{"id":6682,"date":"2024-03-12T04:52:31","date_gmt":"2024-03-11T20:52:31","guid":{"rendered":"https:\/\/what.net.au\/?p=6682"},"modified":"2024-03-15T11:48:45","modified_gmt":"2024-03-15T03:48:45","slug":"business-update-13-march-2024","status":"publish","type":"post","link":"https:\/\/what.net.au\/business-update-13-march-2024\/","title":{"rendered":"Business Update \u2013 13 March 2024"},"content":{"rendered":"

Welcome to our Weekly Digest \u2013 stay in the know with some recent news updates relevant to business and the economy.<\/p>\n

Australian economy grows \u2018a little but not a lot\u2019<\/h2>\n

Australia\u2019s\u00a0economy grew by 0.2 per cent<\/a> in the December quarter, the smallest increase in more than a year but one that nonetheless pushed the nation to nine successive quarters of growth.<\/p>\n

Almost 1 million Australians are working at least two jobs as cost-of-living pressures bite<\/h2>\n

Almost 1 million Australians are working at least two jobs as many workers struggle to meet cost-of-living pressures amid rising underemployment. The latest figures from the Australian Bureau of Statistics<\/a> released on Friday show 970,700 people held multiple jobs in December 2023, up from 957,100 three months earlier.<\/p>\n

Stronger ASEAN business engagement critical to Australia\u2019s future economic prosperity<\/h2>\n

The Business Council is calling for a greater level of investment and collaboration between Southeast Asian countries<\/a>, to boost economic growth, as regional business leaders meet in Melbourne to take part in ASEAN.<\/p>\n

Cost of living and digital economy shape 2024-25 compliance and enforcement priorities<\/h2>\n

Consumer and competition issues in the supermarket sector and essential services including electricity and financial services are among the ACCC\u2019s compliance and enforcement priorities<\/a> for the year ahead, ACCC Chair Gina Cass-Gottlieb announced.<\/p>\n

Australia\u2019s LNG shipments slump for the first time in years<\/h2>\n

An eight-year growth streak for Australian liquefied gas exports that turned the nation into one of the world\u2019s biggest shippers of the fossil fuel has come to an end as production fell last year for the first time since 2015<\/a>.<\/p>\n

Australian bank closes 45 branches to become digital only<\/h2>\n

Bankwest will become a digital-only bank, closing 45 branches in Western Australia<\/a> and transitioning 15 to Commonwealth Bank of Australia (CBA) branches.<\/p>\n

\u2018Force you\u2019: ATO\u2019s warning on business debts<\/h2>\n

After three years of \u201clenient payment terms\u201d, the ATO is back to collecting<\/a> an estimated $50 billion of outstanding tax debts.<\/p>\n

GDP growth slightly below RBA\u2019s forecast<\/h2>\n

The Australian economy has grown just shy of the central bank\u2019s predictions, ABS data has revealed. Australian gross domestic product (GDP) rose by 0.2 per cent during the December quarter (seasonally adjusted, chain volume measure) according to the latest Australian National Accounts data<\/a> released by the Australian Bureau of Statistics (ABS).<\/p>\n

Get in touch<\/h2>\n

Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to our Weekly Digest \u2013 stay in the know with some recent news updates relevant to business and the economy. Australian economy grows \u2018a little but not a lot\u2019 Australia\u2019s\u00a0economy grew by 0.2 per cent in the December quarter, the smallest increase in more than a year but one that nonetheless pushed the nation … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\nBusiness Update \u2013 13 March 2024 - Wongan Hills Accounting & Tax<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/what.net.au\/business-update-13-march-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Update \u2013 13 March 2024 - Wongan Hills Accounting & Tax\" \/>\n<meta property=\"og:description\" content=\"Welcome to our Weekly Digest \u2013 stay in the know with some recent news updates relevant to business and the economy. 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