The PRWIRE Press Releases https:// 2020-05-25T22:33:35Z Brisbane PropTech Startup Adds Value for Buyers, Sellers and Investors 2020-05-25T22:33:35Z brisbane-proptech-startup-adds-value-for-buyers-sellers-and-investors Brisbane, AUSTRALIA, 26 May 2020 – PropTech startup TrueMarket wants to take the guesswork out of property transactions for buyers, sellers and investors by making professional e-valuations a mainstream consumer service. The company offers customised online property assessments completed by fully qualified valuation experts. Informed by property-specific metrics and market research, the e-valuation reports provide objective sale price assessments, rental estimates, sales comparisons and risk profiling.   TrueMarket valuers use a range of online and mobile technologies, including user video uploads, digital imagery, verified house/unit plans and satellite mapping to complete virtual property viewings. These innovations allow the e-valuations to be based on a visual inspection of customers’ properties while expediting the assessment process and significantly reducing report costs. The e-valuations are designed to assist clients with property negotiations and sales decisions. From an investor standpoint, the reports are also suitable for capital gains tax assessments and self-managed super fund reporting requirements.   Company director Julian Chapman developed the concept after working in the property valuation industry for more than fifteen years. ‘I was completing these property reports for banks, who relied on our assessments for their own due diligence and thought that they could also be a useful information resource for buyers and sellers in pre-contractual negotiations’. He says that after many conversations with friends and associates, the market demand for the service was clear. ‘Prior to TrueMarket, if a consumer wanted to obtain property price information, they either had to rely on the word of a real estate agent or use generic online appraisal tools, which lack any real accuracy or reliability.’ Alternatively, ordering a formal property valuation was expensive and time-consuming. This is where Mr Chapman saw an opportunity to transform the service and make it appealing to consumers. He says the focus of TrueMarket is to ‘provide fast, low-cost property assessments that are accurate, informative and objective.’ Delivering on this goal, the company offer their e-valuations for just $149 and strive for same-day report delivery.   Whilst the service is currently only available in the Greater Brisbane region, the company’s mission is to provide greater transparency in real estate dealings across Australia. Accordingly, TrueMarket is planning to expand to other regional centres and capital cities as demand grows. Head to www.truemarket.com.au for more information about the service and to download a sample report.   Media Contact Julian Chapman 0404 730 040 julian@truemarket.com.au www.truemarket.com.au Strata industry shakeup 2020-05-21T03:35:26Z strata-industry-shakeup Strata Management is proving to be an interesting and difficult to navigate industry during the global pandemic. Firms have faced the same pressures as other businesses, trying to get large workforce's to provide a high-quality service while working remotely. Strata firms are not immune to financial challenges and stresses during the pandemic. If anything, the workload has risen immensely for body corporate/owners corporation managers. But one difference is they are now facing issues as some owners in bodies corporate are struggling financially and yet expecting the full service for free. The client facing staff are experiencing stressful workloads with a negative sentiment from those they are providing a service to. Now this is obviously not every client, others have presented some positive,F community spirit – showing a lot of appreciation for their managers. With such a rise in workload, a negative perception from clients who may not fully grasp how the strata industry operates and their own business impacts – strata firms are facing a make or break moment. While they want to show a lot of empathy, without getting paid, they may fall. One business consulting/outsourcing firm has been the saving grace for helping some of Australia’s leading strata firms stay on top. The fundamental to any good business is your people, process design and technology. These resources equip you to better navigate challenges, provide the best quality service and become an adaptable and resilient business. That is where APT comes in. We are more than just outsourcing, we become an extension of your business and your people, processes and technology. We have been able to deploy new processes and assist in ensuring work from home is efficient. The most important role we have been playing in this crisis is taking some of the administrative work load off the client facing staff so they can better support and manage their communities. The firms we work with have been able to adapt quickly and efficiently to ensure they can continue to provide the high-quality service they always do. Through process design, people and technology – APT can help you today and into the future. www.aptbusinessservices.com.au Camera specialist CameraPro on the hunt for acquisitions 2020-05-21T02:25:41Z camera-specialist-camerapro-on-the-hunt-for-acquisitions MEDIA RELEASE 5 May 2020 Camera specialist CameraPro on the hunt for acquisitions BRISBANE – Leading Australian camera speciality retailer, CameraPro, is currently actively looking at acquisition opportunities of aligned retail and ecommerce sites across Australia. "We've been looking for opportunities for national growth and expansion for some time,” wrote CameraPro founder Jesse Hunter. “And with the significant decline in the camera industry, further consolidation in the market is inevitable.” The current retail downturn for the camera retail industry is unprecedented with GFK data showing around 20% decline even before the COVID-19 pandemic. Now, with both travel restrictions and safety lockdowns, the market has dropped by more than half of 2019. Many specialty camera stores are temporarily closed, with a number expected not to reopen for some time, if at all. “CameraPro’s unique model of experiential retailing has proven very successful in our declining industry, with our retail growth averaging over 50% y-o-y for the past 2 years,” Hunter confirmed. “We are now looking to roll our model of Service Excellence and photographic experience from Queensland into other Australian markets.”  