GoDaddy Snaps Up Aussie Web Design Marketplace Elto

Domain registration company GoDaddy has acquired Elto, an Australian web design marketplace based in San Francisco, for an undisclosed amount.

The acquisition is part of the company’s move to expand its customer offerings and resources for start-ups and small businesses.

GoDaddy has recently raised $605 million after listing on the New York Stock Exchange. Elto, which connects […]

PM Abbott Confirms Tax Cut for Big Companies a No-Go

The Federal Government will not go ahead with the promised company tax cut for big businesses, Prime Minister Tony Abbott confirmed at a business lunch in Sydney on Wednesday.

A week ago, the Commonwealth Treasury pushed for a tax reform that advocates less income and company tax, and more GST in Australia, in an attempt to […]

US-Based Small Business Lender OnDeck Expands to Oz

Great news for Aussie start-ups and entrepreneurs! OnDeck, the leading US platform for small business loans, is expanding into the Australian market – its first overseas market.

OnDeck will be collaborating with the country’s leading business accounting software provider MYOB. The award-winning online lender will also be partnering with prominent Australian tech investors including Gavin Solsky […]

Aussie Design Firm Canva Hits New Milestone with 2 Million Users

Not too many Aussie start-ups reach a milestone of 2 million users, but Sydney-based design startup Canva did in less than 20 months.

Canva, which raised $3 million funding from high-profile investors such as Lars Rasmussen and Bill Tai, is steadily gaining momentum and has had 600,000 users at its last funding round in July 2014.

The […]

CBA to Launch New Albert POS Device to Global Banks

Commonwealth Bank of Australia wants to change the way consumers pay with its newly launched Albert POS device.

The bank expects tens of thousands of this new technology to appear in Australian retail stores, cafes and restaurants, providing them and its customers with richer data on consumer spending patterns.

Albert, a wireless 7-inch Android tablet with a […]

Australia to Roll Out Google Tax to Multinationals

The Abbott government is planning to impose a levy on company profits in order to deal with diverted profits overseas cooked up by multinationals. The so-called Google tax, which will be rolled out from the federal government’s May budget, will benefit its initiatives to raise revenue and wring its political scheme from Labor.

Treasurer Jock Hockey […]

Aussie Transport Startups Set to Compete With Uber

A new crop of transport start-ups is gearing up to compete against Uber in Australia.

The fledgling sector claims to be cheaper, more convenient and greener than the taxi monopoly, offering service that range from fold-up scooters to designated drivers and anonymous rides in private cars.

Launched in April 2014, the small ride-share business could soon make […]

Treasury Urges Less Income Tax, More GST in Australia

The Commonwealth Treasury has forewarned the real possibility of broadening the base of the goods and services tax (GST) in Australia.

A tax discussion paper has been released, advocating a series of cuts in personal income tax and company tax, saying that Australia’s 10% GST is one of the lowest among developed countries. According to the […]

Retail Giant Myer Sued By Shareholder After Profit Downgrade

Australia’s largest department store group, Myer Holdings, is facing a lawsuit by a shareholder who claims “loss and damage” due to 23% fall in profit.

The claim states that shareholders have been led to believe that profits would be higher.

Melbourne City Investments Pty Ltd (MCI) has launched legal proceedings against the retailer over losses resulting from statements […]

Surfwear Retailer Billabong Rejects Shareholder Court Action

Billabong International intends to reject a shareholder class action claim over market disclosures it made in 2011, that is, the earnings downgrade that resulted in massive share price falls.

The struggling surfwear retailer said on Thursday that it had received notice of the said lawsuit from the Federal Court of Australia.

A year ago, Australian law firm […]

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