Date Posted: May 28, 2015

G'day to all our FBA family's, advisers & friends. The positive words for small business & investment opportunities that were delivered with the budget will certainly lift the business sentiment of our great families striving to expand their horizons. The government is certainly trying to encourage customer sentiment that affects all our businesses. After being at Gallipoli for the 100-year celebrations, I look forward to returning home to kiss the dirt... Read more

Date Posted: May 28, 2015

We are feeling the first bites of cold in sunny NSW – a few frosts and fogs - but at least the rain has eased! Each season brings its own special events and winter in NSW has become synonymous with VIVID Sydney – and we are right in the middle of it now! Surrounded by lights, music and ideas, this festival is evidence of what a small team of entrepreneurs... Read more

Date Posted: May 28, 2015

Family Business Australia was really pleased with the measures announced for small business in the Budget, and particularly with the mention of Family Business in the Treasurer’s budget speech. There have been a number of interesting interactions with the Federal Government lately, with FBA becoming the ‘go to’ organisation to connect government with real businesses, and their issues. I have been working on a Board of Taxation panel to give feedback... Read more

Date Posted: May 27, 2015

The 2015 Federal Budget has been handed down and it was great to see a range of initiatives to assist small businesses, including tax relief. Once again we hit the road to the greater ACT region – this time to Cooma NSW, sharing the benefits of membership with FBA. Local members the Van der Plaat family invited us to one of their three businesses High Country Roof Trusses. Matthew Power... Read more

Date Posted: May 27, 2015

High net worth individuals (HNWIs) see family businesses as a good match for them according to the results from KPMG’s Global Survey – Financing Family Business Growth through Individual Investors, the results of which were released late in 2014. Nearly half said that they have invested in at least one family business, often in a personal capacity. Encouragingly, the vast majority say their experience of doing so was positive. Many... Read more

Date Posted: May 25, 2015

Wayne Wescott, Chief Executive OfficerGreenfleet With their eye on future generations, sustainability is at the heart of every family business. When a company – however big or small – is focused on the long-term game rather than the short-term gain, sustainable practices make sense.Family businesses know that sustainability is more than a marketing opportunity or a line in a corporate mission statement – it’s an integral part of how to operate.... Read more

Date Posted: May 22, 2015

As part of National Consumer Fraud Week 2015, the ACCC is warning small business operators to think twice before opening email files that could contain ransomware. The ACCC’s latest Targeting Scams Report shows that almost $1 million was lost to these scams last year. Ransomware is a type of malware that infects a computer system by restricting access unless a ransom is paid to a scammer for the restriction to be... Read more

Date Posted: May 13, 2015

The talk today has been all about the 2015 Federal Budget. Here are a few items that peaked our interest: Key initiatives for small and family businesses include a 1.5% reduction in the corporate tax rate, from 30% to 28.5% for small businesses with up to $2 million turnover, bringing the rate down to the lowest level in 50 years. In recognition of the fact that not all small businesses use... Read more

Date Posted: May 6, 2015

Innovation, Inspiration and Insights for Family Business SuccessThere is a common myth that family businesses tend not to innovate, are risk averse and poorly managed.  This year’s WA State Conference on Thursday 4 June will bring to the fore pioneering examples of how wrong this myth is, and demonstrate how family businesses of all kinds develop unique ways of staying ahead of the game, to build a strong legacy for... Read more

Date Posted: April 30, 2015

What a stormy reception! My first few weeks working with FBA have been filled with warmth and friendliness, mountains of information and some of the worst weather ever seen in NSW! How did you fare? I am sure that many members have been affected to varying degrees by the cyclonic storms and - as I write- our northern coastal areas are preparing for more of the same punishment. We would... Read more