by Apricity Finance | Mar 18, 2019 | Blog, News
The Royal Commission into financial services concluded in Australia last month, exposing a catalogue of misconduct by big banks and superannuation companies. The final report, which may lead to criminal or civil prosecution for the banks, also recommends widespread...
by Apricity Finance | Feb 20, 2019 | Blog, News
Announced last November, the Australian Federal Government plans to introduce a national payment register that would force large businesses to report on how long it takes them to pay their suppliers. This move, which would give small businesses the opportunity to...
by Apricity Finance | Feb 13, 2019 | Blog, News
Join the Apricity NRL Footy Tipping Competition Register your interest now to be part of the 2019 Apricity NRL Footy Tipping Competition and receive weekly tips from Rugby legend Gorden Tallis. First prize is a $1,000 Qantas voucher. Register Now. Please select Join...
by Apricity Finance | Feb 12, 2019 | Blog, News
Banking Royal Commission disappoints for SMEs As we all know by now, Commissioner Hayne’s final report was made public on 4 February, with the Government pledging to take action on all 76 of the recommendations made. Federal Treasurer Josh Frydenberg stated; “From...
by Apricity Finance | Feb 12, 2019 | Blog, News
ATO debt can be one of the biggest barriers to securing finance for small business. If this is an issue facing you as a business owner, you are not alone – last year the ATO released figures showing that Australian Small Businesses owe in excess of $12 billion...
by Apricity Finance | Feb 1, 2019 | Blog, News
As reported in The Australian on the 31 January 2019, Small business Ombudsman Kate Carnell has called on the Royal Commission, policymakers and regulators to work harder to get Small/Medium businesses on a firmer footing against banks or risk a “credit squeeze”. Ms...
by Apricity Finance | Dec 12, 2018 | Blog, News
2018 has been an exciting year of growth for our business and we are proud to have been part of the success stories of many of our clients. The end of the year is a great opportunity to catch up, take stock and celebrate our achievements. We have been lucky enough...
by Apricity Finance | Nov 22, 2018 | Blog, News
Small to medium business insolvencies dominate external administrator’s reports, according to an ASIC’s report of corporate insolvencies for the 2017-18 financial year. This year’s findings are consistent with the last two, revealing the top reasons for businesses...
by Apricity Finance | Nov 14, 2018 | Blog, News
Companies that inflict long payment terms on their small business suppliers are now facing the possibility of public naming and shaming under a review of payment times outlined this week by the Small Business Ombudsman, Kate Carnell. The review will include a survey...
by Apricity Finance | Nov 12, 2018 | Blog, News
“Australia has a competition problem – there is not enough of it. Our industries are concentrated. Anti-competitive conduct is rife. Our consumers are treated poorly”. Dr Andrew Leigh, MP We read with interest this article in the Sydney Morning Herald...
by Apricity Finance | Oct 25, 2018 | Blog, News
Can you believe the Christmas countdown is on? Every year it seems to happen earlier. And while thoughts for some turn to holidays, parties or end of year bonuses, for many small businesses the Christmas period can be a huge source of anxiety. For some businesses,...
by Apricity Finance | Oct 11, 2018 | Blog, News
Commissioner Kenneth Hayne, stated in his interim report released last week that the key questions the Commission has to answer are; why such poor conduct has occurred and, how can it be stopped from happening again. He clearly attributes blame for misconduct in the...