While the current environment is no doubt a test, CameraPro believes there is still significant potential for growth and market expansion. CameraPro has a reputation of purposeful market leadership with strong social and environmental initiatives, growing rapidly over the last 10 years to be the market leader in Queensland.  Also, a market innovator, even as recently as March this year with the launch of an industry first “Video Shopping Service” (as reported in the SmartCompany entrepreneurship publication); CameraPro has interstate growth firmly in its sights. “We feel we are now in one of the strongest positions in the market to bounce back as the photographic and camera industries re-emerge from Covid. Acquisition will be part of our strategy moving forward in a vastly changed retail marketplace.” Interested parties are encouraged to contact CameraPro’s General Manager, John King, directly on   0411 287 070 or john.king@camerapro.com.au About Founded in 2007, CameraPro is a leading, independent photographic retailer serving customers Australia-wide. Our story began with a simple ambition: to deliver a better retail experience for photographers. More than a decade later, our success story is more than anything else the story of a commitment to that original promise. -ends- ROBERT KIYOSAKI SAYS THE BIGGEST CRASH IN WORLD HISTORY IS COMING - HARRY DENT & MARTIN NORTH AGREE 2020-05-19T05:47:39Z robert-kiyosaki-says-the-biggest-crash-in-world-history-is-coming-harry-dent-amp-martin-north-agree THE BIGGEST CRASH IN WORLD HISTORY IS COMING says ROBERT KIYOSAKI # BIGGER CRASH THAN THE GREAT DEPRESSION # PROPERTY TO PLUMMET BY 50% # STOCK MARKET DOWN BY 85% # CATASTROPHIC UNEMPLOYMENT # MASSIVE BANKRUPTCIES # PENSIONS IN SERIOUS TROUBLE World-renowned bestselling Rich Dad Poor Dad author and personal finance expert Robert Kiyosaki, will be headlining SECURE THE FUTURE, a free livestream seminar on Sunday 24th May to discuss the future of the economy and how to profit from the massive changes ahead. Free registrations are available at www.robertandharry.com Kiyosaki says “ This is the biggest crash in world history but there are more opportunities than ever before. As Warren Buffet said only when the tide goes out do you see who has been swimming naked. Once the tide goes out there will be lots of bodies left. Prices will come down.” Joining him will be the world’s most accurate economic forecaster Harry Dent and expert Australian property analyst Martin North who will discuss massive global unemployment, crashing stock markets, plummeting property prices and bankruptcies and the opportunity of a lifetime in the next 12 months to make generational wealth. The seminar will reveal insights based on real research that can't be found anywhere else as well as provide the answers to how to make extreme profits from the current global crisis. Robert Kiyosaki says “As we face the biggest meltdown of the world’s economy, bigger than the great depression, I believe the iPhone is one of the greatest tools for any entrepreneur because no matter where you are based, you can market to the entire world.” Free registrations are available at www.robertandharry.com and the chance to gain the research-based, expert information needed to prepare, protect and potentially profit from one of the biggest profit opportunities in a century, what Harry Dent calls "The Sale of a Lifetime." ABOUT ROBERT KIYOSAKI Best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes the world needs more entrepreneurs who will create jobs. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.Robert has been heralded as a visionary who has a gift for simplifying complex concepts—ideas related to money, investing, finance, and economics—and has shared his personal journey to financial freedom in ways that resonate with audiences of all ages and backgrounds. His core principles and messages—like “Your house is not an asset“ and “Invest for cash flow” and “savers are losers”—have ignited a firestorm of criticism and ridicule… only to have played out on the world economic stage over the past decade in ways that were both unsettling and prophetic. HARRY DENT IS THE WORLDS MOST ACCURATE ECONOMIC FORECASTER No one is ever 100% correct but Harry is on the mark 80% of the time.….here’s his top 15 predictions over the last 30 years. … # First newsletter September 1989: 2-year slowdown and mini stock crash in US. # 1989: 12 -14 year major crash and downturn in Japan similar to Great Depression... while US, Europe have greatest decade in history in 1990s. # First published book in late 1992: The Great Boom Ahead and Dow 10,000 by 2009. # Early 2000 Tech and Internet Bubble peaks. # Early October 2002 bottom after tech wreck. # US real estate bubble peak in late 2005 before early 2006 peak # 2008 bubble peak in oil # Peak of silver to the day in late April 2011 -- and sell signal for gold which was 5 months early # Gold collapse when broke $1,525 in early 2013 # Peak of Junk Bonds in May 2013 # Gold rebound in 2016 forward, but only to around $1,428 before collapses again # US Treasury Bond yields back up to 2.9% - 3.0% after low in 2016. # US Treasury Bond yields going to 0 in late 2019 # US stocks in final orgasmic rally from late 2019 into early to mid-2020 # First Bubble Crash Will Be 40%+ in Less Than 2.5 Months TO INTERVIEW ROBERT KIYOSAKI, HARRY DENT AND MARTIN NORTH email  max@marksonsparks.com or call Max Markson on 0412 501 601 Stalling of FASEA exam bill yet another Govt failure with industry & consumers the biggest losers says UFAA 2020-05-18T02:48:02Z stalling-of-fasea-exam-bill-yet-another-govt-failure-with-industry-amp-consumers-the-biggest-losers-says-ufaa Once again, federal politicians have displayed their inability to put the interests of the nation’s consumers and the wellbeing of the financial services advisory sector ahead of political gamesmanship with the stalling of the Financial Adviser Standards & Ethics Authority (FASEA) exam extension in the Senate said United Financial Advisers Association (UFAA) Chairman and spokesperson Mr Alex Vagliviello.   Commenting further Alex Vagliviello said politicians continue to reinforce the long-held perception that they lack any understanding and appreciation for the role of the adviser and importance of financial advice in supporting Australians achieve their individual retirement, business and lifestyle protection objectives.   The dire results of two decades of financial services industry reform failure and mismanagement with Australian consumers being the greatest losers can attest to this.    “At a time when the nation is facing its greatest economic challenge, access to quality professional advice and service is so crucially needed by Australian consumers, business owners and individuals that have lost jobs, the government has chosen to extend the relief Bill to August”, added Alex Vagliviello.   “Furthermore, politicians continue to ignore the fact that financial advisers are SMEs and are leaving the industry in unprecedent numbers.  This latest fiasco will not only accelerate the exodus, but in doing so, condemn their administrative staff and paraplanners to be added to the ranks of unemployed”.   “It simply defies comprehension!”   The rapidly mounting list of dire economic consequences in the wake of the coronavirus pandemic and folly of decisions past are being exposed.  Among these are: - House prices predicted to fall by as much as 30 percent according to CBA - Unemployment, to exceed 15 percent predicts the Grattan Institute with the underemployment rate to take the number well over 20 percent. - Higher rates of bankruptcy as both business and households collapse from lack of income - Mental health issues predicted to increase across the board as individuals, families and business owners grapple with bleak financial circumstances - Household debt at an eye-popping 200 percent of income, according to the OECD   So, dramatic are these circumstances that they are being compared to figures not seen since the Great Depression of the 1930’s affirmed Alex Vagliviello.   “From the outset of the resultant collapse in share and property markets brought about by the pandemic, financial advisers have literally been inundated by business owners forced to close their enterprises and individuals made unemployed or required to take leave without pay”.    “All reaching out to advisers needing professional qualified advice in relation to pensions, superannuation, share values, personal and household debt, how to manage cashflow, life insurances, mortgages, etc”.   Hampering access to these much-needed services has been the massive compliance and regulatory burden imposed on the adviser that has made advice unaffordable to the mums, dads, tradies and SMEs that need it most.   Overwhelmed by escalating operational expenses from ASIC fees to professional indemnity costs and their businesses and livelihoods under threat at every turn – is it any wonder many advisers are also facing mental health distress.   Alex Vagliviello concluded, “The failure to pass the FASEA extension bill was not an issue of a simple exam extension but a reaffirmation of the gulf between politicians (and their consultants) and real world of advisers and the benefit they provide to consumers – many of whom now are on Struggle Street as a result of the pandemic”.   “At a time when Australia needs bold and decisive action and a vision charting a return to economic well-being for the good of the people, federal parliamentarians are once again found wanting.  They simply don’t care”.   ENDS      Issued by United Financial Advisers Association               www.ufaa.asn.au                Media enquiries:       Mr Joe Perri, Joe Perri & Associates Mobile: +61 412 112 545      Email:  jperri@joeperri.com.au                  La Trobe Financial re-opens capital markets with $1.25 billion La Trobe Financial RMBS issuance 2020-1 2020-05-14T00:22:31Z la-trobe-financial-re-opens-capital-markets-with-1-25-billion-la-trobe-financial-rmbs-issuance-2020-1 12 May 2020 – Blackstone portfolio company, La Trobe Financial, has stunned capital market observers with a benchmark $1.25 billion RMBS raising – the largest securitisation globally since the coronavirus took hold in March – effectively re-opening Australian debt capital markets and confirming Australian residential mortgages as a global safe harbour investment. La Trobe Financial, with $11 billion in assets under management, saw support from global investment houses in Asia, the US and Europe and from Australian institutional investors. The strength of support was seen in the strong level of over-subscription across all notes, as well as excellent pricing outcomes in a volatile market. Notably, while the Federal Government’s Australian Office of Financial Management (AOFM) was closely involved with the deal, investor demand was such that no AOFM investment was required. Martin Barry, La Trobe Financial’s Chief Treasurer & Strategy Officer commented, "We are pleased to have been able to return markets to some level of normality post the onset of the coronavirus with the raising of $1.25 billion from global and domestic investors – which is the largest securitisation transaction since the coronavirus took hold. This transaction confirms the strength of our platform and the quality of our underlying assets as ‘safe harbour’ assets in a difficult global investment environment. We are also delighted to have the support of the AOFM through this transaction. Whilst they were ultimately not required to purchase our bonds, their presence and decisiveness was a critical underpinning to investor confidence in the transaction." La Trobe Financial’s President and Chief Executive Officer, Greg O’Neill OAM, commented, "Congratulations to our treasury deal team in securing a benchmark $1.25 billion transaction not just for La Trobe Financial, but for capital markets in Australia. The team has shown that, even in difficult markets, we are recognised as bringing to the table a quality platform and an outstanding ability to execute. We are pleased to recognise the ongoing support for the industry from the AOFM and its role in continuing to buttress Australia’s reputation as a destination for global investors." The AOFM’s Structured Financial Support Fund (SFSF) was announced on 19 March 2020 as a $15 billion fund established to enable smaller lenders, who often drive innovation and provide competition, to continue supporting