Tag: Regulation

Australian health authorities have cracked down on illegal vape sales, issuing a $18,780 fine to a Queensland retailer.

The government has announced a further investment of $134.6 million in deregulation measures and reduction of red tape to help businesses…

A Productivity Commission will be established in NSW to spearhead a micro-economic reform agenda that includes a focus on reducing red tape for businesses, Treasurer Dominic Perrottet has announced. The first-ever NSW Productivity Commission, which will be led by a yet-to-be-appointed Productivity Commissioner, was announced at the NSW Business Chamber by Treasurer Dominic Perrottet, who […]

Cryptocurrencies, and specifically digital currency offerings, have literally become the modern, investment market equivalent of the Wild West. Hundreds of prospectors have heard about the money on offer and are throwing caution to the wind, risking a lot (everything, in some cases) to make their fortune. It’s almost lawless territory and you need to keep […]

Despite having only launched in January, last year, Checkbox has already amassed a small fortune of accolades. Notably, the Sydney-based regtech startup was named Regtech of the Year at the Australian FinTech Awards and Best SaaS Startup at StartCon in Sydney. In addition, CEO Evan Wong took out the Westpac Innovation Challenge and StartCon Pitch […]

Government moves to reduce regulatory barriers to challenger banks entering the market should improve access to finance for small business, according to Australian Small Business and Family Enterprise Ombudsman (ASBFEO).  The Ombudsman, Kate Carnell, welcomed news that the Treasury is consulting on proposed changes to the Banking Act, which would remove restrictions on the use […]

The Recruitment and Consulting Services Association (RCSA), the peak body for the private employment services sector, has released a proposal for an Employment Services Industry Code (ESIC). The ESIC sets out to eradicate unfair practices with a single national framework for the regulation of the employment services and on-hire marketplace. Steve Granland, CEO, RCSA said […]

Further cuts to red tape will save NSW business owners $815 million making owning and growing a business in NSW even easier. The red tape reforms have exceeded the $750 million June target according to the Minister for Small Business, John Barilaro and Minister for Innovation and Better Regulation, Victor Dominello. “Scaling back red tape […]

Growth in the Australian start-up sector could be damaged unless the government strikes the right balance in setting the investment reporting obligations for superfunds.

Taking on an employee is a serious part of the business as there are many pitfalls that can bring you unstuck if the right processes are not followed. We focus on the legal aspects of hiring an employee from a tax office and superannuation stand point.