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Business News

OMBUDSMAN APPLAUDS CYBER SUPPORT FOR SMALL BUSINESS

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New support announced today by the Australian Government to help small businesses combat cyber attacks is extremely welcome

OMBUDSMAN APPLAUDS CYBER SUPPORT FOR SMALL BUSINESS

 

Australian Small Business and Family Enterprise Ombudsman

New support announced today by the Australian Government to help small businesses combat cyber attacks is extremely welcome, says the Australian Small Business and Family Enterprise Ombudsman, Bruce Billson.

“One of the biggest fears a small business has is that they will be targeted and wiped out by a cyber attack and we are pleased our strong advocacy for greater sector-wide support has been heard,” Mr Billson said.

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“The latest chilling report from the Australian Cyber Security Centre is that a cyber attack happens every six minutes and when a small business is hit, on average they suffer a financial loss of $46,000.

“Some never recover from the assault on their operations and their reputation and today’s announcement offers practical help to minimise the chance of being a victim and better prepare small businesses to bounce back.

“These announcements will provide the type of concierge-style support we have advocated for to assist small business to be as prepared as they can be by providing a free check on their readiness and then advice on actual practical steps that can be taken to further strengthen their business.

“This will include one-to-one support in the event of an attack to help a small business rebound and recover.”

Mr Billson said small business would greatly appreciate the two programs announced by Small Business Minister Julie Collins and Cyber Security Minister Clare O’Neil.

Under the announcements, $7.2 million will create a voluntary cyber health check program to allow businesses to undertake a free, tailored self-assessment of their cyber security maturity and determine the strength of their cyber security measures with educational tools and materials they may need to upskill. Those with a high-risk exposure will be able to access a more sophisticated, third-party assessment to provide additional security across national supply chains.

New support announced today by the Australian Government to help small businesses combat cyber attacks is extremely welcome

New support announced today by the Australian Government to help small businesses combat cyber attacks is extremely welcome

A further $11 million will be spent on the Small Business Cyber Resilience Service to provide one-on-one assistance to help small businesses navigate their cyber challenges, including walking them through the steps to recover from a cyber attack.

“Small businesses can’t hope to have the same sophisticated resources and teams of cyber experts as larger companies who still fall victim to ever more sophisticated attacks,” Mr Billson said.

“Small and family businesses are sadly a preferred target for some of the scammers and cyber-criminals and these new programs will give small business greater confidence they are not alone.

“The most prominent type of attack is a cyber-criminal will tap into a small businesses email system, intercept an invoice that’s going out from the business and put in some different bank account details.

“The unsuspecting customer is expecting the bill and probably knows the amount they have to pay so when it arrives they just settle that account.

“However, the money goes to some joker on the other side of the world, is quickly converted into crypto currency and is gone.

“Other attacks involve phishing scams, where a small business receives an email that looks okay, but it allows entry into their digital infrastructure and the criminals demand a payment for to access your own information.”

Mr Billson said there are simple steps a small business can take right now including having multi-factor authentication, sophisticated passwords or pass phrases, making sure not everybody’s got full access to all parts of your technology, having secure backups of critical data and checking with the Cyber Security Centre at www.cyber.gov.au

Mr Billson said that the voluntary cyber health check program, as well as third-party assessments and assistance, should be built into a new right-sized privacy compliance framework for small business, given the government’s decision to remove the small business exemption from the Privacy Act.

“Incorporating cyber-security guidance and Consumer Data Right rules into actionable steps for small businesses to meet their privacy obligations will help protect small businesses, reduce compliance burdens and address priority privacy concerns for individuals,” Mr Billson said.

 

For more business news, click here.

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Business News

Crazy Cow comes to Casino

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Crazy Cow Cafe Casino

Crazy Cow comes to Casino

 

By Samantha Elley

If Kristy Gill had her way, she would cook 24 hours a day, seven days a week.

“I used to advertise on Facebook and made cakes for my friends and family,” she said.

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From there, Kristy opened the Riverview Café in Coraki but when the opportunity came up for her to move her business to Casino, she took it.

And Crazy Cow Café was born.

“I figured it was a good name to suit the beef capital,” she laughed.

After a lot of hard work to get the business up and running, Kristy opened her doors on Tuesday last week.

“We do lots of take home meals for people who don’t have time to cook, so they can take them home and put them in the freezer,” Kristy said.

“We do honey chicken, fried rice, home made lasagne, spaghetti bolognese and sausages and veges.”

Crazy Cow Cafe Casino Cupcakes

Crazy Cow Cafe

The café also serves up hamburgers, chicken wraps, salad sandwiches and all the deep fried favourites.

“We will eventually do pizzas as well,” said Kristy.

“We will be looking into gluten free cooking with our cakes and slices and we have lactose free milk for our coffees.

“We try and cater for everyone.”

With her five youngest kids in Casino Public School, only a walk away, Kristy knows she will have no problems with young helpers in the shop after school.

“My five year old has already asked if he can come and help,” she laughed.

“I hope he continues with that same attitude as he gets older.”

The Crazy Cow Café is located at 117 Barker Street, next to the Commonwealth Bank.

 

For more Casino news, click here.

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2022 Floods

Jewellery Design Centre Launches “Tell Our Stories” to Celebrate Lismore’s History

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Jewellery Design Centre

Jewellery Design Centre Launches “Tell Our Stories” to Celebrate Lismore’s History

 

Advertorial by Daniel Pinkerton

The Lismore Jewel Centre, a beloved fixture in the community, has reopened its doors in the Starcourt Arcade under a new name: Jewellery Design Centre. To celebrate they are launching a heartwarming initiative to commemorate the history and cherished memories of Lismore and the old store.

“Since reopening, we’ve had so many come and tell us how happy they are we’re back and share their fond memories of the old Jewel Centre” says owners Gary and Mariska Pinkerton.

