Finance and Banking
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Government hails new crowdfunding opportunities
Kelly O'Dwyer | January 16, 2018The Commonwealth Government has welcomed the legalisation of more crowd funding opportunities for Australian firms.
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Payment times improve but too many SMEs are still left waiting
First 5000 | January 9, 2018New figures suggest that Australia’s late payment culture is changing for the better but more remains to be done to ensure larger firms pay their suppliers on time.
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Banks revise their code of practice to rebuild trust in the sector
First 5000 | December 21, 2017The Australian Bankers Association has offered a new code of practise to head off consumer and small business complaints about the sector, but concerns remain regarding the new provisions and their enforcement.
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As Bitcoin reaches new heights, the ASX shows how blockchain can reinvent business
Jason Potts | December 15, 2017The move by the ASX to use blockchain to record transactions is just the beginning of a technological transformation of Australia’s financial markets and perhaps the wider business world.
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The easing of insolvency laws should encourage enterprise
Charles Bosse | December 14, 2017If we truly want to create a more dynamic and ambitious Australia, small business owners shouldn’t be ‘aced out of the game’ for having a go and coming up short.
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Why the big four asked for a parliamentary inquiry into banking
George Rennie | December 1, 2017The major Australian banks are following familiar public relations tactics in bowing to the inevitable and requesting a parliamentary commission of inquiry into financial services.
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Prime Minister announces Royal Commission on financial services
First 5000 | November 30, 2017Reversing his previous policy position, Malcolm Turnbull government will now establish a Royal Commission into misconduct in Australia’s scandal plagued banking and financial services sector – at the request of the big four banks.
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Small Business Ombudsman backs public bank for SMEs
First 5000 | November 7, 2017Kate Carnell calls for a home grown version of the British Business Bank to help mid-sized firms secure the finance they need to develop.