News

RBA cuts rates to a historic 0.1 per cent

- November 3, 2020 3 MIN READ

The Reserve Bank of Australia (RBA) has cut interest rates by 15 basis points to a new record low of 0.1%. The cut was widely expected by markets. RBA Governor said in his statement that the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from… Read more »

News

Melbourne has to wait another few days to see if the city’s lockdown laws will be eased sooner than expected

- October 25, 2020 3 MIN READ

Expectations that Victoria would begin to ease lockdown restrictions in Melbourne earlier than planned have been put on hold by Premier Daniel Andrews as the state deals with a minor Covid-19 outbreak in the city’s Northern metro area. Andrews labelled it a “cautious pause”, but offered some hope that an announcement on easing could be… Read more »

News

Melbourne will ease lockdown restrictions to ‘2nd step’ tonight but lifting the major changes for small business are still a fortnight away

- October 18, 2020 5 MIN READ

Melburnians will be able to roam up to 25km from their home from midnight tonight, with outdoor real estate auctions returning, as well as tennis courts, golf courses and skateparks reopening under a softening of Victoria’s lockdown restrictions announced by Premier Daniel Andrews on Sunday. The “third step” to reopen retail, hospitality, gyms, and personal… Read more »

Finance

Small businesses can get equity investments from the government’s $540 million Business Growth Fund

- October 16, 2020 2 MIN READ

The Morrison government and Big Four banks have committed $100 million each to the fund It will invest in around 30-50 high growth SMEs annually in return for a 10-40% equity stake The Business Growth Fund will have an independent management team selecting investments The fund will grow to $1 billion.  The nation’s biggest banks… Read more »

Finance

Xero buys up business lender Waddle for $80 million

- August 25, 2020 2 MIN READ

Accounting software giant Xero Ltd is moving into lending to small business through invoice financing, announcing plans to acquire Sydney startup Waddle for up to $80 million. Xero (ASX: XRO) said the acquisition of the cloud-based lending platform aligns with its strategy to grow the small business platform and to address critical small business financial needs. “Waddle’s… Read more »

News

Amazon Launchpad announce $80k grant packages for small business

- July 7, 2020 2 MIN READ

To support small business and startup innovation, Amazon Australia has created the Amazon Launchpad Innovation Grants. Five grant packages will be awarded, valued at more than $80,000 each. The grants are open to small business owners, startups and entrepreneurs. Chadd Ciccarelli, Head of Launchpad, Amazon Australia said more than a quarter of SMBs (29 per… Read more »

News

Coronavirus update: NSW restrictions eased, Bondi opens, Victoria waits, Treasury worries about economic shock, New Zealand relaxes

- April 28, 2020 3 MIN READ

New South Wales residents will be allowed to have up to two adult visitors in their homes from Friday, as the state relaxes its lockdown restrictions, Premier Glady Berejiklian announced on Tuesday morning. The change means friends can catch up at home and bring their children if they want to. While there are risks, Berejiklian… Read more »