RIP LVIT

Never in the history of retail has so much been written by so many over so little. I refer, of course, to the LVIT (Low value imports threshold). Someone has even taken time out to change the acronym from LVT to LVIT. The Productivity Commission has spent hundreds of thousands of our money preparing a report that was about 3cm thick and weighed about 3kgs. CEOs have blamed the LVIT for their poor performance. Unconfirmed reports claim that a cleaning lady blamed her low wages on the LVIT. Austra

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