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10 things you need to know this morning in Australia

Monday 21 December 2020

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Thousands of small businesses may have missed out on JobKeeper despite being eligible — and the ATO has been aware of the issue since August

A new report published by the Inspector-General of Taxation and Taxation Ombudsman has found that many new businesses missed out on the JobKeeper subsidy and cash-flow boost despite being broadly eligible.
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The New South Wales lockdown could cost retailers more than $360 million a week, disrupting their busiest time of year

Hotspot lockdowns and restrictions in Sydney as well as reinstated border closures are set to wipe off as much as $360 million in retail sales a week in what is traditionally the busiest time for shopping during the year, bank transaction data predicts.
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S&P 500 slides as revived lockdown fears offset stimulus progress

The S&P 500 declined on Monday as a mutated COVID-19 virus strain found in the UK dented reopening optimism and offset the $US900 billion stimulus deal struck by Congress.
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The Trump campaign is challenging Pennsylvania's voting laws at the Supreme Court more than a month after the election ended

President Donald Trump has filed a direct appeal with the US Supreme Court asking it to overturn three Pennsylvania Supreme Court decisions about counting ballots.
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The US Navy appears to be sending Iran a message with a submarine packed with missiles

The US Navy appears to be sending a message to Iran in the form of a guided-missile submarine equipped with tremendous firepower and possibly special operations troops.
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One chart shows the wild $65 billion rise in Elon Musk's net worth since the news that Tesla would join the S&P 500

Tesla is being inducted into the S&P 500 today. Tesla CEO Elon Musk has seen his net worth increase by nearly $US65 billion since the announcement that Tesla would join the index, on November 16.
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The fallout from the SolarWinds hack that infiltrated the US Treasury and Homeland Security will get worse before it gets better

US government agencies and private organisations have been the targets of a cyberattack that was only just uncovered this month. A group of hackers believed to be associated with the Russian intelligence agency SVR infiltrated a SolarWinds software update earlier this year.
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Santa Claus performers are hellbent on saving Christmas this year, delivering cheer from behind plexiglass barriers and face masks

The pandemic has disrupted a most sacred holiday tradition: visiting Santa Claus to ask for a gift and take a photo. Santas around the country - many of whom are more at risk for COVID-19 due to their age and health - have been forced to get creative, with socially distanced photoshoots and Zoom visits.
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The bizarre case of the sexy butt-flap onesie that has taken over the internet

People are being plagued by an ad for a sexy butt-flap onesie from unknown fast-fashion brand IVRose following them around the internet -including taking centre stage in a recent blockbuster Elle article.
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The best Christmas celebration wines over $50

The second half of our two-parter on Xmas wines is a real "best-of-the-best" – it's for those that want to live large and emphatically say "good riddance" to 2020 and its woes.

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