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FPA Weekly Media Digest - (super related overview)
Saturday, 27 May - Friday, 2 June 2000
Source: FPA 'Weekly Media Digest'
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2nd June 2000
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This material is reproduced by permission but does not purport to be the official or authorised version.
The accuracy of the content is not guaranteed. Please rely only on the authorised document.
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Financial Review 29/5
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p47
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Retrospective CGT on pensions under fire.
The Financial Planning Association is to lobby the Federal Government for changes to the Capital Gains Tax. The changes may affect many self-funded retirees who could face huge tax bills on July 1.
Mentions: Ian Chester Martin, FPA spokesperson.
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West Australian 29/5
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p42
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Pick stocks for long-term income.
Article recommending investment in safe, predictable shares that will guarantee long-term income set for retirement. National chairman of the Financial planners Association Ray Griffin gave a talk on how to find the right financial planner at the Your Money seminar organised by the West Australian in conjunction with Deutsche Bank.
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Herald Sun 27/5
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p60
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Accounting for cash.
An article detailing the career of a financial planner, Claudine Williams, whom specialises in tax and retirement planning with her own business. Financial Planning Association of Australia chief executive Michael McKenna says that financial planners need people skills, a customer focus, listening skills, and striving for goals in order to be successful.
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Radio
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Saturday Mornings 27/05/2000 - 09:40 AM
3LO (Melbourne)
Compere: Tonya Roberts Duration: 2:50
Finance segment with Sarah Robinson, Senior Client Advisor, Macquarie Equities.
Discusses the state of the market this week, which was volatile; tendency of people to now invest in low risk companies; continued significant risk in the market with further interest rates expected in the US; need for shareholders not to sell their quality stocks when it drops in price.
Various callers seek investment advice, including caller Michael who has a friend turning 65 and is looking to invest his superannuation money. He inquires about the best place to invest.
Robinson recommends visiting a financial planner.
Mentions: AGL; APT; Datafast; B Digital; Seven Network; ERG; AAPT; Barkworth Olive Growers. Argo Investment Ltd.
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Radio
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John Clarke 29/05/2000 - 12:07 PM
2NC (Newcastle)
Compere: John Clarke Duration: 22:20
Garratt discusses how the GST will impact on managed fund investments, both superannuation funds and other investment funds.
Caller: John asks how the GST will effect a fixed term investment.
Caller: Mal asks why dental products will be charged GST when they have never been charged sales tax.
Caller: Tom says the Business Council of Australia advocated the GST before the last election and is doing what's best for business. Argues that the ACCC policing of prices rising under the GST is a form of price control and shouldn't be allowed in a free market economy.
Caller: Paul Says economists have many different views on the GST.
Interviewees: Steve Garratt, Financial Planning Association
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