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AgQuip, the premier Field Days for agriculture operators, is on 19-21 August in Gunnedah, with agribusinesses urged to pre-arrange loans to order at the event. This annual showcase of new innovation, popular and emerging brands of machinery, systems and services is a must-attend for many in the agri industry. Providing the opportunity to catch-up and network with others and see first-hand what new developments are available to assist in boosting your productivity and profitability. Meet with representatives from brands like Deere and Case and get across what’s new at the innovation hub. Compare your options by seeing demonstrations and save your valuable time by placing your order then and there. Order on the day and have that essential machinery working in your operation sooner. We support businesses of all sizes and types to be ready to place orders at AgQuip with our pre-approved finance service. Approval on loans ahead of purchase is available for machinery and equipment as well as... Read More

A number of 1 July changes have come into effect which will impact many businesses in regard to wages, government fees, ATO interest charges and other costs. EOFY, tax time and the start of the new financial year is a busy time for many businesses and many owners may not be fully aware of what has changed with their obligations. If that is you, it’s time to get across the detail and ensure your business is fully compliant. Changes to the National Minimum Wage, superannuation, business registration fees and some business reporting obligations have been introduced nationally. These changes could impact your business costs, budgeting and cash flow. If so, support through a range of commercial loans is available. On a positive note, there are changes to energy rebates for small businesses and Victoria has eased cost pressures with lifting the threshold for payroll tax. We outline what has changed and how we support businesses struggling to meet their commitments... Read More

ATO debt interest changes start on 1 July 2025 with shortfall interest charges on income tax and general interest charges to the ATO no longer tax deductible. From the start of the new financial year, interest on repayments to the ATO, depending on when remitted and incurred, will not be treated as eligible tax deductions. Instead of being able to deduct these outgoings from pre-tax income, the costs will need to come from the bottom line – from income on which tax has been paid. This is an important change to the business tax laws and one which may be of significance to many operators. The announcement of the change was made in the 2023/24 MYEFO – the Federal Government’s Mid-Year Economic and Fiscal Outlook but is now due to come into effect from the start of the 2025/2026 financial year. Businesses have an expectation that their operational costs including interest charges will be deductible. Many count on it. This... Read More

Commercial Kitchen Show, part of Food and Hospitality Week, Melbourne 18-20 May, showcases equipment, machines, systems and tech for the hospitality industry. This 3-day event brings four shows together into the one event. Providing the opportunity for caterers, restaurants, pubs, clubs, café, food processors, and takeaway outlets with a comprehensive showcase of what’s on offer across the sector. The event will include the Commercial Kitchen Show, the Foodservice Australia Show, Pizza Pasta and Italian Food Show, and the Restaurant Technology Show. Each focussing on a specific area and combined, providing broad-based coverage of the equipment needs across the industry. The event includes exhibitor stands with machines, equipment and systems, as well as conference sessions and a number of social events. For convenience, visitors can register for a ticket that includes entry to all four shows. The event will be held at Melbourne’s Convention and Exhibition Centre from 18 through to 20 May. Visitors can see many new innovations across various... Read More

The RBA interest rate decision for 1 April was to keep the cash rate on hold at 4.1% which was in line with the expectations of the financial markets. While there was only a slim chance of a rate cut in April, this meeting was of special interest as the first meeting of the newly installed advisory committee on monetary policy. The new group established as an outcome of the Reserve Bank Review, to make decisions on monetary policy. While separate from the Reserve Bank Board, the committee does include several Board members including the RBA Governor, Michelle Bullock. Other issues which made this meeting of interest were the timing with the recent Federal Budget and coinciding with the Federal Election campaign where both major parties are campaigning primarily on cost of living. In addition, the meeting occurred just a day ahead of the US Administration announcing its next round of tariffs which are expected to impact Australian exports to... Read More

The RBA interest rate cut in February is expected to be reflected in lender rates on commercial loans with specific rates varying with individual lenders. While the decision to cut rates was highly expected and most lenders passed on the cut to home mortgage holders promptly, a different scenario exists in the commercial lending sector. The commercial loan sector operates differently from the mortgage and consumer credit sectors. Commercial loans – finance for businesses, is a vast and diverse market and is not as closely regulated as consumer credit. The Reserve Bank (RBA) decision possibly leaving businesses with continuing challenges navigating the market to find their best rate and their most suitable lender. As specialists in commercial lending, we assist businesses to better understand the current scenario with an elaboration of the RBA’s February decision, possible outcomes from changes to how rates are set, and how operators can more easily secure affordable financing. Reserve Bank February Interest Rate Cut The... Read More