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Hospitality, construction face highest insolvency risk
Pressure on discretionary spending and rising costs are accelerating the risk of insolvency for the food and beverage and construction industries, a credit agency warns.
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Airwallex pushes into Canada on back of rapid growth in Americas
Global payments system spearheads eventual rollout of full product suite.
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ATO confirms update to foreign ownership register
The expanded register includes a renovated online services system for foreign investors and their authorised representatives.
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BDO gives commuting a vote of confidence with landmark lease
Sydney CBD development Parkline Place scores its first tenant as BDO outgrows its existing office space.
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ASIC fails big banks for $550m in customer scam losses
Bank majors told to lift their game after more than 31,700 customers were conned last year.
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Melbourne director jailed for $1m investment fraud
Air-conditioning inventor falsely claimed BHP as a customer to con money from investors.
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CBA faces heavy fines after admitting years of staff underpayments
The Fair Work Ombudsman (FWO) says the bank knew about the wage shortfalls so the offence qualifies as a serious contravention of the Fair Work Act 2009.
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HR chief quits, EY partners told to ‘draw up lists’
Firm repeats a denial that it plans redundancies as senior executive exits “voluntarily” without another job.
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Most employers support four-day week, with SMEs leading the way
More than one-third expect the change in the next five years with flexibility a top priority for staff, according to Robert Half.
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Former chef and insolvency veteran joins Jirsch Sutherland
The appointed principal will focus on the firm’s support to regional areas and the opening of a Gold Coast office.
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Brisbane accountant achieves push-up world record
After performing 3,206 push-ups in an hour, the Evergent founder and chief executive wants to do more.
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EY Australia staff in job cuts firing line
Hundreds could go as a result of the millions spent on failed Project Everest, sources say.
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Wage theft law ‘will do nothing to help underpaid’
Proposed changes to workplace legislation would place an additional burden on business, says Ai Group chief executive.
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Small businesses need hands-on help with cyber security
Firms confront too much information but insufficient practical guidance when it comes to digital lockdown, says COSBOA.
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‘Unnecessary’ RBA rises tip economy towards recession: Deloitte
The firm says bank’s measures will see the fewest construction starts in more than a decade.
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Give $3m-plus super balances free rein to restructure: NTAA
Tax-free, age-unrestricted withdrawals should be allowed before the extra tax is imposed, says accounting body.
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ASIC bans director for illegal super access schemes
Websites run by the Gold Coast man promoted using retirement funds for buying a home or paying down debt.
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More flexible parental leave ‘could hobble small business’
Ad hoc days off or minimum notice periods would make the proposals unworkable, says sector representative body COSBOA.
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Small business scam losses almost double in 2022
Small and micro businesses lost $13.7 million to scams last year, with payment redirection scams accounting for the biggest losses, an ACCC report reveals.
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Cleaning firm penalised over $120k for exploiting visa workers
The FWO found the company had underpaid two visa holders and provided false records to investigators.
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