A daily download of SME, startup, fintech and tax news from around Australia.
The Amazon juggernaut is coming to Australia.
The company founded by Jeff Bezos on Thursday confirmed its intentions to pursue the retail dollar in Australia in a big way.
Lawyers, accountants, cooks, programmers and doctors, the biggest users of foreign worker visas, will all still be allowed under the Turnbull government’s new temporary skill visas.
But the government has attached more than two dozen caveats and exclusions to some of the occupations, which will hit start-ups and small businesses the hardest .
When Nurofen-maker Reckitt Benckiser was found guilty of misleading consumers about its painkillers last year, the news was bittersweet.
How was a $1.7 million penalty adequate for a pharmaceutical giant enjoying $15 billion in sales a year?
Consumer affairs ministers should consider imposing tougher financial penalties on companies that breach the law, a review of the Australian Consumer Law (ACL) suggests.
The review, which was conducted by Consumer Affairs Australia and New Zealand (CAANZ), proposed 19 legislative changes to better protect consumers.
There are calls from the start-up community for the Federal Government to clarify its plan to abolish 457 visas and address concerns the reform could create a skills gap, especially in the technology sector.
Dynamic Business was provided with comment on yesterday’s announcement by the leadership of Shippit, Weploy, SafetyCulture, QUT Creative Enterprise Australia, Schedugram and Sail Business Loans.
There’s a problem with abolishing 457 visas: Australians don’t want some of the jobs they currently fill
Andreas Rost, owner of the Organic Bread Bar in the Sydney suburb of Paddington, is nervous and with good reason. As an employer of four 457 visa workers, he is unsure if he will be able to keep operating thanks to the government’s abolition of the skilled visas.
Mr Rost told The Australian Financial Review he had been forced to employ four out of his 11 staff on 457 visas because he found it difficult to find Australians who were willing to start work at two or three in the morning.
Startup sector enraged by scrapping of 457 visa: “We want these kind of innovators to continue to make Australia their home”
A growing number of tech and startup leaders are expressing outrage at the federal government’s decision to abolish the 457 visa for skilled workers, with many entrepreneurs pointing to the visa program as a key part of Australia’s quest to build innovative companies.
In an announcement on Facebook yesterday, Prime Minister Malcolm TurnbullThe Hon. Malcolm Turnbull MP, Federal Member for Wentworth Prime Minister from 15.9.15 said the purpose of scrapping the 457 visa is to put “Australians first”.
Australia’s technology start-up community is up in arms over the Turnbull government’s decision to can the 457 visa program, warning of an acute staffing shortage across the sector.
While the 457 program is used across all industries, it’s particularly important for the technology industry.
Australia, like other countries, has not been immune to data breaches in which personal information has been exposed. The much-anticipated Privacy Amendment (Notifiable Data Breaches) Bill 2016, whereby organisations will be legally obliged to disclose data breaches, has been passed by the Australian Federal Government, and the laws will come into effect within the next 12 months.
The bill applies to all Australian government agencies, businesses, and not-for-profit organisations governed by the Privacy Act with an annual turnover of more than $3 million, with some exceptions.
Not all businesses will be threatened by Amazon’s arrival in Australia — small companies are poised to benefit
The big retailers and supermarket chains are the businesses to feel most threatened by the arrival of Amazon to Australia.
The online titan today confirmed its plans to hire hundreds more people and invest millions to build out its retail offering in Australia.