How will Australia’s encryption bill affect the startup ecosystem? And should you be worried?

Australia’s Assistance and Access Bill 2018 — also dubbed the encryption bill — has officially been introduced into parliament and referred to the Parliamentary Joint Committee on Intelligence and Security for inquiry. But there are still concerns the bill could have serious unintended consequences — including for the startup community. The bill is intended to give law … Read more

Uncertainty over research tax incentives reigns as scheme tightened

Australian startups say there’s still uncertainty over what qualifies as “research and development” for tax purposes and legislation that aims to change tax incentive claims won’t help matters. More than $2.4 billion of savings from changes to the research and development tax incentive program were outlined in the May budget. These changes are now working their … Read more

Leak reveals government plan to bring forward small business tax cuts and change $20,000 instant asset write-off

The federal government is seeking to bring tax cuts aimed at Australia’s small and medium businesses into effect four years earlier than originally planned, costing the government $3.6 billion over four-year forward estimates. Treasury costings leaked to Fairfax reportedly reveal the government has decided to adopt industry calls to bring forward the already legislated tax cuts … Read more

University of Sydney receives $1.5 million to run online courses on digital transformation

The University of Sydney has received $1.5 million in funding from the NSW Government’s Boosting Business Innovation Program to run two online courses to help businesses with digital transformation. The two massive open online courses (MOOCs), will be run for five weeks. They will be free for participants to study, however a fee will be … Read more

NSW Government to allocate $10 million to expansion of autonomous vehicle trials in Budget

The NSW Government is set to allocate $10 million funding over the next four years to the expansion of autonomous vehicle trials. To be announced in tomorrow’s state budget, the fund will be administered by Transport for NSW’s Smart Innovation Centre, which will be tasked with identifying relevant projects and partnerships. NSW Minister for Transport … Read more

‘A hell of a lot of people have had their lives ruined’: small business deflated after royal commission

As the banking royal commission gears up for its fourth round of hearings starting on Monday, small business owners are voicing their disappointment at the brief two weeks allocated to the sector. Elizabeth Furneaux was one of 630 people who made submissions to the royal commission relating to small and medium businesses’ dealings with lenders. Mrs Furneaux and her … Read more

Need templated forms, business plan samples or industry reports? Check out ProQuest Entrepreneurship Database!

Members of the Business Studio now have access to the full version of the ProQuest Entrepreneurship Database! This database bridges theory with practice, covering a wide spectrum of resources useful to educators, researchers, students and practitioners. Content ranges from the scholarly – including journals, dissertations, working papers and conference proceedings – to a full toolkit … Read more

Victorian Government launches Foundry658 program to support creative businesses

The Victorian Government has launched Foundry658, a program geared towards growing the state’s “creative and cultural” businesses. Developed by the State Library Victoria and the Australian Centre for the Moving Image (ACMI), the program will see the Foundry658 team undertake a roadshow across regional Victoria, bootcamps for up to 50 entrepreneurs, and a three month accelerator … Read more