News
Ahead of the release of the 2018-19 Federal Budget on Tuesday (8 May), Dynamic Business spoke to a cohort of startup advocates about the measures they hope to see from the Turnbull Government. In this article, the first in a two-part series, Sarah Moran (Girl Geek Academy), Beau Leese (Intersective), Mick Spencer (ONTHEGO), Bridget Loudon […]
The permanent continuation of the $20,000 instant asset tax write-off scheme for businesses with up to $10million in annual revenue tops the Federal Budget wish list of Australia’s SMEs, according to research undertaken by MYOB. Originally set to conclude after 30 June 2017, the scheme was extended until 30 June 2018 by the 2017/18 Federal […]
An online tool designed to make it easier for small businesses to apply for a trademark and secure a brand name has been launched by the Australian Government agency responsible for administering IP rights and legislation. Trade Mark Assist, unveiled today by IP Australia, helps users to: check whether their proposed trade mark complies with […]
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has released a position paper identifying ways to reduce the complexity of the workplace relations system for small businesses. “We have had significant consultations with small businesses over the last two years and the overwhelming view is the legislation is far too complicated for the […]
Sole traders and micro businesses operating in Australia’s tried and tested’ trades-based industries are enjoying the most growth and the greatest financial returns, according to data released by fintech startup Invoice2go. The Most Lucrative Industries for Australia’s Small Businesses list was compiled by aggregating annual invoicing activity of more than 23,000 Invoice2go mobile app users. […]
Sydney deep tech incubator, Cicada Innovations, has been named ‘Top Incubator in the World’ by global peak industry association for entrepreneurship programs, the International Business Innovation Association (InBIA). [Related: Now that more capital is available to deep tech startups, they need better access to makerspace: Cicada Innovations’ CEO] Finalists were selected from over 2,200 InBIA […]
“Repeat business is both an honour that confirms you’re doing something right, and a reminder to push yourself to keep serving the people who love what you’re doing,” says entrepreneur Kyla Kirkpatrick. Here, she shares her secrets to earning repeat business. It has been 10 years since I started The Champagne Dame and I am […]
A Federal Government review of auDA – the not-for-profit organisation responsible for administering the .au domain – has found its management framework is “no longer fit-for-purpose” and requires urgent reforms to meet the needs of Australia’s internet community. The review, undertaken by the Department of Communications and the Arts, outlines 29 recommendations for the auDA […]
Gender equality startup WORK180 has secured $1 million from seed investors including Skip Capital – the private investment fund of Atlassian Co-CEO Scott Farquhar – to fuel the international rollout of its unique jobs platform. WORK180 (formerly known as DCC Jobs) was launched in 2015 by co-CEOs Gemma Lloyd and Valeria Ignatieva to disrupt the […]
Sydney is the number one location in the Asia Pacific for startup founders to connect and building strong relationships, the results of a global startup survey show. [Related: “Huge coup for Sydney” – $35m startup hub to host exclusive Microsoft accelerator program, The NSW Government is launching a $35 million innovation hub; the startup […]
Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has encouraged business owners to urgently contact her office if they have experienced “heavy handed tactics” by the Australian Taxation Office. The Ombudsman, together with the inspector-General of Taxation Ali Noroozi, has been directed by the Treasury to examine cases of unfair conduct the ATO. The investigation, […]
A parliamentary committee chaired by ex-Deputy PM Barnaby Joyce has made six recommendations to the Federal Government to help small businesses compete against overseas, internet-based firms marketing to Australian consumers. In its report into the impact of global, internet-based competition on local businesses, the Innovation, Industry, Science and Resources Committee recommended the creation of a […]
ASX-listed fintech Novatti Group has launched a new bill payment solution for members of Australia’s growing community of Chinese residents, migrants, students and toursist, resulting in its shares surging more than 36% in a day. The chinapayments.com platform enables consumers to pay billers registered with the BPAY electronic bill payment system, using funds from their […]
Following an ASIC investigation, mining magnate and former politician Clive palmer has been charged with breaching takeover law arising from a proposed takeover of The President’s Club (TPC). His company Palmer Leisure Coolum (PLC, previously known as Queensland North Australia) has also been charged over the proposed takeover. ASIC alleges that in April 2012 PLC […]
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has commenced an inquiry into international initiatives designed to address the funding gap for small to medium sized enterprises (SMEs). [Related: Small Business Ombudsman calls for Govt to consider UK approach to boosting SME finance, Major barriers to SME investment explored by new report from […]
The ACCC has expressed concern about the potential for an accounting software monopoly arising from MYOB’s proposed acquisition of Reckon’s Accountants Group. [Related: MYOB to buy a slice of Reckon for $180m] “If MYOB acquired Reckon’s Accountants Group, it would likely be the only supplier of practice software suitable for medium to large accounting firms,” […]
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 […]
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 […]
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 […]
The Australian Securities and Investments Commission (ASIC) has released a report detailing changes made by the big four banks to remove unfair terms from their small business loan contracts of up to $1 million. The report, Unfair contract terms and small business loans, also provides detailed guidance to bank and non-bank small business lenders about compliance with […]
