Roxburgh Securities in Perth, Western Australia | Financial planner

Roxburgh Securities

Locality: Perth, Western Australia

Phone: +61 8 9379 3555

Address: 116 Terrace Rd 6055 Perth, WA, Australia

Website: http://www.roxburghsecurities.com.au

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25.01.2022 China's demand for iron ore recovering https://www.asiatimesfinancial.com/chinas-demand-for-iron-o

24.01.2022 Deutsche Bank Proposes A 5% "Work From Home" Privilege Tax https://www.zerohedge.com//deutsche-bank-proposes-5-work-h

23.01.2022 Turkey Hit By Bank Runs, Currency Panic As Locals Sell Their Cars And Houses To Buy Gold While Lira Implodes https://www.zerohedge.com//turkey-hit-bank-runs-currency-p

22.01.2022 China's Landlords Hit With First Rent Price Slump https://www.zerohedge.com//chinas-landlords-hit-first-rent

22.01.2022 BREAKING: The chairman of the financial services regulator has resigned from his position, effective immediately. The chairman of the Australian Securities & Investments Commission (ASIC), James Shipton, has resigned from his post, effective immediately. While addressing the House of Representatives' Standing Committee on Economics' review of financial regulators on Friday (23 October), Mr Shipton outlined that he would need to recuse himself from the hearing as he had issued... his resignation to the federal Treasurer Josh Frydenberg, which has reportedly been accepted. The resignation comes following concerns over his relocation expenses from the Unites States to Sydney, totalling nearly $100,000. https://www.mortgagebusiness.com.au//15065-asic-chair-resi?

21.01.2022 Watch John and Kerry share their personal story on becoming Self Managed Super Fund (SMSF) trustees and their motivations for establishing a SMSF for their retirement savings. https://roxburghsecurities.wpcomstaging.com//smsf-meet-jo/

20.01.2022 From September JobKeeper will be reduced to $1200 a fortnight and a lower payment will be applied to people working fewer hours. The JobSeeker payment will drop to $750 per fortnight, and have its income area increased to $300, while the COVID supplement will be reduced to $250. $30 billion of JobKeeper payments have already been provided to 3.5 million employees of 960,000 businesses. https://www.investordaily.com.au//47495-stimulus-extension?

20.01.2022 Hostplus ups income protection premiums by 73% BY ELIZABETH MCARTHUR | MONDAY, 24 AUG 2020 FINANCIAL STANDARD... The $45 billion industry fund for hospitality, sport and tourism has increased optional insurance premiums for some members by up to 73.7%. Non-default salary continuance insurance cover for Hostplus members will increase from 1 October 2020. Salary continuance will also be renamed income protection at the start of October. The biggest increase will hit those with non-default salary continuance policies with a 'to age 65' benefit period - these premiums will increase by 73.7%. Non-default salary continuance premium rates for a two year benefit period will increase by 22.3%. Hostplus said in a significant event notice to members that the changes to premiums were necessary because the Putting Members Interests First and Protecting Your Super reforms had reduced the number of members with insurance. "The introduction of these reforms has resulted in a significant decrease in the number of members covered by our group insurance policy," the fund said. "Considering the reforms, changes to membership demographics and an increase in disability claim volumes, we have had to increase the cost of our non-default Salary Continuance insurance." Death and total and permanent disability premiums did not change. Hostplus' group insurer is MetLife and the super fund had an arrangement that includes a Premium Adjustment Mechanism. It utilised this mechanism in setting the premium rates that will apply from October. "The use of this payment has enabled us to maintain the current death and TPD premium rates and limit the increases to the non-default salary continuance premiums as much as possible," it said. The fund will also introduce a Salary Continuance five-year benefit period from October 1. https://www.financialstandard.com.au//hostplus-ups-income-

20.01.2022 TWU SUPER FACES QUESTIONS ON SOARING ADVICE COSTS The industry super fund has faced questions from a parliamentary committee around why advice costs charged to members have rapidly increased since the fund outsourced its services to the advice arm of the industry super lobby group. https://www.ifa.com.au//28865-twu-super-faces-questions-on?

