The Federal Government has publicly released the final report of the Low Value Parcel Processing Taskforce, which suggested any streamlining of the processes involved in the handling of low value imported parcels would require significant change.
The Productivity Commission has made it clear that the current level of the LVT only plays a minor in how retailers are competitively disadvantaged.
The draft report - Economic Structure and Performance of the Australian Retail Industry - examines the implications of globalisation for the retail industry and the appropriateness of current policy settings.
Documents released under FOI revealed that the government was planning to lower the GST importation threshold for overseas purchases from $1000 to $500 in October 2010.
The Fair Imports Alliance has called for the removal of the $1000 GST threshold as part of its submission to the Productivity Commission's inquiry into the retail sector
he Fair Imports Alliance is outraged that Customs is withholding a reporting containing the results of a three month crackdown in import rorts.
Opinions were shared and questions were raised during a discussion that was held by the NRA to address the need to close the GST loophole.
Retail trade union SDA has backed up retailers in their call for reducing the $1000 GST import threshold in its submission to the Productivity Commission’s inquiry into the retail sector.
The Fair Imports Alliance has received written admission from the Customs and Border Protection Service that there is no proof to back-up that if the GST threshold was lowered, it would be economically and administratively unfeasible for the government.
The Productivity Commission, has released an issues paper to assist those preparing submissions into the public inquiry of the Australian retail industry's economic structure and performance.
Following the Productivity Commissions’ call for submissions from retailers for its inquiry into the Australian retail industry, the ANRA said 2011 will be a critical year for retailers.
The first rounds of submissions are being called for by the Productivity Commission as it prepares to undertake a public inquiry into the economic structure and performance of the retail.
The Fair Imports Alliance, which represents a collation of retail and wholesale industry associations, has called for an end to the big retailers’ GST campaign.
Representing 3,700 retailers, the group joins the Australian retail giants including Myer, David Jones and Harvey Norman in a national campaign to pressure the federal government to level the retail playing field by closing the GST and duty loophole.
Independent senator for South Australia Nick Xenephon has told Retailbiz those being hurt most in the GST advertising campaign are small businesses.
Myer, David Jones, Harvey Norman, Borders and Target are among those forming a coalition and declaring war against international online retailers.
The ARA has welcomed the Productivity Commission’s Future of Australian Retail Inquiry and the government’s approach to evidence based policy.
With more local retailers finding it tough to compete against international competitors in the online realm, the federal government has announced the Productivity Commission will launch an inquiry into the future of Australian retail.
To be enforced from 1 January 2011, the reporting regime has been introduced by the ACCC.