Smart Company (Australia)

SmartCompany is Australia's top online platform that offers free news, insights, and resources aimed at entrepreneurs, as well as owners and managers of small to medium-sized businesses.

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New Industry Minister Tim Ayres once proposed an inheritance tax to fund youth businesses

3 days ago | smartcompany.com.au | Tegan Jones

Prime Minister Anthony Albanese announced a major cabinet reshuffle yesterday and appointed New South Wales Senator Tim Ayres as the new Minister for Industry, Science and Resources. Ayres takes over the portfolio from Ed Husic, who was removed during the reshuffle despite his prominent role in advocating for tech and innovation policy.
Anne Aly, Tim Ayres take over small business and industry portfolios in Albanese's new cabinet

4 days ago | smartcompany.com.au | David Adams |Tegan Jones

Labor MP Anne Aly will serve as Australia’s next Minister for Small Business, with colleague Tim Ayres taking on the Industry portfolio, after a major reshuffle to Prime Minister Anthony Albanese’s cabinet. Albanese on Monday confirmed Aly will take over from Julie Collins, small business minister since 2022, who will retain her existing position as Minister for Agriculture, Fisheries, and Forests.
Husic warns against ‘timidity’ in tech policy amid cabinet shakeup

4 days ago | smartcompany.com.au | Tegan Jones

After being removed as the Minister for Industry and Science, Labor MP Ed Husic has warned that Australia needs to overcome its ‘timidity’ when it comes to technology policy. He has also urged the Albanese government to adopt a bold growth agenda driven by innovation. In an interview on ABC’s Insiders, the former minister said while the government had made progress, more ambitious changes were needed to ensure the nation’s economic future. “I still think a company tax cut should be looked at.
Daniel Ricciardo offered 20% stake in Melbourne’s Drivers beer... for free

1 week ago | smartcompany.com.au | Tegan Jones

Former Australian F1 driver Daniel Ricciardo has been offered a 20% stake in Melbourne’s newest non-alcoholic beer brand, Drivers, for free. Dubbed the ‘Riccstarter,’ the pitch from Drivers is a public appeal to get the beloved Aussie racing star on board as a business partner. Launched just two months ago, Drivers is already making a splash with its unconventional approach to building a brand.
Coalition SME spokesperson Sussan Ley challenges for Liberal Party leadership

1 week ago | smartcompany.com.au | David Adams

Sussan Ley will contest for the Liberal Party’s leadership, with the Coalition’s small business spokesperson pledging change after a dramatic election wipeout. The deputy leader announced her tilt at the Liberal Party leadership Friday morning, nearly a week after former Opposition leader Peter Dutton was ousted from his seat in the federal poll.
Five Aussie startups that raised $87.1 million this week

1 week ago | smartcompany.com.au | Eloise Keating

Digital business cards, AI agents and palm oil alternatives: this week’s funding round-up showcases just some of the exciting innovations being developed by Australian startups. Keep reading to learn more about five local companies that collectively raised $87.1 million this week. Melbourne-founded startup Blinq leads this week’s funding round-up with a $38.4 million (US$25 million) investment that is being billed as the largest Series A round by an Australian company so far this year.
Good bot, bad bot: Why e-commerce might move beyond proving you're a human

1 week ago | smartcompany.com.au | David Adams

Type these letters. Find the squares showing a traffic light. Click this box to prove you’re a human. It’s a process familiar to any online shopper, with businesses using complex tools to stop digital bots from exploiting their webstores. Related Article Block Placeholder Article ID: 316040 But artificial intelligence-powered commerce could upend how local businesses think about bots, according to Stripe’s Australian chief.
Ed Husic dropped from Albanese's new-look cabinet, opening industry and science ministry role

1 week ago | smartcompany.com.au | David Adams |Tegan Jones

Labor MP Ed Husic has reportedly lost the title of Minister for Industry and Science in Prime Minister Anthony Albanese’s new-look cabinet, as internal party debates shape federal Labor’s next term. The ABC reports Husic will lose the role as Albanese rebalances the factional make-up of his inner sanctum, following last weekend’s thunderous federal election victory.
Australia Post to snap front door photos, proving attempted delivery

1 week ago | smartcompany.com.au | David Adams

Business owners will soon be able to view a ‘happy snap’ taken by an Australia Post employee to confirm whether an attempt to deliver parcels has been made. A notification of a change in delivery processes hit the inboxes of Australia Post customers this week, and they’ve been told they can expect to see further evidence of attempts to get parcels to customers on time.
UNSW Founders to fund 18 startups with $200,000 each

1 week ago | smartcompany.com.au | Tegan Jones

UNSW Founders, which runs out of the University of New South Wales, has announced a landmark partnership with Luminary Partners, saying it has become Australia’s best-funded accelerator program. As part of the deal, the accelerator will invest $200,000 into each of the 18 startups selected in its 2025 cohort. This collaboration marks the largest public-private partnership between a university-based accelerator and a venture capital firm in Australia.