Accountancy news

• Elon Musk gets Twitter board seat, US stocks fall

  05-04-2022 23:42 via abc.net.au
  
  Billionaire Elon Musk is to join the board of Twitter after buying a 9.2 per cent stake in the company and, meanwhile, US stocks were sold off on fears of rapid interest rate rises by the Federal Reserve. 
  
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• Elon Musk gets Twitter board seat, ASX in the red

  05-04-2022 23:42 via abc.net.au
  
  Billionaire Elon Musk is to join the board of Twitter after buying a 9.2 per cent stake in the company and, meanwhile, Australian and US stocks were sold off on fears of rapid interest rate rises by the Federal Reserve. 
  
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• 'We need skilled workers now': Businesses, industry groups call for visa applications to be fast-tracked

  05-04-2022 22:51 via abc.net.au
  
  The federal government is promising that skilled migration will play a crucial role in alleviating extreme worker shortages, but industry groups and business owners remain frustrated, saying intake numbers and visa backlogs prove a lot more needs to be done.
  
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• Has enough been done to reinvigorate migration and alleviate worker shortages?

  05-04-2022 22:51 via abc.net.au
  
  The federal government is promising that skilled migration will play a crucial role in alleviating extreme worker shortages, but industry groups and business owners remain frustrated, saying intake numbers and visa backlogs prove a lot more needs to be done.
  
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• Red wine grapes left to rot as China trade dispute bites Sunraysia

  05-04-2022 22:26 via abc.net.au
  
  Uncontracted growers in Sunraysia are struggling to find wineries willing to take extra grapes, meaning hundreds of tonnes will be knocked onto the ground this year.
  
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• Live: NSW Now: Rain set to return as bus drivers prepare to strike

  05-04-2022 22:03 via abc.net.au
  
  MORNING BRIEFING: Commuters in Sydney face another day of disruption next week with bus drivers planning to walk off the job for 24 hours.
  
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• Did ASIC just kill the 'finfluencer'?

  05-04-2022 22:01 via abc.net.au
  
  Social media content creators known as "finfluencers" are hugely popular with young people, but they could end up in jail if they don't shut down.
  
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• Multi-billion-dollar army vehicle project faces cutbacks as problems emerge on related program

  05-04-2022 21:10 via abc.net.au
  
  The government is considering scaling back the number of Infantry Fighting Vehicles it is looking to build to pay for other initiatives.
  
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• Worried about what rising sea levels could mean for your property? Here's what you should know

  05-04-2022 21:00 via abc.net.au
  
  Buying a home involves a lot of research and checks — but when it comes to the effects of sea level rise, buyers have largely been left to go it alone.
  
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• Huge swells have once again battered beaches. Here's how to protect your house from damage

  05-04-2022 21:00 via abc.net.au
  
  Buying a home involves a lot of research and checks — but when it comes to the effects of sea level rise, buyers have largely been left to go it alone.
  
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• Taxpayers will see return on $56 million investment supporting unviable project, NT government insists

  05-04-2022 08:28 via abc.net.au
  
  The Northern Territory government insists taxpayers will see a return on a $56 million investment on remote roads supporting a massive prawn farm that is now in dire straits.
  
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• Muswellbrook bypass first promised 22 years ago now 'locked in' for $260m, Barnaby Joyce says

  05-04-2022 07:25 via abc.net.au
  
  A bypass to divert New England Highway traffic, including thousands of freight trucks per day, away from the heart of Muswellbrook is promised to see the light of day by 2027.
  
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• Bypass first promised 22 years ago now 'locked in' for $260m, Barnaby Joyce says

  05-04-2022 07:25 via abc.net.au
  
  A local who's been waiting to see a sod turned for more than two decades is not entirely convinced by the announcement.
  
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• Reserve Bank holds interest rates for now but home owners brace for mortgage shock

  05-04-2022 06:32 via abc.net.au
  
  The Reserve Bank leaves the official cash rate on hold near zero, but borrowers are already bracing for what life may look like with higher mortgage interest rates.
  
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• Interest rates rises are on hold for now, but home owners like Sophie and Trent are bracing for mortgage shock

  05-04-2022 06:32 via abc.net.au
  
  The Reserve Bank leaves the official cash rate on hold near zero, but borrowers are already bracing for what life may look like with higher mortgage interest rates.
  
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• 'We're not going to give up': Traditional owners to keep fighting against urea plant near Pilbara rock art

  05-04-2022 05:24 via abc.net.au
  
  An application to halt construction of a multi-billion-dollar urea plant near ancient rock art in WA's Pilbara region is rejected by the federal government, despite its location near the world's largest collection of ancient rock art and a promise from traditional custodians to keep fighting. 
  
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• Concert promoter sues over cancelled Robbie Williams gig at 2020 Australian Grand Prix

  05-04-2022 03:59 via abc.net.au
  
  The Australian Grand Prix was cancelled in 2020 just hours before the first practice session was due to start because of fears over the COVID-19 pandemic.
  
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• Labor underestimated coal and cattle country last election, but this time it says it's listening

  05-04-2022 02:55 via abc.net.au
  
  A candidate in a "classic marginal seat" in central Queensland says coal is the word, but his opponent doubts voters will buy it.
  
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• Revisiting cash out re-contribution strategies

  05-04-2022 02:28
  Revisiting cash out re-contribution strategies The recent changes introduced to superannuation contribution rules provide increased opportunities for cash out recontribution strategies. While the strategy aims to increase the tax-free portion of superannuation interest, there are important issues for financial advisers to consider. This article provides a summary of: 
   
  The cash out re-contribution strategy;
  Potential benefits; and
  Important points to consider before recommending the s
  
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• ASX trims gains on looming rate rise, oil prices climb again

  05-04-2022 01:15 via abc.net.au
  
  The Australian share market trims earlier gains in late trade, as traders interpret the latest Reserve Bank minutes as a clue a rate rise is imminent.
  
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• ASX set for gains as Elon Musk's stake in Twitter boosts US tech stock rally

  05-04-2022 01:15 via abc.net.au
  
  The Australian share market is set for a positive start to trade, after US tech stocks surge on news that Elon Musk has taken a big stake in Twitter.
  
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• ASX gains as Elon Musk's stake in Twitter boosts US tech stocks, oil starts climbing again

  05-04-2022 01:15 via abc.net.au
  
  The Australian share market trades higher as tech stocks are boosted by Elon Musk's investment in Twitter, while rising oil prices drive gains for energy companies.
  
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• ASX extends gains on Musk's Twitter tech boost and rising oil prices

  05-04-2022 01:15 via abc.net.au
  
  The Australian share market trades higher as tech stocks are boosted by Elon Musk's investment in Twitter, while rising oil prices drive gains for energy companies.
  
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• Optus resolves 'major outage' that left customers unable to make and receive phone calls

  05-04-2022 01:09 via abc.net.au
  
  Some customers of the country's second-largest telecommunications company had limited service for about five hours.
  
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• Optus customers unable to make and receive phone calls in 'major outage'

  05-04-2022 01:09 via abc.net.au
  
  Customers of Australia's second largest telecommunications company have been hit by a mass outage meaning many cannot make phone calls.
  
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