Unemployment has hit a five-year low in NSW, dropping to 4.6% – more than a full percentage point below the next best state and almost a full percentage point below the national average. The latest figures from the ABS show 21,100 new jobs were added in September, about 2.5 times more than Victoria, the next closest state. […]
A survey of 2000 small, medium and large NSW businesses, undertaken by the state government, has revealed nearly half don’t have measures in place that specifically address mental health in the workplace. Noting that people spend a third of their adult life at work, with the potential for significant mental health impacts, Minister for […]
Comments made by the incoming chair of Australian Securities and Investment Commission (ASIC) indicating financial institutions have forgotten whose money they are investing should prompt Federal Government to rethink its super fund governance reforms, argues the Industry Super Australia (ISA). This week, Financial Services Minister Kelly O’Dwyer recommended that James Shipton, a former Goldman Sachs […]
Online retail marketplace MyDeal.com.au has partnered with small business lender Prospa to offer its listed retailers loans to accelerate their growth. Retailers who list their products through the MyDeal marketplace can now apply for a business loan of up to $250,000 directly through their supplier management system and, in the case of loans under $50,000, […]
A 7-Eleven Franchisee in Brisbane is facing court for allegedly dismissing a worker by removing him from the roster after he refused his employer’s request to repay an amount he had been paid. Balaji Australia Pty Ltd and current director and shareholder Madhav Ponnada will also face the Federal Circuit Court on allegations that false […]
Energy retailers and generators will be handed “unprecedented power to… control prices and drive up bills” under a new deal announced by the Federal Government, the Electrical Trades Union (ETU) has warned. On Tuesday, Malcolm Turnbull revealed the Federal Government will accept a recommendation of the Energy Security Board (ESB) for a National Energy Guarantee […]
This year, Australia continued its descent in the Global Innovation Index, dropping four places*. Now ranked 23rd, the nation’s innovation performance lags behind that of neighbour (and Rugby rival) New Zealand. This is concerning given the Federal Government’s $1.1 billion National Innovation and Science Agenda, launched nearly two years ago, was intended to transform Australia […]
Serious weaknesses in the security protocol used for all modern protected Wi-Fi networks, both personal and enterprise, have been exposed by a Belgian researcher who warns cyber attackers can gain access to and manipulate sensitive data or even inject malware into a network. According to Mathy Vanhoef, a doctoral researcher in computer security from […]
Rising electricity costs over the past decade are a “drain on business productivity,” according to the Australian Competition and Consumer Commission’s inquiry into the national electricity market. The commission’s preliminary report into retail electricity pricing highlights concerns about the operation of the National Electricity Market, which pose an “electricity affordability problem” for consumers and businesses. […]
The NSW Government is establishing a $150 million equity fund to allow it to ‘buy a stake’ in top performing businesses across the state, Deputy Premier John Barilaro has announced. Barilaro said the GO NSW Equity Fund, which is being established in partnership with First State Super, would see the Government take an equity […]
