July 14 2016
When financial markets get a shock, things happen quickly. Investors panic, markets plunge, the media fuels the situation with “crisis” headlines and reason flies out the window. The recent UK vote to leave the European Union is just the latest "crisis" to throw markets into chaos. The Pound Sterling plummeted to a 31-year low and trillions of dollars were wiped off global sharemarkets. Australia hasn’t been immune from the carnage, with the ASX 200 Index falling over 3 per cent and consumer confidence ratings falling in the face of increased uncertainty.
May 9 2016
RBA concerned Negative Gearing affects Financial Stability
The Reserve Bank of Australia has expressed concern about negative gearing and the tax concession for capital gains, saying any change that discouraged negative gearing might be "a good thing" from a financial stability perspective. Labor has come under sustained attack from the Coalition for promising sweeping changes to Australia's negative gearing and capital gains tax regime to save $32 billion over 10 years.
May 4 2016
The biggest tweaks to superannuation policy in a decade will force many savers to adjust their affairs. However, only a small number will be sufficiently deterred to move money outside the nation's retirement savings system. Experts say the changes designed to stop investors from taking unfair advantage of the system are likely to push the wealthy into a mix of old and new strategies, including negative gearing, early-stage investment and family trusts.