Category Archives: Government Back

FED GOVT INTRODUCES LEGISLATION TO ENSURE MULTINATIONALS PAY THE RIGHT AMOUNT OF TAX

The Federal Government is acting to improve the integrity and operation of the business tax system by introducing legislation to close loopholes in the tax consolidation regime that create unintended tax outcomes, Minister for Revenue and Financial Services, Kelly O’Dwyer has announced. According to Minister O’Dwyer, the tax consolidation regime, in allowing wholly-owned corporate groups … Read more

“HUGE COUP FOR SYDNEY” – $35M STARTUP HUB TO HOST EXCLUSIVE MICROSOFT ACCELERATOR PROGRAM

The launch of the Sydney Startup Hub, has coincided with an announcement that Microsoft has signed up as a tenant and will run its acclaimed Scale-Up accelerator program from the new $35 million facility. Announced by the NSW Government in July 2017, the Sydney Startup Hub was funded by Jobs for NSW, which anticipates it will … Read more

GOVERNMENT ANNOUNCES GRANTS TO HELP SMES ENGAGE WITH INTERNATIONAL EXPERTS ON PROJECTS

The Federal Government is now seeking applications for grants of up to $7000 to help Australian researchers and SMEs work with overseas experts to develop and commercialise their projects. According to Minister for Jobs and Innovation, Michaelia Cash, the Global Connections Fund (GCF) Priming Grants empower organisations to collaborate in the global arena, link with … Read more

“No regrets”: Startup Victoria chief executive Georgia Beattie to lead REA Group’s startup Spacely

Current Startup Victoria chief executive Georgia Beattie has been snaffled by Australian property advertising company REA Group to head up its co-working directory startup Spacely. Beattie was appointed as the chief executive of the government-run, not-for-profit Startup Victoria’s in July 2016 after a “highly competitive” search for applicants. Prior to that, she was the co-founder of Lupe … Read more

Gold Coast hosts high level international trade talks

Gold Coast is hosting international free trade talks between Australia and four Latin American nations which have been identified as being an “underexposed” market for local exporters. Australia will host the second round of Pacific Alliance Free Trade Agreement negotiations from today until Friday with representatives Mexico, Chile, Colombia and Peru. The talks are an … Read more

“A RISING TIDE LIFTS ALL BOATS”: VICTORIA’S ONLINE MARKETPLACE STARTUPS GENERATING $1.6B IN PROFIT

Victoria’s online marketplace startups have created jobs for 93,000 people and contribute $1.6 billion to the state economy, according to new report from EY-Parthenon and startup ecosystem development agency LaunchVic. The report, A Review of Melbourne’s Digital Marketplaces, shows the sector is growing at 11% per year, well above Victoria’s current industry growth rate of … Read more

An “iPhone-like revolution”: Minister shows support for electric cars as tech sector calls for more focus on development

Comments from energy minister Josh Frydenberg expressing his support for electric cars have sparked conflict within the Liberal party, but those in the startup space are hoping the sentiment will lead to further growth in a burgeoning area of Australia’s tech industry. As reported by The Australian, Frydenberg said over the weekend that the federal government will … Read more

LoyaltyX receives $15,000 NSW government grant and eyes ICO with belief crypto is the future of loyalty programs

For startup founder Philip Shelper, the emerging yet volatile cryptocurrency market spells big opportunity for the world of loyalty and rewards programs. “If you look at the history of loyalty programs and similar systems, it went from clay tokens in ancient Egypt, to copper tokens in 1700s America, to stamps in the 1800s, and then … Read more