Business
Jobs data tops economic agenda as Iran war re-escalates
22 July
Jobs data is expected to show ongoing resilience in Australia’s labour market but renewed conflict in the Middle East could bring more bad news for the domestic economy. The unemployment rate is expected to hold steady at 4.4 per cent in June...[Read More]
Cyber awareness in everyday life: Five ways to avoid being scammed
16 July
Our everyday lives are increasingly managed online. We receive bills by email, banking alerts by text, delivery updates and payment requests through apps and websites. These services are convenient, but they also give scammers more opportunities to...[Read More]
The top 10 things small business owners often forget when getting started
16 July
Starting a small business is exciting. You may have a great idea, industry experience and the motivation to build something of your own. However, enthusiasm alone does not create a sustainable business. Many new business owners focus heavily on...[Read More]
Location set for Australia’s first gas-free steel mill
8 July
Australia’s first new steel mill in three decades will be unlike any before it. Run entirely on electricity, the Greensteel Australia factory to be built in the NSW Hunter region will make steel that’s low emissions and unencumbered by fossil...[Read More]
Strong jobs figures clock on for future rate rise shift
1 July
Stronger-than-expected jobs and spending data has bolstered the case for more rate hikes, but events overseas could stay the Reserve Bank’s hand. An extra 40,300 jobs were added to the economy in May, driving down the unemployment rate to 4.4 per...[Read More]
Labor identifies businesses to be exempt from new tax
24 June
A budget backlash has prompted Labor to announce new carve-outs for innovative firms from the capital gains tax, as well as a backdown on a minimum tax on testamentary trusts. WHAT DID LABOR ANNOUNCE IN THE BUDGET? * The existing 50 per cent...[Read More]
‘Bad to worse’: productivity sinks to post-pandemic low
17 June
Australians are working longer hours but it’s not showing up on the productivity scoreboard as levels tumble to a post-pandemic low. The Productivity Commission’s quarterly bulletin reinforces the scale of the challenge confronting Treasurer Jim...[Read More]
Tax changes push biotech and health sectors offside
10 June
Some of Australia’s leading health and life sciences organisations are urging Treasurer Jim Chalmers to review the changes to research and development taxes proposed in his budget. Sector advocates say while they’re concerned over a number of Dr...[Read More]
Businesses MIA on rooftop solar and battery revolution
10 June
Australian households are generating nearly four times as much solar energy as retailers, manufacturers and other non-residential buildings, with most commercial rooftops panel-free. Harvesting the vast, untapped generating and storage potential in...[Read More]
Aussie retailers under pressure from e-commerce giants
10 June
Australians are paying more for online deliveries, and while faster and more convenient, the rise of global e-commerce giants could spell trouble for local retailers. With labour, fuel and maintenance costs continuing to rise, consumers are forking...[Read More]
Minimum wage tops $1000 a week, stoking inflation fears
3 June
Workers on the minimum wage will receive more than $1000 a week for the first time, but businesses and economists warn the pay bump could fuel inflation and more rate rises. Industrial umpire the Fair Work Commission handed a 4.75 per cent pay boost...[Read More]
AI risks deepening divide between investors and workers
3 June
The divide between people who earn income from investments and those who work for a living could be exacerbated by the artificial intelligence revolution, economists at Australia’s largest business lender warn. While the adoption of AI is expected...[Read More]
Retailers under attack from weak demand, rising costs
3 June
Australian businesses are under fire from both sides as conflict in the Middle East drives up prices and weakens demand. After first lighting a fire under fuel costs, the impacts of the US-Israeli-led war in the Middle East have begun flowing...[Read More]
Small business switched off from electrification boom
3 June
Thousands of Australian small businesses are falling behind on electrification, weighing on national climate goals and leaving manufacturers exposed to gas market volatility. Many small and medium-sized businesses that rely on gas-powered heat to...[Read More]
Key person insurance: Protecting the people who keep your business moving
28 May
In many small businesses, success is not just built on products, systems or premises. It is often built around people. A founder who holds the client relationships. A senior technician who understands the systems. A sales manager who brings in...[Read More]