Retail sales unexpectedly dropped in May as weak consumer confidence translated into poor demand in shops. Continue reading
Tag Archives: business
Australian small businesses facing ‘uphill battle’ amid rents, dollar, internet competition
FOR 16 years Noel Fergusson and his wife Narelle have owned and run Leading Edge Music in Warriewood on Sydney’s Northern Beaches. Continue reading
Construction takes a hit from rates, floods
Activity in the construction industry slowed further in January as higher interest rates and the early effects of the Queensland flooding took their toll. Continue reading
Businessman to plead guilty to Ponzi scheme that fleeced unwary of $70m
GRAEME HOY, the flamboyant businessman who developed a penchant for fine food, luxury cars and other people’s money, is expected to plead guilty to charges arising from the 2008 collapse of the Chartwell Enterprises group. Continue reading
Melbourne director sentenced
Mr Barry John Patrick of Frankston, Victoria, has been sentenced to 4 months imprisonment wholly suspended with a requirement that he enter into a recognisance in the amount of $10,000 to be of good behaviour for 5 years, following an investigation by ASIC. Continue reading
Recent amendment to Building and Construction Industry Security of Payment Act 1999 places greater power in Subcontractors’ hands
A new amendment to the Building and Construction Industry Security of
Payment Act 1999 (Act) will give greater power to Subcontractors, most
importantly the ability to “freeze” monies owed to the Contractor above them. Continue reading
Are things really getting better? Maybe.
AS MEMORIES of the financial crisis fade we are whipping out plastic cards from our pockets like never before. Continue reading
Minnows use taxman as a bank
THERE are strong reports coming out that small business debts to the ATO have ballooned in the last 12-18 months. Continue reading
Former Chartwell secretary jailed on ASIC charges
Mr Ian Rau, the former company secretary of Chartwell Enterprises Pty Ltd (Chartwell Enterprises), has been sentenced today to two years and seven months imprisonment on eight charges brought by ASIC. Continue reading
ASIC disqualifies Henry Kaye from managing corporations for five years
Mr Kaye was disqualified following his involvement in 26 failed companies which provided investment and property education services to the public and the running of property investment and development activities. The companies in the group either operated or supported the operation of these businesses. Continue reading
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