kpmg-econtech-final

ABCDCPA AustraliaEconomic Analysis of the Impacts of Using GST to Reform TaxesSeptember 2011DisclaimersInherent LimitationsThis report has been prepared as outlined in the engagement letter of July 2011 between KPMGEcontech and CPA Australia.No warranty of completeness, accuracy or reliability is given in relation to the statements andrepresentations made by, and the information and documentation provided by, the CPA Australiaconsulted as part of the process. KPMG Econtech have indicated within this report the sources of theinformation provided. We have not sought to independently verify those sources unless otherwise notedwithin the report.KPMG Econtech is under no obligation in any circumstance to update or revise the observations made inthis report, in either oral or written form, for events occurring after the report has been issued in finalform. However, should additional documentation or other information become available which impactsupon the observations reached in our report, we reserve the right to amend our observations accordingly.The findings in this report have been formed on the above basis.Third Party RelianceThis report has been prepared at the request of CPA Australia in accordance with the terms of KPMG’sengagement letter dated July 2011. Other than our responsibility to CPA Australia, neither KPMG norany member or employee of KPMG undertakes responsibility arising in any way from reliance placed bya third party on this report. Any reliance placed is that party’s sole responsibility.Electronic Distribution of ReportsWe understand that CPA Australia intends to use our deliverables internally and in consultation withstakeholders, and may wish to release the report to the public. In that case, the report must be released toany third party in its entirety.CPA Australia agrees that it will not use the deliverables in a way that may adversely affect ourreputation.Responsibility for the security of any electronic distribution of this report remains the responsibility ofCPA Australia and KPMG accepts no liability if the report is or has been altered in any way by anyperson.© 2011 KPMG, an Australian partnership and a member firm of the KPMG network of independentmember firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.The KPMG logo and name are trademarks of KPMG.Liability limited by a scheme approved under Professional Standards Legislation.