Managed investment scheme promoter Rewards Group Ltd believes its close alliance with listed investment company, The Ark Fund Ltd, will reduce the adverse impact of recent tax changes on its non-forestry projects.
The current decision to end managed investment scheme involvement in any industry bar forestry has significant repercussions for rural Australia, not to mention the legion of city-based corporate types who have lived well off this system.
The federal government’s February 6 announcement that the ATO would cease issuing product rulings for non-forestry managed investment schemes after July 1, thereby removing the 100 per cent up-front tax deduction, sent shockwaves through the industry.
The establishment of a register of lobbyists is one of the main reforms flowing from the CCC inquiry, but apart from voyeuristic journalists it is hard to find supporters of this initiative.
Ministerial staffers would be banned from holding senior elected positions in political parties if the state government adopts reforms currently being evaluated by Commissioner of Public Sector Standards, Maxine Murray.
The Corruption and Crime Commission inquiry has already claimed a pride of fallen scalps but the real implications lie ahead for lobbyists, ministers, bureaucrats and business.
In 1994, while Lou Di Virgilio was working in the financial markets in New York, two of his younger brothers, Dominic and Robert, were running a small used car yard in Maddington.
Western Australia’s second biggest home building group, Alcock/Brown-Neaves Group, neatly illustrates the challenges facing private businesses trying to manage the combination of rapid economic growth and spiraling costs.
The automotive trade has traditionally been the exclusive preserve of private companies but that changed dramatically 16 months ago when Perth’s biggest car dealer listed on the stock exchange.
Western Australia’s economic boom has not been all plain sailing for private companies. Our annual review of the sector identifies both winning companies and strugglers, and highlights the large number of sharemarket floats and trade sales.
Fears held by the state’s two AFL clubs about the impact of Super 14 club the Western Force on the corporate hospitality market have proved unfounded, with boxes for all three clubs sold out for the 2007 season.
Sport can be a tough business, both on and off the field. Despite WA’s strong economy and penchant to spend, corporate sponsorship is as hard as ever for some sporting codes to score.
Rick Hart has revealed he will step down as president of Fremantle Football Club in 2009, leaving recently appointed board member Richard Goyder as a contender for the top job.
Fans of A-League soccer team Perth Glory had cause to celebrate last week when the team announced its long-awaited takeover by a trio of prominent Perth businessmen.
There’s no question Western Australia needs a bigger and better outdoor stadium for football and cricket, as well as a dedicated rectangular stadium for rugby and soccer; the questions that remain are where to put them and who will rule.
In the first of a series of interviews with the state's leading sporting coaches, John Worsfold provides an insight into some of the strategies he uses to drive the West Coast Eagles' success.
Former Australian cricketer and Western Australian captain, Graeme Wood, is gearing up for his toughest test yet, as the new chief executive of the WA Cricket Association.
The entire team at WA Business News is proud to introduce the 2007 class of 40under40 winners. They are a remarkable group of individuals who, through sheer determination and passion, have worked hard to achieve their goals and objectives.
