News: Finance
Jonas Leisure runs virtual meetings to aid professionals during Coronavirus crisis
Jonas Leisure recently held a virtual meeting for industry professionals to discuss COVID-19 and some of the actions being adopted across the leisure industry to manage staff remotely,…
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Gerard Lighting Group completes sale of infrastructure division to Schréder
Gerard Lighting Group (GLG) has completed the sale of its infrastructure lighting division in Australia, Sylvania and Austube, to the Schréder Group, one of the world’s…
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Rugby Australia forecasts $120 million loss in revenue
Rugby Australia has announced it could lose up to $120 million in revenue if the professional game, in lockdown due to the Coronavirus pandemic, does not resume this year. This estimate,…
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ATIC supports $130 billion JobKeeper package
The Australian Tourism Industry Council (ATIC) has strongly backed the Federal Government’s $130 billion JobKeeper package. ATIC represents thousands of local tourism enterprises…
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Australian Government launches $130 billion ‘JobKeeper’ wage subsidy
In response to the significant economic and social impact from the coronavirus, the Australian Government has launched the ‘JobKeeper’ scheme - a $130 billion initiative which…
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Rugby Australia reveals $9.4 million loss at AGM
Battling the impact of Coronavirus and still recovering from the settlement paid to the Israel Folau, Rugby Australia has revealed a provisional loss of $9.4 million at its Annual…
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NRL slashes costs and backs clubs through Coronavirus crisis
The NRL has agreed on a recovery plan that will see the League reduce its operating costs by 53% over the remainder of the year while clubs will each receive $2.5 million to help them…
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FFA announces 70% staff cut due to COVID-19
Football Federation Australia (FFA) has today announced its regrettable decision to stand-down approximately 70% of its staff due to the fallout from the COVID-19 pandemic. FFA Chief…
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