia, a new app for official COVID-19 information, as well as a Whatsapp feature, partnering with Facebook and Atlassian to produce it. Prime Minister Scott Morrison announced the launch of the app during a $1.1 billion commitment to additional telehealth, mental health, domestic violence and emergency relief services on… Read more »

News & Analysis

Atlassian joins coronavirus fight as $1.1 billion goes to mental health, domestic violence and emergency food

- March 29, 2020 4 MIN READ

$669m is for telehealth – online consultations with GPs and other health services $74m is for mental health amid concerns about the impact of self-isolation $150m is for domestic and family violence support following a 75% spike in online searches A new government app offers advice, the latest news and other support $200 is for… Read more »

News & Analysis

Australia quarantines citizens returning from overseas in hotels, sends in troops and prepares to ‘hibernate’ small business

- March 27, 2020 4 MIN READ

People arriving in Australia from midnight March 30 will be forced to quarantine in designated hotels in the capital cities The Army will be sent to assist local police in ensuring quarantine measures are observed More economic stimulus is coming, including plans to ‘hibernate’ businesses to emerge from the shutdown State and territory leaders are… Read more »