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  • September 4 2019 Uber Eats rival DoorDash launches in Melbourne

    Meal delivery service DoorDash is taking orders in Melbourne in its first foray outside North America. Meal delivery service DoorDash is taking orders in Melbourne in its first foray outside North America, adding to the competition in Australia’s home-delivery service market. The biggest US food delivery company will from Wednesday take on Uber Eats, Menulog Read More…

  • September 3 2019 RBA holds cash rate at record low 1.0%

    The Reserve Bank of Australia has held the cash rate at a record low 1.0 per cent. The Reserve Bank has held the cash rate at a record low 1.0 per cent as it continues to monitor the effect of cuts in June and July. The decision at Tuesday’s monthly board meeting was widely expected Read More…

  • September 2 2019 Ombudsman backs mental health support for small business owners

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has praised Beyond Blue for supporting the mental health of small business owners. Beyond Blue has today released a free online guide that provides business advisers, such as accountants, bookkeepers and industry association representatives, with practical tips about how to support their clients and members. Read More…

  • August 28 2019 Virgin to cut 750 jobs on full-year loss

    Virgin Australia will cut 750 jobs as part of a restructure after announcing a full-year loss of $349.1 million that left the airline in the red for the seventh year in a row. Revenue for the 12 months to June 30 rose 7.5 per cent to $5.83 billion despite a “challenging trading environment” in the Read More…

  • August 27 2019 Costs hidden from potential franchisees

    Would-be food franchisees are not being given the full picture before they buy into a business, with several franchisors withholding important details including the contact information of former franchisees. The ACCC has also found food franchisors were consistently failing to disclose key unavoidable ongoing costs, such as wages, rent or inventory, and were not detailing which Read More…

  • August 27 2019 COSBOA supports the ATO in pursuit of scammers

    The Council of Small Business Organisations Australia (COSBOA) today announced their support of the Australian Taxation Office (ATO) and the government in pursuit of those who deliberately scam the tax system.  Speaking on behalf of COSBOA, Peter Strong, CEO noted the release of the tax gap for small business (12.5 per cent) and stated that Read More…

  • August 26 2019 Small businesses to get fairer deal on energy

    An $11.7 million Morrison government program will give small businesses practical advice to help lower energy costs and find the best energy deal. Small businesses will get a helping hand in navigating the energy market and lowering their energy costs under an $11.7 million Morrison government program. The Business Energy Advice Program offers personalised energy Read More…

  • August 21 2019 Warning on US-China spat: Phillip Lowe, RBA

    The trade war between the US and China is the biggest threat to the global economy, Reserve Bank governor Phillip Lowe has reportedly told a business event. The trade war between the United States and China poses the single greatest threat to the global economy, the Reserve Bank governor has warned. The trade tensions are Read More…

  • August 20 2019 Ombudsman urges action on small business growth “collapse”

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell says she is deeply concerned by fresh data showing small business growth is in crisis, urging the government to do more to break down the barriers to business expansion. “The Institute of Public Affairs’ (IPA) latest research has found an alarming decline in the rate Read More…

  • August 19 2019 Australian small and medium businesses confident despite economic worries

     The August 2019 Sensis Business Index has revealed that Australia’s small business confidence is strong, with 57% of businesses now confident in their prospects over the next 12 months. Tasmania, with 63% of businesses expressing confidence in their prospects, remains the most confident state followed by Queensland at 60% and Victoria at 58%. Commenting on Read More…

  • August 15 2019 Queensland Xmas Eve public holiday ‘a mistake’

    Industry groups have voiced their concerns over the Queensland government’s plan to make Christmas Eve a part-public holiday. Industry groups say the Queensland government’s plan to compensate Christmas Eve workers for lost penalty rates by making it a part-public holiday is a mistake. The Palaszczuk government says the proposal would compensate workers for recently-reduced penalty Read More…

  • August 14 2019 Growing demand for alternative lending

    New PayPal research reveals growing demand for alternative lending, with 42% of Australian SMBs saying they have used a non-bank, alternative lender.  PayPal Australia has today announced that it has provided over $500 million (AUD) of finance to Australian small business through its alternative finance offering, PayPal Working Capital. Demonstrating the demand for faster, flexible Read More…

  • August 14 2019 Europcar fined $350k over card surcharges

    Europcar will pay a $350,000 penalty for imposing an excessive credit card surcharge on 63,012 customers. The Australian branch of global car rental company Europcar has agreed to pay a $350,000 fine for imposing excessive surcharges on customers who paid via credit and debit cards. The amount of each surcharge was quite small – averaging Read More…

  • August 13 2019 Lenders have passed on bulk of rate cuts: RBA

    RBA assistant governor Christopher Kent says the central bank’s cash rate cuts have helped lower borrowing costs, particularly for new mortgage customers. The Reserve Bank says its twin cash rate cuts have helped support the economy by lowering borrowing costs for businesses and consumers, most notably for new mortgage customers. Assistant governor Christopher Kent says Read More…

  • August 12 2019 Nine to buy rest of $275m Macquarie Media

    Nine Entertainment is aiming to buy the 45.5 per cent of 2GB and 3AW owner Macquarie Media it does not already own. Nine Entertainment looks set to take sole ownership of Macquarie Media with an offer that values the 2GB and 3AW talk radio owner at $275.4 million. Macquarie’s board has approved Nine’s $1.46 per Read More…