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New incentives to encourage investment in Australia

Austrade The Australian Government is introducing new tax, research and development, and innovation incentives to attract talented individuals and exceptional businesses to Australia. In its Budget 2021–22 Statement, the Government committed to the following programs. New visas The Government has introduced a new Global Talent visa and Temporary Activity visa. It will modernise the framework for individual tax residency to encourage relocation to Australia. New business investment incentives ...
Australian Tax Office Australian Government Global Talent Temporary Activity Corporate Collective Investment Vehicle Digital Games Tax Offset

Budget 2021: What SME law firms need to know

Budget 2021: What SME law firms need to know By Emma Ryan and Jerome Doraisamy|13 May 2021 Here are the key takeaways for boutique law firms from #Budget2021, delivered earlier this week by Josh Frydenberg. Coming off the back of the COVID-19 pandemic, the Treasurer cited a need to maintain an avid focus on the nation’s economic recovery, with a commitment to supporting jobs and essential services of utmost importance. “The COVID-19 recession will see our deficit reach $161 billion this yea...
United Kingdom Jerome Doraisamy Emma Ryan Josh Frydenberg Development Tax Incentive Lawyers Weekly

Thousands of foreign backpackers and students are given a free pass to work more in Australia

Thousands of foreign backpackers and students in Australia will be allowed to undertake more work under changes announced in the federal Budget to offset the impact of the nations border closure that is set to extend into mid-2022.  Student visa holders will be temporarily allowed to work more hours in the tourism and hospitality sectors, as the government seeks to ramp up support for both industries hit hard by a lack of foreign workers entering the country.  The government has scrapped the ...
Northern Territory New South Wales Australian Capital Territory Josh Frydenberg Kate Jenkins Australian National University

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Federal Budget 2021 Australia: No date set for border reopening, tourism and education left hanging

A $53.6 million package has been allocated towards the international education sector. A Budget media release from Education Minister Alan Tudge declared universities and "many other higher education providers" had benefited from an influx of domestic students, but other English language providers and higher private educators had been hit hard by the absence of overseas students. The package will fund an extra 5000 short courses for domestic students in 2021-22 at non-university higher-educatio...
Michael Mccormack Josh Frydenberg Tara Blancato Alan Tudge Federal Budget Prime Minister Michael Mccormack

SBS Language | Budget 2021-22: Update on Australia's immigration program, skilled migrants and international students

# TITLE RELEASED TIME MORE Budget 2021-22: Update on Australia’s immigration program, skilled migrants and international students 11/05/2021 10:40 ... Australian News in Punjabi: Dozens of Australians unable to board India flight after positive COVID tests 14/05/2021 11:59 ...
Harminder Singh Scott Morrison Navjot Kailay Josh Frydenberg Liz Allen Investment Program
Source: sbs.com.au

Budget 2021: How did #auslaw fare?

Budget 2021: How did #auslaw fare? By Jerome Doraisamy|11 May 2021 Treasurer Josh Frydenberg has delivered the 2021-22 federal budget. Here’s what lawyers and law firms across the country need to know. On Tuesday morning, Treasurer Josh Frydenberg said that while the Australian economy is recovering well from the age of coronavirus, and has outperformed “all major advanced economies around the world”, the nation is not yet out of the woods. “There is still more to do. We must secure A...
Michaelia Cash Jerome Doraisamy Josh Frydenberg Digital Solutions Australia National Research Organisation For Women Safety Children Contact Services

A preview of upcoming changes to Australian immigration law taking effect from 1st January 2021 - Immigration

To print this article, all you need is to be registered or login on Mondaq.com. As 2020 has shown, Australian immigration law is subject to rapid change in response to emerging issues such as the COVID-19 pandemic. And as we begin the New Year, there are even more changes afoot that will take place, or are likely to take place in 2021. Below is an overview of these changes. 1. More temporary visas can be cancelled on biosecurity grounds From 1 January 2021, more temporar...
Work International Relations Department Of Home Affairs Electronic Travel Authority New Year Biosecurity Act Home Affairs
Source: mondaq.com

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