10 things you need to know this morning in Australia

Good morning. The second lockdown of Melbourne has begun.

Australians could be getting fast-tracked tax cuts and new income support, as the government looks to wind back JobKeeper

The Morrison government is considering new economic support as it looks to cut the $70 billion JobKeeper wage subsidy program. On Wednesday, Treasurer Josh Frydenberg revealed that the fast-tracking of personal tax cuts is on the table.

Australians are raiding their super at a rate of $1 billion a day as the new financial year kicks off

Australians have taken out more than $1 billion a day since the second round of super withdrawals kicked off on July 1. Treasurer Josh Frydenberg revealed on Wednesday that $7.1 billion had been withdrawn so far.

Melbourne's second lockdown could spell death for some small businesses. Here are 3 things government can do to save them.

The reimposition of stage 3 restrictions on metropolitan Melbourne is, as Victorian premier Daniel Andrews says, a matter of life or death. That's also true for small businesses.

Woolworths and Coles have once again reinstated purchase limits in Victoria, as Melbourne heads for lockdown

Woolworths and Coles have reinstated buying limits as parts of Victoria, come under stage three lockdowns. The lockdowns cover metropolitan Melbourne and Mitchell Shire, meaning residents are only allowed to leave home under limited conditions.

The banks are giving Australians another 4 months to begin repaying $260 billion in frozen debt

Australian borrowers will be given another four months off from making loan repayments to their bank. The Australian Banking Association (ABA) confirmed on Wednesday that borrowers in demonstrable financial difficulty will be able to defer until January.

A cult hit Aussie hot sauce brand has raised over $300,000 from fans in an equity crowdfunding round

Aussie hot sauce brand Bunsters has raised over $300,000 in a crowdfunded equity round in one week. The Perth-based brand, famous for producing the cult hit 'Shit the Bed' hot sauce since 2015, wants to expand production and move into producing more condiments.

Coronavirus hospitalizations are rising in the US after falling for 2 months. Health systems are at risk of being overwhelmed.

Hospitalizations are on the rise in the US as new coronavirus cases continue to climb. COVID-19 hospitalizations started going up toward the end of June, after two straight months of declining.

Palantir built itself into a $20 billion success with a secretive and controversial business. Now it's prepping for life as a transparent public company.

Data-crunching firm Palantir Technologies filed to go public Monday night. Valued at $US20 billion, it would be the largest tech startup to debut in the market since Uber's public offering last year.

A home lender's tips on how to approach the market amid the COVID-19 outbreak

As housing prices across Australia remain unsteady in the wake of COVID-19, potential homeowners are calculating whether it's the right decision to break into the property market.

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