Prime Minister Tony Abbott said on Monday that the GST was “a matter for the states” but should be looked at as part of the federation reform process and the tax reform process. Mr Abbott’s push for a mature debate on raising the GST has stumbled at the first hurdle after the states rejected any […]
States reject GST rate lift as Abbott pushes tax debate Read More »
While Australia has some of the lowest petrol tax rates in the world, the federal government’s move to make twice-yearly adjustments to petrol tax will add half a cent per litre at the bowser. The Government has announced that it will increase fuel excise from November 1 and spend the next 12 months seeking parliamentary
Fuel tax rises to hit petrol stations, new businesses Read More »
Investment company Re:Capital Australia, Hilco Capital’s Australian business, announced in October it had acquired the Broadmeadows-based confectionery manufacturer Betta Foods and formed a new holding company, The Confectionery Innovation Group Pty Ltd. The financial details of the transaction were not disclosed. The Confectionery Innovation Group will take 100% ownership of Betta Foods. Established in 1954,
Re:Capital adds Betta Foods to confectionery portfolio Read More »
A new car servicing code being agreed to between major automotive industry bodies threatens to hit independent workshops, many of which operate from existing service stations, out of the business of repairing new cars and could force new car owners back to the new car dealers. Car maker body the Federal Chamber of Automotive Industry
New car service code to squeeze workshops, AMIF calls for unity Read More »
The Australian Competition and Consumer Commission has launched additional legal proceedings against Coles Supermarkets and alleged that Coles took advantage of its superior bargaining position by demanding money from suppliers that it was not lawfully entitled to, and was, in all the circumstances, unconscionable. “The ACCC has commenced these proceedings because it considers the alleged
Regulator takes Coles to court over supplier payments for profit, stock losses Read More »
National Australia Bank launched a market-leading credit card offer of 0% interest for 15 months on purchases on its low rate card this week to give customers more flexibility in how they manage their finances and spending heading into the busy Christmas shopping period. The move comes as the government confirmed credit card deregulation that
NAB rolls out credit card Christmas boost, more card issuers to launch Read More »
With some dairy suppliers signing on to supply Coles and Woolworths private label $1.00 milk, despite growing Asia export demand for milk products, Saputo International chief executive Lino Saputo Jnr has slammed Australia’s supermarket duopoly for selling milk cheaper than water. At a Rabobank leadership dinner in Sydney, Mr Saputo said that he found the
Saputo chief slams chains for “cheaper than water” milk Read More »
Coles and Woolworths free in-store magazines have the biggest readership in Australia’s food magazines, putting more pressure on other food, homemaker and women’s titles in the traditional paid magazine industry. According to the latest Enhanced Media Metrics Australia (EMMA) survey for the 12 months to August 2014, which includes August 2014 print figures and web
Supermarkets put pressure on food and homemaker magazine market Read More »
Caltex Australia acknowledged last week the EPA proceedings regarding the 2013 incident at its Banksmeadow terminal and said that it undertook an extensive investigation following a leak from a petrol tank at its Banksmeadow (NSW) terminal in July 2013 into secondary containment. Caltex Australia said that although there was no harm to the environment, Caltex
Caltex responds to NSW EPA proceedings, faces $2 million fine Read More »
Support Small Business Day, held in Victoria this year on October 4, is a welcome addition to other recent SME event campaigns the American Express-led ‘Shop Small’ and the Australian Chamber of Commerce and Industry’s Small Business ‘Too Big to Ignore’. Victoria’s second Support Small Business Day attracted 3,387 small business and 2,523 shopper registrations
Victoria backs ‘Support Small Business Day’ Read More »
Roy Morgan Research has found that the proportion of Australians who buy soap in an average four-week period has shrunk almost 10% over the last five years, while supermarket house brands have grown to become the fourth most popular soap brand. The latest data from Roy Morgan shows that after four consecutive annual declines, just
Less Australians buy soap brands as supermarket labels grow Read More »
Retail groups have called for immediate action by all Australian governments after a new Productivity Commission report released last Friday found that – while largely market driven – retailers’ costs are being inflated by ‘red tape’, such as trading hours restrictions, planning and zoning regulations and occupancy costs. Productivity Commissioner Patricia Scott said that the
Costs inflated by red tape: Productivity Commission report Read More »
Job worries, rising unemployment and falling real wages have put retail sales on a slowing growth pattern before the expected Christmas spending pick up, while peak industry body the Australian Retailers Association remains hopeful that September figures will continue to highlight positive growth. ARA executive director Russell Zimmerman said retailers enjoyed only a small increase
Food sales growth flattens, retail needs Government, RBA support Read More »
