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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...


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...


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...


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.


New Finance, Technology and Business Jobs and Skills Council Established

The Future Skills Organisation (FSO) is one of the new Jobs and Skills Councils that the Australian Government has created to ensure the country’s Finance, Technology and Business industries skills or labour shortages are addressed. Find out more on their website here


An Update on National Skills and Industry Engagement Reforms

According to the joint media release of Ministers of Employment and Workplace Relations, the Hon Brendan O’Connor MP and Senator the Hon Murray Watt, four Jobs and Skills Councils have been established. In June, three JSCs were established to focus on skills and workforce matters in manufacturing, transport and logistics, and mining and automotive. June...