Questions tagged [australia]

For questions that relate to the laws, practices, and products of Australia.

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4
votes
1answer
169 views

How frequently is the list of constituents that make up the S&P/ASX 300 updated?

How frequently is the list of constituents that make up the S&P/ASX 300 updated? Is it once a month on the 1st Monday of the month, or daily, etc?
5
votes
1answer
655 views

Safety of keeping savings in a mortgage account

I have a mortgage account and a separate (yet linked) savings account with a certain Australian bank. This bank draws a minimum mortgage repayment from the savings account into the mortgage account ...
1
vote
1answer
73 views

How can a single member SMSF be set up?

In a Self Managed Superannuation Fund (SMSF) each member has to be a trustee or a director of a corporate trustee and each trustee or director of a corporate trustee a member. However, a SMSF cannot ...
3
votes
1answer
122 views

Rewards credit card for large repeating purchases in Australia

I have no revolving credit card debt: I pay it off every month. I also have a significant throughput of charging/paying off, including a large repeating medical cost that will be at least $3000 every ...
1
vote
1answer
113 views

Can I claim a SuperAnnuation -loss- on my 2011-2012 Australian Tax Office tax return?

can i claim any super annuation -loss- in an Australia Tax Office (ATO) tax return? if so, what section please?
3
votes
2answers
275 views

Whom do I pay the rent to?

I live in a house owned 50/50 by a brother and sister. The sister has moved out so it's just myself and her brother and she has asked me to pay rent just to her and her brother to receive nothing as ...
0
votes
2answers
687 views

Is it possible to create a self-managed superannuation fund to act as a mortage offset? (Australia)

I have forced investments via Australia's mandatory superannuation scheme. The value of this is about half the value of the remaining mortgage debt on my own home. If I had access to this money, I ...
3
votes
1answer
411 views

What are Binary Options?

What are binary options, what can they be traded on and what is the process in trading them? Also, are there any brokers in Australia who offer binary options?
0
votes
1answer
71 views

Commencing a Pension from an SMSF

If I have bought a number of investment properties through my SMSF during the accumulation phase, which are all or mostly paid off with net positive income by the time I reach preservation age and ...
0
votes
1answer
115 views

Which reward/benefits card is the best value for money in Australia?

As per the question this is based off: Which card do you use and why? Some cards are similar but some not. This will also be affected by personal preference, so indicate why you chose a certain ...
20
votes
7answers
31k views

What is a good rental yield?

If you are thinking of buying a property for investment purposes, what is a good gross yield? I've been told you should take 3 zero's off the price of the property, so if a property is worth 400,000, ...
2
votes
1answer
315 views

Residence vs investment property in Australia?

I find the Australian property tax laws really confusing. If you live in a house that you own, then it is your residence. In which case, you cannot claim the interest as a tax deduction. However, you ...
6
votes
1answer
2k views

Transfer money from US (“prepaid”) VISA Debit to AU bank account

I have a Citi prepaid VISA Debit card (these kind of cards) that has been issued in the US. I live in Australia, and would like to move money off of the card into my bank account. For reference, the ...
3
votes
6answers
1k views

Can business in Australia charge a transaction fee for using a credit card?

Related to the question of whether a merchant can charge you more if you want to use a credit card, I'm wondering if this is a common practice in Australia (and if the question I just linked to is ...
6
votes
2answers
768 views

If banks offer a fixed rate lower than the variable rate, is that an indication interest rates may head down?

This is one of the major banks in Australia: http://www.anz.com/aus/RateFee/InterestRates/Rates.asp At present time, the variable rate is 7.80% but the fixed rate is 6.99% for one year. And it seems ...
4
votes
1answer
193 views

Should I put things like Family Payments, Interest on savings .. everything .. under my wife's name for Australian taxation reasons?

so it's tax time again. My wife and I aren't sure who's name/names we should be putting any of our incomes into for Australian Taxation reasons. To keep this simple, I'll use some fake numbers to ...
3
votes
3answers
148 views

Should the price of fuel in Australia at this point be so high?

Checking the government websites (Australia) regarding the fuel prices and what influences them: International benchmark prices Taxes Other costs and margins Additionally there is this strange ...
6
votes
4answers
341 views

Is the average wage a reliable measure for how much the average person earns?

This web site (http://www.livingin-australia.com/salaries-australia/) claims that the average australian wage is 68k per year. I've had a look at some other resources too and they all seem to use this ...
3
votes
1answer
1k views

Tax obligations on foreign term deposits

I have dual U.S./Australian citizenship and reside permanently in U.S. I am expecting an inheritance from a relative's estate in Australia. If I open an account with an Australian bank and invest in ...
2
votes
2answers
196 views

Which international credit card would fit my requirements?

I am currently looking at getting a credit card for myself. However, as per this question, I would like to get a credit card from an international bank / credit provider so that when I move countries ...
1
vote
1answer
130 views

Will bonds (including international bonds) be able to offer more than 7% annual return?

I am presently getting a 6% return on my savings in a high-interest account, calculated daily, paid monthly. I regard stocks as too risky for my 4 year savings plan but am interested in bonds as they ...
1
vote
3answers
550 views

What implications does having the highest household debt to disposable income ratio have on Australia?

I hear that Australia has the highest household debt to disposable income ratio in the world. What does that mean? What implication does that have for the economy, for the stock market and for the ...
4
votes
1answer
414 views

Could someone please provide an example of a portfolio similiar to the GFP or Couch potato, but for Australia?

So I've been reading about MPT and came across the GFP and couch potato sites posted in this link, in any-experience-with-the-gone-fishin-portfolio and wanted to know of anything similiar to the GFP ...
7
votes
2answers
1k views

In the U.S., what is the easiest way to buy Australian government bonds?

The NY Times says: He cited the example of buying a one-year Australian government bond, yielding 5.25 percent. He said he believed that the American dollar was going to lose value and the ...
5
votes
4answers
234 views

Is the Australian property market currently (late 2010) in a bubble?

I've been told that the Australian property market is more than 45% over valued, I've also heard arguments that there are justifications for this such as: increased rate of immigration, shortage of ...
5
votes
3answers
3k views

If I go to a seminar held overseas, may I claim my flights on my tax return?

i am an IT contractor and I would like to go to a seminar overseas. I'm paying for this by myself, however, I believe it is related to what I do and could be classed as an educational expense. The ...
2
votes
2answers
124 views

Should you check to make sure your employer is paying you the correct superannuation amount? [Australia]

Most people just assume their super is correct and is put in and I bet most people don't even check, but how do you really know if it's being paid? Is there heaps of checks and balances that ...
3
votes
3answers
302 views

What actions can I take against a bank for lack of customer service?

I currently have a mortgage with a bank. Two months ago, they had an offer to fix our home loan interest rate for a year. We accepted this offer, we signed a document and they signed it too. In ...
5
votes
2answers
164 views

Working abroad in Australia, what is involved financially and administratively?

I've always dreamed of making it down to Australia to work, intentionally for the long term but would probably go for 1 year as a "trial" (or at least force myself to go that long) What would the ...
3
votes
3answers
314 views

When the Reserve Bank determines the interest rates, do they take the house prices into account?

My knowledge of how interest rates work (please correct me if I'm wrong) is that it is set by the Central Bank of a country. They're supposed to be apolitical and independent and their decision ...
3
votes
1answer
75 views

Source for information about Australia and U.S. real estate market rent-to-price ratios?

Would like to make a comparison between the two markets, in particular during the global financial crisis.