Key Discussion Points

Message from CEO

Dear JV Partners,

I hope the positive momentum in the economy and stock markets are bearing fruit for your clients and your firm.

As we discussed at the recent Wealth Management client webinar on Thursday 4 March (please click here to view) the half year earnings / reporting season was on the whole a positive. We feel the Australian equities portfolio is well positioned and expect to be active for clients over coming weeks as outlined during the presentation. This positivity combined with some more energy in residential property markets has the recovery gathering pace and a bit more of an upbeat air of confidence.

We continue to also see plenty of corporate activity for our business and growth minded clients that we are representing including for sale, strategic purchases / corporate development or capital raisings, so if you or your clients need support or simply a chat, please just give Tim, Roger, Peter B, Peter G or Rob in the Capital team a call.

My last comment would be around those higher net worth family office style clients and some of the wholesale investment opportunities Prime are seeing in the early stage and property (equity and debt) segments. Depending on the risk profile of clients and the family group and considerations around diversification we continue to broaden out our appeal / advice to clients in acknowledgement of our existing networks and relationships, so please do not hesitate to introduce us as you see fit.

All the best,
Simon.

WEALTH MANAGEMENT – ADVICE, CLIENT SERVICE & EXPERIENCE

Important Changes – BT Wrap is migrating

BT Wrap is migrating to a newer technology system called BT Panorama.

It has been designed to provide investors with an enhanced mobile and online experience. As a result, client accounts will be renamed to Panorama Investments along with a change in account details as well.

BT are processing this migration in tranches and while we haven’t been advised of the specific date, it will happen before June 2021 (could be as early as next month).

We will be communicating this change to clients next week and approx. 45 days prior to the transition, BT will also be sending Significant Event notices (SEN) to update clients on this change and highlighting the important things they need to know. Should you have any queries around specific clients, please contact your adviser.

To ensure that you will still have access to your client accounts and relevant data feeds, could you please arrange for the attached form to be completed for your Accounting Practice and returned to Sean Conlon via email at seanc@primefinancial.com.au

See Form

WEALTH MANAGEMENT – ADVICE, CLIENT SERVICE & EXPERIENCE

Avoiding the Super Inheritance Tax Trap

While death duties were abolished in Australia decades ago, a quasi-estate tax remains in the form of tax levied on the taxable component of a superannuation (super) death benefit paid to certain beneficiaries, particularly adult children. Click below to read more.
Read more

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.

2021.03.02
MAGELLAN – SELL ENTITLEMENTS at $1.73 limit

2021.02.17
DJERRIWARRH INVESTMENTS LIMITES (DJW) Share Purchase Plan – DO NOT SUBSCRIBE

2021.02.10
MAGELLAN PARTNERSHIP OFFER – SUBSCRIBE

PRIME SMA

Monthly Commentary

“The economic recovery is well under way and has been stronger than was earlier expected. The board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range. The board does not expect these conditions to be met until 2024 at the earliest.” Dr.Philip Lowe – RBA Governor

EVENTS – WEALTH FORUM RECORDING

Reporting Season Review & Portfolio Positioning Update

During our last Wealth Forum, Marcus Bogdan (Investment Committee member and Prime’s Australian Equities Specialist) discussed some of the key themes focusing reporting season and Prime’s core portfolio positioning post reporting season.

WATCH NOW

SMSF

Investing in Precious Metals

We’ve noticed many SMSF trustees are making the decision to invest in Precious Metals. We’re going to explain how to do it in a compliant manner. Click below to read more.
Read more

ACCOUNTING SUPPORT

Modern Manufacturing Initiative (MMI) Grant – Funding now available

The Modern Manufacturing Initiative is now open providing co-funding for manufacturing projects across 2 of the 3 targeted manufacturing streams: Manufacturing Integration Stream (MIS) & Manufacturing Translation Stream (MTS). Click below to read more.
Read more

ACCOUNTING SUPPORT

R&D and EMDG Updates

R&D Tax Incentive Program

R&D tax incentive applications for the tax year ended 30 June 2020 are due for lodgement with AusIndustry by 30 April 2021.

This is a use it or lose it deadline !

For companies that still haven’t lodged their annual claim this should be viewed as a priority in order to unlock valuable non-dilutive funding into their business that could assist with the disruption caused by the COVID-19 virus and transitioning out of Jobkeeper.

Prime are happy to talk to any clients that may not have claimed in the past and require an eligibility assessment.

Export Market Development Grant

Applications for expenditure incurred during the current financial year ended 30 June 2021 under the existing EMDG programme can be lodged with Austrade from 1 July 2021.

This long running grant provides exporters with an annual reimbursement of up to $150k – based on 50% of their eligible promotional expenses. We are still waiting for confirmation if the export earnings test will apply to applicants submitting their 3rd – 8th applications.

There are several expense categories including online advertising, appointment of overeas reps and securing overseas patents and trademarks.

Prime can assist clients navigate the existing EMDG programme and start planning and collating documentation to submit their final annual claim from 1 July 2021 to gain access to the available funding as soon as possible.

We are also waiting for final announcements regarding the operation of the new EMDG scheme that will apply for expenditure incurred after 1 July 2021 and will hopefully be able to advise details shortly.

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.

DOCUMENTS

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Key Discussion Points – Mar 2021