19.01.2022 Even Peter Costello found aged care paperwork difficult Peter Costello had trouble filling in paper work for a relatives application for aged care services. STEPHEN LUNN SOCIAL AFFAIRS EDITOR @lunns SEPTEMBER 16, 2020 THE AUSTRALIAN... Peter Costello might have been the nations treasurer for more than 11 years, but even he was left struggling to fill out the paperwork on a family members application for aged care services. Mr Costello, now chairman of the Future Fund, said he worried that older Australians were filling in complicated forms they didnt understand, or giving in altogether and missing out on care. I think there are over 100 questions and 27 pages and, you know, I think Im reasonably financially literate, Mr Costello told the aged care royal commission on Wednesday. I had a lot of trouble filling it in. I dont know how a person going into a nursing home would ever be able to fill it in. The former treasurer said he suspected that not only do older Australians not understand the forms they are asked to fill in, but the public servants who are receiving them dont either. Were having trouble filling it in. Theyre having trouble reading and understanding it, let me tell you. And, you know, even if you managed to get 100 out of 100 on this income and assets test, somebodys still got to assess it and make a decision. Mr Costello was appearing at the commission as it examines funding and financing of aged care. One proposal under consideration by the commission is an hypothecated levy where funds are collected from taxpayers specifically for the purpose of funding aged care services, similar to Medicare. Mr Costello said he was wary about using a hypothecated levy to fund aged care. He said previous such levies either collected far too little revenue, such as Medicare, which only accounts for about 15 per cent of public spending on health, or far too much, such as the petrol tax, which collects far more than its intended purpose of paying for roads. He also warned that governments of the day will change the purpose for which the levy has been collected. The money from the Building Australia Fund found its way into the Drought Fund. The money in the Higher Education Endowment Fund has found its way into the Emergency Response Fund, Mr Costello said. https://www.theaustralian.com.au//503b19fe5796ecec3e0244df

19.01.2022 Early super access extended to 31 December By Mike Taylor 23 July 2020 Money Management The Federal Treasurer, Josh Frydenberg has confirmed that the Governments hardship early access superannuation scheme will be extended until 31 December.... Access to the scheme had originally been intended to end on 24 September. In his economic announcement today, he said the Government was extending the application period for the measure from 24 September, 2020, to 31 December, 2020, to increase the scope for individuals who may still be financially impacted by COVID 19 to access early release in the coming months. Eligible Australian and New Zealand citizens and permanent residents were able to access up to $10,000 of their superannuation before 1 July, 2020. They can access a further $10,000 until 31 December, 2020, the Government announcement said

19.01.2022 Singapore's public housing authority will soon be using Western Australian sand for new homes as the first shipment of construction sand left the Port of Geraldton last night. https://www.abc.net.au//wa-exports-construction-/12471140

17.01.2022 STILL BEHIND WITH 'BLUE CHIPS": The 15 blue chip stocks Gerry Harvey bought at the height of COVID Harvey Norman is flying for the billionaire, but he has had less luck with some of his other investments. Picture: Richard Dobson JOHN STENSHOLT EDITOR, THE LIST...Continue reading

17.01.2022 New mortgage rules hit older borrowersJAMES KIRBY The odds have been raised against older investors entering the property market. AUGUST 7, 2020 THE AUSTRALIAN 112 COMMENTS...Continue reading

17.01.2022 IFS & THE NEW DAILY: The Murky Underbelly of Union Super Fund kickbacks exposed #super #racket #kickbacks #brazen #arrogance #solepurposetest https://www.linkedin.com//prejudicial-industry-super-wont/?

