Business groups have voiced their support of the NSW Budget, saying the state is in a good position to create more jobs, improve tax and services and support the economy out of the coronavirus recession. The budget was presented on Monday by state Treasurer Dominic Perottet at NSW Parliament. It revealed a record $107.1 billion […]
The NSW Government today unveiled the 2020-21 landmark budget for the state, to enable a “strong recovery” out of the coronavirus recession. In an address presented by NSW Treasurer Dominic Perrottet at Parliament House in Sydney, the Treasurer said: “This Budget continues to support the industries that have made our regions so successful for so […]
H2X Marine, the new boat building arm of Australia’s leading Hydrogen Fuel Cell Vehicle manufacturer, has partnered with Brisbane small business, Wildcat Marine, to commence construction on ferries powered by renewable energy. The company will initially produce a range of zero-emission passenger ferries for industrial and commercial use each driven by Hydrogen Fuel Cell technology. […]
The largest trade deal in history was signed on Sunday, with 15 countries including Australia agreeing to the pact, which covers 2.2 billion people and 30 per cent of the global economy. The agreement, the Regional Comprehensive Economic Partnership, or RCEP, which has taken eight years to negotiate, surpasses the Trans-Pacific Partnership (TPP) in scale, […]
The Australian Securities and Investments Commission (ASIC) released its long-awaited report on the Buy Now Pay Later (BNPL) sector on Monday, revealing that some consumers have cut down on meals due to debts, and showing that one in five consumers are missing payments. However, the financial watchdog stopped short of recommending the sector be regulated […]
With the announcement of Joe Biden’s win over the US election earlier this week comes news from experts that Australian SMBs are likely to see more stability moving forward from a volatile period. However, while hopeful, many are also saying that it is impossible to predict how the market will shift moving forward, and therefore […]
The local network of the UN Global Compact, the Global Compact Network Australia (GCNA), today launched The Australian Business Guide to Implementing the UN Declaration on the Rights of Indigenous Peoples, written in collaboration with KPMG Australia and the University of Technology Sydney (UTS). Designed to complement the global business reference guide for the United […]
Melbourne based events business Woohah Productions have pivoted their 19-year-old business to adjust to coronavirus lockdowns and revenue declines, resulting in major growth for the business during an exceptionally tumultuous period. It was estimated that cancellations in the Australian events sector would account for the loss of $35 billion and 92,000 jobs for the economy […]
The Federal Government has announced they will extend the $16.8 billion JobSeeker supplement payment, at a reduced rate, until the end of March 2021. JobSeeker will reduce from $815 a fortnight to $715 a fortnight from December. The Government added a coronavirus supplement onto the JobSeeker payment at the start of the COVID-19 crisis. That […]
Australian sustainable packaging startup Planet Protector Packaging has been one victim of the Chinese-Australian trade tensions, after their deal to provide the packaging of rock lobster exports was put on hold. Planet Protector Packaging (PPP) was established in 2016 in response to the global plastic waste crisis. Their product aims to eliminate polystyrene from supply […]
