Business
AI use not the ‘Wild West’, company executives warned
31 May
More than two-thirds of Australian organisations have embraced artificial intelligence but many executives are largely ignorant of existing laws governing their use, according to a new report. Artificial intelligence is fast becoming an essential...[Read More]
Quality Trumps Cost Every Time
11 May
Like other well-known fashion houses that have stood the test of time, Gucci is an iconic brand that has always been focused on quality. From the leather bags they made for saddles in the 1920s to the clothes and accessories the brand is known for...[Read More]
Do You Own a Business or Does Your Business Own You?
27 April
Given a chance, most people would love to own a business and be their own boss. If you have a great product or service concept, the thought of building your own company from scratch can be very attractive. After all, who doesn’t want to be the...[Read More]
Time management: The meaning, importance and benefits
19 January
It is often said that ‘Time and tide wait for no one.’ Therefore, to achieve success in life, one needs to develop a deep appreciation for time. Anyone can benefit from time management — whether in school, in the office or with life in...[Read More]
Overview of record-keeping rules for business
11 January
You are legally required to keep records of all transactions relating to your tax and superannuation affairs as you start, run, sell, change or close your business, specifically: any documents related to your business’s income and expenses any...[Read More]
Here’s to a prosperous 2023
29 December
Ready or not, 2023 is upon us, and it is time for a refreshing restart for us all. As you reflect back on 2022 and look ahead to your goals and new years resolutions, please take a moment to reflect on how much you accomplished in 2022. There’s no...[Read More]
Risks abound for businesses in 2023
28 December
Businesses have so far proved resilient to turbulent economic conditions domestically and overseas but next year is not looking so rosy. In the final chapters of 2022, the 300 basis point lift in the cash rate from record lows is just starting to...[Read More]
What you can do to protect yourself as scams evolve
29 December
In 2022, Australians fell victim to investment and cryptocurrency-related scams, losing $242.5 million (US$166 million). In the United Kingdom (UK), a total of over £2.3 billion was lost in 2021 because of various scams, including online shopping,...[Read More]
What is happening in power bills debate
14 December
The Politics, the background, what the gas industry says and what environmental groups say? THE POLITICS * Federal parliament will sit on Thursday to debate and pass laws the government says will push down electricity and gas bills for households...[Read More]
Mixed outlook for agriculture in 2023
14 December
It’s a mixed outlook for agriculture in the coming year, with grains and lamb expected to perform well while the number of dairy farmers leaving the industry takes a toll. Rural Bank’s 2023 outlook also listed global economic challenges and...[Read More]
Businesses forced to show emissions action
14 December
Big businesses will be forced to divulge their efforts to cut greenhouse gas emissions and manage climate risk under the Albanese government’s new green investment rules. Treasurer Jim Chalmers said an Australian climate risk disclosure framework...[Read More]
If you became a director before 31 Oct 2021, you need to apply for your directors ID now
23 November
When you need to apply is determined by when you were first appointed, and under which Act. If you plan to become a director, you can apply before you’re appointed. Corporations Act directors When you must apply for your director ID depends on...[Read More]
Top questions when applying for a director ID
17 November
Who needs to apply for a director ID? You need a director ID if you are a director of a: company registered with the Australian Securities and Investments CommissionExternal link (ASIC) or the Office of the Registrar of Indigenous...[Read More]
Recession unlikely in Australia, says IMF
16 November
The International Monetary Fund expects Australia to dodge a recession but has downgraded its expectations for growth next year. The United Nations agency anticipates growth slowing to 1.7 per cent in 2023 – less than the 1.9 per cent forecast in...[Read More]
Data breach penalty laws pass lower house
9 November
Increased fines for companies that have serious data breaches are one step closer, after new laws passed the lower house. The bill will hike up fines for breaches from $2.2 million to either $50 million, 30 per cent of a company’s turnover during...[Read More]