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Whilst largely satisfied with the way the Budget has catered for women, female founders are saying there is room to create greater opportunities for support. The landmark 2020/21 Budget on Tuesday evening included $231 million for the second Women’s Economic Security Package. This includes $35.9 million to increase the number of co-funding grants to women-founded […]
The 2020-21 Budget delivers the biggest Australian deficit since World War 2. The Government’s fiscal stimulus of $51 billion during the GFC pales in comparison to the $257 billion in spending unveiled by the Treasurer yesterday. We asked leading Australian economists for their first impressions on the budget and how it affects business investment in […]
This year, Australia will see a $213.7 billion deficit. “Our economic response has come at a significant cost,” said Treasurer Frydenberg in his address on Tuesday evening. The deficit is expected to fall to $66.9 billion by 2023-24. Net debt will increase to $703 billion (36 per cent of GDP this year) and peak at $966 billion (44 […]
This evening the Federal Budget will be announced by Treasurer Josh Frydenberg in Parliament House in Canberra. Having been deemed by Prime Minister Scott Morrison the “most important budget since World War II”, the Government will this evening lay out their plan for economic recovery from the recession created by the COVID-19 pandemic. Follow the […]
As the Federal Government hands down the “most important budget since World War II” this evening, Australians can expect to see further tax cuts and a $200 billion deficit for the 2020/21 financial year. Whilst having been warned of a debt and deficit disaster, the government has acknowledged that to grow the economy they should […]
The world has watched US politics this year with a mixture of dismay, amusement and confusion. One of the most controversial political skirmishes this year is being fought over the US Supreme Court, after the death of Justice Ruth Bader Ginsburg on the 18 September left a vacancy that Republicans and Democrats have been vying […]
Today the Prime Minister Scott Morrison delivered his pre-budget speech on “arguably one of the most important” budgets since the end of the second world war. The 2020-21 budget, which will be announced next Tuesday, comes at the heels of Australia’s worst economic contraction after being hit by the global pandemic, bushfires and drought. “This […]
Cryptocurrencies have had a rocky road towards mainstream acceptance. In 2017, the CEO of JP Morgan, Jamie Dimon, called bitcoin “a fraud”. However in 2019, JP Morgan became the first US bank to successfully test its own digital coin. The growth of digital currency has enthralled investors. Bitcoin, the world’s largest cryptocurrency by market […]
Conflict management is an often overlooked but crucial skill to business and entrepreneurship. The ability to cultivate and maintain good relations is essential for growth. However, when relationships become tense it is important to have the right tools to ensure that you and your team are able to maintain professionalism and a collegial culture. This […]
Having customers adhere to your trading terms is a perennial challenge for business owners, and being paid on time can be the difference between business survival and failure in a COVID-19 landscape. Enter DebtForce: a law firm-backed start-up that offers a quick, intuitive AI-powered platform which simplifies and speeds up debt recovery. The platform enables […]
Drone company Emesent is taking pilotless aircraft to new heights, with autonomous technology allowing miners to access unchartered spaces, and defence forces to survey unnoticed. After working together with the CSIRO on projects involving large organisations such as Boeing and Queensland Government, Founders Stefan Hrabar and Farid Kendoul used a combination of SLAM technologies and […]
The Federal Government has announced changes to responsible lending laws in the hopes of boosting Australia’s flow of credit. Under the changes, consumers will be able to access credit more easily and quickly. Whilst responsible lending provisions do not apply to small business lending, these reforms have a large impact upon household credit. “As Australia […]
Aussie Broadband, Australia’s fifth largest provider of NBN services, is set to list on the ASX this October. The ISP will list with a $180.5m to $190.5m market capitalisation. The announcement comes at a time where activity in the IPO market has been hugely destabilised by the pandemic. “The coronavirus pandemic has impacted the appetite […]
Zoho, a software solutions company, provides integrated tech solutions for businesses globally. They offer 45+ integrated apps, ranging from CRM to financial management. We talked to Vijay Sundaram, Chief Strategy Officer at Zoho, about their current work and their passion for helping small and regional businesses through these challenging times. Tell us a little about […]
The Federal Government has released a $4.5 bn network investment package, involving a $3.5 bn upgrade of the National Broadband Network (NBN). By 2023, more than 700,000 businesses and 6 million homes will have the option to pay extra for faster broadband. $3.5 bn will be allocated to network investments for homes and small businesses, […]
The Federal Government has announced new insolvency rules that will allow small businesses to stay afloat whilst restructuring debts. This new insolvency regime is proposed to start from 1 January 2021, following the lifting of temporary insolvency measures introduced in March 2020. Related: Government extends temporary insolvency and bankruptcy protections Incorporated businesses with liabilities less […]
At Tesla’s “Battery Day” event on Tuesday, CEO Elon Musk announced the production of a US$25,000 electric vehicle (EV) “about three years from now”. Importantly these EVs will be powered by “tabless” batteries that Musk promises will be cheaper and more powerful. The new “tabless” batteries, called 4860 cells, will provide five times more energy, […]
Enterprise resource planning (ERP) is a form of software that can help businesses keep on top of their myriad management responsibilities. ERP focuses on a central database that can help manage business operations, from supply chains to accounting. This can help streamline operations across multiple departments, reducing miscommunication or data duplication. This week, we discuss […]
Working from home has increased the use of residential energy across Australia, leading experts to call for households to switch to renewable sources. Through April, residential energy in New South Wales increased by 10 per cent, and in Victoria by 12 per cent. Ross Sharman, the founder of EnergyIQ and an integral member of the […]
Fewer women are running the country’s top 200 ASX-listed companies in 2020 compared to the last four years, according to the Chief Executive Women (CEW) ASX200 census report released last week. The report found that the amount of female CEOs of the ASX200 companies has declined from 14 to 10 since 2018. It also found […]
