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A Danish bank is offering mortgages at a 0.5% negative interest rate — meaning it is basically paying people to borrow money

A bank in Denmark is offering borrowers mortgages at a negative interest rate, effectively paying its customers to borrow money for a house purchase. Jyske Bank, Denmark’s third-largest bank, said this week that customers would now be able to take out a 10-year fixed-rate mortgage with an interest rate of -0.5%, meaning customers will pay…

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The 2019 Federal Budget Explained

Last night the incumbent Liberal government handed down the 2019 Federal Budget. We have reviewed the document and provide below the highlights that will affect our client base the most for your review. The Government predicts a return to surplus of $7.1 billion (or 0.4% of GDP) in 2020 – the first surplus in 12…

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5 Things You May Not Know About Equipment Finance

When it comes to getting finance for your new business vehicle/equipment there are so many different options and things to consider. Here are some of the things you may not know and may help you with your next car purchase. 1. Shop around for your car and your finance: Most of you would have seen…

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Do You Have A Business Protection Plan?

Having a business plan is about taking on risk for future success. Business owners take on risk by leaving steady employment, using their own capital and taking out debt to create a future income stream that will far exceed what can be earned by working for someone else. Business Initiatives recognises this, and we value…

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Important taxation information

From 1 July, a 10% non-final withholding tax will apply to all Australian real property sales with a market value of $2 million or above, unless a clearance certificate is obtained. Selling property with a market value of $2 million or above: Australian residents – need to obtain a clearance certificate from the ATO, and provide…

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A message from Matthew White, Director, Business Initiatives.

Another financial year comes to a close. 2016……I remember the millennium like it was yesterday (that’s a little scary)! The outcome of the Federal Election on Saturday will hopefully end the uncertainty many of our clients have reported in respect of the proposed Budget changes. These changes (if passed) particularly effect middle income earners, small…

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