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Grappling with the complexities of wage laws and regulations? Experts are here to help you.
Maziar Foroudian
October 02, 2023
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In this edition of Let’s Talk, our experts explore essential practices and steps for SMEs to navigate evolving wage regulations effectively.
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Top stories
A "slight uptick" in inflation is unlikely to see the Reserve Bank lift rates at its October meeting. However, over half a million households facing the expiration of fixed-rate mortgages should brace for higher repayments.
The Albanese government's white paper on employment could mark a turning point in our economy, aiming to bring back "full employment" as a central objective. Will this be the solution we've been waiting for?
Australia
A new advisory group could allow Australia's Transport Workers' Union to shape regulations for the transport industry, causing worries about potential influence and increased costs across supply chains.
Nearly two dozen farmer and livestock groups are pleading with the Australian government to reverse its ban on live sheep exports, warning of irreversible harm to the industry and strained political ties with the Middle East. The groups argue that improvements have been made to animal welfare standards, rendering the ban unnecessary.
Australian Economy
The Australian government is considering price caps and naming and shaming providers as measures to control childcare costs. A new report by the ACCC reveals that childcare costs in Australia are less affordable compared to other OECD countries.
World
Investors who bet against US government bonds are reaping the rewards as long-term bond prices plummet. Bill Ackman warns of high inflation and unsustainable deficits, signaling the end of low interest rates.
The U.S. Federal Trade Commission and 17 state attorneys general are taking on two tech giants in separate antitrust lawsuits. Find out what the trials against Amazon and Google mean for competition and democracy.
China's real estate crisis, with nearly 40% of all bank loans tied to property, is putting pressure on the banking system and raising the potential for massive government bailouts in the coming years. Beijing has already taken some steps, but critics warn that delaying action may further damage the economy.
Tech
Square's latest announcement introduces a range of features aimed at boosting sellers' competitiveness, including customizable design templates, generative AI for product listings, and streamlined inventory management.
Meta's annual Connect event introduced a range of new AI offerings, including an AI assistant, chatbots, and AI image editing tools, all of which have potential benefits for SMEs. Of particular interest is Meta's AI Studio, which allows businesses to build their own AI chatbots without any coding experience, making it easier for SMEs to engage with customers and enhance communications.
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