Updates from our stakeholders and industry associates

Live music tax offset would be a cultural and economic boon

New analysis released today finds that a combined tax offset for existing live music venues and those not currently hosting live music could boost the incomes of musicians and artists by $205 million per year with an additional 203,200 gigs, supporting the creation of 7,400 direct and indirect jobs across entertainment, hospitality and tourism.

APRA releases results of inaugural Climate Vulnerability Assessment

The Australian Prudential Regulation Authority (APRA) has published the aggregated findings of its first Climate Vulnerability Assessment (CVA) of Australia’s five largest banks.

Three-year weather bill reaches $12.3 billion

New data released by the Insurance Council of Australia (ICA) today shows that the insurance bill for storms and floods since January 2020 has topped $12.3 billion.

GREENS AGREE TO BACK IR BILL AFTER BOOSTING PAID PARENTAL LEAVE AND PROTECTIONS FOR THE BOOT

Greens Leader and Workplace Relations spokesperson, Adam Bandt MP and Greens Employment Spokesperson, Senator Barbara Pocock say the Greens have agreed to back the government’s IR bill after securing significant additional improvements, including giving parents an enforceable right to request unpaid parental leave and protecting the existing Better Off Overall Test.

Over 500 events in November to support NSW small businesses

NSW Small Business Month will wrap up today with more than 500 events held in November to support and celebrate small businesses across the State.

National Reconstruction Fund

The National Reconstruction Fund is the first step in Labor’s plan to rebuild Australia’s industrial base.

Cost of living crisis forces 1 in 4 Australians to skip meals

56 per cent of Australians have cut back on essential items and 24 per cent have skipped meals due to the current cost of living crisis, according to a poll conducted by the ACTU.

Providing more options for older Australians and eligible Veterans to work more in time for Christmas

From today, pensioners over Age Pension age and eligible Veterans will be able to earn more income from working without reducing their pension, just in time to take advantage of seasonal jobs.

Federal body announces grace period on Director IDs, after concerns about $13,000 fines

A federal body is giving 700,000 people who have not yet signed up to new legal hurdle a two-week grace period, after a “bureaucratic” process made people wait on phones for hours or deal with a crashing government website.

Aussie small businesses fear they will miss summer sales targets as cost-of-living pressures continue to bite

More than half of Australian small businesses are worried the increasing cost-of-living pressures will stop them from making their summer sales targets, according to fresh data released by Xero this week.

Big business and government are key to eInvoicing uptake

Global small business platform Xero this week hosted key government and business leaders in its Sydney office to discuss the benefits of accelerating eInvoicing adoption.

Xero reveals declining Australian small business performance

The small business platform Xero has released its latest data on the health of Australia’s small business economy from the Xero Small Business Index. The Index fell 13 points in October to 115 points, driven by four sub-metrics.

How Aboriginal and Torres Strait Islander small businesses close the labour market gap

October was Indigenous Business Month all around Australia, and I had the privilege of attending the launch of the Murri Chamber of Commerce. It is an Indigenous-led, self-funded initiative that aims to support Indigenous business within Queensland. This state-based chamber is long overdue for Queensland, other states, such as NSW and Victoria have had state-based Indigenous Chambers of Commerce for some time.

/Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).View in full here.