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ARTICLE · 17 MAY 2013

Federal Budget 2013-14: Property and Funds Management

Moore Australia
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property industry. There are limited new developments for the property and funds management industries in this budget.

AustraliaGovernment, Public Sector
Stephen O'Flynn
Stephen O'Flynn
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Other than incidental construction activity that arises from the major budget announcements, the Government has not provided much by way of incentive to boost the property industry.

There are limited new developments for the property and funds management industries in the budget. The revenue raising focus of the budget has inevitably extended to this sector, impacting the viability of projects and imposing further compliance burdens on fund managers. However, benefits are expected to flow from some minor reforms.

There are no further developments that impact on the Managed Investment Trust (MIT) regime and Investment Manager Regime (IMR). These previously announced reforms will continue through normal channels.

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