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  • October 11 2019 Insolvency inquiry to help small business

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has today announced an inquiry into the insolvency system, to investigate if current insolvency practices achieve the best possible outcome for small and family businesses in financial trouble. This inquiry into insolvency aims to help more Australian businesses survive when they go into administration as Read More…

  • October 1 2019 RBA cuts cash rate to new record low 0.75%

    The Reserve Bank of Australia has cut the cash rate to a new record low of 0.75 per cent, reducing the cost of borrowing for the third time in five months. The market had largely priced in Tuesday’s 0.25 percentage point cut, despite lingering doubts over whether the move will deliver the desired lift in Read More…

  • October 1 2019 “What was a popularity contest becomes an opening for meaningful engagement,” Facebook removes likes

    Facebook users will no longer be able to see the number of likes, reactions and video views on other’s posts in a world-first trial. Similar to Instagram’s test that was rolled out in July this year, where the platform removed likes, Facebook is following suit. All likes on posts will now be private and only visible Read More…

  • September 30 2019 Significant decline in SMEs naming accountants as their most trusted advisor

    Accountants are losing ground when it comes to SMEs nominating their most trusted business advisor, according to a national survey of more than 1000 Australian businesses. The September 2019 SME Growth Index found that only one in 20 business owners named their accountant as their most trusted business advisor. In 2017 when the question was Read More…

  • September 27 2019 90% of businesses say employee legislation is confusing or contradictory

    New research from the Australian Payroll Association has found that more than 9 in 10 organisations find government legislation or employee awards difficult to interpret, with most agreeing that many of these clauses need to be revised or made simpler. The finding was derived from a survey of 520 payroll managers across a mix of large Read More…

  • September 27 2019 National cash-flow crisis for small businesses

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell says fresh data reveals the extent of the cash flow crisis for small and medium-sized businesses in Australia. The latest SME Growth Index has found one in five SMEs are experiencing cash flow problems due to business loans being rejected. According to the data, the Read More…

  • September 24 2019 Female ASX 200 CEOs figures fall

    A study shows the percentage of businesswomen at the helm of the top 200 ASX-listed companies has gone backwards in the past year. Australia’s finance sector is struggling to shake its male-dominated image, with the number of female ASX 200-listed CEOs falling in the past 12 months. Woman accounted for 6.0 per cent of chief executive Read More…

  • September 23 2019 Stripe expands global infrastructure with new funding round

    Stripe, which builds economic infrastructure for the internet, is raising $250 million in additional funding—at a new pre-money valuation of $35 billion—from investors including General Catalyst, Sequoia, and Andreessen Horowitz, among others. Stripe will use the capital to accelerate its growth in three key areas: accelerating international expansion; growing its product suite; and extending its Read More…

  • September 20 2019 Big four consensus on RBA cut in October

    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…

  • September 19 2019 Wage-stealing bosses to face criminal laws

    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…

  • September 17 2019 Coffee Club outlet faces wage accusations

    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…

  • September 17 2019 Labor’s bid to scrap casual rule defeated

    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…

  • September 12 2019 Businesses warn against religious laws

    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…

  • September 9 2019 ‘Stupid idea’ wins prestigious Telstra Business Award

    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…

  • September 9 2019 Sydney’s lockout laws will be lifted to reawaken night-time economy

    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…