Australian consumers and small business. As well as its involvement in the current La Trobe Financial transaction, the AOFM has utilised the SFSF to support two prior transactions. It is also working to implement a forbearance facility, to support RMBS and warehouse cash flows through the coronavirus hardship phase. The proceeds of the issue will be used by La Trobe Financial to continue writing home and business loans for ordinary Australians at a critical time in the history of our economy. Barry commented, "We welcomed three new investors to our already 46 investor-strong RMBS program and are delighted by the interest we have received both offshore and domestically as we build on our diverse investor base. We remain good stewards of other people’s capital and this enables us to obtain and maintain the trust of our clients – this is the real asset of the company." "With this RMBS transaction we achieved competitive pricing, notwithstanding increased levels of market supply and note participation from 15 domestic and seven international investors from Europe, USA and Asia." With $11 billion of assets under management, La Trobe Financial has been responsible for over $25 billion worth of investment mandates of varying structures since being founded in 1952. La Trobe Financial has now issued $6.17 billion of RMBS to a range of Australian and international investors. Its RMBS program has seen continued support from repeat investors and a progressively widening investor base with each transaction. Both reflect well on the diversity and resilience of La Trobe Financial’s funding base, which includes institutional mandates and Australia’s largest Credit Fund, representing the most diversified funding base in the non-bank sector. Richard Parry, Head of Group Portfolio Management at La Trobe Financial commented, "The pricing and level of over-subscription reflects a strong endorsement of La Trobe Financial’s high quality assets, expertise and long, consistent track record as Australia’s oldest diversified wealth manager. With current trend loan originations now at $10+ billion per year, this was a practical step to complement current institutional mandates and our nationally and internationally awarded $5 billion retail Credit Fund. We have built a disciplined investment strategy and continue to deliver outstanding returns for all of our investors." Approximately 88% of the transaction was placed with institutional, real-money investors across the structure. Investors to the structure participated from Europe, USA and Asia, together with domestic Australian domiciled institutions. The Arranger of the deal was Macquarie Bank, while Joint Lead Managers included the Commonwealth Bank of Australia, National Australia Bank, The Hongkong and Shanghai Banking Corporation, Macquarie Bank, Natixis and Citi. Wells Fargo was a Co-Manager. La Trobe Financial will pay 120 basis points over the Bank Bill Swap Rate (BBSW) on $281 million of A1S notes, which have a weighted average life of 0.70 years. Pricing on $593 million of A1L notes, which have a weighted average life of 3.20 years, was 195 basis points over BBSW. Pricing on $235 million of A2 notes, which have a weighted average life of 3.20 years was 275 basis points over BBSW. About La Trobe Financial With A$11 billion of assets under management, La Trobe Financial is one of Australia’s leading diversified wealth managers specialising in credit. La Trobe Financial has provided funding and investment solutions to a diverse range of 150,000 customers since 1952. It is 80% owned by Blackstone, the world’s largest alternative asset manager with over US$538 billion of assets under management worldwide. La Trobe Financial is a proven and trusted investment partner for institutional and retail investors alike, operating Australia’s largest retail Credit Fund with $5 billion of assets under management and 45,000 retail investors. La Trobe Financial is regulated by the Australian Securities & Investments Commission (ASIC) and holds the requisite regulatory AFSL and ACL licences to operate and place RMBS issuances. For further details please visit our website www.latrobefinancial.com. Media enquires: Martin Barry, Chief Treasurer & Strategy Officer +61 478 184 981 Richard Parry, Head of Group Portfolio Management +61 8610 2847 Bridget Crowe, Head of Corporate Affairs & Marketing +61 431 319 705 Caterina Nesci, Head of Foundation & Product Marketing +61 422 270 474 Classic Funding Group and Cashflow Finance, owned by CML will continue to operate independently supporting the SME community with funding solutions 2020-05-13T06:05:52Z classic-funding-group-and-cashflow-finance-owned-by-cml-will-continue-to-operate-independently-supporting-the-sme-community-with-funding-solutions CML Group is a market-leading provider of debtor, equipment and trade finance to Australian SME’s trading through the Cashflow Finance and Classic Funding Group brands. Over recent months CML Group (ASX:CGR) has been the subject of a takeover offer from Affinity-owned Scottish Pacific Group Limited (ScotPac) via a Scheme of Arrangement.  Today we announced to the ASX that the proposed acquisition by ScotPac would not be proceeding. The Scheme Implementation Deed, which set out the key terms of the arrangement has been terminated by mutual agreement, and the parties are released of their obligations.   Whilst CML Board and management are disappointed the transaction is not proceeding, Chairman Greg Riley said: “The agreement reached to terminate the transaction was made in the best interests of the company and shareholders and we are confident that CML has a strong future as an independent company.”  