Don't miss the July edition of Resort News – the definitive resource for every aspect of the management rights sector! Packed with essential insights, trends, interviews, expert commentary and tips, this issue is your go-to guide for staying informed and ahead in this thriving industry.

A changing of the guard:
The future of management rights depends on fresh talent

The management rights industry is at a pivotal moment. For decades, it has appealed mainly to Baby Boomers and Gen X investors and business operators who viewed it as a stable, lifestyle-friendly way to generate income while preparing for retirement. Many came from corporate careers and were drawn to the opportunity to live onsite, run a business, and play an active role in hospitality and real estate. But the sector is ever evolving. A new wave of operators has emerged...

Brisbane’s Bold MLR Boss:
Yun Bai’s story of strength and strategy

For Yun Bai, hospitality is more than a career. It is part of her DNA. Raised in Shanghai, she grew up in a vibrant four-star hotel managed by her mother. Her childhood home was a guest room, the hotel kitchen was her pantry, and the staff were like extended family...

Are you ready for the tax man?
Happy new financial year!

Every year from July 1, all Australian resident taxpayers must provide the deputy commissioner of taxation with a compliant tax return declaring all amounts of assessable income and the associated expenses they have incurred in earning this income. For some, this is quite a simple affair, but for most, trading within the accommodation industry it can be more complicated.
More often than not, an entity tax return, such as a trust, company or partnership, must be completed as well as at least one individual tax return...