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Associations To Business
Key Points $244.4 million in new expense initiatives; $487.5 million in new infrastructure and capital initiatives; and $106.4 million in new revenue initiatives over four years. Net operating balance a deficit of $407.6 million in 2015-16, an increase of $157.8 million from the deficit of $249.8 million previously forecast. Budget now expected to return to surplus ($50.3 million) in 2018-19....
June 2015 Issue 105
Governments don't go broke (not even Greece ...). Governments are not businesses (they are supposed to be democratic). They are more than about the bottom line and profitability. Governments do things that no business would ever consider doing ... for example giving billions of dollars away and expecting nothing in return. So why do we get hung up about governments...
Cover Story
B2B magazine recently attended the International IT Fest 2015 in Hong Kong. Editor and publisher of B2B, Tim Benson, attended IT Fest as a sponsored guest of the Hong Kong Economic & Trade Office in Sydney, representative office of the Hong Kong Government in Australia and New Zealand. The International IT Fest featured a series of events to provide a...
Associations To Business
The new leadership at Canberra Business Chamber is poised to drive a positive outcome for business in the ACT and for the ACT economy. Mr Glenn Keys, elected as the new Chair of Canberra Business Chamber in March 2015 and Ms Robyn Hendry, who will move into the CEO role from late May 2015, are both looking forward to tackling...
G2B: Chief Minister’s Message
In late March, I delivered my first major speech to the ACT's business sector on the state of the territory. My speech highlighted the government's renewed vision for our city- with investment in infrastructure and an urban renewal agenda designed to reinvigorate the nation's capital. I am committed to this vision as it will continue the city's growth and help...
May 2015 Issue 104
Political fashion - some might say it's an oxymoron. But late last year a group of Parliamentarians got together and decided that we needed to do more to support the local fashion industry, and so Parliamentary Friends of Aussie Fashion was born. A challenge was put out to all MPs and Senators to wear locally designed and made clothes for...
Features
What is a testamentary trust? Testamentary trusts have been used in estate planning for many years, but what is a testamentary trust? I like to think of it as a ball of play dough that can be moulded to suit any person's circumstances. At its simplest, it is a gift in a Will to a beneficiary who is under the...
Features
Productivity in the workplace is affected by a number of different things. Being aware of common barriers to productivity in the workplace, as well as engaging with advice on how to boost your productivity to above average levels, can be extremely beneficial to your business outcomes. Here are five things that all businesses should be thinking about: 1. Motivating Staff...
May 2015 Issue 104
'Australia is a lucky country, run by second-rate people who share its luck.' This is the full sentence written by Donald Horne in his commentary of Australians in the 1960s titled, 'The Lucky Country'. Australia has certainly come a long way since the 1960s, where we were riding on the sheep's back, Australia's cultural cringe and the White Australia Policy....
Expert Advice
Yes, it sounds a bit dramatic, but if your website is not mobile friendly, the latest Google algorithm could significantly affect your ranking on Google's search engine. In Australia, over 90% of searches are done on Google. It's never been more critical for websites to be mobile friendly. If you don't do something about this now, it is likely to...
Expert Advice
The day will inevitably come when it's time to move on from your current organisation and take up a fresh challenge elsewhere. However, the way you leave your employer is important and you must ensure you leave on good terms, as how you leave is often how you are remembered. Leaving one organisation to start a new challenge elsewhere can...
Expert Advice
Starting a new business is an exciting time. A difficulty may be getting all necessary legal advice, and mechanisms in place prior to starting. Although cash flow can be tight when starting out, this is an important time to receive professional advice, as it may limit the risk of unintended issues arising later. What are the legal issues / advice...
Expert Advice
Do I need permission from the other parent or a Court to move with my children? Parents need to be aware that if you move within Australia without the other parent's consent or a court order, the other parent may apply for a recovery order in the family law courts seeking to have the children returned. If a recovery order...
Distribution Logistics
The Print Logistics industry is undergoing continual change - if we accept that "print is not dead", then we are told that today's choice is either Digital or Offset printing. The reality is that there remains a role for both, and the choice is not so much "which one" but "which one is right for this job". Traditional Offset printing...
Corporate Governance
In early April, the Australian Institute of Company Directors (AICD) released a statement calling on all boards to ensure that at least 30% of directors are female, and urged all listed companies to achieve this target by 2018. In launching this target, AICD's Managing Director and CEO, John Brogden, said the new objective is a significant extension of previous diversity...
Banking
The hot Australian summers are perfect pool weather, so it might not be surprising to learn that Australia has the highest pool ownership per capita - there's around 1.2 million private pools currently installed and thirty thousand new pools being installed each year1. But, aside from the countless hours of enjoyment you and your family could experience with a pool,...