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Here’s an easy question! What’s the most important thing in business? Answer: Collecting the money you are owed!!! Simple answer, hey, but something too many small business people don’t follow.

Having systems for prompt small business payments is a priority campaign for us. See here and here. More...

A few update issues:

Competition law reform. Success!
We reported to you last Sunday on why the ‘effects test’ Bill is opposed by Labor. It’s simple: Follow the money. Coles pays the shoppies’ union who pays the Labor Party. Coles opposes the Bill. Labor opposes the Bill. Well, on Wednesday, the Misuse of Market Power Bill (Effects test) passed Parliament. Here’s the Senate debate  (watch from about 12.52). Labor opposed. The Greens supported the Bill along with other independent Senators. Well done to them in ensuring a fairer deal for small business people and competition! More...

It looks like truly good news. The ‘big end of town’, through the Business Council of Australia, last week launched a new small business ‘pay on time’ code. That is, big businesses signing up to the code have agreed to pay small business suppliers on time. And the Council of Small Business of Australia (COSBA) has endorsed the code.

Let’s be clear. It appears that BCA has moved on the code because the Victorian government has implemented one, the Federal Small Business Ombudsman, Kate Carnell, has been pushing for one and the ‘big end of town’ doesn’t want to see legislation forcing them on this.   More...