Tag: Federal Government

The Federal Government will “carefully consider” a strategy, prepared by Innovation and Science Australia (ISA), to transform Australia into a “top tier innovation nation” by 2030, Minister for Jobs and Innovation, Michaelia Cash has announced. Released this week, ISA’s Australia 2030: Prosperity Through Innovation report contains 30 recommendations for creating a high performing innovation system, […]

Specialist advisers can now apply for grants from the Federal Government to help small business employers in metropolitan and regional areas take advantage of digital opportunities. As part of its Australian Small Business Advisory Services (ASBAS) program, the Federal Government will invest up to $18.02million over three years on the provision of low cost, high […]

Federal Government agencies are paying 96% of their small business contractors within thirty days of receiving an invoice, according to a new report. Minister for Small Business, Michael McCormack said the latest Pay On-Time report also found agencies were paying 60% of invoices up to $1 million within 20 days, and that the overall results […]

The Federal Government will begin paying small business suppliers ten calendar days sooner to improve their cashflow, it has been announced. Under the Government’s revised ‘pay on time’ policy, Small Business Minister Michael McCormack said federal agencies and entities will be required to pay invoices for contracts worth up to $1 million within 20 calendar […]

Nearly 300,000 small businesses have taken advantage of the Federal Government’s $20,000 instant asset tax write-off scheme, according to 2015-16 tax office data. The data was revealed by Minister for Small Business Michael McCormack, who described the instant asset write-off program as a “shot in the arm” for small businesses. “The instant asset write-off is […]

The federal government is replacing 457 visas with a new type of temporary visa designed to ‘better target genuine skills shortages’. The announcement was made on Facebook by Malcolm Turnbull who explained “Australian workers must have priority for Australian jobs”. The Prime Minister said the Temporary Skill Shortage (TSS) visa will feature “new requirements including […]

SMEs with revenues up to $50 million will have their tax rates cut after the Federal Government struck a deal with the Nick Xenophon Team (NXT) in the Senate on Friday. Under the deal, which will cost $5.2 billion over the next four years, the tax rate for businesses with turnovers up to $10 million […]

Australian businesses are invited to have their say on the current tax system and its impact on their operations.

The agricultural industry and farmer groups don’t believe the proposed voluntary Food and Grocery Code of Conduct will be enough to protect their interests against the might of the supermarket duopoly.

The Australian National Retailers Association is lobbying the federal government to deliver unrestricted trading every day except Good Friday, Anzac Day and Christmas Day.