Grab your coffee and kick back with today’s headlines. Here’s the news small business owners need to know on Friday, September 13, 2019. ASIC cracking down on short term lenders The Australian Securities and Investments Commission (ASIC) has finally been granted the teeth to take action against predatory lenders who offer short term loans at… Read more »
In a survey carried out by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) earlier this year, only 50 per cent of the fintech companies surveyed considered their contracts compliant with existing Unfair Contract Term (UCT) legislation. The finding prompted Small Business and Family Enterprise Ombudsman Kate Carnell to call for all fintechs to… Read more »
Revenue and Financial Services Minister Kelly O’Dwyer has released draft legislation aimed at cracking down on illegal phoenixing. The legislation plans to make phoenixing activity a punishable offence and aims to prevent company directors from engaging in the type of dodgy behaviour which currently limits their personal liability such as backdating resignations or leaving a… Read more »
Protecting our assets and our livelihood for a future generation is something all of us working in small business should make a priority. Yet so many of us are so focussed on just making it through the day that we don’t make the time to put necessary things in place such as a three-year small… Read more »
It pays to know how Life insurance works. Particularly when you work in small business. The reality is that if anyone relies on you financially, you may need some form of Life insurance. Yet despite Life insurance being deserving of consideration by everyone and particularly small business, there remains a great deal of confusion around how… Read more »
Whilst great for revenue, you can really get yourself in a tangle if your gift vouchers don’t comply with the law.