It has certainly been a busy few months as we close out 2024.
The Capital Markets Division has been focused on achieving our advocacy goals across a swathe of hot-button issues, from mergers and acquisitions reform to taxation.
In the past month we have appeared at the PJC inquiry into the wholesale investor test, and the Senate inquiry into reforms to the anti-money laundering regime.
We appreciate your attendance and commitment to the Capital Markets Forum in Sydney, which has been a huge success with many local and international investors present.
The key takeaway was though Australia is an attractive investment destination globally, we need to make sure our legislative setting from FIRB to tax is globally competitive.
We had a session from economist Nicki Hutley and it seems we will be higher for longer on inflation, due to core inflation issues including the cost of goods and services. That said, the significant re-pricing of REITs lately has factored in a rate cut in early 2025.
Next week we are holding seven of our committees and roundtables for their final meeting of the year, and the 2023-24 term. We thank all committee members for their positive contributions to the Division, to policy development, and to connecting our industry together.
We would not be able to achieve our goals without you, and your support.
Please don’t hesitate to reach out between now and the end of the year, we are already pulling together our policy priorities for next year in the lead up to the Federal Election.
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