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.