Legislative update: What you need to know from 1 July 2018 By Victoria Hansen and Lindsay Carroll, NRA Legal Penalty rate cuts Following a Fair Work Commission decision handed down last year, Sunday penalty rates for employees covered by the General Retail Industry Award, the Fast Food Industry Award, the Hospitality Industry (General) Award and […]
That time has arrived once again – we are officially in ‘pre-Christmas trade’! As we all know, that can mean frantic attempts keep clothes on hangers rather than change room floors; clearing tried-on footwear again and again and again; helping indecisive gift-buyers find that special something; and the never-ending carols loop (that sends your staff […]
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 […]
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 […]
Thank you to the National Retail Association members who attended the recent BDO webinar. The retail sector is an engine room of tax generation when it comes to existing taxes such GST, land tax and payroll tax. Small businesses have fought long and hard for the government to remove the $1000 threshold, arguing independent retailers […]
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 […]
Today’s official retail trade figures for December have confirmed the NRA’s predictions of steady and “sensible” spending by Australian consumers in the lead up to Christmas. The figures showed spending during the pre-Christmas period (the final six weeks of the year) reached $44.63bn – only just above our prediction of $44.5bn. Sales in December grew […]
Federal Parliament resumes next week, with the Government and Opposition both looking to finalise their pitches to voters ahead of the election due later this year. To coincide with the resumption of Parliament, a delegation from the NRA will be in Canberra for meetings with the Prime Minister, Mr Turnbull, as well as a range […]
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 […]