Category: Australian Small and Medium Businesses

Half of Australia’s Big Businesses Failing to Pay Small Suppliers on Time

July 21, 2022
AustraliaAustralian Small and Medium Businessesbig businessBusiness & MarketsCompaniespayment disputesmall businessWorld
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Around half of Australia’s big businesses are failing to pay small business suppliers on time, according to the country’s small business and family enterprise ombudsman. According to the Payment Times Reporting Regulator, over half the country’s businesses with an annual turnover of over $100 million (US$70 million) managed to meet payment deadlines to 80 percent…

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“It’s Gonna Be Quite Awful”: Sydney’s Small Businesses Say Lockdown Repressive

July 22, 2021
Asia & PacificAustraliaAustralian economyAustralian Small and Medium BusinessesCCP VirusDelta variantsInternationalJobKeeper SchemeSydney LockdownsWorld
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Small business owners are bearing the brunt of Sydney’s three-week lockdown, with one worker calling the restrictions communistic as the new measures mean many in the retail, hospitality and construction sectors can not work until the end of the month. Nam Nguyen, the owner of a barbershop in the heart of Fairfield, which has emerged…

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Australia’s Small Business Ombudswoman Calls for HECS-Like Loan

January 17, 2021
AustraliaAustralian Small and Medium BusinessesContingent LoansPandemic stimulusWorld
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Australia’s small business ombudswoman Kate Carnell is urging the federal government to introduce a revenue-contingent loan scheme for small businesses to provide them with much-needed cash flow during the “perfect storm” induced by the CCP (Chinese Communist Party) virus, commonly known as novel coronavirus. The renewed call comes amid growing concerns over the imminent end…

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