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 […]
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 […]
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 […]
Although it’s becoming easier for startups to raise capital in Australia, high-growth companies are hamstrung by a shallow pool of global talent, warned Alex McCauley, CEO of StartupAUS and lead author of the 2017 Crossroads Report. The report, a comprehensive review of the nation’s startup ecosystem, features a state-by-state brief on the progress of local startup […]
All businesses across Australia are now banned from hitting customers with excessive surcharges for using certain types of EFTPOS, Mastercard, Visa and American Express cards to make payments. The excessive surcharging ban has applied to large businesses since September last year and now extends to all businesses that are either based in Australia or use […]
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 […]
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 […]
Businesses that employ foreign workers will be subject to a new levy that will be used bankroll a fund for training Australian job seekers, the Government announced in the Federal Budget. From March 2018, businesses will be subject to a levy of $1200 per foreign worker or $1800 if they’re on a temporary skilled visa. In […]
The 457 visa changes continue to divide the business community as to whether they represent an opportunity or a challenge to overcome. For David Ballerini, co-founder of Melbourne start-up Liven – a restaurant discovery app – a key concern is the potential for increased development costs. “Occupations to be dropped from the replacement programs include ICT support and test […]
There are calls from the start-up community for the Federal Government to clarify its plan to abolish 457 visas and address concerns the reform could create a skills gap, especially in the technology sector. Dynamic Business was provided with comment on yesterday’s announcement by the leadership of Shippit, Weploy, SafetyCulture, QUT Creative Enterprise Australia, Schedugram and Sail Business Loans. Offshoring and brain drain Logistics […]
