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 […]
Australians In Lockdown Have Had Bills Increased By $233
Over 15 million Australians are living in strict lockdown conditions as of 19th August. Although there are many people who are saving money as a result of staying at home, the cost of living for many is surprisingly only getting more expensive. Recently published research has demonstrated that 27 percent of Australian households have seen […]
Australia’s Unemployment Rate Dropped In Latest Lockdown As People Gave Up Looking For Work
The unemployment rate across Australia has dropped during the latest wave of lockdowns, as a large number of unemployed Australians simply gave up looking for work. Australia’s unemployment rate dropped from 4.9 percent in June to 4.6 percent in July. These figures have been recorded despite there only being an extra 2,200 extra people becoming […]
Covid-19 Small Business Support Grants For ACT Based Businesses
Businesses in Canberra who have been impacted by the recent covid-19 lockdown are now able to apply for support grants which are being provided by the ACT Government. Businesses who are eligible will be able to receive up to $10,000 (businesses with employees) or $4,000 (for businesses without employees). These funds will be available for […]
Australia Set To Avoid Another Recession Despite New Lockdowns
According to the Reserve Bank of Australia’s Governor Philip Lowe, Australia is set to avoid another recession, despite the countries recent economic comeback being halted by the number of new lockdowns introduced across the country to stop the spread of the Delta covid-19 variant. Mr. Lowe believes that Australia’s economy will bounce back quickly once […]
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 […]
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 […]