All four of the big banks expect another cut to the country’s cash rate when the Reserve Bank of Australia meets on October 1. NAB analysts on Friday revised their initial forecasts of cuts in November and February to October and December, predicting the cash rate – currently at a record low of 1.0 per Read More…

Bosses who deliberately steal money from their employees’ pay will face criminal penalties, but genuine mistakes won’t be punished. But Attorney-General Christian Porter says employers who make genuine mistakes and fix them quickly will avoid a criminal record. The coalition government is releasing a discussion paper on Thursday looking for community feedback about wage theft. Read More…

The operator of a Victorian Coffee Club franchise is being taken to court after allegedly underpaying two workers more than $15,400 and proving false records. Two staff allegedly underpaid more than $15,400 at a popular coffee chain outlet have started legal action against the Victorian operator. Edison Peng and his company JMSL Pty Ltd, which Read More…

Labor senator Don Farrell’s push to disallow a government regulation protecting businesses from paying casual loadings and permanent entitlements has failed. Employers have welcomed the Senate defeating Labor’s bid to sink a Morrison government regulation that stops casual workers from “double dipping” on leave entitlements. The coalition announced the regulation last year in response to a Read More…

Under new draft laws, businesses with annual revenues of $50 million or more will face stricter controls on firing workers for expressing religious views in breach of their employment agreements. The legislative change is designed to placate concerns about the recent sacking of Australian rugby player Israel Folau for sharing controversial religious views on social Read More…

An idea that was rejected by an industry stalwart as the “the stupidest thing I’ve ever heard” has been awarded the 2019 Telstra Business Award.  Future Golf which was launched by, Ali Terai in 2014 with a simple Facebook post and $100 website has turned into a game-changer, quite literally, for Australian golfers. Terai was Read More…

The NSW premier will scrap the controversial lockout laws for most of the CBD by the end of the year but the lockouts will remain in place in Kings Cross. The NSW premier is planning on scrapping Sydney’s lockout laws for most of the CBD but the move has been slammed by critics who argue Read More…

A Cheltenham-based business that has created a range of all-natural bandages which are sold to 35 countries has been named the 2019 Telstra Victorian Business of the Year. Inspired by his son’s sensitivity to typical bandages, Nutricare founder and CEO James Dutton set out to create a natural product that is sustainable, environmentally conscious and Read More…

Australia’s economy expanded by 0.5 per cent in the June quarter and by just 1.4 per cent annually. The Australian economy expanded by 0.5 per cent in the June quarter as annual growth slowed to a fresh post-GFC low 1.4 per cent. The quarterly increase was the same as the revised March quarter data and Read More…

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…

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…

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…

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…

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…

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…