Business News

Government’s phoenix rules have ‘no chance’ of succeeding

An expert in insolvency law has written off the federal government’s new reform package aimed at ‘phoenix’ activity among businesses. ‘Phoenixing’ refers to the transferring the assets of a failed company to another company that has no liabilities. The government says its reforms will “deter and disrupt the core behaviours …

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‘Experience-driven’ companies do better, says new research

New research has found that brands that invest in “experience transformation” across people, processes and technology achieve “superior” business performance, says Adobe. Adobe commissioned the research from Forrester Consulting. The study is entitled ‘The Business Impact of Investing in Customer Experience – A Spotlight On Asia Pacific’. It concluded that …

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Fine Food Australia, September 2018

FIAL says it’s proud to partner with Fine Food Australia to bring you a range of “capability- building events” this September. Taking place at the Melbourne Convention & Exhibition Centre on September 10-13, 2018, Fine Food Australia describes itself as “the country’s leading trade exhibition for the food industry”. FIAL’s …

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Design agency Cowan Australia relaunches

International design agency Cowan has just relaunched in Australia, the company has announced. It comes at a time, says the company, when client needs in Australia and Asia are once more driving marketers to invest in regionally based brand design. According to the agency, the Cowan Australia team will work …

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Heinz could face $10m fine for ‘misleading’ consumers

Heinz could face a $10 million fine for misleading consumers over the nutritional status of a product marketed at toddlers. The Australian Competition and Consumer Commission (ACCC) has requested the near-maximum fine as a deterrent to the food industry. The furore centres on the Heinz product, Shredz. They were a …

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Pay up within 30 days, says Ombudsman

The Ombudsman has welcomed the Commonwealth move to ensure subcontracts on government projects are paid within 30 days. “I commend the Department of Finance for listening to us, and other submission contributors, and changing the ‘Subcontractor’ clause in its Commonwealth standard payment terms to include payment terms of 30 days …

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Coles and Kmart to open stores at Queenland’s Yamanto Central

Coles and Kmart will take lead tenancies in Queensland’s Yamanto Central, described as a “next-generation sub-regional centre”. Yamanto is 35km from inner-city Brisbane and 5km south of the Ipswich CBD. There are already about 44,360 people living within Yamanto Central’s primary trade area. According to projections, the primary trade area …

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‘Next-generation’ Woolworths store opens in Brisbane

Woolworths has opened its first next-generation supermarket in Brisbane. The Woolworths Racecourse Village Ascot store focuses on Australian fresh food and convenient shopping. The supermarket says customers can enjoy a range of features new to Woolworths Queensland stores. These include flame-roasted chickens, seafood from a new fish market, artisan breads, …

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Victims of domestic violence can now claim annual leave

People suffering domestic violence will now be entitled to five days’ unpaid annual leave each year to help them cope. The Modern Awards will be varied to allow employees access to these five days from August 1, 2018. Senior Employment Adviser Nicholas Hackenberg from workplace specialist firm Employsure said, “This …

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Earthlee seeks to turn waste into energy

Australian start-up Earthlee has signed a deal with UK company Aardvark to bring organics-to-energy technology to Australia. According to Earthlee, the partnership will offer a wide range of organics treatments (biogas and anaerobic digesters) suitable for different sections of the Australian market. Since mid-2017, Earthlee has been researching the current …

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