Recent Lockdowns Resulted in The Loss of 378,000 Jobs
According to recently published figures compiled by The Australian Bureau of Statistics (ABS) the data shows that 378,000 positions of employment were lost during the September 2021 quarter at the height of the lockdowns that were implemented in NSW, ACT and Victoria. Out of all the jobs that were lost 308,000 were considered to be […]
Hardship Panel Established To Support NSW Businesses
The NSW State Government has announced the formation of a Hardship Review Panel to support businesses that are currently not eligible to receive any current Covid-19 business support measures. The purpose of the panel is to assess businesses that are currently experiencing financial hardship but do not meet the criteria for either the Covid-19 Business […]
Australian Businesses View Border Closures As A Major Concern
A recent survey has shown that border closures, recruitment issues and supply chain delays are anticipated to be the most significant pressures for Australian businesses over the next 12 months. 46 percent of respondents who participated in the survey believe that border closures will be a major factor in putting pressures on businesses, while 34 […]
More 80 Percent of Victorian and NSW SMEs Intend on Thriving After Lockdowns
A recently published survey has highlighted the resilience of Melbourne and Sydney SMEs during the ongoing covid-19 enforced lockdowns. Over 25 percent of businesses stated that they not been impacted by the lockdowns at all, while 53 percent said they will focus on bouncing back when restrictions ease. The results of the survey were compiled from […]
Abuse Towards Retail Staff Increases In Sydney During Lockdown
Newly published data has shown that abuse towards retail staff in Sydney has skyrocketed during the covid-19 pandemic. Threats, violence and verbal abuse has increased by almost 80 percent in some parts of Sydney over the past 12 months. The research indicates that the abuse has been the most frequent to occur in areas in […]
ACT Government Increases Business Support Grants As Lockdown Is Extended
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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 […]
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
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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
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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
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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, […]