Businesses have been plunged into further uncertainty as the Senate inquiry into R&D tax incentive (‘RDTI’) reforms is delayed a third time this year. What do we know so far? The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 (‘the Bill’) was introduced on the 5 December 2019 to reform RDTIs. Treasurer Josh […]
The NSW government has unveiled a $45 million grant program for small businesses and not-for-profits affected by the NSW and Victorian border closure. Eligible businesses along the NSW and Victorian border can apply for the Southern Border Small Business Support Grant from 8 September to 18 October 2020 via the Service NSW website. Premier Gladys […]
The Australian Cyber Security Centre (ACSC) have warned that a surge of scams and malicious cyber security threats have hit businesses since March 2020. We explore what this means for SMEs and how you can protect your business. What are the major cyber security risks facing SMEs? Research from the ACCC revealed that business email […]
The Australian Competition and Consumer Commission (ACCC) has accused Google of releasing “misinformation” about the Federal Government’s plan to make them bargain with Australian news companies over payments for news content. Last month the ACCC delivered a draft code of conduct (the draft News Media Bargaining Code) governing bargaining between Google, Facebook and news media […]
Many businesses are unsure about whether they should ask employees to return to the workplace. We’ve taken a look at the different approaches that some companies have taken. What are some of the current approaches to returning to the workplace? Marie-Anne Lampotang, General Manager at Stone & Chalk in Sydney, noted that many start ups […]
On Monday 17 August, the Deputy Premier and Minister for Regional NSW, Industry and Trade John Barilaro announced a $12 million Going Global Package to bolster the export capabilities of eligible NSW businesses. “Helping home-grown businesses succeed in the global marketplace is more important than ever before and here in NSW we have some of […]
Personal/carer’s leave must now be ‘calculated by reference to an employee’s ordinary hours of work’, reverting to the method of calculation prior to August 2019. On 13 August 2020, the High Court of Australia changed how paid personal/carer’s leave under the National Employment Standards is to be accrued (see Mondelez Australia Pty Ltd v AMWU […]
Proposed changes to R&D tax incentives (RDTIs) could reduce future R&D expenditure, undermining innovation and the development of new industries in the long-term. In 2017, Australia’s R&D expenditure sat at 1.787 per cent of GDP, far below the then OECD average of 2.342 per cent of GDP. Changes in RDTIs will potentially drive this rate […]
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