| 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
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
Policy and Research News|
The Australian Tax Office releases final tax
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
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
Coller Institute: Private Equity Findings (Spring
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
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
Networking & Professional Development for 2011
have a busy program scheduled already for the first half of the year
and places on some programs are filling fast!
PE/VC 101, 11 February 2011. Register now
partnered by Kain C+C
Malt Holding Case studies
partnered by Mallesons
- 10 February 2011. Register now
- 17 February 2011. Register now
- 9 June 2011. Register now
101, Melbourne, 18 February 2011. Register now
Partnered by Norton Gledhill
Bootcamp, Sydney, 17 March 2011. Mark your
Express your interest
Corporate Golf Day
Partnered by Octet Finance
Concord Golf Course, 10 March
2011. Register now
Partnered by Corrs Chambers Westgarth
Sydney - 25 March
Melbourne - 6 May 2011. Register now
Case Study Series
Partnered by Corrs Chambers Westgarth
- 23 February 2011. Register now
- 8 April 2011. Register now
- 22 July 2011. Register now
AIRG National Meeting, 27 February to 1 March
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
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.
AVCAL is the professionally
managed industry body that promotes the Australian private equity &
venture capital industry.
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