Tag: Reform

The Federal Government has announced new insolvency rules that will allow small businesses to stay afloat whilst restructuring debts. This new insolvency regime is proposed to start from 1 January 2021, following the lifting of temporary insolvency measures introduced in March 2020. Related: Government extends temporary insolvency and bankruptcy protections Incorporated businesses with liabilities less […]

A Senate committee has deemed it ‘wholly appropriate’ that employers pay a levy to access overseas workers; however, the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, considers this “another blow” for small businesses. [Related article: Federal Budget: foreign worker tax introduced] In October, last year, the Federal Government introduced the Migration Amendment (Skilling Australians […]

Although it’s becoming easier for startups to raise capital in Australia, high-growth companies are hamstrung by a shallow pool of global talent, warned Alex McCauley, CEO of StartupAUS and lead author of the 2017 Crossroads Report. The report, a comprehensive review of the nation’s startup ecosystem, features a state-by-state brief on the progress of local startup […]

Competition reforms tabled in Federal Parliament this week backs small businesses to grow, innovate and create more jobs, according to Small Business Minister Michael McCormack. He said the Competition and Consumer Amendment (Competition Policy Review) Bill 2017 implements a number of recommendations from a landmark review of Australian competition policy to help small businesses to compete […]

Several reforms to the NSW WorkCover scheme, designed to reduce the administrative burden on the state’s small business owners, will come into effect on 30 June this year.

Credit unions and building societies have welcomed the Federal Government’s banking reform package as “a good step towards more bank competition”.

Rob Oakeshott’s crusade for tax reform with Prime Minister Julia Gillard has been welcomed by the Taxation Institute of Australia as the Institute congratulated Prime Minister Julia Gillard on her election win.

The National Institute of Accountants (NIA) have welcomed Independent MP Rob Oakeshott’s proposal of a summit to address tax reform in Australia.

The Australian Bankers Association has strongly criticised Labor’s “Fairer, Simpler Banking” policy on credit cards unveiled by Julia Gillard, Wayne Swan and Chris Bowen.