The Chamber of Commerce and Industry WA (CCI) has today strongly welcomed the State Government’s release of a blueprint for the establishment of Infrastructure WA to drive a long-term strategic approach to planning and the prioritisation of infrastructure across WA. CCI Chief Executive Officer Chris Rodwell said CCI has long called
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West Australians’ confidence in the economy is continuing to grow, reaching its highest level in four years in the December 2017 quarter. The Chamber of Commerce and Industry WA’s (CCI) Survey of Consumer Confidence is the only survey of its kind in WA, canvassing the views of adult consumers located across
Read MoreThe Australian Small Business and Family Enterprise Ombudsman has established a National Payment Transparency Register to promote best practice in business-to-business payments. An inquiry earlier this year into payment times and practices recommended developing a national register. The inaugural publication shows the average time to pay ranges between 14 days and 40. Ombudsman Kate Carnell
Read MoreThe Australian Small Business and Family Enterprise Ombudsman has welcomed the recommendations of the Select Committee on Lending to Primary Production Customers. Ombudsman Kate Carnell said the committee had revisited some of the cases covered in her Small Business Loans Inquiry and drawn similar conclusions. “The committee has highlighted issues with access
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The Turnbull Government has announced it will establish a Royal Commission into the alleged misconduct of Australia’s banks and other financial services entities. All Australians have the right to be treated honestly and fairly in their dealings with banking, superannuation and financial services providers. The highest standards of conduct are critical
Read MoreThe Australian Small Business and Family Enterprise Ombudsman has welcomed the Federal Government’s move to introduce 15-business-day payment terms for small business suppliers. The Government today announced the plan in its response to the Ombudsman’s April 2017 Inquiry into Payment Terms and Practices. The report found that late payments have been a perennial
Read MoreThe Reserve Bank has left the cash rate unchanged at 1.50 per cent. Conditions in the global economy are continuing to improve. Labour markets have tightened and further above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy is being supported by increased spending on
Read MoreThe Australian Small Business and Family Enterprise Ombudsman has called for an Australian version of the British Business Bank to be considered. Speaking at the Franchise Accountants Network conference in Sydney, Ombudsman Kate Carnell said access to finance was a major challenge for Australian small-medium enterprises. “Banks are happy to lend to small businesses,
Read MoreRatings agency S&P Global Ratings has today confirmed the State's credit rating as AA+ negative outlook. Western Australia's AAA credit rating with both Moody's and S&P Global Ratings was lost under the previous Liberal National government. The State's credit rating was last downgraded by Moody's in February 2016, from
Read MoreThe McGowan Government has today introduced amendments to the Payroll Tax Assessment Act in State Parliament to introduce a temporary progressive payroll tax increase for the biggest companies in the State. From July 1, 2018 until June 30, 2023, Western Australian employers with an Australia-wide payroll exceeding $100 million -
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