Government

2022 Federal Election Series Part 4: Which is the best party for small business or are the minor parties and the independents a better alternative?

2022 Federal Election Series Part 4: Which is the best party for small business or are the minor parties and the independents a better alternative?

This is the final article in theBankDoctor’s four part Election Series. If you missed any of the first three articles you can read them here.  “What does the recent history of small business ministers & shadow ministers tell us?” “What have the major parties done for small business?” “What are small business owners likely to […]

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2022 Federal Election Series Part 3: What can small business business owners expect from the next government & is that what they really need?

2022 Federal Election Series Part 3: What can small business business owners expect from the next government & is that what they really need?

This is the third article in theBankDoctor’s 4 part Election Series. If you missed the first two articles you can read them here. “What does the recent history of small business ministers & shadow ministers tell us?” “What have the major parties done for small business?” Small business owners have had a mixed time over COVID. […]

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2022 Federal Election Series Part 2: What have the major parties done for small business?

2022 Federal Election Series Part 2: What have the major parties done for small business?

theBankDoctor’s Election Series aims to assist small business owners form a considered view as to which is the best party for small business This is the second article in theBankDoctor’s four part Election Series. If you missed the first article you can read it here:  “What does the recent history of small business ministers & […]

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2022 Federal Election Series. Part 1: What does the recent history of small business ministers and shadow ministers tell us?

2022 Federal Election Series. Part 1: What does the recent history of small business ministers and shadow ministers tell us?

“The Morrison government is the best friend small business can have,” says Stuart Robert, the Minister for Employment, Workforce, Skills, Small and Family Business. Meanwhile, his Labour counterpart Richard Marles described Labour as the party of small business claiming “the Morrison government has taken the small business for granted for too long”. With the election […]

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Will SMEs seek to borrow in 2021 & will banks be prepared to lend? And what role should government play?

Will SMEs seek to borrow in 2021 & will banks be prepared to lend? And what role should government play?

According to the RBA, lending to SMEs remains flat and demand by SMEs for credit is subdued.This is despite record low interest rates which the RBA says it won’t be looking to increase until 2024. So why aren’t more small businesses taking advantage of these rates? Will banks increase their lending. And what role can […]

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The Government is barking up the wrong tree with SME loan scheme “enhancements”

The Government is barking up the wrong tree with SME loan scheme “enhancements”

After three months, just 4 per cent of the $40b available under this scheme has found its way into the hands of SMEs. Recognising this the Government has decided on three enhancements. 1. The term of guaranteed loans can be increased from three to five years. 2. SMEs can now borrow up to $1m from […]

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The Commonwealth should buy Judo Bank.

The Commonwealth should buy Judo Bank.

As a nation we cannot continue to rely on privately owned banks to achieve public outcomes like supporting the vital SME sector. When push comes to shove, banks will always act in the best interests of their shareholders – and so they should. What we need is a government owned SME bank that can improve […]

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The $90b Term Funding Facility for SMEs is a litmus test for the big banks.

The $90b Term Funding Facility for SMEs is a litmus test for the big banks.

The TFF is a timely and essential initiative that could be the key to helping thousands of small businesses avoid bankruptcy. The Government is putting a huge amount a faith in the banks’ ability and willingness to step up to the plate. They can’t compel them to lend but by providing the TFF they have […]

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The Government must act now to avert the collapse of small businesses.

The Government must act now to avert the collapse of small businesses.

Tens of thousands of small businesses are facing imminent collapse as revenues tank and they run out of cash. Urgent action is required to avert the disastrous consequences which will follow. Sensible government intervention like travel bans should flatten the coronavirus curve but we need to also need to flatten the curve of small business […]

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2020 looms as a watershed year for the big banks.

2020 looms as a watershed year for the big banks.

And after the astounding Royal Commission revelations, we thought it couldn’t get any worse for the big banks! Twelve months ago in my wrap up of the Royal Commission I concluded with the comment “2018 has been an “annus horribilus” for the big banks and 2019 is shaping up as being at least as challenging”. […]

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