Australian Investment Education

  As you would have heard, Anthony Albanese for the Labor Party is the new Prime Minister of Australia. Join us for this week’s episode where we talk through all of the major takeaways from the election itself, and what Labor’s Australia might look like over the next few years Secondary Voting – The Election Decider Labor won the election in what has been touted as a convincing fashion. The reality, however, is that the major parties attracted between 30 and 35% of the vote each and the Liberal party actually took more of the two. The impact of secondary voting in Australia’s political system is hugely impactful, and it seems odd that a majority government can be formed after not receiving the bulk of primary votes. Host Andrew Baxter notes that the world has changed and perhaps our political system should be reviewed, but perhaps that’s an issue for another podcast. A large contingent of Independent and Greens candidates winning seats led to Labor’s majority and th...

As apart of APRA’s new legislation, MyGov Superannuation funds are now under investigation for failing to meet basic benchmarks of performance.  Also, with some household funds name and shame. And here is how your Super may have affect: MySuper – The Default Super Anyone who has worked part-time as a glassy over the uni holidays or casually in a pizza shop probably has a MySuper account. The MySuper institutions are essentially the ‘default’ superannuation funds. That is elect for people if they have not nominate their own retail or industry fund. Host Andrew Baxter says that most people who are effectively oblivious to super are typically the ones who hold cash in MySuper organizations. Also, given it had been provided to them by default. This is scary in itself. However, it was the performance of these that really struck a chord with us. APRA’s Performance Results The Australian Prudential Regulatory Authority (APRA) investigated 86 of the MySupe...

As we delve deeper into the Coronavirus Pandemic recession. The need for sustainable economic policy and legislation is pivotal. With ever changing policies such as the early access to Superannuation or the legislated increase in mandatory employer contribution. This leaves us with a double-edged sword and awfully confused as to where we’re headed. Here are the three biggest talking points regarding Superannuation right now. Early access to Super – is it being well spent? In spirit, the government has tried to create beneficial policies. To help those in need put food on the table during these challenging times. Specifically, this came with the ability to early access your super. As one of the three main headlines surrounding super. This caused an awful lot of controversy due to where this money is being spent. If you haven’t already heard. Aussies are now able to withdraw $10k from their super last financial year and a further $10k this financial year. Interestingly eno...