ASIC reveals small business strategy until 2020

ASIC reveals small business strategy until 2020

ASIC commissioner John Price unveiled the Small Business Strategy 2017-2020 at the National Small Business Summit in Melbourne yesterday, outlining three strategic priorities of “being to engage, assist and protect”.In the strategy release, ASIC said it would engage...
Late payments still plaguing small businesses

Late payments still plaguing small businesses

The Dun & Bradstreet Late Payments in Australia report revealed that late payments fell by 4.6 per cent in the second quarter while businesses paying their bills on time rose sharply to 63.8 per cent.The Australian Small Business and Family Enterprise Ombudsman...
Big 4 banks move to eliminate unfair contract terms

Big 4 banks move to eliminate unfair contract terms

This week, the big four banks will agree to a series of comprehensive changes to ensure that all small business loans up to $3 million will be protected from unfair contract terms.Ever since the unfair terms law was passed in November last year, the Australian Small...
ASIC outlines crackdown action for second half

ASIC outlines crackdown action for second half

In the enforcement report for the period 1 January 2017 to 30 June 2017, ASIC revealed that it completed 80 investigations, with 32 criminal charges laid, and five persons charged in criminal proceedings.Small business misconduct from action against persons accounted...