Category archives for Superannuation

CBA Money Laundering Scandal

The financial intelligence agency Austrac has alleged the Commonwealth Bank’s Intelligent Deposit Machines broke anti-money laundering laws on 53,700 occasions, and that the bank turned a blind eye to suspicious activities. The potential fines of almost a trillion dollars have already overshadowed a record $9.8 billion full-year dollar profit. The whole CBA money laundering scandal needs […]

A sensible tax discussion

To increase the GST.  To broaden the GST so that it applies to food, education and health.  Is Scott Morrison on a different path to Malcolm Turnbull?  How can we have a sensible discussion on tax when one tax sucks all the oxygen out of the debate?  The debate is flawed, but the GST is […]

Between Gordon Gecko and Mother Theresa

In Australian politics there are two ideologies at play. The Liberal ideology is one of a market driven society.  If government just gets out of the way, the market will ensure we are all prosperous and happy.  Plenty of jobs and plenty of goods to buy.  They believe government stifles free enterprise.  Too much government […]

Looking at taxation from the wrong direction

There is a long term need in Australia to raise more tax revenue.  If we want to maintain a compassionate society that looks after those who need looking after we need more money to do it.  The sick, children, older Australians, people with disabilities and those having difficulty looking after themselves.  It is not a […]

Best Interest of the Client

A little parable. My brother is a lawyer and I am a doctor.  We both needed a new car but being very busy professionals did not have the time to find a suitable model.  We engaged the services of Joe the car broker.  Joe would find out what we were after and choose a car […]