Banking code ignores unfair treatment of SMEs

Banking code ignores unfair treatment of SMEs

The ASBFEO submission to the interim report of the Hayne royal commission noted an examination of the code that found banks can still change their risk appetite, call in loans with no notice and choose not to work with small businesses to return a loan to performing...
ASIC alerts firms to AFCA registration

ASIC alerts firms to AFCA registration

Licensees that are not a member of AFCA as at 21 September 2018 are in breach of their licence obligations, ASIC said in a statement. As a result, it said it can immediately commence action to suspend or cancel their licence. In the case of credit representatives, if...
Financial literacy a must for SME growth

Financial literacy a must for SME growth

The recommendation stems the IPA’s second Australian Small Business White Paper produced in partnership with the IPA Deakin SME Research Centre. IPA chief executive Andrew Conway said the government should make funding for vocational education courses to enhance SME...
Better SME financing options flagged as paramount

Better SME financing options flagged as paramount

The recommendations stem from the Australian Small Business White Paper produced by the IPA in partnership with the IPA Deakin SME Research Centre.IPA chief executive Andrew Conway said SMEs are a significant contributor to Australia’s GDP and, therefore, securing...
Levelling the field

Levelling the field

Whether it be artificial intelligence or a price pressure on standard compliance work, no accounting firm of any size is immune to some sort of industry disruption. As software firms continue upping their tech offerings to firms, the price of technology is becoming...