News

At a time when the economic fortunes of Australia are dwindling under a commodity price collapse, would you expect our politicians to be holding up billions of investment dollars?

A month out from the Federal budget, analysts are turning their attention to Canberra, questioning how the Government will reduce the budget deficit. In recent weeks there are signs that the Government is interested in introducing a Bank Deposit Tax as a revenue raising measure. While there is no official announcement, there have been reports that the proposed measure would raise around $500 million a year.

For the past couple of decades the Chinese economy embodied a Dragon. Powerful. Strong. Aggressive. But recently there’s been a shift from building physical infrastructure to a consumption-based economy and this has major implications for Australia’s resources sector.