Latest News

Back to Latest News back

 

Sporting Goods sector welcomes calls to change low value threshold

Sporting Goods sector welcomes calls to change low value threshold
January 9, 2015

Australian sporting and active lifestyle goods companies welcomed the call by the Australian Chamber of Commerce and Industry (ACCI) to lower or abolish the Low Value Threshold on overseas goods.

The call from ACCI comes on the back of the recent and very positive call from the new Federal Assistant Treasurer Josh Frydenberg to consider lowering or abolishing the Threshold in the upcoming tax white paper.

Australian Sporting Goods Association (ASGA) Executive Director Shannon Walker explained “we’ve long been working with the Federal and State governments to reduce the low value threshold and provide a level playing field for Australian retailers.

"We’re very pleased the new Assistant Treasurer and ACCI agree with our stance.

“It was very disappointing to see the (Western Australian) Government playing politics with this issue late last year in a bid to get more GST revenue – a position that is only hurting WA based retailers.

“After three years of consultations, reviews and studies, it is well past time this issue was fixed.

“Clearly the LVT was an oversight, put in place when the GST was first introduced and well before consumers starting shopping online in ever-increasing numbers.”

Figures released by the Australian Bureau of Statistics show Australian consumers spent more than $7 billion shopping on overseas online stores during the 2012/13 financial year.

Walker adds “as shown by the ABS, online purchases by Australian consumers are increasing exponentially. It’s time this GST loophole was closed.

“No one is saying that reducing the LVT will solve all of retail’s problems. No one is saying it will magically convince Australian consumers to stop purchasing from overseas.

“But what it will do is provide a small level of support for businesses that are doing it tough.

“ASGA looks forward to working with the Federal Government, state governments, ACCI, unions, retailers and other industry associations to finally fix this ongoing problem.”

ASGA is the industry association representing a broad spectrum of sporting and active lifestyle goods industry participants, including manufacturers, importers, wholesalers and retailers.

28th June 2014 - ASGA WELCOMES ERICA BERCHTOLD AS NEW BOARD PRESIDENT

29th April 2013 - ASGA BACKS CALLS FOR POLITICAL SUPPORT FOR AUSTRALIAN RETAILERS


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Altitude Training Systems

ATS are global leaders in altitude training and research. From mask systems and inflatable tents to simulated altitude facilities, we help all athletes gain the competitive edge. Our…

read more

Fitness / Sport / Technology

 
 

GUNNEBO

Gunnebo is a global provider of security and access control solutions and services with sales companies in 31 countries in Europe, the Middle East, Africa, Asia, the Americas and Australia.…

read more

Attractions / Entertainment / Security / Ticketing / Venues

 
 

Digonex

Digonex is a leading provider of customised dynamic pricing solutions to clients in arts and entertainment, sport, attractions, cultural institutions and retail sectors. Digonex’s technology is…

read more

Attractions / Entertainment / Sport / Technology / Ticketing

 
 

Crystal Pools

Crystal Pools has a solid history of performance on a wide variety of government and commercial projects and is the name behind many of Australia’s most innovative and ambitious aquatic…

read more

Aquatics / Design

 
 

HYPOXI Australia Pty Ltd

HYPOXI®  is one of Europe’s most successful health and weight loss studio concepts.  It’s the first weight loss technology to incorporate exercise with advanced vacuum and…

read more

Fitness / Technology / Wellness

 
 

APT Asia Pacific Pty Ltd

APT (Advanced Polymer Technology) is the leading global manufacturer of polyurethane-based materials, acrylic coatings and synthetic turf products for sporting and recreational applications. From…

read more

Environment / Sport / Surfaces / Technology

 
 

TECHNOGYM AUSTRALIA

Technogym is the leading company in the Wellness and Fitness field all over the world. With 2,200 employees, 14 branches in Europe, U.S., South America, Asia  and Australia, Technogym exports its…

read more

Fitness / Technology / Wellness

 
 

Endeavour Turf Professionals Pty Ltd

ETP Turf is a leading Australian specialty agronomic turf consultancy that supply a wide range of services and solutions for the professional turf market, Councils and sporting facilities. Our range…

read more

Consultants / Environment / Golf / Recreation / Sport

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business