Government commits to stronger protections against big business rip-off contracts
The government says making unfair contract terms illegal will be an option on the table in an upcoming regulatory impact assessment of legislative reform.
Keeping finance fair: AFCA’s new small biz ombudsman prepares for royal commission compensation claims
AFCA's new small business ombudsman is preparing for a busy first year as post-royal commission compo claims fly in to the new complaint body.
Five ways small businesses got screwed over in 2018
From confiscated websites to "telecommunications hell", here are five ways small businesses were hard done by in the year that has been 2018.
Financial complaints skyrocket: Hundreds of businesses spill the beans to new watchdog AFCA
In its first month of operation, AFCA has recorded a 47% increase in complaints, with 460 small businesses spilling the beans on their banking and financial services grievances.
Government to force Australia’s biggest businesses to pay SMEs quickly if they want federal contracts
The government is forcing the country’s top 3,000 big businesses to reveal data on payment times, in an effort to improve small business cashflow.
“Life or death for small business”: Financial complaints authority to appoint dedicated ombudsman for SMEs
The newly established Australian Financial Complaints Authority is bringing on a small business ombudsman to look after the small end of town.
Nothing to see here: Banks oppose SME lending regulation crackdown
Despite allegations of fraud, strong-arming and abuses of power, Australia's big four banks say SME lending framework is broadly appropriate.
Small businesses could receive $1 million in compensation for financial disputes as AFCA opens its doors
Small business owners will now be able to pursue financial complaints through the Australian Financial Complaints Authority (AFCA).
“Too many outs”: Ombudsman slams banking code for being weak on small business protections
The code covering SME lending requires a major overhaul to protect businesses from the power of the big banks, Australia's small business watchdog says.
Telecommunications “hell”: The businesses left in the lurch by Australia’s NBN fiasco
Regulators have called on internet service providers to pick up their game, amid concern that small businesses are getting the short end of the NBN stick.
Royal commission: Ombudsman disappointed with lack of scrutiny over banks “aggressive behaviour” toward SMEs
The royal commission's interim report hasn't paid adequate attention to the experiences of small business owners, advocates say.
Small business Ombudsman Kate Carnell calls on government to increase instant asset write-off to $100,000
Kate Carnell has suggested keeping the current $20,000 instant asset write-off in place, but also allowing businesses to occasionally claim $100,000.