The Victorian Government Announces Business Events Grants to Attract Interstate Visitors
The Victorian government has announced that business events operators will be eligible to apply for grants of up to $25,000 in a bid to entice interstate visitors to travel to Victoria. The National Business Event Program will be directed by the Melbourne Convention Bureau (MCB), with eligible events consisting of conferences, exhibitions, workshops and seminars. […]
Government Support For The Arts During Covid-19
Last year, as part of the 2020-21 federal budget, the Australian government announced around $800 million of additional funding to support the nations creative and cultural sectors. Screen Australia has been given access to $33 million to support the continued development and production of Australian content. This funding consists of $30 million to support Australian film and […]
The ATO Is Set To Turn the Tide on Insolvencies
Following the discontinuation of JobKeeper and other government support measures which were introduced at the peak of the covid-19 pandemic, the ATO is set to ramp up enforcement in line with the governments ambition to revert to a “business as usual approach”. It is not expected that the ATO will be overly aggressive but they […]
The Australian Government Expands Support Package to Assist the Arts and Entertainment Sectors
On Wednesday 24th March, the Australian Government announced additional targeted support package worth $135 million aimed to predominately assist people working in the arts and entertainment sectors. This scheme is called “The Restart Investment to Sustain and Expand Fund” or is commonly referred to as “RISE”. The additional funding comes at a crucial period of […]
Boosting the Creative Economy and Employing Australians In Entertainment Sectors
In a bid to boost the creative economy, the federal government announced the $250 million support package called “The Covid-19 Creative Economy JobMaker Package” on 25th June 2020. This support package includes a $90 million Show Starter Loans Scheme. These much-needed support packages are being delivered as part of the Coronavirus SME Guarantee Scheme. The […]
Recent Changes Made to Director Resignations
The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (the Act) was introduced on Thursday 18th February 2021 with the purpose of preventing illegal phoenix activity. These new rules will impact when a directors resignation takes place and will prevent resignations from occurring which would leave a company without a director remaining. The Act will also […]
New Law Will Expand Directors Exposure to Company Debts
A new law is set to be introduced which aims to treat a person as continuing to be a director of a company even after they have resigned. This means the individual will still have continued exposure to all the laws that make them personally liable for any company debts. Directors can be held personally […]
The Capital Raising Journey for Fintechs
Start-ups often rely on their founder’s ambition and investment, however, there comes a time when outside capital is needed to finance further growth, execute a full or partial exit for owners, or optimise the capital structure. Many successful fintechs looking to accelerate growth arrive at this crossroad and, whilst access to finance may not always […]
Case Study: Misplaced Trust
What the Election Means for Business
In my experience the next two months will be tough for small retailers and hospitality businesses as the uncertainty that the election process brings will make it harder to get customers to spend.