Latest News
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Australia needs a pay rise: Reserve Bank head
ACTU | February 9, 2019Reserve Bank Governor Philip Lowe has identified low wage growth as a drag on the economy in a speech to the National Press Club, this week saying “people worry about their own future and that of their children” because of weak and even negative wage growth, combined with globalisation and technological change.
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ABS gifts mixed messages for Christmas retail trade figures
First 5000 | February 9, 2019The Australian Retailers Association (ARA) said December trade figures released on Tuesday by the Australian Bureau of Statistics (ABS) represents a reputable Christmas trade with a 2.75% total year-on-year growth in 2018, compared to 2.49% in 2017.
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Infrastructure spending set to peak: Deloitte
First 5000 | February 9, 2019While a number of factors support a view that business investment could lift more sharply than currently forecast over the next year or two, Deloitte Access Economics’ latest Investment Monitor is predicting slower growth.
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UNSW team exploring mining water on the moon
First 5000 | February 8, 2019A team of UNSW Sydney engineers has an ambitious plan to prove the commercial viability of mining water from the moon to produce rocket fuel.
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Default Super doesn’t have to be a lottery
First 5000 | February 8, 2019Choosing the wrong MySuper default superannuation product could cost the average worker almost $600,000 by the time they retire.
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Banking Royal Commission missed opportunity for automotive sector
First 5000 | February 8, 2019The Motor Trades Association of Australia (MTAA) has expressed disappointment with elements of the final report of the Banking and Financial Services Royal Commission impacting some automotive industries.
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ACCC to focus on franchisors’ disclosure in the food services sector
First 5000 | February 7, 2019Café, restaurant and take away food services industries will be the target of the ACCC’s next round of Franchising Code compliance checks.
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Exhibitor opportunities for Western Sydney Mature Workers career expo
First 5000 | February 7, 2019Registrations for exhibitors specialising in career planning, education and training, financial planning and job seeking services are now open for the first ever Career Check-Up Expo for Mature Workers due to be held in Penrith on 20 February 2019.
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5 employee appreciation ideas your staff will love
Carolin Petterson | February 7, 2019When running a business, you have to put a lot of effort into making your staff happy. After all, they’re your most valuable asset.
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Powerful new technology maps Townsville floods in near real-time
First 5000 | February 6, 2019UNSW Sydney researchers are providing accurate maps of the Townsville flood frontier within an hour using the latest satellite radar imaging technology.
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Finding super sparks $860 million worth of joy
First 5000 | February 6, 2019New data released by the Australian Taxation Office (ATO) today shows that Australians were busy finding and consolidating their superannuation accounts towards the end of 2018.
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Why you don’t need the banks to help finance your business
Jamie Cunningham | February 6, 2019As the Royal Commission leads to an increase in lending standards and requirements for banks, many businesses will be forced to look outside the Big Four to raise the capital they need.
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Aussie small and medium business confidence reaches nine-year high: Sensis
First 5000 | February 5, 2019The December Quarter 2018 Sensis Business Index has revealed that small and medium business (SMB) confidence across the country has reached a nine-year high.
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99% of Australian consumers don’t want to talk to a robot when shopping: study
First 5000 | February 5, 2019Australians do not want to speak with robots while shopping in-store or online, according to a new study.
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Banking Royal Commission 10% change 90% continue as you were: COSBOA
Peter Strong | February 5, 2019The recommendations of the Banking Royal Commission and government response provide welcome relief for small business owners in that they don’t provide a catalyst for a further tightening of credit and lending practices – with pain already being felt by small to medium businesses in gaining access to credit.