September 2016 was a mixed month for the Australian economy, and one that brought both incredible milestones and sudden, unexpected troughs. To begin with, the end of the month saw Australia complete its 100th consecutive quarter without a recession, continuing a 25-year growth streak that is the second highest in history. Given that this period includes the […]
Businesses with 19 or fewer employees have less than two weeks to transition to SuperStream – the new, mandatory electronic standard for paying superannuation contributions. “The Australian Taxation Office (ATO) is pleased that more than 75 per cent of small businesses are already SuperStream compliant however, there is still a way to go to ensure […]
Australia and Canada used to depend a lot on resource extraction for the Australian Government. During the mid – 2000s commodities super – cycle, China absorbed new supplies of metals and energy as quickly as projects could be brought on stream, keeping global prices high. Boom towns sprung up in Western Australia to house miners […]
China’s economic slowdown is forecast to trigger increased trade credit risk in Australia and the broader Asia Pacific region, according to new Atradius research*. The Atradius 2015 Payment Practices Barometer for the Asia Pacific region found that Australia and Indonesia, both of which are heavily dependent on commodity exports to China, were particularly susceptible to […]