{"id":10418,"date":"2023-12-05T09:18:11","date_gmt":"2023-12-04T22:18:11","guid":{"rendered":"https:\/\/countax.com.au\/?post_type=weekly-digest&#038;p=10418"},"modified":"2023-12-05T09:21:10","modified_gmt":"2023-12-04T22:21:10","slug":"weekly-digest-06-december-2023","status":"publish","type":"weekly-digest","link":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/","title":{"rendered":"Weekly Digest \u2013 06 December 2023"},"content":{"rendered":"<p>Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy.<\/p>\n<h2>Jim Chalmers welcomes OECD prediction RBA has reached interest rate peak<\/h2>\n<p>The treasurer, Jim Chalmers, has welcomed a <a href=\"https:\/\/www.theguardian.com\/business\/2023\/nov\/30\/oecd-predicts-rba-interest-rate-rises-over-reserve-bank-of-australia\" target=\"_blank\" rel=\"noopener\">projection by the\u00a0OECD\u00a0<\/a>that the Reserve Bank has probably reached its interest rate peak but played down the prospect of the government posting a second successive budget surplus.<\/p>\n<h2>$392 million Industry Growth Program open for business<\/h2>\n<p>The Australian government has launched a<a href=\"https:\/\/www.minister.industry.gov.au\/ministers\/husic\/media-releases\/392-million-industry-growth-program-open-business\" target=\"_blank\" rel=\"noopener\"> $392 million Industry Growth Program<\/a> to\u00a0help start-ups and small businesses commercialise and grow their companies.<\/p>\n<h2>New insights on barriers to innovation highlight Australia\u2019s missing band of medium-sized businesses<\/h2>\n<p>Improving Australia\u2019s capacity to be resilient and to grow the economy requires more innovative small businesses scaling up to medium-sized businesses, <a href=\"https:\/\/www.industry.gov.au\/news\/new-insights-barriers-innovation-highlight-australias-missing-band-medium-sized-businesses\" target=\"_blank\" rel=\"noopener\">according to a new report<\/a> released by Industry Innovation and Science Australia (IISA).<\/p>\n<h2>Black Friday no &#8220;be all and end all&#8221; for sales as marketing costs bite<\/h2>\n<p>November is often dubbed the new December of retail sales with Black Friday as the jewel in the online crown, but the market has become more saturated in the past year with an <a href=\"https:\/\/www.businessnewsaustralia.com\/article\/article\/view\/article\/158092\" target=\"_blank\" rel=\"noopener\">increased cost of consumer acquisition.<\/a><\/p>\n<h2>Understanding Australia\u2019s declining R&amp;D performance<\/h2>\n<p>The rate of both\u00a0business\u00a0and\u00a0government R&amp;D has declined over the last decade, despite it being a time when technological change is accelerating. This decline is also an Australian problem, as rates have been stable or increasing in our advanced economy peers. So, what\u2019s going wrong? This Research Note examines the <a href=\"https:\/\/www.aigroup.com.au\/resourcecentre\/research-economics\/economics-intelligence\/2023\/understanding-australias-declining-rd-performance\/\" target=\"_blank\" rel=\"noopener\">dynamics of Australia\u2019s business R&amp;D performance<\/a> and focuses on business R&amp;D which accounts for just over half of the national total.<\/p>\n<h2>The 40-year-old change that has made the Reserve Bank\u2019s job easier<\/h2>\n<p>This month marks the 40th birthday of the<a href=\"https:\/\/www.watoday.com.au\/business\/the-economy\/the-40-year-old-change-that-has-made-the-reserve-bank-s-job-easier-20231130-p5eny9.html\" target=\"_blank\" rel=\"noopener\"> floating Aussie dollar<\/a>, which has helped us steer through some huge crises. But what is it? And how does it help?<\/p>\n<h2>ChatGPT celebrates one year: A year of breakthroughs in conversational AI<\/h2>\n<p>On November 30, we celebrated the first anniversary of ChatGPT, marking a <a href=\"https:\/\/dynamicbusiness.com\/topics\/technology\/chatgpt-celebrates-one-year-a-year-of-breakthroughs-in-conversational-ai.html\" target=\"_blank\" rel=\"noopener\">year filled with remarkable progress<\/a> since its initial introduction in the research preview phase.<\/p>\n<h2>The Australian goose that lays the (multi-billion dollar) iron ore eggs<\/h2>\n<p><a href=\"https:\/\/www.aspistrategist.org.au\/the-australian-goose-that-lays-the-multi-billion-dollar-iron-ore-eggs\/\" target=\"_blank\" rel=\"noopener\">China\u2019s demand for Australia\u2019s iron ore is the gift which keeps on giving<\/a>. It took off in the second half of 2005 and has helped to deliver the Australian economy an amazing $1.2 trillion since then.<\/p>\n<h2>Major cruise company to pull some ships from Melbourne ports over tax hike<\/h2>\n<p>A major\u00a0cruise\u00a0ship company will <a href=\"https:\/\/www.9news.com.au\/national\/carnival-australia-major-cruise-company-to-pull-ships-from-melbourne-ports\/4bb4d111-2d2a-47ad-968a-4eb8e798b5d5\" target=\"_blank\" rel=\"noopener\">pull two of its largest brands from\u00a0Melbourne ports<\/a> to protest an &#8220;unreasonable&#8221; tax hike. Carnival Australia&#8217;s Princess Cruises and Cunard will instead visit other interstate docks from 2025, in a move that will likely have a major impact on the state&#8217;s tourism economy.