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- 20OCT2021-WED (copy 01)
20OCT2021-WED (copy 01)
How to prepare your business and your staff for hostile anti-vaxxers
Wednesday 20th October 2021
How to prepare your business and your staff for hostile anti-vaxxers
As businesses in New South Wales open to the fully vaccinated, and with the rest of the country edging closer to vaccination targets, employers must ensure, to the best of their ability, the correct safeguards are in place to protect their workers from threatening situations, or risk being liable for related workplace safety claims.
Medtronic invites Australian SMEs for collaboration to expand their development of MedTech solutions
Medical device maker and health-tech giant, Medtronic, is calling for Australian companies to pitch and expand their development of MedTech solutions in collaboration with it as part of the Medtronic APAC Innovation Challenge (MAIC).Additionally, the initiative offers a chance to partner with Medtronic on a commercial pilot of their proposed MedTech, digital health, or solution, valued up to US$200K.
ESS legislations change good news for Australian startups
As a part of their 2021-2022 budget, the Federal Government has committed to implementing changes in the employee shares scheme (ESS) legislation. The changes would take the form of tax and regulatory reform, effectively removing the red tape in implementing ESS programs or plans.Treasury lists the following changes in regulatory reform:
Deadline for women-owned SME survey extended
The deadline for a survey of women who own and lead businesses has been extended by more than a week, until October 29th, by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). The poll, launched earlier in October, seeks to identify any unique difficulties and opportunities faced by women who own and lead businesses.
Trust as table stakes
Trust has leapt to the top of every business agenda. As leaders navigate the uncertainty of the “new normal”, trust has become paramount across all key stakeholder groups. In an increasingly digital, virtual world, even more effort has to be made to build confidence when face-to-face communication isn’t possible. At the same time, regulations and compliance issues are growing ever tighter, making it a legal obligation for businesses to operate in a trustworthy matter.
Doing business in regional areas: Time to close the digital divide
It’s well documented that city-dwellers are flocking to live in regional areas. An unprecedented combination of circumstances makes a treechange or seachange more viable than ever before.Hand-in-hand with this change has been a quantum shift to work-from-home arrangements for many in white-collar industries such as finance, management, professional services, IT and telecommunications, whose roles can be performed from anywhere that reliable internet exists.id:2021-10-19-11:36:06:923t
The Australian Bureau of Statistics (ABS) has published its first Monthly Business Turnover Indicator report. Transport, postal, and warehousing saw the greatest increase in business turnover in August (up 2.8 per cent). However, turnover in the accommodation and food services sector declined the most in August (down 6.5 per cent). The timely indicator is based on business activity statements (BAS) filed to the Australian Taxation Office (ATO) and includes 13 of 19 industries.
Guy Debelle, Deputy Governor of the Reserve Bank of Australia (RBA), said Australia risks “international divestments” if policies and banks fail to implement greener policies. The speech was given at the Chartered Financial Analyst (CFA) Australia Investment Conference, and it discusses the planned Climate Vulnerability Assessment (CVA) and its requirements. The United Nations COP26 conference comes in two weeks, and the RBA is increasing Australia’s push to produce a comprehensive carbon emissions target. According to the RBA, only 49 of the top 200 ASX businesses have disclosed commitments to zero-net-emission goals.
Hundreds of small Australian businesses have been devastated by the government’s unexpected cancellation of the French-Australian submarine deal. Brent Clark, Chief Executive Officer of the Australian Industry Defence Network, told a Senate committee that small businesses spent an average of $200,000 improving their capabilities for the now-cancelled military submarine project. In September, Prime Minister Scott Morrison announced that Australia will cancel its submarine cooperation with France. However, the Australian companies involved in the original submarine development, as well as the French government, were completely caught off guard by Mr Morrison’s declaration in September.
Bitcoin prices topped $60k, continuing their October climb on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund. A tweet from the SEC’s Office of Investor Education and Advocacy’s verified account said, “before investing in a fund that owns Bitcoin futures contracts, make sure you thoroughly assess the possible risks and rewards.” That looked to be a tacit admission by the SEC that “a fund that holds Bitcoin futures contracts” would shortly receive regulatory approval.
US President Joe Biden has signed legislation temporarily extending the government’s borrowing limit to $US28.9 trillion ($A39 trillion), deferring the debt default date until December. Without the debt ceiling rise, the US Treasury anticipated that it would run out of money to pay the nation’s payments on October 18. Biden’s signing of a $US480 billion ($A648 billion) increase in the borrowing limit on Thursday is scheduled to be exhausted by December 3.
Microsoft announced the closure of LinkedIn in China, citing a “challenging operating environment” as Beijing tightens its grip on technology companies. According to senior vice president of engineering Mohak Shroff, the US-based company will replace LinkedIn in China with an application dedicated to applying for jobs but missing the networking elements.
A recent media article alleging Amazon of attempting to kill Indian businesses by rigging search results and engaging in other questionable practises has enraged Indian trade associations. According to the investigation, Amazon’s team in India “secretly exploited internal data from Amazon.in to mimic products sold by other companies, and then offered them on its platform,” as well as “rigged Amazon’s search results” to ensure that the company’s products appeared first. The business allegedly manipulated search results to boost sales of its proprietary brands such as AmazonBasics.
