Library - MGD

Library

In our library, you will find the latest financial news, valuable insights and ideas, tips and tricks we've learnt over the years and other helpful educational pieces.

Senator: unfair to change super tax policy

11 February 2016
Well-respected Liberal National Senator Matthew Canavan has today featured in SMSF Adviser responding to speculated changes to superannuation taxation policy. Senator Canavan said it would be unfair to change the tax arrangements for people’s superannuation balances (or their earnings) as many people have contributed to their fund for many years.

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2016 – not a very happy New Year

12 January 2016
Well the New Year’s here and global equity markets are not off to a great start. Most equity markets have recorded their worst start to a calendar year ever. And this comes on the back of calendar 2015 performances which in price terms were negative for most major equity market indices – and those that did record positive performances were mostly in the low single digit range.

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ATO taxes Chinese citizen on cash transferred to Australia….a timely reminder for immigrants

22 December 2015
Case study: ATO taxes citizen on overseas cash transfers made to Australia after he moved here.

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In focus: Tony Kelly

9 December 2015
Recently we sat down with Tony, a client and a friend, to find out more about his remarkable career and to get an update on his exciting new business venture.

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How to help your kids get into the property market

5 December 2015
While other 70-year-olds may be planning exotic cruises or luxurious overseas holidays, state government veterinarian Colin McQueen continues to clock in at the Ararat export abattoir as he works to pay off the last of the three homes he bought in Melbourne’s inner northern suburbs for his adult children.

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Reframe your thinking and take control of your future — part two

18 November 2015
In Part One of our discussion on reframing we considered the benefits of thinking about your income as an asset. Turning now from income to your investment assets, it can be equally valuable to reverse your thinking when it comes to your personal balance sheet.

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Reframe your thinking and take control of your future — part one

18 November 2015
We all understand that the way we ask a question can have a huge impact on the answer we receive. In academe, this is called framing and it refers the cognitive bias which causes people to react to a particular choice in different ways depending on how it is presented.

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Succession planning: have you considered the what ifs?

18 November 2015
Let’s face it, succession planning can be daunting and is often one of those topics that can easily be put on the shelf to ‘deal with later’. However it is crucial that there is a clear and concise plan as to what happens in unanticipated situations if you are a partner or shareholder in a business.

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MGD launches Financial Services Alliance Agreement

6 November 2015
Different regulatory frameworks have historically applied to accountants and financial planners. A new regulatory framework set to be introduced on 1 July 2016 will see accountants and financial planners further aligned with the repeal of the accountant’s exemption.

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Financial System Inquiry: ban on direct borrowing by superannuation funds rejected

2 November 2015
In late 2013 the Federal Government established a Financial System Inquiry to hold a ‘root and branch’ review of Australia’s financial system to help establish the direction for our country’s financial future...

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Reduced penalty period deadline for foreign investment breaches fast approaching

22 October 2015
Earlier this year the Australian Government announced reductions in penalties for foreign investors who disclose breaches of Australia’s foreign investment rules for purchases of Australian residential real estate. This offer will come to an end on 30th November 2015.

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MGD welcomes rejection of ban on super borrowing

20 October 2015
MGD Wealth has today welcomed the decision by Federal Government to reject a recommendation to remove direct borrowing by superannuation funds.

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ATO widens audit scope on distribution of profits from professional service firms

9 October 2015
ATO audit risk assessment factors for application in 2014–15 and beyond for remuneration of principal practitioners.

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Opinion: speculated changes to super

7 September 2015
The broken record of media-fuelled debate about speculated changes to superannuation is still spinning. Sadly, the basis for any such debate is flawed and is counter-productive to engendering confidence within the community.

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What do cricket and your personal finances have in common?

10 February 2014
By John Barton
Here's a new way to think about your finances - it's just like cricket. I'm thinking of Adam Gilchrist and Geoff Boycott. Gilchrist was the big-hitting former Australian batsman — lots of runs in quick time. Very exciting to watch. Boycott was the dour, careful Englishman of a generation ago. Again, lots of runs but not much excitement.

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