<\/p>\n<h2>Get in touch<\/h2>\n<p>Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n","protected":false},"featured_media":0,"comment_status":"close","ping_status":"closed","template":"","format":"standard","weekly-digest-topic":[],"weekly-digest-type":[],"weekly-digest-region":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Digest \u2013 06 December 2023 - Countax Pty Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Digest \u2013 06 December 2023 - Countax Pty Ltd\" \/>\n<meta property=\"og:description\" content=\"Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy. Jim Chalmers welcomes OECD prediction RBA has reached interest rate peak The treasurer, Jim Chalmers, has welcomed a projection by the\u00a0OECD\u00a0that the Reserve Bank has probably reached its interest rate peak but played down [...]Read More... from Weekly Digest \u2013 06 December 2023\" \/>\n<meta property=\"og:url\" content=\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Countax Pty Ltd\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-04T22:21:10+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/\",\"url\":\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/\",\"name\":\"Weekly Digest \u2013 06 December 2023 - Countax Pty Ltd\",\"isPartOf\":{\"@id\":\"https:\/\/countax.com.au\/#website\"},\"datePublished\":\"2023-12-04T22:18:11+00:00\",\"dateModified\":\"2023-12-04T22:21:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Weekly Digests\",\"item\":\"https:\/\/countax.com.au\/weekly-digest\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Weekly Digest \u2013 06 December 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/countax.com.au\/#website\",\"url\":\"https:\/\/countax.com.au\/\",\"name\":\"Countax Pty Ltd\",\"description\":\"Accountants in Bella Vista | Full-service Accounting, Mortgage Brokers &amp; Financial Planning in Bella Vista, Sydney\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/countax.com.au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-AU\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Weekly Digest \u2013 06 December 2023 - Countax Pty Ltd","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/","og_locale":"en_US","og_type":"article","og_title":"Weekly Digest \u2013 06 December 2023 - Countax Pty Ltd","og_description":"Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy. Jim Chalmers welcomes OECD prediction RBA has reached interest rate peak The treasurer, Jim Chalmers, has welcomed a projection by the\u00a0OECD\u00a0that the Reserve Bank has probably reached its interest rate peak but played down [...]Read More... from Weekly Digest \u2013 06 December 2023","og_url":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/","og_site_name":"Countax Pty Ltd","article_modified_time":"2023-12-04T22:21:10+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/","url":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/","name":"Weekly Digest \u2013 06 December 2023 - Countax Pty Ltd","isPartOf":{"@id":"https:\/\/countax.com.au\/#website"},"datePublished":"2023-12-04T22:18:11+00:00","dateModified":"2023-12-04T22:21:10+00:00","breadcrumb":{"@id":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-06-december-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Weekly Digests","item":"https:\/\/countax.com.au\/weekly-digest\/"},{"@type":"ListItem","position":2,"name":"Weekly Digest \u2013 06 December 2023"}]},{"@type":"WebSite","@id":"https:\/\/countax.com.au\/#website","url":"https:\/\/countax.com.au\/","name":"Countax Pty Ltd","description":"Accountants in Bella Vista | Full-service Accounting, Mortgage Brokers &amp; Financial Planning in Bella Vista, Sydney","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/countax.com.au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-AU"}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly_digests\/10418"}],"collection":[{"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly_digests"}],"about":[{"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/types\/weekly-digest"}],"replies":[{"embeddable":true,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/comments?post=10418"}],"version-history":[{"count":1,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly_digests\/10418\/revisions"}],"predecessor-version":[{"id":10419,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly_digests\/10418\/revisions\/10419"}],"wp:attachment":[{"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/media?parent=10418"}],"wp:term":[{"taxonomy":"weekly-digest-topic","embeddable":true,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly-digest-topic?post=10418"},{"taxonomy":"weekly-digest-type","embeddable":true,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly-digest-type?post=10418"},{"taxonomy":"weekly-digest-region","embeddable":true,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly-digest-region?post=10418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}