The PRWIRE Press Releases https:// 2018-12-17T02:54:09Z REGIONAL AUSTRALIA BANK PARTNERS WITH BASIQ TO SPEED UP APPLICATIONS 2018-12-17T02:54:09Z regional-australia-bank-partners-with-basiq-to-speed-up-applications REGIONAL AUSTRALIA BANK PARTNERS WITH BASIQ TO SPEED UP APPLICATIONS AND ACCESS BETTER DATA FOR RESPONSIBLE LENDING Regional Australia Bank have partnered with Basiq to provide input into a newly released Affordability Report, a new innovative new tool for their home lending specialists and customers. Rather than spending time requesting pay slips, credit card and bank statements the lender can spend more time where it matters most, understanding the needs of the customer and developing a relationship with the customer based on transparency and trust. This is great news for customers as they will no longer have to gather income and expense information and send it to the lenders or try to recall private financial information over the phone. Automated income and expense verification means hours are saved during the home loan process and a much more seamless loan application experience for customers. According to the Australia Financial Review, Banks have traditionally used the ‘Household Expenditure Measure’ (HEM) as a default measure of spending. In fact, according to financial data provided by UBS, 70-80 percent of all 2017 home loans in Australia use the HEM benchmark instead of declared or verified expense analysis. Rather than using the HEM benchmark, Regional Australia Bank home lending specialists can now use actual amounts for living expenses based on real bank transaction data. They use this information to help establish immediate trust and transparency with the customer. Given that a customer’s income and expenses will be appropriately categorised, it means that they don’t have to ask personal questions that can’t easily be answered. The collaboration puts Regional Australia Bank in the unique position to take advantage of Basiq’s Open Banking platform when the Banking API’s become publicly available. They are already taking advantage of bank transaction data and in the future, they will be able to provide a better customer experience and make better and more responsible decisions by using aggregated information across all their customers’ bank accounts. Media Contact: Airlie Horton C7EVEN Communications, 02 6766 4513 Editor’s Note: It is requested that Regional Australia Bank is not shorted to an acronym and always referred to in full as Regional Australia Bank Active management best way to 'limit downside' - top small cap performer 2018-11-27T22:22:00Z active-management-best-way-to-limit-downside-top-small-cap-performer Active management’s virtues have become more apparent as markets have drifted lower, according to a leading small caps fund manager, who says ‘managing the downside’ is limited in passive investments and often underestimated in overall performance. Richard Ivers, portfolio manager at boutique Prime Value Asset Management, says avoiding the big losers is just as influential as picking big winners when selecting stocks. “It’s seductive to put too much focus on selecting big winners, but avoiding poor performers is often more influential on returns. “It’s that old rule – if you lose 50 per cent of your capital, you then need a 100 per cent return just to get back to where you were." He said the latest market falls are a good reminder to investors that active investing strategies can add value. “The case for active management strengthens during tough market conditions. There always needs to be a good balance between managing the downside and identifying good buying opportunities. “Passive strategies look good when markets are stable and rising, but can be exposed during corrections with a long-lasting impact on performance.” Mr Ivers manages the small/micro cap Prime Value Emerging Opportunities Fund – since joining Prime Value just six months ago his fund has beaten its index (Emerging Companies Accumulation) by 20% during a challenging time on the markets. During this period the Fund has delivered a +6.6% return, after all fees, compared with the Emerging Companies Accumulation Index of -13.4%, putting it at the top of its peer group. Since inception in October 2015, the Prime Value Emerging Opportunities Fund has returned 11.3% per annum to investors. Mr Ivers said employing a ‘growth at a reasonable price’ (GARP) strategy explained the Fund’s performance. “Stock picking has been the driver with a strong emphasis on managing risk. We’ve avoided major blow-ups and invested in reasonably priced companies so we’ve weathered the recent sell-down very well. The largest single holding at any point has been 6% and we have avoided some of the riskier sectors such as mining stocks.” “We have backed ourselves by taking largest positions quickly when opportunities arose, and expect more buying opportunities as the market continues to stutter.” The Prime Value Emerging Opportunities Fund is currently open to retail investors. Boutique manager Prime Value Asset Management is part of an investment group including Shakespeare Property Group, managing more than $1.5 billion across equities, cash plus, direct property and agriculture investment. InstaReM secures over $20 million in first close of Series C Funding round 2018-11-22T04:39:43Z instarem-secures-over-20-million-in-first-close-of-series-c-funding-round InstaReM, one of the fastest-growing cross-border payments companies in Asia-Pacific, with origins in Australia, has announced the first close of its US$45 million Series C round, at over US$20 million. The first close is led by high profile new investors MDI ventures (the venture capital arm of Telkom) and Beacon Venture Capital (the venture capital arm of KASIKORNBANK). InstaReM’s Series C round (to be completed in January 2019) will be used to drive growth in new markets, and to support the launch of a new consumer and enterprise product in 2019. The Australian market accounts for over 25% of InstaReM's current users SYDNEY, 22 NOVEMBER 2018: InstaReM, one of Australia’s fastest-growing digital cross-border payments companies with growing presence in Asia-Pacific, Europe and U.S., has announced the first close of its Series C funding round. The spectacular growth of the company, which started its operations in 2015 with Australia-to-India corridor, has secured a first close of more than US$20 million, led by new investors MDI Ventures (the VC arm of Indonesia’s Telkom) and Beacon Venture Capital (the VC arm of Thailand’s KASIKORNBANK) and supported by existing investors Vertex Ventures, GSR Ventures Rocket Internet and SBI-FMO Fund. The Series C round of US$45 million, which takes the remittance fintech’s overall funding to US$63.5 million, is expected to close by January 2019, ahead of its expected IPO in 2021. The Series C round will accelerate growth in InstaReM’s existing markets and enable it to enter new markets in Japan and Indonesia, where the company expects to receive licenses by the end of the year. This round will also enable InstaReM to launch a new consumer and enterprise product in 2019 for which the company has aggressive plans. InstaReM's next-generation payments platform leverages the latest technology to help its individual and enterprise customers send money to their destinations quicker and at a lower cost than its competitors. Having started its operations from Australia in August 2015, today InstaReM is the only