The Australian Small Business and Family Enterprise Ombudsman Kate Carnell is encouraging small businesses to have their say on a draft law requiring big businesses to be more transparent about their payment times. Today the federal government opened consultation on the draft Payment Times Reporting Framework legislation that will require businesses with a turnover of… Read more »
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has expanded the reach of it My Business Health portal to provide practical advice and tips to support small business owners impacted by the bushfires. The portal was designed to provide holistic support to small business owners, and ASBFEO Kate Carnell hopes the site will assist… Read more »
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell says the voluntary Supplier Payment Code is ineffective and if the government is serious about getting big business to pay small business on time, legislation may be required. Carnell’s comments follow recent scandals surrounding reverse factoring in which certain larger corporations were miming data… Read more »
Twelve months on from the Banking Royal Commission, the Australian Small Business and Family Ombudsman Kate Carnell says there is still plenty of lessons to learn if banks are to repair the reputational damage they suffered from the findings. Carnell suggests banks still have a long way to go if they want to regain teh… Read more »
Many Australian small businesses, particularly those in bushfire-affected areas, have had a tough start to 2020. The devastation has been unprecedented and we know small businesses are hurting, writes Australian Small Business and Family Enterprise Ombudsman, Kate Carnell. I’ve been directly involved in the roundtable discussions with the Federal Government, regarding recovery efforts and assistance… Read more »
“Recent reports of big businesses using supply chain finance platforms that use artificial intelligence to calculate the discount a supplier may be willing to accept, are disturbing,” says Australian Small Business and Family Enterprise ombudsman Kate Carnell. Carnell suggests these reverse factoring practices are unfair to small business owners and allows big companies to manipulate… Read more »
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed the mid-year budget update, saying it contains some welcome gifts for small businesses. “It’s encouraging to see the federal government has allocated funds to establish the national payment times reporting framework,” Ms Carnell says. “The framework will require large businesses to publish information… Read more »
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has launched a new site, My Business Health, aimed at improving the wellbeing of Australia’s small business owners. The My Business Health, site has been designed to provide holistic support to small business owners. It offers practical tips and information to assist small businesses with everyday issues.… Read more »
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has welcomed the federal government’s plans to reform the red tape currently inhibiting small business growth. “The next wave of deregulation reform, announced by Prime Minister Scott Morrison, is a step in the right direction to make it easier for small businesses to employ staff… Read more »
Small business owners are increasingly dissatisfied by the vocational training offered by existing service providers according to a recent report by the National Centre for Vocational Education Research. The report’s findings have prompted the Australian Small Business and Family Enterprise Ombudsman Kate Carnell to suggest the vocational and education training (VET) system is out of… Read more »
A new report suggests small business owners are turning to alternative lenders for funding as their cash flow crisis continues to worsen due to late payment times and funding rejections from traditional banks. The SME Growth Index report by Scottish Pacific has found one in five small businesses are facing cash flow problems specifically due… Read more »
The government hopes to cut back on the barriers to small business growth by slashing regulatory red tape across a number of areas. Treasurer Josh Frydenberg has announced three areas of focus for the government’s deregulation taskforce which will reduce regulatory burdens to allow small and micro businesses to get up and running sooner. According… Read more »
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