BUSINESS LEGAL EAGLE HEADS TO NEW FIRM

BUSINESS LEGAL EAGLE HEADS TO NEW FIRM

BUSINESS legal eagle Brett Heading has moved to the new Brisbane office of global law firm Jones Day. Heading (pictured) is well respected in corporate circles, having served as chairman and partner of McCullough Robertson for more than 30 years. He has advised company boards in managing capital raisings, as well as major IPOs includi...

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UBERX DRIVING $80M IN BENEFITS A YEAR

UBERX DRIVING $80M IN BENEFITS A YEAR

RIDE-SHARING service Uber delivers more than $80 million in benefits to Australia each year, according to Deloitte Access Economics. The Economic Effects of Ridesharing in Australia report, commissioned by Uber, calculated $49.6 million in consumer surplus from the industry competitor and $31.5 million in savings for those who made the sw...

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SURFERS RESTAURANT ADMITS UNDERPAYING STAFF

SURFERS RESTAURANT ADMITS UNDERPAYING STAFF

A SURFERS Paradise restaurant has admitted to deliberately underpaying staff tens of thousands of dollars, operating on the basis that they would not be caught. Uchouten Japanese Restaurant, located on Surfers Paradise Boulevard, told the Fair Work Ombudsman the underpayments were intentional and they hoped they would not be caught. T...

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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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DENTIST DRILLED FOR SHORT-CHANGING STUDENT

DENTIST DRILLED FOR SHORT-CHANGING STUDENT

A MELBOURNE dentist is in hot water for allegedly underpaying an international student studying at the clinic tens of thousands of dollars. Nobrace Dental Clinic recruited the student from South Korea on a 457 skilled worker visa based on a nominated annual salary of $50,000. Documents lodged with the Federal Circuit Court state the woman...

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BPS TECHNOLOGY TO FEED THE GORILLA

BPS TECHNOLOGY TO FEED THE GORILLA

BPS Technology (ASX:BPS), the company that owns Bartercard, sees itself as the 'gorilla in the room' in a trade exchange industry worth $20 billion globally. And the Gold Coast-based company is planning to feed that gorilla over the next year as its takes a bigger bite of a market it says is ripe with opportunities. CEO Trevor...

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STUDENTS REIMBURSED THOUSANDS IN UNPAID WORK

STUDENTS REIMBURSED THOUSANDS IN UNPAID WORK

A GROUP of high school students in Queensland have been reimbursed thousands of dollars for work they undertook as part of school-based traineeships. The year 11 and 12 students, aged between 15 and 18, completed work placement with local employers to attain a Vocational Education and Training (VET) qualification and Higher School Certifi...

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GAME-CHANGING TELCO APP DRAWS BIG INVESTORS

GAME-CHANGING TELCO APP DRAWS BIG INVESTORS

HIGH-PROFILE investors are taking a shine to a Melbourne-based technology startup which has developed an app that lets you watch ads in exchange for free phone data. Unlockd has reportedly raised $15 million in its third round of capital raising ahead of the product's debut in Australia and the US. The application allows customers...

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AUSTRALIAN BUSINESSES POISED TO CAPITALISE IN ASIA

AUSTRALIAN BUSINESSES POISED TO CAPITALISE IN ASIA

NEW figures show the majority of Australian businesses that have expanded into Asia have reported a significant lift in profit, according to ANZ. The inaugural ANZ Opportunity Asia survey shows 76 per cent of businesses say profit has increased considerably since the move, with 47 per cent reporting revenue from operations in Asia was muc...

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ACQUISITIONS BOLSTER BGA CAPITAL LISTING

ACQUISITIONS BOLSTER BGA CAPITAL LISTING

RETIREMENT outfit BGA Capital has announced plans to acquire a portfolio of up to 10 retirement villages, in preparation for an initial public offering. BGA has appointed Colliers International to assist in aggregating a portfolio of eight to 10 assets across New South Wales, Victoria, South Australia and Queensland. "We are look...

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PETROL STATION STUNG AFTER IGNORING FINE

PETROL STATION STUNG AFTER IGNORING FINE

A FORMER Victorian petrol station operator has been penalised by the Fair Work Ombudsman for a second time, after ignoring an order to pay compensation to an unfairly dismissed employee. Wedderburn Petroleum Pty Ltd, which formerly operated a petrol station near Bendigo, has been fined $20,000 by the Federal Circuit Court. The company...

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RISE IN JOB ADS POINTS TO SOFT LANDING

RISE IN JOB ADS POINTS TO SOFT LANDING

DESPITE a fall in the number of newspaper job ads, total job advertisements have continued to rise since August, according to ANZ. Figures from ANZ's Job Ads Series show a job advertisement jump of 3.9 per cent month-on-month in September, seasonally adjusted, after rising by a solid 1.3 per cent in August. In trend terms, job ads...

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BUSINESS OUTLOOK LIFTS AS YEAR ENDS

BUSINESS OUTLOOK LIFTS AS YEAR ENDS

BUSINESSES are expecting to see increased profit, sales and employment activity towards the end of the year, according to Dun & Bradstreet's latest Business Expectations Survey. Data from the survey shows the percentage of businesses with a positive outlook has increased to its highest level since January this year, with 66 per ce...

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CONSUMER CONFIDENCE ON THE RISE

CONSUMER CONFIDENCE ON THE RISE

AUSTRALIAN conumer confidence appears to be on the rise, with new research suggesting retail spend will increase in the second half of 2015. Findings from an independent survey of 1000 Australian consumers show that 58 per cent predict they will spend more this year than in 2014. Andrew Clarke, founder of website Cashrewards, which co...

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ROBINA YUM CHA FINED FOR FALSIFYING EMPLOYMENT RECORDS

ROBINA YUM CHA FINED FOR FALSIFYING EMPLOYMENT RECORDS

THE operators of a Gold Coast restaurant have been fined more than $23,000 for falsifying staff records, following an investigation by the Fair Work Ombudsman. Yum Cha Robina Pty Ltd, which operates the Yum Cha Robina Chinese Restaurant, was penalised $20,700 after Fair Work inspectors discovered they had been given false rosters, time sh...

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FUNDING PROGRAM TO BOOST EMPLOYABILITY

FUNDING PROGRAM TO BOOST EMPLOYABILITY

MORE than 8000 unemployed Queenslanders will be eligible for work skills training, as the Palaszczuk Government restores its Skilling Queenslanders for Work initiative. Training and Skills Minister Yvette D'Ath says 200 organisations across the state will share in $26 million through the first round of funding. "Labor's S...

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