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As Australia celebrates NAIDOC Week 2020, it is vital to put the spotlight on Australia’s thriving Indigenous businesses. We celebrate up-and-coming and experienced Indigenous entrepreneurs and look at how companies can support and procure from Indigenous businesses. There are currently up to 16,000 Indigenous-owned businesses in Australia. This number is set to grow to over […]
After an incredibly challenging year, the upcoming Black Friday sales on the 27 November presents as an attractive opportunity for engaging new customers. However as both a non-Australian event and a sale that typically involves lucrative discounts, participating in Black Friday may not actually benefit your business’s margins. This week we ask: Black Friday – […]
Commonwealth and state and territory consumer affairs ministers have agreed to strengthen existing unfair contract term protections in the Australian Consumer Law, affording up to 99 per cent of businesses protection. “Evidence gathered through public consultation indicates that unfair terms remain prevalent in standard form contracts and there is uncertainty around the scope of the […]
Australian sustainable packaging startup Planet Protector Packaging has been one victim of the Chinese-Australian trade tensions, after their deal to provide the packaging of rock lobster exports was put on hold. Planet Protector Packaging (PPP) was established in 2016 in response to the global plastic waste crisis. Their product aims to eliminate polystyrene from supply […]
Steve and Nick Tidball don’t believe in following the rules. The British twin brothers ignored traditional business thinking when they co-founded Vollebak in 2016, by using science and technology to create clothing for the future. Steve and Nick were two of the biggest names in advertising and knew little about running a clothing line when […]
Tensions between China and Australia are steadily increasing as the Chinese government continue to stop Australian imports. This is said to be due to Prime Minister Scott Morrison calling for an inquiry into the origins of COVID-19. China has threatened to slap major tariffs on many Australian industries, possible resulting in a $6 billion blow […]
The Tech 23 Deeptech Festival is hosting the AI Conclave on the 11 to 12 November, providing an opportunity for businesses to hear expert advice on the latest AI and machine learning trends. The AI Conclave is a free online event that helps businesses build customer-centric, scalable solutions in the cloud with Amazon’s machine learning […]
The RBA’s November Statement on Monetary Policy revealed that Australia has fared better than expected but the recovery is “expected to be bumpy and uneven” and “highly sensitive to further virus outbreaks.” Although spending is still below levels seen prior to the pandemic, the RBA predicts that Victoria’s emergence from lockdown and policy measures such […]
As consumers demand more sustainable and ethical business operations, companies can now join forces and fight climate change collaboratively through Mastercard’s Priceless Planet Coalition. The Priceless Planet Coalition (PPC) unites merchants, banks, cities and consumers to plant 100 million trees by 2025. It is a platform where businesses can crystallise their sustainability goals and help […]
Australian fintech Verteva today announced it has rebranded to Nano and written its very first home loan via mobile, as it prepares to disrupt the mortgage industry. The company, run by two former Westpac execs, has also begun official beta testing and welcomed family and friends to experience its home loan product and platform ahead […]
While COVID-19 is changing the face of reality on a global scale, it is also bringing many Australians unprecedented financial struggles. Unfortunately, we are also seeing a rise in financial crimes and identity theft as scammers target Australian families, businesses and the Government to illicitly acquire proceeds from bank accounts and retirement savings to name […]
The CSIRO has released a new report The Value of Science and Technology that lists the five main barriers to innovation in Australia and the respective solutions that businesses can adopt to overcome these challenges. The main barriers identified by the report are: Declining innovation investment: investment into R&D innovation has been declining and is […]
The role of corporates and financial institutions will be instrumental in planning for and supporting economies and communities as Australia transitions from coal-fired electricity to a low carbon world, according to a new report. The report, Just Transition: Implications for the Corporate Sector and Financial Institutions in Australia, prepared by the Institute for Sustainable Futures […]
Parental Leave policy is something all businesses need to consider. While there are legal requirements for organisations to adhere to, there are extra steps that can be taken to separate one business from another and assist those taking care of children. However, these steps may come at a cost to the business. In today’s Let’s […]
‘Digital Transformation’ has been a buzzword for businesses for many years, but in the last six months it has been fast-tracked in a way none of us expected, thanks to the COVID-19 pandemic. Organisations of every size and shape have had to rethink the way they do business, whether it’s pivoting to launch a digital […]
Australian fintech Beforepay has today announced the successful completion of its AU$4 million Series A capital raise. The round, which closed in nine days and was oversubscribed, brings the total amount raised this year to over AU$6 million. The AU$4m Series A round was led by venture capital investor, Airtasker Chairman and Vocus Communications founder […]
In a digital address to the McKell Institute today, Shadow Minister for Innovation, Technology and the Future of Work Clare O’Neil warned of the “tsunami coming for workers in predominantly male industries.” In June, Ms O’Neil outlined how COVID-19 disproportionately affected women because of the havoc it wreaked on female-dominated industries such as hospitality and […]
Tax policy under a Biden presidency may facilitate more US investment into Australia than a Trump presidency, according to the United States Studies Centre. Biden has proposed raising the corporate tax rate from 21 per cent to 28 per cent, raising personal income tax for the top individual earners from 37 per cent to 39.6 […]
The Australian economy will lose more than $3 trillion over the next 50 years if climate change is not addressed, according to a new report from Deloitte Access Economics. The report titled A new choice: Australia’s climate for growth said if net-zero emissions policies are adopted by 2050 it could create 250,000 jobs and add […]
The Kwinana Refinery in Western Australia will be permanently closed and converted to an import terminal, as dwindling demand puts pressure on the fuel industry’s margins. “Regional oversupply and sustained low refining margins mean the Kwinana Refinery is no longer economically viable,” said bp Australia in a media statement on Friday. This closure follows the Federal […]
