Daily Bulletin

Business News

  • Written by Peter Strong, CEO of COSBOA



The Council of Small Business Australia (COSBOA) today congratulated the Chairman of the ACCC Rod Sims on again showing the mettle to confront the appalling behaviour of dominant businesses and taking them to court.

 

The ACCC has taken action against Woolworths for unconscionable conduct and the mistreatment of suppliers. This follows similar successful action taken in 2014 against Coles.

 

Peter Strong, CEO of COSBOA, stated: “the recent Innovation Statement from Malcolm Turnbull and Christopher Pyne will become hollow unless we as a nation can confront and defeat the enemies of innovation and the parasites of the business community, Wesfarmers and Woolworths.

 

“We need to give the regulator the power required to ensure this behaviour is stopped before it has time to cause greater damage and that can be achieved by strengthening Section 46 of the Competition and Consumer Act.  What is called ‘the effects test’ must be introduced with more rigor than what the Harper Report has recommended,” concluded Mr Strong.

 

COSBOA knows that individuals are suffering from this behaviour, people’s health is affected and ultimately Australian consumers suffer as retail diversity is removed. Due to the bullying by a very few big businesses the nation’s productivity is declining further as suppliers are inhibited from growth.

 

Peter Strong added: “This action shows again what COSBOA, its members and many others have said for decades, the behaviour of the duopoly is destroying businesses, people and productivity. The fact that Australia finally has an ACCC that does its job and doesn’t tug the forelock to big business is a godsend to innovation.”

 

Mr Strong concluded, “COSBOA will hold round table discussions on section 46 early in the new year. We assure our members and the small business community that we will be firm, and where necessary very aggressive, to get fairness in place. We will match the bullying behaviour of these appalling companies with our own aggression and we will confront their misinformation with facts. Enough is enough.”

1. The Council of Small Business Australia (COSBOA) was founded in 1979 and was incorporated in 1985.

 

2. COSBOA is Australia’s peak body exclusively representing the interests of small businesses.

 

 

3. For more information on COSBOA visit: http://www.cosboa.org.au/

 

4. Connect through social media channels:
Facebook: /COSBOA
Twitter: @COSBOA

 

5. COSBOA is a long-time advocate of small business on issues from taxation and workplace relations, through to competition law and retail tenancy.

 

6. The goals of COSBOA are to promote and support the development of small businesses in Australia and the council recognises that it is a national imperative for Australia that the needs of small business are on the national policy agenda.

Advice For Running A New Business

Taking on the responsibility of running a new business can be extremely satisfying and also very nerve-wracking all at the same time. Officially opening up for business and starting to sell your pro...

News Company - avatar News Company

Essential Tips for Successfully Shipping Products to Indonesia

As an Australian business owner who has their sights set on expanding operations this year, it makes sense to look into the potential for tapping into the Indonesian market. With a vibrant economy, ...

Toby Edwards - avatar Toby Edwards

Awesome Design Ideas for Small Home Offices

Have you been feeling down lately or as if you’re stuck in a rut? Perhaps every day looks the same and you’re having a bit of a Groundhog Day period in life. This doesn’t mean you need to turn your ...

Diana Smith - avatar Diana Smith

Small biz backlash against Shorten's wage theft crackdown

Why are politicians creating fear in the SMALL business community? As reported in the Australian Financial Review today, Bill Shorten has promised to establish a new jurisdiction to sit alongside the...

Michael Wilkinson from Employsure - avatar Michael Wilkinson from Employsure

Surviving Your First Year as a Startup

Nine out of ten startups will fail. And as if this wasn’t enough, many of them will fail within their first year. No matter how scary these stats may seem, they shouldn’t stop you from taking your...

Diana Smith - avatar Diana Smith

How to optimise business packaging for your consumers

In 2008, Amazon launched its Frustration Free Packaging (FFP), a programme which encouraged the use of 100% recyclable, easy to open products which were suitable to be shipped in their original pack...

News Company - avatar News Company


The Conversation

Politics

Paul Murray interview with Scott Morrison

PAUL MURRAY: Prime Minister congratulations. PRIME MINISTER: Thanks Paul, it's great to be back at work. MURRAY: And that's it – straight in, straight away, no days off, you’re back here. Why did yo...

Paul Murray - avatar Paul Murray

Scott Morrison interview with Alan Jones

ALAN JONES: The Prime Minister of Australia, good morning to you. I don’t know what to say to you, is congratulations enough? PRIME MINISTER: It's a very humbling thing Alan. As you know for anyone...

Alan Jones - avatar Alan Jones

MORRISON GOVERNMENT BACKS IN MILTON-ULLADULLA BYPASS

The Milton-Ulladulla Bypass will be the first project funded as part of the Morrison Government’s $500 million commitment to the Princes Highway in New South Wales.   The Bypass will significantly...

News Company - avatar News Company

Travel

Top 3 Reasons to Visit a Wellness Retreat in Bali

If you’re looking for beauty, relaxation and recuperation, Bali could be the destination for you. In fact, it’s so magical, it’s known as the Island of the Gods. Just looking at its crystal clear wa...

News Company - avatar News Company

7 Ultimate Things to do in Australia

Australia is a beautiful and great tourist destination. It rightfully fits the description of an adventure playground being home to a wide variety of activities and attractions for all ages and ta...

News Company - avatar News Company

5 of the Best Tours and Trips in Australia

If you are visiting Australia either for a holiday or a travelling experience, expect to be slightly overwhelmed with just how big the country is. Australia itself is almost the size of Europe, fill...

News Company - avatar News Company

ShowPo