A new Productivity Commission report has found the cost of doing business in the Australian retail sector is inflated by inefficient red tape and a number of anti-competitive restrictions.
Competition tsar Rod Sims has informed SMEs they should expect an annual cost saving on their energy usage arising from the carbon tax repeal of between five and ten per cent
A Perth businesswoman who was last year subject to a record financial penalty arising from a Fair Work Ombudsman litigation will again face court over allegations she has continued to exploit and underpay foreign workers.
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Users of Australian Bureau of Statistics data may be required to pay for access after Treasurer Joe Hockey raised concerns about the Bureau’s funding after it owned up to errors in its calculation of monthly jobs figures.
Over two million Australian small businesses are positioned to benefit from growing global trade with online sales to foreign buyers forecast to triple to $16.1bn by 2018.
The IMF has assumed Australia’s unemployment rate to be the second highest in the Asia Pacific region over the next two years as it cut growth forecasts and raised the likelihood of global recession from 20 to 33 per cent.
The government has retreated from its proposal that unemployed people apply for 40 jobs per month in order to receive the dole following widespread concern small businesses would suffer under the additional administrative burden.
A lack of clear strategic planning and execution is behind the failure of too many SMEs with the latest ASIC figures showing it is the leading cause of insolvency for 42 per cent of businesses in the last financial year.
Supermarket giant Coles has agreed to fork-out more than $200,000 in back-pay for ten trolley collectors, conceding its employment practices were vulnerable to exploitation and underpayment.
