Archive for March 2022
Federal Budget 2022/2023
On Tuesday 29 March, the 2022/2023 Federal Budget was handed down by Josh Frydenberg. The measures announced in the budget are of course subject to legislative approval and to any policy changes which may come about if there is a change in Government at the federal election. Here’s a summary that we think will be…
Read MoreMarket Update: War and Inflation Impact Markets
Article by MFS For the week ending 25 March 2022 As of noon on Friday, global equities struggled to advance on the week, marking consecutive weekly gains for the first time in 2022. The price of a barrel of West Texas Intermediate crude oil rose to $113.47 from $104.69 last Friday. The yield on the US…
Read MoreATO crackdown on Family Trusts
In an effort to crack down on Family Trusts, the Australian Tax Office (ATO) released a draft ruling and accompanying guidance in February. The draft ruling suggests that they intend to target ‘reimbursement arrangements’, generally referred to as Section 100A. There is much detail trustees and beneficiaries need to get their heads around, but for…
Read MoreInsurance – trends tips and traps in the wake of a(nother) natural disaster
Natural disasters are becoming increasingly common, severe and geographically indiscriminate. This is having an expensive ripple-on effect: higher insurance premiums, more instances of under-insurance and more pressure on the tax-payer to meet the shortfall. So what can you do to stay protected? If you haven’t had to review your property insurances in the last 12…
Read MoreLegislation changes to super – benefits individuals aged 60+ and First Home Buyers
Proposals from the 2021 Federal Budget in relation to superannuation have now passed legislation and will come into effect on 1 July 2022. Benefits include savings opportunities and tax reduction measures especially for people aged 60+ and first home buyers. Benefits to people aged 60+: Individuals aged between 67 and 75 will no longer be…
Read MoreEmployers prepare for March FBT deadline
Employers who are registered as a Fringe Benefits Tax (FBT) payer must complete paperwork for the ATO this month. Those who have an FBT liability are required to take further action, and lodge returns and pay by 23 May. Different types of benefits can include employer-provided vehicles and parking, entertainment and meals, interest-free or low-rate…
Read MoreMarket Update: Volatile commodoties | Turmoil takes toll | Gold back in vogue
Article by Perpetual The Perpetual Weekly briefing is a summary of discussions our team has had over the course of the week regarding key investment themes, markets and stocks. Commodity markets don’t know which direction to take. Volatility in commodities saw prices first surge before being dragged lower by double digit moves in oil prices. Oil…
Read MoreMarket Update: Russian Invasion Fuels Market Volatility
Article by MFS Investment Management With the humanitarian crisis resulting from Russia’s invasion of Ukraine growing, we wish to express our sincere concern and support for the people of Ukraine and our hopes for a swift de-escalation of hostilities and a peaceful restoration of the country’s national sovereignty. Russia has been isolated from the global…
Read MoreMarket Update: Australian Equities Update
Article by Perpetual Volatile markets continue Equity markets are experiencing significant volatility. Even before the shocking events in Ukraine took place last week equity markets had been grappling with the prospect of rising interest rates to contain high levels of inflation. Although Ukraine will focus minds on the short term, we believe the issue of…
Read MoreMarket Update: Potential Implications of Russian Invasion of Ukraine on Global Markets
Article by MFS Investment Management The breakout of a severe geopolitical crisis following Russia’s invasion of Ukraine has significantly increased major uncertainty in global markets. While accurately predicting geopolitics is an impossible task, the purpose of this note is to articulate our views on the potential impact of the crisis on the global macroeconomic backdrop…
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