To put the government’s current approach into perspective, please consider this hypothetical scenario. An Australian business decides to develop a new product and commits $1 million towards developing the required innovation. On…
The EMDG scheme is supposed to help export-focused small and medium-sized Australian businesses become sustainable exporters by providing partial reimbursement of certain export promotion expenses but the Government refuses to provide any…
The proposed amendments will ensure that new residential premises constructed under development lease arrangements since 3 October 2007 are treated as taxable supplies, rather than input taxed supplies, where the premises are…
The package of reforms hopes to improve the competitiveness of Australian companies with offshore operations by reducing the costs of complying with the CFC rules. They will also encourage foreign groups to establish…
The Australian Government has announced funding for priority adaptation research into preparing Australia for the unavoidable impacts of climate change. The Government will invest $2 million into research addressing the impacts climate change…
The Productivity Commission is looking into the implications of globalisation on the Australian retail sector. The government is strongly encouraging brick and mortar and online retailers, consumer groups, unions, shoppers, suppliers and other experts and…
Applications open today for a fresh round of Australian Government funding for tourism projects under the TQUAL Grant program for projects that will nurture quality tourism experiences and support Australia’s marketing campaigns. The TQUAL Grants…
Australian workers and retirees will find it easier to find ‘lost’ superannuation accounts, after the Government today released draft legislation that will allow superannuation funds to use tax file numbers (TFNs) to…
The draft legislation allows people with self-managed super funds to continue to invest in art and other personal use assets. However, the rules will be tighten so people can’t claim they are, for example, ‘collecting’…
Australian boat manufacturers and coastal tourism operators will benefit from proposed changes to the GST allowing boat buyers to sail new, Australian-made recreational boats in our waters for up to 12 months…