News
In celebration of 70 years of diplomatic ties since 1945 and to promote continued cooperation for trade and investment, September will be known as ‘the month of Brazil’ in Australia. Australia and Brazil, the Southern Hemisphere’s two largest economies, have shared a strong bilateral relationship that has in recent years become an even more important […]
The Australian Tax Office (ATO) will be targeting up to 90,000 small businesses over the next three months as part of a major compliance operation. The ATO will be obtaining details from 11 financial institutions including American Express, Commonwealth Bank and ANZ for credit card payments received by small business for the 2014-15 financial year. […]
According to the latest smartphone sales data from Kantar Worldpanel ComTech, the Android OS has shown continued market share losses for the three months ending July 2015. In Australia the Android share has fallen by 10.5 pts compared with a 7.9 pt increase for iOS. Share losses have also been seen across Europe’s largest five […]
If you’re considering buying a new iPhone – it might be worth holding off for a little while longer. On September 9 the Bill Graham Civic Auditorium in San Francisco will play host to Apple’s next event where it is expected to launch the new iPhone 6s. It is also rumoured that the next iPad […]
The NSW Government’s Dispute Resolution Unit (DRU) has handled over 37,000 enquiries over the last three years according to new data. The number of enquiries from small businesses has increased each year over this period. Minister for Small Business John Barilaro said new data shows how the government is sparing small businesses from the burden […]
The Reserve Bank of Australia has left the cash rate unchanged at 2 per cent for September. This will be the fourth consecutive month the rate has remained unchanged. RBA Governor, Glen Stevens said “the economy is likely to be operating with a degree of spare capacity for some time yet, with domestic inflationary pressures […]
After a joint investigation by Fairfax and Four Corners uncovering widespread underpayment of staff by 7-Eleven franchisees, 7-Eleven has said in a statement that it will pursue franchisees to repay money owed to present and former staff. Chief Executive Officer, Warren Wilmot said “the viability of the 7-Eleven system is in no way, never has […]
7-Eleven store owner and operator, Harmandeep Singh Sarkaria will face the Federal Circuit Court over allegations that he underpaid two migrant workers almost $50,000 and created erroneous records for the workers. The Fair Work Ombudsman (FWO) who initiated the legal proceedings has alleged that Mr Sarkaria short-changed one migrant employee from Pakistan $43,633 between 2012 […]
With 270,000 businesses expected to saturate the market in the next five years, many business owners will be forced to accept a sub-standard price or walk away with nothing. According to the Exit Smart Survey conducted by national chartered accounting and advisory form William Buck, almost 80 per cent of business owners are over 50 […]
According to recent PwC analysis commissioned by Google, SMEs have the potential to access an additional $49.2bn in output over the next 10 years by making better use of technology. Commenting on the $49.2bn figure outlined in the Small Business: Digital Growth report, PwC economics partner, Jeremy Thorpe said “that’s how much the Federal Government […]
Telstra CEO, Andrew Penn, has been announced as the most viewed CEO in Australia according to LinkedIn’s 2015 Power Profiles Australia. The power profiles reveal the most viewed CEOs and leaders across a range of industries including technology, finance, internet, human resources, marketing and advertising. Following Telstra’s Andrew Penn at the top of the list […]
The Commonwealth Bank has introduced a Real-time Alerts feature for their Business Transaction Accounts following a new study that revealed small businesses spend more 10 days a year managing finances. According to the survey of over 500 small business decision makers, 75 per cent of the time spent included tasks such as chasing payments, scheduling […]
An online retailer of kitchen appliances including Omniblend blenders, has been ordered to pay a pecuniary penalty of $17,500 for aiding, abetting, counselling and procuring overseas supplier, Taiwan Star International (TSI), to engage in resale price maintenance. The Federal Court of Australia found that TSI sought to induce Omniblend’s competitor not to sell OmniBlend blenders […]
Offering emergency response, crisis and risk management services to government agencies, corporates and not-for-profits, Perth-based Executive Risk Solutions (ERS), were crowned Business of the Year at the 2015 Telstra Business Awards ceremony in Sydney last night. Scott Houston, who served in international conflicts as a former Special Air Services Regiment trooper, established the business in […]
A three-day festival is due to take place in Sydney that aims to address an urgent need for innovation in Australian business. Sound like a good cause? Well, that’s not all – all proceeds for the event will go directly to Cure Brain Cancer Australia. SWITCH FESTIVAL will take place 27-29th of August at the University […]
The Australian Retailers Association (ARA) has expressed its dismay at the Victorian Government’s decision to introduce two new public holidays for the state. The public holidays on Grand Final Day and Easter Sunday will increase Victoria’s public holidays to 13 per year. The ARA have said many retailers will be forced to close their doors […]
Bigstone Capital, a start-up Australian loan market dedicated to small business, and The Interface Financial Group (IFG), one of the North America’s largest alternative finance sources for small businesses have signed a deal to deliver a flexible invoice finance product funded by peer-to-peer market platform. As a result of the collaboration, a range of funding […]
The Federal Circuit Court has fined a former owner of the Crust pizza outlet in Maroubra $3825 for refusing to reimburse 8 underpaid workers. The 8 delivery drivers and sales employees who worked for the former owner, Sotirios Theocharidis, were underpaid a total of $25,995 in 2013. The underpayments were discovered by the Fair Work […]
25 Factory workers at Nambucca Heads on the NSW North Coast have been underpaid by a total of $45,000 over eight years. An investigation by the Fair Work Ombudsman discovered that the wages system had been set up incorrectly resulting in miscalculations of leave accruals, leave loading and superannuation entitlements between 2007 and 2015. The […]
In a movement to help drive Australia’s innovation agenda, the NSW Business Chamber has established the Industry Research Collaboration Advisory Alliance. The NSW Business Chamber Chief Executive, Stephen Cartwright, said that a number of representatives across the innovation ecosystem have been brought together to develop practical steps to make industry research collaboration and easier and […]
