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  • 16-Nov-2018 15:28 | Tracy Dawson (Administrator)

    Based on a survey of senior executives from Australian retailers, the seventh annual Deloitte Retailers’ Christmas Survey 2018 report analyses their sentiment for the Christmas period, key trends and their expectations and priorities for 2019.

    The overall market has performed relatively well in 2018 and, in spite of some dark clouds lurking on the horizon in terms of the broader economy, Australian retailers appear to be carrying this optimism into the Christmas trading period, with survey respondents expecting to increase both their sales and profit margins compared to last year.

    Looking ahead, retailers still remain relatively bullish about their prospects for 2019, with over half of survey respondents expecting consumer confidence to decline in the next 12 months, but more than 90% expect to see positive sales growth in 2019, and nearly a third are predicting growth in excess of 10%.

    Key takeaways

    • 80% of retailers expect to see higher sales this Christmas compared to last year, with 41% predicting growth of 5% or more
    • Online is set to be a key battlefield this Christmas, with 79% of survey respondents expecting to experience growth of 10% or more in online Christmas sales
    • With a further 12 months of trading under its belt, the presence of Amazon in Australia hasn’t seemed to faze Australian retailers, with 83% predicting Amazon will have no impact on their Christmas trading performance
    • There is a continued shift in strategic thinking, with customer and omni-channel being the key strategic priorities for two thirds of survey respondents
    • “Responsible retailing” is also becoming a key strategic focus for many retailers as customers are voting with their wallets and demanding products from companies that align to their own cultural values and beliefs.

    Learn more


  • 16-Nov-2018 14:22 | Tracy Dawson (Administrator)

    PARKROYAL Parramatta has Christmas all wrapped up with packages to suit all your festive needs. 

    Pre-Christmas Dining

    Start your festive celebrations early with PARKROYAL's Pre-Christmas dining packages. Enjoy a Christmas themed buffet lunch or dinner at TABLE 30, or indulge in our premium seafood buffet available every Saturday night. 

    Christmas Function Packages

    Having a Christmas Party? Choose from a range of options including PARKROYAL's set menu, canapé or buffet packages. All packages include Christmas centrepieces, bon bons, a DJ and more.

    Christmas Day Lunch

    Join PARKROYAL at TABLE 30 for a spectacular Christmas Day lunch. Indulge in traditional roasts, fresh seafood, Christmas desserts and more. All children under 12 will receive a visit and gift from Santa.

            


  • 14-Nov-2018 14:38 | Tracy Dawson (Administrator)


    Make organising your Christmas celebrations easy and join ATC for all of the thrill and excitement of a day at the races on Saturday 24th November!

    Located trackside at Rosehill Gardens, be a part of all of the live racing action while enjoying award-winning hospitality with a decadent buffet lunch and beverage package.

    Your race day experience includes:

    • Reserved seating
    • Buffet Lunch
    • ATC beverage package
    • Christmas Theming
    • Access to betting and bookmaking facilities
    • Race book
    • Complimentary parking
    • Complimentary travel to and from Rosehill Gardens on Sydney train, ferry and bus services

    Contact ATC to book today!

    E: hospitality@theATC.com.au

    P: 1300 729 668

    W: www.theATC.com.au

  • 09-Nov-2018 15:16 | Tracy Dawson (Administrator)

    The Treasury Laws Amendment (2018 Measures No. 3) Act 2018 (Cth) has introduced new tougher penalties for companies and individuals who breach certain provisions of the Australian Consumer Law (ACL).

    What are the new penalties for companies?

    The new maximum penalty for companies is the greater of:

    • $10 million; or
    • 3 times the value of the benefit directly or indirectly obtained by the company (and any related companies) which is reasonably attributable to the offence; or
    • if the value of the benefit cannot be determined, 10% of the annual turnover of the company (and any related companies) for the 12 month period leading up to the commission of the offence.

    Previously, the maximum penalty for companies was $1.1 million.

    What are the new penalties for individuals?

    The new maximum penalty for individuals is $500,000 (up from the previous maximum of $220,000).

    Multiple Penalties

    The maximum penalties will apply to each contravention, so companies and individuals could potentially face massive fines if they commit multiple contraventions of the ACL.

    When do the changes commence?

    The changes came into effect on 1 September 2018 but do not apply retrospectively.

    Which aspects of the ACL do the new penalties apply to?

