News Pulse for October 6, 2016

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

Innovative approach to drive open data engagement in Queensland

Innovation and Digital Economy Minister Leeanne Enoch, has encouraged the community to provide feedback as the PalaszczukThe Hon. Annastacia Palaszczuk (pr. Pal-a-shay), Premier of Queensland and Minister for the Arts from 16.2.2015 Government shapes the first comprehensive Open Data Policy for the Queensland Government.

National Data Governance Institute Opens In Melbourne

Victoria’s data and cyber security industry received a massive boost today with the launch of a new national data governance institute, Data Governance Australia, in Melbourne.

The Association for Data-driven Marketing and Advertising (ADMA) established the new not-for-profit organisation, which has been set up to promote the responsible use of data, effective governance and management to help safeguard Australia’s fast-growing digital economy.


Banking chiefs go before parliament: Three areas SMEs want addressed

The government will start grilling bank chief executives today to drive   “cultural change” across the sector, but the focus won’t immediately be on the business community’s relationship with the big four.

Commonwealth Bank chief executive Ian Narev will be the first of Australia’s banking executives to sit down before a parliamentary committee today after the Prime Minister Malcolm TurnbullThe Hon. Malcolm Turnbull MP, Federal Member for Wentworth Prime Minister from 15.9.15 announced in August that Australian banking executives would be compelled to appear in front of the House of Representatives Economics Committee each year.

CommBank questioned over business loan interest rates

Australia’s largest bank was forced to defend its small business loan rates in yesterday’s parliamentary inquiry. Commonwealth Bank CEO Ian Narev was the first of the Big Four banks to front the House of Representatives economics committee, and was grilled over the bank’s small business loan rates. In what is to become an annual affair, the parliamentary inquiry was announced by Prime Minister Malcolm TurnbullThe Hon. Malcolm Turnbull MP, Federal Member for Wentworth Prime Minister from 15.9.15 in August after backlash over the banks not passing on the full Reserve Bank rate cut .

Legalvision survey shows SMEs clueless on trademarks, privacy

Law firms are treasure troves of data, but the reality is most firms don’t put much time, energy or effort into analysing the data they’re capturing. From improving client satisfaction to predicting trends, data should be shaking up the practice and business of law. It isn’t.

CancerAid Valued At $4.25m After Welcoming Seed Funding From Strategic Investors

Sydney-based healthtech start-up CancerAid has closed its Seed B funding round at $1.25 million, bringing its total valuation to $4.25 million.

Founded in August 2015 by doctors Nikhil Pooviah and Raghav Murali-Ganesh of the Chris O’Brien Lifehouse cancer hospital, the company last month launched an app that manages a patient’s cancer journey, including their treatment and expectations, in line with their diagnosis and with oversight from their clinician.

Runway for success: The $1.25 million incubator set to put Geelong’s startup ecosystem on the world stage

A new incubator in Geelong is aiming to draw from national and global connections to put the local startup ecosystem on the world stage, on the back of a $1.25 million grant from the Victorian government.

Runway was the largest grant recipient from LaunchVic’s first round of funding , and the organisation is now planning to create 70 new companies and 500 new jobs at its regional centre over the next five years.

Interview with Patricia Karvelas, RN Drive | The Hon Kelly O’Dwyer MP

Banking inquiry; Banking royal commission; Superannuation; Same sex marriage plebiscite

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