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Backing a winner: Digital games tax

Heather Moore
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Backing a winner: Digital games tax The digital games and interactive entertainment sector is the largest creative sector in the world and one of the fastest growing industries worldwide. The global digital games industry is worth around $250 billion and in Australia, grew 22% between 2020 and 2021 generating $226.5 million in income and employing…
Acting Victorian Premier James Merlino on Wednesday announced extended support for the state’s small and medium-sized business

Victoria Doubles Business Support Package

Emma Zajac
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Government weighs up federal support as Victoria doubles business support package. The Victorian government will allocate a further $209.3 million to support the state’s small businesses through an extended lockdown as the Morrison government hints at federal support on Thursday. Acting Victorian Premier James Merlino on Wednesday announced extended support for the state’s small and…
NSW Government Announce New Grants Post Lockdown

NSW, WA Governments Announce New Grants Post-Lockdown

Emma Zajac
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The New South Wales and Western Australia state governments have now announced new grants for small businesses affected by snap COVID-19 lockdowns. In NSW, the new $3,000 and $5,000 hardship grants will be available to small businesses in Sydney’s Northern Beaches that were affected by COVID-19 restrictions over Christmas last year. WA small businesses will…
Coronavirus grants now tax-free

Coronavirus Grants Now Tax-Free

Emma Zajac
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Legislation aimed at ensuring coronavirus small business grants are not subject to income tax has now passed both houses of Parliament. Treasury Laws Amendment (2020 Measures No. 5) Bill 2020 passed Parliament late on Thursday. The bill amends income tax law to make certain grant payments received by eligible businesses non-assessable non-exempt income so that these…
Small-business coronavirus grants set to be income tax-free under new bill

Small Business Coronavirus Grants Set to be Income Tax-Free under New Bill

Emma Zajac
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A new bill that ensures state and territory grants issued in response to the coronavirus pandemic are not subject to income tax has now been introduced. Treasury Laws Amendment (2020 Measures No. 5) Bill 2020 has now been introduced in Parliament, following the government’s announcement that small and medium business grants announced on or after…
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