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Ombudsman pushes for HECS-style loans for small businesses

The small business ombudsman has called for the government to introduce a revenue-contingent loan program to help cash-strapped businesses weather tight cashflows. ....

Kate Carnell , Cameron Micallef , Australian Small Business , Family Enterprise Ombudsman Kate Carnell , Small Business Loans , Covid 19 , Cash Flow , கேட் கார்னெல் , கேமரூன் மிக்களிலேப் , ஆஸ்திரேலிய சிறிய வணிக , குடும்பம் நிறுவன ஆஂபட்‌ஸ்மந் கேட் கார்னெல் , சிறிய வணிக கடன்கள் , பணம் ஓட்டம் ,

HECS-style loans proposed for struggling businesses

Small Business and Family Enterprise Ombudsman Kate Carnell says a HECS-style loan could assist businesses which are still struggling as JobKeeper comes to an end.

“Fundamentally what we’re suggesting is revenue contingent loans,” she told Sky News.

Ms Carnell said industries which are particularly struggling include tourism, hospitality in CBDs, cinemas and event operators.

“We’re talking about those businesses that are still struggling . a loan would be available that they would only pay back when their revenue exceeds a particular amount,” she said.

“As you know with HECS you only pay it back when your wages exceed a particular level."

The revenue contingent loans would assist small businesses which will struggle due to a lack of cash after JobKeeper finishes in March.

"There are lots of businesses that have very real futures, they've just got to get through the next six months or so," she said.

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Kate Carnell , Small Business , Family Enterprise Ombudsman Kate Carnell , கேட் கார்னெல் , சிறிய வணிக , குடும்பம் நிறுவன ஆஂபட்‌ஸ்மந் கேட் கார்னெல் ,

Frydenberg banks on $200bn in savings to carry recovery

The Treasurer is counting on pent-up demand carrying Australia’s recovery across the line as JobKeeper ends and borders slam shut. Treasurer Josh Frydenberg estimates that there is now some $200 b ....

Kate Carnell , Josh Frydenberg , Lachlan Maddock , Treasurer Josh Frydenberg , Australian Small Business , Family Enterprise Ombudsman Kate Carnell , கேட் கார்னெல் , ல்யாக்லந் ம்யாடொக் , ஆஸ்திரேலிய சிறிய வணிக , குடும்பம் நிறுவன ஆஂபட்‌ஸ்மந் கேட் கார்னெல் ,

Kate Carnell calls for whole new software-focused R&D tax scheme

Australian Small Business and Family Enterprise Ombudsman Kate Carnell.
Small Business and Family Enterprise Ombudsman Kate Carnell has weighed in on the debate around the research & development tax incentive (RDTI), calling for a new, industry-specific scheme for businesses focused on software.
In a submission to the Select Committee on Financial Technology and Regulatory Technology in December, Carnell noted the RDTI “in its current form is unsuitable for software development”.
Indeed, businesses that used the incentive for software research have in the past been ordered to repay funds received under the scheme.
Either eligibility requirements for software technology need to be changed, Carnell wrote, or a new software-specific initiative should be introduced. ....

Kate Carnell , Benjamin Chong , Committee On Financial Technology , Senate Economics Legislation Committee , Australian Small Business , Family Enterprise Ombudsman Kate , Family Enterprise Ombudsman Kate Carnell , Select Committee , Financial Technology , Regulatory Technology , Right Click Capital , Federal Budget , கேட் கார்னெல் , பெஞ்சமின் சோங் , குழு ஆன் நிதி தொழில்நுட்பம் , செனட் பொருளாதாரம் சட்டம் குழு , ஆஸ்திரேலிய சிறிய வணிக , குடும்பம் நிறுவன ஆஂபட்‌ஸ்மந் கேட் , குடும்பம் நிறுவன ஆஂபட்‌ஸ்மந் கேட் கார்னெல் , தேர்ந்தெடுக்கவும் குழு , நிதி தொழில்நுட்பம் , ஒழுங்குமுறை தொழில்நுட்பம் , சரி கிளிக் செய்க மூலதனம் , கூட்டாட்சியின் பட்ஜெட் ,

Ombudsman calls for new software-specific R&D Tax Incentive

The Australian Small Business and Family Enterprise Ombudsman
Ombudsman calls for new software-specific R&D Tax Incentive
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has called for an industry-specific R&D Tax Incentive, saying the current system is hampering investment and growth in the sector.
In a submission to the Federal Government’s Financial Technology Inquiry, the Ombudsman described the R&D Tax Incentive as unsuitable for software development in its current form.
“The R&D Tax Incentive eligibility requirements need to be changed so that it is clear and simple to claim tax incentives under the existing scheme,” Ms Carnell says. ....

Kate Carnell , Government Financial Technology Inquiry , Australian Small Business , Family Enterprise Ombudsman Kate Carnell , Federal Government , Financial Technology Inquiry , Small Business , கேட் கார்னெல் , அரசு நிதி தொழில்நுட்பம் விசாரணை , ஆஸ்திரேலிய சிறிய வணிக , குடும்பம் நிறுவன ஆஂபட்‌ஸ்மந் கேட் கார்னெல் , கூட்டாட்சியின் அரசு , நிதி தொழில்நுட்பம் விசாரணை , சிறிய வணிக ,