The recent data breach from Optus has put the security of personal information at the forefront of everyone’s mind. While anyone who has been a customer of Optus is rightly concerned, the reality is that data breaches are not uncommon, and there are many other methods cyber criminals use to steal personal information for their… [Read More]
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June Quarter Update – The Recession we need to have?
This year we have seen inflation at 50-year highs, unemployment at 50-year lows, soaring oil/petrol prices like the 1970s ‘oil shocks’, sudden interest rate hikes, big price falls in share markets, losses on so-called ‘risk-free’ government bonds, the collapse of crypto markets, ‘one in 100-year’ floods every few months in Australia, heatwaves in Europe, new… [Read More]
March Quarter Update – War, Inflation & Rising Interest Rates
The Government’s pre-election budget was brought down in early April. Thankfully, there were no significant changes to the rules around superannuation and family structures and this appears to be the commitment coming from both the major parties in the run up to the Federal election. The only announcement of note was the extension of the… [Read More]
The Importance of General & Enduring Powers of Attorneys
Whilst the number of SMSF’s and Members continue to grow each year little attention is given to ensuring that Members have adequate General and Enduring Powers of Attorney (PoA) in place. Yet having adequate General & Enduring POA’s is vital to ensuring the Member’s affairs are properly managed and that their Fund continues to operate… [Read More]
Enhancing the Super System from 1st July 2022
Late last year the government introduced legislation titled “Enhancing Superannuation outcomes for Australians and helping Australian Businesses invest” which is expected to come into effect on 1st July 2022. The changes are positive with one of the key aims of the legislation being to increase the flexibility of Superannuation as well as reduce costs. The key… [Read More]
December Quarterly Update – A bumpy ride ahead
Although global share markets finished the quarter 7.9% higher on average, it wasn’t all smooth sailing, with markets declining in November on concerns the spread of the Omicron COVID variant would put company earnings at risk. In addition, news of more persistent and higher inflation became an increasing focus of investors. Whilst a 6.8% annual inflation… [Read More]