Just 1% of Australian businesses have signed up for eInvoicing. Now, the ATO is set to double down on the time-saving scheme
Two years after launch, the eInvoicing system had only reached 25,000 of Australia's estimated 2.5 million businesses.
Cash rate hits 3.35% as RBA signals more hikes to come this year
The latest 0.25 percentage point rise adds $90 a month to a $600,000 variable mortgage.
“Critical”: Small Business Minister Julie Collins urges SMEs to share views for payment times review
The federal government has urged small businesses to share their thoughts on how to accelerate payment times between major companies and their suppliers.
Openpay falls into receivership as economic reality crashes into Australian BNPL players
Australian buy now, pay later player Openpay has fallen into receivership, becoming the first major local player to buckle under the weight of successive interest rate hikes.
Chalmers downplays cost-of-living relief measures in upcoming May budget
Jim Chalmers has outlined Labor's economic agenda for the new year, which will focus on providing cost-of-living relief — so long as it doesn’t add to inflation.
Bain Capital sells stake in Boost Juice, Betty’s Burgers parent in a deal worth $350 million
Bain Capital has sold its stake in Retail Zoo — which operates Boost Juice and Betty’s Burgers — to private equity firm Admantem Capital.
Treasury admits traditional financial regulation won’t work for all crypto
Treasury has released its public consultation paper regarding token mapping and cryptocurrency regulation. But it's also admitted that it's complicated.
The Australian business community should lose its fuel tax credit scheme. Here’s why
Giving businesses tax credits for consuming fuel without having to pay for or reduce their carbon emissions is sharply at odds with the government’s goal of net zero emissions by 2050.
Commonwealth Bank unveils account ‘name and shame’ system to tackle email scams
Commonwealth Bank has announced a new security feature which highlights account names when users make a first-time payment, saying the addition will cut down on scams — particularly those using hacked business accounts.
The next $5 note will honour First Australians, the RBA says, relegating King Charles III to coins
Australia's $5 bank note will be redesigned to celebrate Indigenous Australian culture and history, the Reserve Bank of Australia says.
“Concerning”: Payment times watchdog to investigate as small businesses wait an average of 35 days for reimbursement
Australia's payment times watchdog says it will intensify its focus on big businesses in 2023, after the release of "concerning" data showing the average payment time to small businesses barely budged in 2022.
Why Australia is in the midst of a potato chip shortage
Potatoes are among Australia’s favourite vegetables. However, we are facing a shortage of processed potatoes, especially of frozen chips.