AFF Member Stock Discussion

[Dr Ralph]

Today I'm on WOW, TAH and EDV.

 

[Mr_Orange]

Today I'm on WOW, TAH and EDV.

Interesting choices....

 

[cove]

We won’t be investing in Victoria this decade.

 

[Kerrodt]

We won’t be investing in Victoria this decade.

Yeah it's a real mess here in Victoria. Not sure anyone has any real ideas or plans on how to get out of it this time.

 

[cove]

A lot of Victorians cannot easily get out even if they wanted to this year.
Meanwhile we sold James Hardie and Ramsay Health.
We bought Good Drinks Australia which is GDA. Their downward trend may mean we are a bit too early.

 

[MARTINE]

Yeah it's a real mess here in Victoria. Not sure anyone has any real ideas or plans on how to get out of it this time.

Agree

 

[tgh]

Q. Seeks to emulate the cellar but will run out of time

 

[Mr_Orange]

What are you lot on about?

 

[prozac]

Carrying on Allan's legacy.

Sorry, not sorry: Qantas perfects the art of the non-apology

To suggest that the airline’s settlement over the ghost flights matter makes Qantas a trustworthy company is to be wilfully blind to its recent history.

www.smh.com.au

 

[Happy Dude]

Yeah it's a real mess here in Victoria. Not sure anyone has any real ideas or plans on how to get out of it this time.

Fo sho. The Government's plan to tax the bejeezus of everything sure feels pretty real to me. They've started with the low hanging fruit and will be interesting to see where to next.

 

[cove]

Today we bid for De Grey shares with Argonaut @$1.10. Should hear tomorrow or Friday as they are trying to bank $600 million for their gold project.

 

[tgh]

It has been a long time since we took a hit but yesterday was the day….(NBI)

 

[prozac]

Attended an accountancy firm presentation regarding the budget last night. Some interesting take-aways.
- Income from World Cup Rugby in Oz will be tax free
- Program to reduce cows farting
- $23m for Uraguay for social security for workers who work in both countries
- 1.5% tax levy on Sweet Potatoes
- The Census will use MyGov (see if this one works)

 

[Mr_Orange]

Program to reduce cows farting
- $23m for Uraguay for social security for workers who work in both countries
- 1.5% tax levy on Sweet Potatoes

WTF x3!

 

[prozac]

WTF x3!

We all need to play rugby

Edit: - Super guarantee now needs to be paid on same date as employee is paid
Directors now liable for past unpaid super contributions
ATO now chasing super from previously liquidated companies

****** From 1 July 2025 ATO will start taxing unrealised capital gains (I think this was on SF balances over $3m). The real example was given of an Australian client living in Switzerland but who rents out his beachside unit in Sydney. The Swiss tax office taxes this client every year on the increased value of the Sydney property! This is what is proposed for the ATO.
The statement was be careful who you vote for as it is not yet set in concrete.

 

[VPS]

We all need to play rugby

Edit: - Super guarantee now needs to be paid on same date as employee is paid
Directors now liable for past unpaid super contributions
ATO now chasing super from previously liquidated companies

****** From 1 July 2025 ATO will start taxing unrealised capital gains (I think this was on SF balances over $3m). The real example was given of an Australian client living in Switzerland but who rents out his beachside unit in Sydney. The Swiss tax office taxes this client every year on the increased value of the Sydney property! This is what is proposed for the ATO.
The statement was be careful who you vote for as it is not yet set in concrete.

I'm all for directors being liable for unpaid super. There is a woman who had a cafe near me and declared herself bankrupt and left a number of young employees without their super and now she has opened another cafe on the other side of town - not sure who owns it though

 

[prozac]

I'm all for directors being liable for unpaid super. There is a woman who had a cafe near me and declared herself bankrupt and left a number of young employees without their super and now she has opened another cafe on the other side of town - not sure who owns it though

The ATO will be chasing her now.
AND super guarantee must now be paid same day as employee is paid.

 

[TheRealTMA]

I'm all for directors being liable for unpaid super. There is a woman who had a cafe near me and declared herself bankrupt and left a number of young employees without their super and now she has opened another cafe on the other side of town - not sure who owns it though

The "old" self policed scheme was just appalling. Some years ago, a friend who was the main researcher for a company and developed the IP and electrodes for them which made their future and fortune, was diagnosed with terminal BC so retired, and the owners said “oh sorry we couldn't afford to pay your super. “ Six months later they sold the business for millions and never paid the super. IMHO they should have gone to jail.

 

[Mr_Orange]

Super guarantee now needs to be paid on same date as employee is paid

This is good. It has always annoyed me that employers paid super approx 6 weeks later.

 

[Steady]

AND super guarantee must now be paid same day as employee is paid.

Do you have a link to this? everything I find says it doesn't come into effect until July 26

Post automatically merged: May 17, 2024

This is good. It has always annoyed me that employers paid super approx 6 weeks later.

Or longer for those who only have to pay quarterly