John Kavanagh
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Watchdog asks whose interests marketplace lenders represent

The corporate watchdog has highlighted conflicts of interest in the marketplace lending industry that may need to be managed better. The Australian Securities and Investments Commission has released the results of a survey of the sector, revealing a market still…

Superannuation changes caught in legislative logjam

Federal Parliament has gone into a short recess before resuming on June 13 for the final two weeks of the current session, with a large amount of Budget-related legislation to deal with before the end of the financial year. Bills…

Unloved LIC back in favour

Equity market researcher Independent Investment Research has given out-of-favour LIC Chapman Ltd its backing, following a restructure of its management team and investment portfolio. Chapman is an investor in start-up and early stage companies. Its strategy is to investment in…

Argo’s stability and strong income flow earn it an upgrade

Independent Investment Research has upgraded listed investment company Argo Investment, giving it a “highly recommended” rating in its most recent review of the LIC sector. According to IIR, Argo’s strength has been in delivering steady growth in full-franked dividends over…

iSelect comes in from the cold

A little over a year ago the comparison website operator iSelect acknowledged that it had to deal with “substantial strategic and operational issues”, and it appeared to have few friends in the market. That has changed, with one of the…

Instreet offers a structured entry into global equities

SMSF trustees have a growing appetite for a wider range of investments in their portfolios, according to researcher Investment Trends. One asset class that interests them is international shares, which is no surprise given the strong performance of the international…

Gresham offers finance for super top-ups

Fund manager Gresham Partners has launched a loan product, the Gresham Superannuation Solution, offering finance to superannuation fund members who want to make a significant contribution to their fund ahead of rule changes that take effect on July 1. Gresham…

Government softens stance on SMSF borrowing

The Government has moderated its approach to the treatment of limited recourse borrowing arrangements under the new superannuation balance cap regime, introducing a bill last week that makes no reference to including outstanding LRBA balances in a member’s total super…

ATO reminds super fund members to check their contributions

The Australian Taxation Office has been issuing reminders to taxpayers, telling them to check the amount of pre-tax (concessional) contributions they are making to their super funds, ahead of changes to the contribution rues on July 1. Under the current…

ATO targets aggressive SMSF tax planning

The Australian Taxation Office has issued a warning to self-managed superannuation fund trustees that it will crack down on trustees using tax planning mechanisms to divert business or personal services income into their funds to reduce tax. Kasey Macfarlane, ATO…