The Centralian advocate Tue 20 May 2008
Centralian Advocate; NewspaperNT
Incorrectly numbered on first page as v. 61 no. 102; This publication contains may contain links to external sites. These external sites may no longer be active.
Community newspapers -- Northern Territory -- Alice Springs; Tennant Creek (N.T.) -- Newspapers; Alice Springs (N.T.) -- Newspapers.; Australia, Central -- Newspapers
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v. 61 no. 103
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14 Centralian Advocate, Tuesday, May 20, 2008 P U B : C A D V D A T E : 2 0 -M A Y -2 0 0 8 P A G E : 1 4 C O L O R : C M Y K BUSINESS & FINANCE Up for sale: one railway Daniel Burdon THE owners of the Adelaide to Darwin railway, FreightLink, are looking to sell the company. After winning the 50-year con tract for the operation of the railway, and completing the Alice Springs to Darwin leg of the r a i l w a y i n e a r l y 2 0 0 4 , FreightLink wants to sell. FreightLink CEO John Fullerton said the company had achieved exceptional growth in a very short period and the business is well-positioned to further expand its activities in the emerging minerals sector along the Adelaide-to-Darwin rail corridor. The company has had several mishaps since completing the railway, with three collisions and floodwaters south of Adelaide River slowing trade. But Mr Fullerton said new owners have the chance to capture substantial growth in the future, especially from the haulage of bulk minerals for export and to participate in new rail opportunities across the interstate network. He said: Quality rail assets in Australia are highly regarded for their strategic value and this presents a rare opportunity for investors to acquire a rapidly growing business in the transport and logistics industry where rail will play an increasingly significant role. With three major mining contracts already under-way, and more growth expected in the lucrative industry, FreightLink could become a major transport industry player in exporting Australian minerals. FreightLink has appointed UBS as its sale adviser. Nominations closing for business women awards THE public have less than three weeks to nominate outstanding business women for the Telstra Busin e s s W o m e n s Awards. Nominations close on Friday June 6 and winners will share in more than $200,000 in prizes. Award categories in clude: Owner, Private Sector, Community and Government, In novation and Young Businesswoman for those under 35 years. Anyone who would like more information on the awards can go t o t h e w e b s i t e www.businesswomens awards.telstra.com BUSINESS IN THE CENTRE www.nt.gov.au/business DEPARTMENT OF BUSINESS, ECONOMIC AND REGIONAL DEVELOPMENT phone 8951 8524 Centre Refrigeration & Air Conditionings Brendon Taylor at his factory which was recently sold. Picture: JUSTIN BRIERTY Haden buys out aircon business Daniel Burdon A NATIONAL engineering firm has bought a long-time Alice Springs air-conditioning business for more than $1 million. Haden Engineering bought Centre Refrigeration and Air Conditioning this month as part of its plans for expansion across Australia. Former owner of CRAC, Brendon Taylor, started the refrigeration and air-conditioning service with a business partner and a ute 27 years ago. Now with 17 employees, four of which are apprentices, Brendon decided to sell because the timing was right. He said: It opened up a good opportunity for me, as I will retire soon, but will stay on as manager for at least the next couple of years. Nothing is really going to change except the badging of the business. We will retain all current staff, and it even opens up more opportunities for them. Mr Taylor said now when and if staff want to leave town, they can transfer under Haden to another city. He said: It would be good to have a few city staff to draw on when we get really busy to help out it could even be on a fly-in fly-out basis sometimes. Haden is one of several companies under the Norfolk Mechanical umbrella company. Happy and successful doing business in Alice LOCAL businessman Stuart Field loves nothing better than to see a happy customer. Office Basics is up and running. The staff is Stuart Field (front), Kay Samios, and Dean Thorne. Now, with seven years experience in the furniture business, he is proud to have opened his own retail office furniture business. Office Basics which is located at Shop 4, Polana Centre, Smith St has been open for the past four weeks. Business is up and running providing price friendly office furniture for commercial, executive and student needs. Keeping it local, Mr Field sourced his employees through ITEC Employment and has taken on Kay Samios, who is handling the accounts, and Indigenous employee Dean Thorne, who is the delivery driver. Mr Field finds the most rewarding part of his job is the customer liaison side of things and said I love solving problems for customers, and providing expertise and insight into the products. His knowledge and experience in Occupational Health and Safety is an added bonus when assisting customers with all their workstation needs. Networking at the Department of Business, Economic and Regional Developments (DBERD) many Upskills workshops has proven to be hugely beneficial in the steps Mr Field has taken in opening his own business. Mr Field said: There is absolutely no question about the value of these workshops. You get to bounce ideas off other attendees as well as encourage each other. I would highly recommend them. Mr Field has attended the Getting Started in Business, Cashflows and Marketing workshops and is about to undertake a Tendering Essentials workshop where he will gain valuable knowledge on the tendering process. His advice for anyone thinking of opening a business is to plan, plan, plan, know your capabilities, scout your resources early and dont stop dreaming. DBERDs Upskills workshops offer practical hands-on information and are designed to enhance the capability of Territory business operators to manage their businesses in an increasingly competitive marketplace. If you have not attended one of these workshops previously you should make it a priority to get along to one of the upcoming sessions for May which are Financial Management on 21 May, and Managing your Business Finances on 22 May. Register online at www.nt.gov.au/ upskills or for further information call 8951 8524 NT, Federal Budgets THE NT and Federal Governments have handed down their respective budgets for 2008 recently. But what does this mean for you? The NT government will reduce Payroll Tax from 1 July 2008. The Payroll Tax rate will be reduced to 5.9 per cent down from 6.2 per cent. Other changes proposed by the NT Government are: No stamp duty on the first $385,000 for first home buyers; The top stamp duty reduces to 4.95 per cent from 5.4 per cent for properties valued at $525,000 and the minimum rate reduces from 2.1 to 1.5 per cent; and Various improvements to the Home North scheme. The Feds handed down a Budget with a package of tax relief measures designed to help families with education, child care and other living expenses while means testing a range of benefits. Highlights are: A 50 per cent educ ation tax refund will be available for eligible expenses from July 1; The child care tax rebate for out-of pocket child care expenses will increase from 30 to 50 per cent from July 1, 2008, with the maximum out-ofp o c k e t e x p e n s e s claimable increasing from $4354 to $7500 per child per year; Medicare levy surcharge thresholds and low-income thresholds will be increased to $100,000 for singles and $150,000 for couples; A n i n c o m e threshold of $150,000 will apply to dependency tax offsets; The proposed first home saver accounts scheme has been modified to allow individuals to contribute up to $75,000 into their first home saver account; The entrepreneurs tax offset will be subject to an income test from July 1; Eligibility for Family Tax Benefit Part B will be limited to families whose primary income earner earns $150,000 or less a year; From July 1, the luxury car tax rate will increase from 25 to 33 per cent; and A tax-exempt oneoff bonus payment of $500 will be provided to older Australians. This article is of a general nature only and is not intended to be relied upon as specific professional advice. Marc Loader CA is a director of Horwath Alice Springs, chartered accountants and business advisors.
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