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- 03NOV2021-WED (copy 01)
03NOV2021-WED (copy 01)
How the new Super rules will affect you and your employees
Wednesday 3rd November 2021
Australia witnesses strong consumer spending rebound: ShopBack report
The Australian and APAC’s rewards and discovery platform, ShopBack, said that it is seeing a strong consumer spending comeback as Australians enjoy their post-lockdown freedom.
Barnaby Joyce faces criticism on climate action
The third annual Daily Telegraph Bush Summit, held last Friday, saw community leaders, policymakers and politicians meet to discuss the opportunities and significant challenges that face the bush. Acting Prime Minister Barnaby Joyce clashed with Co-Founder/Co-CEO of tech company Atlassian Mike Cannon-Brookes when they met to discuss how the journey towards net-zero will impact rural Australia.
How high growth e-commerce companies are navigating supply chain disruption
After a turbulent year, Australian retailers will be looking at the 2021 holiday period as a chance to bring in stable sales and ignite some post-lockdown growth. However, recent warnings about congestion in international supply chains, caused by port closures, freighter scarcity, and further Delta outbreaks, may impede retailers’ ability to source the products they need or ship sales to consumers – both domestically and abroad.
NSW moves up the date to ease restrictions for the vaccinated after a higher-than-expected vaccine rate
Businesses in New South Wales (NSW) will be allowed to welcome more fully vaccinated customers beginning November 8, with all venues moving to a one-person-per-two-square-meter rule, and nightclubs able to reopen dancefloors. In addition, there will be no limit on the number of visitors to a home, no rules for outdoor gatherings of less than 1,000 people, and indoor swimming pools will reopen for all purposes.id:2021-11-02-11:28:32:463t
How the new Super rules will affect you and your employees
Employees who move jobs will have their superannuation paid into their existing account rather than their new employer’s default fund under new government rules that come into effect from November 1, 2021.
RBA holds cash rate at 10 basis points for 11th consecutive month, discontinues yield control
The Reserve Bank of Australia (RBA) board has decided to keep the official cash rate – the rate banks pay to lend to and borrow from one another – at 0.1 percent as it expects the economy to recover swiftly. Moreover, the board stated that it will continue to purchase government securities at a weekly rate of $4 billion until at least mid-February 2022.
What SMBs need to know about the new Director ID requirements
As of November 2021, directors of all Australian companies will need to apply for and verify their identity as part of a new statutory requirement to have a Director Identification Number (Director ID). Director IDs will attempt to improve director identification and prevent illegal phoenixing activity.
Loyalty is lucrative: A practical guide to getting the second sale
With consumers flocking to online retail over the last 18 months, retailers have stiff competition to stay top-of-mind. One effective tactic to keep customers coming back and more engaged that retailers of all sizes are turning to is loyalty programs. In fact, in the aftermath of the pandemic, Gartner notes that retailers may be turning to their loyal customers to increase sales instead of trying to attract new markets. From that survey, 79% of retailers admitted to focusing on existing markets to fuel growth.
Lean in or lose them: Why you should make employee engagement a priority in 2022
Did your management team put in a superhuman effort connecting with employees when the Covid crisis first struck? If you answered in the affirmative, you’re far from alone.
The U.S. faces a supply chain fiasco
An ongoing container glut at the Port of Long Beach and Port of L.A., California, highlights the danger of supply bottlenecks. Ports in the United States are reportedly growing more congested by the day in a vicious cycle that is grinding supply chains to a halt.
