Tensions between China and Australia are steadily increasing as the Chinese government continue to stop Australian imports. This is said to be due to Prime Minister Scott Morrison calling for an inquiry into the origins of COVID-19. China has threatened to slap major tariffs on many Australian industries, possible resulting in a $6 billion blow […]
A $32 billion investment in renewable energy will be unlocked under the NSW Government’s new plan to cut down on the state’s emissions, reduce reliance on coal and create new jobs. The government said the plan would “cut red tape” to speed up approvals for transmission infrastructure in renewable energy zones in the Central west and New […]
Australian fintech Verteva today announced it has rebranded to Nano and written its very first home loan via mobile, as it prepares to disrupt the mortgage industry. The company, run by two former Westpac execs, has also begun official beta testing and welcomed family and friends to experience its home loan product and platform ahead […]
Australia’s peak small business group has said the Government’s JobMaker hiring scheme is “lacking in detail” and prone to fraudulence. Treasurer Josh Frydenberg unveiled the JobMaker hiring credit in last month’s budget to incentivise businesses to hire young job seekers over the next 12 months. It is expected to create around 450,000 positions for young Australians […]
The role of corporates and financial institutions will be instrumental in planning for and supporting economies and communities as Australia transitions from coal-fired electricity to a low carbon world, according to a new report. The report, Just Transition: Implications for the Corporate Sector and Financial Institutions in Australia, prepared by the Institute for Sustainable Futures […]
Parental Leave policy is something all businesses need to consider. While there are legal requirements for organisations to adhere to, there are extra steps that can be taken to separate one business from another and assist those taking care of children. However, these steps may come at a cost to the business. In today’s Let’s […]
Australian fintech Beforepay has today announced the successful completion of its AU$4 million Series A capital raise. The round, which closed in nine days and was oversubscribed, brings the total amount raised this year to over AU$6 million. The AU$4m Series A round was led by venture capital investor, Airtasker Chairman and Vocus Communications founder […]
The Reserve Bank of Australia (RBA) has today revealed a new wave of measures put in place to help stimulate the country’s economic recovery through increased borrowing. Those measures include lowering the benchmark interest rates from 0.25 per cent to 0.10 per cent, a reduction in the interest rate on Exchange Settlement balances to zero and the […]
New research has shown the coronavirus lockdown has reignited Australia’s love for shopping locally, with 91 per cent claiming they are now spending up to $200 per week on their local high street. Takeaway shops, cafes, restaurants and bakeries are among those who have had the biggest bounce since lockdown, according to research commissioned by […]
A 1.75 per cent increase to minimum wages has come into place, as part of the Fair Work Commission’s annual wage review announced in June. Usually, minimum wage increases take effect from the beginning of the financial year. However the wage increases for a number of industries have been delayed due to the effects of […]
