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New research has indicated that the rapid growth of large developing countries including China and Brazil has triggered an export boom among Australia's small-to-medium sized businesses.

Westpac Banking Corp Ltd has restructured its domestic business and consumer banking division into two separate units. The new divisions are consumer financial services, to be headed by Mike Pratt, and business financial services, to be led by Peter Hanlon.

A private survey showed that Small business conditions slackened over the last three months of 2006 faced with rising interest rates and a tight labour market,.

Small business owners who employ apprentices will get free business vehicle registration next year if the NSW Labor government wins the March 24 state election. Premier Morris Iemma said small businesses which employed apprentices would also receive registration rebates during the apprentices' second and third years.