Tag: Government

More guests per household, no compulsory mask-wearing at retail venues, eased restrictions on the square metres spacing rule, and more…

The Federal Government has released a $4.5 bn network investment package, involving a $3.5 bn upgrade of the National Broadband Network (NBN). By 2023, more than 700,000 businesses and 6 million homes will have the option to pay extra for faster broadband. $3.5 bn will be allocated to network investments for homes and small businesses, […]

The Federal Government has announced new insolvency rules that will allow small businesses to stay afloat whilst restructuring debts. This new insolvency regime is proposed to start from 1 January 2021, following the lifting of temporary insolvency measures introduced in March 2020. Related: Government extends temporary insolvency and bankruptcy protections Incorporated businesses with liabilities less […]

Government measures to prop up zombie businesses through the pandemic could actually be harming Australian small businesses, with new data showing company wind-ups have all but ceased in the past quarter. Prushka Fast Debt Recovery revealed through data sourced from court records that the Australian Taxation Office and other government agencies, typically the largest source […]

New research has revealed that 30 per cent of Australian businesses with customer foot traffic do not use a visitor check-in system that complies with their State Government directives, and 21 per cent do not use a check-in system at all. West Australian businesses are the least compliant, while NSW businesses are ahead of the […]

The government has released more detail about the much-anticipated changes to the JobKeeper program. In a press conference, the Prime Minister, the Hon Scott Morrison and the Treasurer, the Hon Josh Frydenberg announced a new and more targeted version of the JobKeeper program will commence from October 2020. The changes will take effect from 28 […]

The vast majority of SMEs want stimulus measures to be extended further to help them recover from the impacts of the pandemic. This is according to Wave 11 of ACA Research and TEG’s COVID-19 Tracker (published 2 July) which shows that 75% of SMEs want current stimulus measures extended until 2021. The results are part of […]

With speculation that hundreds of businesses – dubbed ‘zombie businesses’ – are being propped up by Government stimulus and will potentially fold in September, new figures suggest that the problem could we bigger than we anticipate. New research reveals: 62 per cent of SME business owners have been on the brink of folding their businesses […]

JobKeeper is the definition of policy made on the run. At the time, it was very important to roll something out quickly to cushion the full brunt of the economic fallout of COVID-19. However, now that the scheme has been running for a few weeks, and with recent developments around the scheme’s true cost, there […]

Yesterday, in an announcement, Scott Morrison revealed a ‘JobMaker’ plan to strengthen and grow the economy post-lockdown by focussing on equipping Australians with in-demand skills, assisting key industries such as manufacturing, working on a new tax system and more. He said that the emergency stimulus measures had kept the economy going but that it was […]