The Federal Government is determined to overhaul the tax system to make it simpler, globally competitive and rewarding of hard work, Treasurer Wayne Swan says. He welcomed the release today of consultation papers by the head of the tax review Dr Ken Henry, who is the Federal Treasury chief. The review, which has until late next year to report to government, has received 500 formal submissions and 260 pieces of correspondence so far. -- AAP

RIVERVIEW RISE RETREATS

THE OFFER: &lsquoRiverview Rise Retreats, boutique 5 Star (AAAT Rated) self catering accommodation business / Bed Breakfast 4 year old established business. Perfect lifestyle business for a couple to operate who seek to get out of the city rat race. One of only Seven in Australia accredited by AAATourism LOCATION: This lifestyle business is Located in the tourism hub of Mannum in South Australia, one hour from Adelaide on the Murray River. The property consists of 28 acres of land with spectacular 180 degree views of the Murray River situated well above the 1956 flood level. Zoned for Recreation Tourism with further subdivision being an acceptable form of development approved by Council and the South Australian Development Assessment Commission. Existing Retreats (dwellings) may be subdivided from the main property and sold off individually. Further land division is possible. 5 minutes out of town, pubs, shopping eateries, boat ramps entertainment. Bitumen road frontage. Only 5 minutes from town centre. BUILDINGS INFRASTRUCTURE: 3 x 5 Star self catering retreats ( being individual houses spaced at 150 meters) all with great river views, fully fitted and furnished (Council approval to build 4th) All having first class fittings, furnishings, spa, laundry, 48 inch plasma TV, in house cinema, high-speed broadband, air con, total black-out curtains, memory foam king size beds, fully appointed kitchens and private BBQ balcony. Massage room with grape vine shaded entertainment are and waterfall gardens. Large area under shade sail for functions of up to 150 people Extensive car parking for cars and tour buses Double car shed 100ft x 40ft shed with full category 3 Industrial approval for manufacturing/hobby/vehicle collection/ sub-letting. It also is fitted with 3 phase power and industrial air extractor. Granny flat 8 year old huge owners residence with 3 bedrooms and large office, 8 foot veranda around the house. Indoor-outdoor living area which can be used as a Restaurant with river views. Private water supply with licence to take 5,500 kilolitres of water for stock and domestic use from the Murray River Private water supply infrastructure including pump shed and power Fox proof poultry yard Fenced Vegetable garden. Wildlife enclosures. 20,000 gallons of rainwater storage. LANDSCAPING: Native gardens on automatic watering computers 300 tree olive grove already producing quality oil. Lawns with pop-up sprinklers Low maintenance garden design. BUSINESS STRUCTURE: Presently operated as a family business by Wink Michael Chorney and employing a cleaner, chef and masseuse on a casual as required basis &middot Accounting for all financial/Tax matters managed by Henson Lloyd Chartered Accountants &middot Business activity/occupancy statistics maintained since opening in September 2006 &middot The business is GST registered. &middot The Retreats and business are 4 years old and have shown progressive growth even through the GFC. &middot Presently turning over around $168,000 AUD with potential of earning well in excess of $287,000+ per year. &middot Average nightly Tariff is AUD$345 MARKETING: Target market is boutique accommodation destination for special occasions weddings, anniversaries, luxury lodgings and romantic getaways. Business is generated via the internet for full international exposure holding prime positions in Google search on page one for numerous key words for terms such as &quotRomantic Getaways SA&quot, &quotfive star luxury&quot, &quotanniversary packages&quot and many more also receiving good exposure through social media Twitter an Facebook. Intensive SEO (Search Engine Optimization) is an ongoing marketing strategy performed in-house. The business operates a number of web sites to target different sub-markets. TRAINING: If required present owners are prepared tonegotiate 6 months training backup as entry to this business in good faith. Condition of sale is FREEHOLD. Asking price range AUD $1,300,000 to AUD $1,500,000 Please visit Riverview Rise Retreats web site for a better understanding of what is on offer http://riverviewriseretreats.com.au/Please contact Steve Foreman 08 8334 0644 or 0418 778 800

BAKERY/SANDWICH BAR/CATERING - PRICE REDUCTION $160,000 + SAV

Long standing solid business of 56 years.Current owner 21 years.Located in the western suburbs.The business has a reputation as a well priced, great service, quality business and is known Adelaide wide.High profit lines, cakes, pastries etc.NO BREAD.NO NIGHT BAKING.An attractive income for husband and wife.Huge area with opportunity to incorporate cafe/coffee shop.(RLA66335)ID 737Contact Tony Ryan 8223 1337 / 0434 968 267