Getting caught up on a week that got away? Here’s your weekly digest of some stories relevant to business and the economy. Data Privacy Day 2024: Aussies want transparency, businesses need action On Data Privacy Day, observed each year on January 28th, Australians and businesses are reminded of the vital importance of privacy. “Ironically, Data Privacy Day is a reminder that data privacy isn’t something a business can achieve in a… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. One of biggest defence deals in Australia’s history inked in Berlin Australia will export more than 100 Brisbane-made Boxer heavy weapon carrier vehicles to Germany starting in 2025 under a $1 billion deal. The military vehicles will be produced in Redbank and will secure around 1,000 jobs. Gas ‘plays a… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Electricity prices rising In May, the Australian Energy Regulator (AER) confirmed that energy prices would rise by 19.6 per cent and 23.9 per cent in NSW, SA and southeast Queensland. Electricity prices are set to increase by up to 25% from 1 July. Chinese travellers invited to Come and… Read more
Photo By Towfiqu Barbhuiya Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. First Aussie social media platform for business owners launched A new social media platform, called ‘Business Connect’, has been launched in Australia. It is designed specifically for business owners, allowing them to connect with other business owners, share ideas, and access resources. It also provides… Read more
Photo By Kobu Agency Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. The good, bad and indifferent of the Federal Budget: a small-business owner’s view The Federal Budget has both positives and negatives for small business owners, such as tax cuts and increased access to capital, but also increased compliance costs and a lack of support for… Read more
Photo By Towfiqu Barbhuiya Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. AFL appoints Andrew Dillon as CEO Andrew Dillon has been named CEO of the AFL, following a year-long search. Dillon started with the AFL in 2000 as an in-house lawyer and has moved on to various other legal and administrative roles. Australia set for budget… Read more
Photo By Markus Winkler From April, we are providing a Weekly Digest of business news items. Read on for the latest updates and some ideas to help us all move forward. Why the RBA should not use interest rates to target the housing market or debt A panel reviewing the Reserve Bank of Australia RBA has recommended against using interest rates to target the housing market or address concerns about… Read more
FBT Implications of Christmas Parties As the end of the year is fast approaching, businesses are getting ready for their Christmas party and are organising gifts for their staff. With this, it’s important to be aware of the fringe benefits tax (FBT) implications of these. Because there is no separate FBT category for Christmas parties, here are some ATO guidelines to keep you on track: Exempt property benefits– The costs… Read more