The government’s National Broadband Network draft legislation has gone up on the Department of Broadband, Communications and Digital Economy (DBCDE) website, but demand for the document has caused the DBCDE site to crash. The legislation is contained in two separate bills and are available from the below links when the DBCDE site is back up. […]
Tony Abbott took Australia to the cleaners today, visiting the NSW town of Queanbeyan to meet with a dry cleaner operator who it is claimed will be worse off under the Australian Government’s planned emissions trading scheme legislation. Mr Abbott continued to drive home the Coalition’s message that the ETS will be a “great big […]
The Federal Governent has announced it will withdraw its guarantee of bank deposits, instituted during the global financial crisis to prevent investors’ money from being wiped out in the recession. The nation’s top finance regulators—including the Reserve Bank and the Australian Prudential Regulation Authority—advised the treasurer, Wayne Swan, over the weekend that bank funding conditions […]
Employees of liquidated companies stand to receive $150 million through the General Employee Entitlements and Redundancy Scheme (GEERS) if the Federal Government manages to push extra funding through parliament. Initially budgeted at $80 million, the scheme will require almost double the amount to cope with the increase in redundancies. Minister for Workplace Relations Julia Gillard […]
The latest Dun and Bradstreet Business Expectations Survey has revealed that the economy will continue to slide into recession, with the worst yet to come. Expectations for the June 09 quarter are less than promising, with 57 percent of businesses anticipating declining sales and 65 percent expecting declining profits. The sliding Aussie dollar has also […]
In just six-hours, the Federal Government have backpedalled on their plans to introduce paid parental leave into the Fair Work Bill, angering Green’s Senator Sarah Hanson-Young. Senator Hanson-Young has called on the Government to rethink their stance on the issue, claiming that Australian families are “tiring of the Prime Minister’s hollow promises.” “This rapid backflip […]
The Federal Government’s stimulus package will not contribute to a revival of the retail sector, according to a recent forecast issued by consultancy Access Economics.
With the Federal Government’s $900 cash bonus – part of the $42 billion stimulus package – hitting consumer bank accounts today, research conducted by the Australian National Retailers Association (ANRA) has shown that people are divided on whether to spend the money or save it. The ANRA consumer sentiment survey has shown that 22 percent […]
Industry groups are urging the government to extend the first home buyer grant beyond the June 30 2009 cut-off in order to support the economy. The grant has lured first home buyers into the market, with official statistics indicating there has been a significant boost of activity in recent months. Mortgage Choice chief executive Paul […]
Small businesses finding it difficult to attain finance can expect assistance from the Federal Government, says Minister for Small Business Craig Emerson following a roundtable discussion between banks and business groups late last week. If an SME has had an application for credit refused by a financial institution, they will have a second chance to […]
