News

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...

‘Buy now, pay later’ companies don’t need regulation, Senate finds

Consumers using buy now, pay later services won't have legal protection as companies such as Afterpay and Zip are being called to 'self-regulate'. This...

“A fancy IKEA pack”: Australia’s own flat-packed electric vehicle

Australian startup ACE EV has unveiled their plans for Australian-manufactured electric cars, made from imported flat-pack vehicle kits. From 2019-2020 there was a 40 per...

Fair Work Commission releases draft flexible working clauses

Employers breathe a sigh of relief as the Fair Work Commission releases draft flexibility clauses that help employers and employees discuss flexible working arrangements...

Facebook threatens to block Australians from sharing news

Facebook is threatening to ban news from being shared on its platforms in Australia, due to a new regulatory code that would force themselves...

Changes to NSW Victorian border closure to assist local businesses

Key changes will be made to ease restrictions on the NSW Victorian border to help residents and local businesses operate as Victoria continues to...

Pandemic Leave Disaster Payment offered to Victorian workers living in NSW or SA

People who live in New South Wales and South Australia but work in Victoria are now eligible for a $1,500 Pandemic Leave Disaster Payment...

Daniel Andrews to unveil roadmap to “COVID-normal” this Sunday

Premier Daniel Andrews will release his reopening roadmap for Victoria this Sunday, September 6th. In a statement released today, the Victorian Government has said they...

SMEs expecting salaries to be frozen for the next 12 months

47 per cent of small to medium enterprises expect salary increases to be frozen for at least 12 months, according to a new study...

Josh Frydenberg critiques Daniel Andrews’ response to COVID-19

Treasurer Josh Frydenberg has lashed out at Victorian Premier Daniel Andrews over the premier's handling of COVID-19 during a heated interview with ABC News...

Regional, small and medium-sized businesses prioritised in procurement

The NSW government announced today that regional, small and medium-sized businesses will be prioritised for all direct procurements up to $250,000. Deputy Premier and...

Afterpay doubles revenue and partners with Worldpay to go global

Despite the global economic slow-down, the shift to online spending and move from traditional forms of credit have boosted Afterpay’s position domestically and internationally. Afterpay...

Small business recovery grants closing soon

NSW small businesses have less than a week left to apply for the Small Business Recovery Grant. The Grant was opened up to small businesses who employ less than...

ANZ offers $200,000 loans to small businesses

ANZ today launched a new digital lending platform to provide a conditional $200,000 to small businesses in unsecured lending in as little as 20...

Energy consumers in Victoria to receive support until March 2021

The Victorian Essential Services Commission announced this week that it will introduce new mandatory requirements for energy retailers to provide "reasonable" assistance to small...

R&D tax incentive inquiry delayed a third time

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...

$1 billion defence investment to rebuild the economy

The Morrison Government has announced they will invest $1 billion into the Australian defence industry to help create jobs in SMEs and stimulate the...

$45 million available for businesses impacted by NSW-Victoria border closure

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...

Beverages group Lion blocked from $600 million deal with Chinese distribution company

A deal to sell the company behind some of Australia’s most popular milk brands to a Chinese firm has been called off. Lion Dairy and...