“First in Australia”: Great Southern Bank debuts end-to-end banking app for SMEs
Great Southern Bank has launched a mobile app that will offer Australia's first end-to-end digital banking platform for Australia's 2.4 million businesses with fewer than 10 employees.
Hundreds of “nuisance” import tariffs to be cut from July 1
Items set to become tariff-free include toothbrushes, hand tools, fridges, dishwashers, clothing, and menstrual and sanitary products.
Chalmers says budget won’t ignore the slowing economy
Fighting inflation won't be the sole focus of the upcoming federal budget, the treasurer has declared, warning the slowing national economy can't be ignored.
Super payments on paid parental leave set to become a reality under ‘historic reforms’
Eligible parents with a baby born or adopted on, or after, 1 July 2025 will receive 12% of the parental leave payment as a superannuation equivalent payment to their super fund.
Seventeen properties raided over suspected use of tax-dodging point of sale technology
The crackdown on businesses suspected of using technology to obscure their tax obligations continues, with the Australian Taxation Office confirming raids on 17 premises in the past fortnight.
The race for powerful computer chips and AI will change the face of global politics and security
A global race to build powerful computer chips that are essential for the next generation of AI tools could have a major effect on global politics and security.
With banking licence in hand, Avenue Bank promises paper-free bank guarantees to SMEs
Finance sector upstart Avenue Bank has been granted a full operational licence, allowing the venture to reveal its core product: a streamlined bank guarantee system, promising small and medium enterprises a better service than the Big Four currently provide.
Small businesses under pressure as sales plummet to pandemic levels
A combination of multiple interest rate rises and higher-than-usual inflation have been pinpointed as the main reasons for the largest decline in small business performance since the beginning of the pandemic, according to Xero.
Australia woos Southeast Asia with visas and loans to boost business
A 10-year frequent traveller visa scheme to Australia will also be extended to eligible ASEAN nations and East Timor.
After pay gap bombshells, Victorian business leaders consider startup investment bias
The release of groundbreaking gender pay gap data has shaken the startup world, with Australian founders and corporate luminaries calling for new ways to measure how venture capital does -- and doesn't -- reach women founders and women-led startup teams.
The R&D tax incentive deadline is approaching. Here’s what businesses should know
Introduced by the federal government in 1986 and updated in 2011, the R&D tax incentive is jointly administered by the ATO and AusIndustry.
Price gouging by banks? There’s a simple solution
For price gouging by supermarkets, there’s not a lot the government can do, apart from launching an inquiry. But for banks, it’s altogether different.