16.01.2022 The staggering sums doled out to keep global airlines flying Geoffrey Thomas The West Australian, 8 September 2020 Singapore Airlines received $US1315 per seat flown between January and August, while Cathay Pacific banked $US574 per seat....Continue reading

15.01.2022 QLD Liberal senator launches grenades at super 27 Aug 2020 A Liberal senator has launched an explosive attack on superannuation, accusing the federal opposition of being communists following the Big Brother of industry funds.... A bitter fight broke out in the upper house on Thursday when Liberals agitating for major retirement savings reforms locked horns with Labor. In a wide-ranging spray, Queensland LNP senator Gerard Rennick invoked American revolutionary Patrick Henrys give me liberty or give me death declaration. He said the revolutionary spirit continued in the fight against Marxism and communism. Many of those forces sit opposite us today, he told senators. All with their little red books, bobbling their heads to every command issued by their Big Brother industry super funds, run by unions. Senator Rennick said Labor believed in repression of free will and the complete destruction of everything that makes Australia great. He criticised $40 billion in superannuation management fees and a similar amount in tax concessions. Most of these fees go to white collar blowhards in Sydney and Melbourne. Every week rivers of gold flow out of regional communities. Senator Rennick hinted at a High Court challenge of whether super was constitutional if it didnt return the initial capital. He questioned if the system breached the same section of the constitution used in the classic Australian movie The Castle relating to the acquisition of property on just terms. He also branded industry super fund-owned news website The New Daily a communist propaganda tool used to peddle Marxist ideology. https://thebull.com.au/liberal-senator-launches-grenades-a/

15.01.2022 INDUSTRY SUPER: Business/Robbery etc. By Michael Baume 1 August 2020 THE SPECTATOR Bragging rights and wrongs...Continue reading

15.01.2022 SGC Super rise depends on employment: PM John Kehoe 21 Aug 2020 AFR Prime Minister Scott Morrison says the scheduled rise in compulsory superannuation contributions to 12 per cent of wages will depend on the state of the economy next year, particularly unemployment.... Mr Morrison signalled a decision would not be rushed before the May federal budget, ahead of July 1 when the current 9.5 per cent superannuation guarantee is due to rise to 10 per cent. The Prime Minister said a diverse mix of economists and commentators, including Reserve Bank of Australia governor Phillip Lowe and Morrison government critic, Sydney Morning Herald economics editor, Ross Gittins, had warned the super rise would hurt wages and jobs. https://www.afr.com//experimental-vaccine-to-be-tested-on-

15.01.2022 Guangdongs economy shrinks as coronavirus hastens province's fall from grace https://www.asiatimesfinancial.com/trouble-in-the-world-s-f

13.01.2022 What you need to know about the new Super work test exemption https://roxburghsecurities.wpcomstaging.com//what-you-nee/

13.01.2022 Sorry for the long post, but this is a big deal. You wouldnt put up with your employer dictating which bank they paid your wages into; thanks to the passage of... the Your Super, Your Choice Bill, you no longer have to put up with this in your superannuation either. Now you will have the freedom to nominate your preferred superannuation fund, without being locked into having a certain fund through an EBA which may not suit your needs. This legislation does not prevent enterprise bargaining agreements from nominating a specific fund, but it allows individuals to choose a different fund if it better suits their needs, improving the fairness and efficiency of the system and strengthening competition. Im delighted that the Morrison Government has delivered on this long-term reform to give members choice. If youre compelled to put nearly one dollar in ten of everything you earn into superannuation, then you should have the right to choose where it goes. Its another win for Australian workers, and just another way the Morrison Government has shown its commitment to an efficient superannuation system that delivers better outcomes for members.

13.01.2022 ASIC boss James Shipton burnt by bill for tax and investments advice ASIC chairman James Shipton. Picture: AAP GREG BROWN JOURNALIST...Continue reading

13.01.2022 The Barefoot Investor leaves subscribers in the lurch https://www.businessinsider.com.au/barefoot-investor-bluepr?

12.01.2022 Former Reserve Bank governor Bernie Fraser says low-income workers should be allowed to withdraw some of their superannuation early to buy a first home. Mr Fraser has fronted advertisements for Industry Super Australia in the past and is a former director of several large industry super funds. https://roxburghsecurities.wpcomstaging.com//withdrawing-/

12.01.2022 Frydenberg hints at delay to super guarantee increase Tom McIlroy and Matthew Cranston Nov 20, 2020 11.54am AFR...Continue reading

11.01.2022 Other people’s money.

11.01.2022 Covid19 cleans out high fuel burning 747's https://www.bbc.com/news/business-53426886

09.01.2022 Revealed: Australias richest Union super fund bosses and what they earn #super #retirement #earlyaccess #debt #homeownership #kickbacks #nondisclosure #rentseekers #protectedspecies https://www.linkedin.com//revealed-australias-richest-uni/?

