Tag: Treasury

Compliance levels low in bumper foreign investment year

Posted on   |  by Joseph Brookes
Treasury performed fewer audits of foreign investors last year, moving instead to using outside firms to check compliance with rules for high risk and high value investments. The audits...

Lack of innovation is hurting productivity growth: Treasury

Posted on   |  by Joseph Brookes
The productivity gap between the most innovative companies in the world and Australian firms is growing, according to new analysis by economists at the federal Treasury, who found local...

Govt finally unveils share scheme legislation

Posted on   |  by catherine@innovationaus.com
The federal government has finally unveiled draft legislation to implement reforms to the Employee Share Scheme which it first announced four years ago, along with a further commitment contained...

Govt to review venture capital tax breaks

Posted on   |  by catherine@innovationaus.com
The federal government has launched a review of the venture capital tax breaks introduced as part of the National Innovation and Science Agenda in 2015. The review, to be...

Data quality concerns surround open banking scheme

Posted on   |  by Joseph Brookes
Questions remain about the quality of data being used in Australia’s “world leading” consumer data portability scheme one year after it was launched, according to its newest entrant. Basiq,...

Treasury to open up Consumer Data Right

Posted on   |  by Joseph Brookes
Treasury is developing new rules for Australia’s Consumer Data Right which would significantly expand businesses’ access to consumer data, following criticism that the accreditation requirements to participate are too...

Govt seeks foreign investment tech platform

Posted on   |  by catherine@innovationaus.com
The federal government has gone to the market for a tech provider to develop a new foreign investment IT platform to replace the existing system, which has “not kept...

Govt flags ‘technology neutral’ law reforms

Posted on   |  by Joseph Brookes
The government plans to introduce legislative reforms this year to make Australia’s laws “technology neutral” and make permanent many of the digital communications allowances introduced during the pandemic. Treasurer...