The rise of China as a global economic powerhouse has been well documented. Perhaps less well known has been the emergence of China’s currency, the Renminbi (RMB), as one of the world’s truly global currencies. Use of the Renminbi was limited even ten years ago. In 2009, China launched a pilot program for cross-border settlement...

This publication presents illustrative general purpose annual financial statements (GPFS) for a fictitious managed investment scheme, VALUE ACCOUNTS Unit Trust, and a fictitious pooled superannuation trust, VALUE ACCOUNTS Pooled Superannuation Trust. The financial statements comply with the Corporations Act 2001 and other authoritative pronouncements on issue at 15 January 2016 that will be operative for...

A new PwC global report has found that harnessing the power of an older workforce could deliver gains of up to $78 billion for the Australian economy. The report finds that if Australia’s employment rates for older workers aged 55+ was increased to those in Sweden (74% of those aged 55-64 employed), Australia’s GDP could...

Key findings: 2015 saw the first collective net loss in the Top 40’s history (US$27B) Market capitalisation is down 37% negating all gains from the commodity super-cycle High debt sees some miners fighting for survival through asset fire sales Focus on costs continues, but so do economic headwinds 2015 was a race to the bottom...

Prime Minister Malcolm Turnbull is fond of declaring “there has never been a more exciting time to be an Australian”. Federal Treasurer Scott Morrison has followed suit with his own superlative, challenging that the 2016-17 budget cannot be “just another budget, because these are extraordinary times.” So, does the 2016-17 Budget live up to the...