TOKA Finance in Pottsville, New South Wales | Tax preparation service

TOKA Finance

Locality: Pottsville, New South Wales

Phone: +61 2 6676 4823

Address: 1/1 Coronation Ave 2489 Pottsville, NSW, Australia

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

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25.01.2022 The RBA today announced a further reduction of 0.25%, bringing the Cash Rate to a record low of 0.25%: The coronavirus is first and foremost a public health iss...ue, but it is also having a very major impact on the economy and the financial system. As the virus has spread, countries have restricted the movement of people across borders and have implemented social distancing measures, including restricting movements within countries and within cities. The result has been major disruptions to economic activity across the world. This is likely to remain the case for some time yet as efforts continue to contain the virus. Click below to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision. https://www.rba.gov.au/media-releases/2020/mr-20-08.html

21.01.2022 The RBA has committed to maintaining the existing Cash Rate, holding at 0.25%: The coronavirus remains first and foremost a very major public health issue, but ...it is also having very significant effects on economies and financial systems around the world. Many countries are expected to experience large economic contractions as a consequence of the public health response. Large increases in unemployment are also expected. Once the virus is contained, a recovery in the global economy is expected, with the recovery supported by both the large fiscal packages and the significant easing in monetary policy that has taken place. Click below to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision. https://www.rba.gov.au/media-releases/2020/mr-20-11.html

21.01.2022 The RBA has committed to holding the existing Cash Rate, staying at 0.25%: The global economy is experiencing a severe downturn as countries seek to contain the... coronavirus. Many people have lost their jobs and there has been a sharp rise in unemployment. Over the past month, infection rates have declined in many countries and there has been some easing of restrictions on activity. If this continues, a recovery in the global economy will get under way, supported by both the large fiscal packages and the significant easing in monetary policies. Click the following link to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision. https://www.rba.gov.au/media-releases/2020/mr-20-15.html #rba #cashrate

20.01.2022 The RBA makes no change to the current Cash Rate, holding at 0.25%: Globally, an uneven economic recovery is under way after a very severe contraction in the fi...rst half of 2020. The future path of that recovery is highly dependent on containment of the virus. High or rising infection rates have seen a recent loss of growth momentum in some economies. By contrast, in China, economic growth has been relatively strong. In financial markets, volatility is low and the prices of many assets have risen substantially despite the high level of uncertainty about the economic outlook. Bond yields remain at historically low levels. The US dollar has depreciated against most currencies over recent months. Given this and higher commodity prices, the Australian dollar has appreciated, to be around its highest level in nearly two years. Click the following link to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision: https://www.rba.gov.au/media-releases/2020/mr-20-20.html #rba #cashrate

18.01.2022 The RBA continues to maintain the existing Cash Rate, holding at 0.25%: The global economy has experienced a severe downturn as countries seek to contain the c...oronavirus. Many people have lost their jobs and there has been a sharp rise in unemployment. Leading indicators have generally picked up recently, suggesting the worst of the global economic contraction has now passed. Despite this, the outlook remains uncertain and the recovery is expected to be bumpy and will depend upon containment of the coronavirus. Over the past month, infection rates have declined in many countries, but they are still very high and rising in others. Click the following link to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision: https://www.rba.gov.au/media-releases/2020/mr-20-17.html

15.01.2022 The RBA continues to hold the Cash Rate at 0.10%: The global economy is continuing to recover from the pandemic and the outlook is for strong growth this year a...nd next. The recovery remains uneven, though, and some countries are yet to contain the virus. Global trade in goods has picked up strongly and commodity prices are mostly higher than at the start of the year. However, inflation remains low and below central bank targets. Click the following link to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision: https://www.rba.gov.au/media-releases/2021/mr-21-06.html

13.01.2022 With interest rates having already been reduced to a very low level and recognising the long and variable lags in the transmission of monetary policy, the Board decided to hold the cash rate steady at this meeting. Read more here: https://rba.gov.au/media-releases/2020/mr-20-01.html

