Join us for an entertaining evening!
The government's response to the Financial System Inquiry (‘FSI’) was released today. It is good news for SMSF Borrowing!The full text of the government’s response is available at the Treasury website.
Why the Concern?
The final FSI report — released in December 2014 — recommended that the government remove the exception to the general prohibition on direct borrowing for SMSF's. More specifically, it stated that the Government should…..
RBA Governor Glenn Stevens media release on 6 October 2015
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent.
The global economy is expanding at a moderate pace, with some further softening in conditions in China and east Asia of late, but stronger US growth….