The PRWIRE Press Releases https:// 2010-09-06T03:01:23Z RESERVE BANK: WEAK CASE FOR RATE RISE 2010-09-06T03:01:23Z reserve-bank-weak-case-for-rate-rise The three successive interest rate increases in the first half of this year are still flowing through the economy, accordingtoaccountancyfirm Chan&Naylor. “The housing sector has cooled and inflation is modest at 3.1 per cent. Much of the world remains in economic crisis, so it suggests the Australian economy is exceptionally well placed,” said Sal Carrero,ChiefExecutive, Chan&Naylor. “In our view further increases to the cash-rate would be unwarranted in an environment where the housing market and inflation are both subdued. Any rate increase would also added unnecessary hardship to the many small to medium business owners who are suffering the double impact of subdued activity and relatively high interest rates compared to the majority of borrowers. Mr Carrero said weekend auction clearance rates have indicated for several months that housing is more subdued than earlier in the year. The main risk factor in the Australian economy has been unsustainable increases in house prices and this is largely under-control and falls in line with the long term cycle,” Mr Carrero. Mr Carrero said that the inflationary pressures in the housing sector are in the rental market and are a product of poor urban planning and land release strategies. “The growth in rental prices reflects high market demand and points to broader problems with the planning system. We’re simply not building enough houses. “The solution to rental shortages is a combined approach of urban consolidation and the strategic release of land accompanied by appropriate provision of essential infrastructure,” Mr Carrero concluded. CHAN & NAYLOR RELEASES E-BOOKS 2010-09-02T02:03:16Z chan-amp-naylor-releases-e-books Best-selling wealth creation books by Tony Melvin and Ed Chan are now available as E-Books on Amazon.com “These books provide a roadmap towards wealth creation, financial independence and security,”saidSalCarrero,ChiefExecutive, Chan&Naylor. The popular titles How to Legally Reduce Your Tax, How to Buy Property With Your Super Money and How to Achieve Wealth For Life will be launched as E-Books by Harper Collins today. “The E-Books provide expert advice in a style which is easy to read, while providing a call to action for those people who may be unsure of how to take control of their financial future,” Mr Carrero said. “These interactive and easy to use E-Books will allow readers to tag content of special interest to them and highlight the strategies that best suit them. The books challenge conventional wisdom of wealth creation and provide the foundations for achieving financial freedom including: Why you should never pay off your home loan Why the size of your asset base matters Why rental returns aren’t important How to survive rising interest rates How to use your super to buy residential property Proper structuring for investment through companies and trusts The seven types of trusts and how to use them How to protect your assets from lawsuits, taxes and creditors Pass on your wealth onto your children and protect it for generations How to protect your business assets The E-Books are today available for purchase through www.amazon.com ENDS. CHAN & NAYLOR CALLS FOR SMALL BUSINESS TAX RELIEF 2010-09-02T01:59:36Z chan-amp-naylor-calls-for-small-business-tax-relief Chan & Naylor has called on the next Federal Government to provide more tax relief for small business and sole traders. “The election saw promises to cut the corporate tax rate, but there was little on offer for small businesses operating outside a company structure,” said Ken Raiss, Director, Chan & Naylor. “These businesses are further disadvantaged over big business as they need to fund their working capital at marginal tax rates, unlike company structures which can effectively save the tax paid via the franking credits. These small businesses pay the tax and lose it forever,” Mr Raiss said. “Many small businesses are sole-traders, operate through trusts, or are self-employed, so they don’t trade as incorporated companies. They’re excluded from the tax breaks that were proposed by both major parties. Mr Raiss said sole traders and trusts are a type of business entity where there is no relationship back to a company structure, which means that individual tax rates apply. It’s disappointing that there has not been more promised in the way of tax relief for small businesses which fall outside the company structure. Labor has promised to drop the company taxrate, currently set at a rate of 30 per cent, by one percentage point if elected. The Coalition has promised to reduce it by 1.5 per cent, but at the same time increase it by the same amount for the 3,200 biggest companies to fund paid parental leave. Small business tax expert Ken Raiss said that with the debate focused on the top-end of corporate Australia, small and family enterprises had been left behind. “Of greater concern is the fact that the competitive position of big business is increased at the expense of small business who operate differently when it comes to working capital,” Mr Raiss concluded. AUSTRALIAN PROPERTY MARKET 101- RIDING THE PROPERTY WAVE 2010-08-25T04:30:19Z australian-property-market-101-riding-the-property-wave If asset protection, trusts, loan strategies and tax planning are all words that leave you with more questions than answers, visit the Sydney Masonic Centre this Saturday, 28 August 2010 where experts from leading accounting firm, Chan & Naylor will present at a seminar called Understand What’s Really Happening to our Property Markets. Chan & Naylor’s Chairman, Ed Chan and Director, Ken Raiss will help you take advantage of the latest property trends by identifying opportunities to kickstart your wealth creation in the property sector. Highly acclaimed author and property strategist Michael Yardney will provide unbiased expert knowledge to get you into the right mindset to start growing your investment portfolio. Chan & Naylor is an industry leader specialising in property investment, asset protection small business, superannuation, accounting and taxation. Ed Chan is also the co-author of Australian best selling business books: ‘How to Legally Reduce Your Tax,’ ‘Wealth for Life’ and ‘How to Buy Property with your Super Money.’ What: Understand what’s really happening to our property markets When: Saturday, 28 August 2010 Where: The Sydney Masonic Centre, Banquet Hall, SMC Conference & Function Centre, 66 Goulburn Street, Sydney NSW 2000 Time: 8:15am registration and 9:00am start; finish at 5:30pm Understand what’s really happening to our property markets seminarsare a national initiative. For further details or toregisterin your capital city, please visit the website: http://www.kickstartcart.com/app/?Clk=3815097 Availability for Comment: Ken Raiss, Director, Chan & Naylor Accounting Firm To arrange an interview with Chan & Naylor, contact Justine Taylor, WilkinsonGroup, 0422 663 066 CHAN & NAYLOR WELCOMES RATES DECISION 2010-08-03T06:16:48Z chan-amp-naylor-welcomes-rates-decision The decision by the Reserve Bank to keep interest rates on hold has been welcomed by accountancyfirm Chan&Naylor. “Feedback from our clients indicates that the economy is nowhere near overheating. In our view another interest rate hike at this point could not be justified,” said Sal Carrero, Chief Executive, Chan & Naylor. “In an election period there is already considerable uncertainty and business decision-making is often put on hold. The last thing the economy needs in an election environment is an increase rate increase.” Chan & Naylor, which represents 8,000property investor clients, said that there were already signs that the housing market was slowing. “There remains considerable caution among our clients when it comes to further investment. House price falls and softening auction clearance rates suggest that previous increases to interest rates are still to take full effect. “There remains no evidence that inflation is a threat and the global economic environment means that the wait and see approach is the only one which should be contemplated,” Mr Carrero concluded. ENDS. Cooper Review: Self Managed Super Shake-up 2010-07-08T04:31:46Z cooper-review-self-managed-super-shake-up National accounting firm Chan & Naylor says the long-awaited Cooper Review will deliver a major shake-up to Self Managed Super Funds (SMSF). “The recommendations will promote best practice standards and should be welcomed by the accounting industry,” said Ken Raiss, Director, Chan & Naylor. Mr Raiss outlined key SMSF recommendations arising from the Cooper Review: Advisers to SMSF trustees will need to meet higher professional, competency and accreditation standards. The use of leverage by SMSF trustees to acquire property will remain in place and closely monitored by government. Insurance should be part of a fund’s investment strategy in the event of death, disability or temporary incapacity. Increase in the amount of SMSF statistical data captured by the Tax Office. All end of year valuations by the SMSF trustee should be at market value. “As accountants we are continuously working to ensure our clients receive the best ethical, practical and commercial advice. The Cooper recommendations will improve industry standards across the board,” Mr Raiss said. “We will continue to work with industry leaders to ensure our clients receive best practice self managed superannuation advice. “As part of this commitment we developed the Chan & Naylor Enduring Family Superannuation Fund to address major deficiencies in commonly used SMSF documentation,” Mr Raiss concluded. ENDS. Media Contact: Justine Taylor, Wilkinson Group, 0422 66 30 66 HOMESAFE SOLUTIONS JOINS EQUITY RELEASE PEAK BODY 2010-03-15T00:14:52Z homesafe-solutions-joins-equity-release-peak-body Homesafe Solutions has become the newest member of the senior’s equity release industry body, SEQUAL. “Over the past five years we have worked with our industry peers to advance growth in the sector, but this relationship takes that cooperation to a new level,” said Peter Szabo, Managing Director of Homesafe Solutions. “We’re committed to working with the industry to provide senior Australians with more choices in funding a dignified retirement,” Mr Szabo said. Mr Szabo said that unlike the products offered by other members of SEQUAL – which are reverse mortgages – Homesafe Solutions’ Debt Free Equity Release product is not a reverse mortgage but involves the sale of a share of the future sales proceeds of the home for an upfront cash sum. “With Homesafe Debt Free Equity Release the retiree homeowner has the certainty that they will always, at a minimum, retain the share of the sales proceeds of their home they have not sold. “Our membership of SEQUAL signifies the ongoing development of the equity release market in Australia. Mr Szabo said he looks forward to working with SEQUAL and its members on common objectives including: Educating senior Australians about the opportunity to use their family home as a source of sustainable retirement income; Highlighting the public-policy challenge of how to fund Baby Boomers into retirement while maintaining high quality of life and healthcare standards for all senior Australians; Supporting senior Australians in their desire to stay in the family home while enjoying the benefits of an independent retirement income. Chief Executive of SEQUAL, Kevin Conlon, said that there is good reason for senior Australians to explore the options provided through equity release in order to meet the challenge of funding their retirement. Media