Finance News

From the monthly archives: May 2016

We are pleased to present below all posts archived in 'May 2016'. If you still can't find what you are looking for, try using the search box.

Webconference Invitation Economic Update

Posted on Monday, May 30, 2016
We are now eight years on from the GFC and the uncertainties around the global economic outlook remain. Periodic fears of recession and deflation have roiled markets, and a lack of growth has led to profits flat lining for several years. Central banks have slashed cash rates, with negative rates in some countries. In Australia the aftermath of the mining boom continues to reverberate and the Reserve Bank of Australia has taken the cash rate to unprecedented low levels. Read the rest of entry »

2016 Federal Budget Analysis - What You Need To Know

Posted on Wednesday, May 4, 2016

Treasurer Scott Morrison has handed down his first Federal Budget—the

Coalition Government’s third. The winners are low and middle income earners

and small business owners. There are significant changes to superannuation

that could warrant further discussion with your financial adviser.

Read the rest of entry »

Foreign Lending A Thing Of The Past.

Posted on Monday, May 2, 2016

Changes to Policy for
Applicants Earning Foreign Income

At Westpac, helping Australians to achieve their goal of owning a home or investment property is core to our purpose.We regularly review our credit policies to ensure we continue to lend responsibly, and have policies that are both aligned to our risk appetite and consistent with the economic and competitive landscape.

For these reasons, Westpac will no longer lend to offshore customers who are not citizens or residents of Australia with an eligible visa

Read the rest of entry »

What We Expect From The 2016 Budget

Posted on Monday, May 2, 2016

1. Company Tax

The extent of that cut is likely to be modest, possibly a reduction in the headline rate to 28.5 per cent to match the “small companies” rate introduced last year.

Read the rest of entry »

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