Greater Sydney Lockdown Set To Result 300,000 Job Losses
The significant amount of economic damaged caused by the covid-19 outbreak in Sydney is starting to show up in the national employment data, and is unfortunately beginning to spill over into over states. Figures published by the Australian Bureau of Statistics (ABS) illustrate that across Australia, women are losing jobs at a faster rate than […]
4.6 Billion of JobKeeper Payments Went To Businesses That Increased Their Turnover
It has been revealed that billions of dollars’ worth of JobKeeper payments were distributed to businesses that increased their turnover at the peak of the covid-19 pandemic in 2020. The Australian Government originally announced the $1,500 per fortnight wage subsidy in March 2020 when the economy shut down to combat the spread of the virus. […]
Australian Consumers Lose Confidence As Retail Sales Drop During Recent Lockdowns
Many Australian businesses are afraid that new lockdowns will give them no choice but to close their doors permanently as online shopping remains the only way they retail stores can continue to generate revenue during the new lockdowns in Sydney and Melbourne. With over half the Australian population in lockdown to prevent the spread of […]
Prime Minister Scott Morrison Continues To Reject Calls To Bring Back JobKeeper
Prime Minister Scott Morrison has rejected calls to reinstate JobKeeper. This is despite their being 13 million Australians who are currently in lockdown which is over half the nation’s population. The Prime Minister strongly insists that there is no time to implement a system to deliver emergency payments to individuals who need it now. “I’m […]
New Round of Tasmanian Travel Vouchers Introduced to Clawback Lost Revenue During Covid-19 Pandemic
As a result of new lockdowns taking across NSW and Victoria, tourism operators in Tasmania are once again facing a large number of financial problems. To combat the problem, another round of travel voucher announced to fight the impact of border closures. However, the format of this year’s Make Yourself at Home vouchers will look […]
Queensland State Government Offers $10000 Lifeline For Businesses Impacted By Lockdown
Queensland businesses who are struggling as a result of the state’s newest lockdown have been given a financial support lifeline by the state government in the form of a $10,000 lockdown grant. The announcement was made on Monday 2nd August by Queensland Treasurer Cameron Dick, who revealed that the $260 million support package will be […]
Gold Coast Tourism Plummets Following New Border Closure
As a consequence of the Queensland Government’s decision to shut its border to all of New South Wales, businesses located on the Gold Coast have taken a huge financial hit as a result of losing access to customers located in Tweed Heads and the Northern NSW. A fourth-generation Gold Coast farmer located only kilometres from […]
The ATO Paid $5.3 Billion In Tax Returns During July 2021
Recently published figures from the ATO (Australian Tax Office) has shown that 2.1 million taxpayers across the country have so far received an average tax refund of $2,490 this contributing to a total of $5.3 billion, in the first four weeks into 2021 tax time. Assistant Treasurer Michael Sukkar tried putting a positive spin on […]
NSW and Victoria Government Boosts Support For Business
New South Wales and Victoria State Governments have both announced an increased level of business support measures to lessen the burden of recent state lockdowns, while the federal government has also increased its support for individuals as the covid-19 crisis continues to drag on. NSW Government Opens Applications For JobSaver On Monday 26th July, applications […]
Australia’s Unemployment Rate Drops Under 5 Percent For The First Time In A Decade
According to new figures from the Australian Bureau of Statistics (ABS), Australia’s unemployment rate has dropped to 4.8 percent, with just under 30,000 jobs being created in the month of June 2021. These figures indicate that the nation’s unemployment rate has now declined for eight consecutive months, taking the unemployment rate to its lowest level in […]
