This book has been written with the intention
of contributing to the understanding, and to the rational
application by business, of the financial facilities currently
being offered in Australia. It is a readable guide to sources
of finance, including debt, equity and Government assistance,
with an emphasis on a practical rather than theoretical approach
to the subject.
The sequence of Parts and Chapters takes
a business progressively through financial development from
business concept to maturity stage. The primary objective
is to provide a basis for managerial decision making.
In recent years the Australian financial
system has undergone major changes. Successive Australian
Governments have introduced many policy initiatives to invigorate
Australian business activity and to create a more competitive
atmosphere in the financial sector. This has certainly occurred,
at least in terms of greater competition between the financial
Australian business now has available
a broader range of financial services than ever before. The
challenge is to stimulate commercial and industrial activity
and this is largely the responsibility of the business community
itself rather than the Government of the day.