09.01.2022 Australian Businesses are being systematically destroyed by Red Tape creating bureaucrats in Canberra. ASIC lurches from bad to worse 23 Aug 2020 Australian Financial Review... That optimism is wilting now that ASIC has fallen out of favour in Canberra, after a string of humiliating legal losses, starting with its ill-fated battle over responsible lending. Not only did ASIC lose its high profile "wagyu and shiraz" case against Westpac, it had to be dissuaded from seeking special leave to appeal the case to the High Court in a final desperate attempt to secure victory. It was only after receiving sage counsel from Reserve Bank governor Philip Lowe and Treasury secretary Steven Kennedy that ASIC finally concluded that it was perhaps not in the national interest to create further legal uncertainty for bankers when the country is suffering its most severe economic downturn since the 1930s..... They argue that the root of ASIC's dysfunction lies in its very structure. ASIC has 10 divisions, which are headed by 10 executive directors. But overlaying that are six people in ASIC's senior leadership team - the chairman (James Shipton), two deputy chairs (Karen Chester and Daniel Crennan QC), along with three commissioners (Cathie Armour, Sean Hughes and Danielle Press). Leading corporate figures confess they are baffled as to how the structure is supposed to work efficiently. They point out that the six ASIC commissioners work full-time, but they're not executives with day-to day-responsibility. At the same time, the ASIC commissioners can't be compared with a normal corporate board, which is responsible for monitoring and overseeing the organisation. This clumsy corporate structure creates a conflict between the executive directors, who are charged with running their various divisions, and the commissioners, who have some sort of oversight role of those divisions Some ASIC commissioners make a deliberate attempt to avoid conflict with executive directors, and find other ways to fill in their time rather than second-guessing their decisions. But other ASIC commissioners become extremely involved in the decision-making process, even when it concerns technical issues, and are more comfortable issuing directions, rather than discussing issues with their executive directors. This, however, means that the executive directors are reduced to acting as little more than the secretariat for the ASIC commissioners. https://www.afr.com//asic-lurches-from-bad-to-worse-202008

08.01.2022 So therefore their bricks and mortar assets or their superannuation, if they have got any residual superannuation assets or cash or other investments, in other words upon the death of the aged person, the Commonwealth account would then receive a credit from the estate, Mr Keating said. Sooner or later the truth always comes out - Labor want to introduce death taxes via superannuation.

08.01.2022 NAB hits back at Afterpay with a no interest credit card James Eyers Senior Reporter Sep 9, 2020 AUSTRALIAN FINANCIAL REVIEW...Continue reading

08.01.2022 Used cars are increasingly hot property in Australia, with a new report recording a 30 per cent surge in prices since April as buyers rush to avoid public transport and new car dealers face stock shortages. https://www.caradvice.com.au/875/used-car-prices-australia/

08.01.2022 Push for home ownership focus over super build-up Ronald Mizen Sep 6, 2020 AUSTRALIAN FINANCIAL REVIEW...Continue reading

08.01.2022 Saddled with risky assets, China getting dangerously close to its Lehman moment Beijing has made martyrs of its banks and insurers, asking them to lend to the needy, forgo profits and support the animal spirits of its trillion-dollar capital markets. The Economic Times - India 23 July 2020...Continue reading

07.01.2022 JobKeeper becomes DividendKeeper John Kehoe, Sue Mitchell, Matthew Cranston and James Thomson Aug 11, 2020 12.00am AUSTRALIAN FINANCIAL KEEPER...Continue reading

