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Food, Beverage & Agribusiness industry insights
Key insights for the Australian Food, Beverage & Agribusiness industry.
Royal Commission wrap up
Top 10 things for Financial Services providers
Eleven months on from the first round of hearings for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Hayne’s final report has been released.
Health & aged care Home
Aged Care Royal Commission
Perspectives on the Future of Ageing
Transitions in ageing are not consistent and systematic as they are described by our ageing systems. Sometimes they are incremental, sometimes accidental, sometimes monumental, and they are always personal. We can create something better.
Life sciences Home
Biotechnology Industry Position survey
Australia's biotechnology industry drives economic growth
The 2019 Biotechnology Industry Position survey conducted by Ausbiotech and supported by Grant Thornton has revealed that new technologies across regenerative medicine and medicinal cannabis are disrupting the industry, and Australia's global strength in clinical trials continues to drive contributions to the economic and social fabric of the country.
Manufacturing Home
mid-sized business report
Manufacturing is critical to our economy – how can we support the sector?
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.
Not for Profit Home
NATIONAL OUTCOMES MEASUREMENT PROGRAM
A practical framework
Royal Commissions and federal budgets are critical things for Nonprofit human service providers to be thinking about at this point in time.
Real estate & construction Home
mid-sized business report
Supporting affordable housing requires planning, certainty – and tax reform
There is a lot of noise around the property sector at the moment – and it’s not all positive. Prices are down – but this shouldn’t be a surprise when some markets (namely Sydney & Melbourne) saw unprecedented hikes in recent years.
Retail & consumer products Home
GNC Group Consulting
The Technology Trap: Online innovation in retail
I recently attended the NRF Retail Big Show in New York, an overwhelming smorgasbord of retail technology and new store concepts.
Scaling-up for Growth
From start-up to scale-up
Navigating the complexities of growth and maintaining previous success is a challenge for all mid-size businesses.
The Real Estate and Construction industry will be relieved to see they have been left alone in this budget and continue to hold out hope for the broader White Paper Tax Reform process.
The industry is most interested in what unfolds over the next 12 months with the White Paper Tax Review. The Government has acknowledged in its Re:Think Discussion Paper on tax reform that the tax burden placed on Property in Australia makes up 9% of Australia’s total tax take, with compares to the OECD average take of 5% from Property.
So while the industry will breathe a sigh of relief that there were no surprises in the 2016 budget, they will continue to put forward their argument for broader tax reform that leads to a simpler and fairer tax system that encourages growth in the industry.
Some of the Budget 2016 announcements relevant to the industry include :
- The Government will extend their GST compliance program with an injection of $265M in the next three years, will no doubt mean some of that additional review activity is focused on the development industry
- In a win for certain real estate investors, the Government announced that it would not implement a GST reverse charge system on the disposals of going concerns and farm land. As a result, purchasers will not have to pay higher stamp duty when they acquire commercial real estate that would otherwise have been GST free
- The Treasurer also reconfirmed prior announcements regarding the ATO’s new functions and responsibilities for approving foreign investment in residential real estate and maintaining a register of foreign investment in agricultural land. These measures along with charges imposed on foreign buyers were introduced as part of the initiative to Strengthen Australia’s Investment Framework
- The Managed Investment Trust (“MIT”) Regime has been deferred for yet another year to commence 01 July, 2016. Those wishing to elect for an earlier start date can adopt the new regime from 01 July 2015
Click here for more on Federal Budget
- Read our report Federal Budget 2015/16: Friend or foe to mid-size businesses?
- View our wishlist infographic
Read the full Federal Budget 2015/16 | Friend or foe to mid-size businesses? report
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