digital cross-border payment company from Asia-Pacific which covers 40+ countries. With regulatory licenses and approvals in Singapore, Australia, India, Europe, United States, Hong Kong, Canada and Malaysia, and its extensive global banking partnerships, InstaReM is able to reach to over 3.21 billion consumer and business customers across 55+ countries worldwide. InstaReM already powers payments for three of the top ten Southeast Asian Banks. Prajit Nanu, Co-founder & CEO of InstaReM said: "The promise we've made to our customers, from day one, is that we'll always be transparent, and we'll forever give them the best value we can to help them do more with their money. No matter where they are in the world, and no matter if they're a business or an individual sending money overseas, it's been our mission to be their champion. That's why we were one of the first Asian remittance providers to move outside of Asia, and that's another reason why we've been able to secure this historic round of funding. In less than 4 years, we have become the payment backbone for emerging markets for banks and other global financial institutions." Nicko Widjaja, CEO of MDI Ventures said: "We see that InstaReM has strong capability to enable cross-border payment and remittance between Indonesia and its international partners. By providing the lowest exchange rates among competing services, InstaReM provides significant value to both local and foreign migrant workers looking to transfer funds to their home countries and to local businesses looking to conduct trade with international parties with the hope that they can boost/stimulate international trade exports. With Indonesia's fintech sector experiencing peak levels of growth, we believe that it is the ideal time for fintech companies, such as InstaReM, to focus on expansion throughout the country. As part of our thesis at MDI Ventures, we are keen to support InstaReM with their expansion in Indonesia and ASEAN through strategic partnership with various Telkom business units around the region." Thanapong Na Ranong, Managing Director of Beacon Venture Capital (Beacon VC), added: "We have been following InstaReM for some time, and are impressed with the way the company has been expanding globally, and scaling up its operations. As KASIKORNBANK becomes the digital bank of choice for customers, we have a strong commitment to working closely with category leaders in each sector and constantly improving our customer experience." A Finalist at the FinTech Australia 2018 Finnie Awards, InstaReM has recently received the Blockchain Innovator Award from the enterprise blockchain leader Ripple for its innovations in the payments space. Keating's 'longevity levy' an unnecessary impost on the young when seniors already have wealth in family home 2018-11-12T23:13:31Z keating-s-longevity-levy-an-unnecessary-impost-on-the-young-when-seniors-already-have-wealth-in-family-home A ‘longevity levy’ as proposed by former prime minister Paul Keating would be an unnecessary impost on the young given many senior Australians are already sitting on significant housing wealth, according to Peter Szabo, founder and managing director of Homesafe Solutions. Mr. Keating recently made headlines suggesting an insurance scheme funded via a ‘longevity levy’ of 2-3 per cent of wages, to provide income for people aged 80-100 who have outlived their savings. Mr. Keating says saving 9.5% of wages from age 25 to 65 cannot realistically be expected to provide an adequate income until age 90.  Mr Szabo agrees this will become ever more important as longevity continues to improve, but says there is already an answer to funding this improved longevity – the family home. “Longevity insurance already exists for many senior Australians in the form of the family home.” Mr Szabo said while there are affordability challenges in home ownership for younger generations today, current and ‘soon to be’ retirees enjoy high rates of home ownership. “It would not be equitable to require younger generations to pay a levy to fund incomes for generations enjoying high rates of home ownership, when there is an obvious alternative – expecting home-owning retirees to use some of their housing wealth to fund retirement.” For many senior Australians who may have exhausted superannuation and other savings, the home is their main or only asset. “Perhaps it would make sense for retirees to first draw down on their superannuation but as this runs out, rather than turning to an insurance scheme funded by an impost on working Australians, senior Australians can turn to their home equity to fund the next stage of their retirement.  “Both assets were built up gradually, and it should also be possible to draw each of them down gradually.  Home equity could also be drawn down to augment superannuation and ensure it does not run out.” Mr Szabo said home equity release has not been viewed in Australia as a mainstream way of funding retirement, but this will have to change with improvements in longevity. “There needs to be more discussion around the different ways seniors might access this wealth.  “Surely utilising home equity will be preferable to another impost such as a longevity levy on working Australians.”  Regional Australia Bank in merger talks with Holiday Coast Credit Union 2018-11-06T21:51:11Z regional-australia-bank-in-merger-talks-with-holiday-coast-credit-union The Directors of Regional Australia Bank and Holiday Coast Credit Union are pleased to announce the commencement of merger discussions. Regional Australia Bank’s Chairman Graham Olrich said that, “from our initial discussions with Holiday Coast Credit Union, it became very apparent that we share strategic alignment and a passion for member service - an essential ingredient in any successful merger.” The combined entity will have an asset size of over $2bn, focused on delivering immediate tangible financial and non-financial benefits to its members. With greater product diversification, simplified fee structures and competitive pricing, members will enjoy an even greater, sustainable, customer owned banking experience. Due diligence will now commence and once approval is received from both the Australian Prudential Regulatory Authority (APRA) and respective owner/members, a formal merger of the two organisations is anticipated to be completed by 30 June, 2019. It is proposed that the merged organisation will continue to operate both Regional Australia Bank and Holiday Coast brands in their respective locations. Contact: Graham Olrich, Chairman Regional Australia Bank, 0418 871 160 Kevin Dupe, CEO Regional Australia Bank, 0421 047 333 / 02 6776 0437 Editor’s Note: It is requested that Regional Australia Bank is not shorted to an acronym and always referred to in full as Regional Australia Bank Invictus and Fashion in the mix for The Business of Events 2018-10-17T01:11:08Z invictus-and-fashion-in-the-mix-for-the-business-of-events Invictus Games, Mercedes-Benz Fashion Week Australia (MBFWA), and the Australian Grand Prix will share the secrets to their success at The Business of Events to be held in Sydney next year. Professional advice about the return on investment using demonstrated business solutions, will be shared by an impressive range of successful and experienced strategy and planning experts when they come together at this in augural event. Among the high calibre speakers will be Executive Director, IMG Fashion Asia Pacific, Natalie Xenita