Daily economic round-upBY PETER BELL | FRIDAY, 25 AUG 2006 12:27PMThe release yesterday by the ABS of the House Price Index showed an increase of 3.1 per cent over the June quarter which tallies to an annual growth rate of 6.4 per cent which is the fastest annual rate since December 2003. Perth house prices led the nation with a quarterly increase of 11.9 per cent taking the annual increase to 35.9 per cent. Although Sydney lagged behind other capitals the growth rate of 1.4 per cent was the highest for 10 quarters. |
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ASIC flags gaps in super fund valuations
ASIC has called for stronger scrutiny of unlisted investments after finding persistent weakness in how some superannuation funds and auditors assess asset valuations, raising concerns about the accuracy of members' retirement balances.
IMF sees inflation above RBA target through 2027
The International Monetary Fund (IMF) has projected Australia's inflation to ease to 3.1% in 2027 from 3.9% this year, leaving it outside the Reserve Bank of Australia's (RBA) target range of 2% to 3%.
Treasury consults shifting tax debts from victims to abusers
Treasury is consulting on extending the powers of the Australian Taxation Office (ATO) to strengthen its response to financial abuse.
Former adviser defies permanent banning orders
Former financial adviser Ezzat Daniel Nesseim has defied ASIC's permanent banning orders and is in the process of being prosecuted.
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.






