Australia’s small business ombudsman, Bruce Billson, has launched an inquiry to examine how reforms to commonwealth procurement rules have affected the small business sector. Mr Billson said many small businesses had told him they felt excluded from the chance to tender for federal government procurement contracts. “They have low awareness about procurement opportunities unless they … Read more
The Australian Taxation Office (ATO) has flagged that one of its “key focus areas” for this financial year will be to improve the tax compliance of the small business sector. As part of that focus, the ATO said it would take a digital-first approach and encourage small businesses to do likewise. This would allow … Read more
Following its meeting today, the Reserve Bank of Australia (RBA) chose to hold the cash rate at 4.1%. This is the third month in a row the Bank chose to hold the cash rate following positive signs in inflationary data. With the cash rate currently four percentage points higher than it was at the beginning … Read more
The shift to remote working has reduced demand for office space and affected how businesses interact with their workspaces, according to Ray White Commercial Head of Research Vanessa Rader. “Some businesses look to downsize their spaces and perhaps sub-lease, while others have reconfigured the working environment to provide flexibility and collaboration, or relocated to new … Read more
Industrial has been the standout asset class of 2023, amidst challenging times for the commercial property sector, according to one of Australia’s leading commercial property experts. Ray White Commercial Head of Research Vanessa Rader said commercial property had experienced a tough 2023, due to fast-rising interest rates and the challenge of obtaining finance. That’s led … Read more
