Business News

Industry heads host roundtable discussion on small-business finance

The Council of Small Business Australia (COSBOA) recently participated in a roundtable discussion about small-business finance convened by the Reserve Bank of Australia (RBA). The meeting was held in Sydney and co-chaired by RBA Governor Philip Lowe, COSBOA Chairman (and Australian Convenience and Petroleum Marketers Association CEO) Mark McKenzie, and …

Read More »

Ombudsman calls for small businesses in trouble with ATO to ‘contact us’

Small-business owners are advised to contact the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) as a matter of urgency should they experience “heavy-handed tactics” from the Australian Taxation Office (ATO). “Minister for Revenue and Financial Services Kelly O’Dwyer has requested an inquiry into the allegations raised in the joint …

Read More »

Calls to investigate ATO after cash-grab allegations

Federal Financial Services Minister Kelly O’Dwyer has launched an investigation into the Australian Tax Office (ATO) following reports of vulnerable small businesses and individuals being targeted to help meet revenue goals. A joint investigation by ABC-TV’s Four Corners program and Fairfax Media has revealed unethical tactics, including an ‘hour of …

Read More »

ARA pushes for streamlining payment options

The Australian Retailers Association has released its submission to the draft report of the Productivity Commission (PC) inquiry into competition in the financial system, advocating for payment reform to promote a more competitive, lower-cost payments system. ARA Executive Director Russell Zimmerman says key issues for retailers already struggling with high …

Read More »

Calls for strong leadership in franchising sector

Brumby’s Bakeries co-founder Michael Sherlock says he believes the Franchise Council of Australia (FCA) needs strong leadership and experienced franchise operators on its board to help steer the franchising sector from troubled waters. He says FCA Chair Bruce Billson, a former federal Liberal MP and small-business minister, has been ineffective …

Read More »