Business Update – 22 February 2023

Business Update – 22 February 2023

Business Update

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

What to do if you can no longer afford your mortgage

As rates continue to rise, many Australians find themselves unable to make payments on their home. Learn what to do if your mortgage payment obligations are becoming impossible to meet.

Woolworths expands controversial surveillance tool

Woolworths is expanding the rollout of a controversial AI technology that helps reduce misscans at self-serve checkouts at more stores in NSW, Victoria and Queensland.

Changes coming to superannuation rules

Treasurer Jim Chalmers is proposing an “end to the super wars” with a new law that would see an end to early access to funds.

No more SMS two-factor authentication on Twitter unless you pay

Twitter warned non-Twitter Blue users using SMS 2FA authentication that they have 30 days to switch to another 2FA method. Find out how to keep your account secure here.

Everyone’s scrambling to get on board with AI

With the release of ChatGPT in November, it seems that everyone’s talking about the potential of AI. Everyone from students to CEOs is trying to keep up as we figure out how this new technology fits into our lives.

Meta follows in the footsteps of Twitter

Mark Zuckerburg announced that Meta is launching a pay-for-verification subscription service called Meta Verified for Facebook and Instagram, much like Twitter Blue. The launch begins in Australia and New Zealand this week, with more countries to follow.

Faster internet is on the way

Millions of Australians will benefit from the government’s $2.4 billion funding boost to the NBN.

ATO seeks to boost the use of eInvoicing

eInvoicing is a digital system that allows businesses to send and receive invoices through their accounting software, eliminating the need for physical documents, scanned papers, or PDFs. However, less than 1% of businesses have adopted it.

Get in touch

Contact us if you have any questions or want to discuss the next steps for your business.

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