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10 things you need to know this morning in Australia

Wednesday 26 August 2020

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10 things you need to know this morning in Australia

Good morning all. We're past halfway. Feels good, doesn't it?
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Afterpay has hit nearly 10 million users as it expands globally – but it still isn't making a profit

Afterpay has just shy of 10 million active users as it announces its full year results. The buy now pay later platform also nearly doubled its revenue to $519 million.
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'A fast-track to Australia's post-pandemic recovery': Why Atlassian, Canva and more oppose the government's proposed R&D tax reforms

Executives from tech companies including Atlassian, Canva and Culture Amp have written a letter to Prime Minister Scott Morrison opposing proposed cuts to the research and design tax incentive.
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Qantas is in court amid allegations it 'ripped off' workers using JobKeeper

Qantas is in the federal court on Wednesday seeking clarification over how it has been paying workers. Various unions have gone to the Fair Work Commission (FWC) challenging Qantas' interpretation of the JobKeeper rules, which can exclude stood down workers from receiving overtime payments they are owed.
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Afterpay is now more valuable than Coles, as its share price continues to rocket higher

Afterpay's share price broke $92 on Tuesday, sending the company valuation to new heights. The latest investment surge puts Afterpay's market cap at $25.9 billion.
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The value of Australia's second hand economy swelled to $46 billion this year, as half of Aussies say they're buying used goods to save for bills

New data from online classifieds platform Gumtree shows that Australia's second-hand economy is now valued at $46 billion, the highest figure recorded in the past decade.
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67% of Australians have experienced a change in their employment during the pandemic, according to new research

The coronavirus pandemic has affected employment across New South Wales, Victoria and Tasmania the most, according to new figures from Roy Morgan.
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This 1973 Ford is up for auction in Australia – one of only 11 that were made in the wild violet colour. Take a closer look.

A rare 1973 Ford XA GT RPO83 vehicle is going under the hammer at Lloyd's Auctions. It's one of only 11 RPO83's that were created in the wild violet colour.
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11 great whiskey accessories under $100 to say cheers this Father's Day

Get your whiskey-loving dad a great gift to enjoy with his favourite drink. We rounded up a collection of gift ideas that will appeal to any whiskey-loving father.
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How studying online can reduce costs and avoid assessment deadlines

There are upsides to revisiting uni when you're further along in life. For one, you'll likely have a clearer direction than you did fresh out of high school, and people who continue their studies after being in the workforce tend to have an actual goal in mind.

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