News Pulse for September 27, 2018

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

“Impossible to run a business”: Fair Work Commission decision to force employers to justify flexible work decisions 

Australian employers will soon have to provide reasoning for denying any worker requests for flexible work arrangements under changes to modern awards to be implemented following a decision by the Fair Work Commission.

The full bench of the Commission has decided to insert a clause into all modern awards to provide employees with the right to pursue legal action if employers fail to properly consider their requests for flexible work arrangements.

Low productivity, high taxes strangling SME growth

Australian SMEs and called for radical reforms to reverse slowing productivity rates and remove restrictive tax policies.

The Institute of Public Accountants (IPA), in conjunction with the IPA Deakin SME Research Centre, spent 18 months consulting and researching the policy landscape for SMEs as part of its Australian Small Business White Paper, following the release of the first version in 2015.

Top Australian fintech hub Stone & Chalk is getting a new chair in a major board overhaul

Stone & Chalk, Australia’s fintech startup hub, has had a major overhaul of its leadership as it moves out of start-up mode to scale-up.nnAsia’s largest fintech innovation hub has announced the appointment of a new chairman and suite of new board members.

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