#Visa
Startups to have easier access to global talent under new scheme being piloted by government
A new visa scheme will be piloted for 12 months from 1 July, this year, in a bid to attract highly-skilled global talent to Australia and boost the nation’s capacity for innovation, Minister for Jobs and Innovation, Michaelia Cash, has announced. [Related: If employers can’t import critical talent on visas, they’ll consider overseas hires, says […]
Aussie businesses welcome easier access to money
The current interest rate in Australia is 1.5%. It has been that way for 16 months +, as the Australian central bank pursues an accommodative monetary policy to facilitate growth and recovery. Unfortunately, the tough times post global crisis meant that Australian banks and financial institutions were a lot more stringent about who they approved […]
‘Tap and go’ reforms would save merchants $290m a year, says small business ombudsman
A parliamentary committee recommendation for banks to reduce ‘tap and go’ transaction fees has attracted support from the Australian Small Business and Family Enterprise Ombudsman Kate Carnell. The House of Representatives Standing Committee on Economics recommended that banks let merchants send tap-and-go payments from debit cards through eftpos instead of credit, and that regulatory action be taken […]
“We’re just like a dating site”: Puffling’s co-founder discusses her job-share platform
Fresh from winning the People’s Choice Award at the Visa Everywhere Initiative (VEI), a pitching competition for female-led startups, Puffling co-founder Sarah Parker spoke to Dynamic Business about the problem her ‘dating site’ for job sharers is solving for return-to-work parents and employers. DB: What is the elevator pitch for Puffling? Parker: Puffling solves the […]
Small businesses urged to prepare now for forthcoming excessive payment surcharge ban
The Australian Competition & Consumer Commission (ACCC) is urging small business owners to prepare themselves for the excessive payment surcharge ban that will apply to all businesses from 1 September 2017. The new law limits the amount that a business can charge customers for use of payment methods such as EFTPOS (debit and prepaid), MasterCard […]
Three reasons this year’s federal budget is advantageous for small business owners
After the Federal Budget was announced on Tuesday, 9 May, small business owners will be trying to work out what matters most to them. Here are three main things we have been reviewing that may impact how small business do business – and it is mostly for the better. 1. Less red tape It is […]
Credit card fee changes could devalue reward schemes used by SMEs, warns American Express
New card payment regulations, which commence mid-year, could impact how SMEs conduct business but a majority have a limited understanding of the changes, American Express has warned. Card payment regulations announced by the Reserve Bank of Australia last year are due to come into force from July and will cap the fee that Visa, MasterCard and bank-issued American Express […]
Foreign worker changes raise the spectre of workplace rorts
The recent relaxation of subclass 457 visa rules has opened up new opportunities for some businesses, but reignited fears of potential workplace rorts. In February, the cap on business nominations for skilled migrants imposed by the former Labor government was quietly lifted by the Abbott government and was quickly followed by a new review into […]
Financial goals, but no roadmap
While many of us dream of owning a fancy sports car or house right on the beach, the majority don’t know the right way to save in order to get there.
What you’re really giving away on social media
Almost a third of Australians share their birthdate on social media, according to a new survey.
A look at the changing payments landscape
While Australians recognise the name, many don’t know how eftpos works and what happens when customers press ‘CHQ’, ‘SAV’ or ‘CR’ at the checkout.
The tips and traps of business credit cards
Business credit cards are a useful financial tool for both small and large businesses but there are many tips and traps to be aware of.
braaap: A business operating at full throttle
Brad Smith’s story is a classic example of a passionate hobby unfolding into small business success. From quiet beginnings in the backyard shed with his Dad, his passion, drive and energy have helped him build a retail chain of braaap stores.