Tag: Labor

From increased paid parental leave to tax cuts on EVs, there are numerous announcements in Budget 2022 that affect the business community.

AU Election 2022 News and Updates: Labor, Coalition, or Greens? The policies SME owners need to know Liberals pledge 400k new SMEs by 2027 if re-elected Albanese promises employment summit to discuss wages, productivity RSM Australia has identified the six key election policies affecting small businesses.  As the nation gears up for the federal election […]

Small businesses will be safeguarded against unfair contract terms under Labor’s proposed legislation to make them illegal. Large businesses could face hefty fines of up to $10 million for contracts that contain unfair terms such as, unreasonable ability to end an agreement and allowing the contract provider to solely vary all terms. A joint statement […]

Frydenberg says tax cuts for big businesses won’t be revisited.

Small Business tax cuts could be fast-tracked.

What made the headlines this week?

Proposed tax rate changes, which would affect approximately 100,000 small businesses, will deliver the best “bang for buck” for the economy,  accounting software provider MYOB and the Council of Small Business Australia said in a joint statement. The statement was in response to Labor’s opposition to the Federal Government’s proposal to increase the eligibility threshold for paying the lower […]

The current federal government is more popular amongst SMEs than its predecessor but an increasing number of business owners are dissatisfied with the Coalition’s support, according to the latest MYOB Business Monitor   The bi-annual national survey of over 1,000 SME operators revealed that since being elected to power in September 2013, the Coalition government has […]

Coles and Woolworths’ milk price war, with ‘home brand’ milk varieties from both supermarkets being sold for $1 per litre as a loss leader will decimate small retailers and hurt farmers with Aldi and Franklins supermarkets also joining the war, with both lowering their milk prices to match.

With the arrival of 2011, employers should familiarise themselves with their obligations under the paid parental leave legislation which came into force on 1 January 2011.