SESAIIF

The Federal and South Australian Governments are offering investment of $12 million through the South-East South Australia Innovation and Investment Fund (SE SAIIF) to encourage businesses in South Australia’s south-east to boost jobs and innovation. The Fund is a joint initiative between the Australian and the South Australian governments and it is expected the investment will create new long-term…

Small Business $5K Tax Write Off

The Australian Government will provide Australian small businesses with an immediate tax write-off of the first $5,000 of any motor vehicle purchased from 2012-13.  Motor vehicles are the main capital item for many of Australia’s 2.7 million small businesses so this extra tax relief could deliver real benefits by improving cash flows and helping operators to reinvest…

Mortgage Exit Fees Outlawed

Legislation was passed by the Government today banning exit fees on mortgages for all new home loans from 1 July 2011.  This is seen as an important day for consumers because one of the biggest hindrance stopping Australians from getting a better deal on mortgages will finally be removed. This critical measure should help boost competition in the home loan market over time, by…

Credit Card Reform Introduced

Credit cards are an integral part of Australian families but can negatively impact family budgets.  Credit card operators have been free to impose unrealistic rules for a long time however, legislation was introduced into Parliament today to reform credit card regulations and give Australians a better deal at last. The credit card reforms include: The ACCC has advised there’s strong…

Small Business Advisory Services

The Small Business Advisory Services (SBAS) program offers grants of up to $100,000 (GST Ex) for eligible not-for-profit organisations to provide business advisory services to small businesses or small business owners to assist them in responding to natural disasters that have occurred in Australia since October 2010. Proposals funded by the SBAS programmay assist in…

Grand Challenges Exploration Grants

Grand Challenges Explorations is the grant scheme of the Bill & Melinda Gates Foundation offering businesses and organisations grants of $100,000 to support hundreds of early-stage research projects and ideas that have never before been tested.  Applications close 19 May 2011. Key features of the Grand Challenges Explorations initiative are: A short application. Two-page applications…

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Preparing For Exporting

If you are serious about business you should at least consider exporting. Here are some useful tips to prepare your business to successfully export: Contact Pattens at grants@pattens.com or 1800 PATTENS to receive a free consultation to maximise your entitlement to the Export Market Development Grant (valued at $500)  The EMDG scheme can help new exporters mitigate…

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