who will reveal the strategy and role MBFWA plays, fuelling the multi-billion-dollar fashion industry. “Fashion is a powerhouse industry that drives annual retail sales of over $9 billion and employs some 77,000 people in New South Wales alone. There is much to share from our approach and I look forward to presenting our story at The Business of Events,” Ms. Xenita said. “MBFWA’s successful growth strategy has helped boost commercial significance of the fashion industry, aiding both national and local economies, and extending audience reach beyond the event. What’s more, all stakeholders enjoy a strong return on investment.” Ms. Xenita said over 23 years, MBFWA has emerged as the preeminent fashion event in Asia-Pacific – but success didn’t happen overnight. “After heavy investment by IMG to elevate the overall experience, from sponsorship activations to designer selection and global audience engagement, I’m proud to share our model of success at The Business of Events.” Conference organiser Gary Daly, Managing Director, Exhibitions & Trade Fairs, said harnessing how Australia’s biggest and best events are successfully managed by the specialists who drive business growth, from planning through to execution, will be the cornerstone of The Business of Events. “Key solutions will be on offer from the experts who sit in the hot seats of Australian’s most recognised events,” Mr Daly said. “Global attention from the business world will be on Sydney, as the Invictus Games kick off this week. This is the result of a significant amount of high-level business planning and execution. The Business of Events, will be where the Invictus Games CEO, Patrick Kidd, can share his learnings from the success of the games from a global and local perspective.” The inaugural conference, The Business of Events, will take place in Sydney on 7-8 February 2019, will host in-depth discussions around the theme, Powering Growth, exploring how to identify new business, increasing the bottom line, the future of major events and how to ensure business growth. Keynotes, plenaries and flexible break-out sessions will allow delegates to create a bespoke conference experience to maximise their investment. Speakers, strategically invited from key sectors, will provide diverse, forward-thinking insights in a unique two-day program. Alongside international keynote, Laura Schwartz, former White House Director of Events, high-calibre confirmed speakers include: Natalie Xenita, Executive Director, IMG Fashion Asia Pacific Patrick Kidd, CEO Invictus Games, Sydney 2018 Penny Lion, Executive General Manager of Events, Tourism Australia Andrew Westacott, CEO, Australian Grand Prix Terese Casu, CEO, Sydney Gay and Lesbian Mardi Gras Helen Sawczak, National CEO, Australia China Business Council Damien Hodgkinson, Executive Director, Melbourne Comedy Festival Senior event professionals will have unparalleled access to industry leaders from which to learn about event safety and architecture, sales growth, governance, future business and professional development. Conference organiser, Gary Daly, Managing Director, Exhibitions & Trade Fairs, said speakers will share some insightful key learnings including the market potential for Australia and opportunities for Australian businesses, what we can learn from our international counterparts. He said the optimum learning platforms will offer participants invaluable opportunities to upskill and power growth. “These speakers contribute to the Australian economy through major events and operate in international markets with different policies and jurisdictions, so they know what issues you can face in the international marketplace,” Mr Daly said. The Business of Events will share how to take advantage of Australia’s position within the global marketplace, how to capitalise on an aggressive event strategy and how to power growth.” To purchase tickets, visit www.thebusinessofevents.com.au. The Business of Events will be held at Sheraton on the Park, Sydney, on 7-8 February 2019. Images: 1. Natalie Xenita, Executive Director, IMG Fashion Asia Pacific About Exhibitions and Trade Fairs Exhibitions and Trade Fairs (ETF) is a full-service event organiser with over 35 years’ experience across a diverse range of industries including renewable energy, automotive, business events, construction, oil and gas, entertainment technology, irrigation, manufacturing, travel and lifestyle. They have a long history of working collaboratively with organisations to produce innovative conferences and exhibitions to support their business objectives. They have become a trusted provider in their ability to contribute to organisations and the value of their events. They have offices in Sydney and Melbourne, however their teams are on the ground wherever the event is being planned, sold, marketed and delivered. They deliver conferences around the world. ETF’s motto is Experience, Expertise, Enthusiasm which reflects their approach to managing events and developing the relationships which underpin them. -ENDS- Homesafe shortlisted for Customer Service Experience of the Year at the Optus My Business Awards 2018-10-15T23:52:51Z homesafe-shortlisted-for-customer-service-experience-of-the-year-at-the-optus-my-business-awards Homesafe Solutions Pty Ltd is in the running to take out one of Australia’s longest-standing business awards, having been shortlisted as a finalist in the Customer Service Experience of the Year category at the 2018 Optus My Business Awards, the premier event of the year for SMEs. Founded in 2005, Homesafe offers a debt free equity release solution to over 60s in Sydney and Melbourne, assisting homeowners in maintaining their lifestyle in retirement without going into debt. Dianne Shepherd, Chief Operating Officer and General Manager at Homesafe Solutions Pty Ltd, said customer service is integral to the company’s solution and corporate culture. “Our greatest achievement is building a team of dedicated professionals and developing a strong company culture around delivering exceptional customer service, which has been able to flourish as Homesafe has grown. “Helping over 60s to stay in the home they love is something we are extremely passionate about. We pride ourselves on providing old-fashioned, one-on-one service, which is supported by our ‘needs based’ approach.” The Optus My Business Awards covers 28 categories, acknowledges best practice within industry sectors, as well as individual business leaders, excellence in customer service and achievements in innovation, corporate social responsibility and workplace culture. Winners from company-related categories will be shortlisted for the highly coveted Business of the Year Award. Adam Zuchetti, editor of My Business, said it is another big year for Australia’s longest-running SME awards program, with a record number of submissions this 2018. “Small and medium-sized businesses are undeniably the backbone of our nation’s economy, as well as the heart of our local communities. It is wonderful to be able to recognise them on their achievements in service delivery, product innovation, workplace excellence and commitment to sustainability.” “Every year, both the number and the quality of submissions we receive for the Optus My Business Awards gets better, making it an ever-more impressive feat for those stand-out businesses who are named finalists. Our judges really have their work cut out for them in trying to select this year’s winners!” He