This Australian startup is about to trial a system that could see drivers being charged for every kilometre they drive on the road

Getting motorists to pay their road taxes by the kilometre sounds crazy. But that’s exactly what a new Australian start-up – which has been shortlisted for the world’s second-richest economics prize after the Nobel – is trying to do. Clearways, founded by University of NSW engineering adjunct professor Jamye Harrison and former NSW transport ministry … Read more

A PERMANENT $20K TAX WRITE-OFF FOR SMES WOULD HELP ARREST GOVERNMENT DISTRUST SAYS MYOB CEO

Ahead of this week’s Federal Budget, two-fifths of the small business community are not confident of a favourable outcome, according to research undertaken by accounting software provider MYOB. Dynamic Business asked MYOB CEO Tim Reed to unpack the findings of the company’s SME Snapshot, a monthly survey of small to medium businesses from its customer … Read more

Imposing GST on low-value imports doesn’t level the playing field

The government wants to extend GST to imported online goods under A$1000, effective from 1 July 2017, with Treasurer Scott Morrison stating it will “establish a level playing field for our domestic retailers”. But the proposed legislation doesn’t do this. Rather, it unfairly imposes GST on goods purchased from overseas sellers, that wouldn’t be subject … Read more

Economists report good times for growth in Australia, but is your state the best place to do business?

Australia is powering towards the world’s longest period of economic growth without recession, but while economists see plenty to like ahead of May’s federal budget, not all states are equal, and the small business community is pushing for tangible policies to help companies expand over the next few years no matter where they are based. … Read more

Less talk, more small business action in 2017

“The future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector’s priorities says Australian Small Business and Family Enterprise ombudsman (ASBFEO) Kate Carnell. Carnell wants action on issues such as business tax cuts, competition reform, unfair contracts, government procurement and security of payments.” Read more Business Council of Australia Business … Read more

Applications open for $4 million grants program to grow creative-tech maker spaces across Australia

“Applications for a $4 million federal government grants program to instill creative, tech and entrepreneurial skills in young students around Australia have opened. The four-year Maker Projects grants scheme opened applications on Thursday to help schools and community groups establish dedicated maker spaces for students to gain practical skills in design, technology, innovation and entrepreneurship. … Read more

Equity crowdfunding to be opened to retail investors as legislation passes Senate

“It may be hard to believe, but it’s true: the new equity crowdfunding regulations have officially passed the Senate, opening up equity crowdfunding to retail investors. The changes have been years in the making, with former Minister for Small Business Kelly O’Dwyer introducing the Government’s plans to change existing legislation in 2015 following recommendations made … Read more