Mar 14, 2018 admin Equity, Investment Opps 0 Comment

Westpac Banking Corporation has successfully completed the Offer of Westpac Capital Notes 5 with approximately 16.9 million issued at $100 each, raising approximately $1.69 billion.

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Proposed changes to dividends – Shorten’s ‘’own goal’’

Mar 14, 2018 admin Alternative Assets, Australian economy, Equity, news, SMSF 0 Comment

Dividend imputation was adopted by former Australian Prime Minister Paul Keating in 1987. The purpose was to halt the double taxation of income. By way of example; a company like Telstra would do business in Australia, pay tax on earnings, and with funds left over would distribute dividends to its shareholders as a reward for investment. The problem was, the shareholder would then pay tax on the income they receive (including Telstra’s dividend distributions), thereby effectively paying tax on money that has already been taxed.

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CommBank PERLS X Capital Notes

Mar 10, 2018 admin Equity, Investment Opps 0 Comment

Commonwealth Bank of Australia announces that it has successfully completed the Bookbuild for the offer of CommBank PERLS X Capital Notes (“PERLS X”) (CBAPG).

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Fix the roof... US Debt

Mar 05, 2018 admin Australian economy, Equity, Fixed Income, Global economy, news 0 Comment

Christine Lagarde (who heads the IMF) recently cautioned “fix the roof while the sun is shining” to US law makers. Her comments refer to an adage of preparing (when times are good) for any potential storms that may be brewing. The US Congress appears instead to be sitting around the pool, enjoying beers and BBQ, instead of turning their energy to Budget repair.

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