New procurement rules to give SMEs better access to $70 billion in government...
The rules could, in theory, allow agencies to choose more Australian, home-grown and First Nations suppliers by factoring benefits like local job creation and sustainment. The post New procurement...
View ArticleA third of Australian businesses spend nothing on innovation: ABS data
Australian business innovation has dropped six percentage points compared to the last recorded measure, according to new data from 2021-23 released by the Australian Bureau of Statistics. The post A...
View ArticleHeadline inflation grows to 4%, raising the spectre of another RBA rate hike
The upward turn suggests the Reserve Bank will have to revisit the case for an interest rate hike when it meets next in early August. The post Headline inflation grows to 4%, raising the spectre of...
View ArticleGovernment should spend 50% of contracting budget on local firms: Unions NSW
Local businesses should get preferential treatment when bidding for government contracts, NSW's peak union body will tell a parliamentary inquiry. The post Government should spend 50% of contracting...
View ArticleAustralia’s real wages are 4.8% lower than pre-pandemic levels
Australia is now in the same league as Lithuania, Estonia and Hungary when it comes to cutting real pay, according to a new OECD report. These are the only countries where cuts in real pay – pay...
View ArticleACCI survey finds nearly half of small businesses considered closing in past...
Almost half of small business operators have considered closing or leaving in the past twelve months, with the percentage even higher outside Australia's capital cities, according to damning new survey...
View ArticleWorkplace justice visa introduced to help migrant workers report employer...
A new short-term “workplace justice visa” will allow migrant workers to stay and work in Australia for six months while they pursue a labour claim. The post Workplace justice visa introduced to help...
View ArticleThe state topping the economic charts in Australia, again
More traditionally regarded for the quality of its wine and festivals, this state has once again been recognised as an economic powerhouse for its robust jobs market and strong building activity. The...
View ArticleAustralia’s 18-month retail recession exposed in “horror show” report
Australian businesses are enduring an "economic horror show" through a retail recession, with meaningful relief unlikely before 2025. The post Australia’s 18-month retail recession exposed in “horror...
View Article“Who will make it through?”: Small retailers fear slow winter sales will...
Small retailers say collapsing consumer spending is jeopardising their Christmas orders, making it difficult to obtain fresh stock ahead of the year's busiest shopping season. The post “Who will make...
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