added: “On behalf of the entire My Business team and our long-time partner Optus, I want to congratulate all of our finalists on this stellar achievement and wish them the very best of luck for the main event.” The winners will be announced at a black-tie awards dinner on Friday, 9 November at The Star, Sydney. Visit www.homesafe.com.au  Customer satisfaction high at Regional Australia Bank 2018-10-15T23:32:16Z customer-satisfaction-high-at-regional-australia-bank 16 October 2018 IT’S OFFICIAL. REGIONAL AUSTRALIA BANK CUSTOMERS ARE SOME OF THE MOST SATISFIED IN AUSTRALIA. A recent member survey conducted by Roy Morgan has confirmed that Regional Australia Bank has some of the most satisfied members in Australia, with the bank achieving an incredible 92% customer-satisfaction rating. Not only that, but 91% of the Bank’s customers agreed that Regional Australia Bank makes banking easy. That’s up 2% from last year. Regional Australia Bank Chief Customer Relationship Officer, Bill Miller says that this increase is due largely to the bank’s latest innovations and a continued focus on the customer relationship and experience. “These results are particularly satisfying for us during a time when confidence in the banking sector is low. It is confirmation that our ongoing strategy and value proposition is being acknowledged by our customers and in the community” The latest Roy Morgan Net Promotor Score* of the banking industry has benchmarked the industry at -4.03%, the lowest it has been for years. Regional Australia has bucked the trend with their Net Promotor Score coming in at 52% one of the highest amongst all Australian banks. This accomplishment is due in no small part to the phenomenal success of Regional Australia Bank’s Community Partnership Program and other sponsorships provided to local communities. “In 2018 we managed to donate over $1.5 million back to the local communities, helping to alleviate some of the problems brought about by a pretty tough year,” added Miller. And, the giving doesn’t stop there, with the bank not the only one giving back to the community. Jan Johnson, the winner of Regional Australia Bank’s Member Survey giveaway, has generously decided to donate her winnings of $2,000 back to the drought appeal. Jan and her husband Nigel have been Regional Australia Bank customers for over 40 years. They were both raised on farms, so they understand what farmers are going through now and their decision to help local farmers during one of the toughest droughts recorded in history will no doubt be much appreciated. While pleased with the results of the survey, Miller says that it doesn’t end there with the Bank continuing to innovative solutions to members and continuing to focus on giving back to the communities it serves. So, if you’re one of those Australian’s unsatisfied with your Bank get in touch with your local Regional Australia Bank branch to find out how you can become one of the most satisfied banking customers in the country. *A Net Promotor score is an index from -100 to 100 that is used globally to measure the willingness of customers to recommend a company’s products and services. Contact: Susie Laurence, C7EVEN Communications, 0439 655 715 / 02 6766 4513 Airlie Horton, C7EVEN Communications, 0412 037 908 / 02 6766 4513 Editor’s Note: It is requested that Regional Australia Bank is not shorted to an acronym and always referred to in full as Regional Australia Bank Prime Value Opportunities Fund upgraded by Lonsec 2018-09-25T22:33:32Z prime-value-opportunities-fund-upgraded-by-lonsec Strongly performing high conviction equities fund, the Prime Value Opportunities Fund, has been upgraded to “recommended” by ratings house Lonsec. This follows a recommended rating from Zenith Investment Partners earlier this year. The Prime Value Opportunities Fund is a concentrated investment vehicle, which can allocate 100% of the portfolio to cash in extreme market conditions. The Fund has returned 19.4% per annum for the year to 31 August 2018, and 13.7% per annum to investors since inception in October 2012. On awarding the upgrade, Lonsec said: “The Fund has delivered strong outperformance in ‘down’ markets which highlights the Manager’s capital preservation bias. “The Manager demonstrates strong alignment with underlying investors and there is significant co-investment in the funds from the investment team and the owners of the firm.” Prime Value Opportunities Fund portfolio manager, ST Wong, said key to the Fund’s outperformance was its focus on minimising mistakes. “To use a sporting analogy, we start with defence first and build our offence from there. “It’s a myth that returns are driven by picking big winners. Preserving capital and avoiding bad mistakes has a more powerful effect on long-term returns.” Lonsec also said: “At the core of Prime Value’s philosophy is the aim to minimise mistakes, which Lonsec perceives as being particularly important given they are a high conviction manager.” Boutique manager Prime Value Asset Management is part of an investment group including Shakespeare Property Group, managing more than $1.5 billion across equities, cash plus, direct property and agriculture investment. Earlier this year when upgrading its rating, Zenith said the Fund has a unique and attractive investment approach, and a long-term track record of meeting investment objectives. The Prime Value Opportunities Fund is currently available on platforms including BT Wrap, Hub24, Netwealth, Powerwrap, and Macquarie Wrap. Visit: www.primevalue.com.au  SAVING OUR INDIGENOUS HERITAGE ONE PIECE AT A TIME 2018-09-12T00:56:46Z saving-our-indigenous-heritage-one-piece-at-a-time Leski Auctions Media Release 12 September, 2018 SAVING OUR INDIGENOUS HERITAGE ONE PIECE AT A TIME Daryl Blythman was a precocious kid who saw treasure where others saw trash. As a young boy in the late 1950s and living on a family farm in regional Australia, he was surrounded by Aboriginal stone artefacts and axes that dated back to the Indigenous history of the area. Locals, older but hardly wiser, dismissed these historical relics as having no intrinsic value, be it cultural or financial. Daryl thought otherwise. “My father fuelled my interest in Aboriginal history, because he understood that the artefacts we found were part of Australia’s unique heritage,” Daryl said. “His hobby became my obsession when I understood that every piece we found was part of our story as a nation, and the more we collected the closer we came to understanding what that story revealed to us.” In his 30s, Daryl began to actively collect as much Indigenous art as he could to preserve it for future generations. It took him from local second-hand shops to auctions of tribal memorabilia in Australia and eventually to auctions and private sales in London, New York and New Zealand. “The Blythman Collection is a remarkable testament to the vibrancy of a living community that predates European migration to Australia by thousands of years,” says Harry Glenn, an auctioneer and valuer with Leski Auctions. “The preservation of Indigenous art and culture is extremely important to any community that values its history. It’s a privilege for us to offer Daryl’s remarkable collection.” Lot 47 (late c19th Rainforest Shield from Far Nth Qld has a pre-sale estimate of $10,000 - $15,000. (NB: Image available at https://www.leski.com.au/images/lot/3568/356896_2.jpg?1535426881) The lot will be sold by Leski Auctions (www.leski.com.au) on