Navigating rental relief with Law Squared

We know a lot of our friends with commercial and retail leases are doing it tough – whether that’s because they’re running on reduced capacity, or their businesses are currently shut – however, there is finally some rental relief reprieve from state governments in addition to the rental relief measures in place from last year.

The NSW and VIC governments have just released updated Regulations which allow each business on a commercial or retail lease to seek rental relief from their landlord.

To help you kick start these conversations with your landlord, our friends at Law Squared have once again created some free resources which will provide guidance on the arrangements you can come to with your landlord given the difficult economic times caused by COVID-19.

These include:

  1. Rental Relief Fact Sheet and Letter to Landlord (Victoria): Given the substantial differences between the 2020 Regulations and the recent Regulations, the Law Squared Fact Sheet provides great insights on the differences. You can then utilise the template letter which should form the basis of your rental relief request with your landlord. There are a series of input fields and comments throughout the letter to assist you in customising the letter for your business/leasing needs.
  2. Rental Relief Calculator (Victoria): The Regulations outlines a number of tests to be applied to determine the rent waiver and deferral amounts. Law Squared have created a calculator to assist you in determining the relevant amounts.
  3. Rental Relief Letter to Landlord (New South Wales): You can then utilise the template letter which should form the basis of your rental relief request with your landlord. There are a series of input fields and comments throughout the letter to assist you in customising the letter for your business/leasing needs.

These resources are now available for free through the Law Squared website.

If you have any queries related to the rental relief resources, please do not hesitate to reach out to Law Squared Founder, Demetrio Zema (dzema@lawsquared.co) or a member of the Law Squared team. They are more than happy to assist you during these unprecedented times.

7 Ways to Secure Funding for your Tech Startup

Australian technology startups have certainly shone on the global stage in recent years. Brilliant minds across software, artificial intelligence, machine learning, automation, and other related fields have contributed major innovations within the tech space.building start-up tech

Getting any new business off the ground is no easy feat though. And in a hyper-competitive field such as technology, it can be particularly challenging.

If you’re embarking on a new venture, it’s likely that funding is weighing heavily on your mind. Whether you’ve only just begun or are almost ready to go to market, funding could be the ticket to get you to the next stage in your business journey.

Here are 7 ways to help you drum up cash so you can take those all-important next steps – be it testing new ideas, hiring new employees, or preparing to launch.

Read full article here

Global Open Finance Challenge

This November, four leading banks from across the globe are joining forces to explore the future of finance in the Global Open Finance Challenge. The event will be co-hosted by NAB (Australia), ITAU (Brazil), NatWest (UK) and CIBC (Canada), and is the first of its kind.

The Global Open Finance Challenge is a week-long virtual event that will bring together teams from around the world to pitch API-enabled propositions on a global stage. Participants will receive mentoring from respected banking executives and ventures teams before going head-to-head with their ideas.

The top four teams will each have the opportunity to participate in a post-event tailored incubation program. This program will include the following:

  • Proof of Concept with a Bank: a dedicated in-bank team to collaborate and support a proof of concept, including feedback from front-line and customer research groups.
  • Ventures Pitch: Post-Event Teams will have the opportunity to pitch to all of the Banks’ ventures teams
  • Local Market Guidance: Post-Event Teams will receive exclusive meetings where in-bank teams will provide education on the Banks local market environments.
  • Senior Leadership: exposure to internal decision makers for networking relationship support and partner discussion
  • Media Coverage: the winning teams will be featured in press releases across global and local banking, fintech, and technology media channels
  • Solution Architecture: expert consultants from Amazon Web Services (“AWS”) will provide support on functional and technical designs

Your opportunity to build an API-enabled concept in response to one of the following challenges: 

  • Experience: How can we better serve our corporate and business customers, and the public at large, by delivering high-value digital services?
  • Convenience: How can we help current and new customers access banking services through more convenient or relevant digital channels?
  • Sustainability: How can we find innovative ways to help our customers make better decisions around climate and sustainability?

Registrations close 26 September, 2021

Where: Online

Cost: Free

Registration and more infowww.globalopenfinancechallenge.com

 

Why participate?

    • Growing and nurturing domestic talent and ideas to solve global problems
    • Teams can access APIs from 4 global banks (which normally have a hire barrier to entry to obtain accreditation to leverage) which is a great chance for Aus start-ups to test their solutions in new marketing
    • The above complimented by the fact winners will get a PoC with the global banks – all banks have committed – A great opportunity for AUS start-ups to expand overseas with the help of local banks and AWS
    • NAB Ventures are supporting finalist teams – great chance for businesses to showcase to the team
    • IP remains with the participants – the banks will not own any of the IP
    • The judges are all the banks CEOs  AND the CTO of Amazon Group
    • Opportunity for students to showcase their work front of global banking, VC and Amazon execs
    • Mentorship is included in the process so are webinars, fire side chats, networking and pitch workshops – all online

Boost your tech business’s cash flow with government incentives

How can you boost your tech business’s cash flow with government incentives?

