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Tag: ARA

ACCC proposal on Apple Pay bad for retailers, says ARA

The ACCC has proposed to deny authorisation for a number of Australian banks to engage in limited collective bargaining and boycott with Apple in relation to Apple Pay. Bendigo and Adelaide Bank, Commonwealth...

RBA rate cut

The Reserve Bank of Australia (RBA) has cut the cash rate by 25 basis points to a record-low 1.5 per cent. RBA Governor Glenn Stevens said in a statement the decision took into...

New small-business minister announced

Michael McCormack has been named the new dedicated small-business minister, having replaced Kelly O’Dwyer. Ms O’Dwyer has been moved to the new portfolio of Minister for Revenue and Financial Services. Both COSBOA CEO Peter...

Slight rise in May retail figures

The Australian Bureau of Statistics has released its retail sales numbers for May 2016. The ABS showed that retail sales rose 0.2 per cent in May on the back of the Reserve Bank’s...

Preparing for new $5 note arrival in September

ARA Executive Director Russell Zimmerman is reminding retailers to prepare for the release of the new $5 note from the Reserve Bank of Australia. The note will be issued into circulation from September...

Fair Work Commission increases minimum wage

The Fair Work Commission (FWC) has announced an increase of 2.4 per cent in the national minimum wage (NMW) rate to $672.70 a week, a decision that will affect the over 1.86...

March figures show retail growth

The Australian Bureau of Statistics (ABS) has released the national retail spending figures for March, representing 3.6 per cent growth (year-on-year). Retail turnover rose 0.4 per cent in March compared with February. The...

Key reactions to the 2016 federal budget

With the release of the federal Government’s 2016 budget, the reaction from key bodies involved in FMCG has been mixed. ARA Executive Director Russell Zimmerman applauded the Government on its path to reduce...
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