Replacing inefficient taxes with more efficient sources of revenue is vital to drive Australia’s future economic growth.
It is critical that Australia has the right balance of taxes and investment rules to attract patient long term global capital.
Slashing red tape will clear away dysfunctional rules that block investment and hold back business growth.
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.
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.
Press for goods and services tax (GST) reforms that minimise the need for restructuring and save Australian businesses money.
Drive investment framework reforms that will make Australia a leading property funds management centre.
Work to protect managed funds that invest and develop Australian real property from being shut out of the SIV and PIV visa programs.
Ensure property funds can use the Asian Region Funds Passport to streamline cross-border equity raisings and slash international red tape.
Maintain pressure on international reporting bodies to safeguard industry practice and ensure reporting standards reflect the financial reality for industry.
Drive industry closer to common and comparable disclosure through enhanced guidelines on Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO).
Promote initiatives that boost access to deeper, more liquid debt markets.
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The listed REIT market in Australia sits at $118.5 billion
The unlisted REIT market in Australia sits at $125 billion
Property investment affects 18 million Australians through their retirement savings
Directly contributes $182.5 billion to Australia's GDP = one ninth of economic output