WORKER OWED $22,000 AFTER PAY RATE BUNGLE

WORKER OWED $22,000 AFTER PAY RATE BUNGLE

AN Adelaide worker who was underpaid for almost seven years will receive $22,000 in back pay, following an intervention by the Fair Work Ombudsman. The receptionist and shop assistant was paid $15 an hour at a retailer on the Fleurieu Peninsula - the same rate as when she started as an 18-year-old in 2008. The employee contacted Fair ...

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BRISBANE 7-ELEVEN OPERATOR SET TO FACE COURT

BRISBANE 7-ELEVEN OPERATOR SET TO FACE COURT

THE 7-Eleven wage war has worsened, after the Fair Work Ombudsman launched legal action against two Brisbane stores for short-changing staff more than $31,000. Jason Yuan has been accused of denying 21 employees penalty rates across his outlets located at 231 George Street and 174 Adelaide Street. The latest allegations take the total...

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CAPITAL INVESTMENT ON THE RISE AMID SALES SLOWDOWN

CAPITAL INVESTMENT ON THE RISE AMID SALES SLOWDOWN

AUSTRALIAN businesses will shift their focus to capital investment in a bid to tackle lower sales expectations in the first quarter of 2016, according to Dun & Bradstreet. The latest Business Expectations Survey forecasts strong investor sentiment with 23.1 per cent of businesses planning to increase expenditure. D&B head of g...

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FINANCE SHAKE-UP DRIVES GOGETTA EARNINGS

FINANCE SHAKE-UP DRIVES GOGETTA EARNINGS

GOGETTA Equipment Funding has cemented its place in the broking industry following a record year, driven by budding business owners seeking out flexible financing options. The commercial equipment hire company, launched by Silver Chef Limited (ASX:SIV) in 2008, recorded a 31 per cent lift in revenue to $57.4 million in FY15 compared to th...

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CARDNO $50M UP, $28M TO GO

CARDNO $50M UP, $28M TO GO

CARDNO (ASX:CDD) has raised $50 million in the first stage of its entitlement offer, as the engineering firm seeks to leverage its financial flexibility. The institutional component of its fully underwritten 1-for-2.175 offer received strong support from shareholders, with 98 per cent of entitlements taken up. The company aims to rais...

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