ipl-logo

Australia's Financial Objectives

856 Words4 Pages

Executive Summary all businesses must manage finances effectively in order to operate and grow. For financial management to be effective it must create plans and strategies around the control of cash flows, the control of costs and the control of debt levels. In this way the financial goals can be realised. The influences on the financial management of business include a range of external factors such as the domestic government’s economic decisions and legislation, and the global economy, which has become a major influence on not just the financial function but all aspects of business operations. However there are financial management strategies to overcome these influences such as interest rates, Methods of international payment, Hedging and …show more content…

They are an independent Commonwealth Government body.
ASIC are set up under and administer:
• The Australian Securities and Investments Commission Act 2001 (ASIC Act)
• The Corporations Act 2001 (Corporations Act).

- Company Taxation
All Australian businesses that have been incorporated are required to pay a company tax at a flat rate of 30 percent on the company’s total net profit. Company tax is paid before profits are distributed to shareholders as dividends.
• The Australian company tax rate was reduced from 36 to 34 per cent in 2000–01 and then to 30 per cent in 2001–02.
• The federal government is planning to further reduce the company tax rate by 1.5 per cent from 1 July 2015.

Strategies
- Interest Rates
- As FCTG trades across numerous national boarders, the issues of Interest rates arise. It subsidiary operations in different nations earn money in local currencies which needs to be translated into Australian Dollars. Consequently there will be exchange losses or gains in translation. The FCTG is expose on account of using or trading with multiple currencies across the world. During 2015 the FCTG benefitted from translation of foreign currencies as the Australian dollar fell in

Show More
Related
736 Words | 3 Pages

Keep note of the overall outcome for Australian Tax policy for the Commonwealth Treasury is “To influence Strong sustainable economic growth for the good of the Australian People.” Additionally the 4 key Pillars of Australian Economic Diplomacy Promoting Trade Encouraging Growth Attracting

Read More
1063 Words | 5 Pages

The effects of a change in the exchange rate. After entering the US market through exporting the company faced challenges regarding the value of its currency. When the value of the Canadian dollar started to rise, its exchange rate changed. “The exchange rate is the value of one nation’s currency relative to the currencies of other countries” (BUS1201 Custom Text 2012, p.71).

Read More
986 Words | 4 Pages

Australian forces had significant success in the North African campaign during World War 2 (1939-1945) which is highly evident in their extensive contribution and notable allied victories in various battles including the battle/siege of Tobruk and the second battle of El Alamein. Axis powers focused their attention to the Suez Canal and the Persian oil fields. This would enable them to control Mediterranean shipping/trading and would warrant axis power to accumulate crucial resources in order to retaliate and expand through-out the Middle east. Australia’s success was due to a multitude of factors including the military ability of the Australian 9th division and Australian artillery and soldiers skill tactics in the face of intimidating German

Read More
835 Words | 4 Pages

More liquidity is what manger and shareholders are looking for to determine whether the company has the ability to cover the short-term liabilities. The current ratio value for the year 2013 calculated in comparison to 2012 shows decrease in liabilities. To measure the debt-equity rate of the company, show if a business is using the fitting amount of debt financing (Parrino, Kidwell, Bates, 2012). Greater potential on return and greater bankruptcy risk are shown by higher ratios (Parrino, Kidwell, Bates, 2012). The debt interest rate in 2012 was 15% information revealed the SG&A expenses ratio to income is blank unlike the net year which, is nearly 40% for 2013, long-term debt from the year 2012 to year 2013 has nearly increased by

Read More
384 Words | 2 Pages

Australia was found in 1770 when Captain James Cook sailed along the east coast and claimed it for Great Britain. Although it was found in 1770, it wasn’t unit January 26, 1788, what is now celebrated as Australia Day, in which the first ship of settlers arrived at present day Sydney to set up a British penal colony. The first fleet of eleven ships led by Captain Arthur Phillip carried over 1,500 people, with over half of them being convicts, to the new colony which led to the formal proclamation of the first city with the establishment of the Colony of New South Wales on February 7. It didn’t take very long for the new settlers to make the new land a home, by 1820 many of the soldiers, officers, and convicts that had arrived turned the land they received from the government into thriving farms.

Read More
505 Words | 3 Pages

Introduction This essay aims to report on how an educator’s mathematical content knowledge and skills could impact on the development of children’s understanding about the pattern. The Early Years Framework for Australia (EYLF) defines numeracy as young children’s capacity, confidence and disposition in mathematics, and the use of mathematics in their daily life (Department of Education, Employment and Workplace Relations (DEEWR), 2009, p.38). It is imperative for children to have an understanding of pattern to develop mathematical concepts and early algebraic thinking, combined with reasoning (Knaus, 2013, p.22). The pattern is explained by Macmillan (as cited in Knaus, 2013, p.22) as the search for order that may have a repetition in arrangement of object spaces, numbers and design.

