Business
Tax changes push biotech and health sectors offside
11 June
Some of Australia’s leading health and life sciences organisations are urging Treasurer Jim Chalmers to review the changes to research and development taxes proposed in his budget. Sector advocates say while they’re concerned over a number of Dr...[Read More]
Businesses MIA on rooftop solar and battery revolution
11 June
Australian households are generating nearly four times as much solar energy as retailers, manufacturers and other non-residential buildings, with most commercial rooftops panel-free. Harvesting the vast, untapped generating and storage potential in...[Read More]
Aussie retailers under pressure from e-commerce giants
10 June
Australians are paying more for online deliveries, and while faster and more convenient, the rise of global e-commerce giants could spell trouble for local retailers. With labour, fuel and maintenance costs continuing to rise, consumers are forking...[Read More]
Minimum wage tops $1000 a week, stoking inflation fears
4 June
Workers on the minimum wage will receive more than $1000 a week for the first time, but businesses and economists warn the pay bump could fuel inflation and more rate rises. Industrial umpire the Fair Work Commission handed a 4.75 per cent pay boost...[Read More]
AI risks deepening divide between investors and workers
4 June
The divide between people who earn income from investments and those who work for a living could be exacerbated by the artificial intelligence revolution, economists at Australia’s largest business lender warn. While the adoption of AI is expected...[Read More]
AI on a budget: Aussie watchdog trails global peers
3 June
Australia’s peak artificial intelligence safety agency will operate on a fraction of the funding provided to similar organisations overseas, a senate committee has heard. But the minister in charge of the newly established body has defended its...[Read More]
Businesses still in dark on tax carve outs from budget
3 June
Start ups and small businesses will be forced to wait longer to find out if they will get special treatment from looming tax changes, as the government looks to enact the measures within weeks. Measures in the federal budget limiting negative...[Read More]
Rescue package to shield workers from AI-driven cuts
3 June
Workers facing the threat of artificial intelligence-driven job losses are set to be protected under a multimillion-dollar state government rescue package. The Victorian government on Sunday unveiled the $14 million plan which includes $8.2 million...[Read More]
Retailers under attack from weak demand, rising costs
3 June
Australian businesses are under fire from both sides as conflict in the Middle East drives up prices and weakens demand. After first lighting a fire under fuel costs, the impacts of the US-Israeli-led war in the Middle East have begun flowing...[Read More]
Key person insurance: Protecting the people who keep your business moving
28 May
In many small businesses, success is not just built on products, systems or premises. It is often built around people. A founder who holds the client relationships. A senior technician who understands the systems. A sales manager who brings in...[Read More]
Jobless jump, Iran war shoot down fears of rate rise
28 May
The likelihood of a rate hike in June has shrunk after a surprise jump in the unemployment rate showed the Iran war is having a material impact on Australia’s economy. While bad news for workers, the rise in the jobless rate from 4.3 per cent to...[Read More]
Labor happy with softer housing market since budget
27 May
Softer auction rates are a sign tax changes in the federal budget are making things easier for first home buyers, the housing minister says, as Labor weathered another day of criticism from investors and entrepreneurs. Auction clearance rates held...[Read More]
Governments warned not to hold back AI, tech start-ups
27 May
Australia is well-positioned to take advantage of the global boom in artificial intelligence but governments and regulators need to get the policy settings right so they don’t stifle start-ups. That’s the message from two of the country’s...[Read More]
Temporary fuel tax cut likely to remain temporary
27 May
Australia’s temporary fuel excise cut, which has brought down petrol prices, is likely to remain just that, federal Energy Minister Chris Bowen says. The three-month cut to the fuel excise started in April in response to soaring prices caused by...[Read More]
‘Hoarding has stopped’: Albanese reveals fuel levels
27 May
Drivers have almost a week’s more petrol and diesel in reserve than they did at the start of the Iran war, as the prime minister met with state and territory leaders on the ongoing fuel crisis. Anthony Albanese met virtually with premiers and...[Read More]