Australia/New Zealand Small Buiness News Round-up – 2009/05/20

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from Australia and New Zealand:

  • Small business conditions drop to 13 year low: Business conditions expected to remain “significantly negative” during June quarter but owners are optimistic.
  • Open, and they will come: Relaxing restrictions on trading hours is essential to help small business weather this downturn./li>
  • Small firms purchase in CBD: Tenants are taking advantage of low interest rates and buying a place to call home.
  • auDA blocks Bottle customer transfer: Australia’s domain name regulator appears to have reversed a decision by Bottle Domains to switch its customers to another business with which the troubled domain reseller appears to be associated.
  • Bad debts take toll on CommBank’s earnings: THE Commonwealth Bank has underlined the difficulties facing the Government’s recession-busting budget with a warning that bad debts are spreading at an increasing rate among home owners and small businesses.
  • Wage growth eases as economy slows: Wage growth slowed in the first quarter as a slowing economy relieved some of the previous tightness in the labour market.
  • Women lose out from super changes: Changes to superannuation and retirement ages have created confusion and could penalise women, say experts.
  • Hourly pay up 4.2pc on last year: TOTAL hourly rates of pay, excluding bonuses, rose 0.8 per cent in the March quarter, seasonally adjusted, the Australian Bureau of Statistics (ABS) said.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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