Due Diligence

Napier & Blakeley strengthens team

115041 N&B_Trans&Advis icon_Medium_BNAPIER & Blakeley has bolstered its Transaction Advisory team with the appointment of Kate Rickards.

Rickards has been appointed senior consultant within the N&B’s Transaction Advisory team and will be based in the Melbourne office.

Rickards’ previous roles have been at AECOM, Philip Chun and Abigroup.

“We’re absolutely delighted to have Kate on board,” National director Rob Howells said.

“With a background in mechanical services design, regulatory compliance and tendering and estimating, Kate makes for an excellent due diligence consultant in our expanding business.” Howells concluded.

Property Review Australia
14 May 2015

Wayne Swan… “Keep your mitts off the MITs!!”

The doubling of the tax rate applicable to international Managed Investment Trusts (MITs), with no consultation nor warning and – it would appear – based upon miss-guided thinking, not just flies in the face of the plan to make Australia “the hub of finance in Asia”, but the sudden move places Australia on the list of countries with significant Sovereign Risk.

As a result Australia is no longer considered so transparent.

Since the budget, we have seen prudent comments from Property Council of Australia and reports from the likes of Business Council of Australia. These confirm what intuition tells us – that 7.5% of something is better than 15% of nothing. Continue reading