Iron Ore Chart

Price lags – history can help predict the future

Happy to hear your tips, but predicting prices of commodities, exchange rates or share prices is nigh on impossible on a short term basis. On a longer term basis, it is a little easier, especially when you take a look at a few graphs and reflect on that prices of goods in Australia has remained […]

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Ferrari-488

Glitz and glam doesn’t sell the jam

I once had a supplier who worked really hard and would rock up in an old green Mitsubishi Magna – a tired and tidy vanilla car. Like his car, his price was always competitive, and he provided a high level of reliable service. So much so, that late one Friday evening he had to drop […]

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image-from-rawpixel-id-346138-jpeg

What gets measured, gets done

Well, the crystal ball fortune tellers from last year are remarkably quiet this year, but who could have predicted a year like 2020? This also tends to be the time to make New Years resolutions, which have a success rate not much higher than the odds of winning the Melbourne Cup. However, a bit from […]

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birdseye view of RDW locations

Unfair Contracts legislation (January 2016)

This has largely gone under the radar for most businesses because of the watering down from the original draft (as it passed through the Senate). But that doesn’t mean it is now impotent. The new legislation states that from November 2016, it will be illegal to use standard form contracts for any contract under $300,000 […]

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Unfair Contracts takes its first bite (Nov 2017)

Faithful readers will recall from our January 2016 Newsletter the heads up about unfair contracts legislation that took effect November 2016. The first legal case using this legislation has now bitten its first victim. In essence, a company can not enter into a contract that creates a significant power imbalance between the parties. The easiest […]

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Payment Times Reporting Bill 2020 (May 2020 Newsletter)

Last year, the Federal Government put in place that Government is to pay all suppliers within 20 days. In addition to this, legislation (known as the Payment Times Reporting Bill 2020) was introduced to Parliament last week that requires businesses with a total annual income of more than $100 million to report on how and […]

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Happy diverse business people making a deal

Fairness gets you furthest

  Things are looking up for the engine room of Australia’s economy – with changes set to allow small and medium sized businesses to grow and flourish. Hot on the tail of the Payment Times Reporting Bill 2020 (that strives to force down invoice payment times to 30 days), the Unfair Contracts legislation is now […]

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