Australia is a nation of inventors and entrepreneurs. In 1958, we invented the black box flight recorder. A decade later, the cochlear implant was pioneered in a lab at the University of Melbourne. More recently, we’ve seen a proliferation of Australian-made tech giants — from fintech darling Afterpay to $55 […]
Category: Business
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Under pressure: Why optimising working capital should be a top priority for your business in 2022
Found yourself paying more for the goods and services you need to run your enterprise of late? You and every other business owner and manager around the country. That the inflation genie is well and truly out of the bottle is no secret: it’s a cold hard fact and one […]
CSIRO is accepting applications for a free 10-week R&D programme for SMEs in the energy sector
The Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s scientific organisation, has opened applications for a free 10-week programme called Innovate To Grow. This gives businesses the opportunity to identify the R&D opportunities required to capitalise on Australia’s energy transition. The CSIRO’s ‘Innovation to Grow Energy’ programme will help 30 […]
Election 2022: Is sustainability a big election talking point in Australia?
A survey conducted by Griffith University’s Climate Action Beacon found that while climate change concerned a minority of Australians (34 per cent) a decade ago, it was a mainstream issue for the majority of Australians (72 per cent) who demanded government action in 2021. Another survey by Deliverect found that 43 per […]
Funding roundup April 25 – April 29: Online brokerage Stake completes $90 million funding round, ChefPrep secures $3 million and Vyro raises $1 million to create a virtual EV dealership
Dynamic Business brings you the key startup fundraising rounds from this week: Stake has announced the completion of a $90 million fundraising round, cementing its position as the leading brokerage for Australia’s next generation of investors. Following an initial $40 million Series A funding round announced in May 2021, the […]
Election 2022: Labor announces plans to address multinational tax avoidance
Labor has announced its plans to adopt a “responsible and measured” multinational tax avoidance package to improve transparency and close tax loopholes, if elected. It plans to implement anti-avoidance measures proposed by the Organisation for Economic Co-operation and Development (OECD) that are already backed by over 130 countries worldwide. The […]
ATO warns of fake TFN, ABN services on the rise
The Australian Tax Office is urging prospective business owners to remain vigilant of fake websites offering tax file numbers (TFN) and Australian business numbers (ABN) for a price. Advertised on social media platforms like Facebook and Twitter, these fake websites offer to obtain a TFN or ABN for a nominal […]
Let’s Talk: Experts reveal ways to safeguard against cyber-attacks without breaking the bank
It’s only a matter of time before malicious actors figure out a way to get around whatever new technology cybersecurity professionals come up with. According to the Australia Cyber Security Center, ransomware cybercrime reports increased by 15 per cent in the 2020-2021 fiscal year, with Australian businesses losing more than […]
SBA wants to revise SME size standard to allow more to apply for Federal contracts and loans
The United States Small Business Administration (SBA) is considering revising employee-based small business size standards for businesses in nine North American Industrial Classification System (NAICS) sectors. Why? The proposed changes in nine industries, including manufacturing and transportation, will allow more MSMEs and current small businesses to maintain small business status […]
Election 2022: Australia’s CPI records biggest YoY food price jump in more than decade
Headline inflation jumped to 5.1 per cent in the first three months of 2022, with food prices rising at the fastest rate since 2011. The Australian Bureau of Statistics (ABS) reported that the Consumer Price Index (or CPI) rose 2.1 per cent in the March 2022 quarter, up from 3.5 […]