News
Recent figures released from the Australian Bureau of Statistics have confirmed that coal was Australia’s largest single export in 2018. A statement released this week from the Coal Council of Australia said that coal had now asserted its pivotal role in the Australian economy. “Historically coal has been Australia’s most significant export contributor, and the […]
The findings of the Royal Commission into the banking and financial services sector is expected to turn the finance industry on its head with fears of interest rate rises following a ban on broker commissions. Scottish Pacific CEO Peter Langham said that adding a broker fee for service would be detrimental to small business owners […]
Following on from the World Economic Forum Annual Meeting in Switzerland, 76 members of the World Trade Organisation have begun negotiations on new international rules in digital trade. The negotiations on trade-related aspects of e-commerce are a significant step towards updating international trade rules. Australian Minister for trade, tourism and investment, Simon Birmingham said: “Through […]
Small business owners could be most impacted once the final report of the Royal Commission is released later today. According to Scottish Pacific CEO Peter Langham, the impact of the Royal Commission will be far and wide and there are growing fears that small businesses will find it even harder to access funding. “From where […]
Ricoh, a leading provider of smart workplace technology, yesterday announced the findings of its Workplace Innovation Index, a new look into the challenges Australian organisations face with driving innovation and adapting to change. In a survey of business leaders conducted on behalf of Ricoh by StollzNow Research, only one-quarter (25%) believe innovation is core to […]
Small businesses will be safeguarded against unfair contract terms under Labor’s proposed legislation to make them illegal. Large businesses could face hefty fines of up to $10 million for contracts that contain unfair terms such as, unreasonable ability to end an agreement and allowing the contract provider to solely vary all terms. A joint statement […]
New South Wales business, The blueprint Laboratory, is one of 16 Australian businesses that will share almost $10 million in funding. The Accelerating Commercialisation grants are part of the Liberal National Government’s Entrepreneurs’ Programme, which provides financial assistance to help businesses take their products to the next level. Minister for Industry, Science and Technology Karen […]
The Government’s announcement to increase and extend the instant asset write-off is expected to stimulate small business growth and investment. According to business accounting software company, MYOB, 28 per cent of small businesses find cashflow a real pressure. “Steps like these will provide a welcome leg-up to businesses looking to achieve growth this year,” said […]
The Sunsuper Australian Job Index has revealed that financial and insurance services were the worst performing industries of 2018 with employment demand dropping by almost 10 per cent. Sunsuper’s chief economist Brian Parker said it came as little surprise that financial services were among the weakest performing industries in 2018 when it came to […]
Seamless experiences, sustainable living, flexible work life and the changing notion of home were the four key trends that emerged from a study, Where the World’s Moving Global Report, which released its findings today. Global money transfer company OFX commissioned the study which surveyed the lifestyle trends of more than 800 citizens aged 25-65 years […]
Australian auto services franchise, Ultra Tune, has been fined $2.6 million for breaching both the Franchising Code of Conduct and the Australian Consumer Law. The Federal Court found that Ultra Tune had made misleading representations to a prospective franchisee about the price of the franchise, ongoing rent of the premises and the age of the […]
A new bilateral Wine Agreement and Mutual Recognition Agreement will ensure continued trade flow between Australia and the United Kingdom post-Brexit. The new Wine Agreement replicates an already existing agreement between Australia and the European Union, which means the UK will accept Australian winemaking practices, and labelling and certification standards. Minister for Trade, Tourism and […]
Small businesses struggling with rising electricity prices can look forward to some relief following price cuts from some of Australia’s leading energy providers this month. Government pressure has resulted in energy retailers lowering their standard offer prices, meaning thousands of Australian families and small business owners will receive an automatic discount of up to 15 per […]
Self-funded retirees are set to be hit with a double tax if Labor’s proposed ‘retiree tax’ is implemented after the next Federal election. National Director for Advance Australia, Gerard Benedet, said the Federal Opposition’s tax grab would impact almost 1.1 million self-funded retirees, including those on low incomes. “84 per cent of Aussies set to […]
After 14 years in the car industry, John Fountain has taken a simple spreadsheet and turned it into an innovative cloud based platform that is revolutionising the car industry on a global scale. Since its launch in 2014, SalesLogs has enjoyed rapid growth and is preparing to launch into Asia, Europe and the United States. […]
Queensland mineral processing company, Sedgman, has been awarded a contract at Central Queensland’s Byerwen Coal Mine, generating revenue of $155 million for CIMIC Group. Established in 1979 and acquired by CIMIC Group in 2016, Sedgman has a long history in the resources industry, and this contract will continue CIMIC Group’s long-standing relationship with QCoal Group. […]
Australia’s first neo lender, Wisr, has joined Platform Finance’s consumer lending panel allowing more than half of all finance brokers access to Wisr’s unsecured personal loans. Wisr’s head of growth Peter Beaumont said Wisr had a sharp focus on growing and supporting its broker channel. “We are extremely pleased to be working with Platform Finance. […]
Property investors are encouraged to adopt a capital growth strategy and ‘time the market’, as property prices are expected to tumble if the ALP’s proposed changes to negative gearing and capital gains tax are implemented after the next federal election. RiskWise Property Research CEO Doron Peleg said the ALP had proposed limiting negative gearing to […]
INVESTORS now have an opportunity to indirectly invest in cryptocurrency assets following today’s launch of the Helio Secured Income Fund – a regulated Managed Investment Scheme with an Australian Financial Services Licence. The new arm of Helio Lending is an Australian, unregistered, open-ended unit trust open to Wholesale Clients with a minimum investment of $50,000. […]
