Through our usual good fortune as well as good management, Australia is set to successfully navigate its way out of the COVID-19 pandemic. The 2021-22 Budget signals that confidence is returning for households and businesses with the economy projected to grow 1.25 per cent this financial year, rising to 4.25 per cent over the next.
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A Labor government would provide support for aspiring young entrepreneurs to spend a business-focused year working with a university or private sector incubator to develop their startup enterprise or idea.
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Electro Optic Systems sees the cash flow in Defence contractor Electro Optics Systems has reported cash flowing into the company on its biggest-ever contract which experienced delivery interruptions during the Covid-19 pandemic. The company maintained production rates of its order for weapons systems for the Middle East during Covid, which saw its inventory of finished…
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@AuManufacturing continues our editorial series – Celebrating Australian Made – with some good news about public sentiment to making locally. New consumer research from Roy Morgan shows the preference for Australian-made goods continued to increase in 2020, with the huge majority of 93% of Australians stating they are more likely to buy products made in…
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With international pressure mounting on Australia to commit to more substantial action on climate change, Budget 2021-22 was an opportunity — coupled with a once-in-a-generation social license to spend strategically to ‘build back better’ — to set out the government’s strategy towards addressing these concerns. So what’s in the budget for the Circular Economy? Dr Kar Mei Tang explains.
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Patent box a win for IP development, jobs: Cochlear and CSL Local biotechnology leaders Cochlear and CSL have both praised the patent box incentive, which their sector has lobbied for for a decade. The measure will see revenue from locally-created IP taxed at 17 per cent, rather than at the 30 per cent corporate tax…
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Building products group CSR has boosted sales and profits across diverse construction markets, announcing full year ended March 31 net profit after tax up 17 per cent to $146.1 million. A slowdown in residential construction was more than made up through strong cost control and operational efficiency increases, with the company’s building products segment reporting…
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University of Queensland spinout business Hypersonix has announced the results of new shock tunnel tests, showing their hydrogen-powered scramjet engine “can accelerate up to 10 times the speed of sound in real life flight conditions.”
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By Peter Roberts Last year’s $1.4 billion Manufacturing Modernisation fund – that is a paltry few hundred million a year – is essentially the sum total of the federal government’s response to the question marks raised over the role of manufacturing by Covid-19 supply chain disruptions. There was almost nothing not previously announced, and only…
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Industrial process technology company Calix and Pilbara Minerals have teamed up to develop a lithium chemicals refinery at Pilgangoora in Western Australia., The two companies have signed a memorandum of understanding for a scoping study for a lithium salt production facility using Calix technology at Pilbara’s existing spodumene concentrate facility. Following that the companies plan…
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