Sunday 14 July 2013

Odd Spots

Are exports really so important to Australia?
Exports represent around 21% of Australia’s GDP which is significant but not as significant as most other countries in the OECD. For instance, New Zealand exports more than Australia, relative to GDP. The only two countries to export less than Australia (relative to GDP) are the USA and Japan.

Restaurants & Cafes Get Less Red Tape.
Australian Consumer Laws required cafes and restaurants to show different fully priced menus on surcharge days. Owners complained that this required an unreasonable inconvenience for small business when compared with the old system of identifying percentage surcharges on standard menus. A bill has now passed parliament giving cafes & restaurants exemption from providing separate menus.