Late tax charges, skill programs cut: Six small business updates from MYEFO
The federal government has rustled up $9.8 billion in savings since the May budget through a combination of spending cuts and reprioritisations, including measures focused on the business sector.
Australia Post wants to shut down post offices due to ‘oversupply’
Australia Post CEO Paul Graham appeared at Senate Estimates to ask for regulatory changes to reduce the amount of post offices in over saturated areas.
BNPL products like Afterpay will now have similar regulation to credit cards
After years of scrutiny, BNPL products such as Afterpay will now be regulated under The Credits Act. Assistant Treasurer Stephen Jones announced the move on Monday.
Superhero founders to buy company back from Swyftx as crypto volatility, regulatory changes sink $1.5 billion merger
Share trading platform Superhero's planned $1.5 billion merger with Australian cryptocurrency exchange Swyftx has been scrapped.
Hiring for Christmas? Make sure you’re across the latest superannuation changes, the ATO says
Thinking of hiring staff to cover the Christmas rush? Make sure to pay your new employees their superannuation guarantee, no matter how few hours they work, the ATO says.
Government plan allowing Optus to share hacked user data with banks labelled a “red herring” by privacy advocates
The federal government wants to make it easier for telcos to share hacked user data with the banks, but advocates want greater action.
John Durie: After the Optus breach, it’s time to reconsider the federal government’s data storage rules
The Optus debacle has shone a light on business data storage, but the federal government must also consider its own data collection requirements, John Durie writes.
Gig economy player Mable to boost superannuation options as Tony Burke lashes the entire sector
Care work platform Mable will "simplify" opt-in superannuation deductions for gig workers as the government readies its own reform agenda.
Australian BNPL sector touts $14.3 billion in economic benefits as lawmakers weigh the fate of pay-in-four providers
As Australian lawmakers consider how best to regulate the BNPL sector, a leading industry group claims pay-in-four systems provide a massive boon to local retailers and benefit local consumers.
US cryptocurrency lender Celsius blocks withdrawals as Australia considers new digital asset safeguards
Collapsing cryptocurrency prices and liquidity concerns led US cryptocurrency lender Celsius to block user withdrawals on Monday.
Labor plans to rein in BNPL under traditional credit laws, adding new regulatory scrutiny to pay-in-four providers
It's time to "start working on regulating" the BNPL sector "within the credit space", Financial Services Minister Stephen Jones said.
‘It’s actually a threat’: Apple crashes the buy now, pay later party, putting fintechs on high alert
Apple's deep pockets mean its new Apple Pay Later product could challenge existing leaders in the buy now, pay later space.
