jonespartners-newslatter
September 2016
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Welcome

As we are mid way through the 3rd quarter of 2016 and with the Federal Election finally determined (phew!), some of you may be wondering where has the year gone and importantly where is Australia heading in the near term from an economic perspective. There certainly seems to be some dividend opinions out there and as usual there is no "sure thing". Further, the mixed signals from the bond and equities markets presently should caution us to ensure that we continue to review our balance sheet (business and personal) and make sure it is in good order. How many of you recall when was the recession we have to have? The answer is on the back page.

One thing that seems to be palpable is that Australian businesses (small, medium and large) want our federal politicians to work out a way to effectively govern over the next three (3) years given that the Coalition will need the bi-partisan support of the Labour party to make real change or otherwise need to continually call of the majority support of the independent parties to get reform and legislation passed. Many readers would agree that we cannot afford another term to go by without there being some substantive reforms to put Australia in a better position in the mid to long term. With changing demographics in Australia, technological developments and international dynamics, one can only hope there is some real change to enhance our fiscal system. Australian business will prosper if there is generally certainty across key areas and with that brings confidence and growth opportunities. This flows through ultimately to individuals as well.

This newsletter looks at the 50th birthday of the Bankruptcy Act introduced in 1966 and some timely articles on common discussion point's that individuals and company directors have. We hope you enjoy the read.
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Trading Places - Does It Really Work When a Company is Insolvent?
Trading Places - Does It Really Work When a Company is Insolvent?
Written By Bruce Gleeson,
FCA, Principal
A talking point that I find is often raised by a director when their company is in financial difficulty and liquidation may be imminent, is whether they should change directors.Let me be clear...
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Is a Bankrupt's money his/her own?
Is a Bankrupt's money his/her own?
Written By John Tanna,
CA, Principal
A question that is frequently asked by an individual that may be contemplating bankruptcy is what happens to the income they earn during bankruptcy. In short, the Bankruptcy Act 1966 ('the Act')...
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Happy 50th Birthday - Bankruptcy Act
Happy 50th Birthday - Bankruptcy Act
Written By Bruce Gleeson,
FCA, Principal
The month of July 2016 marked the 50th birthday since the Bankruptcy Act 1966 commenced. Much has happened over that period in terms of changes to Australia's bankruptcy laws and whilst the writer was ...
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Low interest rates & mortgage stress - cycles are cycles
Low interest rates & mortgage stress - cycles are cycles
Written By Martin Vu,
CA, Senior Manager
In August 2016, the Reserve Bank of Australia ("RBA") cut the cash rate by a quarter of a percent to 1.5%. Last year also saw dramatic growth in median real estate prices particularly in Sydney city and m...
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How many of you recall when was the recession we have to have? Answer: 1990-1991

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