Hotels and clubs face post-election trouble
Although the polls suggested the recent federal election would be close, much of the Australian electorate expected the incumbent Turnbull government would claim a decisive victory and had assumed a high degree of certainty regarding various policy positions and proposed legislative changes. Without control of the Senate, implementation of the Coalition’s stated policy agenda now appears precarious with a wide range of policy areas in doubt, including proposed changes to superannuation and business tax cuts. In an article published this week in the Australian Financial Review, I discuss policy areas affecting business and investors where political uncertainty remains. Read the article here (VIEW LINK)
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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