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The Federal Budget confirms Australia’s borders won’t be opening until mid-2022, reaffirming comments made by Treasurer Josh Frydenberg on Monday.
Australia’s international borders have effectively been closed since March 2020.
There are currently more than 34,000 Australians currently situated overseas who wish to return home, and the government has announced further repatriation flights.
Still holding out hope that you’ll be able to jet off to some glitzy international destination before the end of the year? Forget it – because the Federal Budget makes clear that international travel likely won’t be a possibility until mid-2022.
The Budget outlines a set of assumptions which underpin its economic forecasts, and one of those assumptions is that international travel – both coming in and leaving Australia – will remain low until the middle of next year.
Universities body calls for loans for ‘micro-credentials’
Business Insider Australia.
The push comes as part of 12 recommendations to the federal government ahead of next Tuesday’s budget. The peak body has suggested the removal of upfront payments for short courses in in-demand industries would mutually benefit prospective students and the struggling higher education sector.
The proposed loan would cover ‘micro-credentials’ designed to enable those looking to study, particularly Australians working full-time, to gain certifications that are not formal degrees or qualifications, but are still assessed and provide additional or complementary learning. The peak body said the higher education loan programme, formally known as HECS, should be extended to cover these credentials, which would also help the university sector recover revenue lost since the start of the pandemic.
A growing number of Australians are using their super to trade cryptocurrency. Some say the risky strategy has paid off in a big way. Jack Derwin Cryptocurrency exchanges are welcoming a flood of Australians onboard as they look to invest their super. (Natalia FedosenkoTASS via Getty Images)
Cryptocurrency exchanges are seeing a flood of signups for their SMSF products, as Australians look to invest their retirement savings into digital assets.
BTC Markets has revealed that the platform had seen SMSF applicants increase fivefold and that Australians were actively trading tokens within their funds.
Business Insider Australia spoke to a few SMSF trustees who have invested heavily into cryptocurrencies about how they trade and how much they ve made.
Senator Andrew Bragg has promised policymakers will deliver for the crypto sector within six months. (Alex Ellinghausen, SMH)
Senator Andrew Bragg has acknowledged that the federal government has failed to keep up with the cryptocurrency sector but that the “key issue” will be delivered on within six months.
In a keynote address to Blockchain Week, the policymaker said it was essential so as not to lose jobs and talent to overseas competitors like Singapore.
Business Insider Australia spoke with some of the country’s exchanges on what the situation is like currently and what the future looks like for the industry.