Posts by PWW

Market Release QBE recently announced the major terms upon which QBE Shareholders will have the opportunity to participate in an equity raising by way of a SPP to raise approximately A$160 million. QBE shareholders will be invited to invest up to a maximum of $15,000 per shareholder at the lower of; AU$10.10 which is the…

During periods of harsh economic conditions, companies often seek to strengthen their balance sheet through the likes of share purchase plans and rights issues. As the tide turns and company profits return to health, we often see capital management initiatives undertaken through the distribution of surplus franking credits to shareholders through either special dividends or…

Federal Budget 2014 Temporary Budget Repair (TBR) Levy Introduction of a TBR Levy on high income earners. It will apply from 1 July 2014 until 30 June 2017 at a rate of 2% on individuals taxable income in excess of $180,000. For example, an individual with a taxable income of $250,000 will pay a levy…

What is SuperStream? “SuperStream” is the name the Government gave to a series of recommendations made from The Cooper Review. The recommendations are all designed to improve the efficiency with which money and data flows around the Superannuation system. Whilst the changes are specifically targeted at large Funds, Self Managed Superannuation Funds (SMSF’s) are affected.…