According to latest available Australian Bureau of Statistics (ABS) figures the average Australian household debt of more than $250,000 is increasing. It’s an even scarier number given signs of a slowing global economy, a substantial decline in house prices in Australia’s most populous States, and that owner-occupier housing accounts for 56.3% all personal debt. Read More
A survey of 1,189 business leaders across 21 Asia-Pacific Economic Cooperation (APEC) economies puts Australia in the top five investment targets of the region for the first time, with 44% of respondents expecting investment to increase throughout 2019. Read More
From April 1 2019 the Treasury Laws Amendment (2018 Measures No.4) Bill 2018 denies directors a previous three-month period of grace – a so-called “safe harbour” under the Director Penalty Notice (DPN) regime – that allowed them to avoid personal liability for superannuation Guarantee Charge (SGC) debt. Read More
Because subcontractors fail to register their formwork scaffolding, plant, equipment and various other property on the national Personal Property Securities Register (PPSR), many are not only losing ownership of their property, but also, as a consequence, their businesses. Read More
While international and domestic experts on the economy present confusing opinions on the possibility, extent and severity of a global downturn in the immediate future, none will say categorically there won’t be one. See article in this newsletter headed It’s confusing when experts can’t agree on economic outlook. Read More
Clearly there’s global angst about a recession. Word searches for “recession” on Google has soared to the highest level in five years. Read More
