Have your say: How should the government regulate late payment times?
The government is seeking views on how it should formulate its late payment times reporting policy, with everything from enforcement to scope covered.
A cultural war: What Hayne’s report means for fintechs, accountants and small-business lending
The underlying culture of the Australian banking ecosystem has been to systematically take advantage of customers — but the future looks brighter.
Pauline Hanson wants to force big businesses to pay SMEs on time
Pauline Hanson wants to address small business payment times by forcing big businesses to cough up the cash in a timely manner.
Big-business fines up to $10 million under Labor plan to give unfair contract terms teeth
Labor will make unfair contract terms illegal if it wins the next election — its latest move to strengthen its small-business platform.
A misguided $2 billion: What good is small-business capital if founders don’t know how to use it?
Over 70% of small businesses have no written plan of any kind, so what use is a $2 billion government-funded securitisation fund?
ACCC blitz: Visy, Cleanway and Suez change SME contracts over potentially unfair terms
An ACCC blitz has prompted Visy, Cleanaway and Suez to change their contract terms, over concern several clauses may have been unfair.
Payment inquiry extended: SMEs fear revenge if they name and shame late payment offenders
An inquiry into late payments has been extended after an outpouring of support from the small business community.
Three-month-old startup Lumi raises $31.5 million to kick-start its SME lending solution
It’s only been up and running since August, but small business lending startup Lumi has secured $31.5 million in debt and equity funding
“Game-changing” government plan pledges $2 billion for capital-starved SMEs
The government has committed $2 billion to making it easier for SMEs to access finance while supporting the creation of a new commercial growth fund.
“A huge issue”: Ombudsman to examine the effect of late payments on small business cashflow
Kate Carnell has written to large companies and multinationals about the late payment of invoices causing SME cashflow woes.
Nothing to see here: Banks oppose SME lending regulation crackdown
Despite allegations of fraud, strong-arming and abuses of power, Australia's big four banks say SME lending framework is broadly appropriate.
“Too many outs”: Ombudsman slams banking code for being weak on small business protections
The code covering SME lending requires a major overhaul to protect businesses from the power of the big banks, Australia's small business watchdog says.
