-
Lower Interest Rates Can Guarantee One Thing
Read more: Lower Interest Rates Can Guarantee One ThingAustralia appears to be stuck in an economic malaise. Household debt has never been higher, wage growth is stagnant, gross domestic product per capita (everyone’s share of the economic pie) has been shrinking. And this was with interest rates already at record lows. Solution? Cut interest rates further. Will it work? Well maybe the RBA should read their own research papers before encouraging further borrowing. Last week the RBA released a new research paper titled, The Effect of Mortgage Debt on Consumer Spending. Cutting to the chase, Australia is probably ‘mortgage debted out’. As the paper concludes: Consistent with international…
Topics:
-
Convictions Are Great Until They Aren’t
Read more: Convictions Are Great Until They Aren’tNeil Woodford has a neck thick like a rugby player and a head shaped like it was chiselled out of granite, it could be mounted somewhere on Easter Island. Imposing is an appropriate word to describe his appearance. Woodford is a man screaming conviction. Charlie Aitken is almost the opposite, but no less memorable. His features are sharp, he’s thin. Hair slicked back, often wearing a smug smirk; he appears supremely confident, giving the impression you should be listening to him. Aitken is a man screaming conviction. While Woodford looks like he could be cracking heads outside a nightclub and…
Topics:
-
Protection from The Poachers
Read more: Protection from The PoachersWildlife poaching remains a regrettable occurrence in a world that continues to modernise. Driven by lax laws, a demand for ornamental souvenirs and nonsense beliefs that exotic animal parts can cure diseases such as cancer, poaching has remained impossible to stamp out. At the root of poaching is access and money. We don’t have elephants, rhinos or tigers in Australia, so there goes access. More specifically, while still poachable, our wildlife is quite prolific without many parts that can be turned into expensive trinkets. The margin isn’t there. While there is poaching of native wildlife in Australia, we also enjoy…
Topics:
-
Super Insurance Opt-In
Read more: Super Insurance Opt-InOn 1 July 2019, the government’s Protecting Your Super package introduces new laws designed to protect members from paying unnecessary fees and insurance premiums. If you have multiple superannuation accounts or superannuation accounts which are deemed to be inactive, you may have received a super insurance election form from your fund recently. Inactive super accounts are those which have not received super contributions for at least 16 months. From 1 July 2019, under the new “Protecting your Super” reforms, super funds will cancel insurance on inactive account. If you have an affected account your super fund would have contacted you.…
Topics:
-
The Coalition wins a third term – your superannuation policy update in preparation for the end of the financial year
Read more: The Coalition wins a third term – your superannuation policy update in preparation for the end of the financial yearThe Coalition Government has been re-elected in the 2019 Federal Election, with a small majority of seats in the House of Representatives, after taking a policy of stability for superannuation to the election. After the introduction of the significant legislative changes which came into effect on 1 July 2017, you may be relieved to hear that for at least the next three years we hope to have sustained stability for super. You may also be relieved to hear the proposal to ban refunds for excess franking credits and other superannuation changes will not be implemented. This means that you can…
Topics:






