How does insurance actually work?

An insurance company is defined as a business that provides its clients with financial protection in case of an accident or an unforeseen event, such as the loss or damage of something. Our homes, our cars, our businesses, even our lives can be insured. But have you ever really stopped to think about how insurance…

NIBA launches broker guide to key market

NIBA has announced the launch of a guide for at-risk communities, designed to help them better understand strata insurance. The consumer guide aims to help strata committees and unit owners a better understanding of the sometimes complex coverage and gives brokers a way of providing accessible advice to those at risk. Acting NIBA CEO, Linda…

Fuel Tax Credit Rate Increase

As a result of fuel tax indexation, the fuel tax credit rate for fuel purchased for on-road use in eligible heavy vehicles increased from 12.76 cents per litre to 13.06 cents per litre on 1 August 2015. The fuel tax credit rate for powering auxiliary equipment also increased, from 38.9 cents per litre to 39.2…

Government extends freeze on trucking fuel tax

Government extends freeze on trucking fuel tax

Australia’s 49,000 trucking operators, including 45,000 small businesses, will all benefit from the Government’s decision to extend its current freeze on the rate of fuel tax they pay. The Deputy Prime Minister and Minister for Infrastructure and Regional Development, Warren Truss, announced the decision yesterday. Trucking businesses currently pay 26.14 cents per litre in fuel…

ACCC in cyber risk warning

ACCC in cyber risk warning

The Australian Competition and Consumer Commission (ACCC) has warned small businesses to watch their online habits in the wake of increased cyber risk activity. With Fraud Week underway, the ACCC has released its annual study into the latest scams affecting Australian businesses entitled The Targeting Scams Report and has found that the online threat to…