Sunday, 23 September from 2.00pm. About Leski Auctions Leski Auctions was established in 1973. Today, it is regarded as one of Australia’s leading auctioneers of Sporting Memorabilia, Australian Art & Antiques, Collectibles and World Philately. Among the many significant collections that Leski Auctions has been privileged to sell are those of Shirley Strickland, Ron Clarke, Sir Reginald Ansett and former RSL President, Bruce Ruxton. It has sold more ‘baggy green’ caps than any other auction house in the world. Charles Leski is a registered valuer for the Department of Environment, Water, Heritage and the Arts’ Cultural Gifts Program. He is also the valuer of the displayed items at the National Sports Museum at the MCG, Melbourne. Harry Glenn, an industry veteran with more than 20 years experience, has been working with Charles since 2012. The company is located at 727-729 High Street Armadale, Victoria 3143 Australia. Tel +61 3 8539 6150 and www.leski.com.au Issued by: Harry Glenn, Leski Auctions Michael Krape, Michael Krape Consulting Tel: +61 (0) 425 790 735 Tel: +61 (0) 403 135 880 harry@leski.com.au michaelkrape@krape.com.au Debt free equity release continuing to be a popular alternative to Reverse Mortgages 2018-08-30T01:03:32Z debt-free-equity-release-continuing-to-be-a-popular-alternative-to-reverse-mortgages A review released this week by ASIC into the reverse mortgage market in Australia, has drawn attention to the need for safe and certain equity release solutions for older homeowners. Homesafe Solutions Pty Ltd, the provider of Homesafe Wealth Release®, the only competitive alternative to reverse mortgages in the equity release sector, welcomes the report’s recommendations which seek to ensure protections for senior homeowners. Dianne Shepherd, Chief Operating Officer of Homesafe said: “The wealth built up in the family home has become the fourth pillar of the retirement system in Australia, and it is important for seniors, today and in the future, to have access to products which can provide the ability to access this wealth when needed the most”. Homesafe Wealth Release® has been designed to provide older homeowners a mechanism to access the wealth in their home, by providing an upfront lump sum payment, in such a way which addresses future uncertainty. Specifically, Homesafe Wealth Release® is a property transaction and not a loan, which enables the homeowner to sell a capped future share of the eventual sale proceeds of their home in return for a cash amount today whilst retaining the right to live in the home and choose when they sell. The capped share approach, provides greater certainty by ensuring the homeowner is not burdened with property growth, longevity or interest rate risks, as may be evident in alternative equity release products. For over 13 years Homesafe Solutions Pty Ltd has provided its debt free equity solution via its customer centric, ‘one-on-one’ approach to customer service, and has built a respected reputation in the market by providing a facilitation model without sales staff or selling strategies. “Homesafe has continued to assist its growing customer base through understanding their needs and objectives, and long-term aspirations. Homesafe Wealth Release® has been designed to offer a solution which can protect the future equity in the home, to ensure the homeowner can plan for future aged care needs or estate planning for their beneficiaries”. Ms Shepherd said Homesafe acknowledges the recent release of the ASIC review into reverse mortgages and supports recommendations which seek to ensure greater protections for senior homeowners. “Moreover, we are pleased the review confirms the need for equity release products across the wider market, to assist seniors achieve financial independence in retirement - a need which is confirmed by the ever-increasing demand for our debt free alternative to the reverse mortgage product.” About Homesafe Wealth Release Homesafe provides a debt-free home equity release solution where the homeowner agrees with Homesafe to sell a share of the future sale proceeds of their home in return for a lump sum payment today – the home is only sold when the homeowner chooses, or after the death of the surviving homeowner, with the unsold share of the sale proceeds retained by the homeowner or their Estate. Homesafe is not entitled to receive any more than the agreed share. Homesafe Wealth Release was established in 2005 in conjunction with Bendigo and Adelaide Bank. Visit www.homesafe.com.au Regional Australia Bank calls on Bingara community to support extended trading hours 2018-08-21T04:55:03Z regional-australia-bank-calls-on-bingara-community-to-support-extended-trading-hours Other banks may be calling time in Bingara but not Regional Australia Bank. After trialling an extra day’s trading on Fridays, the bank has decided to implement it on a regular basis. So as from Monday 20th August 2018, Bingara residents will be able to enjoy the ease and convenience of an extra day’s banking. New hours of operation will now be Monday and Wednesday 10am-3pm (previously Tuesday and Thursday) and Friday from 12pm to 3pm. This change was implemented after the Bingara business community indicated that they would value a third day of trading. This latest episode marks yet another instance where Regional Australia Bank has bucked the trend shown by the big National Banks and remained committed to small town communities. In response, there has been a great show of support from the Bingara community, and several people have switched their mortgages over from their old (and now absent) banks to Regional Australia Bank. However, for the three day a week working model to be sustainable, Regional Australia Bank needs more people to make the switch. To make this process as painless as possible, Bronte Egan, Branch Operations Manager explains: “we see value in Bingara, so we have made it easy to make the switch by waiving all joining fees, loan approval fees and documentation fees. And we’ll even take care of all the heavy lifting regarding switching your direct debits and credits over. “All you need to do is pop into the local branch and talk to one of helpful and friendly lenders or make an appointment at any time that suits you and we’ll do the rest.” Regional Australia Bank has been servicing the Bingara community for over 35 years. It is a major sponsor of the town’s Orange Festival and donates thousands of dollars annually to local Bingara community organisations through its Community Partnership Program. In addition to this support, Regional Australia Bank will be attending the Customer Owned Banking Association (COBA) coordinated ‘Hike the Hill’ event in Canberra this week. Regional Australia Bank CEO, Kevin Dupé, will be speaking with Federal Ministers about banking in regional Australia. This follows recent discussions with the Local Government Association, Regional Australia Bank and COBA about the decline of banking services for rural and regional Australians. So, if you’d like to contribute to Regional Australia Bank continuing to be a part of the Bingara community, then now is the time to get behind it and become a customer. Because there’s never been a better time to make the switch. For further information on how to change over to Regional Australia Bank, visit https://www.regionalaustraliabank.com.au/make-the-switch/ <ENDS.