Business
Spending spree: retailers say budget will lift economy ‘out of the doldrums’ – Sydney Morning Herald
The chief executives of some of Australia’s largest retailers have praised the government’s budget for its job-making measures and income tax cuts.
Mr Lew’s Premier Investments, which owns brands such as Smiggle, Peter Alexander and Just Jeans, employs a number of young casual staff and therefore may significantly benefit from the new $200-a-week ‘JobMaker’ hiring credit introduced in the budget.
The company’s revenue is also under $5 billion, which means it is eligible for a new policy which will allow businesses to write off the full cost of any depreciable asset they buy before June 30, 2022.
“Treasurer
-
Noosa News19 hours agoBanana farmers still salvaging fruit four weeks after ex-Tropical Cyclone Alfred
-
Business24 hours agoBattle of the ASX ETFs: Why has VGS outperformed VTS this year?
-
Business23 hours ago5 things to watch on the ASX 200 on Monday 7 April 2025
-
Noosa News20 hours agoMeasles alert: Australia Zoo, Hospital ED, Sushi Hub, Holey Moley Mini Golf and train stations among QLD infection sites