Intellectual property (IP) represents creations of the mind and encompasses various legal protections. Here’s an insight into the primary types of IP: Copyright Copyright law shields the original expression of ideas, including literature, music, and art. Unlike the idea itself, the way it’s expressed is protected. For...
The difference between a lump sum withdrawal of super and a retirement income stream, and the tax consequences. Choose a lump sum or income stream When you meet the retirement condition of release, you can usually choose to withdraw your super as either a: super lump sum super income stream combination...
Australian businesses have weathered years of economic storms but the prime minister says the worst may be over in an optimistic pitch for the years ahead. Anthony Albanese will address business leaders at an Australian Chamber of Commerce and Industry dinner in Canberra on Wednesday. “When we...
People are not simply wondering if they can afford the life they lead, they are questioning if it is the life they want, an international humanitarian says. “If you start talking to people about what their lives are like right now, a lot of people will...
Cash bonuses for serving personnel will do little to improve retention rates, a veterans’ welfare organisation warns. The Albanese government on Tuesday announced a $600 million package to keep people in the military, while releasing the 2024 Defence Workforce Plan. An existing cash bonus scheme will be...
Middle and high-income Australians are set to benefit most from a plan to slash student debt but even then, it won’t significantly change their lives, an economist says. The federal government has promised to spend $16 billion on cutting debt by 20 per cent for more...
The major parties are being urged to declare their 2035 climate targets with the nation’s land mass already warming beyond 1.5 degrees. A group of independent MPs on Tuesday called for emissions reduction targets to be released before the next election, after recent the State of...
Treasury does not believe removing tax concessions for property investors would shift the dial for housing affordability, despite being asked to investigate the impact of the tax changes by the government. The department’s secretary, Steven Kennedy, said he has “strongly encouraged” the government to fix its...
Call wait times for people ringing Centrelink have dropped, while claims processing has sped up, data shows. The Albanese government will on Monday release Services Australia quarterly performance data for the first time, which will be released frequently in a bid to build trust and accountability. Government...
Breaking up major supermarkets could push up prices and hurt Australians, a peak business body warns. In a bid to tackle anti-competitive behaviour, the coalition has drafted laws that would break up or fine grocery giants who abuse their market power. This could decrease costs at the...