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 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
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