Reduction in Corporate Tax Rate

Changes, changes and more changes - Bringing forward the company tax cuts

Following on from the various changes to company tax rates earlier in the year, the Treasury Laws Amendment (Lower Taxes for Small and Medium Businesses) Bill 2018 was introduced and passed by the Senate relatively quickly last week. The Bill proposes to bring forward the tax cuts for small and medium businesses. The Bill is currently awaiting Royal Assent.

Lithium Report

WA is strategically placed to take advantage of increased lithium demand created by the ever growing battery industry. By 2025 it is expected the lithium-ion battery market will reach a value of USD $93.1 billion, equating to a CAGR of 17.0%. This demand uplift will be driven by increased consumption and development of electric vehicles, portable consumer electronics and grid storage systems.