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Could a skilled migrant help your business? Easy steps to hire

Australia’s Skilled Migration Program is designed to attract migrants who make a significant contribution to the Australian economy, and fill positions where no Australian workers are available. While the program has the potential to assist small businesses, a recent NSW Small Business Commission survey found

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Is your ‘zombie’ enterprise agreement set to expire?

With the passing of the Fair Work Legislation Amendment (Secure Jobs, Better Pay) Act 2022, a 12-month timer has begun on all ‘zombie’ enterprise agreements. What is a ‘zombie’ agreement? A zombie agreement is a coverall term that refers to agreement-based transitional instruments, such as workplace

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Household debt grows by 7% with no end in sight

Average household debt grew by 7.3 per cent to $261,492 in 2021-22, according to the latest figures from the Australian Bureau of Statistics (ABS). Katherine Keenan, ABS head of Finance and Wealth, said “the dataset released today includes timeseries from 2003-04 to 2021-22 for five

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Why SMEs should ‘debt hibernate’ instead of insolvency

Small businesses should have better access to ‘debt hibernation’ instead of being made insolvent when they face a crisis beyond their control, so they are better able to pursue a credible restructure, save jobs and rebuild, according to the Australian Small Business and Family Enterprise

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Will price caps on coal and gas bring power prices down?

In a bid to arrest escalating power prices, Australia’s federal, state and territory governments have agreed to impose caps on the wholesale price of coal and gas. Announcing the decision after National Cabinet met on Friday, Prime Minister Anthony Albanese said parliament would be recalled

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