Saturday, 26 May 2018 Sydney
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Invest In Australia Blog::

  • 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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  • Migration bills another burden on small business

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, says the legislation put forward around the skilled migration scheme is just another blow for small businesses.

    Commenting on a Senate Committee report released today, Ms Carnell said increasing the cost of temporary migration for work visas will add to the angst already involved in the complex and time-consuming process of securing a suitable worker.

    “We know that small businesses contribute significantly to the training of their own workforce and are more than happy to do this,” Ms Carnell said.

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  • $11.1 Million To Support Australian Vineyard Profitability And Management

    A new $11.1 million research and development partnership between the State Government and Wine Australia will seek to improve the profitability of the grape and wine sector.



    The five year deal will see Wine Australia and PIRSA's South Australian Research and Development Institute (SARDI) investigate disease management, vineyard resilience and performance of different varieties.

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  • NBN retailers acquired 38% more CVC

    The ACCC has released its eighth quarterly National Broadband Network Wholesale Market Indicators Report for the period ending 31 December 2017.

    The report highlights a significant increase in Connectivity Virtual Circuit (CVC) acquired, from 1.11 megabits per second (Mbps) to 1.53 Mbps per user since the September 2017 quarter, an increase of 38 per cent.

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  • Hyundai to improve consumer guarantees approach

    The ACCC has today accepted a court enforceable undertaking from Hyundai to improve its compliance with consumer guarantee obligations under the Australian Consumer Law (ACL). 

    Customers have automatic rights under the ACL, regardless of whether a problem with a new car is covered by the manufacturer’s warranty, and may in fact be entitled to a better remedy under the consumer guarantees than a warranty.

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