Library - MGD

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.

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.

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.

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.

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...

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.

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.

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.

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.

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.