Global Market Review March 2018

Apr 04, 2018 admin Australian economy, Equity, Fixed Income, Global economy, news 0 Comment

The Australian stock market had a rollercoaster ride in March, initially dipping on President Trump’s announcement of 25% Tariffs on steel and 10% on aluminium imports. Australia negotiated a carve out, enabling stocks to somewhat recover. However the Banking Royal Commission and a weakness in technology stocks (in light of the Cambridge Analytica scandal) left the index 3.8% weaker.

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Winners Fintech Business Awards 2018

Apr 01, 2018 admin Australian economy, Equity, innovation, news 0 Comment

Peta Tilse and Sophisticated Access were finalists in several categories at the Fintech Business Awards.

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WESTPAC ISSUES $1.69 BILLION OF WESTPAC CAPITAL NOTES 5

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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