When you launch a startup, it’s natural to think being cash strapped comes with a territory. After all, you’ve likely seen plenty of movies and heard stories about the endless struggles of entrepreneurs who endure years of hard work before making a single penny.

However, our experience in the real world proves this doesn’t always need to be the case.

Although it’s reasonable to expect long hours as you invest all your time and energy into getting your venture off the ground, there are smart steps you can take totech business’s cash flow with R&D grants minimise the time it takes to reach a cash flow positive state.

And while you may be consumed by the technical activities of your business (where your passion lies), partnering with an advisor who can help you identify and take these smart steps can make all the difference.

One way an advisor may do this is by leveraging all available tax incentives and grants. Some of these are particularly valuable to technology companies and can provide a much needed cash injection into your business.

READ THE FULL ARTICLE HERE

Sydney Stock Exchange join FinTech Australia’s partnership program

Sydney Stock Exchange (SSX) has joined FinTech Australia’s corporate partnership program, becoming the 13th new major member it has signed on in a year. SSX joins existing partners Xero, Amazon Web Services (AWS), Mastercard, EY, Facebook, Google, eftpos, IDEMIA, Regional Australia Bank, RSM Australia and the Newcastle Permanent Building Society.

The partnership program embeds companies within the fintech ecosystem and networks them with its key players.

“We look forward to working with the SSX as it looks to grow its presence in the fintech industry,” FinTech Australia CEO Rebecca Schot-Guppy said. “With many of our members considering their options for capital and the fintech industry rapidly growing, we believe it’s an ideal time for SSX to help educate members on their options for fundraising.”

“As a growth company with international reach, the Sydney Stock Exchange is a natural partner for Australian fintechs. Our entry requirements are more supportive, and our ongoing administration is far more efficient. With the benefits of being listed, we help fintechs access the capital required to reach their potential.” Michael Go, CEO of Sydney Stock Exchange.

About FinTech Australia

FinTech Australia is a national association for the Australian FinTech Start-up community. Our vision is to make Australia the leading market for FinTech Innovation and Investment by working with both sides of Government, Industry and the Australian FinTech community to create a supportive environment and partner ecosystem in Australia and abroad.

About Sydney Stock Exchange 

SSX aims to support businesses to take the next step in their growth strategy.

SSX is an efficient, cost-effective listing venue which supports growth-oriented companies raise the capital they need to reach their potential. Through connections to global markets, SSX offers qualifying companies the opportunity to access capital internationally.

SSX Contact

Listings
getlisted@ssx.com.au
02 9217 2739

Media contact

Harrison Polites
harrison@themediaaccelerator.com.au
0409 623 618

How to structure your tech company to get the most from your people

Often, tech companies get started on a wish and a prayer.

The founders have a great idea, apply for an Australian Business Number (ABN), or set up a company, and don’t give the structure of this new business a second thought as they barrel forward with hours upon hours of development activities.

While setting up a company might provide some sense of security in the short term, the longer that founders go without properly evaluating their structure, the more difficult and expensive it is to change in the future.

This may not mean much in the early days, but when the value of intellectual property begins to increase so too do founder’s concerns about protecting it.


Start with the end in mind While setting up a company might provide some sense of security in the short term, the longer that founders go without properly evaluating their structure, the more difficult and expensive it is to change in the future.  

Every business needs a structure that is fit for purpose.

This means it aligns with the founder’s vision and goals for the business, such as whether they wish to:

 – grow the business
– run and hold the business
– publicly list the business
– sell the business

Even if the ideal structure or end state is not yet known, most (if not all) possibilities can be accessed if the structure provides enough flexibility from the onset.

A company is not always the best structure, and the same applies with a trust. The right structure considers a wide variety of elements – from who is involved in the company to the types of products and services you offer, to how and where you operate.

The disbursement of profits, application of capital gains tax, implications of tax across multiple jurisdictions and so on, can have a big effect on your ability to reach a cash flow positive state sooner rather than later.

READ THE FULL ARTICLE HERE

FinTech Australia adds Xero to its partnership program

FinTech Australia’s corporate partnership program has added its 12th major new member within a year, with Xero, the global small business platform, joining the program.

The growing partnership program embeds companies within the fintech ecosystem and networks them with its key players.

