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    Fiscal Cliff Explanation

    Now I understand:D
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    ATO ruling ups death tax liability

    ATO ruling ups Superannuation death tax liability Saw this today on Business Spectator site: "Spouses and children face the prospect of significant tax bills upon the death of a parent or partner following a ruling by the Australian Taxation Office (ATO), according to a report by the...
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    NABs message to Wespac Customers

    “In a statement announcing the move, NAB said its customers would be paying $51 per month less than Westpac customers on an average $300,000 home loan. "We are determined to be competitive, to offer our customers a better deal and attract new customers to NAB," NAB personal banking group...
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    ATO Targets Disc Trusts - CGT 50% Concession May Go

    ATO Targets Disc Trusts - Capital Gains may be taxed at 46.5% Hi Gang, I see in Monday's Aust Financial Review that the ATO's evolving view on age old complex trust law is that Capital Gains should not be able to be distributed to a benificiary. That is, the Trustee should be taxed at 46.5%...
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    Budget - Pollies Bend to Rules to avoid Cut in Concess Super Contributions

    The following is an interesting read on how the Budget has excluded senior public servants and politicians who are in the government defined benefits super scheme from the dramatic concessional super contribution cuts. What hypocrits. This would apply to most of the longer serving politicians...
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    Good Website on Superannuation & Budget Comments

    Hi Gang, I find this a very useful website for keeping up to date with Super changes. http://www.superguide.com.au/ Check out: THE SOAPBOX: Does the Government think we’re stupid? http://www.superguide.com.au/2009/05/the-soapbox-does-the-government-think-we%e2%80%99re-stupid/...
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    Budget - Concessional contributions to be cut in Half

    Budget - Super Concessional contributions to be Cut in Half http://www.news.com.au/story/0,27574,25436813-5012587,00.html If this turns out to be true I assume high income earners will go back to using negative gearing more and more to reduce tax. Maybe another property boom? Will also...
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    2009/10 Increased Super Contribution Caps

    Hi Gang, Many may already be aware but from July 1 Super contribution caps increase as follows: Concessional: $55,000 (great for Salary Sacrafice of course) Non-Concessional: $165,000 Cheers - Gordon
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    Swan dismisses talk of dividend tax reform

    Hi Gang, This may be of interest to share investors here: http://www.businessspectator.com.au/bs.nsf/Article/Australia-dismisses-rumours-of-dividend-tax-reform-RC6K7?OpenDocument Cheers - Gordon
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    Vanguard to launch Exchange Traded Funds in Australia

    I posted this elsewhere last week but thought it might be of interest to some here if you haven't already seen it. As a boring passive investor this was one of the few things investing related to excite me in some time. It's a worry when one gets excited about index products:rolleyes...
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    Beach house market washed up

    http://business.smh.com.au/business/beach-house-market-washed-up-20081127-6jnu.html Cheers
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    ASX Daily Short Selling Reports

    https://www.asxonline.com/intradoc-cgi/idcplg?IdcService=ASX_COLLECTION_DISPLAY&hasCollectionID=true&dCollectionID=68&SortField=dInDate&SortOrder=Desc Cheers
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    Listed investment companies show their worth

    http://www.theaustralian.news.com.au/business/story/0,28124,24651529-5001942,00.html Cheers - Gordon PS: SMSF holds all LICs mentioned in article.
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    irefund.com.au - trail commisions refunded

    Hi Gang, I saw a story on Today Tonight about using the above to get back a significant portion of entry fees and trail commissions on insurance policies, margin loans, managed/super funds and home loans etc...
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    Budget 08 - limit the scope for family trusts to use tax losses?

    Hi Gang, Anyone know what the changes relating to the following are: "Other budget cuts affecting personal investors include measures to limit the scope for family trusts to use tax losses" Cheers - Gordon
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    ATO Taxpayer Alert - SMSF income derived from Trusts such as HDTs

    Hi Gang, Below is a link to another Taxpayer alert involving HDTs. http://law.ato.gov.au/atolaw/view.htm?DocID=TPA/TA20084/NAT/ATO/00001 Cheers - Gordon
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    Disc Trusts - Can Income Losses offset CGT?

    Hi Gang, I did a search on this topic here but found conflicting opionions. If there is an IP income loss in a Disc Trust (eg interest & other expenses etc greater than rent) can this loss be be used to reduce CGT in the current tax year if the IP is sold? Or if there are carried...
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    Existing Range Hood - Wanting to Duct to Outside?

    Hi Gang, Knowing very little about the above such matter I was hoping someone can give some advice and/or information. We have an existing Omega range hood (K196) which is currently just recirculating the air inside. We want to have it ducted to outside the house. Fortunately the...
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    Days of low rates are 'over'

    Hi Gang, Another interest rate article with some thoughts from the RBA outgoing chief: http://www.news.com.au/business/story/0,23636,20101358-462,00.html Cheers - Gordon
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    Disc Trusts - Is Asset Protection Weaker than we Thought?

    Hi Gang, I was just reading DBA Bulters latest newsletter (see link below). Those with Trusts may want to read the article "Asset protection and discretionary trusts" in light of a decision handed down in relation to the Westpoint fallout...
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