Read More
2317 Words | 10 Pages

Abstract In the United States, there have been several events that have shaped the way that our economy is currently functioning. Events such as the Great Depression in 1929 and the more recent Great Recession of 2008 have led to financial stress on large, important industries. In these difficult economic times, executive officers and policy makers must make difficult decisions about how to combat this financial stress. In particular, the banking industry in the 20’s and 30’s and the automotive industry in 2008 were struggling to stay afloat.

Read More
73 Words | 1 Pages

“This country has so much beauty. We were deprived of opportunities and now they’re everywhere. My family can learn. My children can play. I have been granted my humanity.”

Read More
709 Words | 3 Pages

1900s, A Decade of Change Introduction Did you know that Australia was the first country in the world to let women vote? In the 1900s Australia did not only see changes for women but in health, politics and aboriginal issues. Some of the historical events that occurred in the 1900s were allowing women to vote, Australia becoming one nation, the bubonic plague and Aboriginals not been counted in the census. 1900s a decade changes still with a long way to go.

Read More
539 Words | 3 Pages

The National Association of Social Workers (NASW) has defined six key values for social work practice: service, social justice, the importance of human relationships, dignity and worth of the person, and competence. Social justice is an essential core value within Mission Australia in guiding its programs and campaigns. This is exemplified by Mission Australia addressing and educating the community on social injustice and disadvantage, pushing for systemic change to enhance the lives of marginalised and at-risk individuals. By offering services and programmes that aim to address the underlying causes of social problems, like education on homelessness, Mission Australia exemplifies the fundamental concept of social justice and why it should be addressed not only by charity organisations but the general public. For instance, their housing and homelessness programmes work to give those who are homeless or at risk of becoming so safe and affordable accommodation in which donations of the community are accepted.

Read More
596 Words | 3 Pages

With reference to the Australian Curriculum, Assessment and Reporting Authority (ACARA), literacy has been noted as an indispensible skill that all students require in order to become successful learners, and as well as creating a base line for success across all learning areas, which is dependent on the ability to use ‘the significant, identifiable and distinctive literacy that is important for learning and representative of the content of that learning area’ (2013, p1). Using the Australian Curriculum for 7-10 Geography, this essay will explore the reasons why the study of literacy is important for all teachers and what it means to be literate in the geography subject area. Further more, this essay will provide examples of teaching strategies

Read More
1470 Words | 6 Pages

Political Environmental Factors Apple Stakeholders Tax policy Apple can be influenced by this specific political factor in UK and in China, because this business pays more tax in one country which is China and slightly less in the other country which is UK. This shows if the levels of tax increase or decreases then this business would still be making less profit because Apple generates around $70,000 in profit every 60 seconds which shows that Apple pays 21% in UK and in China it pays 25% tax where it loses out most of the profits by paying different taxes also Apple is the largest taxpayer in the world where it has paid over $20billion in the past few years. Government would be behind the decision of increasing or decreasing the rate of tax because they would aim to develop the economy by increasing the rate of tax. If the rate increases then

Read More
2021 Words | 9 Pages

According to Grand Valley State University, “The corporate income tax rate is a graduated tax topping out at 35% for taxable income above $18.3 million. That official U.S. corporate income tax rate is the world’s highest. For example, rates in China and Brazil are 25%, Russia is 20%, and India is 33.9%.” Companies often argue that if they do not have to pay as many taxes they can expand, hire more workers, and possibly increase wages. As stated by The Tax Foundation “A reduction in the corporate income tax rate to 25 percent would increase the size of GDP by 2.3 percent at the end of the adjustment period.”

Read More
3578 Words | 15 Pages

Name: Stephen Catterall Student ID: 864309 Unit 407 – International Business Strategy (Blended MBA, 2014) Assignment Report for senior management evaluating how well ANZ Banking Corporation, is currently performing, and recommending how it can improve its international business performance with a view to its further expansion into the China (PRC) market. Chair: Dr. Vanaja Karagiannidis Date: 25th August 2014 Word Count: 2,649   Table of Contents 1 Executive Summary 4 1.1 Project Summary 4 1.2 Procedures Used 4 1.3 Problems Identified 4 1.4 Results 4 1.5 Recommendations 4 2 Introduction 6

Read More
707 Words | 3 Pages

99% of businesses have four key business functions, these include; operations, marketing, finance and human resource management. Each of these specific areas has their own attributions towards their businesses success and failure and often has dedicated departments and staff for these four business functions. Despite this the functions are interdependent meaning they rely upon one another to achieve and exceed their goals and expectations set by themselves and management. The function of finance affects and is affected by the other key business functions.

Read More

More about Australia's Financial Objectives

Related Topics

Open Document