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FPA Weekly eSummarieS - (super related overview)
Saturday, 24 June - Friday, 30 June 2000
Source: FPA 'Weekly eSummarieS'
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30th 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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Adelaide Advertiser 26/6
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p75
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Follow the paper trail for ATO.
Question and answer article on self-managed superannuation funds and what you are required to tell the tax office. Answer provided by Phillip Eley, a certified financial planner. Article gives the Financial Planning Association's toll free telephone number and web site address.
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Radio
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Morning 23/06/2000 - 11:08 AM
ABC 666 2CN (Canberra)
Compere: Louise Maher Duration: 22:-10
Regular finance segment with Wayne Liere:
Talks about money and personal finance; booklet by Financial Planning Association called 'Advice Worth Taking' - sets out consumer rights when seeking advice from financial planner; people need help in managing short term cash flow management and planning for the future; superannuation and tax; superannuation legislative changes eg after July restrictions on access to lump sum superannuation funds; taxation issues for govt. pension recipients who may still work as consultants - can still contribute to your own superannuation.
Callers.
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Radio
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Afternoon With Ernie Sigley 26/06/2000 - 01:19 PM
3AW (Melbourne)
Compere: Dennis Walter Duration: 18:-44
Finance Segment with Dominic Alafaci, Financial Planning Association.
Alafaci discusses investment jargon, various classes of assets, introduction of the GST, superannuation, property investments and settlement; trustees responsibilities; margin calls; deductible amount.
Talkback callers seek investment advice.
Mentions: NRMA float, ING Bank, GST.
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TV
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Denise 28/06/2000 - 11:17 AM
Channel 7 (Adelaide)
Compere: Denise Drysdale Duration: 8:-30
Drysdale says with only a few more days until the introduction of the GST, what kind of impact can the small investor expect to find. Bowerman says he is a bit nervous because there is three days until the GST comes in. Drysdale asks why he is nervous. Bowerman says the magazine will come out on Friday and cost $5.50 and on Saturday it will cost $6.00. He says the biggest impact the GST on small investors is going to be on spending. He says the trick is to have a budget. He says understand where it is and by doing this you will be able to find out where the GST is hurting you and where it is helping you. He says the trick is to save the tax cuts. He says with capital gains, it has their own unique tax system. He says from July 1 your income rates come down. He says if you are sitting on a capital gain or a capital loss you might be better off selling your capital loss shares now. He says on the Personal Investor web site they have a calculator, which allows you to work out your superannuation.
Drysdale says for more information call the Financial Planning Association on 1800 626 393.
Interviewees: Robin Bowerman, Personal Investor Magazine
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