Finance News

From the monthly archives: May 2012

We are pleased to present below all posts archived in 'May 2012'. If you still can't find what you are looking for, try using the search box.

World's First Air Powered Car

Posted on Saturday, May 12, 2012
It is an auto engine that runs on air. That's right; air not gas or diesel or electric but just the air around us.

Tata Motors of India has scheduled the Air Car to hit Indian streets by August 2012

The Air Car, developed by ex-Formula One engineer Guy N. For Luxembourg-based MDI, uses compressed air to push its engine's pistons and make the car go. Read the rest of entry »

Term Of The Week - What Is Seed Capital?

Posted on Saturday, May 12, 2012
Comparatively small amount of capital contributed in the very beginning by a firm's founder(s). It is rarely provided by lenders or institutional investors because startup is the riskiest stage in a firm's life cycle with the highest chance of failure. Also called front end money, front money, or startup capital. Read the rest of entry »

Change In Employment Over The Last 12 Months

Posted on Saturday, May 12, 2012

In my work with Alan Kohler one thing can be said, the man loves a graph. But this one caught my eye, especially as a Victorian. If a picture tells 1000 words this illustrates how tough non mining states are finding it. As you can see Western Australia leads the nation in terms of employment growth, followed by Queensland in a distant second, while Victoria, New South Wales and Tasmania are all in the red.

Read the rest of entry »

2 Minute 2012 Federal Budget Summary

Posted on Wednesday, May 9, 2012

The 2012 Federal Budget only contained few surprises as many of the measures had already been legislated or pre-announced.

The main winners were lower income earners, families and the elderly.


The key new announcements include:

• tax may increase on certain employment termination payments

• the reduction in the company tax rate isn’t going ahead

• the increase in the concessional contribution cap for people aged 50 or over with less than $500,000 in super will be postponed until 1 July 2014

• the tax payable on concessional super contributions by people earning $300,000 pa or more will increase from 15% to 30%, and

• a ‘SchoolKids Bonus’ of $820 a year for each child at high school and $410 for every child in primary school will automatically be paid to parents who are eligible for Family Tax Benefit Part A, replacing the Education Tax Refund.

The Government has also confirmed that:

• people earning under $80,000 pa will receive modest tax cuts

• the minimum income payments for a superannuation pension/income stream won’t increase until 1 July 2013, and

• funding will go ahead for the landmark changes to Australia’s Aged Care System announced recently.

Read the rest of entry »

Upcoming Webinar - Implications of the Federal Budget

Posted on Wednesday, May 2, 2012
Please accept this invitation to join with me and Peter Hogan, MLC’s Senior Technical Manager in a Webinar on Wednesday where we will discuss the proposals in this year’s Federal Budget and how they will impact you.

Date: Wednesday 9 May 2012
Time: 11am-12pm (AEST)

Peter will also outline changes that have recently been legislated, some of which may require you to take action before 30 June. These include the:


  • Extension of the 25% reduction of the minimum pension payments
  • Changes to marginal tax rates
  • Changes to the Superannuation Guarantee
  • Introduction of the Low Income Superannuation Contribution.


Read the rest of entry »

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