The interview explores ASIC’s growing scrutiny of Australia’s $200B private credit market, highlighting concerns around transparency, valuations, and fee structures. It explains why this sector—heavily concentrated in property—carries unique risks compared to the more diversified U.S. market. It also examines the sharp difference in private credit penetration between Australia and the U.S., and why systemic… [Read More]
Blog
Tokenised Markets Set to Reshape the Financial System – The Advisory on Ausbiz
The interview explores the sweeping changes in global payments driven by stablecoins and tokenised assets, following the recent Genius Act in the U.S. This legislation effectively digitises the U.S. dollar, paving the way for asset-backed cryptocurrencies that use blockchain technology and are supported by cash or U.S. Treasuries. The discussion highlights how this shift is… [Read More]
A budget built for the ballots? – The Advisory on Ausbiz
The recent budget aligns with the election cycle, offering broad handouts rather than targeted cost of living relief. There was not much in the budget that hadn’t already been announced, except for the surprise tax cuts. While the Division 296 $3 million superannuation tax bill has lapsed, it remains included in the budget’s income projections, indicating Labour’s intention to… [Read More]
July Update – Celebrating 10 Years!
It’s hard to believe the beginning of the new financial year also marked the milestone of 10 years since founding Wealth Simplicity (or MORE Wealth Management, as it was previously known)! For some, the working relationship stretches back even further. To everyone, it’s been a real privilege to be part of your lives, helping with financial decisions… [Read More]
Reviewing your SMSF Investment Strategy
A Self-Managed Superannuation Fund (SMSF) offers control and flexibility for retirement savings, and a key component of managing an SMSF is having a clear investment strategy. The ATO requires all SMSFs to have a documented investment strategy to ensure the fund operates within the law, avoiding penalties and maintaining its compliant status. An SMSF investment… [Read More]
Superannuation Contribution Changes from 1 July 2024: How This Impacts You
With the new financial year upon us, significant changes to superannuation contributions occurred from 1 July 2024. These updates will impact how much you can contribute to your superannuation, an essential vehicle for retirement savings. Concessional Contribution Cap Increase One of the fundamental changes for FY25 is the increase in the concessional contribution cap. This… [Read More]