BUDGET 2016: WHAT IT MEANS FOR BUSINESS

BUDGET 2016: WHAT IT MEANS FOR BUSINESS

BUSINESS is at the forefront of the 2016 federal budget, with SMEs set to see their company tax rate fall to 27.5 per cent from July 1 this year. Treasurer Scott Morrison announced the company tax break in his first budget overnight, a further 1 percentage point reduction for small businesses with annual turnover less than $2 million. ...

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ECONOMIC OPTIMISM SET TO BOOST COMPANY SPENDING

ECONOMIC OPTIMISM SET TO BOOST COMPANY SPENDING

AUSTRALIA'S largest companies have a renewed sense of optimism for the economy and plan to spend big this year to facilitate growth, a new study reveals. The American Express/CFO Research Global Business and Spending Monitor shows 64 per cent of CFOs anticipate economic growth in Australia over the next 12 months, with 81 per cent indi...

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LENDERS 'VULNERABLE, DOWN A BLACK HOLE'

LENDERS 'VULNERABLE, DOWN A BLACK HOLE'

THE corporate watchdog put a spotlight on the cash loan market when it ordered Nimble Australia to repay borrowers $1.5 million last month over allegations that it was not adhering to responsible lending obligations. But now the National Credit Providers Association (NCPA) has launched its own offensive against the authorities, blaming lo...

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ATO TARGETS HIDDEN CASH ON THE GOLD COAST

ATO TARGETS HIDDEN CASH ON THE GOLD COAST

GOLD Coast restaurant operators have been put on notice by the Australian Taxation Office that they could get a knock on the door from its agents as part of a national program that has already targeted Sydney, Melbourne and Adelaide. The ATO says it will be visiting about 250 restaurants, cafés and take-away shops, as well as hair ...

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NIMBLE ORDERED TO REPAY $1.5M TO BORROWERS

NIMBLE ORDERED TO REPAY $1.5M TO BORROWERS

PAYDAY lender Nimble Australia has been forced to refund more than 7000 customers a total of $1.5 million following a probe into its activities by the corporate watchdog. The Australian Securities and Investments Commission says its investigation was triggered by concerns that Nimble was not adhering to responsible lending obligations. ...

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