Investment Opportunities

Comparison site accused of making false representations

The Australian Competition and Consumer Commission has started proceedings in the Federal Court, claiming that iSelect made false or misleading representations in relation to its energy plan comparison service. The ACCC alleges that since at least November 2016, iSelect has…

Octopus renewables investment provides 20 per cent tax offset

Asset manager Octopus Investments, one of Europe’s leading investors in renewable energy, has turned its attention to the Australian market, where it believes there will be significant investment in renewables over the next 30 years. It has launched Octopus Early…

Personal loan fund targets 6 per cent return

Consumer lender SocietyOne has joined the growing list of finance companies offering investors access to income from a credit fund. It is aiming to pay a 6 per cent return. The Personal Loans Unit Trust is open to wholesale investors,…

Lenders continue to cut their fixed mortgage rates

Mortgage lenders continued to cut fixed rates in March, with one lender cutting a long-term rate by close to 90 basis points. Adelaide Bank, AMP Bank, NAB, Qudos Bank and Suncorp were among those that reduced their fixed rates last…

Labor sets deadline for negative gearing, CGT changes

Shadow Treasurer Chris Bowen announced on Friday that if Labor wins the Federal election, it will put its planned changes to negative gearing and capital gains tax into effect from 1 January next year. Negative gearing benefits will be retained…

If someone asks for payment with a gift card, they are a fraudster

A caller claiming to be from the Australian Taxation Office says a warrant is about to be issued to have you charged for unpaid tax. They say you can deal with it by paying an on-the-spot fine, which must e…

Online term deposit marketplace adds at-call accounts

Online term deposit marketplace Cashwerkz has launched an at-call savings account option. At launch, the service offers account options from three authorised deposit-taking institutions – AMP Bank, Auswide Bank and ME Bank. Cashwerkz says at-call rates of up to 2.3…

Perpetual launches listed credit fund

Perpetual Investments is that latest fund manager to offer an ASX-listed credit fund aimed at investors looking for yield with a defensive flavour. The offer for Perpetual Credit Income Trust opens on Monday and is expected to close on April…

Reverse mortgage market comes back to life

ME Bank has thrown its weight behind a new reverse mortgage lender, providing $100 million of funding and taking an equity position in Household Capital. The company is chaired by former Minister for Superannuation and Corporate Law Nick Sherry. The…

UBank launches green TD

National Australia Bank’s online banking subsidiary UBank has launched what it claims is the first green term deposit, offering savers a deposit product that is matched to a portfolio of renewable energy projects, low carbon transport and green buildings. The…