News Pulse for October 25, 2016

A daily download of SME, startup, fintech and tax news from around Australia.

Non-bank unveils enhanced product range

Bluestone Mortgages has announced an enhanced product range aimed at providing funding to self-employed and small business customers. With this expanded range of options, the lender says brokers will be able to assist more clients more often.

Paid parental leave debate returns as government seeks to end “double dipping”

Changes to government-funded parental leave could take effect as soon as January if the federal government’s plans to end “double dipping” by new parents are approved by the parliament.

The Labor Party has vowed to vote against legislation to tighten access to government-funded parental leave, while key decision makers in the Senate are yet to reveal where they stand.

However, the Council of Small Business of Australia says there’s one group of parents who often get overlooked in the debate around parental leave: the self-employed.

Australian SMEs not big adopters of tech

More than 95% of all Australian businesses are small to medium enterprises (SME) – the backbone of the Australian economy. IT-related issues are affecting their efficiency more than any other type of problems.

OKI,  best known for its laser printers,  surveyed more than 1600 of its SME clients to better understand how new technologies are affecting  the efficiency of Australian SMEs. The survey builds on the inaugural one in 2016.

Ban Airbnb like they do in New York, says tourism peak body

Australia’s peak tourism body wants the federal government to follow New York’s lead and ban short-term rental listings.

New York state law already prohibits rentals of less than 30 days when the owner is not present but New York Governor Andrew Cuomo went one step further last Friday when he signed legislation banning short-term lets from being advertised, effectively clamping down on Airbnb listings.

Senate Inquiry into Corporate Tax Avoidance to keep rolling along

Readers may recall that, on 2 October 2014 during the 44 th Parliament, the Senate referred an inquiry into corporate tax avoidance to the Senate Economics References Committee. Originally meant to report in June 2015, this date was extended to 13 August 2015, then to 30 November 2015, then to 26 February 2016 and then 22 April 2016. On 2 May 2016, the Senate granted the committee a further extension to report by 30 September 2016.

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