Home' InDaily : February 26th 2010 Contents E74669
Alinta Energy is a power generation and energy retail business with assets across
Australia and New Zealand. They have interests in 12 operating power stations
representing approximately 2,800MW of installed generation capacity.They are the
largest privately owned gas retailer in WA with over 570,000 customers as well as
being the second largest generation business in that state.
This is your chance to join the team and expand your corporate tax experience.
As a member of the specialisedTaxationTeam you will contribute to the management
of the Group's company income tax, indirect tax requirements and compliance.
This role will see you able to use your current expertise and for you to share that
with business units and other non tax people. You will also have the opportunity
to grow your skill base through the mentoring and training offered by the other
team members. You will need exposure to corporate tax issues, experience in
the preparation of BAS and FBT returns. Any exposure you have to Tax Effect
Accounting would be highly regarded.
We are looking for a candidate (CA/CPA) or near who has practical experience
in a taxation role, technical expertise and strong communication skills. Being able
to translate the complex to understandable is critical to your success. The ability
to in uence and educate others will ensure quality outcomes and compliance for
the Business. In return for your expertise you will enjoy the team environment,
career development opportunities and a competitive salary package will be offered
in recognition of your experience and expertise.
Show us your expertise and expand your horizons. Send your resume in Word
format quoting Ref: 2249 to email@example.com Your telephone
call to Allison Ashby or Adam Kennedy on 08 8228 3800 is welcomed.
ARE YOU ON THE WAY UP?
February 26 - March 4, 2010 people & places
Emerging Issues was the theme
of Pitcher Partners inaugural
property breakfast seminar at
Adelaide Convention Centre.
International industrial property
analyst Andrew Gerlach and
Pitcher s head of tax consulting
Richard Brooks, the seminar drew
a full house of 200 people.
Brooks got the audience s
attention when he labelled South
Australia s property tax regime
"absolutely embarrassing", a
"disgrace" and "silly compared to
"Promises made by both major
parties in the lead up to the state
election did not go far enough,"
Mr Brooks said.
"It s absolutely embarrassing
that South Australia has a top
land tax rate of 3.7 per cent.
"The rate is double that of other
"It makes us look silly and is
Mr Brooks said the differing
rates between states meant it was
far more attractive for property
developers and investors to take
their business elsewhere.
"Payroll tax is also a disgrace,"
Colliers International director
Andrew Gerlach also spoke at
the seminar giving an overview
of South Australian property
Asked about the economic
development impact of the city s
two stadium options -- Adelaide
Oval and Riverside West -- he
said he believed in the need for
commercialisation of the river
precinct on the western side of
the River Torrens.
Pitcher s senior partner
Jeff Allen, who compered the
breakfast, said he was happy with
"We ll be definitely holding
more in the future," he said.
Expert slams state's
rates on property tax
Fast track to big time
South Australia s defence
industry played a vital role
in the ascent onto the world
stage of SA-based simulation expert
Sydac, the Adelaide-based
bought in December by a German
company for an estimated $10
million had its beginnings in the
defence industry more than 20 years
Born out of the Defence Science
Technology Organisation (DSTO)
at Salisbury, Sydac was begun
by two engineers who started a
consultancy to provide engineering
services and simulation technology
for the nation s Defence operations.
Turnover in the company s first
year was about $50,000.
Sydac has enjoyed phenomenal
growth since then, turning over
more than $20 million a year.
Recently bought by Germany s
Knorr-Bremse, Sydac has grown
from its humble beginnings to
compete on a world stage, has
multinational competitors and
employs 128 workers, most of whom
live in Adelaide.
The company s CEO, Adrian
Smith, says the change of
ownership will impact only
marginally on the company s
"It will be business as usual,
despite our change of ownership,"
"The Defence projects Sydac
undertakes may change, but
in absolute terms our Defence
business will continue to grow."
Mr Smith would not reveal
details of Sydac s sale, but industry
analysts believe $10 million is a
conservative estimate of the deal s
worth. Mr Smith will become
Sydac s managing director,
reporting to Knorr-Bremse s Asia-
Pacific office based in Hong Kong.
He says most of the 25 new jobs
created at Sydac in Australia this
year will be based in Adelaide.
Sydac was set up to service the
Defence sector but diversified into
general commercial business in
the late 1990s to reduce its reliance
on Defence work and insulate it
against the ups and downs of the
industry s procurement business
It now builds simulators for
land-based vehicles -- such as
trains, cars and trucks -- as well as
for its original market, military
Sydac s Defence work has
included developing war-gaming
software for the Australian Defence
Simulation Office, constructing
simulators for Boeing Australia;
building virtual electronic warfare
for P3 Orions and producing
modelling for the Jindalee Over the
"We have done a lot of work
for the DSTO -- building virtual
environments to evaluate new
capabilities and techniques and
equipment, and we look after
the simulators for the new M1A1
tanks," Mr Smith says.
Sydac, which has also developed
a reputation around the world
for train simulation, exports its
expertise to countries including
South Africa, Indonesia, England,
New Zealand, Scotland and
Norway. It was recently awarded
the Business SA Export Premier s
Award and the SA Engineering
Mr Smith says export
opportunities continue to flourish
for Sydac s train simulation
business and this is where growth
The Defence sector, which
currently accounts for about 40
per cent of Sydac s workload, will
remain an important part of its
"We will always be a Defence
company," Mr Smith says.
"It s just that, over time, there
will be some rationalisation and
change of focus, but we will always
be involved in Defence training,
simulation and operations."
He credits the $8 billion Air
Warfare Destroyer (AWD) contract,
which is expected to run over many
years, with creating opportunities
for various companies which
supply the Defence sector.
"The AWD project is sucking
up a lot of resources and that,
in turn, is creating a lot of other
opportunities, so even if you re not
working directly on the AWD there
is plenty to do," he says.
In the Defence arena, Sydac
competes against global giants such
as the French-owned Thales and
Canadian Aircraft Electronics.
"Sydac is a minnow in the
defence industry but our size also
gives us a competitive advantage,"
Mr Smith says.
"Sydac focuses on clever
innovation and intellectual
property rather than cheap
labour, which fits in well with the
defence industry because Defence
is about high-level intellectual
"We are up against big global
Defence players, such as Lockheed
Martin, Boeing, British Aerospace
and Raytheon, which also supply
Unlike its simulation analysis
competitors, however, Sydac does
not supply weapons systems or
aircraft to the Defence market.
"This means it is in a unique
position and offers totally unbiased
results when it undertakes
simulation analysis," Mr Smith
"There is never any question
that our results are anything other
than unbiased because we have no
vested interest in trying to make
any particular type of equipment
Kate Nash Sydac CEO
Adrian Smith in
a train simulator.
of tax consulting
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