News

Australian businesses are tipped to cash in on the FIFA World Cup this year, with merchandisers, retailers, football organisations and bookmakers expected to take home tidy profits.

How many events have you been to that you want to kill yourself at? The speeches are boring, there is the standard drinks package, you dry retched on the hideous canapés, there is no entertainment, the gift bags have a heap of promotional collateral and the most decent thing in it is a branded pen or a stress ball?

National Australia Bank (NAB) through it’s wholly owned subsidiary Great Western Bank (GWB) has announced the acquisition of the failed TierOne Bank (TierOne) from the Federal Deposit Insurance Corporation (FDIC) for a cash payment of approximately US$76 million.

The Federal Government’s proposed increase in the Superannuation Guarantee from 9 to 12 percent has ‘almost universal support’ from Australians a poll commissioned by ASFA concludes.

Employers are being warned to expect a spike in employee absenteeism surrounding the World Cup, being prepared for the possibility can lessen the impact on productivity.

While relaxing on my balcony and making the most of a rain-free day, I sat eating my lunch and reading the Sunday Telegraph, I stumbled across an article by Brittany Stack: Aussies are working longer hours than ever: Dining al desko. She shared research, conducted by Mark McCrindle whom I respect greatly for his research accuracy, which identified:

National Cyber Security Awareness Week started yesterday, and while the name might sound like something from the 1980’s ‘Cyber Security’ is more important now than ever for your business.

Sydney Homeless Connect officially launches tomorrow, with the support of the City of Sydney, the Centre for Volunteering NSW and Homelessness NSW.

The big news in 2009 was the federal government’s Investment Allowance, so if yours was one of the larger companies which took advantage of the 30% investment allowance, the end of tax year is your final deadline.

Kevin Rudd’s draft paid parental leave bill was presented to the Senate last night, with small business is up in arms over the headaches it will create.

Potential franchisees need to embrace the free pre-entry education run by Griffith University, rather than make decisions on “gut feeling” when choosing to buy a franchise the ACCC has said.

ATO changes to family trusts will see Australian businesses subject to cost and time burdens in order to comply with two landmark rulings yesterday from the ATO effective July 1 2010.

National Australia Bank (NAB) and Australia and New Zealand Bank (ANZ) held secret talks in 2008 to merge, but plans were scuttled by the Federal Government The Australian reports.

The Australian Competition and Consumer Commission has instituted legal proceedings in the Federal Court, Melbourne against Singtel Optus Pty Ltd for alleged contraventions of the Trade Practices Act 1974 in relation to the use of the word “unlimited”.

MLC is launching a series of workshops next week to help financial advisers make the transition to a fee-for-advice business model.

Fair Work Australia has increased the wages of 1.4 million award-dependent workers by $26 per week after a two year wage freeze under the previous Government’s wage-setting tribunal.

Australian gelato franchise, Trampoline Gelato, has made its way up north with the opening of not one, but two new stores in Darwin.

COSBOA have gone back to the future, announcing the re-appointment of of former Chairman Bob Stanton to head the COSBOA Board.

Job vacancies have plummeted 17.7 percent since March, falling a 13.7 per cent in May, following a 4 percent drop in April, according to the latest monthly data from IPA.

Being a business owner can be quite isolating at times and being a business owner in Australia even more so. It has always been important to me that I measure Red PR’s success not only on our competitors in Australia, but around the world.