Election 2016: John Symond is wrong on negative gearing. Here's why
COMMENT Video will begin in 5 seconds. Aussie John's negative gearing u-turn What Aussie Home Loans' John Symond said on Q&A in 2013 is almost exactly the opposite of what he said on Sunday Sunrise PT1M14S 620 349 "Aussie John" has got it wrong. The main impact of Labor’s policy would be to slow prices rises, something an honest broker trying to get people into houses ought to want. Here's John Symond on Sunday's Sunrise, asked about Labor's negative gearing policy: ..>> view originalWe've made good on WA's GST issue: PM
A GST scare campaign dogged Tony Abbott's electioneering in 2013. On every day, in every state, in every city, the then Liberal leader was quizzed about his supposed plans to raise the GST. Untrue, he repeatedly said. Three years later any issue about the GST is limited to just one state - Western Australia. WA Treasurer Mike Nahan last week turned on the state's federal Liberal MPs for not doing enough to lift its share of GST revenue, telling voters to back Palmer United Party senator Dio Wan..>> view originalIngham investing $275m in South Australia
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Live export dampens otherwise solid half-year results for Elders
Live export dampens otherwise solid half-year results for Elders Posted May 16, 2016 17:23:33 Elders's financial turnaround has continued, with the agribusiness reporting a statutory half-year net profit after tax of $24.6 million.That is up from $16 million the same time last year.Chief financial officer Richard Davey said the strong retail sector had driven an increase in profit. Results:Statutory net profit after tax: $24.6 million up $8.7mUnderlying net profit a..>> view originalThe Star rolls dice on $2b Gold Coast complex
An artist concept of the proposed development at The Star's Jupiters casino on the Gold Coast. Photo: Star Entertainment Group The Star Entertainment Group and its Hong Kong partners may build up to five new towers with 3000 hotel rooms and apartments on the Gold Coast as part of a $2 billion masterplan centred around the expansion of its ageing Jupiters casino.Construction of a proposed 200-metre hotel and apartment tower, which includes 350 apartments and 7..>> view originalVirgin unveils new business class
Virgin’s new business class section. Picture: Virgin AustraliaVIRGIN Australia has launched its new international business class cabin today, along with a surprise for economy passengers.The first of the airline’s refitted Boeing 777-300ER planes to feature the new cabin, called ‘The Business’, has already taken to the skies and is now flying across the Pacific.The new section includes 37 suites that convert into the length of a square bed (80 inches), in a 1-2-1 configuration. The airline says ..>> view originalRedbubble chief flies flag after 9 per cent IPO rise
Off and running: Martin Hosking rings the ASX bell on Redbubble's first day of trade. Ben Rushton Redbubble chief executive Martin Hosking said it was demonstrating it is possible to lead a global consumer technology player from Australia after a good performance on its first day as a public company.The e-commerce business started trading on the ASX on Monday and closed 9 per cent up on its $1.33 issue price at $1.45, after hitting a high of $1..>> view originalClass action filed against dairy giant Murray Goulburn
Global dairy prices have fallen around 60 per cent since early 2014. Photo: Rob Gunstone Australia's biggest milk producer Murray Goulburn and its board is being sued by investors for allegedly misleading investors ahead of its float last year. The class action was filed in the Supreme Court of Victoria just days after it emerged members of the board of the milk producer were allegedly aware it was not meeting its targets months before informing the market. I..>> view originalQueensland Environment Minister says clean-up laws will save taxpayers
Environment Minister Steven Miles says the laws were in part a response to public opinion "which is that people should rehabilitate their sites". Photo: Chris Hyde Queensland's Environment Minister has no regrets about introducing legislation designed to hold mining and resource companies, not taxpayers, responsible if a mine goes into administration.The LNP has seized on the State of the Sector report from the Queensland Resources Council, which found just 1..>> view original
Monday, May 16, 2016
Election 2016: John Symond is wrong on negative gearing. Here's why and other top stories.
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