ATO targets work-related claims

Incorrect claims for work-related expenses are in the tax office’s sights this year, with car, travel and clothing expense claims high on the hit list. Over the past couple of weeks both the ATO commissioner Chris Jordan and assistant commissioner…

Evans and Partners launches one for the disruptors

A new investment manager has assembled a high-profile advisory committee, as it sets out to build a portfolio of global disruptors that will deliver high returns to investors. Evans and Partners Investment Management has launched an offer for the Global…

New event based SMSF reporting not well received

The Australian Taxation Office is introducing event based reporting for self-managed superannuation funds, which means that funds will have to report certain events in “real time”. Events based reporting rules for SMSFs apply from July 1 but The ATO is…

Aussie equity market a global weakling

In May, the Australian sharemarket suffered its biggest monthly fall since January last year. Aussie stocks were among the weakest in world markets. Major global indexes, including the S&P5000, the FTSE 100, the Nikkei 22 and the Hang Seng, all…

Nick’s Corner

There is no standard definition of what is a growth asset and what is a defensive asset. This makes it hard for investors to understand the risk they may be exposed to before investing, and hard to compare returns amongst…

IPO watch: High-yield ETF offers access to corporate bonds

Investors looking for a better yield than those offered on term deposits or government bonds now have the opportunity to invest in high-yield corporate bonds, following the launch a new exchange traded fund. Fund manager VanEck Australia has launched a…

Quality stocks the key to sustainable dividends

Investors looking to grow income from dividends must adjust their focus and concentrate on the quality of the company and the sustainability of dividends not the payout ratio, according to investment manager Martin Currie Australia, a Legg Mason affiliate. Leading…

How age affects our investment decisions

Milestone birthdays do play an important role in influencing investment behaviour, most evident in a declining appetite for risk, a new study has confirmed Reseachers from the UWA Business School at the University of Western Australia and the Department of…

Investors are over-exposed to banks

Despite a backdrop of socioeconomic uncertainty and increased financial market volatility, growth in the personal savings of Australians remains strong. As of June 30 last year, total personal investments stood at $2.3 trillion, representing an even larger pool of savings…

Private Eye: Evan Hughes

Years ago when I was an art dealer, my father Ray’s gallery was the venue for a raucous financial services Christmas bash held jointly by Shed Enterprises, a related party to the publisher of this newsletter and Principle Advisory Services.…