Daniel Riley CML Group’s CEO said, “Throughout this period of corporate activity we have maintained our strong focus on the ongoing performance of CML Group and its businesses, especially given the impact of COVID-19 on the economy. CML provides robust forms of secured lending that assist businesses in all stages of their life cycle. CML continues to be in a position to support Australia’s SME community and financial intermediaries with a competitive choice of funding options, at a time when many are struggling to secure appropriate capital funding due to the Covid-19 pandemic. CML, through our trading divisions Cashflow Finance and Classic Funding Group, provide financial support to over 5,000 Australian small businesses and we are delighted to be able to continue to do so without disruption. Over the past few months, we have successfully partnered with our clients providing them with enhanced funding solutions to support them in navigating through the current challenging market conditions.” Retailers must accept cash or axe card fees 2020-05-12T00:27:38Z retailers-must-accept-cash-or-axe-card-fees Retailers told: Accept cash or axe card fees   Retailers and merchants must provide a fee-free way for Australians to pay for goods and services, says the Reserve Bank of Australia. Cash is the most popular fee-free form of payment. The Reserve Bank of Australia’s head of payments policy Tony Richards told the Sunday Herald Sun this week that: “Merchants have to accept some form of payment that is not surcharged - they can’t surcharge all payment methods. “Paying by cash is generally the way to avoid a surcharge,” Tony Richards told the Sunday Herald Sun. Some retailers are encouraging customers to avoid cash because of fears over the transmission of COVID-19. However, cash has not been linked to any COVID-19 cases. “Cash is surcharge-free and essential for our economy,” said Tim Wildash, chief executive of Next Payments, Australia’s leading independent ATM supplier. “Card companies are raking in billions of dollars in fees and charges from cashless payments. Fear of COVID-19 should not be used to increase profits while the world fights this invisible enemy. “Cash is safe, free of hidden fees and needs to be widely accepted by retailers to ensure that all Australians can meaningfully participate in the economy,” said Tim Wildash. “And, importantly, cash does not suffer from the regular ‘outages’ that impact online banking systems and EFTPOS networks. Next Payments has issued advice to ATM owners and venue operators about how to ensure their cash machines remain clean and disease free. In contrast, EFTPOS terminals can be touched by hundreds of shoppers per day to make card transactions, to enter their PIN if required and select their account. “Coronavirus panic must not lead to shops and businesses refusing to accept cash, which is safe, flexible and private,” said Tim Wildash. “I’m concerned that large card companies and banks are profiting from fear of this coronavirus.” For more comments or interview, contact: Tim Wildash - 0418 336 599 / twildash@nextpayments.com.au Jason Bryce, Journalist – 0428 777 727 / media@nextpayments.com.au Australians reject businesses that reject cash 2020-05-07T05:55:44Z australians-reject-businesses-that-reject-cash   AUSTRALIANS are avoiding businesses that reject casH   7 May 2020:   Australians believe cash is safe and a reliable form of payment during COVID-19, according to new research.   More than one third of survey respondents avoid businesses that do not accept cash payments according to the Next Payments Consumer Sentiment Survey on Payment Preferences.   Key findings from the survey of Australians’ sentiments on payment preference are: ·         More than 90% want freedom of choice to pay for goods and services with cash. ·         77% consider it unfair that some businesses do not accept cash. ·         66% are concerned at hidden fees associated with card payments.   ·         59% consider cash payments surcharge free at point of purchase.   ·         37% of survey respondents avoid businesses that do not accept cash.   ·         Nearly half consider paying with cash to be safer and cleaner than paying with cards.   ·         72% consider cash to be the most reliable form of payment.   ·         More than half of Australians consider it easier to budget with cash.   Next Payments CEO Tim Wildash said that while COVID-19 is disrupting businesses and lifestyles, cash is safe, secure and remains key to economic stability.   “Australians say cash is safe, preferred and by far the most reliable payment method,” said Mr Wildash.   “Our research shows that businesses that reject cash are losing customers. Customers do not want to pay hidden fees on card payments. There are no hidden fees or surcharges at point of purchase with cash. In a difficult trading environment, businesses need to do everything they can to keep and win over more customers. In this instance, business success means accepting and encouraging customers that pay with cash.”   “The Royal Australian Mint, the World Health Organisation, the Reserve Bank of New Zealand and many medical experts conclude there is no connection between cash and the spread of COVID-19. Our research shows that Australians agree,” Mr Wildash said.   For more information or interview, contact Tim Wildash, Chief Executive Officer Next Payments – m. 0418 336 599 Business-led recovery supported by private capital 2020-05-06T21:51:17Z business-led-recovery-supported-by-private-capital   Executive Director of NZ Private Capital, Colin McKinnon, says “Some funds moved early before the lockdown, to boost cash reserves for key companies in their portfolios. These funds have capital available to support their existing shareholdings and add new investments.”   New Zealand’s private equity and venture capital funds have 10-year horizons that enable them to invest through economic cycles and periods of financial shock.   It is not just money that private capital investors offer - investors offer a range of skills and disciplines to complement and support a company so that opportunities are maximised.   Colin McKinnon adds: “The economic recovery is expected to be challenging for everyone. However, it is likely that business growth will lead the re-opening of the NZ economy. NZ private capital investors will play their part backing business owners prepared to risk their own capital, to start new ventures or expand sustainable businesses.”   NZ Private Capital is a not-for-profit industry association committed to developing the venture capital and private equity industry in New Zealand. Its core objectives include the promotion of the industry and the asset class and to develop a world-leading venture capital and private equity environment for the benefit of investors and entrepreneurs in New Zealand.   New Zealand Private Capital aims to foster understanding that private equity and venture capital firms accelerate the ambition of New Zealand business owners through operational improvement and investment performance.   