John Kavanagh
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Tyro to use IPO proceeds to expand into e-commerce

Payments company Tyro will use funds raised from its initial public offer to develop the e-commerce side of its business, including a planned hub for the integration of apps and payment terminals. Tyro has lodged a prospectus and is launching…

ATO reports high super contribution breach numbers

Keeping up with changes to superannuation contribution rules over the past couple of years has been a challenge for super fund members. The tax office reports that in the 2018/19 financial year it issued 192,000 determinations to people who had…

Dogs of the Down Under flops

Investment manager DNR Capital has attempted to reproduce the long-standing Dogs of the Dow investment strategy, using a local sharemarket index. It did not work. Dogs of the Dow is an investment strategy that attempts to beat the market index…

ATO gives further clarification on Aussiegolfa

The Australian Taxation Office has provided a further update on the implications of the Aussiegolfa case, confirming its view that a self-managed super fund trustee could contravene the sole purpose test by investing in a sub-fund of the DomaCom Fund…

Kavanagh

The Government’s Retirement Income Review panel has sidestepped the question of whether the family home should be included in the Age Pension assets test and it is not clear that it will directly address the question of whether the superannuation…

Equity income mindset needs to change

Investors need to change the way they think about generating income from their equity investments and be prepared to draw on capital gains as well as dividend payments. Two of Australian’s most successful equity managers, Platinum Asset Management chief executive…

RBA quantifies the home loan loyalty tax

Bankers have rejected the idea that long-standing customers with mortgages are paying a “loyalty tax” in the form of higher rates than the rates new customers pay. But Reserve Bank analysis shows that is exactly what is happening. According to…

The return of value

One of the anomalies of the equity market over the past few years is that value stocks have underperformed growth. For the best part of the last century, buying stocks that were cheap was the best way to make gains.…

Suncorp launches hybrid

Suncorp has launched an issue of hybrid securities, offering the same pricing as Commonwealth Bank when it launched PERLS XII Capital Notes last month. Suncorp is looking to raise A$250 million. Suncorp Capital Notes 3 will be priced at a…