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Business red tape targeted as tariffs face axe

Almost 500 tariffs will be abolished from July 1, saving Australian businesses an estimated $30m annually in compliance costs. The move will eliminate 14% of all

Arts industry calls for tax breaks to spark investment

The arts industry has called for tax incentives to offset new theatre development and production costs, stimulate investment in Australian productions and generate more

Businesses raided in point-of-sale tax fraud crackdown

The Australian Taxation Office has raided a number of businesses suspected of using electronic sales suppression tools (ESSTs) to avoid paying tax. ESSTs or software

$2 billion fund to boost trade into Southeast Asia

A $2 billion fund to boost investment in Southeast Asia is among a suite of Federal Government initiatives announced at the ASEAN-Australia Special Summit in

Australian defence industry critical to national security

The Federal Government has released a plan that defines the strategic rationale for a sovereign defence industrial base and sets out pathways for maximising support for

New probe to drive transition to electric vehicles

The House of Representatives Standing Committee on Climate Change, Energy, Environment and Water will explore the issues and requirements around a transition to electric

Australian manufacturing needs new reconstruction fund

Australia’s manufacturing sector requires a re-alignment of the Federal Government’s $15b National Reconstruction Fund (NRF) in order to combat international

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