BUSINESS

Harnessing digital technology to drive productivity and profits. How new-generation agtech is changing the face of Australian farming.

Deterioration in conditions in most states, with current momentum negative. Household sector weakness evident, investment still ok (outside mining), while agri. facing easing prices and needs rain. Housing sector downturn, population growth centred on the eastern states, agricultural prices easing.

Overall, the NAB Rural Commodities Index fell 2.7% in March, largely reflecting lower cattle, grain and fruit prices.

NAB’s view is that prices will decline further over the next year or so – led by further declines in Sydney and Melbourne. We also see the adjustment continuing in an orderly manner, with prices remaining well up on 5 years ago.

Just what did Australia think of the Federal Budget? From industry bodies to media, we count down 10 of the most interesting reactions.

Technology is changing the way accounting professionals work and the relationship they have with their clients. Cloud accounting business specialist Lielette Calleja shares the secrets of her own success and suggests ways to make the most of continuing transformation.

As anticipated, the Coalition delivered an election Budget – but the headline tax cuts only hit in 2022-23. Meanwhile, questions abound about the Government’s optimistic forecasts and just how stimulatory this Budget is.

Personal income tax cuts were the headline of the 2019 Federal Budget – along with a change to super contributions and a new work test age.

Small business won tax cuts, an increase to the instant asset write-off, increased infrastructure spending and investment in apprenticeships.