Responsible AI gets $39.9 million in the federal budget
The 2024-25 federal budget reveals $39.9 million will go towards the safe and responsible adoption of AI and the extension of the National AI Centre.
Farmers get $625 million to prepare for climate change and drought
The federal government is investing $625 million to help farmers and rural communities better prepare for the effects of climate change and drought.
Future Made in Australia unveils $1.7 billion innovation fund
Surprise, the Future Made In Australia policy includes $1.7 billion for an innovation fund aimed at early-stage development.
New $325 energy bill rebates for one million small businesses
The budget provides $3.5 billion in energy bill relief, including additional rebates of $325 to around one million small businesses from July 1.
Small business mental health in focus with budget funding for debt helpline and NewAccess
In a budget measure labelled ‘Supporting Small Business’, the federal government said it will provide $10.8 million over two years, from 2024-25, to extend the Small Business Debt Helpline and the NewAccess for Small Business Owners program.
E-invoicing gets $23.3 million in budget scam-fighting measures
Small and medium businesses are among the potential beneficiaries of a $67.5 million funding package to help fight digital scams, with the ATO to receive $23.3 million to continue operating the nation’s e-invoicing network.
Government to change laws about how ‘on hold’ tax debts are handled
The budget measure comes months after the tax office paused a letter campaign that involved telling small businesses owners that it may seek to recover ‘on hold’ historical tax debts.
Nine things startups need to know about the 2024-25 federal budget
Here's what the Australian startup sector needs to know about the 2024-25 federal budget. Spoiler alert: it is not a whole lot.
Analysis: Future focused government tries to help small business through painful present
The budget features tax cuts for every taxpayer, but is most notable for Labor’s gigantic $22.7 billion bet on a (green) future Made in Straya.
ATO to receive $187 million to combat tax and superannuation fraud
The Australian Taxation Office has been given $187 million in new funding to bolster its defences against tax and superannuation fraud.
Budget grants $20.5 million for Fair Work to help SMEs with IR compliance
The federal government has recognised that SMEs may need help complying with its ongoing industrial reform program and has allocated $20.5 million in this year’s budget for that purpose.
Budget 2024: What SMEs need to know about the $20,000 instant asset write-off extension
The headline small business measure in the 2024-25 federal budget is a 12-month extension to the $20,000 instant asset write-off, which if legislated, will help SMEs claim an immediate tax benefit on new assets through to June 2025.
