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The OECD has found that penalties for competition law breaches are ‘significantly lower’ in Australia than in comparable OECD jurisdictions, prompting the nation’s competition regulator to announce it will rethink its approach to competition law enforcement. The OECD report, Pecuniary Penalties for Competition Law Infringements in Australia(link is external) compared the penalties for companies which breach […]

When startup founders first get up and running, they must, of out necessity, be lean and nimble – and that keeps them sharp. As resources become less scarce, it will become more and more challenging for founders and their teams to embody these qualities. In turn, this may lead them to lose sight of what […]

I largely abandoned paper notebooks a long time ago, despite being someone that has an unhealthy love of stationary shops. I travel a lot, so anything that adds weight to my bad needs to justify its space. Given I take all my notes on Evernote, I felt that bringing a notebook with me was redundant. […]

While futurists talk about Artificial Intelligence and robots ruling the workforce, the HR industry has a challenge that is much closer to home. Digitising recruitment and retention processes is critical in today’s hot talent market in order to strike the delicate balance between maximising profit and retaining the best staff. This fact is amplified for […]

While small business owners often dream about one day scaling up their operations, many struggle to let go of their early stage business responsibilities so they can allocate the time to delivering high value tasks and growing the business.   [Editor’s note: This is the sixth in a 12-part series, by accountant and serial entrepreneur Tanya Titman, […]

One of the unavoidable realities of doing business today is the pervasiveness of cyberattacks, which are a major threat to the security and safety of company data. In fact, the Federal Government estimates that Australian businesses lose a whopping $1 billion to cybercrime each year – a cost that is expected to rise exponentially [1]. […]

Cloud-based HR, payroll and benefits platform Employment Hero have raised $8 million during a Series B funding round co-led by employment marketplace SEEK and OneVentures, with contributions from AirTree Ventures and AMP. The capital injection, which will be used to roll out new products and services, follows on from Employment Hero’s oversubscribed $4.5 million Series A round, […]

Security Colony was one of six cybersecurity companies selected by Austrade & AustCyber to take part in the Federal Government’s Landing Pad program in San Francisco. In this exclusive series for Dynamic Business, Nick Ellsmore, co-founder of Security Colony shares his journey as he builds his second business (the first sold to BAE Systems) and introduces an Australian-built cybersecurity solution […]

The progression of conversational artificial intelligence (AI) has completely transformed the way consumers engage with businesses. Recent breakthroughs have led to a new generation of Virtual Assistants (VAs) – these could be specific to your bank, telco and even your pizza ordering. As the Australian business landscape becomes increasingly more competitive – particularly as international […]

With companies increasingly defaulting on payments, going into administration and getting wound up by the ATO, small to medium businesses are more vulnerable than ever to bad debtors. To safeguard their bottom line against slow and non-payers, it is necessary for businesses to perform due diligence on their customers and otherwise maintain an effective credit management system. Our […]

Sydney-based technology company Ansarada has raised $24 million in Series A funding to meet surging demand for its AI-powered ‘business readiness’ platform, accelerate the rollout of new products, and facilitate further global expansion. Founded in 2005, Ansarada harnesses data as well as AI and machine learning tools to assist advisors and investors to identify prospects, […]

A trio of entrepreneurs whose startups are harnessing disruptive technologies to solve big challenges in business, health insurance and other sectors have been selected to represent Australia at EY Global Accelerated Entrepreneurs in Europe. Trumping 68 other program applicants from Australia, Michael Kruger, Trent Clews-de Castella and Justin McArdle will fly to Amsterdam, next month, […]

A Queensland company that secured millions in tax refunds for clients by exploiting the R&D tax incentive program has been ordered by the Federal Court to pay a $4.25 million fine to the Commissioner of Taxation. The Commissioner commenced action last year against Australian R&D Funds and Grants Services Pty Ltd, now known as International […]

Having birthed more than half a dozen startups and steered some of Australia’s biggest corporates, you’d think that Sydney’s Jamie Pride has much to say about success. Instead, the serial entrepreneur, venture capitalist and self-described ‘misfit’ is more interested in discussing the personal toll of failure. Noting the high rate of startup failure in Australia, […]

Australian startups are raising millions of dollars of venture capital funding, with recent high profile raises including Canva raising $50.9 million in January 2018, Hyper Anna raising $16 million in August 2017 and Culture Amp raising $26.4 million in June 2017. Hundreds of Australian startups are raising smaller amounts in seed and series A capital […]

Unveiled this week, the Global Talent Scheme represents a softening of the Government’s stance on skilled immigration. Dynamic Business spoke with a cohort of business leaders from across the tech, recruitment and startup sectors to gauge whether they believe the 457 Visa replacement scheme will satisfy the needs of SMBs for highly-skilled foreign workers.  [Related: Startups […]

Today is Harmony Day, the annual Australian holiday recognising our multiculturalism and different backgrounds. It’s a great opportunity as a workplace to celebrate what makes us as individuals different and unique, as well as what makes us inclusive as a society. We celebrate Harmony Day as Harmony Week every year. It gives everyone in the […]

Australia’s peak startup body, StartupAUS, has expressed disappointment in a senate committee’s recommendation to exclude technology companies from legislation extending the copyright safe harbour scheme to a broader range of service providers. [Related: Startups to have easier access to global talent under new scheme being piloted by government] The report on the Copyright Amendment (Service Providers) […]

The Victorian Government will invest $2.9 million in educating thousands of Victorian startups though the state’s startup agency, LaunchVic. Sixteen service providers have been selected to run the education programs, with up to 2,000 places available to Victorian startup founders and their staff. The programs will vary in length and format, and include short courses, intensive […]

James Packer, son of media mogul Kerry Packer, has removed himself from the board of Crown Resorts due to ‘personal reasons’, the gaming and entertainment group has announced. Commenting on Packer’s resignation, Crown’s Executive Chairman, John Alexander, said, “We have appreciated James’ contribution to the Board and respect his decision to step down from his […]