> Contact: Airlie Horton, C7EVEN Communications, 02 6766 4513 / 0412 037 908 Regional Australia Bank’s innovative Community Partnership Program turns 10 and gives back over $18,500 to the Werris Creek community 2018-08-17T03:47:32Z regional-australia-banks-innovative-community-partnership-program-turns-10-and-gives-back-over-18-500-to-the-werris-creek-community Our Community Partnership Program is now in its tenth year, and we’re delighted to tell you that it continues to grow from strength to strength. In fact, this year’s community donations smashed the million-dollar milestone for the first time, with a whopping total of $1,028,402.00. Now that’s something to celebrate. Werris Creek certainly got into the spirit of things, with Regional Australia Bank awarding $18,863.50 to the local community at the Werris Creek Community Partnership presentations event held at the bowling and tennis club. The donations will be divided amongst a number of worthwhile local organisations and businesses. Some of this year’s recipients include: Werris Creek & District Pre-school Association Inc Werris Creek & District Preschool is a community based, not for profit, preschool, with the committee 100% made up of the parents of the children attending preschool. They have been involved with the Community Partnership Program for the last 8 years. In the past donations have gone towards funding a wish list that would otherwise have been outside the financial scope of the school. In the last few years they have used the money to redo the outside area at the pre-school. With this year’s donation, the plan is to refurbish all the sand pit equipment. As you can imagine, this gets used exhaustively by the kids and it is in dire need of being renewed. Julia Cameron of the pre-school said, “we enjoy a very good, reciprocal relationship with the local (Regional Australia Bank) staff and we are very appreciative of this type of program. A donation like this represents an awful lot of cake stands and raffles.” Cancer Patients’ Assistance Society of NSW – Werris Creek Can Assist Werris Creek is a charity which provides accommodation, support and financial assistance to local families affected by cancer. They have held an account with Regional Australia Bank for many years and were first told about the program by bank staff. They first joined the program about 7 years ago and have used the donation money to help cancer patients and their families with bills, accommodation costs, transport to and from their treatment, medication and fuel cards. To date they have managed to help cancer patients to the tune of over $120,000. A fantastic effort. This year’s donations will continue to be used for the same purposes. Aside from celebrating 10 years of our Community Partnership Program, 2018 also represents the 50th anniversary of Regional Australia Bank. And for us, the greatest gift is the knowledge that the bank has been able to contribute more than 2.5 million dollars to deserving community groups over the last few years through the Community Partnership Program. As Joe Coppola, Branch Operations Manager, Regional Australia Bank explains, “we’re hugely proud of our ability to deliver social and environmental returns to our regional communities. We are passionate about giving back to our community and empowering our customers to support local community groups they feel strongly about.” The Community Partnership Program allows new bank customers to open a transaction account and at the same time pledge their support for a group or organization close to their heart. Regional Australia Bank then calculates the average annual balance of all supporters’ accounts and donates 1% of the total to the cause on the customers’ behalf – all without costing them a cent. With more and more people getting on board, the Community Partnership Program has continued to grow at over 30% per year ­– and provides invaluable donations to various local grass roots clubs and community groups. “The Community Partnership Program is just one of the ways in which we assist our customers and communities,” said Kevin Dupé, Regional Australia Bank CEO. “Regional Australia Bank is proud to continue delivering the Community Support Program in 2018, enabling it to continue enhancing the quality of life and a strong sense of community for the regions it serves. “Our customer owned structure means that not only do our clientele benefit from fairer fees, competitive interest rates and the local expertise, they also know they’re benefiting Regional Australia by helping it prosper and thrive.” In addition to the Community Partnership Program, Regional Australia Bank also gives 5% of its net profits back to the community through sponsorships to local clubs and community organisations, as well as contributing to regional infrastructure projects. The Community Partnership Program represents community activism at its best and we want to thank all our loyal members. Because without your ongoing support, this invaluable donation scheme would not be able to thrive. To quote Joe again. “After all, it’s the opportunity to make a difference, to build better communities and to create better places to live that drives so many of us – so it’s fitting that our customers, who are also members of our communities, lead the way in initiatives like this one.” Here’s to the next 50 years! A full list of Community Partnership Program Werris Creek beneficiaries has been included below. - Ends - Contact: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 Airlie Horton, C7EVEN Communications, 02 6766 4513 / 0412 037 908 It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Werris Creek Community Partnership Beneficiaries: Werris Creek & District Pre School Association Inc Werris Creek Rugby League Football Club Cancer Patients' Assistance Society of NSW - Werris Creek Werris Creek Golf Club Anglers Club Werris Creek Bowling And Tennis Club Ltd Inter-Schools Horse Extravaganza (Ishe) Country Women’s Association of NSW Werris Creek Branch Werris Creek Golf Club Ltd The Scouts Assoc. of Aust 1st Branch Werris Creek Werris Creek Rural Fire Service Werris Creek Swimming Club Incorporated Lions Club of Werris Creek Incorporated Werris Creek RSL Sub Branch Ladies Auxiliary Werris Creek Community Shed Incorporated Werris Creek Public School P & C Association Friends of Werris Creek Library Werris Creek Minor League UHA of NSW Werris Creek Branch Liverpool Plains Equestrian Interschools Incorporated St Bede's Anglican Womens' Auxiliary Tamworth receives over $64,000 as Regional Australia Bank’s Community Partnership Program turns 10 2018-08-16T22:32:33Z tamworth-receives-over-64-000-as-regional-australia-banks-community-partnership-program-turns-10 This year marks the tenth straight year we have been running our Community Partnership Program, and it just continues to go from strength to strength – with this year being the first time we’ve broken the million-dollar mark - with a grand total of $1,028402 being donated to back to our local communities. For us, that’s the best gift of all. At Gregory’s restaurant in Tamworth, Regional Australia Bank presented Tamworth community groups with a donation of $64,404.37 to be divided up amongst a number of different charities and organisations. As you can imagine, the community was thrilled, and a most enjoyable evening was had by all. With many beneficiaries of this donation, we simply could not list them all here, but this year’s main recipients include: United in Compassion Ltd United in Compassion advocate patient access