News

“Jobs, jobs and more jobs”: $3bn NSW infrastructure spend

The NSW Government have revealed plans for the $3 billion Jobs and Infrastructure Acceleration Fund to deliver more projects and create up...

Facebook offers $100 million to small businesses

 Facebook’s Small Business Grants Programme is offering USD $100 million in cash grants and ad credits to small businesses.

Video conferencing available for legal document witnessing

Video conferencing technology will continue to be used to witness legal documents such as wills, powers of attorney and statutory declarations.

“We’ve got to get the gas”: Prime Minister’s COVID-19 recovery plan

The Morrison government has announced they will back the construction of a gas-fired power station in plans to prevent an energy price...

$100 million for Victorian sole traders

The Victorian government have announced a $100 million support package for sole traders to recover from COVID-19, one day after revealing plans...

Businesses call Victoria’s $3bn support package “a band-aid solution”

The Victorian Government's plans to release a $3 billion support package to businesses has been met with apprehension from business owners.

NSW Government releases ’24-Hour Economy’ Strategy

The NSW Government has released a 24-Hour Economy Strategy to revamp Sydney’s nightlife, support local businesses and create more jobs in the...

Government extends temporary insolvency and bankruptcy protections

To support businesses experiencing financial distress throughout COVID-19, the Australian Government introduced measures to relax insolvency and bankruptcy rules in March. These...

Guidance needed on JobKeeper subsidised R&D and transfer pricing rules

Early this week, the Tax Institute of Australia (TIA) called for guidance material on the JobKeeper scheme in relation to the R&D...

ESG a growing global investment trend: Research

Environmental, social and governance (ESG) concerns are a rising trend in investment decision-making globally. Between 2016 and 2018, the...

As Australian fintech VC investment climbs, merger activity declines

A new report from KPMG finds investment in Australia’s fintech sector has accelerated in the first half of 2020, reaching US$376.5 million. This is...

Applications for research grants valued up to $1m close tomorrow

Applications for the Business Research and Innovation Initiative (BRII) grant close tomorrow, 10 September 2020 5:00 pm AEST. Under...

Contact tracing in Victoria upgraded with US tech giants

The Victorian Government has contracted with tech giants Salesforce and IBM to digitise their contact tracing efforts after being slammed by the...

VIC Government should go back to the drawing board: ACCI

The Australian Chamber of Commerce & Industry (ACCI) has put out a statement arguing that the Victorian Government’s roadmap for reopening Metropolitan...

Is Australia’s decline in voluntary administrations actually bad news?

New data has revealed voluntary administrations have significantly reduced during the COVID-19 pandemic, reflecting the uncertain mindset of small business owners. However,...

Broken Victorian businesses should be spared closure costs: Ombudsman

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has called on the Victorian Government to cover the costs associated with...

Senate recommends more clarity for software startups on RDTIs

The Senate Committee on Financial Technology and Regulatory Technology has recommended that the Australian Government provide greater clarity around the Research &...

First-ever AI strategy released by NSW government

The NSW Government has released its first AI strategy to create jobs and improve services to citizens. Premier Gladys...

Australia facing its worst economic contraction in history

The ABS confirmed Australia’s first recession since 1990 after recording two consecutive quarters of economic decline. After being hammered by the pandemic, bushfires and drought,...

SMEs to receive 6 more months of rent relief

Tenants who received rent relief under the COVID-19 mandatory code of conduct will continue to receive concessions for at least six months after October...