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Small businesses paying over $130,000 to solve disputes

Small businesses paying over $130,000 to solve disputes

by Maja Garaca Djurdjevic | Dec 6, 2018 | News

Releasing the results of the Access to Justice Inquiry (Phase I) research on Tuesday, the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, said payment times and terms remain the biggest cause of disputes. “We surveyed 1,600 small businesses...
SME loan applications climb ahead of Christmas

SME loan applications climb ahead of Christmas

by Maja Garaca Djurdjevic | Dec 6, 2018 | News

Demand for loans was most noticeable in the service industries, such as accommodation and food services, with applications growing 190 per cent for the month of November compared with average monthly demand in 2017, OnDeck said on Tuesday. Challenging the festive...
ATO to focus on upping reliance on its digital services

ATO to focus on upping reliance on its digital services

by Maja Garaca Djurdjevic | Dec 5, 2018 | News

The Australian Taxation Office (ATO) has outlined its technology priorities for 2019 and beyond, which will see it take a new approach to working with product and service providers across the full range of its information technology activities. “We have a clear path...
ASIC cancels AFS licence of Sydney-based adviser

ASIC cancels AFS licence of Sydney-based adviser

by Maja Garaca Djurdjevic | Dec 5, 2018 | News

The cancellation, effective from 21 November 2018, is a result of ASIC’s surveillance of Solar following concerns about licensee oversight. ASIC focused on the adequacy of Solar’s policies and procedures, and the quality of advice provided to clients. It...
ASIC permanently bans three convicted Victorian brokers

ASIC permanently bans three convicted Victorian brokers

by Maja Garaca Djurdjevic | Dec 5, 2018 | News

The Australian Securities and Investments Commission (ASIC) said earlier this week it has permanently banned Najam Shah, Mohamed Ahmed and Aizaz Hassan for conspiring to defraud financial institutions. All three men are believed to have played a role in creating and...
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