to full spectrum herbal medicinal cannabis to alleviate suffering in a compassionate and dignified manner. They first became involved with the Community Partnership Program two years ago. The donations received so far have been used to put on 3 international symposiums, (in Sydney and Melbourne) with a panel of experts and health professionals presenting case studies from other countries, dispelling myths and taking questions from the general public. Some of the money has also been used in the funding of a voluntary Medical Advisory Panel to help educate and raise awareness. This year’s donation will go towards another symposium and to continued education and awareness. Lucy Haslam, founder of United in Compassion was full of praise for Regional Australia Bank, saying, “it’s fantastic to have the bank supporting us on this issue. It sends a strong message. This is about looking after the community. Something that Regional Australia Bank and United in Compassion are both passionate about.” The Brain Foundation The Brain Foundation is a nationally registered charity dedicated to funding world-class research Australia-wide into neurological disorders, brain diseases and injuries. They have been participating in the Community Partnership Program for the last ten years. The donations they have received go in large part towards paying for advertising costs and raising awareness for the annual Christmas Fair held in November. Anything left goes towards research and development. Philippa Warner, the President of the Northwest Branch of The Brain foundation said, “we are extremely grateful for the ongoing support of the Regional Australia Bank every year. It allows us to run our very successful event annually which raises funding for research into brain diseases and injuries.” Friends of Nioka & New England Palliative Care Serv Incorp Friends of Nioka specialise in palliative care for people with a terminal illness. They focus particularly in providing relief from the symptoms and the stress associated with the disease and on improving the quality of life for both patient and family. They first joined the Community Partnership Program at its inception ten years ago, having heard about it through the staff in the local branch. The donations they have received over the years have been put to a wide range of uses, including decking out the Nioka ward in the hospital with beds, tables, scoop chairs, oxygen concentrators, bladder scanners and a whole range of other items. Some of the money has also been used for the further education of the staff. This year’s donation will be used to purchase similar items as and when the Nioka Ward requires them. In addition to celebrating the tenth birthday of our Community Partnership Program, 2018 is also a special year for Regional Australia Bank for a different reason. It’s our 50th anniversary. And what better way to celebrate it than knowing our Community Partnership Program has been able to give back over 2.5 million dollars to deserving community groups over the last few years. As Joseph Coppola, Regional Australia Bank Branch Operations Manager explains, “we’re hugely proud of our ability to deliver social and environmental returns to regional communities. We’re passionate about giving back to our community and empowering customers to support local community groups they feel strongly about.” The Community Partnership Program allows new bank customers to open a transaction account and at the same time pledge their support for a group or organization close to their heart. Regional Australia Bank then calculates the average annual balance of all supporters’ accounts and donates 1% of the total to the cause on the customers’ behalf – all without costing them a cent. With more and more people getting on board, the Community Partnership Program has continued to grow at over 30% per year ­– and provides invaluable donations to various local grass roots clubs and community groups. “The Community Partnership Program is just one of the ways in which we assist our customers and communities,” said Kevin Dupé, Regional Australia Bank CEO. “Regional Australia Bank is proud to continue delivering the Community Support Program in 2018, enabling it to continue enhancing the quality of life and a strong sense of community for the regions it serves.” “The program comes at no cost to our customers and it authenticates our promise to operate in the best interests of our customers and communities. “Our customer owned structure means our customers not only benefit from fairer fees, competitive interest rates and the expertise from local specialists, they know they’re benefiting Regional Australia by helping it to prosper and thrive,” said Dupé. In addition to the Community Partnership Program, Regional Australia Bank also gives 5% of its net profits back to the community through sponsorships to local clubs and community organisations, as well as contributing to regional infrastructure projects. “The Community Partnership Program represents community activism at its best and we want to thank all our loyal members. Because without your ongoing support, this invaluable donation scheme would not be able to thrive. “After all, it’s the opportunity to make a difference, to build better communities and to create better places to live that drives so many of us – so it’s fitting that our customers, who are also members of our communities, lead the way in initiatives like this one,” Mr Coppola. Here’s to the next 50 years. A full list of Community Partnership Program Tamworth beneficiaries has been included below. - Ends - Contact: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 Airlie Horton, C7EVEN Communications, 02 6766 4513 / 0412 037 908 It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Tamworth Community Partnership Beneficiaries: United In Compassion Limited Brain Foundation Friends of Nioka & New England Palliative Care Services Inc. Friends of Marsupial Park Tamworth Regional Landcare Association Inc Tamworth Regional Wellness Network Inc. CONNECT Tamworth Women's Network Challenge Community Services Zonta Club of Tamworth Inc. Tamworth & District Prostate Cancer Support Group Inc. Nundle CWA Pre-School Kindergarten Kootingal/Moonbi Rural Fire Brigade Nundle Go for Gold Festival Committee Peel River Artist Blacksmiths Tamworth Meals on Wheels Inc. Northern Inland Football Inc Kootingal Moonbi Swimming Club Inc. Barnard River Wild Dog Control Association Inc. North Companions Football Club Inc. Scripture Union Tamworth Tamworth Regional Horse Drawn Club Inc. Tamworth & District Breast Cancer Support Group Tamworth Basketball Association Tamworth Veteran Cricket Oxley Vale P&C Association Tamworth Regional U3A Inc United Hospital Auxiliaries 360 Scully Park Swimming Club Incorporated Birrelee Multi- Functional Aboriginal Children’s Service Gowrie Rural Fire Service Bendemeer P&C Association Inc. Tamworth & District Model Engineers Inc Dungowan Parents & Citizens Association NORTH & NORTHWEST SHOWJUMPING CLUB Girl Guides Assoc. (NSW & ACT) Tamworth Support Group Nundle Public School P & C Ass Tamworth & District Highland Society Pipe Band Tamworth & District Minor Rugby League United Hospital Auxiliaries OF NSW INC Currabubula Public School P&C Association Inc. ADFAS Tamworth Region Coledale Communal Garden Group Inc. Tamworth & District Family History Group Inc. West Tamworth Women’s Bowling Club Tamworth and District Cricket Umpires and Scorers