John Kavanagh
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NALI definition expanded

Q: The Government has passed a bill that cracks down on the use of super fund income strategies involving non-arm’s length income. I am a self-managed fund trustee and thought there were already rules in place to stop this sort…

Kavanagh

Treasurer Josh Frydenberg isn’t getting any support from the Reserve Bank for his argument that the banks should not apply responsible lending laws “too stringently”. Frydenberg said in a speech last week: “The risk that the provision of credit may…

Pitfalls of investing in property with family

Two cases fought out in the Supreme Court of New South Wales this year have highlighted the tangles that family members can get into when they invest together but do not document their plans. Brother and sister, Anh Tuan Nguyen…

Latitude IPO: moderate-growth in a low-growth market

Latitude Financial Group’s prospectus, which was launched last week, aims to sell a picture of a company that is well positioned for growth. But what emerges from the offer document is a business that has focused on efficiency, rather than…

Millenials plan to stay with mum and dad longer

Young adults are planning to live longer in their parents’ home because they cannot afford to buy their own place, according to CoreLogic’s Perceptions of Housing Affordability 2019. Thirty-four per cent of adult Australians living with their parents think they…

Counting the investment cost of climate change

Climate change will cost Australian close to 20 per cent of their retirement savings, according to estimates in an Actuaries Institute paper published last week. For a worker on median earnings, exposure to the negative long-term return implications of climate…

Stock picks for a low-rate world

Bond yields will continue to fall, driven by the negative impact of recent tariff increases, according to a new equity market report by Macquarie Securities. In an ongoing low-rate environment, Macquarie likes bond proxies and defensive stocks. It says its…

The case for global REITs

Australian investors turning to the real estate investment trust market as a bond proxy should look further afield to the global REIT sector, according to new analysis. Exchange traded fund issuer VanEck has produced a paper on the global REIT…

SMSF borrowers may have to recalculate their balances

A change to limited recourse borrowing arrangements, included in new superannuation legislation, may make borrowing a less popular option for members of self-managed super funds. The outstanding balance of borrowings of self-managed superannuation funds will, in certain circumstances, have to…

ATO increasing tax return checks

Q: I saw that the tax office is planning to review every tax return, not just a sample, looking for incorrect claims. What will it be targeting? A: The tax office says that each year it contacts about two million…