business survival
News

Access to capital life and death for small businesses to survive

- January 14, 2021 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO)  Kate Carnell is urging the Federal Government to establish a revenue-contingent loan scheme for small businesses, to provide them with the cash flow they need to survive the next 12 months. With government support measures being withdrawn, banks continuing to subject small business borrowers to onerous… Read more »

flood
News

High cost insurance pushes business to the edge

- December 10, 2020 3 MIN READ

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has found the insurance industry is gouging small business owners on essential business products. The ombudsman has handed down her Insurance Inquiry final report and has gone so far as to suggest the insurance industry is ruining the small business sector. Carnell says there is… Read more »

Finance

Payment Time Reporting Bill step in right direction

- September 8, 2020 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed legislation passed in the Senate to implement the Payment Times Reporting Scheme, requiring big businesses to be transparent about their payment times. Prior to the coronavirus crisis, late payment times were already crippling small businesses. Independent research by East & Partners on behalf… Read more »

News

Kate Carnell to lift the lid on insurance companies dirty laundry

- August 3, 2020 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell,  has been inundated with complaints from business owners on the ill-treatment they have received from major insurance companies. Carnell says her office has received an avalanche of complaints from business owners since launching her Insurance Inquiry last week into the practices of insurance companies. “My… Read more »

Kate Carnell calls for support for family business
News

Small Business Ombudsman launches inquiry into insurance practices

- July 28, 2020 2 MIN READ

Small and family businesses that have faced issues with their insurance companies have a new champion, with the Australian Small Business and Family Enterprise Ombudsman Kate Carnell launching an inquiry into their practices today. Carnell is concerned about a growing trend of insurance companies denying small businesses insurance and pricing them out of the market.… Read more »

News

My Business Health helping small business to recover

- June 29, 2020 < 1 MIN READ

The Australian Small Business and Family Enterprise Ombudsman, Kate  Carnell, says small businesses looking for assistance on the road to recovery post-COVID-19 should head to the My Business Health portal. As businesses emerge from hibernation Carnell says business owners will find valuable information on how to re-open or ramp up their business to make the… Read more »

News

New mental health resource for sole traders impacted by covid-19

- May 7, 2020 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has released a free online mental health resource for sole traders, amid alarming predictions of a dramatic rise in Australian suicide rates due to the economic and social impacts of coronavirus. Beyond Blue ambassador and sole trader Garry Mills hosts the short webinar, Chicken Soup… Read more »

Kate Carnell calls for support for family business
News

Ombudsman call for support for Business Growth Fund bill

- February 26, 2020 < 1 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has urged senators to back the Australian Business Growth Fund Bill, saying it will significantly encourage business growth and promote economic expansion. “We strongly support the investment by the Commonwealth in the Australian Business Growth Fund to provide much-needed patient capital to SMEs seeking to… Read more »

Finance

Small businesses called to have their say on payment times

- February 21, 2020 2 MIN READ

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 »

squeeze
News

Corporates put on notice for putting the squeeze on small business

- January 30, 2020 2 MIN READ

“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 »