ABS retail figures show stable period for July 2017

The Australian Bureau of Statistics (ABS) retail trade figures for July 2017 released earlier today show a stable start for the industry in the second-half of the year. For the month of July, the trend estimate for Australian turnover rose by 0.3 per cent, closely in line with 0.4 per cent increases recorded in May […]

Retail Figures Remain Steady According to ABS Stats for May

The Australian Bureau of Statistics (ABS) retail trade figures for May 2017 has shown a steady rise of 0.6% turnover, seasonally adjusted. NRA CEO Dominique Lamb said that while retail was experiencing a quiet period, the industry remains in steady shape and should continue to pick up following the introduction of reduced Sunday Penalty Rates. […]

Message from the CEO: 9 May 2017

The Reserve Bank of Australia (RBA) again kept interest rates on hold at an historic low of 1.5 per cent last week. The RBA Governor, Phillip Lowe, confirmed that inflation was beginning to move in line with expectations, meaning that spending is gradually picking up throughout the economy. This resulted in the Australian Dollar increasing […]

New Australian $10 Note

new 10 dollar note australia

The Reserve Bank of Australia (RBA) has revealed the design of a new, state-of-the-art $10 bill, due to be released in September. The prime reason for the introduction of the new bill is to guard against counterfeit money, with the RBA steadily upgrading all cash notes in a bid to fight fraud. The NRA supports […]

Businesses warned to be wary of counterfeit cash

UPDATE: In the last 24 hours, the National Retail Association has heard from members right across Australia, not just Queensland, with sightings of counterfeit $50 and $100 notes in Victoria and New South Wales. We urge all retailers to inform your staff, read our tips below, and to inform your local police or Crimestoppers should […]