12.01.2022 The RBA announced a further reduction today of 0.25%, bringing the Cash Rate to a further record low of 0.50%: The global outbreak of the coronavirus is expecte...d to delay progress in Australia towards full employment and the inflation target. The Board therefore judged that it was appropriate to ease monetary policy further to provide additional support to employment and economic activity. It will continue to monitor developments closely and to assess the implications of the coronavirus for the economy. The Board is prepared to ease monetary policy further to support the Australian economy. Click below to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision. https://rba.gov.au/media-releases/2020/mr-20-06.html

12.01.2022 The RBA continues to maintain the current Cash Rate, staying at 0.25%: The global economy is experiencing a severe contraction as countries seek to contain the... coronavirus. Even though the worst of this contraction has now passed, the outlook remains highly uncertain. The recovery is expected to be only gradual and its shape is dependent on containment of the virus. While infection rates have declined in some countries, they are still very high and rising in others. International trade remains weak, although there has been a strong recovery in industrial activity in China over recent months. Click the following link to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision: https://www.rba.gov.au/media-releases/2020/mr-20-18.html

10.01.2022 SCAM ALERT Be on the lookout for a new text (SMS) scam, which exploits the recent natural disasters and falsely claims people are entitled to a tax bonus. ... Don’t click any links and don’t give out your bank details, even if it looks convincing. Remember we’ll never send a text asking you to access our online services via a link. Scammers try to take advantage of people when they’re vulnerable, and we’re doing what we can to shut these scammers down. Warn your friends and family, report any scams you receive, and visit our scam alerts page to learn more: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts

08.01.2022 Happy New Year Everyone! Welcome to the New Year, which brings with it the usual adjustment period of reminding yourself to correctly date documents. Inevitably many will make this mistake for a while until the new habit kicks in. During this year of ‘2020’ there is one more twist, should you not record the year in full as ‘2020’.... Dating a document, for example, as ‘7/1/20, rather then ‘7/1/2020’ may leave you open to the risk of that document subsequently being altered. It is very easy to back date (or forward date) an already signed document by adding digits to the ‘20’ to state as ‘2018’, for example. Those ‘20’s’, if altered, could drastically change the intention or enforceability of the document. It’s also a good time to remember to keep your own copies of all important documents to evidence what really happened, should you ever be in a position where you are required to prove as such. The good news is once we get into the habit of dating documents as ‘2020’, the year will be over and the issue won’t be in play in 2021!

07.01.2022 The cash rate now sits at an unprecedented 0.75%! "The Board took the decision to lower interest rates further today to support employment and income growth and... to provide greater confidence that inflation will be consistent with the medium-term target. The economy still has spare capacity and lower interest rates will help make inroads into that. The Board also took account of the forces leading to the trend to lower interest rates globally and the effects this trend is having on the Australian economy and inflation outcomes." Click below to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision. https://www.rba.gov.au/media-releases/2019/mr-19-27.html

06.01.2022 The RBA continues to hold the Cash Rate at 0.25%: The global economy is gradually recovering after a severe contraction due to the pandemic. However, the recov...ery is uneven and its continuation is dependent on containment of the virus. While infection rates have declined in some countries, they have increased in others. The recovery is most advanced in China, where conditions have improved substantially over recent months. Globally, inflation remains very low and below central bank targets. Click the following link to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision: https://www.rba.gov.au/media-releases/2020/mr-20-24.html See more

02.01.2022 The RBA has decided to maintain the existing Cash Rate, holding at 0.25%: The global economy is experiencing a severe downturn as countries seek to contain the ...coronavirus. Many people have lost their jobs and a sharp rise in unemployment is occurring. At the same time, the containment measures have reduced infection rates in a number of countries. If this continues, a recovery in the global economy will start later this year, supported by both the large fiscal packages and the significant easing in monetary policies. Click below to read the full statement from Statement by Philip Lowe, Governor: Monetary Policy Decision. https://www.rba.gov.au/media-releases/2020/mr-20-13.html

01.01.2022 Wishing everyone a safe & happy holidays. Merry Christmas from the team at TOKA