News

The news you need to know: September 13, 2019

- September 12, 2019 2 MIN READ

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 »

Finance

Remove unfair contract terms or face ASIC says ombudsman

- September 10, 2018 < 1 MIN READ

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 »

Finance

Government moves to crack down on illegal phoenixing

- August 17, 2018 2 MIN READ

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 »

Business Basics

Do I really need Life insurance?

- July 24, 2017 4 MIN READ

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 »