Business News Update – 13th July 2023

Welcome to this weeks edition of the Business News Update. Read on for the latest updates in regard to Regulations and Business News, hopefully providing information to help you to successfully move forward.

One of biggest defence deals in Australia’s history inked in Berlin

Waffentrager Scaled

Australia will export more than 100 Brisbane-made Boxer heavy weapon carrier vehicles to Germany starting in 2025 under a $1 billion deal. The military vehicles will be produced in Redbank and will secure around 1,000 jobs.

Gas ‘plays a role’ in the transition to renewables

Gasplant T M

Allan Gray Portfolio Manager Suhas Nayak says he thinks gas plays a role in the transition to renewables.

Farmers the winners as milk processors compete for supplies, forcing up returns

Brown White Dairy Cow With Fresh Milk In Green Grass Field

The price of a bottle of milk is expected to rise as major dairy processors continue to pay farmers more for their milk. This has been welcomed by farmers who have faced large rises in costs, but there is likely to be more pain for shoppers,

Australia is battling a teacher shortage. This future graduate says a ‘huge flaw’ isn’t helping

Screenshot 2023 07 13 094615

Australia is facing a teacher shortage, and according to one future graduate, a major flaw in the system is not helping the situation. She said unpaid placement arrangements made it challenging for those wanting to complete a teaching degree.

What makes a comfortable retirement?

Meld Five Retirement Planning Steps Facebook 1200x630 1 (1)

It’s complicated of the most difficult things in answering your question is working out what you mean by ‘comfortably retire’.

Micro-businesses hit hardest by staffing woes: Report

Istock 658516626 1

In a bid to shed light on the ongoing labour shortage struggles, Small Business Loans Australia commissioned a comprehensive research study. The findings reveal more than two-thirds of businesses grappling to find suitable staff, and among the most affected are micro-businesses.

PwC Identifies Eight Partners Involved in Tax Leak

Screenshot 2023 07 13 095643

Eight partners have been shown the door by major consultancy firm PwC following a high-profile confidentiality breach involving secret federal tax information.

‘Cracks start to appear’: Sign Australian economy running out of steam as recession looms

Screenshot 2023 07 13 095930

Recent months have brought news of an economy that is contracting in per capita terms and of a retail sector that is seeing the volume of actual goods sold declining, despite the most rapid population growth in decades.

Regulators and industry join forces to combat investment scams

Screenshot 2023 07 13 100431

To target a problem that is costing Australians more than $1 billion a year, the country’s corporate and consumer watchdogs are teaming up with private industry to form an ‘investment scam fusion cell’ with a wide remit of activities to protect the public.

Get In touch


Want to access more tailored business advice? Book a one-on-one consultation with our expert advisors today!

Contact us if you have any questions or want to discuss the next steps for your business.

The 2 Peas Team

P: 1300 896 732