Business News

Ombudsman gets behind superannuation amnesty for SMEs

The Australian Small Business and Family Enterprise Ombudsman has appeared before the Senate Standing Committee on Economics hearing on the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018. “Yesterday [Tuesday June 12] I outlined my support for the 12 month Superannuation Guarantee Amnesty in this Bill, so the …

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Single touch payroll to kick off next month

From next month many employers will start reporting to the ATO in real time from their payroll software each time they pay their employees. Known as single touch payroll (STP), the new system means employers will send tax and super information to the ATO electronically when they run their payroll. …

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SMEs feeling gloomier about the future

The Westpac-Melbourne Institute SME Index, which examines the economic health of Australian small and medium-sized enterprises (SMEs), slipped into negative territory in June. Despite perceived improvements in current market conditions over the past three months, the index was down 4.7 per cent to 98.3. The 2018-19 Federal Budget has also …

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Number of Aussies using digital payment hits 14.5 million

Most Australians are now using digital payment, according to new research from Roy Morgan. This research unveils that more than 14.5 million Australians aged 14 and older (71.7 per cent) use digital payment in a 12-month period. “The way in which we make payments is evolving quickly,” Roy Morgan CEO …

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Unpaid super nears $6 billion

Industry Super Australia (ISA) is urging the government to improve proposed laws addressing unpaid superannuation. ISA Public Affairs Director Matt Linden says about three million workers were short-changed compulsory super entitlements in 2015-16 at an average of $1995 each – amounting to a staggering $5.9 billion. “This is an issue …

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Australian start-up joins GS1 Alliance Partner Program

Last week, TBSx3, an Australian start-up that says they are committed to restoring trust to international trade using blockchain technology combined with the latest anti-counterfeit technologies, announced it had joined GS1 Australia’s Alliance Partner Program.  GS1 is a not-for-profit organisation providing standards, services and emerging technologies to help solve omnichannel …

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SafetyCulture completes $60 million Series C funding round

Leading Australian workplace solutions tech firm SafetyCulture has recently closed its largest funding raise to the tune of $60 million in 2018, turning the company into a $440 million business. The company that facilitates more than a million safety and quality inspections a month says its recent Series C funding …

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Vend brings Afterpay to shop floor for independent retailers

Retail management software company Vend has teamed up with retail payments platform Afterpay to announce a joint solution for independent retailers that will enable small to medium-sized enterprises to offer the alternative payment in-store, opening up an entirely new revenue channel. Afterpay’s ‘buy now, pay later’ solution is used by …

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Study finds that Australian businesses aren’t doing enough when it comes to innovation

Following the inaugural Business Readiness Index on Information Security, Canon Australia has today announced a second module focused on innovation. Conducted by GfK Australia, the report is based on surveys with more than 530 local business leaders, with a focus on attitudes and actions aimed at staying ahead of the …

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Submissions open for 2018 POPAI awards

Entries are now open for POPAI’s 21st annual Marketing at Retail Awards. Covering 20 categories, the awards recognise and reward best practice, innovation, and excellence in retail and shopper marketing, and are open to Australian and New Zealand designers and producers of retail marketing material, brand owners, agencies, suppliers and …

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