Association Tamworth Phys Culture Club Inc. Cornerstone Church Inc. Loomberah War Memorial Hall S355 Committee Dungowan Public Recreation TAMWORTH CLAY TARGET CLUB INC. Currabubula Bush Fire Brigade Tamworth Peel Evening View Club Bendemeer Art Show Committee Tamworth Sub Junior Golf Group Tamworth Tidy Town Committee Central North Women’s Rugby Club Currabubula Common Trust DUNGOWAN JUNIOR RUGBY LEAGUE CHAMPS, CRAMPS, & CHALLENGES FOR MND TAMWORTH COMMUNICATORS Friends of Tamworth Libraries Tamworth Roller Derby League Inc United Softball Club Tamworth Tamworth Regional Council Social Club Tamworth Rugby Football Club LTD Regional Australia Bank gives back over $26,000 to the Quirindi community 2018-08-15T04:34:45Z regional-australia-bank-gives-back-over-26-000-to-the-quirindi-community Now in its tenth year, our Community Partnership Program continues to grow from strength to strength. And we’re proud to inform you this year’s community donations were the biggest yet. In fact, for the first time we smashed the million-dollar milestone with a whopping total of $1,028,402.00. Now that’s something to raise the spirits in this difficult time of droughts. Quirindi certainly found plenty to cheer about, with Regional Australia Bank awarding $26,282.55 to the local community at the Quirindi Community Partnership presentations event held at the RSL. The donations will be divided amongst a number of worthwhile local organisations and businesses. Some of this year’s recipients include: Willow Tree Bowling Club Ltd Willow Tree Bowling Club have been involved with the Community Partnership Program since its inception ten years ago. Over the years, they have put all the donation money into the upkeep and refurbishment of the club. In January 2017 the club was struck by tragedy when it burnt to the ground. But now plans are afoot to restore the club to its former glory and all donations received will be going towards building costs. Regional Australia Bank wishes them all the best with their efforts, and hope that this year’s donation helps them get the club back on its feet as soon as possible. Quirindi Rugby Club Inc Quirindi Rugby Club has been participating in the Community Partnership Program for about 5 years. They have used the donations to upkeep the club and try and encourage more youth participation. This year, with the severity of the drought, they are looking at installing rainwater tanks to help with the watering of the pitch. Richard Braebrook, the President of the club, had this to say. “It’s great to have Regional Australia Bank looking after the regional clubs, grass roots clubs. Whether it be footie, hockey, cricket, netball they all provide a distraction, a chance to forget about the drought for a moment and have a bit of fun with your mates. It’s great to have a bank supporting this.” Quirindi Canter Inc Quirindi Canter does a fantastic job of providing support to young people with fulltime care needs in the Quirindi district. They first joined the Community Partnership Program 8 years ago after being told about it by some of the girls in the branch. The donations they receive go towards helping young people in fulltime care with such diverse items as cash donations, fuel vouchers, disability discoes, a companion dog for a young autistic girl, and even a new saddle for a disabled rider. This year, the funds will continue to be used for a number of good causes, including helping the special needs group at the high school to build a veggie garden. Aside from celebrating 10 years of our Community Partnership Program, 2018 also represents the 50th anniversary of Regional Australia Bank. And for us, the greatest gift is the knowledge that the bank has been able to contribute more than 2.5 million dollars to deserving community groups over the last few years through the Community Partnership Program. As Joe Coppola, Branch Operations Manager, Regional Australia Bank, explains, “we’re passionate about giving back to our community and empowering customers to support local community groups they feel strongly about because we realise that helping people provides the best reward.” The Community Partnership Program allows new bank customers to open a transaction account and at the same time pledge their support for a group or organization close to their heart. Regional Australia Bank then calculates the average annual balance of all supporters’ accounts and donates 1% of the total to the cause on the customers’ behalf – all without costing them a cent. With more and more people getting on board, the Community Partnership Program has continued to grow at over 30% per year ­– and provides invaluable donations to various local grass roots clubs and community groups. “The Community Partnership Program is just one of the ways in which we assist our customers and communities,” said Kevin Dupé, Regional Australia Bank CEO. “Regional Australia Bank is proud to continue delivering the Community Support Program in 2018, enabling it to continue enhancing the quality of life and a strong sense of community for the regions it serves. “Our customer owned structure means that not only do our clientele benefit from fairer fees, competitive interest rates and the local expertise, they also know they’re benefiting Regional Australia by helping it prosper and thrive.” In addition to the Community Partnership Program, Regional Australia Bank also gives 5% of its net profits back to the community through sponsorships to local clubs and community organisations, as well as contributing to regional infrastructure projects. “The Community Partnership Program represents community activism at its best and we want to thank all our loyal members. Because without your ongoing support, this invaluable donation scheme would not be able to thrive. “After all, it’s the opportunity to make a difference, to build better communities and to create better places to live that drives so many of us – so it’s fitting that our customers, who are also members of our communities, lead the way in initiatives like this one,” says Joe. Here’s to the next 50 years! A full list of Community Partnership Program Quirindi beneficiaries has been included below. - Ends - Contact: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 Airlie Horton, C7EVEN Communications, 02 6766 4513 / 0412 037 908 It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Quirindi Community Partnership Beneficiaries: Willow Tree Bowling Club Limited Quirindi Rugby Club Inc Quirindi Canter Incorporated Quirindi Rural Heritage Village Incorporated Quirindi C.W.A. Quirindi Pony Club Inc. Quirindi Junior Rugby Club Rotary Club of Quirindi Inc Spring Ridge Public School P&C Association Wallabadah P & C Association Usfeller Trust Blackville Community Art Show Borah Creek Bushfire Brigade Quirindi Swimming Club Incorporated Quirindi Village Miniature Railway Inc Friends of Quirindi Library Quota International of Quirindi Incorporated Quirindi Primary School P&C Association Quirindi Show Society Inc. Willow Tree Branch of NSW Farmers' Assoc. Quirindi District Rescue Squad Incorporated Quirindi Womens Bowling Club The Quirindi Polocrosse Club Inc Lions Club of Quirindi Inc Australian Red Cross Society NSW Division Quirindi Lions Club of Willow Tree Inc Quirindi Junior Cricket Association Incorporated North West District Council of RSL Sub-Branches NSW Quirindi High School P & C Association Incorporated Quirindi & District Little A'S Quirindi Netball Assoc Inc