Sign Up
..... Australian Property Network. It's All About Property!
Categories

Posted: 2021-06-08 23:26:09

Good morning all.

1. Melbourne’s lockdown is set to end on Thursday, but some restrictions are still expected. The SMH and the Age report that Melburnians will be restricted to travelling no more than 25 kilometres from their homes. Masks will likely still be required indoors, density caps will apply at venues and limits will apply to household and outdoor gatherings.

2. New South Wales accounts for seven of the top 10 highest-earning postcodes in Australia, according to new Australian Taxation Office data. Double Bay ranks #1, with residents claiming an average taxable income of $202,598. Medical professionals secured the top three highest-earning vocations, while the figures also outline the gender pay gap and disparities in superannuation holdings.

3. The NSW government will extend its Dine and Discover voucher program to include the upcoming school holidays. Consumers have redeemed less than half of almost 17 million vouchers issued so far, said NSW Treasurer Dominic Perrottet. “This is helping to fire-up our economy,” Perrottet said. “It’s not just boosting revenue for businesses, it’s bringing a fresh clientele through their doors eager to try a new eatery or exciting activity.”

4. On Tuesday, startup Endua launched in collaboration with Main Sequence, the CSIRO and Ampol. The business has its eye on creating hydrogen-powered energy storage solutions, cutting down on 200,000 tonnes of carbon emissions annually. It could help make renewable energy available 24 hours a day by developing new affordable technology.

5. Businesses are free to run competitions and reward schemes for Australians fully vaccinated against COVID-19, the nation’s medicines watchdog says. In a statement this week, the Therapeutic Goods Administration gave the green light to rewards like “store vouchers, discounts or frequent flyer points”. Qantas has already revealed plans to offer such rewards, as hard-hit businesses attempt to combat vaccine hesitancy nationwide.

6. E-scooter riders are being left in limbo in Australia as state governments remain divided on the buzzy mode of transport. New South Wales has refused to allow trials to go forward, despite some Australian cities boasting of their success. Neuron Mobility’s Australian head of operations Richard Hannah told Business Insider Australia the scooters have helped cut pollution, congestion, and create jobs where they have been permitted.

7. A widespread internet outage hit sites including those of the White House, Shopify, and Reddit early Tuesday. Some Australian news sites were also affected. The outage appeared to be linked to the content-delivery network Fastly. Fastly reported problems last night Australian time, and the issue appeared to be fixed roughly an hour later. This kind of CDN outage seems to happen every now and then these days.

8. The FBI’s recovery of ransom bitcoin from a hacker wallet has raised questions about the cryptocurrency’s security. Bitcoin fans have long said the crypto is a government-free zone, unfettered by state scrutiny. But the US move has thrown that idea into doubt, analysts said, and sent bitcoin tumbling.

9. A new report from ProPublica shows how little the richest people in the world pay in income tax. Figures like Jeff Bezos, Elon Musk and Warren Buffett use legal loopholes to pay little tax – or sometimes no tax at all. For example, From 2014 to 2018, Musk paid $455 million in taxes on $1.52 billion in income. But his wealth ballooned by $14 billion during the same period.

10. Apple settled a lawsuit involving a woman who said iPhone repair workers leaked her explicit photos. The incident happened in 2016 when the woman sent her phone to Pegatron, an Apple repair contractor. The case was settled for an undisclosed sum of money, but the woman’s lawyers had demanded $5 million in damages.

BONUS ITEM

Some more detail emerging on the frankly bonkers ANOM sting, where the AFP and FBI operated a messaging app to bust international drug operations.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

View More
  • 0 Comment(s)
Captcha Challenge
Reload Image
Type in the verification code above