The annual post-budget reporting doesn’t seem to change from year to year – the big winners and big losers, what’s in it for you, who thinks it’s magnificent, and who thinks it’s a load of garbage. However, the Budget itself is always different from ones gone before it, including this one, which is the Government’s […]
According to a statement released by Small Business, Investment and Trade Minister Martin Hamilton-Smith, operators and employees in South Australia’s Small to Medium Business sector play a key role in transforming the local economy and the sector is a big winner in the 2017-18 State Budget handed down on 22 June. The Minister said grants to […]
We had high hopes for this year’s Federal Budget, delivered in the midst of major challenges to the retail landscape, including weaker retail sales over three of the past four quarters, and an ever-increasing influx of overseas competitors. Despite it following the tough medicine approach of 2014 that sent shockwaves through retail, and the next […]
The Reserve Bank of Australia (RBA) again kept interest rates on hold at an historic low of 1.5 per cent last week. The RBA Governor, Phillip Lowe, confirmed that inflation was beginning to move in line with expectations, meaning that spending is gradually picking up throughout the economy. This resulted in the Australian Dollar increasing […]
Taxation, employment, economic stability – they’re terms that get thrown about a great deal during a federal election campaign. But while they aren’t the most exciting concepts for the average voter, their long-term effects for retailers are profound. The GST Low Value Threshold (LVT) on imports under $1000 for example, has been a thorn in […]
On May 3, 2016, Federal Treasurer Scott Morrison MP handed down the Federal Government’s 2016/17 Budget. This is the third budget for the current Coalition Liberal-National Government and the first for Scott Morrison. This budget is critical to the formation of the economic plan that will be taken to the upcoming election, to be held […]
Last Tuesday the Federal Government handed down the 2016-2017 budget. With a strong focus on the future and providing help for small and medium enterprises, the government has committed to reducing the company tax rate over the next decade. The small business threshold will be raised from $2 million to $10 million turnover and increasing […]
Tonight, we will know the details of the 2016 Federal Budget, as Treasurer Scott Morrison hands down his first budget. Given the current mixed retail environment, we have been urging the Federal Government, in the lead up to the delivery of its third budget, to provide as much certainty and clarity as possible. The Australian […]
As the Chairman mentioned in last week’s message, we have farewelled CEO Trevor Evans, who has been preselected to contest a seat at the Federal Election on July 2nd. While the National Retail Association is strictly a non-partisan organisation, we do wish Trevor every success. It is important that we have Federal MPs who understand […]
It’s been a week of distractions in business and politics, from the instability of global stock markets to the decision of the Federal Government to abandon the idea of increasing the GST, to a looming Ministerial reshuffle. These are factors that can dent consumer confidence, which has otherwise been improving, so we’re hopeful that things […]