Cash no longer king? Aus Post, ACCC, RBA feel the squeeze
Like physical branches, paper bills, statements, letters and cheques once put in the mail, the increasingly parlous state of cash in Australia has again come into full public display.
Businesses resorting to dodgy practices and confusing pricing: ACCC boss
An inquiry found inflation, questionable pricing practices, a lack of market competition and unrestricted price setting by retailers are to blame for fuelling the increases.
Unprecedented: SME payment times regulator names and shames late reporters
Australia's payment times watchdog has quietly named and shamed the parent company of Regional Express and other ASX-listed giants for failing to comply with its data collection rules.
Government pledges $8.1 million and crackdowns to ensure small businesses are paid on time
The Albanese government has committed to speed up payment times for small business, crack down on non-compliance, and name and shame big businesses.
Australian B2B BNPL provider BizPay collapses into administration
Bizpay, the Australian fintech offering buy now, pay later services for business-to-business invoices, has fallen into voluntary administration.
Cash may not be king, but the Optus outage shows it’s far from obsolete
A March 2021 RBA report found from March 2020 to February 2021, the value of banknotes in circulation rose 17.1% to $97.3 billion because people were holding onto money at home.
Jingle Bills: Aussie SMEs to chase $22 billion in unpaid invoices this festive season
SMEs are expecting an average of eight invoices will go unpaid between now and Christmas day, new research shows.
What small businesses are doing to bust cost of living pressures
Fresh data showing inflation growth over the September quarter comes as no surprise to small businesses across Australia, which are torn between raising prices and laying off staff, or offering special deals to customers also struggling to keep up with the cost of living.
Sydney car dealership under fire for $55 cash ‘surcharge’
The dealership said it was a cash handling fee that was mislabelled as a surcharge. Meanwhile, card surcharges are generally less than 1.5%.
Small business requests for insolvency help grow sevenfold
The number of small businesses turning to the Australian Small Business and Family Enterprise Ombudsman for assistance with insolvencies spiked in the September quarter, revealing how corporate collapses are leaving local traders grasping for help.
Regional banking inquiry: NSW tourism hotspot, Tasmanian business advocates to argue why cash is king
Businesses, councils, and banking representatives will speak at public hearings held by the Senate Standing Committee on Rural and Regional Affairs and Transport.
Transport for NSW to pay damages to Sydney SMEs for losses caused by light rail construction
The matter returns to court in August to finalise damages paid to Hunt Leather and Ancio and begin determinations for other businesses who may join the class action.
