INTHEBLACK June 2022 - Magazine - Page 11
“I would love to see every organisation in Australia hear
that someone in their team is taking maternity leave and
thinking ‘great, we can turn it into a development
opportunity for four or five people in the organisation’.”
CREDIT CARD CONCERNS
Credit cards can present a convenient way to pay, but they also come with
risks and costs. Research from Finder shows more than one-third of credit
card holders in Australia – equivalent to 4.9 million people – have engaged
in concerning credit card behaviour in the past 12 months.
14% 9% 12% 11%
HAVE BOUGHT
ITEMS
IMPULSIVELY.
HAVE TOTALLY
MAXED OUT THEIR
CREDIT CARD.
ONLY PAY THE
MINIMUM AMOUNT
EACH MONTH.
HAVE MADE A
LATE PAYMENT.
9% 2% 8% 10%
HAVEN’T CHECKED
THEIR STATEMENT
BEFORE PAYING
OFF DEBT.
HAVE APPLIED
FOR NEW CARDS
THEY DON’T
NEED.
EXPLORE THE RESEARCH HERE
NEVER CHECK
THEIR CREDIT
CARD ACTIVITY.
HAVE TAKEN OUT
CASH ADVANCES
TO PAY FEES FOR
MORE THAN ONE
CARD.
M E L A N I E S I LVA
MANAGING DIRECTOR
GOOGLE AUSTRALIA
AND NEW ZEALAND
Source: Australian Financial Review
BOOM TIME
FOR SMES
Australia is experiencing a small
business boom that is set to
continue, with an estimated 3.5
million more small businesses
expected to be launched over
the next 10 years.
Xero’s Where Opportunity
Lies: Australia’s new small
business boom report,
produced with Accenture,
forecasts the impact of new
small businesses by 2031,
with results including:
• A$370 billion over 10 years
in value will be added to
the Australian economy
• One million new jobs
•
will be supported
Six per cent of the
nationwide labour market
will be employed by the
new small businesses
Joseph Lyons, Xero’s
managing director Australia
and Asia, says conditions are
favourable for Aussies seeking
to strike out on their own.
“We’ll see this play out
with an expected 3.5 million
small business registrations
contributing a total of A$370
billion to the Australian economy
over the next 10 years.”
READ THE REPORT HERE
intheblack.cpaaustralia.com.au June 2022 11