Abbott government introduces $400M industry policy, including $200M tax break for employee share schemes

by 5 days ago.

The stringent tax rules relating to employee share programmes is finally meeting its timely demise, a win for the Australian startup community. The Abbott government has today confirmed that it will introduce a $200 million tax break for employee share schemes, invest $188.5 million into innovation centres, and amend the 457 visa programme, as part of a $400 million industry plan.

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Melbourne entrepreneurs unveil their latest startup Pop! after selling 1Form to REA Group for $15M

by 6 days ago.

Ten months after selling 1Form to REA Group for $15 million, Melbourne-based tech entrepreneurs Chris Koch and Chad Stephens are ready to unveil their latest venture Pop!. Their new mobile app allows users to store, manage and control the personal details they give to companies online.

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