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 Drinks – home to Big M, Dare Iced Coffee and Yoplait yoghurt – was to be sold to Chinese company Mengniu Dairy as announced by Japanese company Kirin in November […]
It’s good news for Sydney-based businesses after the announcement that Vivid Sydney will be returning for 2021. This will be the 12th year the award-winning light show will run, with it being cancelled in 2020 due to the coronavirus pandemic. Jan Mackenzie is the Head of Operations at Cafe Sydney – a rooftop restaurant on […]
The Australian Parliament returns today after a 10 week coronavirus break, with JobKeeper and JobSeeker up for discussion. For the first time in Australian parliamentary history, the sitting will take on a hybrid meeting structure with many members expected to join via video conferencing. In late July, the Government announced that both the JobKeeper wage […]
Among the most affected by the COVID-19 pandemic, gig workers now have the option for broad insurance coverage thanks to Australian insurtech startup. Research has shown that gig workers are among the workers most impacted by the pandemic, with almost 70% saying they are now entirely without income. Over half of gig workers have lost […]
The Australian Tax Office (ATO) has implemented changes to the JobKeeper employee eligibility rules with immediate effect. The key change to the JobKeeper rules is that the previous 1 March 2020 employee eligibility date has been updated to 1 July 2020. This means that there is now a larger catchment of people eligible for JobKeeper. […]
A new study has shown that finding a job in Australia is twice as competitive as the beginning of the year, despite the job market improving. With the unemployment rate being the highest it has been since 1998, many Australians now find themselves searching for work. The study by LinkedIn shows that while the job market […]
In the months following the onset of COVID-19, startup incubators are being asked to prove their worth to funders, or risk being discontinued. With the Australian economy continuing to contract and greater financial pressure being put on both the private and public sector, funding to entrepreneurs seems to have taken a back seat. James Alexander, […]
Significant reforms to the Foreign Investment Review Board (FIRB) process has resulted in long approval delays for Australian startups raising capital from foreign investors. Many Australian startups raising Series A & B rounds often have to rely on foreign investors to complete their rounds as they are often larger than what local investors can allocate. These delays […]
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