News
Super funds that invest in line with ethical principles have outperformed those that don’t, according to a new report. The Responsible Investment Association Australasia said 13 funds it rated as leaders in screening for environmental, social and governance factors outperformed 41 others over five-, three- and one-year time frames. Those 13 funds had an average one-year […]
Dynamic Business and Elmo Cloud HR & Payroll hosted the Top10 Dynamic Entrepreneurs luncheon in Sydney last Thursday. The Top10 Dynamic Entrepreneurs celebrates and recognises the hard-working, driven and passionate entrepreneurs in the Australian small business community. We know from our Friday entrepreneur features that a lot of the time, entrepreneurial work goes unnoticed in this […]
The Therapeutic Goods Administration has proposed major changes for the Australian supplement industry in 2020, which may see popular sports supplement products become unavailable in the Australian market. Bulk Nutrients, a major Australian sports supplement company, estimates that 90 per cent of the international and Australian owned sports supplements currently sold in the Australian market […]
The decision of the Reserve Bank of Australia today has been to hold the cash rate at a record low 0.75 per cent, as widely expected by economists. The board decision will allow Christmas and New Year spending activity to filter through before the central bank’s board considers the possibility of a cut to 0.5 per […]
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, says high growth small and medium-sized businesses (SMEs) will get the boost they need, with the big four banks backing the $520 million Australian Business Growth Fund. Treasurer Josh Frydenberg has confirmed ANZ, CBA, NAB and Westpac will each commit $100 million to the fund, […]
The economy may be in need of festive cheer but the Reserve Bank board is not expected to lower the cash rate from its current record low 0.75 per cent until after the holiday season. The Reserve Bank board is expected to hold the cash rate at a record low 0.75 per cent this week […]
The big four banks – Westpac, CommonWealth, NAB and ANZ – are each participating in the federal government’s new small business growth fund. The fund is being established in order to address the need of Australian small businesses for cash in order to scale and expand, avoiding the very real potential of going further into […]
Approximately $6.4 billion has been wiped from Westpac’s value since it was ensnared in a money laundering and child exploitation scandal. Westpac says it will update investors “in coming days” over how its money laundering and child-exploitation scandal occurred and what it is doing to make sure it never happens again. Chairman Lindsay Maxsted said the board […]
WeWork is laying off about 2,400 employees, almost 20 per cent of its workforce, as the office-sharing company seeks to drastically cut costs after it transformed from a Wall Street darling into a pariah in a matter of weeks. The long-anticipated layoffs are the biggest move yet by Japanese technology conglomerate SoftBank Group Corp – […]
The Sensis Business Index shows more than a quarter (26%) of Australian small and medium businesses (SMBs) believe Federal Government policies are working against them. SMB confidence in the Australian economy has nosedived since Q1 2018, with 48% now believing it is at a standstill and 39% believing it is actively slowing. Thirty five percent […]
Australia’s gender equality watchdog has dubbed the latest annual pay gap score card as ‘disappointing’ with only small changes. New pay data for the private sector has been dubbed “disappointing” by the director of Australia’s gender equality watchdog. Men in the private sector were still taking home more per year than women workmates, according to […]
The Australian Taxation Office (ATO) today announced that it will grant a two month lodgment and payment deferral to taxpayers impacted by the recent catastrophic bushfires in New South Wales and Queensland. Acting Deputy Commissioner Andrew Watson said that people affected by the fires should focus on getting their other affairs in order and not […]
Catastrophic weather conditions including extreme heat, strong winds, and low humidity are forecasted for Sydney and its surrounding regions today – the first time the NSW Rural Fire Service has issued the maximum level of warning in ten years. While Australia can experience a variety of natural disasters and wild weather conditions, such as floods, […]
The confidence business leaders felt after the federal election seems to be fading away, as a new report shows bosses are losing faith that growth will pick up. A business leaders confidence index survey carried out by The Executive Connection shows a decline in expected economic growth, current perceptions of economic performance and overall business […]
In the lead up to the Christmas rush, many small to medium businesses will be looking for additional short-term labour to meet the extra demands placed on them. Now, with the launch of an innovative new employment program for people with disabilities, they can improve their bottom line while making a difference to someone deserving. […]
Commonwealth agencies will start paying suppliers within five days from next year, or face interest on late payments, as long as they use electronic invoicing. Faster payments to suppliers from commonwealth agencies will be a “game-changer” for the small firms involved, says small business ombudsman Kate Carnell. From January 1st, federal government agencies will start […]
Some of the biggest businesses in Australia will trial a series of eight principles around artificial intelligence, developed as part of the Morrison Government’s AI Ethics Framework. NAB, Commonwealth Bank, Telstra, Microsoft and Flamingo AI have signed up to test the principles to ensure they deliver practical benefits and translate into real world solutions. Minister […]
Virgin Australia says it will retire five ageing aircraft and reduce domestic capacity by two per cent in the first half of next year as it focuses on more profitable routes. Virgin also said it would suspend its Melbourne to Hong Kong flight from February 11, which has underperformed with recent protests in the former […]
The Reserve Bank of Australia has held the cash rate at a record low 0.75 per cent, while keeping the door open for future cuts if the low cost of borrowing and tax cuts fail to stimulate the economy. Having delivered a third 0.25 percentage point cut in five months at its October meeting, the […]
The ATO’s heavy-handed manner of dealing with small businesses that allegedly owe taxes will be overhauled under a new scheme, according to The Australian. The Australian Taxation Office debt recovery system is expected to undergo a shake-up under a new scheme. Compensation owed to small businesses and taxpayers who have been wrongly or unfairly pursued […]
