John Kavanagh
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Great Southern Plantations loan recovery saga goes another round

Bendigo and Adelaide Bank has lost another case in its pursuit of outstanding loans taken out by investors in the failed agribusiness scheme operator Great Southern Plantations. In Bendigo and Adelaide Bank Ltd & Ors v Kenneth Ross Pickard &…

Tax time scam alert

The Australian Cyber Security Centre (ACSC) Stay Smart Online site has issued a warning that it is seeing a surge in scammers impersonating myGov and the Australian Taxation Office and asking for money or personal details. The ACSC says scams…

Montgomery fund downgraded

Morningstar has downgraded Montgomery Investment Management’s The Montgomery Fund to negative, with a recommendation that “Australian equity investors can find better alternatives.” The Montgomery Fund strategy is to buy high quality companies with strong growth prospects at cheap valuations. The…

SMSF asset allocation shifts to international funds

The investment portfolios of self-managed super funds have shifted slightly away from listed shares and cash over the past year and taken on more managed investments. The latest Class SMSF Benchmark Report, covering the June quarter, shows that the listed…

The work test exemption for new retirees

Q: I am 67 and planning to retire at the end of the year. In understand there is a new rule that allows me to continue contributing to super for a while after I retire, even if I am not…

Kavanagh

Most of the post-Hayne discussion about financial services has been about how regulators can be better resourced and managed to make banks, insurers and wealth management companies behave better. It is as if consumers are passive, helpless bit players in…

The bigger the ETF the better

Investors considering different exchange traded fund options will usually have a better outcome selecting a bigger ETF over a small one, according to new research. Morningstar has analysed the trading history of listed funds and found that big ETFs have…

The top TD rate is now under 2.5 per cent

After two months of term deposit rate adjustments, the average rates for key terms – three, six, nine and 12 months, and three and five years – are now in a narrow band between 1.79 per cent and 1.91 per…

Cash economy crackdown

Cash transactions of $10,000 or more will be banned under a black economy crackdown detailed in new legislation. The government has released an exposure draft of a bill that restricts the use of cash and has called for submissions. The…

SMSFs can’t be used as a backstop for disaster recovery

A couple has lost an appeal against disqualification from running their SMSF, which called on the Administrative Appeals Tribunal to rule on what constitutes “severe financial hardship”. Louise Fitzmaurice and her husband Antony Bullock are members of a self-managed fund,…