News Pulse for February 13, 2017

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

‘Nonsense’ Qld trading hours laws set for revamp, butchers, hardware suppliers to benefit

Queenslanders will be able to buy bulk meat on Sundays and hardware supplies from 6am Sundays under streamlined new trading hours laws which are to be considered by Cabinet in coming weeks.

An independent review, chaired by former Speaker John Mickel, found opening hours in Queensland were overregulated, complex and costly.

NSW Govt pushing for ‘born global’ start-ups

Start-ups and fast-growing SMEs are being encouraged by the NSW Government to adopt a global export focus, not only to accelerate business growth but generate new jobs.

Speaking to an audience of start-ups, yesterday, at Haymarket HQ, a not-for-profit incubator in Sydney’s Chinato Australian Taxation Officewn, Deputy Premier and Minister for Small Business, John Barilaro said the state’s emerging businesses were in a perfect position to offer products and services to Asia. He told attendees that government doesn’t always have the answers when it comes to jobs growth, meaning partnerships with promising start-ups were critical.

Scuffle in Hogan’s tax dust-up

The nation’s crime-fighting agency has upped the ante in its fight with the actor Paul Hogan, the film producer John Cornell and their accountant over alleged criminal tax evasion on the proceeds of the Crocodile Dundee films and other work.

The Australian Crime Commission has launched a lawsuit in the Federal Court aimed at forcing the trio to abandon attempts to stop dozens of sensitive financial documents from being used in the commission’s investigation and a parallel investigation by the Australian Taxation Office.

Palaszczuk government backs extended trading hours

Trading hours are set to be standardised across the state, with inconsistent rules about when certain types of businesses could trade set to be simplified, allowing early morning weekend trips to the hardware store and car purchases on Sundays.

The Liberal National Party will reserve judgement on the Labor government’s proposal to standardise trading hours across the state, Opposition Leader Tim Nicholls said on Sunday.

Seven surprising findings about Australia’s startup sector from Startup Muster’s annual report

In its third annual survey of Australian startups, released this week , Startup Muster reveals that while many new founders are taking a mature approach to building new ventures by backing themselves, running lean and thinking global early on, the majority of startups are still at risk of failure.

Adding to this concern is each Australian startup now employs four full-time people on average.

Airtasker’s rapid growth in the ACT raises work safety concerns

Canberra’s “sharing economy” is growing rapidly as workers seek out online jobs platform Airtasker for more employment.

On the heels of Uber’s entry into the ACT, Airtasker has registered more than 12,300 people, up from 4522 in January 2016.

Small business deserves tax cut

In every robust and thriving economy small businesses are key drivers of both job creation and growth. As we chart the current economic environment it is critical we provide opportunities for ambitious and productive small businesses to continue to grow across Australia.

Co-working space grows 35% in year

The volume of co-working space in Melbourne grew 35 per cent in the past year as new operators providing the trendy shared working areas poured into the city and surrounding suburbs.

Knight Frank research analyst Kimberley Paterson said 24 new spaces opened in Melbourne last year, adding a further 17,078 square metres to the sector.

Ease the squeeze on SME

It’s time to put out a call to the chief executive of Coles, John Durkan, the new chief executive of Bunnings, the chief executive of Woolworths, Brad Banducci, plus all other large corporation heads.

How about following Andy Penn at Telstra and paying your small business suppliers in 30 days?

| Ministers for the Department of Industry, Innovation and Science

IP Australia has created a world-first for a national intellectual property agency by integrating trade mark image recognition technology into its new Australian Trade Mark Search tool.The new technology mimics the

The new technology mimics the problem solving networks of the human brain and is set to help Australian small business and entrepreneurs more easily protect their logos and brands.

Australian deep learning startup wins over IP Australia after conquering Europe

Australian startup TrademarkVision has won a major deal in its home country just weeks after conquering Europe with its deep learning algorithm.Assistant minister for innovation Craig Laundy will announce that IP Australia has agreed to integrate TrademarkVision’s image recognition technology into the government agency’s new Australian Trade Mark Search engine.

Assistant minister for innovation Craig Laundy will announce that IP Australia has agreed to integrate TrademarkVision’s image recognition technology into the government agency’s new Australian Trade Mark Search engine.

Morrison hauls in the banks

Scott MorrisonThe Hon. Scott Morrison, Federal Member for Cook Treasurer from 21.9.15 is dialling up the pressure on the nation’s trouble-prone banking industry, hauling in each of the major-bank chairs for meetings to stress the importance of making good on the industry’s promise to overhaul its governance and culture.

The one-on-one meetings — with Commonwealth Bank’s Catherine Livingstone, Westpac’s Lindsay Maxsted, ANZ Bank’s David Gonski and NAB’s Ken Henry — have been taking place since the Treasurer’s return from Britain late last month.

 

Ford just invested $1 billion in a secretive AI startup founded by former Google and Uber execs

Ford is investing $1 billion in a secretive artificial intelligence startup headed by former Google and Uber execs to advance its self-driving car efforts.

The startup, Argo AI, was founded by Bryan Salesky, the former director of hardware for Google’s self-driving-car efforts, and Peter Rander, Uber’s engineering lead at its autonomous cars center.

BUY NOW, PAY LATER: Australian fintech startups Tyro and Afterpay pair up in blockbuster deal

Two big-name Australian fintech startups, Tyro and Afterpay, have announced a new partnership that will see a “buy now, pay later” option rolled out to 17,000 retailers.

Afterpay is an ASX-listed company that allows consumers to buy and receive products immediately but pay later without penalty or interest. Tyro has announced that, sometime within the first half of this year, retailers that use its EFTPOS facilities will be able to offer Afterpay to customers.

ATO chasing millions from companies linked to controversial adviser

Companies linked to a Melbourne man under investigation over an alleged multi-million dollar tax evasion scheme owe millions of dollars to the tax office.

The ABC has obtained Australian Tax Office documents showing the ATO Australian Taxation Office is chasing more than $3.5 million in unpaid tax from companies controlled by “pre-insolvency adviser” Philip Whiteman.

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