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Small business director essentials

Learning and support resources

If you run a business in Australia, there are many free resources and support services that can help you.

ASIC resources

ASIC free online educational modules

ASIC has developed a range of educational modules to help you understand and apply key obligations and requirements in the Corporations Act 2001.

Company director short videos

ASIC has produced a series of short videos to help explain important information about becoming a director and acting early when a company is facing financial difficulty.

Sustainability reporting

ASIC provides useful information about Australia’s mandatory sustainability reporting requirements and what they mean for small business.

Sustainability reporting for small business

Loan and credit contracts

When you sign a contract for a business loan or credit, you should check the terms to make sure they are fair.

ASIC has published an information sheet that explains how the law protects small businesses from unfair terms in contracts for financial products and services. It also outlines what small businesses can do if they think a contract term is unfair:

Information sheet 211 Unfair contract term protections for small businesses (INFO 211)

Moneysmart for businesses

ASIC's Moneysmart provides free and independent financial information and tools to help consumers and investors, including business owners and self-employed people, manage their money.

Money management content that can help people in business or for those who are self-employed include:

Tools available for people in business include:

Business owners can also help their staff by directing them to the money management resources and information available on Moneysmart. For example, information about budgeting, saving and superannuation.

Latest ASIC news

Stay informed about ASIC updates, newsletters and regulatory information relevant to small businesses, companies and company directors.

Other related resources

Tax and super

The Australian Taxation Office (ATO) provides practical resources to help small business owners understand and meet their tax and super obligations, including guidance on record keeping, lodgement, payment, and upcoming changes such as Payday Super.

Resources include the annual Tax Time Toolkit, small business benchmarks, checklists, and more than 30 free online courses designed to build business and tax knowledge.

Competition and consumer laws

The Australian Competition Commissioner (ACCC) provides guidance and tools to help small businesses comply with Australia's competition and consumer laws, including information on fair trading, consumer guarantees, unfair contract terms, franchising and industry codes.

Small business | ACCC

Complaints about financial firms

The Australian Financial Complaints Authority (AFCA) provides a free, independent dispute resolution service for eligible small businesses with complaints about financial firms, including issues relating to banking, lending, insurance and financial advice.

Small Businesses with a financial complaint | AFCA

Workplace obligations

The Fair Work Ombudsman (FWO) makes it easier for small business employers to access information about their workplace obligations. Their Small Business Showcase has resources, advice and tailored information that covers everything from hiring employees, to calculating pay and resolving issues in the workplace.

Fair Work Ombudsman Small Business Showcase | FWO

Resolving disputes with other businesses or government agencies

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) can help you resolve disputes with other businesses and government agencies. They can:

  • provide you with information to help you resolve a dispute in a timely, low-cost way
  • help you access low-cost legal advice (eligibility criteria apply) and arrange dispute resolution, such as mediation.

For more information, see ASBFEO dispute support.

Financial counselling

The Small Business Debt Helpline provides free advice for small businesses that are having trouble with their finances.

Small Business Debt Helpline

Mental health support

NewAccess for Small Business is a free mental health coaching program run by Beyond Blue. The program helps small business owners and sole traders manage stress and anxiety.

NewAccess for Small Business

For more free resources and services, see business.gov.au’s page on Mental health and wellbeing support for business.

business.gov.au

business.gov.au is a great website to visit if you have questions about starting, running or growing a business in Australia. It provides information about how to set up your finances, improve your cashflow, manage disputes and manage being in debt.

business.gov.au also provides helpful tools and templates, such as a cashflow template, marketing plan template and cyber security checklist.

business.gov.au