If this email does not display correctly, click here.
15/12/2010
Dear AVCAL Colleague, Thanks for your support for the last year. It's hard to believe we're almost into 2011. First let me wish you all a happy, healthy and safe holdiay season. Whether you are swimming, sailing, skiing or simply relaxing and recharging the batteries, I hope you have a lovely break. 2011 has been a pretty huge year for AVCAL. We had a substantial range of networking and professional development programs including the very successful annual conference. We've also had a record number of research papers which you can download from our website. On the advocacy front, we had some significant wins including the MIT CGT legislation which will benefit our members. We continue to work through the latest round of final and draft determinations from the ATO. Andrew Rothery and I had a positive meeting with Des Maloney the Deputy Chief Tax Counsel of the ATO, to discuss the implications of the latest releases and how AVCAL and the ATO can work together to make compliance easier and more efficient. We also recently met with the new Assistant Treasurer, Bill Shorten, to address on-going concerns that will need legislative responses. An example is the VCLP which needs to be brought into line with the MIT CGT legislation to ensure an alignment of outcomes for investors. So we see a busy year ahead for all key delivery arms of AVCAL - advocacy, research and member services (including events and professional development). We're looking forward to working with our fantastic partners, without whom we couldn't deliver such a large program. We owe them a huge thanks for their continued support of the industry. Kind Regards Katherine Chief Executive Latest Policy and Research News The Australian Tax Office releases final tax determinations The Australian Tax Office on 1 December 2010 released a number of final determinations and new draft determinations that affect the taxation treatment of private investment into Australia. AVCAL's response can be viewed here. Article by AVCAL Chairman Andrew Rothery in the Australian This article by AVCAL Chairman Andrew Rothery, published in The Australian, examines the recently released tax determinations by the ATO. AVCAL Research Prizes Submissions for the 2010 AVCAL Research Prizes are now closed. We would like to thank the academics and industry participants who submitted their research. The prizes will be announced in the first quarter of 2011. Coller Institute: Private Equity Findings (Spring 2010) The Coller Institute's "Private Equity Findings" synthesises leading academic research in PE. This issue focuses on demystifying the conflicting evidence on the performance of PE portfolios at both GP and LP levels; PE's effect on employment, companies and the wider economy; and the Government's impact on VC and investee companies. Thermo Fisher and Anacacia sign agreement for the acquisition of Lomb Scientific Thermo Fisher Scientific Inc. has signed an agreement to acquire Lomb Scientific (Aust) Pty Limited, a leading provider of chemicals, consumables and instrumentation to science and healthcare markets in Australia and New Zealand. Send us your news! With deal and fundraising activity picking up, we're keen to ensure our readers can stay up to date with the latest developments on this front. If you are a GP, do send us your news releases on your latest activities, or success stories, and we will be happy to post them up on our website and in future newsletters. AVCAL Networking & Professional Development for 2011 We have a busy program scheduled already for the first half of the year and places on some programs are filling fast! SA PE/VC 101, 11 February 2011. Register now Proudly partnered by Kain C+C United Malt Holding Case studies Proudly partnered by Mallesons Brisbane - 10 February 2011. Register now Melbourne - 17 February 2011. Register now Sydney - 9 June 2011. Register now VC 101, Melbourne, 18 February 2011. Register now Proudly Partnered by Norton Gledhill PE Bootcamp, Sydney, 17 March 2011. Mark your diary. Express your interest AVCAL Corporate Golf Day Proudly Partnered by Octet Finance Concord Golf Course, 10 March 2011. Register now PE101 Proudly Partnered by Corrs Chambers Westgarth Sydney - 25 March 2011. SOLD OUT Melbourne - 6 May 2011. Register now Peplin Case Study Series Proudly Partnered by Corrs Chambers Westgarth Sydney - 23 February 2011. Register now Brisbane - 8 April 2011. Register now Melbourne - 22 July 2011. Register now Other Events AIRG National Meeting, 27 February to 1 March 2011 The Australasian Industrial Research Group's (AIRG) 2011 National Meeting will be on the topic "Managing MIssion-Critical R&D and Technology". It will be held at the Grange at Cleveland Winery & Conference Centere in Lancefield, Victoria. Registrants are welcome from all spheres of the management of research, technology and innovation. As a co-sponsor of the 2011 AIRG national meeting, AVCAL members can register at the AIRG member's rate. The AIRG is also offering a special early bird rate where you can save up to $50. To receive this offer, register by Friday 31 December 2010.	Other Events AVCAL financial members receive a 10% discount on both of these forums AVCJ Australia & New Zealand Forum 2011, 2-4 March, Sydney Melbourne International Venture Capital Conference 2011, 8 March, Sydney RESEARCH PARTNER AVCAL 2010 PARTNERS DATA VENDOR
Disclaimer: AVCAL is the professionally managed industry body that promotes the Australian private equity & venture capital industry. The information contained in this e-mail, and any attachments to it, is intended for the use of the addressee and is confidential. If you are not the intended recipient you must not use, disclose, read, forward, copy or retain any of the information. If you have received this e-mail in error, please delete it and notify the sender by return e-mail or telephone. AVCAL does not warrant that any attachments are free from viruses or any other defects. You assume all liability for any loss, damage or other consequences which may arise from opening or using the attachments.