Here at
SmartCompany, we’ve spent most of this week unpacking the federal budget, so this startup funding round comes a little later than usual.
But that doesn’t mean we haven’t been keeping an eye on Aussie startup funding news. And Treasurer Josh Frydenberg wasn’t the only one throwing millions of dollars around this week.
Here are some of the stories you might have missed.
Athena
Alternative lending fintech and disruptor of traditional finance institutions Athena has raised a massive $90 million in Series D funding.
Led by SquarePeg, the raise also included contributions from a swathe of high-profile investors AirTree, Macquarie Bank, AustralianSuper, Hostplus, Sunsuper, Salesforce Ventures and Apex Capital all making repeat investments.
Budget 2021: Few surprises for property investors
By Fergus Halliday
11 May 2021
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1 minute read
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Treasurer Josh Frydenberg has revealed the latest federal budget, and what it means for property investors in regards to capital gains tax, superannuation and negative gearing.
Those with a stake in the Australian property market can sleep easy after the official unveiling of the 2021 federal budget.
Here’s a quick summary of all the schemes, funding and details of the 2021 budget that are relevant to Australian property investors.
Negative gearing and capital gains
While the 2021 budget includes a number of measures relevant to property investors, it doesn’t directly address or change existing arrangements around the critical mechanism of negative gearing nor does it touch capital gains tax.
May 6, 2021 Share
The Australian government on Wednesday faced a court challenge to its temporary Indian travel ban brought by a 73-year-old citizen stranded in the city of Bengaluru.
The government is resisting growing pressure to lift the travel ban imposed last week until May 15 to reduce COVID-19 infection rates in Australian quarantine facilities.
Lawyers for Gary Newman, one of 9,000 Australians prevented from returning home from India, made an urgent application to the Federal Court in Sydney on Wednesday for a judge to review the travel ban imposed under the Biosecurity Act by Health Minister Greg Hunt.
Lawyer Christopher Ward told the court one of the grounds was related to questions of proportionality and reasonableness. Two grounds were based on statutory interpretation and a fourth questioned the ban’s constitutionality.
Rod McGuirk May 05, 2021 - 12:39 AM
CANBERRA, Australia - The Australian government on Wednesday faced a court challenge to its temporary Indian travel ban brought by a 73-year-old citizen stranded in the city of Bengaluru.
The government is resisting growing pressure to lift the travel ban imposed last week until May 15 to reduce COVID-19 infection rates in Australian quarantine facilities.
Lawyers for Gary Newman, one of 9,000 Australians prevented from returning home from India, made an urgent application to the Federal Court in Sydney on Wednesday for a judge to review the travel ban imposed under the Biosecurity Act by Health Minister Greg Hunt.