Our latest insights

In our latest podcast, Tony Pititto, National Head of Agribusiness, Food & Beverage at Grant Thornton and Madina Aziz, Audit Partner discuss the opportunities for the sector through the Modern Manufacturing Initiative and what we need next from Government to help Australia target non-traditional export markets.

The ATO has recently announced they are reviewing a number of activities that involve alcohol entering the Australian domestic market for consumption without payment of the required amount of excise duty.

The Government has a 10 year plan to implement the Modern Manufacturing Initiative and develop our manufacturing capability.

Once upon a time, certainly in living memory, Australia had a thriving and diverse manufacturing sector.

Australia’s manufacturing sector will play a key role in our economic recovery. There are around 860,000 people employed by manufacturing. The sector is responsible for a huge amount of research and development, and it punches above its weight for the size of the sector.

COVID-19 has brought with it a tumultuous yet interesting time for the manufacturing sector.

Redback Boots is an Australian footwear manufacturing company, owned by the Cloros family who have a boot-making tradition spanning five generations back to the early 1900s.

Although the knock-on effects of the Australian automotive industry exiting our country are yet to be fully understood, the industry is evolving, and manufacturing continues to be a major employer and critical to our overall economy.

Australian agriculture and food production have endured tough conditions in recent years, but there was a lot for both industries to be happy about in this year’s Federal Budget.

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the manufacturing industry.