Obviously banks are keenly interested in businesses risk management strategies because the better these strategies, the less risk to their loans. We remark on the obvious because it’s an all-important fact that’s escaped the attention of too many business owners seeking loans – or worse, being aware of the obvious, they've done nothing about it. The rule of thumb these days is no risk management strategy, no loan. Read More
All in all, the big picture outlook seemed positive. The Australian government both State and Federal has spent and is spending a great amount of money in the form of stimulus packages to support construction. There will be variations in spending in specific sub-sectors, States and cities according to their economies, but “overall 2014 was shaping up to be a good year for the construction industry in Australia”. Read More
The growing pains of a business will too often herald its demise. Too many businesses though well established and looking good can become fatally unhealthy because owners impulsively decide to grow them. Read More
A few months ago, we discussed in our monthly newsletter the PPSR and how it affects you as a business owner or adviser when security interests’ are contested. Just to jog your memory, the Personal Properties Security Register or PPSR, was set up in 2012 under the Personal Properties Security Act 2009 enacted by the Rudd government. The aim was to register a person or businesses’ security in a company for a number of reasons, but from our perspective it provides a list of security interests in the unfortunate event of insolvency. Read More
Debate in the House of Representatives was adjourned in March following the second reading of a Bill to amend the Person Property Securities Act 2009 (PPSA). We recommend that all who are likely to be affected by the reform, make the most of the hiatus by preparing themselves and their businesses for consequences of the new legislation. Read More
Australia's $4 trillion housing market, overvalued by at least 10% but probably more, is on the verge of becoming the most expensive residential market in history. This is happening as respected former Treasury economist Kieran Davies, now Barclay’s chief economist, warns that Australian household debt has hit a record 177% of annual disposable income, while housing valuations are “flashing red”. Read More
