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 stakeholders to make submissions to the inquiry. Retail is one of the largest employers in the country, and with ABS statistics showing retail turnover…
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 sold by developers to home buyers or investors. This amendment will contain a transitional provision that will operate to ensure that no one…
Under the Sustainability Advantage Program your business will: How do you get involved? For further information call Business Partnerships on (02) 8837 6000 or email sustainbus@environment.nsw.gov.au
This measure is one of a number of reforms, including increasing the superannuation guarantee rate to 12 per cent and a Government contribution for low income earners, which will directly impact the cost of conducting business in Australia While it will deliver improvements in retirement savings and a variation to the distribution of superannuation taxation concessions, someone has…
The standard deduction will rise to $1,000 from 1 July 2013 and will give taxpayers the option of bypassing the costly and complex work of figuring out what is deductible, correctly quantifying work-related expenses and dividing expenses between income-earning purposes and private purposes. Providing a standard deduction will remove this burden for many taxpayers and increase their…
The companies and individuals targeted in yesterday’s warrants were identified as having allegedly committed serious fraud. Mr Combet said the Government and the Australian people were rightly disappointed that the Home Insulation Program had been tainted by alleged illegal conduct and the possibly fraudulent behaviour of a number of individuals. While the Government has been upfront…
Carbon taxes are in place in Britain, Denmark, Finland, Norway, Sweden, the Netherlands and Canada and under discussion elsewhere, including in the EU, Japan and South Africa. Other countries, including China, Taiwan, Chile and South Korea, and a number of Canadian provinces, are either considering developing their own or already have trial emissions trading schemes…
There is a lot of misinformation about climate change and the best way to combat it. The most recent science indicates that the potential effects of climate change are only getting worse, and the chance of them happening is much more certain. Economic studies show that the effects will also affect our economy which means less economic…
The Australian Sports Commission (ASC) and Australian Government Office for Women are looking to develop the next generation of female leaders in sport. Applications open on 17 March and close on 29 April 2011 for the 2011-12 round of Sports Leadership Grants and Scholarships for Women. The ASC and Office for Women’s Sports Leadership Grants and…
Legislation was passed by the Government today banning exit fees on mortgages for all new home loans from 1 July 2011. This is seen as an important day for consumers because one of the biggest hindrance stopping Australians from getting a better deal on mortgages will finally be removed. This critical measure should help boost competition in the home loan market over time, by…
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