I hit the wall with the tax ruling because in the parlance of the tax office what I was proposing was “novel”, in other words, it was a completly new approach. I suspect it that the tax office didn’t have an opinion on it. In they end they employed delaying tactics in the hope that I would go away.
I didn’t give up, the window of opportunity closed, then the whole situation changed due to even more changes in the Corporations Law.
What sort of changes to the Corporations Law? I am aware that Financial Services Reform Act affected a lot of companies.
Your right, it was the introduction of the FSR which introduced a very heavy compliance burden. The trouble with FSR is that it tries to cover every aspect of financial services as a result it treats small funds the same as the mega funds and makes no allowance for size and the proper (relativly speaking )of the investors funds compared to risk etc
Isn’t that also the problem with OFLC ratings? Doesn’t it cost the same regardless of the number of screens a film will play on. Star Wars costs the same to be rated as an independant film playing on 1 screen.
I agree Paul. You will find in a lot of other industries, concessions are given to SME, but in relation to the film business none are available. The exception being incentives offered by state governments to attract producers to a particular state.