Business and Finance

  • Treasurer and Finance Minister provide joint update on the economic impacts from the coronavirus

    In a joint update this week from the Hon. Josh Frydenberg MP, Treasurer of Australia, and Senator the Hon. Mathias Cormann, Minister for Finance, the two stated that the Federal Government has taken "decisive a... more
  • Report reveals the ASX-100 directors leading Australia’s economy

    Australia’s corporate response to the coronavirus (COVID-19) pandemic is being led by 563 people, whose identities and remuneration have been revealed in a brand-new comprehensive analysis of the nation’s b... more
  • IMF expects economic growth in Australia to rebound

    The International Monetary Fund’s (IMF) latest World Economic Outlook (WEO) sees faltering and forecasts negative global growth of - 3 per cent in 2020 due to the coronavirus (COVID-19) pandemic. On Monday... more
  • lending

    Businesses get support through $40 billion of lending

    The Federal Government has made the first round of offers to banks and non-bank lenders to participate in the Coronavirus SME Guarantee Scheme to support small and medium sized businesses (SMEs) get access to w... more

Dividends expected to recover post COVID-19

The COVID-19 global pandemic has rapidly evolved into the unexpected and far-reaching shutdown of large parts of the global economy, sharply reducing short-term demand for goods and services, as well as disrupting manufacturing and supply chains. Scott Kelly, portfolio manager at DNR Capital says over half of ASX200 companies have downgraded or withdrawn future earnings guidance due to the lack of visibility in assessing the duration and severity of the COVID-19 pandemic. “Company dividends are also likely to come under pressure as management teams and Boards respond to the disruption resulting from the ... more

Joint ventures on the increase in mining finance, says industry specialist

There are a number of alternative sources of finance available to mining companies, such as strategic investments, joint ventures and equity-based fundraisings, but what do miners need to know before they take the plunge? GlobalData’s mining writer, Yoana Cholteeva, spoke to Alexander Keepin, corporate finance partner at international law firm Bryan Cave Leighton Paisner, to find out more about these options and which ones are currently popular. “Mining companies tend to use a few [finance] sources,” detailed Mr Keepin. “There’s commodity-based finance, such as royalty finance metal streams o... more

NSW election: New incentives for investment in renewables

The New South Wales 2019 election campaign saw a focus on small and medium enterprises, as well as new incentives for private sector investment in renewables. Additional funding has been announced for large-scale, on-demand clean energy projects in collaboration with the private sector via the Emerging Energy Program. Funding will increase from $55 million in 2019­–20 to $75 million in 2020–21. The funding is part of the NSW Governments 'renewable' initiatives, designed to incentivise private investment in sustainable power solutions. The NSW Government has further promised regulatory changes in suppo... more

Australian businesses can win in US-China trade war

Australian businesses can win in the US-China trade war with careful planning and execution of their trade strategy according to research by PwC Australia. PwC’s modelling finds Australian technology businesses stand to gain the most from the trade war if proposed restrictions on Chinese investment in US technology companies are implemented. Australia’s manufacturing sector is predicted to see increases of 5 per cent in investment and 20 per cent in exports, which will result in a AUD1.1 billion increase to Australia’s GDP over the next 12 months. The Australian mining and resources sector will be... more

Research uncovers why we share or hide knowledge from co-workers

Employees who enjoy their jobs and gain meaning from their roles are more likely to share information with their colleagues, new research led by Curtin University has found. The research, published in the Journal of Organizational Behavior, explored what motivates an employee to share knowledge with their team members, while also aiming to understand why some might intentionally withhold or conceal information that has been requested by another colleague. Lead author Professor Marylene Gagne, from the Future of Work Institute based at Curtin University, said organisations can benefit from encouraging their... more

SMEs delay business decisions until after the Federal Election

Australian small businesses are concerned about the impact of the impending Federal Election and are delaying critical business decisions, which could impact job growth and investment, according to new survey results in the Westpac Small Business Report in collaboration with Deloitte. The report reveals 50 per cent of small businesses are worried or uncertain about the impact election policies will have on their operations, and they are choosing to delay decisions such as staffing and investment. An estimated 40 per cent of new jobs in the economy are created by small businesses each year, which is equiva... more

​Serious worker exploitation becomes criminalised

The Federal Government has confirmed that it has accepted in principle all 22 recommendations of the Migrant Workers’ Taskforce Report, including criminalisation of serious worker exploitation and establishing a National Labour Hire Registration Scheme. The aim is to protect vulnerable workers, and Minister for Jobs and Industrial Relations Kelly O’Dwyer said the exploitation of workers in Australian workplaces is not only illegal, it harms individuals, undercuts law-abiding employers and reflects poorly on Australia’s international reputation. “For the very first time we will introduce criminal sa... more

Greenhouse gas emissions and climate change contribute to coal mine refusal

In an Australian first, development consent for a new coal mine was refused by the Land and Environment Court of NSW (the Court) for reasons that included its material greenhouse gas (GHG) emissions and contribution to climate change. This decision is the latest in a long line of climate change litigation cases, and part of an increasing trend in NSW and Victoria, and internationally, for proceedings to be brought opposing development on the basis of climate change. This represents an additional approval risk of which companies need to be aware and which they need to adequately address in the application and ... more

Seven deadly sins of joint ventures under competition law in the resources sector

This article identifies seven competition law pitfalls in joint ventures in energy and resources sectors. It is very common for businesses to seek to coordinate or collaborate for the purposes of exploration, study, bidding, development, production or supply in the energy and resources sectors. Often that collaboration comprises one or more of the following: arrangements between entities with similar interests in the exploration, development or acquisition of a resource or product; arrangements between entities with similar capabilities to: jointly develop, produce, supply and market; jointly de... more

Further exploration land released in Queensland

While announcing the recent round of successful tenders for the exploration of coal and minerals in Queensland, Minister for Natural Resources, Mines and Energy, Dr Anthony Lynham, declared more land open for exploration across the State. The move to unlock further land for exploration follows a recent geological report commissioned by the Queensland Government that substantially upgraded coal reserve estimates across the State’s coal provinces. Coal reserves upgrade  The announcements were said by Queensland Resources Council Chief Executive, Ian Macfarlane, to evidence the opportunities for investm... more

SA Royal Commission finds Murray-Darling Basin Plan partly unlawful

On 29 January 2019 the South Australian Murray-Darling Basin Royal Commission (Royal Commission), constituted by Bret Walker SC as Commissioner, delivered its almost 800 page report to the South Australian Government. The Murray-Darling Basin Royal Commission Report (Report) was promptly released to the public. Climate change The Commissioner's findings in relation to climate change were that climate change had not been considered by the Murray-Darling Basin Authority (MDBA) in relation to the setting of the Sustainable Diversion Limits (SDLs) under the Basin Plan. This was a fundamental problem from a le... more