Wednesday, 26 July 2017 Sydney
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Invest In Australia Blog::

  • Regional Growth Fund

    Councils, industry and community organisations in regional NSW are encouraged to apply for funding for their local infrastructure projects.

    The $1.3 billion Regional Growth Fund includes:

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  • Small businesses encouraged to claim instant asset write-off

    The Australian Small Business and Family Enterprise Ombudsman has encouraged small business operators to take advantage of the Government’s instant asset write-off extension.

    More businesses are now eligible to buy equipment (new or second hand) up to $20,000 and write it off immediately after legislation passed the Senate. Multiple claims can be made under the program.

    Small business has also been redefined for tax purposes as having a turnover less than $10 million, up from $2 million.

    Ombudsman Kate Carnell welcomed the changes.

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  • Small business needs reliable power and stable prices

    The Australian Small Business and Family Enterprise Ombudsman has called for a bipartisan approach to energy policy to avoid job losses and business closures.

    Ombudsman Kate Carnell says the small business sector faces being crippled by rising electricity costs and reduced reliability if the status quo remains.

    Ms Carnell said both sides of politics should endorse the Finkel Report and adopt its recommendations.

    “Business as usual is no longer an option. Business as usual is lack of reliable power and exponential price increases,” she said.

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  • Faster and cheaper approvals for home owners

    Changes to the Housing Code will make it easier, cheaper and faster for home owners in NSW to get approval for a new home or renovation.

    The new Housing Code will simplify the planning rules for homes approved under a fast-tracked complying development pathway.

    For the first time, the code will include easy-to-follow diagrams, making it easier to understand the building standards that must be met when building or renovating.

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  • Small business needs reliable power and stable prices

    The Australian Small Business and Family Enterprise Ombudsman has called for a bipartisan approach to energy policy to avoid job losses and business closures.

    Ombudsman Kate Carnell says the small business sector faces being crippled by rising electricity costs and reduced reliability if the status quo remains.

    Ms Carnell said both sides of politics should endorse the Finkel Report and adopt its recommendations.

    “Business as usual is no longer an option. Business as usual is lack of reliable power and exponential price increases,” she said.

    Comments: [0]
  • ASIC and ASBFEO hold banks to account on unfair contract terms

    Following intervention by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and the Australian Securities and Investments Commission (ASIC), the big four banks are taking action to protect small businesses from unfair terms in loan contracts.

    Following a round table hosted by ASBFEO and ASIC, the big four banks have committed to a series of comprehensive changes to ensure all small business loans entered into or renewed from 12 November 2016 will be protected from unfair contract terms.

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  • Melbourne University wins grant as Australia’s first Academic Centre of Cyber Security Excellence

    University of Melbourne and Edith Cowan University will share A$1.9 million in Federal Government funding as Australia's first Academic Centre of Cyber Security Excellence.

    The grant reflects the University of Melbourne's long-term teaching and research focus on cyber security and its relationship with industry and the community.

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  • New buses, extra weekly services for NSW

    The NSW Government will buy more than 170 new buses, bringing thousands of additional and improved weekly services to customers across the state. 

    The $1.5 billion in funding from the upcoming NSW Budget will help replace 134 of the state’s ageing bus fleet, add 42 buses and deliver 3300 more services a week.

    To help ease increased congestion, the new bus fleet will include six double-deck buses to replace the bendy-buses.

    New and enhanced services will be added to growth centres such as Macquarie Park, Olympic Park, and Marsden Park.

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  • ACCC takes action against Thermomix

    The ACCC has instituted proceedings in the Federal Court against Thermomix In Australia Pty Ltd (Thermomix), alleging it contravened several provisions of the Australian Consumer Law (ACL) in relation to its Thermomix appliances.

    The ACCC alleges that Thermomix misled customers about their consumer guarantee rights, failed to comply with mandatory reporting requirements for injuries arising from the use of the appliances, made false representations and engaged in misleading conduct regarding the safety of the TM31 model, and made false and misleading statements about its 2014 recall.

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  • Victoria’s FinTech hub in Melbourne to drive innovation

    The State Government of Victoria will establish a new FinTech hub in Melbourne's Docklands, providing a boost to local startups, attracting investment, and creating new jobs that support the state's significant professional services sector.

    The Victorian Government has released a request for proposal document which invites companies to tender to establish the FinTech hub, to be located in Dockland's Goods Shed North in the centre of Melbourne.

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