This year has been a thunderclap to so much of what we assumed to be normal. While some parts of the economy, by virtue of the pandemic restrictions, were frozen in place, others had to accelerate at warp speed. But all of us have had to adapt and to find a place of resilience and… Read more »
The 2020-2021 Budget, to be delivered by the Treasurer next Tuesday, will be arguably one of the most important, if not the most important since the end of the Second World War. This year, the global economy is forecast to contract by around 4.5%. The world economy during the GFC declined by 0.1%. So in… Read more »
The Australian government’s lifeline to small businesses and the unemployed – JobKeeper and JobSeeker payments – will be extended past their original September cut-off date to continue to provide support during the ongoing coronavirus crisis. Prime minister Scott Morrison announced today that the wage subsidy program and unemployment benefit schemes would extend for a further… Read more »
The 3 things Scott Morrison wants to see before he’ll begin lifting shutdown restrictions in mid-May
Prime minister Scott Morrison says it will be at least a month before governments will look at lifting current shutdown restrictions, but Australia has made real progress in the past month on getting the virus under control and getting economic support in place. “Our attention as a national cabinet is now turning to the road… Read more »
NO MORE HOUSE AUCTIONS: Australia’s shutdown continues as government adds new bans and limits on public gatherings
NEW LAWS FROM MIDNIGHT, MARCH 25 BANNED International travel (except for essential workers) Real estate auctions, open houses, and other auctions Food courts in shopping centres, except for takeaways (shopping centres remain open) Wellness and yoga centres, barre and spin facilities Indoor and outdoor play centres, youth centres and swimming pools Social sporting activities Spas,… Read more »
SMEs will receive at least $20,000, and up to $100,000 in 2020, to keep employing staff Sole traders who lose more than 20% of income will be able to access their super The government will guarantee 50% of unsecured business loans up to $250,000 The bankruptcy laws will be softened, along with company director personal… Read more »
Prime minister Scott Morrison says the government will advise against mass gatherings of 500 or more people in an effort to stem the transmission of coronavirus, with the advice coming into effect from Monday. Morrison announced the policy following a meeting of the Council of Australian Governments (COAG) in Western Sydney on Friday. Earlier in… Read more »
Open banking will be phased in with all “major banks” to make data on credit and debit card, deposit and transaction accounts available by 1 July 2019.
Australia’s small businesses may see some relief this financial year with Treasurer Scott Morrison announcing the extension of the $20,000 instant asset write-off in the 2018-19 Federal Budget.
The ACCC is launching an inquiry into the impact of digital platform providers like Facebook and Google on competition in the media and advertising markets.
Scott Morrison warned today that the tech sector must do more to explain the benefits of leveraging technology to wider Australia.
The Federal Government has today revealed a new legislative package that will allow private companies to access equity crowdfunding.
ASIC has announced it will be opening applications for CSF licences, allowing eligible public companies to sell shares through a licensed intermediary.
I am wary of the obsession in the startup ecosystem of needing to use certain buzzwords in order to feel validated by Australian society and our Government.
Budget 2017 highlights focus on building regional capabilities and wait for 2030 Strategic Plan on innovation
Though innovation may not have been a big part of Morrison’s speech, there are hints buried in the budget papers that maybe something is in the pipeline.