Startup luminaries sign petition against new sophisticated investor asset limits
Angel investors and startup founders are signing a new petition urging the federal government not to increase the asset limit test for 'sophisticated investors', claiming major changes could limit funding to Australia's most innovative early-stage startups.
Intergenerational Report 2023: Six key points for Australian businesses
Australia is getting older, the tax base is changing, but there are opportunities to boost productivity, the Intergenerational Report says.
Treasury’s tax adviser crackdown could unfairly hit small business accountants
The federal government has pledged its largest-ever "crackdown" on tax adviser misconduct after the PwC scandal, in a warning shot to industry professionals who fear small business accountants already face significant compliance burdens.
BNPL products like Afterpay will now have similar regulation to credit cards
After years of scrutiny, BNPL products such as Afterpay will now be regulated under The Credits Act. Assistant Treasurer Stephen Jones announced the move on Monday.
325,000 extra Australians help Labor deliver the first surplus since Costello
The government expects to collect an astonishing $42 billion more than it expected to this financial year and will deliver a surplus.
ASIC’s $1.5 billion business registry overhaul now under review after cost blowouts and major delays
A troubled project to consolidate ASIC's technical hairball of business registries has been sent back to the mechanic’s shed before the budget.
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.
Afterpay says credit checks may have a role to play in BNPL but remains critical of regulation
In a response to a Treasury consultation paper on buy now pay later regulation, Afterpay has said that credit checks may have a role to play. But in remains critical.
Tap to the future: Government could crack down on payment companies making it harder for SMEs to access the cheapest fees
A new Treasury consultation paper puts the spotlight on least-cost routing: the system allowing small businesses to choose the cheapest payment system whenever a customer taps their card.
One in five small business owners diagnosed with mental health condition, as stigma keeps Australians from seeking help
A new Treasury report details how the stigma around mental health is keeping many small business owners from seeking professional support.
“It’s just not fair”: Andrew Leigh targets Booking.com and Expedia contracts as Treasury considers legislative crackdown
A new Treasury consultation seeks feedback on 'price parity' clauses offered by online travel agencies, which can force small accommodation businesses to offer their cheapest possible price on major platforms.
FTX collapse renews urgent need for cryptocurrency exchange regulation
The FTX debacle has resulted in renewed calls to action for crypto regulation, particularly when it comes to cryptocurrency exchanges in Australia.
