25 November 2021
Of the 2.4 million businesses in Australia, the majority (2.35 million or 98 per cent) are small businesses.
Nearly two-thirds of businesses are sole traders and more than a third employ 1-19 staff. The state with the largest number of SMEs is NSW, with 33% of all SMEs located in NSW.
The industry with the largest number of small businesses is construction (17%) followed by professional, scientific, and technical services (13%) then rental, hiring and real estate services (11%).
Latest news
Australians are set to enjoy more pricing certainty at the checkout as credit and debitcard surcharges are removed from tomorrow. The Reserve Bank of Australia’s (RBA) card surcharge reforms which take effect fromtomorrow will mean: ABA CEO Simon Birmingham said the changes removed a common bugbear forconsumers, who will no longer face an extra fee… Read more »
E&OERadio InterviewInterview on ABC Sydney Drive21 September 2026 Topics: Refinancing and competition in the home loan market; Hardship support Thomas Oriti: Now, have you had to refinance your mortgage, perhaps because of rising interest rates, or maybe something else? Maybe your work situation changed, and you weren’t bringing in as much money. What was that… Read more »
Banks will better detect, prevent and respond to financial abuse under an updated industry guideline released today by the Australian Banking Association. The ABA has brought together separate resources on financial abuse, including elder abuse and family and domestic violence into a single framework, building on existing industry guidance and supporting the financial abuse provisions… Read more »