News
National employment organisation The Australian Industry Group (AiGroup) has today released a report outlining issues arising associated with Australia’s ports, saying if they are not addressed it could have a significant impact on the country’s economic recovery from COVID-19. The report says that as an island nation, 98 per cent of Australia’s trade goes through […]
As part of its recently announced Digital Business Plan, the Federal Government has committed AUD3.6 million towards mandating the adoption of electronic invoicing for all Commonwealth government agencies. The move aims to encourage greater adoption amongst businesses supplying to government and within their supply chains. The mandate comes into effect as of 1 July 2022 and […]
Canva and TikTok are among the growing number of companies supporting #ThePreventionPact, which aims to reverse the 45 per cent drop in cervical cancer screening rates in Australian in 2020. Created by Australian healthtech platform HealthMatch in partnership with the Australian Cervical Cancer Foundation (ACCF), #ThePreventionPact aims to put cervical screening back on the priority list for busy women who […]
Mining company Fortescue Metals Group, industry superfund Cbus and professional services firm Aurecon are the most recent companies to sign on to the Australian Industry Energy Transitions Initiative. The initiative is a collaborative effort for industry and business leaders to collectively learn, develop research and take actions that move broader industry sectors towards net zero […]
More than 50 per cent of Australians intend to travel in the next six months, says Tourism Australia. Australia’s tourism industry, which employs 5 per cent of Australia’s workforce, has experienced a tough year, impacted by bushfires, the pandemic and interstate and national border closures. However, industry experts have observed a growing Australian sentiment towards […]
One of Australia’s largest construction companies, Grocon, has gone into administration, leaving subcontractors at risk of unpaid contracts. Grocon is known for developments such as Melbourne’s casino, Eureka Tower and the Rialto Towers. Grocon’s chief executive, Daniel Grollo, blamed its administration on Infrastructure NSW for its handling of the Central Barangaroo project. “It is unfortunate […]
Australia’s burgeoning space industry has the potential to unlock a raft of economic opportunities. However the industry’s success depends on the Government’s willingness to look beyond university-led research and recognise the crucial role that businesses play in driving innovation. When Adam Gilmour, Co-founder and CEO of Gilmour Space, first set out to grow Australia’s domestic […]
Australia businesses should prepare to take at least two decades to build new opportunities in the Asian market, says RBA governor Dr Philip Lowe. On Wednesday, Dr Lowe addressed the Australian Strategic Forum, noting that Australia is in a fantastic location in the world, closest to some of the fastest-growing regions. “[Australia’s relations with India […]
As the world continues to shift in a “green direction” and Australia heads towards a target of net-zero emissions, it is becoming increasingly important for SMEs to be looking to renewable energy sources to power their businesses. Currently, only 46 per cent of all Australian businesses are using renewable energy, and of those users, two-thirds […]
The NSW Government is giving every adult $100 in vouchers to spend on dining and entertainment in a bid to resuscitate small businesses that have been among the most affected by the recession. Anyone over the age of 18 will receive four $25 vouchers to be used at COVID-Safe venues across the state, through the […]
On Monday, the CSIRO’s Data61 and the Australian Trade and Investment Commission (Austrade) released a report Global trade and investment megatrends detailing the five megatrends that will reshape global trade and investment during and post-COVID-19. A megatrend is “a deep-set trajectory of change occurring at the intersection of multiple trends and drivers.” The five megatrends […]
Thousands of businesses may be entitled to insurance payments after the NSW Court of Appeal held that COVID-19 related losses are not excluded under certain insurance policies’ business interruption clauses. The NSW Court of Appeal’s decision on Wednesday involved insurer HDI and one of its businesses, however the findings have widespread implications for other insurers […]
As online shopping merges with entertainment and celebrity culture, retailers with a fun sales process will be the winners according to Maggie Zhou, Managing Director of Alibaba Group (Australia and NZ). Ms Zhou made this observation during Alibaba’s 11.11 Global Shopping Festival, which has been held on 11th November for the last 12 years. The 2020 event […]
Small businesses will have more opportunities to supply goods and services to the NSW government under the $5 mn tendering support service established under the 2020-21 NSW Budget. The NSW Small Business Commission will deliver a four-year program to support small and local businesses submit tenders and negotiate Government contracts. “The NSW Government spends more […]
The NSW government 2020-21 budget has revealed the state’s payroll tax threshold will increase from $1 million to $1.2 million benefiting 36,000 businesses. The payroll tax rate will drop to 4.85 per cent from 5.45 per cent backdated to 1 July 2020. This is a temporary payroll tax rate decrease for FY2020-21 and FY2021-22. NSW […]
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 […]
Epic Games, the maker of one of the world’s most popular video games Fortnite, has brought its legal fight against Apple to Australian shores. Epic Games and Apple first became embroiled in a lawsuit in a US District Court on 13 August 2020. The claim filed in Australia’s Federal Court today concerns the same issue […]
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 […]
Volatility is a broad term, used loosely by many in the financial world. Sometimes it relates to price movements, while at other times, it is synonymous with risk.The stock market can be a tumultuous place, with wide-ranging annual, quarterly and even daily swings across all industries. Although this volatility can present significant investment risks, for […]
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. […]
