Category: Hospitality

Consumer Confidence Rises After Hitting A 15 Month Low

Consumer confidence across Australia increase by 2.2 percent after previously dropping to its lowest level since October 2020. While respondents’ confidence in ‘current financial conditions’ jumped by 6.3 percent. According to a recently published survey undertaken by ANZ and Roy Morgan, this uptick pushed consumer confidence slightly above neutral at 100.1 for the week of […]

Vaccine Mandate For Western Australian Businesses to Expand On 31st January

From Monday 31st January 2022, Proof of vaccination requirements will apply to venues and events state-wide in Western Australia. The mandate is an expansion of the already existing covid-19 related rules that aim to reduce the transmission of covid-19 occurring in high-risk venues. Since Tuesday 4th January, proof of vaccination has been required for a […]

Some Restaurants Are Losing Over $100,000 A Week During Omicron Outbreak

A few months ago, restaurant owners across the country were getting excited to see the re-commencement of interstate travel across Australia. Hospitality establishments assumed that more freedoms to travel would result in more dollars being spent by customers. Unfortunately, the surge of the Omicron covid-19 variant means that hospitality venues are now struggling even more […]

Rise In Covid-19 Cases Triggers A Decrease In Early Year Spending

ANZ is reporting a huge decrease in early year spending across the country when compared to previous years. The caution in spending is a result of the significant spread of the Omicron variant of covid-19 especially in NSW where spending in the week to 2 January was 25 percent lower year-on-year. However, ANZ Research senior […]

Australian Hospitality Is Experiencing A Huge Recruitment Crisis

The Australian hospitality industries is experiencing a huge recruitment crisis as there are currently an excess of 100,000 vacant roles. As a result of this a large number of lucky Australians working in the industries are getting paid double their award hourly rate. The challenges that employers are facing to entice people to work with […]

Victorian Government Announces Support for Businesses Impacted by Covid-19 Lockdown

The Victorian Government has announced new support for small businesses, including sole traders which have been impacted by the covid-19 circuit-breaker action. Operators from businesses in industries such as; hospitality, events, tourism and the creative industries are all set to benefit from these grants. The $143 million Circuit Breaker Support Package is expected to help […]

Getting A Licence to Legally Distil Alcohol In Australia

For Australians wanting to distil their own alcohol, it is important to know that you have to pay tax on the alcohol you produce. Similar to driving a car, an individual must obtain a licence if they wish to distil alcohol. A licence is issued by The Australian Tax Office and can be obtained for […]

Insolvency reforms and debtor in possession

In its bid to continue to assist small businesses experiencing financial distress during the pandemic, the federal government has proposed new insolvency reforms for SMEs with liabilities of less than $1 million, these are referred to as debtor in possession and are similar to Chapter 11 in the United Stated. These reforms will require struggling […]

Changes to the insolvency landscape

What do the recent Insolvency Reforms mean? Josh Frydenberg, the Federal Treasurer for Australia, has announced a new restructuring regime for struggling small to medium enterprises (SMEs) which adopts a ‘debtor-in-possession’ model for companies owing less than $1 million. Given that the legislation is yet to be released, we don’t intend to comment in great […]