Australian Market Analysis

Paper Summary:

This report shows how the continuing strength of the Australian economy and the growing relationships between Australia and Asia, make Australia a primary and potentially profitable market for exporting the Yinyang line of heat packs. This analysis includes sections on Australian demographics; Australian economy; potential market; Australian import regulations; and legal considerations in setting up business in Australia.

From the Paper:

"Duty is generally levied on the customs value of the goods, which may not necessarily be the same as the sale price. Another element that must be considered in our pricing negotiations is the GST (Goods and services tax) which has been in operation since 1 July 2000. GST is charged at a flat rate of 10% and is levied on the supply of goods and services that are connected with Australia and other transactions, including dealings in real estate, other property and rights. There are exemptions in relation to the supply of certain goods and services. For example, medical devices do not pay a GST, so there could be some benefit in calling our Yinyang devices medical supplies. GST is essentially a value added tax. Tax is paid at each step along the chain of transactions involving the goods or services until the end user is reached, and broadly speaking, tax is paid on the value added. It is the consumer or end user who ultimately bears the tax."

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