How to spot a dodgy cash fund manager

The rise and fall of Mayfair Platinum contains an important lesson for investors looking for safe, simple fixed income investments. Jonathan Shapiro Senior reporter, Financial Review, Sep 29, 2020 In April 2017, I got an email from a public relations firm offering a catch up with the promoter of a new investment firm. It was “part of the crop of …

Subcontractors says proposed payment laws shake-up still leaves them exposed to project failures

The West Australian, 24 September 2020 3:42PM The construction industry accounts for a disproportionate number of business insolvencies in WA and dozens of builders. Credit: Mary Altaffer/AP Subcontractors have reacted with fury to proposed new laws designed to protect payments to tradies working on major projects, saying they fall well short of what is required and leave small business owners …

“Unacceptable”: Carnell slams late payments by owner of Peter Alexander, Just Jeans to small suppliers

SmartCompany, September 29, 2020 Small business ombudsman Kate Carnell. Australian small business ombudsman Kate Carnell has called out a growing number of big businesses for continuing to delay paying their smaller suppliers, including retail group Premier Investments, which last week declared close to $138 million in profit for the 2019–2020 financial year. The company, which owns Peter Alexander, Smiggle, Just Jeans, …

Four Victorian ministers, 16 public servants may face prosecution over alleged OHS law breaches Robert Gottliebsen

Jennifer Coate AO presides over Victoria’s COVID-19 Hotel Quarantine InquiryThe Australian, September 29, 2020 Acting in the national interest, a group of Australia’s top occupational health and safety lawyers has painstakingly trawled through the transcripts of the Jennifer Coate inquiry to discover which ministers and public servants may have breached Victorian Occupational Health and Safety (OHS) law. They have concluded …

WA workers turn to gig economy as demand for business skills soars

The West AustraliaN, 28 September 2020 Mother and Airtasker Photographer Keira Bain with daughter Lara. Credit: Michael Wilson/The West Australian Demand for business skills in the gig economy has exploded over the past six months, as more Australians became entrepreneurial to navigate the coronavirus pandemic. Data released by Airtasker shows a 48 per cent rise in requests for business skills, …

ACTU steps up campaign to lift super guarantee to 12pc

ACTU president Michele O’Neil. Picture: AAP Image/Jono Searle.The Australian, September 28, 2020 The super sector has split over a long-term plan to move the super guarantee to 12 per cent, with some of the nation’s biggest retail funds backing away from a policy that could deliver hundreds of billions of dollars into the retirement savings system. The move came as …

“I don’t even own a house”: Frustrated SMEs say Morrison’s unsecured loan program has failed. Has it?

SmartCompany, September 28, 2020 Mobius Distilling Co. director Alex Hardie. When Big Girls Don’t Cry founder Karen Edbrooke heard about the federal government’s unsecured loan program she thought her business was an ideal candidate. The Queensland-based retailer appeared to tick all the right boxes. It’s a small-to-medium business that’s growing despite the COVID-19 pandemic with a solid credit history to …

As JobKeeper eligibility gets stricter, a wave of redundancies is expected: Here’s how to get it right

SmartCompany, September 28, 2020 Last Sunday, September 27 marked the last day of the federal government’s original JobKeeper wage subsidy scheme, under which eligible employers received $1,500 per fortnight in respect of their eligible employees. Today, the first JobKeeper extension (also referred to as JobKeeper 2.0) will commence, with eligible employers still able to access JobKeeper payments, albeit at a …