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While Modern Slavery Statement reporting periods have gone back to their normal schedule, now is a timely reminder to collate your Modern Slavery Statements and submit in time with the regular deadlines.

Department stores have long been a popular hub for convenience, variety and discovery. However, the explosion in online shopping, continued expansion of floorspace and now the challenges of Covid-19 have seriously challenged their business model.

The 2021-22 Budget made a lot of spending announcements, including a number of tax cuts and incentives, and changes to superannuation. From our perspective here are the four key announcements that will have the most fundamental impact on your business.

In a measure designed to help first time home buyers to save a deposit more quickly, the Government will increase the maximum releasable amount of voluntary concessional (deductible) and non-concessional (after-tax) contributions under the existing First Home Super Saver Scheme (FHSSS) from $30,000 to $50,000.

Stuart Robert, as the new Minister for Employment, Workforce, Skills, Small and Family Business, now is your time to make change.

Australian retail sales grew 2.3% against the last year in March 2021, with several media reports highlighting the softening of retail demand. But the March headline growth number is misleading, given the 10% surge in March 2020 as panic buying took hold.

Every business owner needs to become fluent in financial literacy. If not enough attention is dedicated to this area, it can lead to an avoidable business downturn.

National Head of Retail & Consumer Products, Luke Ritchie, says retailers with deep connection to their customer communities are best placed to emerge stronger from the challenges wrought by the pandemic.

There is more good news for everyone looking to grow their superannuation balance. In addition to the general transfer balance cap increasing from $1.6 million to $1.7 million, the concessional and non-concessional contribution caps are also set to increase from 1 July 2021.

Google receives nearly 85% of its revenue from user data insights.

“Digital Transformation” is a common refrain amongst retailers grappling to respond to the explosion in online shopping brought on by the pandemic. Shrewd retailers understand this means far more than throwing money at a fancy website.

According to National Head of Retail & Consumer Products, Luke Ritchie, The explosion in online retail has been underlined by pureplay online businesses acquiring failing bricks-and-mortar retailers at bargain basement prices, only to relaunch them as online only operations.