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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
So the Federal Government is offering a 'Once Off' 15% for states to sell assets, surely this is ridiculous! Anything worth selling is most probably making a healthy return, maybe as much as 15% in some cases, but even a 7.50%pa return means the state has given up the Assets Income for a 'brought forward' 7.50% bonus.
This is short term thinking, kicking the can down the road attitude again?
I guess one benefit is the state does receive a once off larger lump sum to use for new projects, but simile they could just borrow the money and build a new project and pay for it with the income from other assets as any Corporate would do.
Recycling Infrastructure capital is a great strategy. As long as we realise that this is not an income but solely for capital recycling into new infrastructure.
Infrastructure is the real way to increase productivity and grow Australia.
The old 30/20 rule for Superannuation Funds should be reintroduced especially for Super Funds in pension mode priced at the Centrelink means test. This action will help to provide for future generations.
RECYCLING STRATEGY: Selling after the initial (green) stage is completed and the infrastructure is in the middle stage before or even after regular profits can be distributed.