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CreditorWatch Blog

The Riskiest Industries of Financial Year 2019

The Riskiest Industries of Financial Year 2019

CreditorWatch reviewed industry data across that last 12 months. It may be no surprise to some that the riskiest industry was Construction. The statistics were loud and clear across each state that construction was performing poorly. Looking at court actions, New South Wales was the riskiest in Construction by 33%. New South Wales had the […]

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Small retailers urged to trial not surcharging ahead of next year’s ban on excessive fees

Small retailers urged to trial not surcharging ahead of next year’s ban on excessive fees

In May, this year, the Reserve Bank of Australia released a new surcharging standard, which introduced a ban on excessive surcharges. The ban, which is being enforced by the Australian Competition and Consumer Commission (ACCC), commenced for large retailers this month but all other merchants have until 1 September 2017 to comply with it. Consumer advocate Chris […]

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A leap of faith: One man’s journey into online retail

A leap of faith: One man’s journey into online retail

With exposure to a wider customer base, lower overheads, greater choice and more competitive prices, the benefits of online retailing are obvious. Online is the birth place for many emerging retailers while the bricks and mortar sector strive to ‘get with the game’. But it wasn’t always this clear. John Winning, CEO of Winning Group, tells […]

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7-Eleven store owner faces Court over $50,000 underpayments

7-Eleven store owner faces Court over $50,000 underpayments

7-Eleven store owner and operator, Harmandeep Singh Sarkaria will face the Federal Circuit Court over allegations that he underpaid two migrant workers almost $50,000 and created erroneous records for the workers. The Fair Work Ombudsman (FWO) who initiated the legal proceedings has alleged that Mr Sarkaria short-changed one migrant employee from Pakistan $43,633 between 2012 […]

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Penalty rate reduction expected to support further growth in retail sector

Penalty rate reduction expected to support further growth in retail sector

The Australian Retailers Association (ARA) has said that penalty rates must be reduced to support further retail growth. This comes as retail figures for June 2015 have shown further growth while the Productivity Commission has opened discussion on the matter of penalty rates. Retail trade figures for June 2015 grew by 4.9 per cent year […]

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Insolvencies: trending up over the long-term

The rate of business failures has more then doubled over the last 15 years according to the Jones Partners Insolvency report. The findings of the report conducted by economist Christopher Nadarajah and consultancy IBIS World were published by NewsCorp Australia this week. The report finds that 3.4 per cent of all businesses were placed into […]

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