Con Boulougouris

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On 11 February 2015, the Australian government announced that it would be changing the threshold for notifications of agricultural land purchases by foreign investors from $252 million to $15 million from 1 March 2015. Existing investments included in the threshold The new $15 million threshold is a cumulative threshold – it applies to a foreign investor’s aggregate holdings in agricultural land in Australia.  This means that a small proposed purchase of agricultural land by a…
The Murray Report  describes certain tax distortions in relation to start-ups and notes the need for better targeted tax settings to facilitate innovation, acknowledgement of the barrier to fundraising caused by existing tax uncertainty around venture capital limited partnerships and recognition of the benefits of more flexible access to R&D tax offsets. The Report cites stakeholders as suggesting that Australia is already lagging other jurisdictions in the facilitation of crowdfunding, meaning time is of…