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Family Business Association News & Articles keep up to date on all news.

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Succession planning: How key person insurance supports transition

Could your business continue if one of your most important people suddenly dropped out of the team due to illness or injury? Family businesses may have informal role structures but whatever your style you need to have a succession plan in place – and the insurance cover that supports it. Are you prepared for the unexpected when it comes to the loss of a key person?

Why the cost of insurance is rising

Your home, contents and motor insurance premiums are likely to increase substantially this year as insurers raise premiums in response to cost pressures. We have already seen some insurance companies implement pricing increases this year and we expect this trend to continue for the remainder of 2023.

Featured News & Articles

Celebrating National Family Business Day

Every September, Australia and New Zealand celebrates National Family Business Day – a day designed to recognise the significant contribution family businesses make to the Australian economy, community and culture. This year, National Family Business Day will take place on Tuesday, 19 September 2023.

Family Business Association appoints Chair and CEO

Family Business Association (FBA) has appointed a new Chair, Angus Kennard and CEO, Catherine Sayer, replacing outgoing Chair, Mark Kagan and Acting CEO, Andrea Moody respectively.

The Family Business Conference 2023 – Wrap up & Key Learnings

Another successful Family Business Conference has come and gone. It was great to see so many attendees connecting and enjoying the wonderful stie visits, events and speakers throughout the conference. We hope everyone who joined us learnt lots and got some invaluable knowledge around legacy building.

Crombie Lockwood’s global insurance expertise for Fix and Fogg's spreading success

Awards from the Wellington business community are a far cry from what started as a ‘weekend hobby’ in 2013. Former lawyers Roman and Andrea Jewell started making jars of their now-famous range of spreads on Friday nights to sell on the weekends at local farmers markets in Wellington...

More zebra, less unicorn: the story of Pronto Software

Chad Gates, Managing Director of Pronto Software, was invited to deliver a welcome address at the recent Family Business Conference 2019. Here are excerpts from his presentation.

ANZ Private Investment Insights

Amidst the volatility that has characterised markets for much of 2022, ANZ Private recently hosted client events across Australia.

Right size, bite size

“There are so many things that can go wrong in a kitchen, and just as quickly as you make money, you can lose it. Having that security blanket in place is super important...

Tribute to Raymond Michell

Raymond together with his wife Rosemary were FBA life members and Raymond was instrumental in the origins of Family Business Australia...

Learn how to improve profit with these basic principles

So you want to improve the profitability of your business but don’t know where to start?

60 seconds with Mimmo Lubrano - CEO of Sandhurst Fine Foods

Here at Brands of Kin we are rather partial to good food, and even more so to a story of a generational family business...

Turning the wheels of our financial systems towards a sustainable future

The Circular Revolution backs the movement towards a circular economy in Aotearoa...

Meeting worker mental wellbeing obligations for employers

The mental health aspect of workplace health and safety is subject to increased focus by regulatory bodies such as Safe Work Australia and the Fair Work Commission. Currently businesses are legally obliged to take all reasonable steps to ensure the health and safety of their employees by eliminating or minimising risks and taking steps to prevent harm to workers. In this article the Gallagher Workplace Risk team provides risk management guidelines for businesses to meet future legislative expectations.

Crombie Lockwood’s expertise helping winemakers conquer the world

Maude Wines owner and winemaker, Dan Dineen, is pragmatic about the various risks commercial winemakers face at every step of the growing, producing and transporting process...

How inflation could affect your insurance claim

Inflation rates are at record highs in developed economies around the world and are not only devaluing the dollar but also potentially...

Do you know who has ultimate control of the income and assets of your family trust?

A family trust can often be the right vehicle to carry on your family business and manage family wealth...

Shaping your legacy - five mistakes to avoid

Would your assets end up in the right hands if you passed away suddenly?

Navigating the new .AU domain and why it matters

Building and maintaining your brand these days can begin and end with your online presence...

Three Ways to Make Others Feel Good When Giving Feedback

If you’re a leader looking for the best ways to give constructive feedback, you’re in good company...

A Great Culture Needs an IT Operational Backbone to Ensure Success

Leaders are the backbone of a family business...

Protect and Preserve

I recently visited and observed a once vibrant and profitable business that had descended into mediocrity...

