Peter Dutton’s budget reply speech in full; Key takeaways
With a Federal election to be held on 3 May 2025, the Opposition Leader’s outline of policies provided in his Budget Reply speech of Thursday 27 March 2025 is of interest.… read more
Month: March 2025 AWST
Div 296 bill officially lapsed
From www.smsfadviser.com: The controversial Division 296 tax has officially lapsed following the failure of the Better Targeted Superannuation Bill to pass the Senate before the election announcement.… read more
ATO capability review raises questions about tech execution
From www.themandarin.com.au: The Australian Taxation Office received a low capability rating of “developing” in a review by the Australian Public Service Commission, raising concerns about its technology and internal coordination amid rising ICT costs and challenges in delivering large projects.… read more
Australian household wealth grows modestly in Q4 2024
From www.brokernews.com.au: Australian household wealth modestly increased by 0.9% or $143.6 billion in Q4 2024, reaching a total of $17.0 trillion, despite a 0.2% decline in house prices.… read more
Contract Research Organisations M&A Market
From alvarezandmarsal.com: Rising cost pressures and advancements in therapeutics are driving demand for efficiency in drug development, creating opportunities for Contract Research Organisations.
The APAC region is emerging as a significant hub for clinical R&D, with market growth projected from $13 billion in 2025 to $35 billion by 2034.… read more
NSW Biosciences Fund: What you need to know
From bdo.com.au: The NSW Biosciences Fund, a $3.5 million competitive program, aims to support the commercialisation of innovative biological devices and systems by NSW-based businesses.… read more
Adelaide is strongest property market
From apimagazine.com.au: Adelaide’s property market is experiencing a shift from quick profit-making to a more cautious, value-focused approach, underscored by increasing median house prices and changing buyer preferences.… read more
Federal Budget 2025–26 Reflections & Insights
From: www.taxinstitute.com.au: (Podcast) a sneak peek behind the closed doors of this week’s member-only webinar: Federal Budget 2025–26 Reflections & Insights.… read more
Alleged GST scam would be the biggest
From www.afr.com: The collapsed hospitality group Virtical allegedly accrued $120 million in fake GST refunds to finance its acquisition of pubs in Sydney and Melbourne, potentially marking Australia’s largest GST fraud.… read more
Alcohol tax relief in the 2025 Federal Budget
From bdo.com.au: Federal Budget 2025 offers tax relief to Australian brewers, distillers, and wine producers by raising the AMR and WET producer rebate and freezing draught beer excise increases.… read more