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Q&A: Doing business in Australia

Tell us about your background and your current role

I am a Chartered Accountant, Director of SRJ Walker Wayland and Head of Businesses.  I have a portfolio of diverse and dynamic business clients and I am their trusted advisor.  I have a background in Commerce in the Medical Industry having moved to Business Services 11 years ago.

How would you describe the firm you work for?

A well-established and connected business advisory, chartered accounting and audit firm with national and international reach based in South East Queensland, Australia.

Our team of specialists are highly regarded in the areas of business growth and management. The firm’s focus is on growth for the businesses we service, our team of

What makes Australia an attractive place to do business?

  • Australia offers a business environment that is ranked 15th out of 190 economies for ease of doing business.
  • Australia provides a safe, low-risk environment in which to do business
  • Australia is globally successful in five key industries: resources and energy, agribusiness, financial services, education and tourism.
  • Australia supports world-class, globally significant research and development opportunities.
  • It is a resilient and growing economy
  • The country has a robust regulatory system noted for its stable institutional frameworks and strong finance and banking regulations
  • competitive rates for office space and the remuneration of professionals
  • a quality of life that is rated the seventh highest in the world.

Does the Australian economy look favourably upon British goods/investment?

Yes it does. Doing business in Australia is very similar to doing business in the UK. If your product or service is successful in the UK, there’s a good chance you’ll be successful in Australia.

What is the most important piece of advice you would give to UK businesses?

I would suggest a new business gains a comprehensive understanding of local laws and regulations governing the target markets. From tax implications through to trading laws as navigating legal requirements is important for any successful business.

Also establishing the eligibility to trade is a significant consideration when entering into new markets.

What is the single biggest challenge a UK business looking to export to Australia needs to overcome?

Australia’s eastern cities are approximately 24 hours away from the UK by plane and Australia is between 7 and 11 hours ahead of the UK. This needs to be taken into consideration if issues need to be dealt with within the business either in person or discussions.

What is the single biggest challenge facing the accountancy world in your country right now?

Accountants will use increasingly sophisticated and smart technologies to enhance their traditional ways of working, and these technologies might even replace the traditional approach. Cloud software will support the move to support more outsourcing.

24 Nov 17
Karen Mortimore, Director, SRJ Walker Wayland