Confused about enterprise agreements? Give it the BOOT

Something that sets family businesses apart from others is a focus on family values...

2022 winners of the Family Business Excellence Awards

CONGRATULATIONS to the 2022 winners of the Family Business Excellence Awards...

The New Matriarchs

The days of male-line primogeniture (where the eldest son inherits the entire estate) are waning, as a result of generational shifts in attitudes...

Selling a house vs selling a family business

The family business is the greatest financial asset owned by the family and starting a divestment process can be quite daunting...

Property and construction forums reveal huge challenges – and a few bright spots

A recent series of property and construction sector forums hosted by Grant Thornton New Zealand provided insights into some of the biggest talking points across the sector.

The Skills Shortage: Attract & Screen Incredible Talent for your Family Business

More than ever we are in a war for great talent, the uncertainty of the last couple of years has left a lasting impact on the job market, with fewer candidates applying across all industries...

Australia’s Summit for Women in Family Businesses is back for 2022

After a three year hiatus, the Women in Family Business Network (WIFBN) National Conference now called “Elevate Summit” is back on...

NZ’s progress on environment & sustainability: A view from the year 2030

The year is 2030. I’m sitting in my home office in an apartment that’s ironically located in what used to be an office building...

Six generations of sparkle - A 200 year old jewellery dynasty

Few businesses in New Zealand can claim to have as prestigious a history as Partridge Jewellers. Family-operated since the 1800s, with the sixth generation now working in the business, it is a veritable dynasty —a fact that isn’t lost on its current leader, Grant Partridge...

How family business have proved their resilience

Family businesses in Australia have outperformed other organisational models in riding out the disruptions caused by the COVID-19 pandemic, due to...

It’s Not What You Know, It’s What You Can Prove In Court

Small and family business employers may not be aware of stringent record-keeping obligations under the Fair Work Act 2009...

Competitive SA Industry Leaders Fund Scheme Opens 2022 Round!

South Australia’s Industry Leaders Fund has opened its 2022 study grant scheme...

When does the survivor under a mutual will agreement have trustee obligations?

A recent case has provided a detailed analysis of the law on mutual will agreements and its effectiveness as an estate planning tool in modern blended families...

Are You Hindering Your Business Potential Without Knowing IT?

Most owners think they are doing a great job in IT, but in reality, a hidden problem looms silently, until one day it all comes crashing down

Diversifying your investment strategy for changing times

With cash looking set to deliver negative real returns in the years to come, savvy investors are seeking alternative opportunities to achieve diversification and growth within their portfolios...

Sound Governance - It's Not a Choice; It's Essential

Governance in a public company is challenging enough.When Governance is working within your family business, family members and all people working in your business are clear about...

Bond Test News Article

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Letting Go of the Reins

Only about 3% of all family businesses operate into the fourth generation or beyond...

Family Constitutions - Is the Hype Real?

We have all heard the statistics that 70% of wealth transfers to the next generation fail. When this moves past 2nd generation and into the 3rd generation and beyond, this failure rate is above 90%.

Get to know Fellow FBA Member - Dracula's Cabaret

Dracula's Cabaret Operations and Production Manager, Luke Newman, gives his personal insight into the pros and cons of working in a family business in the interview below...

One Plus One Equals Three

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Mixing Family and Business, or Love and Work: Candy Cane or Dynamite!

Family businesses are also made up of two components: 'family' and 'business'...

The changing face of charitable giving

As the response to many recent crises has demonstrated, Australians are a generous bunch.

Get to know fellow FBA member - Bennetts Steel

Bennetts Steel General Manager, Shiree Bennett, gives her personal insight into the pros and cons of working in a family business in the interview below...

Tips to help family business owners embrace their entrepreneurial spirit

ntrepreneurs are by nature innovative, creative, and risk takers. But, not all entrepreneurs are successful business owners...

What insurance does my small business need?

Insurance is crucial for small businesses as it provides valuable support for many potential negative impacts and can represent the difference between survival or closure in crucial times...

When your attorneys are not enduring

An enduring power of attorney allows a person to appoint someone they trust to make decisions about their personal, health or financial matters at...

Get to know fellow FBA member - Birdsnest

Birdsnest founder, Jane Cay, gives her personal insight into the pros and cons of working in a family business in the interview below...

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