Business News

The Low and Middle Income Tax Offset has been extended yet again. It delivers help neither when nor where it's needed

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra

BeataGFX/Shutterstock

The Low and Middle Income Tax Offset (known as the LMITO or “lamington”) has been given yet another new lease of life.

What started in 2018 as a stop-gap until broader tax cuts were introduced, was extended because of COVID after the tax cuts were introduced in the 2020 budget and has now been extended again in 2021...

Defence spending is like insurance – how will NZ pay the higher premiums?
Getty ImagesDefence spending is like insurance – you have to pay for it but you hope you never have to use it. And the …
What Business Leaders Get Wrong About Tech Hiring
For most executives, hiring technical talent looks deceptively simple. You define the role, post a job, screen applicants, …
Are ‘ghost stores’ haunting your social media feed? How to spot and avoid them
CC BYThe offer pops up in your social media feed. The website is professional and the imagery illustrates an Australian coast…
From MVP to Enterprise: Choosing the Right Payment Stack for Each Stage of Growth
The shift in fintech over the past few years has been hard to miss. A new generation of platforms — from SaaS providers to em…
Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief
Thurtell/Getty ImagesThe Reserve Bank of Australia has kept the cash rate at 3.85%, after cutting it in February and May.Thos…
10 reasons to start a catering company
Starting a catering company isn’t just about cooking great food—it’s about turning your passion into a thriving, flexible b…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

How Sydney Drone Photography Transforms the Way Properties Are Marketed
Key Highlights Drone photography provides stunning aerial perspectives, showcasing properties in a way that traditional photography cannot match. This innovative technology allows real estate agents to highlight property features, surrounding amenities, and…

The government's bank reforms wouldn't have saved us a royal commission
APRA chairman Wayne Byres addresses parliament. AAPIn a bid to fend off the Financial Services Royal Commission, the government introduced the Banking Executives Accountability and Related Measures Act (BEAR) last…
Introduce Spectacular Pyrotechnic Displays to Your Events
Pyrotechnics displays are a form of entertainment that has been around for centuries. Pyrotechnics are characterized by the use of fireworks, firecrackers and other explosives to create a visually stunning…
SILVERCHEF APPOINTS PHILLIP GODKIN AS CHIEF EXECUTIVE OFFICER
SilverChef today announced the appointment of Phillip Godkin as Chief Executive Officer. Godkin joins from Westpac, where he was General Manager of Specialist Finance. He brings more than 30 years’…

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders. As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...