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Small Businesses Struggling to Stay Afloat Report
Rising operational costs (including insurance, and salaries), workforce shortages, declining sales growth and evolving regulatory obligations are dominant features across the Australian business landscape, with small businesses particularly challenged by the current economic conditions. Around four in ten small businesses do not make a profit and three-quarters of small business owners earn below the average...
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New Course offerings at North Metro TAFE
North Metro TAFE has commenced delivery of the new Diploma of Payroll Services (FNS50422). The Diploma of Payroll Services (FNS50422) is a higher-level qualification which provides an individual with the oftentimes complex payroll administration and payroll management skills. For more info on the Diploma of Payroll Services, visit NMT website. The TAFE has also announced...
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Duties Amendment Bill to Encourage Urban Infill
In a joint media statement released by Ministers Saffioti, Ellery and Carey, the Duties Amendment Bill 2023 was announced. The Bill is set to incentivise buyers of off-the-plan apartments in multi-story developments by providing them with an upfront concession on the transfer duty owed. For buyers of eligible properties valued up to $650,000, the duty...
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Planned ANZ and Suncorp Merger Rejected
The Australian Competition and Consumer Commission (ACCC) has rejected the merger application for ANZ Banking Group to acquire Suncorp Group’s banking arm. The ACCC is concerned that the merger would reduce competition in the mortgage market and further entrench the quadropoly of the four major banks. Under the statutory test, the competition watchdog must be...
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Property and Mortgage Insights – FY2023 Reports
The Property Insights report published by Property Exchange Australia Ltd (PEXA) reveals that property settlements were down across Australia in FY23 (-18.6%) compared to the previous financial year, however there are signs the second half of the year will recover. Even though interest rates are continuing to change, houses are still very much sought after...
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Interview with Sarah Triplett – Bookkeeper and Business Owner
FAPSTC recently sat down with Sarah Triplett to discuss all things Bookkeeping and how taking this career path has led her to have no student debt and establish her very own business called Irvine Direct. Read more here – Meet Sarah Triplett
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New Governor of the Reserve Bank of Australia Appointed
The RBA have appointed Michelle Bullock as the new Governor commencing her 7 year term on the 18th September 2023. Read the media statement here.
