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Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
The Reserve Bank of Australia's (RBA) call to pause rate hikes rested on a decision to gather more information, it said. The minutes from its April 4 board meeting, where it decided to keep the cash rate at 3.6%, reveal the board extensively weighed ...

Illegal early release of super sees director banned

CHLOE WALKER  |  TUESDAY, 18 APR 2023
... promoting and assisting in the illegal release of superannuation. The corporate regulator found that while sole director of home buying firm Enigma, Edden-Brown had wrongfully told consumers who didn't meet the conditions for early release of super that ...

Fraudster sentenced to eight years behind bars

CHLOE WALKER  |  MONDAY, 17 APR 2023
Former property investment spruiker Anthony Keith Silver has been sentenced to eight years and six months imprisonment for a $1.8 million fraud. Silver was previously shadow director of Capital Growth International Club and All About Property Developments ...

Treasury urged to consider housing in super objective

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... be changed to ensure the aim is to "help Australians have a genuinely successful retirement", a key component of which is home ownership, the Real Estate Institute of Australia (REIA) says. In its submission on the topic, REIA said Treasury must look ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... of the recommendations from Grattan Institute ahead of the federal budget, which also include counting more of the family home in the aged pension assets and residential aged care means tests. With Australia on course for 25 straight years of deficit ...

ISA renews calls for gig worker super

CHLOE WALKER  |  TUESDAY, 11 APR 2023
... nest egg at retirement," Dean said. "These workers are critical to caring for our elderly, delivering food and driving us home, they have every right to share in the benefits of what is meant to be a universal saving system."

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... research at Finder, said if the cash rate was to peak at 4%, that will equate to $15,000 more in interest on the average home loan of $600,000. For businesses, Australian Chamber of Commerce and Industry chief of policy and advocacy David Alexander warns ...

REITs merit place in multi-asset portfolios: Insight

CASSANDRA BALDINI  |  TUESDAY, 4 APR 2023
... that otherwise would not be able to purchase property. "Real estate uses, and demand drivers continue to evolve. Work from home, e-commerce, ageing demographics, and cloud computing are great examples of trends that are writing the next chapter for commercial ...

Aware Super acquires stake in UK developer

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
Aware Super has purchased Qatari Diar's stake in UK build-to-rent developer (BTR), Get Living, acquiring a 22% stake in the company. Aware will join forces with existing investors APG and residential investment vehicle, DOOR, who both hold a 39% ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
... He said firstly, there is a need to limit the information flow at the source. "My colleague Clare O'Neil, the minister for home affairs and cybersecurity, is working on a new cybersecurity strategy, setting out the path to achieve a secure online world ...