ACT Government Increases Business Support Grants As Lockdown Is Extended
Canberra based businesses are set to receive a further grant payment of approximately up to $30,000 as a result of the ACT Government’s decision to extend the lockdown for another four weeks. The extension of the ACT Covid-19 Business Grants means that employing businesses across the territory will be given an extra $10,000, while non-employing […]
New Business Grants Have Been Announced To Support South Australian SMEs
On Monday 13th September, The South Australian State Government announced introduction of two new business support grants to assist small and medium business across the state. The programs will deliver an extra $15 million in financial support to an estimated 3,500 local businesses. The newly announced Covid-19 Tourism and Hospitality Support Grantwill provide support for […]
Regional NSW Businesses Set to Pilot Vaccine Passport Trial
The NSW State Government has announced that selected business in regional parts of NSW will be picked to undertake a pilot trial of the new covid-19 vaccine passport, as the state aspires to re-open to full vaccinated people during the month of October. On Wednesday 22nd September, Victor Dominello the NSW Minister for Customer Service […]
Thousands of ACT Businesses Are Yet To Receive Business Support Grants During Lockdown
The ACT has been in lockdown for almost two months, however under 4000 outstanding support grants are yet to be processed for struggling businesses, with the ACT Chief Minister Andrew Barr largely blaming it on poorly submitted paperwork. However, ACT Liberal senator Zed Seselja believes that the ACT government is responsible for the delay, and […]
Australian Household Spending Decreases for The Third Month in A Row
As a result of ongoing lockdowns in Sydney and Melbourne household spending across Australia has dropped for the first month in a row. Retail sales in Australia dropped 1.7 percent for the month of August when compared to the sales from a month earlier. Sales in New South Wales dropped 3.5 percent which is the […]
ACT Budget Aims To Strengthen Economy Amid New Covid-19 Lockdown
The Covid-19 pandemic has had a huge impact on jobs, businesses, and industries that are critical to Canberra’s economy including the tourism, arts and events sectors. The 2021-22 ACT Budget aims to make a huge investment in job creation and encourage investment with a purpose of driving a stronger economic recovery. The newly announced $41 […]
Australia’s Economic Recovery Has Hit A Major Roadblock With Recent Lockdowns
Newly published data illustrates that Australia’s economic recovery significantly stagnated in July, as this was the month where small businesses recorded their worst performance since December 2020 in the face of ongoing lockdown restrictions affecting more than half of the Australian population. On Thursday 26th August Xero published results of their latest small business index, […]
NSW Government Expands JobSaver Scheme To Assist More Businesses During Lockdown
The NSW State Government has announced that large hospitality and tourism businesses that have revenues of up to $1 billion are now eligible for JobSaver following the announcement of an extension of the scheme. The expansion to large businesses in the tourism, hospitality and recreation industries means that businesses who have an annual turnover between […]
Australian Cryptocurrency Investors Are Making An Average of $10,000
Despite all the ups and downs and huge swings in value, three quarters of Australians who have invested in cryptocurrency still managed to make a profit off their investment. In the past 12 months, Australians on average made over $10,000 in profit from their cryptocurrency investments. This amount is equivalent to almost two months of […]
Australia Is Experiencing an Increase in New Businesses Starting Despite Challenges of Covid-19
Newly published data collected by the Australian Bureau of Statistics (ABS) shows that there is an increase in the number of Australian businesses that are starting up, despite the tough restrictions, ongoing lockdowns and economic uncertainty that has been generated as a result of the covid-19 pandemic. The recently published data from the ABS, which […]
