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Australian Supplier Payment Code: An initiative for large businesses to sign up and a fair and competitive trading environment for Victorian small businesses. 27 Nov 2015 In fact, according to the Australian Bureau of Statistics, there are 2.1 million actively trading businesses in the country, with 97 per cent having 7 May 2019 To put these numbers into perspective, 61 per cent of Australian businesses by number are sole traders who don't have employees. Having 1 to 4
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Under-capitalization is the main reason for small business failure. For information on incentives and grants, you can contact the Australian trade commision:
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