Australian Chamber of Commerce pushes for Government to shield businesses from costly stamp duty

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The Haymarket

For more than 80 years, The Haymarket has been a locally owned and operated company in Ballarat. Greg, Ian, Philip, and Robert Taylor continue to run the family business. Proudly employing over thirty staff, we support many community events and clubs throughout the Ballarat region. 

Originally trading as the Hancock Company, the business first began in 1943 and was located in Armstrong Street, opposite the new Government Hub site. We are now located at 112 Market Street on the corner of Doveton St Ballarat, as well as having a second outlet at 902 La Trobe Street Delacombe and the family farm at Camperdown-Lismore Road Lismore provides grain and hay for our produce department.

Australian businesses are urging governments to protect small businesses from costly restructuring under the proposed 30% minimum tax on discretionary trusts. The tax may force many family businesses into company structures, triggering stamp duty on asset transfers and adding tens of thousands in extra costs. Read more here. 

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