Tag: Treasury

‘Dearth of transparency’ from Treasury on R&D

Posted on   |  by Denham Sadler
Federal Labor has slammed a “dearth of transparency” at the Treasury after public submissions on controversial changes to the research and development tax incentive were released 18 months late,...

Big banks tapped for new growth fund

Posted on   |  by Denham Sadler
The federal government has finally got the big banks to chip into its business growth fund, which is set to launch next year with more than $500 million in...

Govt consults on $1b growth fund

Posted on   |  by Denham Sadler
The federal government has launched a whirlwind five-day consultation period for its $100 million cash injection into its business growth fund, which would provide “patient capital” to Australian SMEs....

Industry rejects new rules for ICOs

Posted on   |  by James Riley
A new regulatory framework for initial coin offerings proposed by federal government posed “a significant risk of fettering innovation”, according to a FinTech industry group. Government is actively considering...

Treasury fronts CDR inquiry

Posted on   |  by James Riley
Treasury department officials have hit back at suggestions the government showed “complete disdain” for the consultation process while developing the Consumer Data Right. Appearing before a senate committee inquiry...

Treasury mulls new ICO regulations

Posted on   |  by James Riley
The government is mulling whether a new regulatory framework is needed to crack down on initial coin offerings in Australia. Initial coin offerings (ICOs) are a “wild west” form...

Govt agencies fail cyber test

Posted on   |  by James Riley
Government departments and agencies are still failing to implement the baseline cyber security requirements, leaving them “vulnerable” to potential attacks, an audit has revealed. The Australian National Audit Office...

ScoMo to pry open bank data?

Posted on   |  by James Riley
As the Commonwealth Bank money laundering allegations rage and increase the likelihood of a Royal Commission inquiry into banking, there is perhaps an even more profound change in the...

Govt defines a creative innovation

Posted on   |  by Graeme Philipson
Malcolm Turnbull has made a big deal about innovation. His Government’s new National Innovation and Science Agenda (NISA), released last December, made broad announcements about tax and other incentives...