fbpx
News
  • July 2 2019 RBA cuts again to take cash rate to 1%

    The Reserve Bank of Australia has cut the cash rate to a fresh record low of 1.0 per cent, reducing the cost of borrowing for two months in a row for the first time since 2012. The market had largely priced in a second straight 0.25 percentage point cut after RBA Governor Philip Lowe suggested Read More…

  • July 2 2019 Wage underpayments epidemic in Australia

    Byline: Arthur Hambas, Lawyer at McDonald Murholme When Victorian Premier Daniel Andrews commented that “every worker has the right to get a fair day’s pay for a fair day’s work”, it drew the public’s attention to an issue that has been plaguing a significant number of Australian workers for some time.   While most employers do Read More…

  • July 1 2019 Single Touch Payroll (STP) now in effect for small businesses

    Small business owners are encouraged to get on board with a new ‘Single Touch Payroll’ system that comes into effect from today for employers with less than 19 employees. Minister for Finance and Small Business Damien Tudehope said the NSW Government had been helping businesses prepare for Single Touch Payroll with workshops through its Business Read More…

  • July 1 2019 China’s economic slowdown a bigger concern for Australian businesses than the US China trade war

    With trade tensions between the US and China continuing to simmer, global trade growth could potentially grind to a halt this year, contracting by up to 2.3 per cent in 2020. (1) However, it is not just the risk of short-term suffering of the Chinese economy from trade restrictions that poses a risk to the Read More…

  • June 28 2019 The reaction to PM’s workplace relations system review

    Employsure’s founder and managing director, Ed Mallett has welcomed the Prime Minister’s announcement that the Australian government will take a fresh look at refreshing the workplace relations system. “The federal government’s intention to review the workplace relations system is encouraging for the 24,000 small businesses we represent across Australia,” Mr Mallett said. “The overwhelming view Read More…

  • June 25 2019 Domino’s to be hit by class action lawsuit

    Global litigation funding provider Therium Litigation Finance is funding a class action against Domino’s Pizza Enterprises, claiming the Australian pizza giant and its franchises systemically underpaid workers. Law firm Phi Finney McDonald alleges that most delivery and in-store Domino’s workers were paid less than they should have from June 24, 2013 through January 24, 2018. Read More…

  • June 25 2019 Consumer confidence edges up: ANZ

    Consumer confidence edged up marginally over the weekend as respondents felt optimistic about their finances despite gloom about the economy at large. The ANZ-Roy Morgan Australian Consumer Confidence index gained 0.1 per cent from the previous week, with respondents’ perception of the country’s current economic conditions – including the outlook for the next 12 months Read More…

  • June 24 2019 New Xero report: Late payments cost small businesses $7billion a year

    A new report from Xero, the global small business platform, reveals for the first time the magnitude and impact of late payments to Australian small businesses, putting the value of outstanding, late payments at $115 billion a year. The research finds that half of all trade credit invoices are paid late and that solving the Read More…

  • June 19 2019 Record number of CEOs sleeping on streets for charity

    CEOs from business, community and government will sleep on the streets of Sydney tomorrow night in an effort to raise money for the 116,000 Australians experiencing homelessness. It’s a record turnout for the 14th annual Vinnies CEO Sleepout, which aims to raise over $7 million nationally for accommodation, counselling, healthcare, food and other homelessness support services. Read More…

  • June 17 2019 ANZ’s NZ CEO departs after expenses review

    ANZ’s NZ chief executive has left the bank after an internal review raised concern among board members over his personal expenses. ANZ on Monday said David Hisco had accepted that “characterisation of the expenses falls short of the standards required” and had been replaced as ANZ NZ CEO on an interim basis by Antonia Watson. Read More…

  • June 5 2019 NSW company director convicted after engaging in phoenix activity

    Ms Soutsakhorn Chanthabouly (known as Nicole Khammenathy) of Carnes Hill, NSW has been convicted and sentenced after pleading guilty to charges related to illegal phoenix activity. Ms Chanthabouly was charged with one count of breaching her director duties and another count of destroying company records, following an investigation by ASIC. She was sentenced to a Read More…

  • June 4 2019 RBA cuts cash rate to new low of 1.25%

    The Reserve Bank of Australia has cut the cash rate to a new record low of 1.25 per cent in a widely anticipated attempt to stimulate the economy. It is the central bank’s first move on rates since August 2016 and follows another month of weak economic data, most notably an unexpected rise in the Read More…

  • June 3 2019 Growth in loans to businesses evaporates

    RBA statistics for April recorded the slowest annual growth in credit for mortgages since the data was first collected in the late 1970s. The growth of lending to businesses flatlined in April while personal loans retreated for the seventh month in a row and annual property credit plummeted to unprecedented lows, central bank statistics suggest. The Read More…

  • May 31 2019 Minimum wage increases by $21.60 a week

    The Fair Work Commission has decided on a three per cent increase in the national minimum wage from July 1. Australia’s lowest paid workers will get a smaller pay rise this year of three per cent, but the industrial umpire says it will help improve their living standards. The national minimum wage will rise by Read More…

  • May 30 2019 The new Federal Budget: Promised policies for tradies

    The Coalition’s federal election win prompts us to reflect on their FY20 Federal Budget promises that piqued our interest. With Australian households spending over $73 billion each year on tradespeople and 250,000 trade businesses operating around the country, the sector represents an important economic contributor that deserves nurturing for continued prosperity and growth. So if Read More…

Email Updates
Recent Posts
Dynamic Poll
Is the term 'entrepreneur' used to loosely today?