Posts by Legal Team Australia- Business News and Updates


Articles written by this author include Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Professional Employer Organization (PEO) news, Q&A with experts, and more.

How Businesses Can Sell on Amazon Australia

How Businesses Can Sell on Amazon Australia

Amazon has come a long way. The e-commerce platform operates in 14 worldwide marketplaces and has become one of the world's largest online retailers. In December 2017, Amazon was launched in Australia and became one of the most used e-commerce platforms in the country. Amazon's success in Australia owes in large part to increased online shopping, population growth and the country's isolated...

How is Australia’s Open Banking Regime Changing the Financial Landscape?

How is Australia’s Open Banking Regime Changing the Financial Landscape?

Australia has and continues to be an extremely friendly environment for foreign companies looking to expand in the country. In fact, a 2019 World Bank Survey places Australia as one of the friendliest countries in the world to do business. Currently, Australia's new open banking regime only adds to the attractiveness of the country. Australia's legal frameworks, regulations and institutions...

Why is Western Australia a Global Hub for Energy and Mining Innovation?

Why is Western Australia a Global Hub for Energy and Mining Innovation?

The state of Western Australia (WA) thrives on being a global hub for energy and mining innovation. WA is the most diversified mining and energy province in the world and the largest producer of iron ore. The resources sector in this state is so prominent that it represents 1/3 of WA’s Gross State Product (GSP). Along with innovation initiatives and future development plans to increase WA’s...

How is Fintech Changing Australia’s Financial Sector?

How is Fintech Changing Australia’s Financial Sector?

Over the past 4 years, Australia’s financial sector has been characterized by substantial development in fintech. Fintech, a combination of “financial technology”, refers to the use of innovative technology to offer financial services and improve their delivery. Using specialized software and algorithms, fintech transforms the way people manage their financial operations and processes....

Why Get an Entity Health Check in Australia?

Why Get an Entity Health Check in Australia?

Getting an entity health check in Australia is a vital step before incorporating a company in the country.  As it becomes an exciting destination for foreign investors, Australia offers a favorable business environment, promoted by a dynamic and competitive economy. Thus, an entity health check will allow you to access critical information to understand the risks and opportunities when...

‘New Deal’ Plan Promotes Australian Manufacturing Sector

‘New Deal’ Plan Promotes Australian Manufacturing Sector

In June 2020, communities in the Australian manufacturing sector published the ‘New Deal for Manufacturing’ plan to support growth and innovation. Academics, industry experts and other actors in the sector contributed to what is considered a request for support from state and national governments. The plan comes ahead of a projected recession – the first the country has seen in nearly 3 decades...

Overview: Growth of Insurtech in Australia

Overview: Growth of Insurtech in Australia

Gain insight into the developments underway in the insurtech world in Australia. “Insurtech is creating new pathways in an old industry. It’s the most exciting industry in the world today,” says Laura Dabrik, Chief Evangelist at Guidewire Software. “Right now, insurance is on the cusp of large-scale change”.  Insurtech companies in Australia are looking for ways to streamline operations and...

Australia and New Zealand’s Economic Packages to Support Business

Australia and New Zealand’s Economic Packages to Support Business

Find out about Australia and New Zealand's economic packages to support business for local companies. Like many countries. these South Pacific Island nations have taken measures against COVID-19. Strict social distancing measures in place across the world can impact business activity quite significantly, as many are unable to operate, or are operating at a reduced capacity. The global economic...

4 Trends for Technology Businesses in Australia

4 Trends for Technology Businesses in Australia

Australia is a highly developed market economy to which technology businesses contribute greatly. The economy’s success is driven by the ability of local businesses to improve and innovate technologically, discover new markets, and build new products. We explore several key trends emerging from technology businesses in Australia, and how these trends may influence the future of Australia’s tech...

Government to Invest in Blockchain Technology Innovation in Australia

Government to Invest in Blockchain Technology Innovation in Australia

The Australian government recently unveiled plans to ramp up innovation through blockchain technology with an updated roadmap. The Ministry for Science, Industry, Energy and Resources has formulated a new national plan aimed at generating value of business-related blockchain activity, with a specific focus on supporting international supply chain management systems and tracking.  The...

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