The way Australians share account and transaction data will become much easier in February 2020 with the rollout of Open Banking through the Consumer Data Right legislation. The first stage of Open Banking will involve the major four banks and the rollout will give consumers the right to control their data. “Ultimately, Open Banking will Read More…

Afterpay rival Openpay is trading down 20% in its ASX float following a $50 million initial public offering. The Melbourne company’s shares were trading at $1.36 at 1500 AEDT, down 15 per cent from the IPO price of $1.60, and had traded as low as 20 per cent down. “It’s obviously not great from the Read More…

Committing to using renewable energies and reducing waste in order to become more environmentally sustainable is becoming more and more popular amongst businesses, arguably largely pushed by a demand by consumers and climate change concerns. Most recently, it is the Japenses brewing and spirits giant – Asahi – which has joined other brewers, Lion and Read More…

LinkedIn has just revealed a curated list of the expected top jobs for 2020. The insights come from the analysis of millions of user-input job titles from the last five years. The most in-demand emerging jobs are generally indicative of larger industry trends or represent changes in consumerism and society, as they have been influenced by Read More…

Super funds that invest in line with ethical principles have outperformed those that don’t, according to a new report. The Responsible Investment Association Australasia said 13 funds it rated as leaders in screening for environmental, social and governance factors outperformed 41 others over five-, three- and one-year time frames. Those 13 funds had an average one-year Read More…

Dynamic Business and Elmo Cloud HR & Payroll hosted the Top10 Dynamic Entrepreneurs luncheon in Sydney last Thursday. The Top10 Dynamic Entrepreneurs celebrates and recognises the hard-working, driven and passionate entrepreneurs in the Australian small business community. We know from our Friday entrepreneur features that a lot of the time, entrepreneurial work goes unnoticed in this Read More…

The Therapeutic Goods Administration has proposed major changes for the Australian supplement industry in 2020, which may see popular sports supplement products become unavailable in the Australian market. Bulk Nutrients, a major Australian sports supplement company, estimates that 90 per cent of the international and Australian owned sports supplements currently sold in the Australian market Read More…

The decision of the Reserve Bank of Australia today has been to hold the cash rate at a record low 0.75 per cent, as widely expected by economists. The board decision will allow Christmas and New Year spending activity to filter through before the central bank’s board considers the possibility of a cut to 0.5 per Read More…

The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, says high growth small and medium-sized businesses (SMEs) will get the boost they need, with the big four banks backing the $520 million Australian Business Growth Fund. Treasurer Josh Frydenberg has confirmed ANZ, CBA, NAB and Westpac will each commit $100 million to the fund, Read More…

The economy may be in need of festive cheer but the Reserve Bank board is not expected to lower the cash rate from its current record low 0.75 per cent until after the holiday season. The Reserve Bank board is expected to hold the cash rate at a record low 0.75 per cent this week Read More…

The big four banks – Westpac, CommonWealth, NAB and ANZ – are each participating in the federal government’s new small business growth fund. The fund is being established in order to address the need of Australian small businesses for cash in order to scale and expand, avoiding the very real potential of going further into Read More…

Approximately $6.4 billion has been wiped from Westpac’s value since it was ensnared in a money laundering and child exploitation scandal. Westpac says it will update investors “in coming days” over how its money laundering and child-exploitation scandal occurred and what it is doing to make sure it never happens again. Chairman Lindsay Maxsted said the board Read More…

WeWork is laying off about 2,400 employees, almost 20 per cent of its workforce, as the office-sharing company seeks to drastically cut costs after it transformed from a Wall Street darling into a pariah in a matter of weeks. The long-anticipated layoffs are the biggest move yet by Japanese technology conglomerate SoftBank Group Corp – Read More…

The Sensis Business Index shows more than a quarter (26%) of Australian small and medium businesses (SMBs) believe Federal Government policies are working against them. SMB confidence in the Australian economy has nosedived since Q1 2018, with 48% now believing it is at a standstill and 39% believing it is actively slowing. Thirty five percent Read More…

Australia’s gender equality watchdog has dubbed the latest annual pay gap score card as ‘disappointing’ with only small changes. New pay data for the private sector has been dubbed “disappointing” by the director of Australia’s gender equality watchdog. Men in the private sector were still taking home more per year than women workmates, according to Read More…