According to the Department of the Treasury, the average age of Australia’s population is increasing steadily. The Australian Government’s Intergenerational Report predicts that the proportion of Australians aged over 65 years will double within the next 40 years to make up approximately one quarter of the total population. As a result of this demographic shift, the Department of Health anticipates that by 2041 the number of people using aged care services will increase by around 250 per cent. Disability services will experience a corresponding rise in cost and importance, amounting to 14.5 percent of Australia’s GDP by 2030.
To flourish, a community requires healthy infrastructure – from roads and bridges to wastewater drains and recreational facilities. This means a community must regularly take stock of its existing assets before developing sensible strategies for their maintenance and replacement, as well as for the creation of new assets.
TechnologyOne clarifies its effective tax rate in response to the ATO’s corporate tax transparency report
Technology One Limited (ASX:TNE) has issued this update after the report released by the Australian Tax Office (ATO) listed TechnologyOne as one of the companies in Australia with an effective tax rate of less than 30 per cent.
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