Australian economy stories
Cybersecurity and skills gaps are leaving many mid-sized firms unable to turn AI investment into stronger profits or revenue growth.
British small businesses may cut card processing costs as Zeller enters a crowded market with more than 100 early UK sign-ups.
Australian sole traders are using AI to cut admin time and boost output, with daily or weekly use now at 41 per cent, Hnry found.
Momentum stayed firm for Australian small businesses in the March quarter, as sales, jobs and wages all rose despite higher fuel costs.
Social platforms now account for 11% of online sales in Australia, with smaller firms driving a rapid shift to direct digital storefronts.
Yet most Australian mid-sized firms still lack the training and governance needed to turn AI use into broader revenue gains.
Fuel costs have pushed headline prices higher again, leaving the Reserve Bank of Australia under pressure to raise interest rates despite softer underlying inflation.
Easier consent and wider bank access could lift Consumer Data Right use to more than 18 million Australians by 2035, the modelling says.
Fewer Australian scam reports still cost victims more in 2025, with total losses climbing to AUD $295.4 million and phishing damage surging.
Forecasts may overstate Australia’s data centre build-out unless early-stage projects secure finance, approvals and power connections.
Rising software costs and tighter scrutiny are pushing Australian builders to prioritise control of project data over collaboration features.
Flexibility is emerging as a bigger draw than pay in construction and engineering, as firms battle shortages and retention pressures.
Australian exporters gain a real-time cash-flow boost as PayTo lets them top up World Accounts instantly, even on holidays.
The shortlist comes as the sector weighs new rules on payments, scams and data rights, with 160 finalists vying across 22 categories.
Geopolitical turmoil has pushed Australian firms to lock in currency cover, with exporters hedging 86 per cent of exposure and importers 80 per cent.
AI adoption is widening a gap among Australian SMEs, with users growing 2.8 times faster and many others still holding back.
Many firms could struggle to survive owners’ retirement, as most lack a documented handover plan and depend on the founder’s reputation.
Employers are rewarding office presence with higher salaries and bonuses as hybrid staff risk falling behind on pay and progression.
Nearly half of Australian SMEs still avoid AI, but uptake is rising as firms use it mainly to cut admin and save time.
Older staff are holding back AI adoption at work, with trust among 55 to 64-year-olds far below that of 18 to 24-year-olds in Australia.