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Aussies on the BBQ – worthwhile watch
If you’ve had the growing sense that all is not well with Australia, its economy and future, this keynote address at the Australian Institute of Progress Brisbane on 23rd August 2024, will show you why. It is well worth the hour+ watch. Yes watch it here. It is full of useful visuals explaining the current and future (ill)health of the Australia.
Macquarie Bank – authenticator deadline
From late November 2024, clients with a Macquarie Bank account will need to download the Macquarie Authenticator to approve payments. The Macquarie Mobile Banking app and the Macquarie Authenticator app are separate apps, and you will need to download both on your phone. How is Macquarie Authenticator safer than SMS? The authenticator includes a high level of security using multi-factor authentication.
SMSF trustee structure – which is better?
When you set up a self-managed super fund (SMSF) you can choose one of two ‘trustee’ structures: individual or corporate. Which is ‘better’? That’s up to you. Most of our SMSF clients choose corporate for the following reasons single member SMSFs are allowed easy to add/remove members as needed (such as with separation or death) greater borrowing capacity and/or better
Collectables – ATO rules clarified
Some of our SMSF clients invest their super in ‘collectibles’ such as artworks, antiques, artefacts, memorabilia, wine and spirits, jewellery, motor vehicles and more. Might sound enjoyable, but the ATO has strict rules around storage, usage and insurance to ensure such investments are made for genuine retirement purposes, and not to provide any present-day benefit, including enjoyment. The ATO details
Finance visionary predicts crash soon
In August, veteran finance icon Jim Rogers expressed concerns about an imminent US market crash and, according to an interview with The Economic Times, he is hoarding cash in preparation. “America and the world is long overdue for a problem. The reason I have a lot of cash is because I expect the next sell-off to be the worst in my lifetime,
CBDCs – are you ready?
Most people will have heard now about the plans to introduce Central Bank Digital Currencies (CBDCs) in countries around the world, including Australia. By March 2024, the central banks of 134 countries, accounting for 98 per cent of the world’s GDP, were said to be in various stages of evaluating the launch of a national digital currency. CBDCs are purported