Small business prompt payment protocol

Many small business clients dealing with large business customers have complained how difficult it can be dealing with and get payments from those big companies. I think most people would be sceptical that anything can be done to fix this. The Government is considering the introduction of a voluntary prompt payment protocol to tackle delays…

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1/10th of credit applicants give dodgy data

Up to 1.6 million Australian have misrepresented their financial information when applying for a loan in order to obtain credit, according to Veda Advantage’s latest Australian Debt Study. While the study found the majority of Australians were honest about their current financial status, 823,000 people had understated their total expenses and 342,000 had overstated their…

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Australians sceptical on super

There’s a revolt underway in consumer land as Australians from all walks of life vote with their feet and shun superannuation in favour of personal savings and other investments. Some push-back is to be expected given account balances struggled to fight the pull of gravity over the last two years, falling lower and lower for…

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