SMEs little changed by banking royal commission

By Peter Roberts The banking royal commission has given little hope of change for small business dealings with the banks. Commissioner Hayne did not recommend extending consumer protections to SMEs, though there are avenues open to legislators that might beef up existing protections. Hayne said: “With some exceptions, I generally do not favour altering the…

Australia boosts international talks on digital trade

By Helen Hull Australian efforts have ignited negotiations with 75 other members of the World Trade Organization (WTO), representing over 90 per cent of global trade, on the development of new international rules in digital trade. Minister for Trade, Tourism and Investment Simon Birmingham said establishing new international rules for digital trade would help keep…

Why Australia needs to make lithium ion batteries big time

It is amazing how much difference a little policy innovation from governments can make to manufacturing fortunes – in this case in making lithium ion batteries. While there are a number of big factories making vehicle batteries overseas, it is action by the South Australian and, more recently, the Queensland governments which have ignited the…

Tramanco wins approval for truck mass system

Sydney’s Tramanco has received approval from Transport Certification Australia (TCA) for its CHEK-WAY on-board mass (OBM) measurement system for heavy vehicles. The independent assessment and type-approval means two Tramanco OBM products could now be utilised in Australia. TCA’s CEO, Chris Koniditsiotis said: “Type-approval involves an assessment (of) OBM Systems is based on…performance-based requirements. “The Specification…

Australia moves to secure UK trade

Trade minister, Simon Birmingham has reached agreement with the United Kingdom to secure Australian export trade for products should Britain depart the European Union without a comprehensive Brexit agreement. Senator Birmingham announced that current EU arrangements would continue to apply to Australian exports to the UK post-Brexit. “This will mean Australian exporters can continue to…