New Zealand is home to many examples of private capital partnering with companies to improve growth and performance, to share expertise and capital. This ultimately delivers improved productivity, creates jobs and contributes to the national economy.   Association members include venture capital and private equity investors, financial organisations, professional advisors, academic organisations and government or quasi-government agencies.   Its activities cover the spectrum of investment in New Zealand private capital including Angel investment, seed and early-stage venture capital through to expansion capital and private equity (including management buy-outs and buy-ins).   The association also helps businesses navigate and understand the Private Equity and Venture Capital world. Markets and growth require the free flow of capital and the association provides an important role in linking business owners with investors.   ENDS Up to 50% of Australians don't have a legal Will 2020-05-06T04:28:13Z up-to-50-of-australians-don-t-have-a-legal-will May 2020: Up to 50% of Australians do not have a Will. This means that they aren't prepared to take care of their families and legacies after they're gone. It's in the "too hard" basket. Working with a lawyer to prepare a Will can cost up to $3,000 - and not having one in place could cost their loved ones thousands more in fees and administration.  Without a Will, your assets are divided by the state according to the closeness of your relations, or where none may be found, the estate can be taken by the government.  Having a will in place is the only way of ensuring that your assets are taken care of in accordance with your plans and wishes, and provides a legal option for securing your beneficiaries and managing distribution.  Willed is a platform that empowers every Australian to create a Will in under 20 minutes, building and managing it through an online portal designed to streamline and simplify the experience. Users can nominate their executor and their beneficiaries and divide their assets without any friction or complications. For Mum Nastassja Kuran, making a Will has been on her mind for years, knowing it would make a difference to her family’s future.  “I've wanted to complete my Will for about three years - after my daughter was born I thought it was really important to have a Will in place, but I just kept putting it at the bottom of my list and the back of my mind because I just thought it was all too hard and expensive and it's just not something that I was prioritising.” “When I heard about Willed, I knew that I wanted to look into it because it seemed so simple. After I actually went and started diving into the process, it was super clear super and it just talked me through the steps, and it was literally done in 20 minutes.” “Now that my will is complete, I feel a sense of relief, I feel like this thing that I have to do isn't hanging over my head anymore. I feel like future and the future of my family and my children is secure and I really feel good about having done this.“ Aaron Zelman, CEO of Willed, said that the mission and technology of the platform was focused on helping Australians think about what comes next and become more organised.    “Our goal is to help every Australian to prepare a Will, and look after what matters the most to them, whether it’s causes and charities they want to continue to support, whether it’s their kids and loved ones, or whether it’s their family pet,” he said.    “When you pass away without a Will in this country, it can be a hugely complicated matter, leaving the people closest to you scrambling to deal with legal fallout and coordinate with the state to distribute your assets, at a time when they’re already dealing with so much stress; we want to solve that problem, and to do it with sensitivity and care.” Willed is serviced and supported by Vault Legal, ensuring that the platform and the documentation produced through it are legally vetted and verified.  About Willed Willed is a platform that empowers every Australian to create a Will in under 20 minutes, building and managing it through an online portal designed to streamline and simplify the experience. Users can nominate their executor and their beneficiaries and divide their assets without any friction or complications.   About Aaron Zelman Aaron Zelman is the founder of Willed, a platform for building better Wills that allows every Australian to look after their legacy. As a life insurance advisor, Aaron has worked diligently to improve professionalism in his industry, and has made educating clients and providing them with a streamlined, friendly and authentic experience a high priority over anything resembling sales tactics. Aaron’s unique approach has won him profiles and references in Money Management, Sydney Morning Herald, Risk Info and IFA Magazine, and has seen him win Risk Adviser of the Year awards multiple times and host industry forums with representatives from ASIC and Life Insurance company CEOs alike, among other distinctions in the field.  ROBERT "Rich Dad Poor Dad" KIYOSAKI, HARRY DENT & MARTIN NORTH LIVE ACROSS AUSTRALIA 2020-05-05T00:21:22Z robert-rich-dad-poor-dad-kiyosaki-harry-dent-amp-martin-north-live-across-australia ROBERT "Rich Dad Poor Dad" KIYOSAKI, HARRY DENT & MARTIN NORTH LIVE ACROSS AUSTRALIA # THIS IS THE DEPRESSION AUSTRALIA HAD TO HAVE # MASSIVE BANKRUPTCIES COMING ACROSS AUSTRALIA # AUSTRALIAN UNEMPLOYMENT TO QUADRUPLE # AUSTRALIAN PROPERTY PRICES TO CRASH BY 40 TO 50%   Best-selling author and Harvard economist Harry Dent will host a free online conference on Sunday 24th May 2020 with guest speakers world-renowned bestselling author of Rich Dad Poor Dad and personal finance expert Robert Kiyosaki, and expert Australian property analyst Martin North to discuss massive global unemployment, crashing stock markets, plummeting property prices and bankruptcies and the opportunity of a lifetime in the next 12 months to make generational wealth. Register for free at harrydent.com.au TO INTERVIEW HARRY DENT, ROBERT KIYOSAKI & MARTIN NORTH email  max@marksonsparks.com or call Max Markson on 0412 501 601 The discussion with the investment experts will reveal insights based on real research that can't be found anywhere else as well as