Having completed our Small Business Bank Loans Inquiry Report late last year, we will be actively working with the finance sector and ASIC to implement the changes we believe are necessary to restore balance between banks and their small business borrowers, including compliance with unfair contract term laws, along with ensuring a low-cost dispute resolution mechanism is put in place to deal with the past, present and future claims of small-business mistreatment by their bank lender.
Key Takeaways:
- Australian Small Business and Family Enterprise Ombudsman (ASBFEO) created an agenda for 2017 to help governments provide support for small businesses
- Australian Small Business and Family Enterprise Ombudsman (ASBFEO) will work in 2017 to restore balance between banks and small business borrowers
- Australian Small Business and Family Enterprise Ombudsman (ASBFEO) created a small business statistics report to provide information to address the items on their agenda
“While holding governments to account on their small-business proposals and promises, Carnell said the ASBFEO also has a packed agenda of its own for 2017.”
https://insidesmallbusiness.com.au/planning-management/less-talk-more-small-business-action-in-2017
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