Every year, many thousands of Australians try to come to terms with a surprisingly common financial setback – the loss of money through personal fraud. Losing money is hard enough at any time – perhaps after making a poor but legitimate investment – but losing money to crooks must be particularly hard to take. The…
In a recent decision, the Administrative Appeals Tribunal (AAT) partially disallowed rental deductions on the grounds that the property was purchased for use as a residence and not as a rental property The applicant owned a rental property in Sydney for which he claimed rental deductions totalling over $400,000 between 2001-2003. All of these deductions…
When Rupert Murdoch was quizzed about his alleged interference with the editors of his newspapers, he responded: “I read their balance sheets, not their editorials.” Sophisticated investors contemplating an investment in a particular listed company will usually want to study its latest annual report. If their time is limited there are five key aspects that…
The relationship between the real world and the stockmarket can sometimes seem tenuous. The rout on financial markets is inescapable yet people are still going to work earning money, going to the supermarket or the pub to spend it, buying fridges, TVs and even luxury cars. Spring is in the air and football finals fever…