Following last night’s budget announcement, business leaders and security advocates say that they are unsurprised by the huge investment, but believe that more can be done to combat the looming cybercrime threat. Treasurer Josh Frydenberg revealed a new, 10-year $9.9 billion investment in Australia’s offensive and defensive cyber capabilities. “This […]
Day: 30 March 2022
Budget 2022 update: Visa relaxations, revamps foreign investment framework
The Government has relaxed certain work restrictions for a range of visas including eligible Student and Working Holiday Maker (WHM) visa holders, and extended visas for certain engineering graduates negatively affected by COVID19 travel restrictions, providing support to businesses and aiding Australia’s economic recovery. Access our Full Coverage of Budget […]
Budget 2022 update: provides tax breaks, red tape reduction
Access our Full Coverage of Budget Release from Here The Government will increase the low and middle-income tax offset (LMITO) for the 2021-22 income year. LMITO is targeted at low and middle-income earners that are most susceptible to cost of living pressures. The Government is responding in a temporary, targeted […]
Budget 2022: Tech talent visas & education top SME wishlist
As the country continues on its path toward economic recovery, millions of Australians eagerly await the announcement of the Federal Budget later today. For many small business owners, there is one important question in mind: will the Budget acknowledge and address the country’s tech talent shortage? “Australia’s pool of tech […]
Budget 2022: Aus Fintech wishlist prioritises digital initiative funding
From wanting strict bank license red tape eased to wanting more funding for digital initiatives, Australia’s sectors want more to be done and Fintech is no exception. Ahead of tonight’s Federal Budget, the national fintech association Fintech Australia, wants the government to focus on R&D, expand overseas outreach, and attract […]
Budget 2022 update: Budget backs skills and digital adoption for SMEs as Australia seeks a quick recovery
The Government is continuing to invest in Australian apprenticeships to ensure businesses have the skilled workforce they need. Access our Full Coverage of Budget Release from Here The Government is introducing skills and training boosts to support small businesses to train and upskill their employees. The boost will apply to […]
What’s in it for tradies? Fog over workforce woes is likely to lift in the upcoming budget
With the budget only a few hours away, the government is expected to announce a substantial financial package for trades, allowing hundreds of thousands of Australians to train for skilled jobs in several industries. In a pre-budget announcement, treasurer Josh Frydenberg already stated that the budget would support Australia’s future […]
Budget 2022 update: Budget delivers regulatory relief, fuel excise cut
The Government continues to reform Australia’s regulatory environment to ensure the economy remains productive, competitive and agile. Access our Full Coverage of Budget Release from Here The Government will forgo receipts of $64.9 million over 3 years from 2023 to 24 to streamline fees associated with Australia’s Business Registers as […]