The Federal Government is acting to improve the integrity and operation of the business tax system by introducing legislation to close loopholes in the tax consolidation regime that create unintended tax outcomes, Minister for Revenue and Financial Services, Kelly O’Dwyer has announced. According to Minister O’Dwyer, the tax consolidation regime, in allowing wholly-owned corporate groups […]
Twelve Australian businesses have been selected by the Federal Government to receive a combined $5.4 million worth of grants to help them commercialise their innovations. The Accelerating Commercialisation Grants, which provided under the Federal Government’s Entrepreneurs’ Programme, are available to businesses that have novel intellectual property with high growth potential. The aim to is to […]
The Institute of Public Accountants (IPA) has called for the Federal Government to improve the financial outlook of SMEs by introducing a loan guarantee scheme and legislating maximum payment times for business-to-business transactions. In its 2018 pre-Budget submission, the IPA – a professional accounting body representing 35,000 accountants, business advisers, academics and students – made […]
Better access to international talent. The continued democratisation of tech. More startups with global ambitions. Less innovation ‘tire kicking’ from government. Less tall poppy syndrome. More incentives for investors to back seed-stage ventures. More opportunities for female founders and entrepreneurial university students. These are just some of the things startups would like to see come to […]
The cardboard box of business receipts are now closed for small business owners across the country and it’s time to move from dealing with accountants and tax agents to focusing on the future. Getting things right for the next phase of growth comes down to setting the right foundation. So, how can you ensure you’re […]
The Turnbull Government has drafted legislative reforms to support investment in innovative fintech companies by venture capital and angel investors, Treasurer Scott Morrison has announced. Released yesterday for a public consultation period ending Friday, 10 November, the exposure draft of the Treasury Laws Amendment (2017 Measures No. #) Bill 2017 proposes amendments to the Tax […]
Today marks the official opening of an employment hub created by the NSW and Federal Governments to place Western Sydney jobseekers in apprenticeships, traineeships and other construction-related careers. The Northern Road Employment and Training Hub at Penrith will train up local jobseekers to work on infrastructure projects as part of the NSW and Federal Governments’ […]
Government moves to reduce regulatory barriers to challenger banks entering the market should improve access to finance for small business, according to Australian Small Business and Family Enterprise Ombudsman (ASBFEO). The Ombudsman, Kate Carnell, welcomed news that the Treasury is consulting on proposed changes to the Banking Act, which would remove restrictions on the use […]
One of the things we need to contend with as game developers is the idea among those outside the industry that what we produce is nothing more than frivolous entertainment. This is quite clearly the implication of the Federal Government policy towards the games industry, where we’re not provided support nor funding on any level, […]
Corporate accelerator Slingshot and the University of Newcastle (UON) have been jointly awarded $475,000 by the Federal Government to establish a two-year program that will support up to 16 start-ups in the Hunter region of NSW. In addition to supporting local entrepreneurs to scale their businesses, Slingshot expects the Integrated Innovation Network (I2N) Regional Accelerator […]
