Consumers are turning their backs on Bonds, following parent company Pacific Brands decision to slash 1850 Australian jobs from it’s Bonds and King Gee operations and send them overseas. According to a report on Sky News Online, online retailer’s sales have dropped substantially since the announcement and major retailers have been forced to launch advertisement […]
In a partnership with Vodafone Australia, Europe’s leading provider of high-quality, low-cost international mobile services, Lebara Mobile, has entered the Australian market, launching Australia’s first prepaid mobile SIM card for consumers offering low cost international call rates. The prepaid SIM card offers competitive local call rates, so customers can also take advantage of low-cost local, […]
Individual taxpayers who are employed and not in business, are being incorrectly advised by car salesmen that they will get the 30 percent investment allowance if they purchase a new car simply by applying for an ABN, says “Mr Taxman” Adrian Raftery. Raftery said he has had a number of clients coming to him requesting […]
The Federal Government is set to give a $720 million cash flow boost to small business, self-funded retirees and small superannuation funds, in an effort to free up cash flow to provide further economic stimulus. Under the plan, the quarterly PAYG (pay-as-you-go) instalments will be cut for 1.5 million taxpayers in the 2009-10 financial year. […]
Thousands of Telstra customers were left confused and a little late yesterday, when an electronic glitch caused a number of mobile phones, BlackBerries and personal digital assistants to change their internal clocks a week early, winding back the clock one hour. According to reports in the Sydney Morning Herald, many people were left late to […]
Legal academic Bryan Pape is set to challenge the Rudd Government’s stimulus package in the High Court today, citing the package as “exceeding the government’s taxation powers” making the bonus a “gift.” If Pape is successful in overturning the new law, it could mean that a number of payments made in past years could be […]
The tourism industry has taken a severe beating in the financial crisis, with new figures released by the ABS indicating the number of tourists visiting Australia has dropped substantially. In the ACT, the number of tourists visiting the region fell, with only 70 percent of hotel rooms in the territory occupied in the December quarter, […]
The Department of State and Regional Development is set to hold a small business workshop targeted at mature age employees and young entrepreneurs, designed to improve communication between the two groups. Demographer and social researcher, Mark McCrindle will be on hand to provide insights for young entrepreneurs on demographic trends shaping the future of the […]
Scammers on the internet targeting innocent citizens and businesses is nothing new, however new research has uncovered they are zeroing in on small business. According to ACCC deputy chairman Michael Schaper, scammers target more than 300,000 small businesses across the country every week. The problem has become so widespread the ACCC and the Office of […]
In some positive news concerning the economy, the Reserve Bank head of Economics Analysis department, Anthony Richards has said in an address to the Annual Housing Congress in Sydney, that the recent drops in interest rates are having a positive effect on the economy and the household sector. Richards said that the lowering interest rates […]
