A Large Number of SMEs Report To Having Difficulties With Their Cashflow
Recently published research has revealed that a large percentage of Australian SMEs are struggling with their cashflow as a result of the ongoing covid-19 pandemic. The survey that included data from over 900 commercial financial brokers showed that even before the latest lockdowns in NSW and Victoria came into full effect close to 77 percent […]
Australia’s Current Insolvency Rate Is Much Lower Than Anticipated
A recently published survey has found that the current insolvency rate for Australian business is running at less than half the pre-covid levels. However, this might be a result of the ongoing lockdowns and border closures. Despite the winding back of government support packages, external administrations are still running at historical lows despite concerns last […]
Listed Companies Are Required to Report JobKeeper Grants
Recently announced legislation means that listed entities are required to separately notify the market of JobKeeper payments even if that information has been included in the entity’s annual financial report. The legislation known as The Treasury Laws Amendment (2021 Measures No. 2) Act 2021 was announced by the Australian Government in September 2021. The announcement […]
Hardship Panel Established To Support NSW Businesses
The NSW State Government has announced the formation of a Hardship Review Panel to support businesses that are currently not eligible to receive any current Covid-19 business support measures. The purpose of the panel is to assess businesses that are currently experiencing financial hardship but do not meet the criteria for either the Covid-19 Business […]
Covid Disaster Payments In NSW and ACT Have Been Discontinued
Residents of NSW and the ACT who have been receiving Covid-19 Disaster Payments have been told that their payments were officially discontinued on Friday 8th October. The discontinuation comes as the two jurisdictions both reached the 70 percent vaccination threshold target. In an update made on Friday 8th October, Services Australia confirmed that the payments […]
Australian Businesses View Border Closures As A Major Concern
A recent survey has shown that border closures, recruitment issues and supply chain delays are anticipated to be the most significant pressures for Australian businesses over the next 12 months. 46 percent of respondents who participated in the survey believe that border closures will be a major factor in putting pressures on businesses, while 34 […]
Ombudsman Asking for Feedback from Female Business Owners
As a way of supporting and encouraging females to take up entrepreneurship in Australia, women who currently lead or own businesses are being asked to share their experiences. The Australian Small Business and Family Enterprise Ombudsman has released a survey aimed at identifying any unique challenges and opportunities experienced by women who own and lead […]
Customers Are Urging Queensland Businesses To Go Green
Businesses across Queensland have been advised to act now to make sure that they meet customers and markets developing sustainability expectations so that they avoid being overlooked as the global economy shifts increasingly towards sustainable goods and services. Chamber of Commerce and Industry Queensland (CCIQ) chief commercial officer Alex Zafiriadis has announced that businesses that […]
More 80 Percent of Victorian and NSW SMEs Intend on Thriving After Lockdowns
A recently published survey has highlighted the resilience of Melbourne and Sydney SMEs during the ongoing covid-19 enforced lockdowns. Over 25 percent of businesses stated that they not been impacted by the lockdowns at all, while 53 percent said they will focus on bouncing back when restrictions ease. The results of the survey were compiled from […]
Treasury Admits That $13.8 Billion Worth of JobKeeper Payments Went To Profitable Companies
Federal Treasurer Josh Frydenberg has revealed that an excess of $13.8 Billion worth of JobKeeper payments were distributed to businesses that weren’t meant to receive the funding. A report published by the Treasury outlined that under the JobKeeper regime $11.4 billion and $15.6 billion in the June and September quarters of 2020 or a total […]
