News

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

High profile specialists join leading Brisbane boutique financial services firm

Boutique financial services firm, MGD Wealth, has enjoyed a bright start to 2016 with the addition of two very experienced wealth management specialists, Richard Marsden and Rachel Barlow, to its growing team.

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How sticky are you?

How sticky are you? How many of the dollars that you earn this week, this month or this year will you still have next year or the year after? Would your chances of building the best possible future for yourself (and your family) be improved if you could increase your stickiness? Of course it would.

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Senator: unfair to change super tax policy

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

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

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

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In focus: Tony Kelly

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

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

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

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?

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

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

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

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

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

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

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?

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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