The Rudd Government did not take up the recommendation from Dr. Henry's tax review for charities to lose key FBT and GST concessions. His argument was the businesses that not-for-profit operate for the purpose of generating a surplus should not receive the GST exemption and the staff of such businesses should not receive the exemptions up to a value of $15,000 on a FBT items in their salary package. The government did not take up any of these recommendations.


Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
