Advocacy ICMD

Replacing inefficient taxes with more efficient sources of revenue is vital to drive Australia’s future economic growth.

Belinda Ngo – Executive Director, International and Capital Markets

It is critical that Australia has the right balance of taxes and investment rules to attract patient long term global capital.

Belinda Ngo – Executive Director, International and Capital Markets

Slashing red tape will clear away dysfunctional rules that block investment and hold back business growth.

Belinda Ngo – Executive Director, International and Capital Markets

Our Focus

A modern tax system

Support the drive for economic growth as outlined in the government’s White Paper on the Reform of Australia's Tax System, especially the abolition of inefficient taxes such as stamp duty and replacement with more efficient, broad-based, low-rate taxes.

Managed investment trusts

Design a robust and globally competitive tax system for Australia’s managed investment trusts (MITs) that attracts patient, long-term investment capital and expands the types of eligible MIT investments for industry.

GST reforms

Press for goods and services tax (GST) reforms that minimise the need for restructuring and save Australian businesses money.

Foreign investment framework

Drive investment framework reforms that will make Australia a leading property funds management centre.

Significant Investor Visa and Premium Investor Visa

Work to protect managed funds that invest and develop Australian real property from being shut out of the SIV and PIV visa programs.

Asian Region Funds Passport

Ensure property funds can use the Asian Region Funds Passport to streamline cross-border equity raisings and slash international red tape.

International Accounting Standards

Maintain pressure on international reporting bodies to safeguard industry practice and ensure reporting standards reflect the financial reality for industry.

Guidelines for disclosing FFO and AFFO

Drive industry closer to common and comparable disclosure through enhanced guidelines on Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO).

Access to finance

Promote initiatives that boost access to deeper, more liquid debt markets.

KEY DOCUMENTS

ICMD FAST FACTS

$118.5

Billion listed REIT

The listed REIT market in Australia sits at $118.5 billion

18

million affected

Property investment affects 18 million Australians through their retirement savings

$182

Billion GDP

Directly contributes $182.5 billion to Australia's GDP = one ninth of economic output

 

ICMD ADVOCACY ACTIONS 2016


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