Here’s what 14 Australian executives want to see from Malcolm Turnbull in 2016
Cohen Handler’s MD Simon Cohen, along with 13 other Australian executives, share their views on what they want to see from Malcolm Turnbull in 2016.
“Startups and entrepreneurs had a big year in 2015.
Last year, Turnbull released his $1 billion innovation package which saw a new $15 million digital marketplace to connect small businesses with the government as well as a $30 million centre to develop Australia’s cyber security industry among its list of changes.
Turnbull’s vision for people to prepare for the “ideas boom” which would “incentivise, energise, dynamise” the Australian industry was met with diverging responses from those who welcomed equity crowdfunding for retail investors and on universities working with startups while others saw a need to focus more on renewable energy development and getting super funds to invest into venture and innovation.
We reached out to 16 Australian executives to see what they wanted to see from the Turnbull government this year.
Simon Cohen, our MD was quoted as below:
In 2016, we’d like to see a reduction in stamp duty for first home buyers. While we won’t see the property price increases we’ve seen recently in cities like Sydney and Melbourne, the market will remain highly competitive. Along with high levels of competition, it’s especially difficult for first home buyers to get their foot on the ladder when there are significant stamp duty costs on top of the sale price, required to be paid within 30 days of a settlement.
If Turnbull could reduce stamp duty, buying property would be a lot more achievable for many buyers.”
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