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Showing 1 - 10 of 283 results for "Small businesses"

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... advisers will have to fork out about $1200 each. Berry said: "I totally appreciate that any additional costs for small businesses is not something that people would welcome." "I would highlight though that the majority of the Dixon cost is being borne ...

Government dawdling on paid parental leave super: Greens

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... welcomed the proposed changes proposed in the Bill. However, he believes that this is also an opportunity to relieve small businesses from the burden of administering the scheme. According to the senator, small businesses should have the option to pay ...

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
... above it could be expected that financial advice businesses will continue to trade at a premium to many other small businesses and other professional service firms of the same scale," Centurion said. "That said, while the industry has usually had favourable ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
... The Australian Financial Complaints Authority (AFCA) received a record 102,790 complaints from consumers and small businesses unable to resolve disputes with financial firms in 2023. This marks the first time Australia's financial dispute resolution ...

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... maximum compensation amount a complainant can apply for is $1.263 million, which was previously $1.085 million. For small businesses and primary producers, a credit facility cannot exceed $6.317 million -previously $5.425 million. These limits apply ...

BT signposts key issues for advisers in 2024

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
... clients, with high inflation rates and reduced consumer spending in some sectors are biting into the revenues of small businesses - prompting business owners to ease cash flow for their business by using their SMSFs to buy their commercial properties ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... Census further underscores the evolution of the sector. "Fintech is now essential to financial institutions, small businesses, the digital economy and Australian consumers alike, with these innovative and disruptive companies embracing new business models ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... capital markets costs soar. The fact that AMP Bank announced an overhaul to a digital banking unit to target small businesses is an example of how smaller entities are feeling the pinch. AMP announced that it will commit $60 million and partner with ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... Authority (AFCA) has clawed back $1.2 billion in compensation and refunds for more than 400,000 consumers and small businesses. Reaching its fifth year in operation, AFCA explained its efforts to address systemic issues or broader issues beyond individual ...

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... grew, demonstrating an underlying resilience of its SME customers. "We were pleased to have supported over 1000 small businesses through our online unsecured lending platform, GoBiz, which like ANZ Plus delivers better customer outcomes at lower cost," ...
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