Business News

The Treasurer says his 'patent box' will boost innovation. The evidence says it won't

Written by Isaac Gross, Lecturer in Economics, Monash University

On budget night federal Treasurer Josh Frydenberg announced Australia is getting its own “patent box”.

What is a patent box?

Despite its odd name, it is a relatively straightforward concept. It means lowering the tax rate on all income derived from patents registered in a nation. About half the members of the European Union, Britain and...

AI companies want copyright exemptions – for NZ creatives, the market is their best protection
Getty ImagesRight now in the United States, there are dozens of pending lawsuits involving copyright claims against artificia…
How much money do you need to be happy? Here’s what the research says
Over the next decade, Elon Musk could become the world’s first trillionaire. The Tesla board recently proposed a US$1 t…
NZ First wants a compulsory KiwiSaver. Boosting the Super Fund is a better bet
Getty ImagesAn ageing population not saving fast enough for its retirement has been called a “timebomb” and a loo…
ANZ has been hit with a record $240 million fine. These lessons should have been learned years ago
ANZ Bank has agreed to pay a record fine of A$240 million after admitting to various forms of misconduct that occurred &ldquo…
This report measures our national wellbeing across five key areas. Health trends are not improving
In 2023, Treasurer Jim Chalmers announced the government would measure what matters to the wellbeing of Australians as a comp…
Private toll roads are supposed to save taxpayers’ money, but can have these hidden costs
If you’ve ever driven in Sydney, Melbourne or Brisbane, chances are you’ve used – or steered clear of &ndas…

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…

5 Reasons to Hire a Building Contract Lawyer Before Your Next Construction Project in Melbourne
If you're planning to build, renovate, or develop a property in Melbourne, you might be focusing on finding the right architect, builder, or project manager. But there’s one professional most…

What's happening in Sri Lanka and how did the economic crisis start?
The island nation of Sri Lanka is in the midst of one of the worst economic crises it’s ever seen. It has just defaulted on its foreign debts for the…
As the billionaires gather at Davos, it's worth examining what's become of their dreams
Gathering for their annual World Economic Forum at Davos in Switzerland this week, the world’s business and political elite will be digesting some unpleasant reading courtesy of the aid agency…
‘Concerning’: ACCC interim report on supermarket inquiry tells of supplier woes and ‘oligopolistic’ market
It hasn’t been a good week for Coles and Woolworths. On Monday, the Australian Competition and Consumer Commission (the national competition regulator or ACCC) announced it was taking legal action…

Manny Shah: Is your business disappearing from Google? You’re not alone

Small business owners across Australia are panicking as their websites vanish from Google’s front pages overnight. According to Manny Shah, cofounde...

MR Roads named Queensland Finalist in the 2025 Telstra Best of Business Awards

MR Roads, co-founded by Daniel Mikus and James Rolph, has been announced as a Queensland finalist in the prestigious 2025 Telstra Best of Business...

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...