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Ombudsman welcomes faster payment times for small-business subcontractors

Ombudsman welcomes faster payment times for small-business subcontractors

by Keeli Cambourne | Oct 4, 2021 | News

Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, announced last week that businesses with Commonwealth government contracts will have to pay their small-business subcontractors within 20 days or risk fines and penalties under new laws that...
New lending options boost small business and the economy

New lending options boost small business and the economy

by Keeli Cambourne | Oct 4, 2021 | News

There are 2.4 million SMEs in Australia employing more than 7.4 million Australians and Productivity Commissioner Catherine de Fontenay said they are vital as Australia recovers from the COVID-19 pandemic. “Every year, one in six small and medium enterprises (SMEs)...
Navigating SMSF structural changes when utilising corporate trustee

Navigating SMSF structural changes when utilising corporate trustee

by Shared from SMSFAdviser | Oct 4, 2021 | News

In a recent SuperConcept’s webinar, a poll revealed that 56 per cent of participants would utilise a corporate trustee as its preferred structure for an SMSF. Around 21 per cent still chose to use the individual trustee structure, whilst 23 per cent said it would...
Australian government $134bn in the red

Australian government $134bn in the red

by Shared from mybusiness | Oct 4, 2021 | News

In a statement, the Treasurer said the final budget outcome for 2020–21 shows Australia’s economy is “resilient and well positioned to bounce back from the significant challenges brought about by COVID‑19”. Read more at mybusiness
Super industry stands to lose billions if it ignores climate change

Super industry stands to lose billions if it ignores climate change

by Shared from Investor Daily | Oct 4, 2021 | News

The Association of Superannuation Funds of Australia (ASFA) has called out the risks of climate change and the impact it is expected to have on investment portfolio performance of superannuation funds in its latest discussion paper released on Friday.  Read more at...
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