Australia’s payment regulation bill sparks public response on cash protection
Australians have 20 days to join a Treasury consultation on Payment Systems (Regulation) Act 1998 reforms, open for submissions until November 1, 2023.
Australians have 20 days to join a Treasury consultation on Payment Systems (Regulation) Act 1998 reforms, open for submissions until November 1, 2023.
Here’s everything you need to know about the Fair Work Legislation Amendment (Closing Loopholes) Bill 2023.
The Payment Times Reporting Bill aims to address late payments and the consequential struggle with cash flow, which is an ongoing problem for Australia’s 3.4 million small businesses, with the negative impacts spreading widely across the broader economy with juggling suppliers. Paying small businesses late creates a back log effect. The Government has been prompted […]
Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), urged senators to pass the Australian Business Growth Fund Bill on Wednesday. Ms. Carnell explained that the bill would significantly encourage growth and promote economic expansion for small and medium-sized businesses around the country. “We strongly support the investment by the Commonwealth in the […]
ASX-listed fintech Novatti Group has launched a new bill payment solution for members of Australia’s growing community of Chinese residents, migrants, students and toursist, resulting in its shares surging more than 36% in a day. The chinapayments.com platform enables consumers to pay billers registered with the BPAY electronic bill payment system, using funds from their […]
Energy retailers and generators will be handed “unprecedented power to… control prices and drive up bills” under a new deal announced by the Federal Government, the Electrical Trades Union (ETU) has warned. On Tuesday, Malcolm Turnbull revealed the Federal Government will accept a recommendation of the Energy Security Board (ESB) for a National Energy Guarantee […]
NSW Parliament has passed legislation giving retailers based outside of Sydney CBD and Bondi the option of trading on all future Boxing Days. Introduced by Treasurer Dominic Perrottet earlier this month, in accordance with the findings of an independent review by Professor Percy Allan, the Retail Trading Amendment (Boxing Day) Bill 2017 has amended the Retail Trading […]
Sydney-based fintech startup easyshare has launched its rent and bill payment mobile app following a successful pilot phase, which saw it process over $10m in payments for a thousand early users. John Bush, who founded easyshare in 2014, spoke to Dynamic Business about his company’s early success. DB: What motivated you to launch easyshare? Bush: I was in […]
Copyright reforms tabled in Parliament, this week, exclude a ‘best practice’ mechanism that would have protected young companies against online infringement, according to Australia’s peak advocacy group for start-ups. The Copyright Amendment (Disability Access and Other Measures) Bill 2017 was introduced into the House of Representatives on Wednesday by Minister for Urban Infrastructure, Paul Fletcher, who described it as […]
In a big move to crack down on piracy, the Senate has passed legislation that will see infringing websites blocked in Australia.