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Australia

Australian economy Stories

Australian Stories

Australian economy stories

Australian fintechs warn of tougher AI & payments scrutiny
Fintech

Australian fintechs warn of tougher AI & payments scrutiny

Rising regulatory pressure could force banks, merchants and payment firms to tighten controls on AI and card costs as Australia reforms payments.

By Sofiah Nichole Salivio • 5 min read • Today
CEFC adds AUD $150 million to ANZ SME green finance
Supply Chain

CEFC adds AUD $150 million to ANZ SME green finance

The top-up will lower borrowing costs for small firms buying solar, batteries and electric vehicles as energy bills and inflation bite.

By Sean Mitchell • 4 min read • Last week
AI could add AUD $4.8bn to small accounting sector
Digital Transformation

AI could add AUD $4.8bn to small accounting sector

Labour shortages and rising client demands could be eased if more firms adopt AI, MYOB says, boosting annual revenue by AUD $4.8 billion.

By Karen Joy Bacudo • 5 min read • Last week
Australian small business sales growth slows to 6.5%
Xero

Australian small business sales growth slows to 6.5%

Higher borrowing costs and fuel prices have cooled discretionary spending, leaving consumer-facing firms under pressure as sales growth slowed.

By Karen Joy Bacudo • 4 min read • Last week
Australia industrial vacancy falls as supply tightens
Supply Chain

Australia industrial vacancy falls as supply tightens

Lower speculative building and rising costs are squeezing tenant choice, with national industrial vacancy down to 3.7% after two years.

By Sean Mitchell • 4 min read • Last week
Early mortgage hardship boosts repayment recovery: Experian
Data Analytics

Early mortgage hardship boosts repayment recovery: Experian

Borrowers who seek help before falling behind on mortgages are far more likely to recover, with 87% back on track within six months.

By Karen Joy Bacudo • 3 min read • Last week
RBA likely to watch unemployment as job ads soften
Seek

RBA likely to watch unemployment as job ads soften

Rising unemployment and softer hiring demand may keep the Reserve Bank of Australia cautious as it weighs the labour market outlook.

By Mark Tarre • 4 min read • Last month
ATO tax debts lift insolvency risk for Australian firms
Data Analytics

ATO tax debts lift insolvency risk for Australian firms

More than 35,000 Australian businesses now face heightened failure risk as ATO debts above AUD $100,000 coincide with rising defaults.

By Karen Joy Bacudo • 5 min read • Last month
SMEC AI launches national line to aid SME AI adoption
Digital Transformation

SMEC AI launches national line to aid SME AI adoption

A free phone service aims to help Australian small businesses move beyond early AI trials, after research found most do not know where to begin.

By Mark Tarre • 4 min read • Last month
Revolut launches Australian bank after licence win
Digital Transformation

Revolut launches Australian bank after licence win

Australia-based customers will soon get savings accounts and a credit card as Revolut commits nearly AUD $400 million to its local banking push.

By Karen Joy Bacudo • 4 min read • Last month
Australian banks pay over AUD $4,000 a day for specialists
Digital Transformation

Australian banks pay over AUD $4,000 a day for specialists

Banks and insurers are scrambling for scarce regulatory experts as deadlines bite, even after cutting about 8,000 permanent roles this year.

By Sean Mitchell • 4 min read • Last month
Australia lags on AI governance as adoption races ahead
Digital Transformation

Australia lags on AI governance as adoption races ahead

Only 22% of Australian organisations say they are ready to govern AI safely, as spending and use surge across daily operations.

By Mark Tarre • 5 min read • Last month
Younger workers drive wage growth in Australia's SMBs
Small Business

Younger workers drive wage growth in Australia's SMBs

Pay rises are easing across Australia's SMB sector, but 18- to 24-year-olds still posted the strongest annual wage gains in June.

By Mark Tarre • 4 min read • Last month
Australia urges small firms to ditch cheques for digital
Digital Transformation

Australia urges small firms to ditch cheques for digital

Small businesses face disruption as Australia phases out cheques by 2029, with 3.5 million bank cheques still unbanked.

By Sean Mitchell • 3 min read • Last month
'Very small' fines unlikely to prevent future mobile outages
Customer Experience

'Very small' fines unlikely to prevent future mobile outages

Penalties in the low-to-medium eight figures may barely dent Telstra, as experts say tougher laws are needed to stop repeat outages.

By David Shilovsky • 5 min read • Last month
Australians cut spending & lean on credit as costs bite
Data Analytics

Australians cut spending & lean on credit as costs bite

Household finances are under growing strain as more Australians dip into savings, cut discretionary spending and lean on credit for essentials.

By Joseph Gabriel Lagonsin • 3 min read • Last month

Global Stories

Australian economy stories

SonicWall boosts endpoint security for SMBs and mid-market
Malware

SonicWall boosts endpoint security for SMBs and mid-market

SMBs and mid-market firms facing AI-driven attacks are set for tighter device controls as SonicWall prepares a new endpoint security product.

By Anthony Caruana • 5 min read • Last month
Australian warehouse costs rise as Sydney rents shift
Data centers

Australian warehouse costs rise as Sydney rents shift

Higher build and rent costs are squeezing occupiers, with Sydney's industrial market now showing wider price gaps and slower dealmaking.

By Joseph Gabriel Lagonsin • 4 min read • Last month