provide the answers to how to make extreme profits from the current global crisis. Harry Dent says "central banks and governments have stimulated the economy so much that the entire world is on the brink of a 1930's style meltdown. They have literally printed trillions and trillions of dollars and along with the Australian Government's multibillion dollar stimulus package have created a property and mortgage bubble that combined with increased unemployment will be the catalyst for massive bankruptcies. This is a 2 year melt down between late 2020 and late 2022 and nothing can stop it. " Martin North says " Property in Australia will fall at worse by 40-50% ...and at best 20-40%. Perth is already down 20% and will fall another 10%. Adelaide and Tasmania will fall by 30%. Sydney and Melbourne units will fall by 40%, homes in the inner rim suburbs less so and in the outer edges by 40%. Brisbane by 25-30% because they have not quite had the mortgage stress while the Gold Coast will be worse than Brisbane AND are in for another bath like when Keating was PM in the 90's. I think the economic conditions are the worse I have ever seen in my life. I am frustrated, annoyed and cross that those in power can't see it .The Reserve Bank doesn't care about how much debt we're in. They don't have a plan. We have no migration. No new buyers coming into the country, mortgage stress has gone from 32% to 38% since Covid-19 and will be 47% by August. In the last 8 weeks unemployment has officially doubled from 5% to 10%  and unofficially Goldman Sachs estimate its now 19.2%. It's not just an economic crisis we are facing it's a social and economic crisis that is unprecedented in Australia in modern times." Harry Dent, author of the forthcoming book, The Greatest Financial Con of All Time, will explain in detail why Covid-19 is simply the perfect trigger for the depression that Australia and the world had to have and why global stock prices are headed down 80%+ and real estate down 40%-50%, similar to Martin North... and why China is the epicenter of this global bubble and Australia finally gets hit full-on this time. Robert Kiyosaki, author of his latest book, Fake, will bring his wealth of knowledge and experience as the founder of Rich Global LLC and the Rich Dad Company as to why the best route to wealth is starting your own business especially in this crisis. Martin North will delve in deeper around his opinion that he discussed on 60 minutes that Australia is in the early stages of the worst social and economic crisis ever seen. The first 1,000 registrants will get free registration and the chance to gain the research-based, expert information needed to prepare, protect and potentially profit from one of the biggest profit opportunities in a century, what Harry Dent calls "The Sale of a Lifetime." To secure a free seat at this unique one day live stream event register at harrydent.com.au TO INTERVIEW HARRY DENT, ROBERT KIYOSAKI AND MARTIN NORTH email  max@marksonsparks.com or call Max Markson on 0412 501 601   Consumers engulfed in coronavirus ‘circle of fear’ turn to depleted & wounded ranks of planners for help 2020-04-27T03:18:21Z consumers-engulfed-in-coronavirus-circle-of-fear-turn-to-depleted-amp-wounded-ranks-of-planners-for-help As the flattening of the corona virus curve slowly inches downwards and a glimmer of hope appears on the horizon, it’s appropriate to reflect on the myriad of issues and lessons derived so far from the pandemic, in particular the lack of recognition that is afforded to the role of financial planners.    With the ranks mercilessly depleted by two decades of unprecedented reforms – and many wounded financially and/or battling deep mental health issues, it’s been the planners that have stoically been at the front line helping consumers and clients engulfed by fear.    Fear that literally erupted as the enormity of the coronavirus pandemic engulfed the nation resulting in consumer confidence being smashed to the lowest on record according to Westpac’s recently released survey, by the resultant share and property market downturns.    Savings, jobs, businesses, retirement plans and property values were washed away as the tsunami of economic terror and realisation grew in intensity that evolved into a ‘Circle of Fear’ that overwhelmed the populace from young to old.    Fear of contracting the virus or dying from infection was soon compounded by fear of being unemployed and resultant financial hardship.  Fear of losing the family home; fear of falling living standards; fear of isolation and loneliness at home for months; fear of being detached from family and friends; fear of not finding employment or able to reopen once viable businesses; fear by children that an embrace could kill an elderly grandparent or relative!   From the onset of the coronavirus, planners have quite literally been inundated with an unprecedented volume of calls from clients and consumers as they dealt with both the emotional and financial consequences of unemployment and lost value of investments and savings.   However, cost has made access to affordable financial advice prohibitive and out of reach of the very Australians most greatly affected.  To assist clients and consumers, many planners and their businesses are wearing many of the charges.  In fact, I know a number of very dedicated individuals that have been working for less than $10 per hour before this pandemic!   In addition, planners who normally work long days, have been asked to double their efforts working even longer days, and through weekends in order to deal with the increased volume of calls and enquiries.      The folly of the regulators two-decade approach to unrelenting reform that believed there was a ‘one size fits all’ solution has been exposed.  The fallacy that more scrutiny, administration and compliance would herald a ‘new golden age’ of advice has only served to hasten the demise of the sector that culminated with the Hayne Royal Commission that proved even the institutions with all their resources and funds could not comply.   Above all, the coronavirus has been the ‘black swan’ event that has revealed the gaps and monumental shortcomings of the current financial service system.  At a time when professional financial advice has never been more important or needed by so many Australian consumers in desperate need, it is unaffordable and worse, there simply aren’t enough practitioners.   