As editor, Mark oversees the day-to-day online news at Business News. His particular brief is following major deals, the professions and private/family businesses. Mark has 35 years' career experience, primarily in business journalism. Before becoming a journalist, he was an economist with the Commonwealth Treasury in Canberra. He has worked for The Australian Financial Review and The West Australian, and also has public relations and corporate affairs experience.
GEARING is widely accepted as a sound strategy for investors who want to increase their market exposure.In simple terms, it means borrowing money in order to buy income-producing assets, typically shares or property.
MONITOR Money has become the fourth Australian financial advisory network owned by AXA Asia Pacific.AXA announced last week the purchase of Monitor Money and a leading New Zealand advisory group, Spicers, for $201 million.
THE rapid growth of master funds has been one of the defining trends in financial services during the past decade.Wrap accounts, which provide essentially the same service, also have attracted keen support in recent years.
THE practice of salary packaging has continued to be surprisingly popular, despite the introduction of the fringe benefits tax in the mid 1980s.The FBT has greatly reduced the scope for packaging but has certainly not ended the practice.
The cheapest option is to prepare the will yourself. Do-it-yourself kits with instructions and sample wills can be bought from newsagents or via web sites like www.legalwills.com.au for between $25 and $40.
AUSTRALIA’S superannuation funds have just produced their lowest annual returns for the past 10 years. And for the first time in a decade, inflation (6 per cent per annum) was higher than the median return.
Sodexo has been shortlisted with two other companies to manage all of Rio Tinto’s camps and other facilities in the Pilbara, in the same week it has been awarded a contract to run Shell’s Prelude Floating LNG facility.
A joint venture comprising Henderson-based contractor Civmec and international engineering firm Black & Veatch has been selected as preferred proponent for a $196 million wastewater project south of Perth.
The Kailis family has folded its Kailis Bros seafood business into a larger, newly-capitalised venture called KB Foods that will be 90 per cent owned by Hong Kong-listed conglomerate Legend Holdings. Click through to see the multiple WA businesses owned by members of the Kailis family in WA.
Woodside Petroleum is hoping to win state government backing for a new 700-bed fly-in, fly-out camp at Karratha, after selecting a consortium led by Multiplex and Compass Group to build, own and operate the facility.