Improving our international opportunities

In a climate of increasing global competition, it is important that Australian business can access international opportunities, and continue to grow Australia’s export base.

Helping Australian businesses access international opportunities

The Government will make Australia more attractive to foreign investors and for regional headquarters by aligning Australia’s capital gains tax treatment of non-residents with international norms, at a cost of $230 million over four years.

It also will remove impediments to Australian firms investing overseas and increase Australia’s attractiveness as a location for regional headquarters by allowing foreign losses to offset domestic income, at a cost of $50 million over two years from 2007-08.

Supporting Australian exporters

The budget provides $6 million to appoint new export facilitators to maximise Australian export opportunities in the United States.

This builds on commitments announced since the last budget providing an additional $30 million to the Export Market Development Grants scheme and a further $6 million to expand the Export Hubs scheme.