Our latest insights

The federal budget in May provides an opportunity for the Turnbull Government to build on Australia’s record-breaking run of economic growth. Such growth is essential to fund vital infrastructure projects and health and education services, and to improve the individual and collective wellbeing of Australia’s people.

Investment in research and development (R&D) is vital to Australia’s economy, and essential to attracting technology-focused organisations, investors and talent to our shores.

After much focus in last year’s Federal Budget, the real estate and construction sector still needs time to implement the raft of changes and assess the incentives under the Housing Affordability banner in 2017, as well as the more recent stapled securities announcements.

Watch Darrell Price, Grant Thornton’s Health & Aged Care National Head, as he shares his views on what the Federal Government needs to focus on in this year’s Budget to genuinely help – and incentivise – those in the sector, including the aged care, disability and general practice sub-sectors, so they can continue to provide solid, sustainable health care to those in the community.

The reputation of the Australian Food, Beverage and Agribusiness industry for high quality around the country and the world means it continues to see significant M&A within the sector, and huge potential for growth. But there’s more that could be done, especially in this year’s Federal Budget, to expand on this success.

One of the most discussed elements of the Turnbull government’s tax agenda is its proposal to reduce the corporate tax rate for businesses with an annual turnover of more than $10 million. If implemented, the proposal would see the corporate tax rate drop from 30% to 25% over a 10-year period.

Based on announcements prior to Tuesday’s federal budget, Australia’s improved economic fortunes and more rigorous tax compliance and enforcement activities are providing more revenue.

Many countries have the challenge of delivering sustainable tax revenues amid ongoing globalisation, technological change and disruption, rising energy costs and ageing populations. These influences won’t dissipate, but a review of recent history in the context of rumoured tax cuts in Tuesday’s federal budget reveals a substantial turnaround in Australia’s fortunes.

Whether the motivation is global competiveness, business strength, or individual prosperity, we know the wish list for the 2018 Federal Budget announcement looks different depending on which way you look at it.

The first round of public hearings for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was held from 13-23 March.

Key insights for the Australian Food, Beverage & Agribusiness industry.

On Wednesday February 7th the Productivity Commission released its draft report into Competition in the Australian Financial System. The report, commissioned by Federal Treasurer, Scott Morrison, highlighted a number of areas in which the Commission believes that banking competition could be improved to benefit consumers and the wider economy.