Tag: SMEs

Ombudsman welcomes moves to bridge SME funding gap

Ombudsman Kate Carnell has welcomed plans to bridge the ‘funding gap’ faced by many small to medium enterprises (SME). She was referring to the Australian Treasurer’s announcement to do two things. First, it...

E-invoicing will improve SME cashflow, says ombudsman

Australian Small Business and Family Enterprise Ombudsman Kate Carnell says e-invoicing is good for small and medium-sized businesses (SMEs). Ms Carnell argues that it streamlines payments and improves cashflow, and therefore makes SMEs...

RBA backs Ombudsman over ‘funding gap’ for SMEs

The Reserve Bank of Australia (RBA) has followed the Ombudsman in highlighting the absence of “entrepreneurial finance” for Aussie start-ups. The finding comes from the RBA’s latest bulletin, ‘Access to Small Business Finance’....

Ombudsman welcomes commitment to fast track payments

Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has welcomed the NSW government’s commitment to pay small businesses within five days. The change is due to come in by the end...

Ombudsman hails return of ‘small business portfolio’

Ombudsman Kate Carnell has welcomed the return of small business to cabinet in the wake of Malcom Turnbull’s departure. According to reports, former small business minister Craig Laundy accompanied Mr Turnbull to his...

Caltex and Qantas partner to reward SMEs

Australian businesses can now earn Qantas Points when they refuel with Caltex Australia. The only fuel-card partner of the new Qantas Business Rewards program, Caltex Australia joins more than 40 other partners allowing...

Tyro ‘smart growth’ grants for SMEs

Australian small businesses in the retail sector could receive up to $25,000 each for increasing business efficiencies and sharing innovative ideas on how to boost business growth. The Tyro Smart Growth Grant program,...

Banking red tape costing SMEs

Banking red tape cost 880,000 of Australia’s two million small and medium enterprises (SMEs) an average of four weeks’ productive time a year, costing the economy $7 billion, according to research from...
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