Sunday, 25 February 2018 Sydney
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Invest In Australia Blog::

  • Autumn Fruits Continues To Grow On Good Ideas

    From the heart of one of South Australia’s most iconic food bowls, Glossop fruit growers, Bill Efrosinis and Sandy Iosefellis, are redefining what it means to turn one good idea into another – and another.



    A decision in 2014 to embrace what they’ve dubbed ‘once-in-a-lifetime’ funding opportunities via the South Australian River Murray Sustainability Program (SARMS) has meant transformation has become the hallmark of their Riverland business.

    Their latest business case for Autumn Fruits takes the one good idea premise to another level entirely.

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  • One-stop-shop for dispute resolution welcomed by Ombudsman

    The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) welcomes the passing of legislation to establish the Australian Financial Complaints Authority (AFCA) today.

    Ombudsman Kate Carnell said she is particularly pleased with the more flexible definition of a small business as fewer than 100 employees and a rise in the compensation cap for agricultural small business of up to $2 million.

    “And is good to see that a small business will be able to seek resolution of a dispute where the credit facility is up to $5 million and potentially receive compensation of up to $1 million,” Ms Carnell said.

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  • ATO statement on corporate tax

    Australia has one of the strongest corporate tax systems in the world. We have one of the strongest compliance programs which, on any measure, is as good as anywhere in the world.

    The ATO wants the community to have trust and confidence that the ATO is taking action to ensure the largest companies are required to pay the right amount of tax on their Australian profits and most do so voluntarily. The ATO is better equipped than ever before to fulfil its commitment to further increasing the level of compliance by large companies.

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  • Landmark Women@Work Conference to boost workplace equality

    Businesses are invited to register their interest in being part of a landmark conference about gender pay equity.

    The Women@Work Conference on Wednesday 21 March will provide a platform to act on the gender pay gap and the economic and workforce consequences of persistent gender inequity for Victorian workers and businesses, in the lead up to Equal Pay Day in September 2018.

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  • Don't friend a scammer this Valentine's Day

    The ACCC is warning people to be careful about who they ‘friend’ online this Valentine’s Day with stats showing people are most likely to be preyed upon by dating and romance scammers on social media sites.

    Australians reported losses of $20.5 million to Scamwatch from dating and romance scams in 2017 with more than 3700 reports. These numbers are just the tip of the iceberg. Women lost nearly twice as much money as men and people aged 45 and over are most likely to be targeted.

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  • Letore ordered to compensate migrant victims

    The Federal Court has ordered Letore Pty Ltd (Letore) to compensate victims of a permanent residency program, which was operated by Clinica Internationale Pty Ltd (Clinica), for amounts they paid to Clinica.

    In 2016, the Federal Court found that Clinica had engaged in unconscionable conduct and made false or misleading representations about the program.

    On 9 February 2018 , the Court held that Letore and a related company, Swishette Pty Ltd, were knowingly concerned in the contravening conduct of Clinica. At the time of the conduct, Letore’s sole director, Mr Radovan Laski, also controlled Clinica.

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  • High expectations of Royal Commission by small business

    On this, the first day of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the Australian Small Business and Family Enterprise Ombudsman says now is the time for small businesses that have suffered from questionable conduct by the banks to have their say.

    “While we are pleased that banks have made changes to small business loan contracts, there is still more work to be done,” said Ombudsman Kate Carnell.

    “The Commission needs to probe past dispute cases where small businesses were often forced to close and people lost their jobs, and provide them with an opportunity to tell their stories.

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  • Chinese online retailer JD.com sets up shop in Melbourne

    Victoria’s businesses will have access to millions more international customers now that one of China’s largest online retailers is opening its regional headquarters in Melbourne.

    JD.com has over 266 million customer accounts making it one of the largest e-commerce companies in China. The company’s presence in Victoria will help local businesses connect with new customers.

    The company operates seven fulfilment centres and more than 400 warehouses, covering 2,830 counties and districts throughout China. It sells everything from vitamins and electronics to clothing and books.

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  • Safety testing starts for Sydney Metro trains

    The first Sydney Metro train is undergoing testing on the tracks ahead of services starting in 2019.

    The state-of-the-art train is currently at Sydney Metro HQ at Rouse Hill, where the brakes, acceleration, passenger information displays, lighting and door operations are being tested.

    The train testing will expand to Cudgegong Road station in Rouse Hill and on to the skytrain(external link). It will eventually run through the new twin 15km tunnels between Bella Vista and Epping(external link).

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  • Key tax tips for accommodation sharing

    The ATO is reminding taxpayers who rent out all or part of their home through accommodation sharing services to ensure they understand their tax obligations.

    Declare income

    The ATO’s Deputy Commissioner for Small Business, Deborah Jenkins, said the most important thing to remember is that all income earned from renting out all or part of a property needs to be declared.

    “It doesn’t matter if it’s only for one week of the year, or a few weeks here and there, every dollar needs to be declared,” Ms Jenkins said. 

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