Cashflow Archives - SmartCompany

“Recipe for disaster”: Consumer groups call for ad ban on BNPL for groceries, medicines

Marion Rae — Fri, 26 Jul 2024 00:13:57 +0000

Consumer groups warned the focus on purchases of up to $2000 was too low as high-value buy now pay later loans also carried financial risk for any kind of borrower.

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Digital transactions boom as older Australians in remote regions ditch cash

Savannah Meacham — Wed, 10 Jul 2024 23:39:52 +0000

The starkest change is among the 65-year-old and older age group, which has reported a 69% drop in cash usage since 2007.

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Cash to stay afloat as money mover Armaguard receives $50 million life raft

Steve Worthington — Mon, 24 Jun 2024 23:45:58 +0000

A deal reached between Armaguard, the banks, and Australia’s largest retailers securing the cash-in-transit service’s future, is good news, for now, for those Australians who still use cash.

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All work, no pay: Australia’s underpaid migrant workers need urgent reforms

Laurie Berg — Thu, 20 Jun 2024 01:57:11 +0000

The widespread underpayment of migrant workers in Australia is now well-documented, and the vast majority never recover the wages they are owed.

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Bosses pocket 14% higher salaries as workers battle cost of living pressures

Andrew Brown — Wed, 12 Jun 2024 00:23:10 +0000

The survey of 1089 companies found the average fixed remuneration of a chief executive of an ASX 200 listed company was $1.37 million in 2023-24, up from $1.14 million in 2022-23.

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‘Abandoned, disrespected’: Rural branch closures inquiry calls for more banking regulation

Stephanie Gardiner — Tue, 28 May 2024 00:12:32 +0000

The Senate inquiry into branch closures across rural Australia released its final report, after the committee spent a year travelling across the country hearing about the effects on everyday life and business when a rural bank shuts its doors.

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Late payments creating mental toll for cash-strapped small business owners

David Adams — Thu, 18 Apr 2024 01:15:09 +0000

Letting invoices go unpaid has a significant mental toll for small business owners, according to a new survey that ties late payments to soaring stress levels.

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Julie Collins: Payment times reforms will be a shot in the arm for small businesses

Julie Collins — Mon, 15 Apr 2024 23:42:51 +0000

Minister for small business Julie Collins explains how the overhaul to the Payment Times Reporting Act 2020 will help level the playing field for small businesses. 

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Money transportation is becoming uneconomic. Is this the end for cash?

Steve Worthington — Sun, 07 Apr 2024 23:49:04 +0000

Moving cash around by companies like Armaguard was already expensive. But the dramatic fall in cash usage has further increased the unit cost of this process.

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Money mover Armaguard rejects $26 million bailout amid collapse fears

William Ton — Tue, 02 Apr 2024 23:30:34 +0000

Retailers and banks are preparing contingency measures in case Armaguard collapses after the money transporter rejected a $26 million bailout from the nation's biggest cash users.

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