At one stage every big corporate seemed to have an accelerator or investment fund aimed at startups but now Australia's biggest companies are rethinking their relationship with the startup sector.
Tech industry veteran Tim Reed has hinted at a conciliatory approach to Canberra as he was tapped to replace Grant King at the helm of the business lobby group.
The frontrunner to lead the nation's peak business lobby has urged companies to keep trading with China.
The outgoing chief executive of MYOB is well placed to bring the Business Council of Australia back to the centre of decision making.
The change of leadership comes three months after private equity firm KKR bought the business for $1.6bn.
In its first year of trade under new chief executive Steve Vamos accounting platform Xero turned a small profit in the second half of the year.
Small businesses remain confused about the impact of Labor's policy on family trusts as the election looms.
Payment times is the key election issue for small businesses.
MYOB said the outage was a result of an upgrade to their customer relationship management platform on Friday.
More than 80 per cent of voters agreed to pass the company into private equity.
The US hedge fund says it would be"better served"allocating its capital elsewhere following MYOB's continued support for KKR's marked-down $1.6 billion bid.