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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MELBOURNE EMPLOYERS FACE CRACKDOWN

MELBOURNE EMPLOYERS FACE CRACKDOWN

UP TO 250 businesses in Melbourne's Dandenong region will receive random spot checks from the Fair Work Ombudsman, as part of a new campaign to monitor employee care. The three-month campaign will have Fair Work inspectors check that employers are paying the correct minimum hourly rates, penalty rates, allowances, loadings and providi...

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THE POWER TO RESTORE CONFIDENCE IN MONEY

THE POWER TO RESTORE CONFIDENCE IN MONEY

WHEN Peter Lord discovered his mother's retirement fund was running dry following a divorce that left her without a viable financial plan, he was determined to find a way to restore her confidence in money. From the initial experience in guiding his mum back to financial happiness, Lord developed a general desire to empower people, pa...

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PRIVATE EQUITY CURE FOR START-UP PAIN

PRIVATE EQUITY CURE FOR START-UP PAIN

PRIVATE equity firms will become the lifeblood of Australia's next generation of technology start-ups, providing funding, business strategy and connections, according to Dropbox Australia. Speaking at the annual AMMA Private Equity Spring Conference, Dropbox Australia country manager Charlie Wood (pictured) says there's no shortag...

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RISE IN JOBS ADS NO REASON FOR JOY

RISE IN JOBS ADS NO REASON FOR JOY

A RISE in job ads over August has failed to stem the slowdown in jobs growth in the second half, although overall numbers appear to be the best since 2013, according to the ANZ. Latest figures from the ANZ Job Ads Series shows job advertisements bounced 1 per cent month-on-month in August, seasonally adjusted. The latest figures bring...

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BRISBANE FACES MULTI-BILLION DOLLAR ECONOMIC RISK

BRISBANE FACES MULTI-BILLION DOLLAR ECONOMIC RISK

BRISBANE'S economy risks a US$11.17 billion blow from a series of manmade and natural threats over the next decade, according to Llloyd's. The insurance market specialist's City Risk Index 2015-2025 analyses gross domestic product (GDP) at risk across 301 major cities. Findings indicate that a total of US$4.6 trillion of p...

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'LITTLE FISH' KEEP IPO MARKET ALIVE IN 2015

'LITTLE FISH' KEEP IPO MARKET ALIVE IN 2015

THE Australian IPO market remained buoyant in the first half of 2015, but the $2.5 billion combined value of new share floats was almost half the level of a year ago. The latest Deloitte IPO Market Update has revealed the ASX welcomed 30 new IPOs in the six months to the end of June, up from 22 during the same period in 2014. However,...

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SUPERFUND GROWS WITHOUT NEED TO OFFSHORE

SUPERFUND GROWS WITHOUT NEED TO OFFSHORE

IN AN age when offshoring operations is the preferred option to enhance business growth, independent Gold Coast self-managed super fund administration business Superfund Wholesale has managed to achieve a major milestone by staying local. Superfund Wholesale has grown to administer 1000 self-managed super funds in less than five years of ...

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ACCC BLASTS DANOZ OVER 'ELECTRONIC ABS' DEVICE

ACCC BLASTS DANOZ OVER 'ELECTRONIC ABS' DEVICE

IT WAS billed as the dream solution for couch potatoes looking to tone their flabby stomachs, but for infomercial group Danoz Direct it has resulted in a firm slap on the wrist from the consumer watchdog. The Australian Competition and Consumer Commission has taken to task the promoter of the Abtronic X2 Fitness System for misleading cons...

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SOUTHPORT RANKS AS OUR TOP SPOT FOR GIVING

SOUTHPORT RANKS AS OUR TOP SPOT FOR GIVING

QUEENSLANDERS may not earn big bucks like their big-city counterparts in the south, but they are among the most generous Australians, according to new research. And the Gold Coast's commercial heart of Southport has proved to be the most giving suburb in the country's most giving state. Direct marketing group Global Interactiv...

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NEW ALGORITHM BOOST FOR MICRO-LENDING

NEW ALGORITHM BOOST FOR MICRO-LENDING

PAYDAY loans up to $2000 are traditionally slapped with large fixed interest rates, high costs and exorbitant late fees, however new financial technology developed by a Sydney-based company may have the potential to alter this system for good. Due to a newly developed reference-checking algorithm which more efficiently mines large sets of...

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DON'T BANK ON A RECESSION JUST YET, SAYS FORECASTER

DON'T BANK ON A RECESSION JUST YET, SAYS FORECASTER

THE Australian economy may have hit reverse gear in the June quarter, according to BIS Shrapnel, although don't bank on a recession just yet. Despite an overall upbeat view that the housing boom still has 18 months to run and that the end of the decade will bring better times, the economic forecaster has warned of a tough three years ...

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VICTORIAN RETAILERS BRACE FOR PENALTY RATE STRAIN

VICTORIAN RETAILERS BRACE FOR PENALTY RATE STRAIN

SMALL business owners in Victoria are preparing to feel the penalty rate pinch, after the government approved two extra public holidays for the state. The introduction of Grand Final Friday and Easter Sunday pushes Victoria's public holiday tally to 13 the most of any state. Australian Retailers Association (ARA) executive directo...

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ACQUISITIONS POWER UP ENERGY DEVELOPMENTS PROFIT

ACQUISITIONS POWER UP ENERGY DEVELOPMENTS PROFIT

ENERGY Developments' (ASX: ENE) bottom-line profit surged 26 per cent last financial year, buoyed by acquisitions and a weaker Aussie dollar. The Brisbane-based power company delivered a net profit of $57 million in FY15, up from $45.4 million a year earlier. EBITDA rose 20 per cent, or $36 million, to $218.2 million, while total ...

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THE KEY TO SATISFIED STAFF AND RETENTION

THE KEY TO SATISFIED STAFF AND RETENTION

MORE than a third of Australian employers believe that offering staff flexible work arrangements is the best way to prevent them looking for a new job, according to Employsure. A survey conducted by the workplace relations specialist shows work-life balance tops the list for staff retention, followed by pay rises and training. Employs...

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