Business

‘Extremely risky’ bank request on the rise, accountants warned

Accountants are increasingly being pressured to provide capacity to repay statements, as real estate agents and...

20 April 2021 • By John Buckley

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Business

Government warned against making bankruptcy an ‘attractive option’

Reducing the default period of bankruptcy from three years to one year would make it ripe for misuse, says one...

17 February 2021 • By Jotham Lian

Business

Advising an ASX listed company? 5 tips you need to know about non-bank funding

Promoted by ORB Alternative Out with the old and in with the new. Non-bank funding may be the smarter option for your...

03 February 2021 • By ORB Alternative

Business

Attorney-General floats bankruptcy changes, tougher sanctions against...

Changes to the personal insolvency system, including reducing the default period of bankruptcy from three years to one...

18 January 2021 • By Jotham Lian

Business

Major bank cuts rate on business, home loans

A major bank has moved to reduce interest rates on its business and home loans following the Reserve Bank’s historic...

04 November 2020 • By Jotham Lian

Technology

Intuit QuickBooks achieves open banking milestone

Intuit QuickBooks has become the first accounting software provider to be accredited for open banking, allowing users...

15 October 2020 • By Jotham Lian

Business

Accountants Daily Strategy Week Day 3 wrap-up: The insolvency tsunami and...

Identifying clients who are on the verge of collapse and helping others repay loan deferrals or access new loans were...

10 September 2020 • By Jotham Lian

Business

US-style debtor-led bankruptcy arrangement risky, government warned

The government has been warned that simply adopting US-style bankruptcy measures could result in propping up...

25 August 2020 • By Jotham Lian

Technology

Non-bank lender announces Xero app launch

A non-bank lender has now completed a new integration on the Xero app marketplace aimed at improving small businesses’...

23 July 2020 • By Jotham Lian

Business

Banks to extend COVID-19 loan deferrals beyond ‘September cliff’

Australia’s banks will now extend loan deferrals for another four months for customers who are struggling to make...

08 July 2020 • By Jotham Lian

Business

Major bank falls prey to $8m underpayment

Payroll calculation errors will now see a major bank compensate a total of $8 million to approximately 8,000 staff.

03 July 2020 • By Jotham Lian

Technology

Receipt Bank acquires Xero app partner

Receipt Bank has acquired a Xero-integrated accounting app, in a move that is set to help accountants and bookkeepers...

16 June 2020 • By Jotham Lian

Business

Federal Court voids banks’ unfair small-business contracts

The Federal Court of Australia has found that two Australian banks used unfair contract terms with their...

01 June 2020 • By Jotham Lian

Business

7-time bankrupt ends up in jail

A seven-time bankrupt has been sentenced to over two years in jail after pleading guilty to more than a dozen...

29 May 2020 • By Aidan Curtis

Business

Banks offer $86bn in new loans

More than $86 billion in new loans have now been provided to close to 80,000 businesses, according to the Australian...

19 May 2020 • By Jotham Lian

Business

Incoming insolvency spike could prompt bankruptcy changes

The inevitable spike in business insolvency numbers as a result of the COVID-19 crisis should lead to permanent...

14 May 2020 • By Aidan Curtis

Business

Treasurer hauls major banks to the table on JobKeeper bridging finance

Businesses will be given a leg up by Australia’s major banks through sped-up loans to cover upfront staff wages before...

23 April 2020 • By Jotham Lian

Business

Banks extend repayment deferral to $10m loans

Up to 98 per cent of all businesses will now be able to defer loan repayments for six months following an extension of...

30 March 2020 • By Jotham Lian