Message from CEO

Dear JV Partners,

So here we are, the run-up to the festive season which I am sure everyone is looking forward to after such an unbelievably different year, with so many challenges and distress but also hope for a brighter future.

Stock markets have run hard in anticipation of that future, at the start of November the ASX200 is + 10%, talk of Residential Property market declines have fallen by the wayside with an increasing number of economists forecasting property price growth over the next 12 months, stimulated by increased confidence and historically low debt. There have also recently been multiple announcements on COVID-19 vaccine progress all whilst the US election result seems settled.

Hopefully we are in for a calmer 12 months and the ability to spend more time with family and friends whilst working on our personal and business aspirations.

In terms of activity, it will be a busy 4 weeks for the Prime Team, there will be multiple recommendations for clients direct equities portfolio’s to reflect the changes we have made to the Australian Equities Growth SMA. We also have a wholesale property opportunity that will quickly fill and a couple of Hybrid / Capital Note Issues that our clients will participate in.

Thanks to those of you who have decided to circulate the Wholesale Investment Newsletter to clients of yours, we have already seen great engagement which we only see increasing.

So, as we turn this corner into the home straight, on behalf of the whole Prime Team, thank you for your support and we sincerely hope and wish the best for you, your family, colleagues and clients for the safest and most enjoyable festive season.

All the very best from myself and the team,


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 note we sent out.

Repositioning the Prime Australian Equity Growth Separately Managed Account (SMA)


Thank you

With the festive season approaching, we wanted to inform you that our office will be closed from Monday, 21 December 2020 and returning on Wednesday 6th January, 2021.

During this time, our Client Services Team will still be available to assist you and your clients and can be contacted on 1800 064 959 or via email at (excluding public holidays)

Sending our warmest thoughts and best wishes for a wonderful festive season.

Thank you for your continued support and partnership. We look forward to working with you in 2021.


Australian Equities Portfolio Discussion

During our last Wealth Forum, Marcus Bogdan (Prime’s Australian Equities Specialist) discussed Prime’s approach to the positioning of Australian equities portfolios in the current market context. If you would like to revisit the session please click here.

Click below to also join our next forum, which will be our last session for 2020. Marcus will be presenting on the Equities market rebound, valuations , Prime’s core portfolio holdings and we will conclude with a Q&A session.


Legal Secrets for Business Owners

Matt Murphy (Managing Director – Prime Accounting & Business Advisory) and Brendan Swift (Principal – Altus Lawyers) discussed how to navigate through legal documents in simpler ways, how to “think like a lawyer” – looking at business decisions from a legal standpoint and more.


SMSF Q&A: Ask Olivia

Olivia Long (Prime’s Managing Director – SMSF) discuss accessing super prior to the preservation age, converting your SMSF to a corporate trustee & more. Click below to have a listen.
Listen to Q&A


2020/21 Victorian budget summary for business

Premier Daniel Andrews and Treasurer Tim Pallas released a very big spending budget in an attempt to restart the Victorian economy. Click below to read more.
Read more


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.

As part of the recent Victorian state government budget announcement –  $50million has been committed to provide low interest loans to R&D claimants to assist with their cashflow.  Further details will be provided in course.

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.  This legislation has now been passed by parliament.

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 and the legislation is passed.

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 ( 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.