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New Work Health and Safety Laws

New Work Health and Safety Laws (the National Harmonized Work Health and Safety [WHS] Laws) are scheduled to commence on the 1st January 2012.   It is expected that the WHS Act will be operational in Queensland, New South Wales, Australian Capital Territory,...

Compulsory Superannuation Contributions To Rise

The Australian government has announced that it intends to legislate for an increase in the compulsory superannuation guarantee rate which will be increased gradually over ten years. The initial increments, commencing on the 1st July 2013, will be 0.25 percentage...

Business Outlook Confused

There are some confusing business indicators evident in Australia at present. Interest rates have dropped from 4.75% to 4.5% and unemployment has increased to 5.3%.  Retail shop sales are down, however it has been indicated that internet sales, many of which originate...

Stress Test Your Business

Now is a good time to stress test your business to see how it would stand up to a bank review.   The first area to start with is to look internally to see what improvements could be made.  Could your working capital be better managed?   This involves stock,...

Team Member Appraisals

The way you conduct performance appraisals for your team members is critical for the appraisal process to be successful.   Ensure there are no interruptions. Give the employee your full attention. Establish rapport. Seek agreement on past performance. Remain calm...