Other companies involved in the program include: Amazon Web Services (AWS), Mastercard, EY, Facebook, Google, eftpos, IDEMIA, Regional Australia Bank , RSM Australia and the Newcastle Permanent Building Society.

“We welcome Xero to our program, and look forward to working with them to reinforce the company’s strong connections in the Australian fintech industry.” FinTech Australia CEO Rebecca Schot-Guppy said.

“Having welcomed Xero as a partner is yet another indicator of the strong demand for collaboration with Australia’s booming fintech sector, reinforcing its position as a driver of overall economic growth”

Ian Boyd, Director of Partnerships APAC, Xero, said: “We look forward to working with FinTech Australia to drive greater visibility of the innovation being led by fintechs in Australia, and to coordinate with others on technology related policy. The recent Intersekt conference was a key example of the vibrant industry engagement FinTech Australia is fostering.”

Media contact

Harrison Polites
harrison@themediaaccelerator.com.au

0409 623 618

About FinTech Australia

FinTech Australia is a national association for the Australian FinTech Startup community. Our vision is to make Australia the leading market for FinTech Innovation and Investment by working with both sides of Government, Industry and the Australian FinTech community to create a supportive environment and partner ecosystem in Australia and abroad.

RSM Australia joins FinTech Australia as a Goldpartner

RSM Australia (RSM), one of the largest mid-tier accounting firms in Australia, has joined FinTech Australia’s corporate partnership program as a gold partner.

RSM is now the 10th company to join the program in a year. Other members include Amazon Web Services (AWS), Mastercard, EY, Facebook, Google, eftpos, IDEMIA, Regional Australia Bank and the Newcastle Permanent Building Society.

“We welcome RSM to our partnership program, which has gone from strength to strength over the past year, with each new member it becomes an even better offering for both companies and fintechs. FinTech Australia CEO Rebecca Schot-Guppy said.

“All the members of this program attended Intersekt last month and connected directly with thought-leaders and key founders in the ecosystem. This was one of our largest gatherings in the ecosystem to date, with over 700 delegates attending both in-person and virtually.”

“RSM’s services align very closely with the needs of the sector as it continues to raise capital and grow. We look forward to helping the company network and leverage its expertise on the key issues affecting the sector.”

RSM’s entry into the partnership program is an extension of the deep work the firm has been doing with the fintech industry.

“We have been advising clients at every stage of the lifecycle of a fintech start-up around Australia. Our fintech specialists are able to provide strategic and efficient solutions to navigate constantly evolving platforms and technologies as well as regulatory, tax and business issues that are unique to the industry,” RSM’s partner and national technology lead Andrew Sykes said. 

The FinTech Australia partnership program helps embed these companies within the fintech ecosystem and networks them with its key players.

Media contact

Harrison Polites
harrison@themediaaccelerator.com.au

0409 623 618

About FinTech Australia

FinTech Australia is a national association for the Australian FinTech Startup community. Our vision is to make Australia the leading market for FinTech Innovation and Investment by working with both sides of Government, Industry and the Australian FinTech community to create a supportive environment and partner ecosystem in Australia and abroad.

About RSM Australia: 

RSM Australia is an independent member firm of RSM which is the 6th largest professional services accounting and consulting organisation in the world. With this certification, RSM becomes the first mid-tier accounting firm in Australia to undergo this rigorous information security certification process encompassing all the business and corporate functions in the firm. 

Intersekt 2021: Marketing Guide!

Why download this guide?

  • Access to 13 tried-and-tested marketing tips that you can implement immediately before Intersekt
  • Get an overview of everything you can do to generate more leads and better brand awareness at Intersekt, even if you’re not sponsoring the event. 
  • Practical ideas ranging from SEO, Google Ads, Social Media, Email marketing and more. 
  • Includes a thorough Checklist that you can hand over to your marketing teams to execute. 

About Rocket
Rocket is an award-winning independent agency that specialises in generating leads and sales for established Australian businesses. This guide includes advice from some of the best digital marketers in Australia – aimed to enable you to deliver better marketing results.

IDEMIA, G+D and NXP launch WLA to offer smart card and online payment firms an independent contactless payment standard

The White Label Alliance (WLA) was formed in response to increasing global demand for next-generation, independent payment solutions. WLA consolidates and sets independent standards for contact and contactless cards, mobile and other form factors and payment terminal acceptance. WLA has also signed a strategic licensing agreement with JCB. (more…)

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Videos

Ep 2: Fintechs Acceleration of Growth Since COVID

Ep 1: The Evolution of Payments

Scaling Product Globally

Podcasts

Lee Hatton – Afterpay: FinTech Australia Podcast

Anthony Jones – Visa AUS/NZ

Tim Cameron – TransferWise