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Technology start-up founders and investors have warned Australia still has a long way to go to be a destination of choice for the worldâs best technology talent, welcoming changes to employee share scheme (ESS) rules coming in Tuesday nightâs federal budget, but lamenting the sluggish speed of innovation-focused reform.
In measures flagged on Tuesday, Treasurer Josh Frydenberg will announce changes to ESS rules, aimed at making it easier for start-ups to attract and retain talent at a stage of development where they cannot afford to pay high salaries.
Local Measure founder Jonathan Barouch said Australian rules around employee share schemes still lagged rival economies.Â
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Federal budget should be about ‘doing what’s right’ for the economy and community11/05/2021|8min
Labor frontbencher Ed Husic says the federal budget is not about “outspending or saying that we can do massive cuts” but rather doing what is right for the economy and the community.
The budget will be handed down on Tuesday night, with the government set to spend big on aged care and infrastructure.
“They’ve announced so much of this budget you sometimes wonder why Josh Frydenberg will even bother to stand up at 7.30 when they’ve pre-released so much,” Mr Husic told Sky News host Chris Kenny.
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Federal Labor is working on a major social housing package worth up to $10 billion and a renewable energy jobs plan that would form the centrepiece of Anthony Albaneseâs budget reply speech next Thursday.
But a push from Labor MPs who are new parents to super-size the current Paid Parental Leave Scheme looks to have stalled, for now.
Opposition Leader Anthony Albanese with Labor MPs Alicia Payne, Amanda Rishworth, Matt Keogh, Anika Wells and Kate Thwaites and their new babies.
Credit:Alex Ellinghausen
A final decision on whether to offer a scheme that runs for 26 weeks at minimum wage for mothers, and up to eight for weeks for fathers and partners - and which would allow Labor to potentially outflank the government with a more women-friendly policy offering - wonât be taken until Wednesday.
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So Morrison and those around him are confident they have a majority of voters behind them on banning travellers. They are probably right. Voters have rewarded state premiers for slamming their borders shut. Morrison used to complain about Labor premiers like Mark McGowan and Annastacia Palaszczuk for doing this. Now he just copies them.
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But the Indian ban is not as popular as it first looked. Labor MPs like Ed Husic warned last week against severe restrictions on Australians coming from India. Then the Indian community responded with fury to the decision last weekend. Then some of the governmentâs own backbenchers caught up and pushed back. Why? Because they could feel the anger in their communities.