Pulse Alert – News Pulse for August 8, 2019

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

CBA’s market power undimmed

Commonwealth Bank of Australia’s full-year $8.5 billion profit shows the power that comes with incumbency as well as the dire state of competition in the financial services sector.

In a bid to further strengthen its dominance, CBA said on Wednesday it would enter the buy-now, pay-later market with exclusive rights to the Klarna payments platform in Australia and New Zealand

National Retail Association backs changes to Small Business Fair Dismissal Code

The National Retail Association (NRA) has backed the proposed changes to the Small Business Fair Dismissal Code, introduced by the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell.

Carnell outlined 15 recommendations to the code to clarify what can often be a confusing system, with a key recommendation an establishment of a new framework within the code to assist employers with determining whether a dismissal is fair or not.

Life after the landline: four workplace trends Australian business owners should be aware of, in 2020 and beyond

What will happen to the Australian workplace as we move towards the third decade of the twenty-first century? Rapid change has become the new normal for Australian workers and employers, as technological and societal changes continue to up-end old ways of working.

The past two decades have seen the virtual extinction of the job for life – these days it’s not uncommon for individuals to have several careers across disparate industries – and the casualisation of many sectors which once provided full-time employment.

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