A huge national company, which is a major supplier to the building industry, has fallen into voluntary administration after it racked up debts of $20 million. Lutum is one of three manufacturers of roofing tiles in Australia and employs approximately 150 people. It supplies roofing tiles and masonry products across Australia with manufacturing sites in...
Category: Bussiness
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How many travel agency & tour operator businesses are there in Australia?
It’s a good time to be involved in the travel industry and travel agency sector. Tourism has more or less fully rebounded from the pandemic, air travel is just about back to 2019 levels and airfares are moving in the right direction, while Australia’s busiest hub reports that more Aussies are travelling abroad than ever...
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Live: Elon Musk motors through Tesla profit announcement
The US’ consumer protection body the Federal Trade Commission has voted to ban for-profit US employers from making employees sign agreements with ‘non-compete’ clauses. The ban could affect tens of millions of workers, and US President Joe Biden welcomed the decision: “The FTC is cracking down on ‘non-compete agreements,’ contracts that employers use to prevent...
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News from Marine Safety South Australia – Marine Business News
News from Marine Safety South Australia – April 2024 It’s school holidays! Remember to operate with extra caution while around others on your local waterways as this time of year is always busy! When you’re out on the water, it’s important to keep these rules in mind: 4 knot speed limit within 30 m of...
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Home builder collapses after 60 years
One of Western Australia’s biggest residential building companies has collapsed, with Collier Homes falling into liquidation after more than 60 years. The Australian Securities and Investment Commission confirmed the company would shut down, with Robert Conry Brauer and Linda Methven Smith, from McGrath Nicol, appointed as liquidators. Collier Homes was created in 1959 by Raymond...
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Heinemann Australia rebrands to Heinemann Oceania cementing its focus in the region
George Tsoukalas will lead the newly branded Heinemann Oceania as MD. Heinemann Australia has transformed into Heinemann Oceania in a move that demonstrates the global travel retailer’s long-term commitment to the region. The rebrand comes just over a decade after Heinemann’s first entry into Oceania and hot on the heels of news that the company...
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Australia’s sailing squad for America’s Cup in Barcelona announced – Marine Business News
The sailing squad for Australia’s 2024 America’s Cup challenge in the Unicredit Youth and Puig Women’s competitions in Barcelona has been announced, with a combined team of 13 sailors including several Olympic and Sail GP athletes. The final Team Australia Challenge combined squad members are Tash Bryant, Nina Curtis, Lisa Darmanin, Miles Davey, Jack Ferguson,...
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Aussies slugged $13,890 in income tax
Australians were slugged a combined $304.8bn in Commonwealth income tax payments in the year to June 2023, its highest level ever, with revenue gushing into Treasury coffers due to near-record low unemployment, elevated wages growth and bracket creep. The average Australian 15 years and over paid $13,980 in Commonwealth income taxes over the 2023 financial...
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Barefoot Investor’s cash ‘surcharge’ prediction
Barefoot Investor Scott Pape has shut down theories Australia will go completely cashless, making the bold prediction that Aussies may be slapped with a ‘surcharge’ when using notes and coins in the future. The finance guru made the claim when responding to a reader’s concerns about the country’s move towards digital payments in his weekly...
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Queensland company collapses owing $16m
A Queensland company has been forced into liquidation after a court issued a winding up order for the firm with its accumulated debt topping $16 million. Bundaberg Farming Co Pty Ltd collapsed after the New South Wales Supreme Court issued a winding up order and appointed liquidator Glenn Livingstone for WLP Restructuring. The company had...
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Sponsorship of MasterChef by ‘renewable gas’ companies slammed as economically unviable ‘greenwashing’
In short: A gas network company is now a major sponsor of the television cooking show MasterChef Australia. AGIG is using this deal to promote low-emission alternatives to traditional gas stovetop cooking. What’s next? Critics say this is a cynical ploy for gas network companies to retain relevance as households go electric. The popular cooking series MasterChef...
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‘A total s***show’: Companies losing money after being locked out of Facebook and Instagram
In short: Small businesses that have had their social media accounts hacked are facing a lengthy response process from parent company Meta. Catherine Wilson’s business has lost tens of thousands of dollars to hackers locking her out of her accounts. What’s next? The government is drafting a new mandatory code that will make sure social media platforms...