News & Analysis

Brewery startups are hopping mad about falling through the cracks in the government’s $200 billion stimulus package

- April 9, 2020 3 MIN READ

While the Morrison government’s $130 billion JobKeeper package and a range of other measures to help businesses survive the coronavirus crisis have been widely welcomed, Australia’s nascent boutique brewery industry fears it’s been completely overlooked in the stimulus efforts. Parliament passed the massive wage subsidy plan on Wednesday, but the government resisted attempts to expand… 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 »

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

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

Queensland tips $4 billion into health and economic stimulus

- March 24, 2020 3 MIN READ

Queensland Premier Annastacia Palaszczuk has announced a $4 billion economic stimulus package as the state prepares to close its borders to non-residents from midnight Wednesday. Queensland reported a further 78 cases of COVID-19 today, the majority in the state’s south-east corner. Included in the Premier’s stimulus package is $1.2 billion to ramp up the state’s… Read more »

News & Analysis

Australian banks are giving small business an $8 billion, six-month reprieve on loan repayments

- March 20, 2020 2 MIN READ

Banks will offer small businesses a six-month deferral on their business loan repayments as part of the finance sectors response to Covid-19. Australian Banking Association CEO Anna Bligh said the move will “deliver up to $8 billion back into the pockets of small businesses” across more than $100 billion worth of business loans Bligh said all… Read more »