Message from CEO

Dear JV Partners,

Just a short note from me this month, as it’s no doubt been a busy period for you as much as it has been for us.

Firstly, to our Victorian JV Partners, we hope that you, like us, are feeling optimistic as Victorian restrictions start to lift and we enjoy a bit more activity.

In terms of progress that we have made this month in Wealth Management, we have been pleased to announce the appointment of Marcus Bogdan to Prime’s Investment Committee, a great addition of an Australian Equities Specialist and 25 year industry veteran with an impeccable track record of portfolio performance (please click here for more details on Marcus’ appointment).

Since Marcus’ appointment, we hosted a webinar with clients and other attendees on Wednesday 28 October to introduce Marcus and provide an Australian Equities and Market Update, to access this recording please click here. Importantly, in this session we talked to clients about our increasingly optimistic view of the future (‘Cautiously Optimistic’) and the changes that we have been making to the Australian Equities Portfolio (SMA) that will also flow through progressively for Direct Clients from 1 November. We believe these changes will improve performance whilst remaining consistent with our core philosophy and focus on the ASX 200.

On another front, we were also pleased to release our Wholesale Investor Newsletter which featured some more unique investment alternatives for Higher Net Worth Clients and Family Groups, if you would like to customise this Newsletter (please click here to view) for your client base please just let us know and we would be happy to assist.

All the best, Simon.  

WEALTH MANAGEMENT – ADVICE, CLIENT SERVICE & EXPERIENCE

Corporate Actions & Updates

As part of keeping you up to date on the communications that we are discussing with clients, please click below for the most recent notes we sent out.

2020.10.07
2020/21 Federal Budget Summary

2020.10.19
Investment Committee Appointment

2020.10.21
Wholesale Investor Update

WEALTH MANAGEMENT – ADVICE, CLIENT SERVICE & EXPERIENCE

Investment Bonds

Do you have clients that have either reached the $1.6million pension cap or are past the age of being able to contribute to super? Has a discussion about Investment Bonds been held?
Read more

EVENTS –
WEALTH FORUM RECORDING 

Australian Equities Portfolio Discussion

Marcus Bogdan (Prime’s Australian Equities Specialist) discussed through Prime’s approach to the positioning of Australian equities portfolios in the current market context.
WATCH NOW

EVENTS –
BUSINESS OWNERS STRATEGY FORUM RECORDING

2020 Federal Budget

Matt Murphy (Managing Director – Prime Accounting & Business Advisory) and Matthew Smith (Partner) discussed the Federal Government changes and what they mean for businesses. Topics include: the JobMaker Hiring Credit, tax relief measures & incentive programs and more.
WATCH NOW

SMSF

Why you should establish every SMSF with a corporate trustee

Whilst establishing an SMSF with individuals acting as trustees may save a few dollars in the short term, the benefits of registering a corporate trustee for any new SMSF can far outweigh the short term savings.
READ MORE

ACCOUNTING SUPPORT

R&D and EMDG Updates

R&D Tax Incentive

R&D tax incentive applications for the previous tax year ended 30 June 2020 can now be lodged with AusIndustry.

Accessing the government’s 43.5% R&D tax incentive cash rebate could provide a vital form of funding to assist your business get past the current COVID-19 situation.

Prime can also provide introductions to R&D financiers that may lend up to 80% of your expected R&D rebate from the previous 2020 tax year.  There is also an opportunity to lend against your R&D rebate that is being accrued for the current year ended 2021.

The recent Federal Government budget announcements confirmed that the R&D refundable tax offset will stay at 43.5% for the foreseeable future for companies with aggregated annual revenue of less than $20million.

Export Market Development Grant (EMDG)

EMDG applications for the previous financial year ended 30 June 2020 can be now lodged with Austrade.

This grant provides exporters with an annual reimbursement of up to $150k – based on 50% of their eligible promotional expenses. There are several expense categories including online advertising, appointment of overseas reps and securing overseas patents and trademarks.

As such there is still an ability to incur eligible expenditure without leaving Australia.

Austrade’s recently announced COVID-19 stimulus measure for the EMDG include:

  1. Removal of the requirement to generate export income from the businesses 3rd claim onwards.
  2. Increase in the first tranche payment to $100,000 (previously $40,000).

Note: The above measures are only planned to apply for this claim year.

The recent Federal Government budget announcements confirmed the governments intent to re-vamp to the EMDG scheme with a new system which is proposed to take affect from July 2021.  The new scheme will be based on an approved upfront grant programme. We will provide further details in due course as we get more information.

For any enquiries or support:

Melbourne team
Brendan Brown Simone Quin

Brisbane team
John Driscoll Sean Fincham

 


The information in this page contains general advice and is provided by Primestock Securities Ltd ABN 67 089 676 068, AFSL 239180 (‘Prime’). That advice has been prepared without taking your personal objectives, financial situation or needs into account. Before acting on this general advice, you should consider the appropriateness of it having regard to your personal objectives, financial situation and needs. You should obtain and read the Product Disclosure Statement (PDS) before making any decision to acquire any financial product referred to in this page. Please refer to the FSG (https://www.primefinancial.com.au/fsg) for contact information and information about remuneration and associations with product issuers. This information should not be relied upon as a substitute for professional advice, and we encourage you to seek specific advice from your professional adviser before making a decision on the matters discussed in this page. Information in this page is current at the date of this page, and we have no obligation to update or revise it as a result of any change in events, circumstances or conditions upon which it is based.