A recent Australian Bureau of Statistics (ABS) survey found that 46.9% of businesses surveyed used some kind of restraint clause, including for workers in non-executive roles. The survey also found 20.8% of businesses use non-compete clauses for at least some of their staff and 68.2% for more than three-quarters of their employees.
Over the last 30 years, Australia has seen a decline in job mobility. Australia is not alone in this and other advanced economies have
experienced the same issue. While restraint clauses are not the only factor contributing to the decline – an ageing population and a rise in
post-pandemic market concentration in some industries has also contributed, it is specifically the role of restraints that is the focus of
the Competition Review issues paper (submissions close 31 May 2024).
From an economic perspective, declining job mobility impacts wage growth and innovation as restraints prevent access to skilled workers
within the economy. Productivity is a key concern as Australia’s productivity has declined in the last 20 years.
The review states that, “The direct consequence of a non-compete clause is that it hinders competition among businesses: it disincentivises
workers from leaving their current job, creating a barrier to the entry of new businesses and the expansion of existing businesses.”
For business however, this is the point - restricting the knowledge developed by a worker during their employment from benefiting a
competitor, limiting the likelihood of a ‘mass exodus’ of key workers from the business to a competitor, preventing clients from employing
key workers, and protecting the value of the business by preventing employees from walking away with customers that were hard won, at a
cost, by the business.
However, the impact of restraints appears to be a psychological deterrent given that most are not contested. Of the 115 matters relating to
restraints of trade between 2020 and 2023 dealt with by Legal Aid NSW, only one business commenced proceedings in court against a former
worker. And, a further study indicates that where employers seek legal redress in the courts, they are more likely than not to fail.
The international trend is to either ban restraints for workers under a certain income level and time limit restraints for higher paid
workers, or to limit the duration of restraints generally but specify a level of compensation to the worker for the restraint period.
| Non-compete clauses | prevent workers from joining a competitor or starting a new business in competition with their current employer for a period of time. |
| Non-solicitation clauses | prevent workers from soliciting former customers and co-workers. |
| Non-disclosure clauses | prevent workers from disclosing confidential information relating to their employment. |
We'd love to help you experience life with greater choice.
After overwhelming demand and sold-out sessions in Perth, Brisbane, Sydney, Melbourne and Mornington in 2025, we’re inviting expressions of interest for 2026. If you missed out earlier or are ready to dive into hands-on automation training, we’re considering additional sessions in various locations across Australia in 2026.
LIVE 2-DAY COURSE - MELBOURNE CBD
15 & 16 December 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance
professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and
optimise VBA scripts, and deploy robust automation solutions independently.
LIVE 2-DAY COURSE - SYDNEY
11 & 12 December 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance
professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and
optimise VBA scripts, and deploy robust automation solutions independently.
LIVE 2-DAY COURSE - ADELAIDE CBD
8 & 9 December 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance
professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and
optimise VBA scripts, and deploy robust automation solutions independently.
Running a small business has always been personal. Every sale, every setback, every sleepless night - it all comes back to the same person: the owner.
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Smart Private Wealth is proud to announce that Founding Director, Shannon Smit, has been recognised in the 2025 FS Power50, Financial Standard’s annual list of the 50 most influential financial advisers in Australia.
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What happens when a trusted employee of 15+ years claims they’re owed over $20K in backpay? For one small business owner, it meant stress, legal letters — and a powerful reminder of why investing in the right accounting and bookkeeping partner pays off.
Regional Australia remains an attractive option for capital city residents, with 26 per cent more people relocating to regional areas.
Running a business is rewarding—but it also brings financial challenges. Whether you’re facing a shortage of cash during slower months or reveling in a boom and worried about the tax bill that follows, one thing remains constant: you need a clear plan.
Traditionally, a 20% deposit is considered the safe minimum by lenders because it reduces their risk. Borrowers with less than 20% usually need to pay Lenders Mortgage Insurance (LMI).
Learn how expert business consulting can improve cashflow, profit and team performance, and how Smart turns strategy into sustainable success.
The scheme enables eligible buyers to purchase a home with as little as a 5% deposit, while avoiding lenders’ mortgage insurance (LMI).
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When this Australian manufacturer of retail products first came to us, they were in trouble. The financials showed a loss exceeding $300,000. Despite healthy sales activity and a reat product, profit was nowhere to be found.
According to latest Asia-Pacific Data Centre report, Melbourne's live IT capacity has reached 337.1MW, marking a 25.4% year-on-year increase.
New research shows that four of Australia’s six major capital cities have recorded substantial improvements in their CBD retail vacancy rates over the past year.
Australia's commercial property market has delivered strong evidence of a recovery with total returns surging to 4.94 per cent in Q2 2025.
There’s a quiet shift happening within the ATO, and it’s catching a lot of businesses off guard. The ATO is using its newly enhanced Risk Engine, now powered by artificial intelligence, to comb through business financials with greater speed, accuracy, and scrutiny than ever before.
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LIVE 2-DAY COURSE - MORNINGTON
29 & 30 September 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals,
bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA
scripts, and deploy robust automation solutions independently.
SOLD OUT - LIVE 2-DAY COURSE - SYDNEY
25 & 26 September 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals,
bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA
scripts, and deploy robust automation solutions independently.
Smart Private Wealth, part of the Smart Business Solutions Group, has been honoured as a recipient of the prestigious 2025 Barry Lambert Award, recognising exceptional community fundraising and volunteer work within the Count Financial network.
Shannon Smit, Founding Director of Smart Private Wealth, has been awarded the prestigious Excellence in Innovation award at the 2025 Count Financial Awards, recognising her ground-breaking leadership in transforming how financial advice and professional services are delivered in Australia.
SMART Business Solutions has been named a finalist in the 2025 Mornington Peninsula Business Excellence Awards in the Excellence in Local Community Connection category.
Over the past 18 months, payroll tax has become one of the most talked-about issues in healthcare accounting. For Victorian general practitioners, specialists, and practice owners, the recent changes introduced by the State Revenue Office (SRO) carry significant implications—both financial and operational.
LIMITED SPACES REMAIN - LIVE 2-DAY COURSE - MORNINGTON
10 & 11 September 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance
professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and
optimise VBA scripts, and deploy robust automation solutions independently.
SOLD OUT - LIVE 2-DAY COURSE - BRISBANE
8 & 9 September 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals,
bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA
scripts, and deploy robust automation solutions independently.
Thanks to improvements in living standards, medicine and technology, Australians are living longer than ever before – driving a demographic shift that investors can’t afford to ignore.
Passive investment funds have become a familiar feature in the portfolios of many investors around the world. However, as geopolitical uncertainty upends investment markets, actively managed investments may offer the flexibility needed to protect and grow investors’ savings through the storm.
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LIVE 2-DAY COURSE - PERTH
18 & 19 August 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals,
bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA
scripts, and deploy robust automation solutions independently.
WEBINAR - Recording
The best retirements are those planned well in advance. Because when it comes to designing the life you want, age should never be a limit.
In this expert-led webinar, we’ll walk you through the essential strategies to help you create a financially secure and fulfilling
retirement - on your terms.
Running a small business has always been personal. Every sale, every setback, every sleepless night - it all comes back to the same person: the owner.
A staggering 93% of small business owners reported higher costs this year, while 64% saw profits fall. Taxes, wages, and insurance top the list of pressures, with taxes ranked as the number one cost by half of respondents of a recent report.
Australia’s small business sector has always been defined by its resilience - but the latest Council of Small Business Organisations Australia (COSBOA) and CommBank Small Business Perspectives Report 2025 shows that resilience is being tested like never before.