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“We love it, and so we want to invite more people to share their stories with us!”

The old Lismore Jewel Centre now known as Jewellery Design Centre now launches Launches "Tell Our Stories"

The old Lismore Jewel Centre. It will be missed dearly.

The ‘Tell Our Stories’ campaign invites locals to share their personal stories of connection, community and the special jewellery that has played an important role in their lives.

“The stories have played a special role in our lives too,” says Mariska.

“While we were closed after the flood, we did house calls and had customers come visit us at home which put a whole new light on the jewellery experience. All of a sudden the glitz was gone and our appointments were stripped back to just us and our customers. In this setting people naturally began to share their heart felt experiences with us, and we got to know them in a whole new way.”

It was this experience, they explain, that inspired the new Jewellery Design Centre in Lismore’s Starcourt Arcade.

“It’s smaller and not as ritzy as the old Jewel Centre was,” says Gary of the new store, “But for us it captures that feeling we felt when we would sit around dining tables with our customers.”

Jewellery Design Centre Launches "Tell Our Stories"

Just like home- a picture of the new interior’s cosy setting.

Gary and Mariska are now inviting community members to visit the store and share their own memories and experiences, with the chance to win exciting prizes.

Each person who shares their story online or in-store will be entered into a draw to win a $500 voucher, while those who have a piece repaired, remade, or custom-designed during the campaign period will have the opportunity to win a pair of $1,500 diamond earrings.

“We especially want to hear stories about the rich history of Lismore, memories of the old Jewel Centre or touching moments where jewellery has played a special part in your life.”

“More than the prizes, this is about celebrating the stories of the Northern Rivers and the memories that bind us together,” says Mariska.

Jewellery Design Centre Launches "Tell Our Stories"

Entries are open until May 24. For more information about the “Tell Our Stories” giveaway and how to participate, visit the Jewellery Design Centre in the Starcourt Arcade or follow the QR codes below to their social media channels.

 

For more business news, click here.

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Business News

Australian unemployment dropped in March as part-time jobs surged; but this caused an increase in under-employment

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Australian unemployment

Australian unemployment dropped in March as part-time jobs surged; but this caused an increase in under-employment

 

In March 2024, ‘real’ Australian unemployment dropped 78,000 to 1,358,000 (down 0.5% to 8.7% of the workforce) as employment reached an all-time high of over 14.2 million.

However, the composition of the workforce changed – part-time employment surged 295,000 (up 6.1%) to 5,164,000 (a new record high). Unfortunately, there was a substantial decrease in full-time employment, down 256,000 (down 2.7%) to 9,103,000 as the composition of the employment market changed significantly.

The rise in part-time employment was correlated to the increase in under-employment, up 75,000 to 1576,000 (10.1%, up 0.5%). In total a massive 2.93 million Australians (18.8%, unchanged) were unemployed or under-employed in March.

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The March Roy Morgan Unemployment estimates were obtained by surveying an Australia-wide cross section of people aged 14+. A person is classified as unemployed if they are looking for work, no matter when. The ‘real’ unemployment rate is presented as a percentage of the workforce (employed & unemployed).

  • Employment reaches new record high of over 14.2 million in March:

Australian employment increased 39,000 to 14,267,000 in March. Part-time employment drove the increase, up 295,000 (up 6.1%) to a new record high of 5,164,000 while full-time employment dropped 256,000 (down 2.7%) to 9,103,000.

  • Australian Unemployment dropped in March with 78,000 fewer looking for work:

In March 1,358,000 Australians were unemployed (8.7% of the workforce, down 0.5%), a decrease of 78,000 from February driven by fewer people looking for part-time work. There were 763,000 (down 70,000) looking for part-time work and 595,000 (down 8,000) looking for full-time work.

  • Overall unemployment and under-employment was unchanged in March at 18.8%:

In addition to the unemployed, a further 1.58 million Australians (10.1% of the workforce) were under-employed, i.e. working part-time but looking for more work, up 75,000 from February. In total 2.93 million Australians (18.8% of the workforce) were either unemployed or under-employed in March.

  • Comparisons with a year ago show rapidly increasing workforce driving employment growth:

The workforce in March was 15,625,000 (down 39,000 from February, but up a massive 641,000 from a year ago) – comprised of 14,267,000 employed Australians (up 39,000 from a month ago) and 1,358,000 unemployed Australians looking for work (down 78,000).

Although unemployment and under-employment remain high at 2.93 million, there has been a surge in employment over the last year – up by 693,000 to a new record high of 14,267,000.

Australian unemployment

Roy Morgan Unemployment & Under-employment (2019-2024)
Source: Roy Morgan Single Source January 2019 – March 2024. Average monthly interviews 5,000.
Note: Roy Morgan unemployment estimates are actual data while the ABS estimates are seasonally adjusted.

Compared to four years ago in early March 2020, in March 2024 there were almost 800,000 more Australians either unemployed or under-employed (+3.2% points) even though overall employment (14,267,000) is almost 1.4 million higher than it was pre-COVID-19 (12,872,000).

ABS Comparison

Roy Morgan’s unemployment figure of 8.7% is more than double the ABS estimate of 3.7% for February but is approaching the combined ABS unemployment and under-employment figure of 10.3%.

The latest monthly figures from the ABS indicate that the people working fewer hours in February 2024 due to illness, injury or sick leave was 521,700. This is around 140,000 higher than the pre-pandemic average of the five years to February 2019 (382,100) – a difference of 139,600.

If this higher than pre-pandemic average of workers (139,600) is added to the combined ABS unemployment and under-employment figure of 1,533,000 we find a total of 1,673,600 people could be considered unemployed or under-employed, equivalent to 11.3% of the workforce.

 

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