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Business

Startups score CGT relief as Albanese Government introduces ‘innovation’ concession

On Thursday the Albanese Government amended its controversial capital gains tax proposal by allowing startups that qualify as ‘innovative businesses’ to retain the existing 50 per cent discount. Key Takeaways The Albanese Government on Thursday announced plans to offer capital gains tax concessions to the startup sector that will give certain founders, employees and investors […]

  • By Daniel Van Boom
  • Business Journalist
Rich List

Australia’s VC sector is the fastest growing in the world – but one key pool is drying up

Australia’s VC industry is on track to have its biggest year since 2022, a new report from Side Stage Ventures and the Australian Investment Council says, but most of that is going to the top end of town.

  • By Daniel Van Boom
  • Business Journalist

Musk’s net worth hits $1.4 trillion—SpaceX passes Amazon as fifth-largest company

Shares of Elon Musk’s rocket maker have soared by more than 30% since their trading debut.

  • By Ty Roush
  • Forbes Staff

Carbon capture startup eyes $50m capital raise as it opens Newcastle plant for business

MCi Carbon’s technology captures carbon and used it to create building materials, a double whammy in C02 reduction. After the grand opening of its first carbon refinery on Wednesday, it’s hoping to cap its next capital raise by the end of the year.

  • By Daniel Van Boom
  • Business Journalist

Asides

Australian billionaires’ Sigma Healthcare walks away from U.K’s. Boots $10 billion deal

Sigma Healthcare has been seeking to expand in the U.K. and had last month partnered with British pharmacy chain Greenlight Healthcare to rollout Chemist Warehouse-branded stores in London.

  • By Yessar Rosendar
Gina Rinehart and Elon Musk

‘The future’: What sparked Gina Rinehart’s billion-dollar SpaceX investment

Australia’s richest person joins forces with the world’s richest to leverage local critical mineral assets and strengthen the Australia/US relationship. They will both potentially make billions more in the process.

  • By Shivaune Field
  • Business Journalist

Live: RBA Rate Decision Tracker (June, 2026)

From aggressive hikes to the first cuts of the cycle, the Reserve Bank’s policy moves have reshaped mortgages, business borrowing and the economy. Below, we break down every rate decision since 2023.

  • By Forbes Australia
Uber app

I’ve interviewed more than 100 entrepreneurs. Here’s the biggest myth about success

Most successful businesses don’t begin with a master plan, argues Bernadette Schwerdt, who has interviewed more than 100 entrepreneurs.

  • By Bernadette Schwerdt - contributor

Facebook Launches Search Engine AI Tool That Could Make Meta $10 Billion A Year, Analyst Says

The new feature positions Meta as a more direct competitor of Google’s search engine.

  • By Mary Whitfill Roeloffs

He hacked Teslas for Elon Musk. Now he’s launching a $100 million AI cyber agent

Startup Pi counts xAI as one of its first customers, as its AI agent looks to fix security vulnerabilities for the world’s premier labs.

  • By Thomas Brewster
  • Forbes Staff
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