The Victorian government is cutting funding for its sovereign venture fund, Breakthrough Victoria, by $90 million annually over the next four year, today’s state budget reveals. The reduction in capital allocation for the $2 billion fund comes amid sustained criticism and a high profile media campaign by the likes of Adir Shiffman, chair of ASX-listed… Read more »
Do Australian courts have the right to decide what foreign citizens, located overseas, view online on a foreign-owned platform? Anyone inclined to answer “yes” to this question should perhaps also ask themselves whether they are equally happy for courts in China, Russia and Iran to determine what Australians can see and post online in Australia.… Read more »
Australia’s eSafety Commissioner has ordered social media platform “X” (formerly known as Twitter) to remove graphic videos of the stabbing of Bishop Mar Mari Emmanuel in Sydney last week from the site. The incident was captured on the church’s livestreamed mass service. In response to this order, X’s owner, Elon Musk, has branded the commissioner… Read more »
FinTech Australia is calling on the Federal government to address the challenging capital raising environment for startups and renew its support for Austrade’s effort to promote our local sector abroad. In its pre-budget submission tabled ahead of federal treasurer Jim Chalmers announcing his 2024 Budget on May 14, FinTech Australia CEO Rehan D’Almeida said the… Read more »
After a year in power, NSW Premier Chris Minns has decided to put Investment NSW under his watch, along with the Office of the Chief Scientist, amid a restructure of the NSW Department of Enterprise, Investment and Trade (DEIT) that will see its demise. The state government announced the shakeup on Friday afternoon, claiming that… Read more »
Accounting tricks are helping Big Tech firms avoid paying tax on up to 96.6% of their Australian income, according to a new analysis of Australian Taxation Office (ATO) figures that showed Apple was the worst offender when it came to corporate tax minimisation. The tech giant took $9.3 billion from Australian customers during the 2021-22… Read more »
Here’s an astonishing figure. While a third of Australian households have solar power, making us the world leader on adoption, just 1% of those panels are locally made, even thought we invented the technology. So the federal government is hoping to transform the coal mining Hunter Valley region, north of Sydney, into a solar manufacturing… Read more »
Nearly a quarter of the way through its first term, the NSW government has opened submissions for its Innovation Blueprint, seeking to make its support for the sector “more collaborative”. After NSW minister for innovation, science and technology, Anoulack Chanthivong announced plans for an Innovation Blueprint last September, six months after taking on the portfolio,… Read more »
The Albanese government’s signature business investment vehicle, the $15 billion National Reconstruction Fund, has its first boss, with veteran Macquarie Group executive Ivan Power named as CEO. Power has worked in global investment for more than 25 years alongside a strong track record in working with early-stage startups and social ventures.. UNSW director of entrepreneurship… Read more »
Peak industry body Science & Technology Australia has asked the political parties and independents standing in this Saturday’s federal ballot for their positions on 10 election priorities for the sector. The sector’s priorities identify major science and technology policy settings and investments needed for Australia to seize crucial opportunities. Whether the pledges of current and… Read more »
Australia has no clear strategy to decarbonise transport. That’s a problem, because without a plan, our take-up of clean technologies like electric cars, trucks and buses is slow. It’s stopping us from meeting our climate commitments. And it leaves us paying exorbitant prices for imported oil at the fuel pump, as well as in the… Read more »
With research and development investment lagging Victoria and the OECD, New South Wales is doubling down on its competitive advantages in areas like AI, quantum computing, and nanotechnology, the state’s head scientist revealed in launching the state’s new 20-year R&D strategy. The NSW 20-Year R&D Roadmap – whose creation was recommended as part of the state government’s… Read more »
Labor leader Anthony Albanese has pledged to double the government’s $250 million Future Fuels Fund to $500 million to boost electric vehicle uptake and infrastructure if it wins the federal election on May 21. The ALP’s ‘Driving the Nation’ policy also embraces hydrogen vehicles and infrastructure, and hopes to make EVs more affordable and easier to charge, as… Read more »
As the upcoming federal election campaign moves online, digital platforms and social media are gearing up to counter the spread of misleading information online. While politicians should play a responsible role, digital platforms also have a responsibility to take vigilant, careful action to identify and address misinformation and disinformation during the Australian election campaign, according… Read more »
Peak body the Australian Information Industry Association (AIIA) wants to government formed after the May federal election to create a new Cabinet level Minister for the Digital Economy. AIIA CEO Ron Gauci said technology is an essential driver to economic growth, creating jobs and making the nation globally competitive. While the Morrison government already has… Read more »
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