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ASBFEO calls for Budget policies to drive investment and transparency in small business dealings with big business and banks

28 April 2017

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has proposed key policies for the 2017-18 Federal Budget to kick-start small businesses growth, create more jobs and promote more transparent and fairer relationships with banks and big businesses.

The ASBFEO Kate Carnell said the Australian Government should consider a range of policies to boost small business, which accounts for 33 per cent of Australia’s GDP and employs about 50 per cent per cent of the workforce.

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ABC Brisbane Mornings – Interview with Steve Austin

20 April 2017

Subject: Banking Inquiries and implementation of recommendations

Kate Carnell: When we undertook our Inquiry it was 17 (inquiries into banking) and since then there has been our Inquiry, one by Steve Sedgwick into payment approaches and bonuses  and so on in the banks and also Phil Koury’s Inquiry into the Banking Code of Conduct.

So since the 17 there have been another three. So you can see there are lots and lots of inquiries with very similar recommendations and so far very, very little action.

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Would you like more information on unfair contract terms?

A new law is now in place to help better protect small businesses from unfair terms in ‘Standard Form Contracts’.

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Case studies

Revival of a silver screen icon

Making your passion your profession

David Kilderry’s love of cinema began when his parents built a second story on their house in Reservoir, Victoria; from David’s new bedroom window, he could see the Coburg Drive-In screen.

“It was a little way away, but I could see it and I fell in love with drive-ins then and there,” David recalled.

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From little things…

The evolution of a product

Working hard to make ends meet as a young single mum, Loo Taylor decided to start selling her home-made terry towelling cushions at the Fremantle markets near Perth.

Cushions weren’t her only area of expertise though; Loo also made hair clips.

“I had long hair at the time, and after I cut it all off, I started making clips with flowers on them to wear,” Loo explained.

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Vines, wines and not enough time!

A mutual interest

It was a love of fine wines that inspired one Canberra couple to start their own small business.

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