Finance News

In a landmark development for Western Australia, the Federal Government has announced the establishment of the largest naval hub in the southern hemisphere at Henderson shipyard as an expansion of AUKUS.   New Defence Precinct Announced for Henderson Over the next two decades, the consolidated Commonwealth-owned Defence Precinct at the Henderson shipyard in WA will generate tens of thousands of secure jobs in construction, submarine maintenance, and shipbuilding and establish a significant industrial pipeline for WA businesses.  With an initial investment of $127 million for planning and feasibility studies over three years, this work will shape the future delivery models and...

To help businesses seize AUKUS opportunities, the Australian government is rolling out several grants, funding and training programs, and equipment investment initiatives.

The AUKUS agreement represents a prime opportunity for WA businesses to position themselves at the forefront of a transformative economic shift.  

Under the instant asset write-off, eligible businesses can immediately deduct the full cost of eligible assets under $20,000 if they are first used or installed by the end of June 2025.

The Australian government has recently announced that starting from July 1, 2025, the general interest charge (GIC) and shortfall interest charge (SIC) will no longer be deductible.

Economic trends can have a significant influence on the success of a business. Whether you’re a startup, small enterprise, or large corporation, understanding the current economic trends is crucial in steering your ship in the right direction. Let’s delve deeper into the whirlwind of Australia’s economic landscape and decipher what it means for businesses like yours. Key Economic Trends Driving Change Resilient Recovery Australia’s economy has been on a recovery spree, bouncing back from the tumultuous times of the COVID-19 pandemic. With the easing of restrictions, many sectors saw a resurgence in activity which spelt good news for businesses across...