Australia- Business News and Updates


Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.

Use PEO Services in Latin America to Continue Business During Restricted Travel Periods

Use PEO Services in Latin America to Continue Business During Restricted Travel Periods

Businesses may consider utilizing PEO services in Latin America to support their business continuity planning. Like many countries, Latin American governments are currently placing restrictions on travel and commercial activity as part of their measures to counter the spread of coronavirus, or COVID-19. Economies worldwide - and the businesses within them - are experiencing varying effects on their commercial activity from these restrictions. The short and medium-term future for businesses may...

Overview of India-Australia Business Activity

Overview of India-Australia Business Activity

Business activity between India and Australia is becoming more important and relevant for both countries. India was Australia’s eighth-largest trading partner and fifth-largest export market in 2018-19. This was mainly driven by coal and international education.  Two-way goods and services trade with India was US$30.3 billion in 2018-19. The level of two-way investment was US$30.7 billion in 2018. Australia has an ambitious agenda to broaden trade and economic relationship, as stated in...

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 scene. Major technology businesses trends for Australia in 2020 Australia is home to a number of...

Indonesia Ratifies Free Trade Agreement with Australia

Indonesia Ratifies Free Trade Agreement with Australia

Indonesian lawmakers have officially ratified free trade agreements with Australia. The Indonesia-Australia Comprehensive Economic Partnership Agreement, also known as IA-CEPA, is the beginning of a new chapter of cooperation between these regional neighbors. The bilateral pact was agreed by at least 374 representative members during a plenary session on 6 February 2020.  Indonesia is a growing market for Australian goods and services exporters. In the years 2018-19, the total two-way trade in...

International Leaders Plan Strategic Direction for the Year Ahead

International Leaders Plan Strategic Direction for the Year Ahead

Bogotá, 1 March 2020 – Biz Latin Hub leaders from all over Latin America are coming together in Bogotá over the next week to share updates of the operations of their respective country offices. Together with Managing Director Craig Dempsey and Chairman David Wright, they'll map out the company's growth strategy for the next 12 months, and plan the future movements of their respective offices. Biz Latin Hub's Corporate Office will host international business leaders from its 12 offices across...

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 roadmap mainly focuses on three areas:  Skills Capability and innovationInternational investment...

How to Liquidate a Company in Australia

How to Liquidate a Company in Australia

It is important to understand how to liquidate a company in Australia if your business operations aren't playing out as planned. Not every business project works out, and liquidation is one useful option for executives if reorganization or further capital injections aren't feasible. There are multiple ways to liquidate, cancel and dissolve established companies or branches in Australia. For each of these processes, it's wise to seek out a trusted legal services specialist in the country who...

What is the Free Trade Agreement Between Australia and China?

What is the Free Trade Agreement Between Australia and China?

Since the implementation of the free trade agreement between Australia and China (ChAFTA), Australia has secured zero tariffs for key products that enter the Asian market.  Although Australia and China experienced tensions last year, the Asian economy is still a key player in Australian industries, such as mining and the services sector. Expanding a business into Australia provides powerful trading opportunities with Asian markets. The Australian economy has been stable and growing...

What are the Business Opportunities for Australian Companies in Mexico?

What are the Business Opportunities for Australian Companies in Mexico?

In recent decades, Mexico has become a strong and stable economy on a global scale, encouraging and attracting local and foreign business opportunities. Economic similarities between other regional powers generate valuable opportunities, such as those for Australian companies in Mexico. This is attributed to fruitful trade deals, competitive cost structure, openness to Foreign Direct Investment (FDI) alongside many other factors. Mexico now boasts the second largest GDP in Latin America and...

6 Steps to Forming an LLC in Australia

6 Steps to Forming an LLC in Australia

Find out the key steps for forming a Limited Liability Company (LLC) in Australia. In Australia, the equivalent to the LLC is called a Proprietary Limited Company or Private Proprietary Company. Understanding the characteristics of this entity type and your obligations is crucial to full corporate compliance in Australia. Australia is renowned for its consistently positive economic growth for over 26 years, and strong mining, agricultural, and services sectors. The country’s highly innovative...

Pin It on Pinterest