Corporate bookies ‘wrong’ on betting operations tax impact, concludes independent report

Claims made by corporate bookies and others that a significant reduction in the betting operations tax (BOT) rate would lead to an overall increase in wagering revenues to Government have been dismissed as wrong by an independent report. Treasurer Rob Lucas said that Treasury officials had long held the view that any potential reduction in the betting operations…

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Further boon for motorists as QBE ‘floors’ its CTP rates for cars, utes

The State Government has welcomed the move by private insurer, QBE, to reduce its CTP insurance premiums offered to private passenger vehicles and all goods carrying light vehicles, such as utes, to the lowest rate possible under full-competition.  QBE’s new CTP rate of $296.77 for a private passenger vehicle in metropolitan Adelaide and the Hills (premium class 1) – to come…

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Hoons, motorists on mobiles and leadfoot corporate ‘cheats’ targeted as fees, fines and charges to increase in 2019-20

The State Government has announced a new schedule of fees, fines and charges for 2019-20 – with most increasing by 5 per cent, but with notable exceptions including for reckless hoons, leadfoot company car drivers and motorists on their mobile phones, who will cop very significant hikes in their fines.  However, the Government has quarantined…

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Supermarkets build walls, move fridges and freezers to meet deadline to comply with ‘silly’ shop trading laws

Several large supermarkets found in breach of the Shop Trading Hours Act 1977 have erected permanent walls inside their stores, or reconfigured display cases, fridges and freezers, to reduce their floor space to comply with the law. In total, 11 supermarkets across South Australia had been given a deadline of yesterday to reduce their floor area…

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Fears home values will fall, jobs could go and state revenue down as State Treasurers demand Shorten come clean on his destructive economic policies

Australians face falling property prices, higher rents, potential job losses and reduced state revenue under Federal Labor’s ‘destructive’ economic agenda, with three State Treasurers joining forces to demand Bill Shorten reveal the true impact of his election policies on their states.  In a joint letter to Mr Shorten today, SA Treasurer Rob Lucas, New South Wales Treasurer Dominic Perrottet…

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SA small and medium businesses ‘most confident’ in the nation, as Marshall Government lauded for payroll tax cuts

South Australia has defied the national trend and soared to its highest level of small and medium business confidence on record, with SMEs backing the Marshall Government’s positive economic reforms – including the abolition of payroll tax for all small businesses.  The landmark results – revealed in the March Quarter 2019 Sensis Business Index – show SA small and…

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Tills ring out as ‘knockout’ Boxing Day retail figures show shoppers embraced historic trade in the ’burbs

South Australians have voted with their feet in favour of Boxing Day trade in the ’burbs, with figures showing retail sales across suburban Adelaide almost trebling (an increase of 192%) those of the public holiday last year. The figures – contained in an Advanced Analytics report commissioned by the Government of Commonwealth Bank transactions over the Christmas holiday…

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Nyrstar to make $42 million payment towards Port Pirie smelter loan

Nyrstar, after discussions with its largest shareholder Trafigura – the global commodity trading company which has entered into a conditional restructuring arrangement that may lead to it becoming the majority owner of the Port Pirie smelter – has formally advised the State Government it will make a $42.3 million payment this month.  The commitment follows a meeting in Adelaide today…

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