Call us: (08) 6267 2200
reception@optimapartners.com.au
  • PAY MY INVOICE
Optima PartnersOptima PartnersOptima PartnersOptima Partners
  • Home
  • About Us
    • Meet The Team
    • Testimonials
  • Our Services
    • Business Advisory
    • Taxation Services
    • Self Managed Superannuation
    • Bookkeeping Services
    • Corporate Secretarial Services
  • Latest News
  • Contact Us

Super Funds on the brink of becoming lenders?

By admin | Blog, SMSF & Superannuation | 0 comment | 19 December, 2017 |

A recent meeting between the elite and knowledgeable touted the idea of long term business lending being introduced to the investment strategies of public offer superannuation funds as a way forward.

The meeting hosted by Anthony Pratt included heavy weights Gina Rinehart and Lindsay Fox to mention a few.  I guess you could say “well why not”, as no doubt on the other side of the coin these are employers who support the system.

In a nutshell they were discussing the potential viability of superfunds lending to business and the gist is that they were after long term business loans.  On the face of it the proposal has some merit when considering that Australian Companies employ Australians and so logic would tell you it’s a good thing to keep them strong.

It’s good at least to see that something has been keeping them awake at night!  Perhaps if this gets up and by the sounds of it the mechanics of making it happen isn’t as easy as it sounds, it also isn’t hard to imagine that this could potentially open up the door to super funds lending to their members for home and personal loans, locking in loyalty.

The idea of industry funds lending to fund projects in their industry makes logical sense, however I am sure that there will in many cases be a need to ensure that each project and lend is going to benefit the members as this at the end of the day is the reason for the whole existence of superannuation and should be fiercely protected.

If you have any superannuation issues or questions, feel free to contact Optima Partners – Your Pathway to Personal & Financial Security on 6267 2200.

Liz Gibbs

 

 

 

 

 

Liz Gibbs

SMSF MANAGER

Superfund

Related Post

  • A negative sentiment on negative gearing

    By admin | 0 comment

    Negative gearing has always been thought of as a handy tax break. However, amongst the younger generation it is becoming synonymous with causing excessive property prices. In an attempt to bid for younger Australians’ politicalRead more

  • Superannuation and young Australians

    By admin | 0 comment

    Does the word superannuation send you to sleep like a multitude of young to middle aged Australians? It shouldn’t – it could be your largest asset. Superannuation and young Australians – I thought I’d startRead more

  • Ethics in technology

    By admin | 0 comment

    Ethics in technology – there is a trend towards consumers using businesses who can demonstrate they are ethically sound. They are modifying their spending behaviour to reduce their environmental footprint, for example avoiding brands withRead more

  • Three annoying taxes that businesses forget

    By admin | 0 comment

    Mention the word ‘Tax” to anybody and they instantly think of Income Tax – the annual totalling up of income and deductions and lodging a return. If you’re a business operator, you might have quarterlyRead more

  • Single touch payroll

    By admin | 0 comment

    Another step towards simplifying payroll reporting obligations for your business As accountants and bookkeepers are well aware – many small businesses encounter the problems of correctly reporting payroll information to the Australian Taxation Office (ATO),Read more

  • 4 methods to claim your motor vehicle expenses and increase your refund

    By admin | 0 comment

    Do you perform errands from your workplace in your own vehicle? Do you use your car to carry bulky work tools and equipment and can’t store them safely at your workplace?  Do you travel fromRead more

  • 1 in 3 …. do you like those odds? Life Insurance – worth it?

    By admin | 0 comment

    1 in 3 ….do you like those odds?  Talking about winning Lotto, you probably do! In getting cancer, suddenly those odds don’t look so great.  Is Life Insurance worth the money? Four weeks ago a friendRead more

  • What is an audit ?

    By admin | 0 comment

    When I finished high school and got my “O” level results (TEE to the very young), my Dad asked me what I planned to do.  When I said that I was not sure, as passingRead more

Leave a Comment

Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Optima Partners News – October 2022
  • HitIQ lists on the ASX
  • Top 7 Characteristics of Great Leaders
  • Jobkeeper 2.0 Update
  • Working at home tax deduction due to COVID-19

Recent Comments

    Archives

    • April 2022
    • June 2021
    • August 2020
    • July 2020
    • April 2020
    • March 2020
    • February 2020
    • November 2019
    • October 2019
    • August 2019
    • July 2019
    • April 2019
    • March 2019
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • November 2016
    • October 2016
    • September 2016
    • August 2016
    • July 2016
    • June 2016
    • May 2016
    • April 2016
    • March 2016
    • February 2016
    • January 2016
    • December 2015
    • November 2015
    • October 2015
    • September 2015
    • August 2015
    • July 2015
    • June 2015
    • May 2015
    • April 2015
    • March 2015

    Categories

    • APP Reviews
    • ATO matters
    • Audit
    • Blog
    • Economic Update
    • Estate Planning
    • Federal Budget
    • HECS/HELP
    • HR & Admin
    • Insurances
    • LIfe Lessons
    • MYOB / Xero /Cloud accounting software
    • Optima Team
    • Payroll
    • Rental / Property Investment
    • Shares, Options trading and other investments
    • Small Business
    • SMSF & Superannuation
    • Tax time / planning
    • Uncategorized
    • Updates/News

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Optima Partners is an energetic and innovative accounting, taxation and business advisory firm with offices in Osborne Park, Guildford and Fremantle.

    To discover how we help businesses across Perth please drop us a line today.

    Tel: (08) 6267 2200

    Email: reception@optimapartners.com.au

    Osborne Park Office

    Suite 3, 128 Main Street,
    Osborne Park,
    WA 6017

    Office Hours:
    Weekdays 8:00am – 5:00pm

    Postal Address

    Locked Bag 5000,
    Osborne Park,
    WA 6917

    Guildford Office

    143 James Street,
    Guildford,
    WA 6055

    Office Hours:
    Weekdays 8:30am – 5:00pm

    Fremantle Office

    Level 1, 72 Marine Terrace,
    Fremantle,
    WA 6160

    Please call for appointment

    Copyright 2021 The Small Business Lounge | All Rights Reserved
    • Home
    • About Us
      • Meet The Team
      • Testimonials
    • Our Services
      • Business Advisory
      • Taxation Services
      • Self Managed Superannuation
      • Bookkeeping Services
      • Corporate Secretarial Services
    • Latest News
    • Contact Us
    Optima Partners