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Government introduces changes to contract payment process
In a bid to improve cashflow, the Federal Government will now pay interest due to SMBs as a result of outstanding payments, as part of its efforts to encourage government agencies to pay invoices on time.
The Friday SMB wrap-up: The week in review
Happy Friday SMBs and entrepreneurs! Should you have missed any of the week’s most important business headlines, we’ve wrapped them up for you. Making news this week, Fair Work Australia granted the country’s lowest paid workers a wage increase of $17 per week and the RBA left the the cash rate unchanged at 3.5 percent.