Tag: Covid-19

ATO Is Being Asked to Address “Super Rip-Off” Impacting Queensland Workers

A national body has asked the Australian Tax Office (ATO) and politicians to do something to overhaul super contributions in Queensland, as new research is showing that the state’s cumulative unpair super debt has climbed past $5 billion in recent years. According to Industry Super Australia’s (ISA) analysis of tax data, more than 570,000 Queensland workers […]

Omicron Covid-19 Variant Is Making Australia’s Economic Recovery Extremely Difficult

The economic damaged caused by a record number of covid-19 cases being recorded across Australia is negatively impacting workers in pretty much every industry. Australians businesses are struggling to keep up with the number of workers being told to isolate after testing positive to covid-19 or after being listed as a close contact of a […]

RBA Reveals That Cash Hoarders Hoarded Record Amounts During Pandemic

Over the past decade sightings of $50 and $100 notes have continued to become a rare method of payment. During the covid-19 pandemic, online sales boomed as shops closed. Those that remained open preferred the more hygienic tap-and-go method with bank cards or phone. All of these findings might mean that it is a huge surprise […]

Recent Lockdowns Resulted in The Loss of 378,000 Jobs

According to recently published figures compiled by The Australian Bureau of Statistics (ABS) the data shows that 378,000 positions of employment were lost during the September 2021 quarter at the height of the lockdowns that were implemented in NSW, ACT and Victoria. Out of all the jobs that were lost 308,000 were considered to be […]

Job Adds Across Australia Dropped By 5.5 Percent in December 2021

Businesses across Australia chose to take to the labour market with caution during the month of December as job ads fell as a result of the rising case numbers, and the Omicron-induced economic uncertainty that accompanied them.  ANZ published the results of its monthly job ads index on Wednesday, which showed the rate of jobs […]

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 […]

NSW Government Announces $66 Million Support Package To Revive Outdoor Dining

NSW Premier Dominic Perrottet has announced the distribution of new grants of up to $500,000 for councils and $5,000 for businesses to increase outdoor dining opportunities.  “Those alfresco dining changes that were brought in last year as a temporary measure will now become permanent. We know they’ve been incredibly successful in the Sydney CBD … […]

How to Know When It’s Time to Close Your Business

A large number of Australian businesses have been forced to close their doors with good over the duration of the covid-19 pandemic. As a business owner knowing when to quit will likely save you further heartbreak and also plenty of money. Starting a business is tough and it can be even tougher closing it both […]

Australian Retailers Association Is Concerned About Customer Aggression In Victoria

Paul Zahra the chief executive officer of the Australian Retailers Association (ARA) has written a letter to Victorian Premier Daniel Andrews explaining his concerns about “elevated customer aggression levels” in the state, and has called for improved consultation around vaccination protocols which have become “extremely challenging” for retailers to manage at short notice. “Our members […]