Yet another ‘black swan’ is the concern about liquidity and ability of superannuation funds to handle in excess of 700,000 applications for earlier release.  Had there been more planners, they could have provided much needed advice and support that would have been of immeasurable value to both the members and super funds.   If this perfect storm couldn’t get any worse, a recent industry survey predicted 2020 would see a record number of practitioners exit the industry fatigued by two decades of structural reform, the value of practices plummeting and prospects of even more reform to come.  Exhausted and many battling significant mental health distress, is it any wonder that capable planners have had enough and are choosing retirement.   The coronavirus pandemic and resultant ‘black swan’ events have provided regulators, industry and stakeholders an opportunity to pause, reflect and take stock of what has occurred and the lessons contained therein.   I note with interest the manner in which a great portion of our politicians are acknowledging new insights on previously long held views, and even mistakes that have been made in past years in other key industries.  Decisions that have been proven under the litmus test of a ‘black swan’ event, which shows favour to none, to be detrimental to the interests and wellbeing of the nation.    While time is still on our side, I call on the federal government to undertake a review of financial services looking through the lens of a perfectly imperfect world.  To back test the real impact of reform that has failed so appalling when it was needed most in the context of ensuring a strong viable financial services industry and affordable advice is available to all Australians.   Finally, to take steps immediately to limit the risk of losing more professional planners from the ranks of an industry that needs them so desperately at this time of need and in the future. ENDS   Issued by Barry J Daniels                  Media enquiries       Mr. Joe Perri, Joe Perri & Associates Pty Ltd Mob:  +61 412 112 545  Email:  jperri@joeperri.com.au Cash is safer than EFTPOS says Royal Australian Mint 2020-04-22T00:55:54Z cash-is-safer-than-eftpos-says-royal-australian-mint MEDIA RELEASE WEDNESDAY 22 APRIL 2020 Cash is safer than EFTPOS   Last week (4/4/20) the Royal Australian Mint published a report stating: “Scientific evidence suggests that the probability of transmission via banknotes is low when compared with other frequently-touched objects, such as credit card terminals or PIN pads.” Plastic cards (like credit cards and EFTPOS cards) also are more likely to carry viruses than banknotes, said the Mint’s report. “ATM cash is sanitised with ultra-violet light, disinfectant sprays and stored for 24 – 48 hours to ensure it is free of contamination,” said Tim Wildash, chief executive of Next Payments, Australia’s leading independent ATM supplier. “By contrast, EFTPOS terminals can be used by hundreds of shoppers per day to make card transactions, to enter their PIN if required and select their account. “I welcome the Mint’s report confirming cash is safe because our great cash economy is under threat. “Coronavirus panic must not lead to shops and businesses refusing to accept cash. Cash is safe, flexible, private and does not have regular ‘outages’ like bank EFTPOS systems,” said Tim Wildash. “There is no evidence of Cash spreading COVID-19, this has been confirmed by the World Health Organization, the RBA and now the Australian Mint. “I’m concerned that large card companies and banks are profiting through hidden fees, from the public’s fear of Coronavirus.   For more comments or interview, contact:  Tim Wildash - 0418 336 599 / twildash@nextpayments.com.au Chief Executive Officer Next Payments Jason Bryce, Journalist 0428 777 727 jasonbryce@hotmail.com NZ Private Capital supports tax change for start-ups 2020-04-16T23:01:19Z nz-private-capital-supports-tax-change-for-start-ups   NZ Private Capital is pleased to have supported one of the tax-related Covid-19 measures announced by the Government this week. The changes to the tax loss continuity rules is good news for SMEs and start-up businesses.   NZ Private Capital has long advocated changes to tax loss continuity rules to make it easier for firms to raise new capital without losing the tax benefit of their existing losses. This is a useful initiative particularly for start-up companies if the new rules apply to historic losses, not just to new losses.   NZ Private Capital has been pushing for this “same business test” for a few years in collaboration with the Angel Association, BusinessNZ and the Corporate Taxpayers Group. We are grateful to Russell McVeagh who advised the group and led discussions with officials.   NZ Private Capital is a not-for-profit industry association committed to developing the venture capital and private equity industry in New Zealand. Its core objectives include the promotion of the industry and the asset class and to develop a world-leading venture capital and private equity environment for the benefit of investors and entrepreneurs in New Zealand. New Zealand Private Capital aims to foster understanding that private equity and venture capital firms accelerate the ambition of New Zealand business owners through operational improvement and investment performance.   New Zealand is home to many examples of private capital partnering with companies to improve growth and performance, to share expertise and capital. This ultimately delivers improved productivity, creates jobs and contributes to the national economy. Association members include venture capital and private equity investors, financial organisations, professional advisors, academic organisations and government or quasi-government agencies.   Its activities cover the spectrum of investment in New Zealand private capital including Angel investment, seed and early-stage venture capital through to expansion capital and private equity (including management buy-outs and buy-ins). The association also helps businesses navigate and understand the Private Equity and Venture Capital world. Markets and growth require the free flow of capital and the association provides an important role in linking business owners with investors.   ENDS