Tax Office Knew About Australians Channelling Money Into Swiss Accounts

The Tax Office has revealed it has investigated hundreds of Australians with Swiss bank accounts as a massive international data leak named prominent Australians, including late media baron Kerry Packer, model Elle Macpherson and former ANZ chairman Charles Goode, as having held accounts in the famous haven. low cost finance outsourcing services @ BBW Business Services An International Consortium of Investigative Journalists investigation...

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‘Why I walked away from $250,000’: Travis Osborne on the Shark Tank deal that fell through

Mobile Tyre Shop founder Travis Osborne on Sunday night’s Shark Tank. Source: Supplied VIEWERS of Network Ten’s Shark Tank on Sunday night watched Travis Osborne walk away with a $250,000 investment for his mobile tyre-changing business. But that all happened months ago. Here’s why the deal fell through after the cameras stopped rolling. If you were following the media in the lead-up to the last episode, you would have...

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Share Market Ends The Day Lower With Investors Unimpressed By Profit Results

The Australian share market has ended the day lower, with investors unimpressed by the raft of profit results being released. There was also a cautious mood globally after talks over Greece’s debt crisis broke down. The All Ordinaries fell 27 points to 5,822 and the ASX 200 was down 30 points at 5,858. The banking sector ended lower, pushed down by ANZ. Its shares slid 2.5 per cent on shrinking first-quarter margins and flat trading income. Commonwealth Bank was down almost 4 per cent as it went ex-dividend, but the other two big banks were...

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Australia’s Reform Agenda Is Now A Car Wreck

As the haze lifts (in the short term at least) on Canberra’s leadership ructions, we can see the extent of the car wreck that is Australia’s economic reform agenda. “Political uncertainty hits business”, screams one headline. “Wrong turn on budget repair”, says another. They’re right. The reality confronting even the most optimistic reform advocate is that little of reform substance will now emerge from the current government, and probably the next. This at a time when the tide continues to go out on the mining boom, the jobless rate hits...

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Personal Finance Falls In Dec

Despite continued record low interest rates, personal finance fell in December, according to official data from the Australian Bureau of Statistics. Personal lending commitments slipped a seasonally adjusted 2.5 per cent to $8.43 billion in the month. The result compares to a downwardly revised $8.65bn in November. But the data showed total business finance commitments lifted a seasonally adjusted 0.4 per cent in the month to $37.93bn, which compares to a downwardly revised $37.78bn in November. Low interest rates continued to encourage...

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Future Fund Returns 13.2 per cent

The Future Fund stands at just over $109 billion after making a 13.2 per cent return over 2014. The Fund, set-up in 2006 to cover future superannuation liabilities of public servants, has now added $48.7bn to an original contribution of $60.5bn from the federal government. The fund’s managing director David Neal said an emphasis on a diversification of investments delivered the strong result. He said its private equity, property and infrastructure programs significantly outperformed listed markets. “The decision to increase our US dollar...

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