    The new penalties apply to breaches of certain provisions of the ACL including:

    • unconscionable conduct
    • false or misleading representations about goods or services or the sale of land
    • misleading conduct relating to employment
    • misleading conduct as to the nature, characteristics and suitability of goods or services
    • bait advertising
    • misleading representations about certain business activities
    • pyramid schemes
    • supplies of goods or services that fail to meet safety standards
    • supplies of banned goods or services
    • non-compliance with product recalls
    • supplies of goods or services that do not comply with information standards

    What is the rationale for the changes?

    The penalties were increased to bring them into line with penalties for breaches of competition law. ACCC Chairman Rod Sims stated in a press release that the new penalties were designed to:

    • “hit the bottom line so they are not simply seen as the cost of doing business”
    • “be high enough to be noticed by boards and senior managers so that compliance with the law is a high priority”
    • “deter large companies from breaching consumer laws”

    Given the current climate and community outrage over revelations from the Banking Royal Commission, it is likely there will be an increased focus by the ACCC on protecting the rights of consumers across many industries.

    Takeaways

    In summary:

    • businesses should be mindful of the heavy fines that apply to breaches of the ACL
    • businesses should expect the ACCC to more aggressively pursue breaches of consumer law
    • large companies could potentially face fines in the billions of dollars if they are fined at the rate of 10% of the annual turnover of their corporate group

    More Information

    Please contact our commercial law team at Matthews Folbigg Lawyers on 9635 7966 if you require legal advice on the ACL or any other commercial issue relating to your business.


  • 09-Nov-2018 13:53 | Tracy Dawson (Administrator)


    What one thing could transform trust and loyalty in your business?

    The business benefits of a clear, inspiring sense of purpose are well documented. It gives every person in your organisation clarity and confidence, and a compelling reason to come to work every day. And that leads to higher engagement, productivity and retention.

    Given the vast majority of employees globally are unsatisfied with their work or simply don’t care according to Gallup’s annual poll (as many as 85 per cent in 20171) – this can significantly impact internal collaboration, as well as customer experience.

    But how do you find your ‘why’? If you’ve ever tried to articulate it, you’ll know it’s not as simple as it sounds.

    We were fortunate to hear from Start With Why’s David Mead at Macquarie’s Perspective event. Over 400 business leaders gathered in Sydney to hear new perspectives on why purpose matters – and what it could mean to the future of your business.

    Click here to read the full article.


    Macquarie has been providing Business Banking solutions for over 30 years and provides SME clients with tools and strategies to grow and develop their business. You can get regular updates by subscribing to the monthly newsletter, Strictly Business by visiting macquarie.com/au/business-banking. If you would like to find out more about how Macquarie can support you to take your business further, call us at our Parramatta office on 0417 518 724 and be connected with one of our banking specialists in your region.

    This information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (“Macquarie”) for general information purposes only. This information does not constitute advice. Opinions expressed are subject to change without notice. No member of Macquarie accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this information.

  • 17-Oct-2018 11:27 | Tracy Dawson (Administrator)

    Summer is coming and the HSBC Sydney 7s is back with hospitality packages now available and selling fast!

    Hosted for the first time at Spotless Stadium between 1st and 3rd February 2019, click below to see the details of our packages.

    To enquire: Call 1800 619 181 or email hospitality@rugby.com.au

    To book: Return the BOOKING FORM to hospitality@rugby.com.au


    SINGLE FIN SKYDECK

    $99 per person

    See Inclusions

    7s SOCIAL CLUB

    $549 per person

    See Inclusions

    PRIVATE SUITES

    $649 per person

    See Inclusions



  • 16-Oct-2018 18:11 | Tracy Dawson (Administrator)

    A celebration of Indigenous culture and reconciliation was on display on Saturday night at an historic event to mark the handover of government land by Landcom to Dharug Strategic Management Group.

    Landcom acquired land in the 1980s to provide more than 3,000 new homes in Oakhurst and Hassall Grove, and part of the purchase included a six hectare site that contained remnants of the former Blacktown Native Institution.

    Click here to read more.



  • 16-Oct-2018 18:10 | Tracy Dawson (Administrator)


  • 16-Oct-2018 18:04 | Tracy Dawson (Administrator)

    Commuters travelling through North Ryde will have an easier journey, following the completion of a $15 million widening and upgrade of Delhi Road between the Hills M2 and Lane Cove National Park.

    The new 950 metre-long eastbound lane was funded and managed by Landcom on behalf of Roads and Maritime Services.

    Click here to read more.


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