Wealthy to dump billions into superannuation
The race to beat the new super rules is on. Wealthy Australians who face a nine-month deadline to pump up their superannuation balances are expected to respond by dumping billions worth of cash and property into their retirement accounts.The introduction of a new $100,000 annual limit on non-concessional super contributions, effective July 1 next year, is also likely to drive up leverage in the self-managed superannuation sector.Overall the latest chan..>> view originalForrest appeals uranium bid at family cattle station
BBY chairman Glenn Rosewall was 'a tyrant', court hears
Collapsed stockbroking firm BBY was run like a "dictatorship" under former chairman Glenn Rosewall, the NSW Supreme Court has heard, as he sought advice on budget forecasts from a self-proclaimed psychic and ordered management to dip into client funds to shore up the firm.Accounting firm KPMG is conducting a liquidators' examination into the demise of Sydney-based BBY, which collapsed in May 2015 owing an estimated $61 million to clients. Former CEO of collapsed stockbroker BBY Arun Mahara..>> view originalMacquarie Island research station closure reconsidered by Federal Government after backlash
Macquarie Island research station closure reconsidered by Federal Government after backlash Updated September 16, 2016 18:42:08 After intense public pressure, the Federal Government has announced it is looking at reversing a decision to end Australia's year-round presence on Macquarie Island.Earlier this week the Australian Antarctic Division revealed its plans to close its research station on the island from March, in favour of conducting research from field huts durin..>> view originalFiat Chrysler recalls 1.9 cars worldwide
Fiat Chrysler has recalled 1.9 million vehicles worldwide due to a possible defect preventing airbags and seatbelts from functioning properly in collisions.The company on Thursday said the problem stems from a specific control module.Fiat Chrysler said it was aware of three fatalities and five injuries that could be related to the defect.Vehicles affected included various models from the Chrysler, Dodge, Jeep and Lancia brands manufactured between 2010 and 2014.The majority of the affected vehic..>> view originalThe Star casino plans new $500m, '6-star' hotel as it prepares to take on James Packer's Crown Sydney
Sydney is to get a new $500 million, "six-star" hotel, with apartments and an updated restaurant strip at Pyrmont, as part of The Star Entertainment group's renovation of the city's main casino as it prepares to take on James Packer's proposed Crown resort at Barangaroo.The proposed 220-room hotel and 150 residences is in addition to the $500 million works already under way at The Star, which includes the refurbishment of rooms at the Astral Tower and Residences, the opening of the Harvest Buff..>> view originalClive Palmer has another loss in Federal Court on Queensland Nickel
Stocks close 1 per cent stronger
Stocks close 1 per cent strongerThe Australian sharemarket has seen red for a fifth straight week despite a strong rally through Friday trade.At the end of the session, the benchmark S&P/ASX 200 index had surged 56.8 points, or 1.08 per cent, to 5,296.7, while the broader All Ordinaries index bounded 59.6 points, or 1.12 per cent, to 5,396.7.Monday’s 2.2 per cent skid prevented the market from a positive week, with the losing run of five weeks the longest such streak in two years.A run of three ..>> view originalUS Navy orders two Austal ships for $434m - The West Australian
US Navy orders two Austal ships for $434m Peter Williams - The West Australian on September 16, 2016, 12:38 pm UPDATE 2.35pm: The US Navy has awarded Austal a $434 million contract to build another two high-speed troop carriers. The order to design and construct the expeditionary fast transport vessels at Austal’s Alabama shipyard includes a previously announced contract for long lead-time materials.The order comes on top of a 10-ship contract the WA company won..>> view originalI've had enough: Estia boss Paul Gregersen quits
Tuesday, September 20, 2016
Wealthy to dump billions into superannuation and other top stories.
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