07.01.2022 Dads4Kids #fathersday video https://www.youtube.com/watch?time_continue=8&v=WNtahiRb29Y

07.01.2022 JobKeeper will be extended for Australians until March, with a new turnover test and a part-time rate for casuals The new two-tiered payments follows revelations in a report to be released today that a million casual workers scored a pay rise worth up to $7700 on JobKeeper. Prime Minister Scott Morrison will announce an extension of the scheme on Tuesday beyond the original September end-date and the future of the JobSeeker unemployment payment.... As revealed by news.com.au, it will be extended at a lower rate when the original $1500-a-fortnight scheme ends in September, but will remain at a rate of $1200 a fortnight until March. But a new, part-time rate will be offered to casuals after confirmation that around one in four workers on JobKeeper were securing a pay rise that was worth $550-a-fortnight on average the same amount as the JobSeeker coronavirus supplement. The surprise bonus was delivered to an estimated 875,000 long-term casuals who qualified for the $1500-a-fortnight JobKeeper payment. The COVID-19 pay rise was worth up to $550 a fortnight on average for the one in four workers overpaid and rose to $7,700 over the full six months of the scheme. https://www.news.com.au///31a7eeb231a9f2c5b23b440461b2a16a

04.01.2022 Scaled payments will replace JobKeeper for workers hardest hit by pandemic Annika Smethurst The Sunday Telegraph Saturday, 18 July 2020 10:00PM...Continue reading

04.01.2022 HESTA, Cbus can hardly lecture AMP on sexual harassment Industry super has a lamentable record of silence when the wrongdoing is by one of their own Joe Aston Columnist Jul 16, 2020 AUSTRALIAN FINANICIAL REVIEW...Continue reading

04.01.2022 67 Million Ounces: World's Biggest Gold Reserves Discovered Deep In Siberia https://www.zerohedge.com//67-million-ounces-gold-worlds-b

03.01.2022 Another Union Super Fund who won't pay up Adviser demands answers from Media Super BY ELIZABETH MCARTHUR | 8 SEP 2020 FINANCIAL STANDARD...Continue reading

03.01.2022 Reliance on historical returns, not seeking advice and a lack of diversification are the top investment mistakes made by millionaires, according to a survey. https://www.moneymanagement.com.au//lack-advice-among-mill

02.01.2022 Wall Street legend and Quantum Fund co-founder Jim Rogers says out-of-control "printing and spending" by central banks and governments is forcing global markets into a dangerous bull run, while predicting Donald Trump's victory in next week's US presidential election. https://www.afr.com//jim-rogers-predicts-trump-win-market-

02.01.2022 Dirty secret behind green electric cars The diesel spill from Nornickel turned a Siberian river red. Picture: AFP By EMILY GOSDEN THE TIMES...Continue reading

02.01.2022 The recession is over: RBA Matthew Cranston Economics correspondent Oct 27, 2020 3.58pm AUSTRALIAN FINANCIAL REVIEW... Reserve Bank deputy governor Guy Debelle has effectively declared Australia is out of a technical recession, telling a Senate estimates hearing that the September quarter would show positive growth and the drag on the economy from Victoria would be less than first thought. After recording a 0.3 per cent contraction in gross domestic product in the March quarter and a record 7 per cent contraction in the June quarter, the economy marked its first recession in 29 years. The Reserve Bank's expectation of a positive September quarter now indicates the economy is out of a technical recession, regarded as two negative quarters of growth. RBA Deputy Governor Guy Debelle told Senate estimates on Tuesday that Australia has effectively climbed out of a technical recession. Alex Ellinghausen "At the moment it looks like the September quarter for the country probably recorded positive growth rather than slightly negative," Dr Debelle said. "The growth elsewhere in the country was more than the drag from Victoria and the drag from Victoria was possibly a little less than what we guessed back in August." The Reserve Bank's formal forecasts will be revealed next Friday when it delivers its Statement on Monetary Policy. All the big four banks expect the technical recession is now over, although their chief economists are still cautious about overestimatinng the recovery, with more than 930,000 people still unemployed. Dr Debelle said the difficulties in forecasting were now the worst he had ever confronted. "The range of uncertainty around the numbers at the moment is as large as it has been in my career," he told the hearing. "We are having a lot of trouble trying to understand where we are let alone where we are going." https://www.afr.com//the-recession-is-over-rba-20201027-p5