Small business reacts: A confidence-boosting budget with “clever” policy to help SMEs
The federal government’s big spending budget has won praise among small business advocates, who’ve welcomed the focus on tax incentives, wage subsidies and mental health support.
Budget 2020: Small businesses get access to free, one-on-one mental health support in $7 million funding boost
The federal government will spend $7 million on programs that support the mental health and financial wellbeing of small businesses owners affected by the coronavirus pandemic.
Small business leaders call for $5,000 viability review subsidy to be included in the budget
Small business groups are urging the federal government to include a Small Business Viability Review program in next week’s federal budget.
“Unacceptable”: Carnell slams late payments by owner of Peter Alexander, Just Jeans to small suppliers
Australian small business ombudsman Kate Carnell has called out a growing number of big businesses for continuing to delay paying their smaller suppliers, including retail group Premier Investments.
“I don’t even own a house”: Frustrated SMEs say Morrison’s unsecured loan program has failed. Has it?
Earlier this year, the government unveiled a $40 million unsecured loan program for SMEs, but after seven months, it's only hit 5% capacity.
Union urges construction trusts to protect sub-contractors from COVID-19 pay delays
The CMFEU is urging the Berejiklian government to introduce statutory trusts to protect sub-contractors from extended payment times.
“Devastating blow”: Carnell says Victoria must compensate closing businesses
The Victorian government should compensate businesses forced to close in the face of an extended COVID-19 lockdown, Kate Carnell says.
Labor to push for fines in plan to name and shame big business over payment terms
Proposed reforms to payment terms for small businesses don't go far enough and should include the spectre of financial penalties, says Labor.
Morrison government disregards calls for a franchising overhaul, opting for minor changes to regulations instead
The Morrison government has balked at calls for an overhaul of franchising, and will instead pursue minor changes to existing regulations.
‘Unrealistic requirements’: Carnell urges loan overhaul as 25% of SMEs knocked back by banks
Loan requirements, high levels of debt and bank rejections are leaving small businesses without access to finance during COVID-19.
JobKeeper cliff must be pushed back to avoid small business wipeout, Carnell warns
A planned cut to JobKeeper payments at the end of September should be pushed back in light of stage four restrictions in Melbourne, Kate Carnell argues.
Morrison grants paid pandemic leave to Victorians who need to self-isolate
Workers in Victoria who need to self-isolate because they have coronavirus will be able to access paid pandemic leave in the form of a $1500 ‘disaster payment’ provided by the federal government.