Daily Bulletin


  • Written by Elise Mizzi, ADIA

Changes to company tax rates for small and medium-sized enterprises set out in this week’s budget deserve bipartisan support according to the Australian Dental Industry Association (ADIA), the peak business organisation representing manufacturers and suppliers of dental products.

“The company tax plan in the budget set a clear path over ten years to reduce the tax burden on business. To provide business with the confidence to use these new policy settings to make business decisions, we call on all sides of politics to support the plan,” said Troy Williams, ADIA Chief Executive Officer.

The budget proposes that from 1 July 2016 businesses with turnover less than $10 million will have a company tax rate of 27.5 per cent. The eligibility threshold for the lower rate will then be progressively raised until all companies are at 27.5 per cent in 2023-24. The rate will then fall to 27 per cent in 2024-25 and by 1 percentage point each year thereafter to 25 per cent by 2026-27.

“Two thirds of ADIA’s members have turnover of less than $10million per year and it is these businesses that stand to benefit most from the changes to company tax set out in the budget. It will provide both the funding and incentive to reinvest in their business so that they can grow, create jobs and operate sustainably,” Mr Williams said.

According to the World Economic Forum’s 2012-14 Global Competiveness Report, Australia was ranked twentieth out of 144 countries in terms of overall competitiveness. However, it is important to note that Australia was ranked 106th in terms of total tax burden. Thus, continuing tax reform remains the key to enhancing Australia’s competitiveness and economic growth.

“For some time ADIA has had an established policy position that the business taxation should be no greater than the OECD average. The ten-year goal to reduce company taxation to 25 per cent achieves this,” Mr Williams said.

About The Australian Dental Industry Association —

Formed in 1925, the Australian Dental Industry Association (ADIA) is the peak business organisation representing manufacturers and suppliers of dental products.  ADIA operates nationally and its support for the dental industry ranges from the provision of training, industry statistics, support for exporters and small business in addition to policy advocacy.  ADIA also manages ADX Sydney, the nation's largest healthcare trade show.  For more information visit the website:

Writers Wanted

Why this Queensland election is different — states are back at the forefront of political attention


Cervical, breast, heart, bowel: here’s what women should be getting screened regularly


Will I or won't I? Scientists still haven't figured out free will, but they're having fun trying


The Conversation


Prime Minister Interview with Kieran Gilbert, Sky News

KIERAN GILBERT: Kieran Gilbert here with you and the Prime Minister joins me. Prime Minister, thanks so much for your time.  PRIME MINISTER: G'day Kieran.  GILBERT: An assumption a vaccine is ...

Daily Bulletin - avatar Daily Bulletin

Did BLM Really Change the US Police Work?

The Black Lives Matter (BLM) movement has proven that the power of the state rests in the hands of the people it governs. Following the death of 46-year-old black American George Floyd in a case of ...

a Guest Writer - avatar a Guest Writer

Scott Morrison: the right man at the right time

Australia is not at war with another nation or ideology in August 2020 but the nation is in conflict. There are serious threats from China and there are many challenges flowing from the pandemic tha...

Greg Rogers - avatar Greg Rogers

Business News

AppDynamics Solves Visibility Gap Between Traditional Infrastructure and Cloud Environments

New Full Stack Observability Platform, Integration With Cisco Intersight Workload Optimizer and Cloud Native Visualisation Features Provide Cross Domain Insights and Analytics of Business Perfor...

Hotwire Global - avatar Hotwire Global

Why Your Small Business Should Bulk Buy Hand Sanitiser

As a small business owner, employee and customer safety is at the very top of your priority list. From risk assessments to health and safety officers, appropriate signage and proper briefing...

News Co - avatar News Co

How Phone Number Search In Sydney Can Help Your Business

To run a successful business, keeping track of your company and competitors are the major factors. With a lot of tools, available businesses have options to stay current. One way in which busine...

News Co - avatar News Co

News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion