The Australian Small Business and Family Enterprise Ombudsman Bruce Billson has welcomed the additional support to small businesses impacted by protracted lockdowns, announced by the Australian Government.
From week four of the lockdown, small…
… lockdown, small and family businesses that have suffered a 30% decline in turnover, will receive 40% of their payroll … “Unfortunately there has been a worrying deterioration in payment times over recent months. Now is not the time to delay paying small business supplier invoices when …
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The Australian Small Business and Family Enterprise Ombudsman Bruce Billson welcomes the Government’s commitment to lowering costs for businesses through least cost routing.
Treasurer Josh Frydenberg has released the Payments System Review…
… least cost routing. “The Treasurer’s urging of the RBA’s Payment Systems Board to consider mandating the dual-network … is a game changer. “It is a clear statement that the time for strongly worded letters to financial institutions to … “The Government has committed to consider changes that may be necessary to promote least cost routing, particularly in …
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The Australian Small Business and Family Enterprise Ombudsman Bruce Billson has urged the Federal Government and regulators to consider the reactivation of temporary insolvency protections, to support small and family businesses doing it tough in…
… protections for small and family businesses that may be trading insolvent due to lockdown trading restrictions. … June, and that trend is widely expected to continue with payment times stretching out. “Bringing back temporary … like this that give otherwise viable small businesses more time to recover or turnaround, preventing a wave of …
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