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Graham

500 Editions of Firstlinks ... and counting

To mark the 500th Edition, extracts from two publications give context to the development of Firstlinks. Greg Bright brings an authoritative voice in a forthcoming book, while Telum Media asks about the content.

Most people (and the ATO) do not know their super tax

  No entity holds a consolidated view of the taxable income of super, not even the ATO. So Treasury and the Treasurer adopted a simple method to impose a new tax, and the adverse consequences then started to surface.

10 revelations about the new $3 million super tax

Treasury might not realise, but it's not a 30% tax, it's a completely new tax. And payment will not be due until FY28. Taxing unrealised gains will have major implications and the lack of indexing must change.

How the new super tax will hit large balances

The Government rushed a decision to increase tax on super balances above $3 million. Although the effective date is after the next election, the big surprise is including unrealised capital gains in earnings.

Labor's ‘stability and certainty’ sings from Morrison's hymn sheet

Six years on, the Labor Government used exactly the same words that Treasurer Scott Morrison said in 2016. Before changes in super rules, we are promised "stability and certainty", but the top 1% is too tempting.

Lesson 1: focus on the long term, Lesson 2: see Lesson 1

In this exclusive interview, three global fund managers come together to make the case for long-term, active portfolio management in more difficult times. Passive can no longer rely simply on strong market momentum.

Latest Updates

Superannuation

Meg on SMSFs: First glimpse of revised Division 296 tax

Treasury has released draft legislation for a new version of the controversial $3 million super tax. It's a significant improvement on the original proposal but there are some stings in the tail.

Investment strategies

10 fearless forecasts for 2026

The predictions include dividends will outstrip growth as a source of Australian equity returns, US market performance will be underwhelming, while US government bonds will beat gold.

Infrastructure

How many hospitals will an extra 1 million people need?

We're about to add another million people to cities like Brisbane, Sydney, and Melbourne. How many hospitals and other essential infrastructure are needed to cater to a million more people? This breaks down the numbers.

Risk management

Is the world's safest currency actually the riskiest?

The US dollar’s long-standing role as a ‘shock absorber’ during times of market stress is showing cracks. The ‘Liberation Day’ sell-off was a timely reminder of this, and here's what investors should do about it.

10 things I learned about dementia and care homes from close range

My mother developed dementia before eventually dying in June last year. She was in three aged care homes before finding the right one. Here is what I learned along the way.

Economics

China's EV and solar backlog and future trade wars

China has flooded the world with electric cars and solar panels to offset the economic drag from a weak domestic property market. How long can this go on, and what are the implications for commodities and Australia?

Investment strategies

Why Elon Musk's pay packet is justified

Tesla copped criticism after its shareholders approved a package allowing Musk to earn up to $1 trillion in stock options. If only Australian businesses were more like Tesla.

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