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Round two of the Future Fuels Fund is now open to support demonstration and deployment projects of commercial fleet businesses adding Zero Emission Vehicles (ZEV) and associated infrastructure.
Focused on post-COVID recovery, Queensland is actively investing in industry to promote growth and create jobs in the state. There are four key funding programs available to growing businesses that operate in the priority industry sectors below.
A range of VIC State Government stimulus packages have been announced to boost the economy starting from March 1.
With Western Australia’s border due to open on 3 March when the State is forecasted to reach its 70% vaccination rate, the McGowan Government has released $67 million in stimulus measures for business affected by COVID-19 on 24 February.
Last week, the Government passed a Bill that aims to improve flexibility for individuals preparing for retirement, increase superannuation support for individuals earning less than $450 per month and provide assistance for first home buyers.
The Federal Government introduced the much anticipated “patent box regime” rules into Parliament on 10 February 2022, as announced in the Federal Budget 2021-22.
The continued pressure on businesses to grow, while riding the current wave of uncertainty, has shone a light on programs like the NSW $250m Jobs Plus program as a mechanism to support these ambitions.
Builders with projects in Queensland who are impacted by the requirement to operate PTAs on each project they undertake should be preparing their business for the administrative burden of managing this additional regulatory compliance.
In response to soaring COVID case numbers and the ramifications of self-imposed lockdowns during the last few months, the NSW State Government has announced relief is now available in a $1 billion COVID rescue package.
Released on 16 December 2021, the ATO has finally released its final Practical Compliance Guideline PCG 2021/4 for the allocation of professional firm profits.
The Mid-Year Fiscal and Economic Outlook (MYEFO) announcements handed down today included the creation of 1 million new jobs and an expected wages increase of about 11.24 per cent, while inflation is tipped to grow by 10.25 per cent between now and 2024-25. These developments reflect a positive business growth outlook linked to increased business investment and the economy getting back on track following a disruptive year.
The Payment Times Reporting Scheme (PTRS) commenced on 1 January 2021, requiring organisations with an annual income over $100 million to report on the time it takes them to pay small business suppliers. The purpose of this scheme is to increase transparency around the payment terms offered by large businesses to small business suppliers, thereby creating incentives to improve payment times and practices.
