News

ASBFEO and Scottish Pacific launch small business funding guide

- July 29, 2019 3 MIN READ

Small business owners and their accountants and advisors will have a much better idea of the finance options available to them, thanks to a new resource developed by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and Scottish Pacific. Launched today, the Business Funding Guide is an industry first. The guide delivers a five-step… Read more »

News

Ombudsman welcomes government changes to tax rules for tender bids

- June 14, 2019 < 1 MIN READ

The government’s proposed Procurement Connected Policy will come into effect on July 1 2019. The regulations will require businesses tendering for Commonwealth contracts over $4 million to provide a satisfactory statement of tax record (STR) from the Australian Taxation Office. The new regulations are aimed at promoting better compliance and will hopefully assist in safeguarding… Read more »

News

Ombudsman calls for the government to make good on election promises

- May 22, 2019 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate Carnell, has called for the Coalition government to fulfil its promises to small business owners by acting on its pre-election policy commitments. Carnell suggests responding to the Treasury’s review on unfair contract term legislation should be the first port of call for the Morrison government… Read more »

News

Corporates fail to cough up info on payment times for small biz

- April 9, 2019 2 MIN READ

The Australian Smal Business and Family Enterprise Ombudsman has revealed a large number of big corporates have failed to respond to the ombudsman’s request for information on payment times to suppliers in the small business space. The Review of payment terms, times and practices report, released today by the ASBFEO, surveyed 2400 small and family businesses… Read more »

News

Small business ombudsman says big banks feeding off small business

- December 13, 2018 < 1 MIN READ

As more and more Australians adopt Tap-and-Go payments, small businesses are suffering under crippling transaction fees despite a promise from the big four banks to reduce costs. The House of Representatives Standing Committee on Economics recommended banks introduce the least-cost routing of their tap-and-go payments for debit cards by April 1 2018. Yet despite this, they… Read more »

Finance

Payment disputes costing small business owners $1000s

- December 5, 2018 < 1 MIN READ

The Access to Justice Inquiry has found small business owners are paying hundreds of thousands of dollars in order to resolve payment disputes, double the cost of a decade ago. Payment times and terms are the biggest cause of disputes, with small businesses forking out as much as $130,000 during the dispute process. Australian Small Business… Read more »

News

Cyber Security Small Business grants program announced

- December 3, 2018 2 MIN READ

The Cyber Security Small Business Program will support small businesses across Australia to have their cyber security tested by a provider that has been approved by the Council of Registered Ethical Security Testers Australia New Zealand (CREST). Applications are now open for small and micro businesses (with 19 or fewer employees) to apply for a… Read more »

Finance

Government to back small business with $2billion funding support

- November 14, 2018 3 MIN READ

The Morrison government  has thrown its support behind the nation’s small businesses with the announcement of a major new fund using Commonwealth bonds to back small business. The scheme, the Australian Business Securitisation Fund, was announced by treasurer Josh Frydenberg today and is set to be brought before Parliament. It will establish a fund to invest… Read more »

News

Calls to name and shame phoenix operators

- November 9, 2018 < 1 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed the announcement by Shadow Assistant Treasurer Andrew Leigh of a proposal to name and shame directors of companies that phoenix. The proposal would enable the Commissioner of Taxation to publicly name directors who deliberately “burn” companies to avoid their obligations to small businesses,… Read more »

Finance

Get the lowdown on borrowing from Fintech lenders with this guide

- September 12, 2018 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and the theBankDoctor.org have released a guide to provide small business owners with all the info they need to better understand borrowing from alternative finance sources such as fintech organisations. The Ombudsman Kate Carnell suggested the guide will help SMBs to understand the jargon and receive a clearer… Read more »