$2.5 million in Industry Growth Program grants awarded

Another round of grant recipients under the federal government’s Industry Growth Program has been announced, with a combined $2.51 million awarded to CoilRig, Azaneo, Innovation Industries, Magic Valley and Allegro Energy. According to a statement from industry minister Ed Husic on Thursday, Allegro Energy was awarded $1.85 million to further their “Redox Flow Battery technology”…

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Whyalla steelworks seeks refinancing amid financial struggles

In response to mounting pressures to settle substantial debts, the owners of Whyalla Steelworks, led by GFG Alliance’s chairman Sanjeev Gupta, are actively pursuing new financing solutions to sustain operations. This development follows intense scrutiny from South Australia’s Premier, Peter Malinauskas, who recently visited Whyalla to engage with creditors and reinforce the urgency of financial…

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Crisis in Victorian manufacturing: Opposition calls for action amid rising insolvencies

Victoria recorded the highest number of manufacturing insolvencies in Australia in 2024, according to new analysis. This rise in business closures highlights ongoing struggles within the state’s manufacturing sector, exacerbated by high taxes, rising energy costs and extensive regulatory burdens. ASIC data reveals that during the term of the Albanese government, 415 manufacturing firms in…

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Whether we carve out an exemption or not, Trump’s latest tariffs will still hit Australia

By Scott French, UNSW Sydney US President Donald Trump and Prime Minister Anthony Albanese have stated an exemption for Australia from Trump’s executive order placing 25% tariffs on all steel and aluminium imported into the US is “under consideration”. But prospects remain uncertain. Albanese would do well to secure an exemption using similar arguments as…

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Brigadier Hugh Meggitt takes helm at ASCA

Brigadier Hugh Meggitt has been appointed as the new head of the Advanced Strategic Capabilities Accelerator (ASCA) for the Australian Defence Force, a move announced by the federal government on Tuesday. Brigadier Meggitt (pictured), previously the Director General Special Operations Modernisation at the ADF’s Headquarters Joint Operations Command, is recognised for his extensive experience in…

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