Finance and Banking
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Financial Standard launches CPD platform
First 5000 | February 22, 2019Financial Standard launches its new continuing professional development (CPD) platform for financial services professionals, FS Aspire CPD.
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The banking code needs a major overhaul to protect SMEs
First 5000 | October 31, 2018A submission on the interim report of the Banking Royal Commission, lodged by the Small Business Ombudsman, highlights where the Banking Association’s Code of Practice still falls short of addressing the imbalance of power between SMEs and financial institutions.
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New guide to borrowing from fintech lenders released
First 5000 | September 15, 2018The ASBFEO and theBankDoctor.org have released a guide to help small to medium enterprise owners better understand the ‘ins and outs’ of borrowing from fintech lenders.
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Australia behind the eight ball on accessible capital for small business
First 5000 | July 1, 2018The Small Business Ombudsman has released the results on an inquiry into international and national initiatives to boost the supply of capital to SMEs.
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The countdown to single-touch payroll
First 5000 | June 26, 2018Single Touch Payroll Reporting comes into effect on July 1 and national insolvency firm Jirsch Sutherland is urging employers to check their business practices are up to par or risk being caught out.
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Getting a business loan is hard enough
First 5000 | May 26, 2018The Council of Small Business Organisations of Australia (COSBOA) has expressed concern that small business lending could become more difficult as a result of reaction to the current Banking Royal Commission hearings.
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Can we bank on the future of financial services?
First 5000 | May 15, 2018IBISWorld outlines the anticipated effects of the Royal Commission on banks and other financial institutions, shareholders and customers.
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Ombudsman launches inquiry into affordable capital for SMEs
First 5000 | April 5, 2018The Small Business Ombudsman has launched a new inquiry exploring international initiatives that address the funding gap for small to medium sized enterprises.
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Fintech business lenders move to increase transparency
First 5000 | March 1, 2018With the financial technology sector set to disrupt business loans, a new joint report sets out best-practice for new lenders in terms of transparency and disclosure.
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Federal Treasurer welcomes new payment system
Scott Morrison | February 14, 2018The Turnbull Government has welcomed the launch of a new financial platform which should revolutionise the payments process for millions of Australians, making payments faster and simpler for consumers and businesses alike.
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Australia’s new payment system goes live
First 5000 | February 13, 2018Australia’s new payment system should offer a fast, rich and versatile method to ease transactions between businesses and customers.
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ANZ refunds $10 million to ‘Business One’ credit card holders
First 5000 | February 13, 2018The ANZ bank will refund $10.2 million to 52,135 business credit card accounts, after it failed to properly disclose fees and interest charges.
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Delivering Australians a better deal on their loans
Scott Morrison | February 10, 2018New rules to give bank customers control over their data from July 2019 should disrupt the major banks’ stranglehold on credit information and encourage a new wave of fintech innovation.
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Fintech urges fast-tracking of crowdfunding legislation
First 5000 | February 2, 2018Australia’s fintech industry has called for the speedy approval and implementation of private company equity crowdfunding legislation to help more Australian small-to-medium sized businesses access the funds they need to grow.
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Call to end loopholes in commercial tax debt disclosure
First 5000 | January 18, 2018Draft reforms affecting the transparency of commercial tax debts have been welcomed, but may not go far enough to deter firms which game the system to evade paying tax.