Australia’s Major Banks Announce Loan Repayment Deferrals Amid New Covid Lockdown
Some of Australia’s major banks have announced new support measures to assist businesses and individuals who have been impacted by Sydney’s extended covid-19 enforced lockdown and other snap lockdowns and travel restrictions across the country. With fresh restrictions being tightened on what kind of shopping is deemed “essential” for the purposes of leaving home, more […]
Job Vacancies Across Australia Increase by 57 Percent
As various parts of Australia are impacted by new outbreaks of covid-19, the latest job vacancy figures published by the ABS illustrate that job vacancies have risen by 57 percent in May 2021 compared with the figures released in February 2020. One of the major reasons for these labour statistics is the fact that there […]
Australian Government Rejects Calls to Bring Back JobKeeper NSW Businesses in Lockdown
On Wednesday 7th July, the lockdown for the Greater Sydney Region was extended to a third week. As a result of the ongoing number of new covid cases in Sydney businesses have begun calling for the re-introduction of JobKeeper. The Treasury has responded to the requests by saying that workers in NSW who have been […]
Business Advice For Australians Wanting To Become A Sole Trader
If you are someone who has a great idea or an original product and a clear idea about who your customers will be and want they want then you might have the potential to be a successful sole trader. It is important to be aware of the fact that 60 percent of small businesses fail […]
The Importance Of Strategic Leadership In The Age of Covid-19
The covid-19 pandemic has generated a massive reorganisation in the way people live and world across the world. Businesses folded as their traditional sources of revenue dried up, whilst others flourished and adapted successfully to sudden change by updating their operating model in order to survive as a business. In a nutshell strategic leadership is […]
Business Credits Defaults in Australia Increase By 9 Percent
It has been revealed by CreditorWatch that some of Australia’s economic recovery has slightly lost a bit of its momentum, as it has recorded a 9 percent increase in credit defaults across businesses. Recently released figures show that despite the fact that although credit defaults were 43 per cent lower for the three months to […]
Australia’s Unemployment Is the Lowest It’s Been Since February 2020
Recently released figures from the Australian Bureau of Statistics (ABS) has shown that Australia’s unemployment rate is continuing to fall. The latest data shows the unemployment rate dropping 0.4 percent points to 5.1 percent during the month of May 2021. The figures published by the ABS revealed that approximately 115,000 Australians found new positions of […]
Insolvency Rates in Australia Expected to Increase By 10% This Year
In comparison to the rest of the world, Australia appears to have dodged a bullet when it comes to business insolvencies, but it is not out of the woods just yet. Despite the Australian government’s temporary support measures, insolvencies are expected to rise by 10 percent this year and potentially increase by another 10 percent […]
Queensland State Government Announces 30,000 Tourism Vouchers to Spend on The Gold Coast
In a bid to attract more local tourists back to one of Queensland’s most popular tourism destinations, The Palaszczuk has launched 30,000 tourism vouchers worth $100 each, to be redeemed by tourists when they visit the Gold Coast. The purpose of the initiative is to help businesses recover from the impacts of the covid-19 pandemic […]
The End Of JobKeeper Has Cost 56,000 Jobs To Date
Newly released data from Single Touch Payroll has revealed that 56,000 workers who were previously on JobKeeper have lost their jobs. This is an increase in 16,000 which is up from the figures of 40,000 jobs from the data published two weeks ago. “The data suggested that up to 40,000 former JobKeeper workers lost employment […]
