The NRA has this week led a delegation to meet with Prime Minister Malcolm Turnbull, Federal Treasurer Scott Morrison, Employment Minister Michaelia Cash, and Queensland Senator James McGrath, to discuss the Coalition’s second term agenda, and to further expand on ways to reduce regulatory burdens which reduce business profitability, and in turn, the industry’s ability […]
The Government announced a number of changes to super as part of the 2016/17 Federal Budget. Treasurer Scott Morrison said the objective of the changes is to have a more equitable system and to encourage Australians to save for retirement and not be dependent on the Age Pension. Some of the announcements include: • A […]
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 week, we commended Federal Treasurer Scott Morrison for recognising the important role small to medium businesses play when it comes to creating jobs for Australians into the future. Given the high proportion of Small and Medium Enterprises (SMEs) within the retail sector, the proposed business tax cuts outlined in the budget provide a more […]
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 […]
This week I hosted follow up discussions with the office of the new Treasurer Scott Morrison. We discussed a number of topics including the implementation timeline for scrapping the GST Low Value Threshold, the need for further tax reform, and the Financial Systems Inquiry. Regarding the costs of credit card facilities, the message from […]
On Monday this week the Federal Government released its response to the Financial System Inquiry. Of most interest for retailers was a commitment to prohibit merchants from levying credit card surcharges “that are greater than the cost to them of accepting payment by card”. A delegation from the NRA met with the new Treasurer, Scott […]