Business News

While eliminating risk entirely from your supply chain is unrealistic, there’s plenty you can do to reduce it, says Upstream. Any business that depends on a supply chain has to live with risk. Supply-chain risks include: Unpredictable demand Interruption to supply Environmental fluctuations Financial volatility Physical conditions. But while businesses …

The ATO is issuing garnishee notices while tax disputes are still before the Administrative Appeals Tribunal, says a new report. The report on early debt recovery action by the Australian Taxation Office (ATO) comes from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). ‘Severe’ impact In response, Ombudsman Kate …

BP has awarded its first Advancing Low Carbon accreditation in Australia to its community partnership with food rescue organisation, OzHarvest. In 2018, OzHarvest rescued 8,517 tonnes of food, according to BP. In turn, this saved 5,300 tonnes of carbon dioxide equivalent from entering the atmosphere. BP Australia President Andy Holmes …

The Australian Retailers Association (ARA) has welcomed greater choice for retailers on tap and go payments, but urges more action. The ARA says it’s “pleased” that ANZ and Westpac have decided to give retailers a choice on how tap and go debit-card transactions are processed. But although it’s a “step …

The VACC has called on the next federal government to create an “automotive blueprint” that lays out its policy intentions. The call comes from the Victorian Automobile Chamber of Commerce’s (VACC) election manifesto, Keep Australia Moving. The VACC says the blueprint is necessary if the automotive industry is to “continue …

Retaining employees saves time, effort and money. A good employee experience or engagement program are crucial. Steve Bennetts is Senior Principal Consultant, Employee Experience, at software and management company Qualtrics. He said: “The cost of employee turnover can be massive. “Some estimates put it at up to 200 per cent …

Ombudsman Kate Carnell has welcomed the Telecommunications Industry Ombudsman’s (TIO) announcement that it will form a Small Business Team. “From April 1, 2019, small businesses who are in dispute with their telephone, mobile or internet services provider will have a specific team to contact,” she said. She also highlighted the …

Disclosure and transparency are still necessary, according to the Fairness in Franchising report, but are insufficient to protect franchisees operating small businesses against the abuse of contractual power by some franchisors. The Fairness in Franchising report was released by the Parliamentary Joint Committee on Corporations and Financial Services on March …

Master Grocers Australia (MGA) has welcomed the government’s decision to allow easier access to justice for small businesses. According to MGA, the ‘Small Business Access to Justice’ policy aims to help small businesses bring cases of anti-competitive behaviour to court. It does so by allowing requests for a ‘no adverse costs order’ …

Caltex has announced its financial results for the 12 months ending December 31, 2018. The company says its RCOP (replacement cost of sales operating profit) NPAT (net profit after tax) result of $558 million is “above guidance provided in December 2018”. It also announced an off-market buyback of about $260 …