Enquiries: Justine Taylor 0422 663 066 Homesafe Solutions is the major provider of Debt Free Equity Release products. For more information about Homesafe Solutions product visit www.homesafesolutions.com.au or call 1300 725 750. Rate hike a reminder for consumers to shop around 2010-03-02T04:56:57Z rate-hike-a-reminder-for-consumers-to-shop-around Today’s interest rate increase is a reminder to mortgage holders to shop around if they are looking to refinance their home loan, according to the Mortgage and Finance Association of Australia. “Changes to the official interest rate can present an opportunity to borrowers to get a better deal,” said Phil Naylor, Chief Executive of the Mortgage and Finance Association of Australia (MFAA). “There are a whole range of factors above and beyond the interest rate which can determine whether a home loan suits your circumstances. “Consumers should remember that what was the most suitable mortgage 12 months ago is not necessarily the most suitable mortgage now. “All lenders are competing for your business and mortgage brokers are best placed to find you the right loan from a range of lenders. Mr Naylor has urged mortgage holders to seek advice from an MFAA accredited mortgage broker if they were looking to refinance or get a better deal from their lender. “There is considerable potential to save money through refinancing and the best we to shop around is through an MFAA accredited mortgage broker,” Mr Naylor said. ENDS. For further information phone: Nick Davy, Wilkinson PR, 0447 637 807 Master Builders Seminar in Devonport 2010-02-24T01:24:25Z master-builders-seminar-in-devonport By 2012, the Bass Strait will be the only thing standing between builders from Tasmania and the mainland following the implementation of a national licence scheme for builders. The projected national licensing system seeks to homogenise Australian building standards, encouraging inter-state projects and promoting new work opportunities for Tasmanian tradesmen. “In the advent of a national license, it is important for everyone in the industry to know where their qualifications stand on a nation wide scale,” said Dean Holmes, State Compliance and Qualification Coordinator, Master Builders Association of NSW. “This licensing scheme will eventually open up a number of opportunities in the Tasmanian building industry for new trades people as well as those who are already qualified.” The national licensing scheme will be discussed at the free Master Builders seminar hosted in Devonport on Wednesday 24th February for people interested in becoming a licensed builder or trade contractor. “There is no shortage of highly skilled Tasmanian tradespeople, but anyone who is yet to become licensed needs to know how this new licence will affect them,” Mr Holmes said. The free Master Builders seminar will provide invaluable information for everyone in the building industry to get the right qualifications for their trade. “The right qualifications can secure builders and tradespeople better pay and a level playing field for all, as well as opening up new business opportunities. “Consumers always prefer to deal with a licensed builder,” Mr Holmes said. The Master Builders seminar will provide valuable information in obtaining the right qualifications via the Recognition of Prior Learning (RPL) process and/or training. ENDS For Media Enquiries contact: Justine Taylor 0422 663 066 For more information visit www.masterbuilderstraining.com Master Builders Association of NSW is the leading building and construction industry association and is the only body which is representative of the entire industry. Master Builders has successfully established itself as a flexible, high quality provider of assessment and training qualification pathways for the building and construction industry. Federal Government pushes national licensing for 2012 2010-02-23T02:43:23Z federal-government-pushes-national-licensing-for-2012 MEDIA RELEASE 23 February 2010 Federal Government pushes national licensing for 2012 By 2012, the Bass Strait will be the only thing standing between builders from Tasmania and the mainland following the implementation of a national licence scheme for builders. The projected national licensing system seeks to homogenise Australian building standards, encouraging inter-state projects and promoting new work opportunities for Tasmanian tradesmen. “In the advent of a national license, it is important for everyone in the industry to know where their qualifications stand on a nation wide scale,” said Dean Holmes, State Compliance and Qualification Coordinator, Master Builders Association of NSW. “This licensing scheme will eventually open up a number of opportunities in the Tasmanian building industry for new trades people as well as those who are already qualified.” The national licensing scheme will be discussed at the free Master Builders seminar hosted in Hobart on Tuesday 23rd February for people interested in becoming a licensed builder or trade contractor. “There is no shortage of highly skilled Tasmanian tradespeople, but anyone who is yet to become licensed needs to know how this new licence will affect them,” Mr Holmes said. The free Master Builders seminar will provide invaluable information for everyone in the building industry to get the right qualifications for their trade. “The right qualifications can secure builders and tradespeople better pay and a level playing field for all, as well as opening up new business opportunities. “Consumers always prefer to deal with a licensed builder,” Mr Holmes said. The Master Builders seminar will provide valuable information in obtaining the right qualifications via the Recognition of Prior Learning (RPL) process and/or training. ENDS For Media Enquiries contact: Justine Taylor 0422 663 066 For more information visit www.masterbuilderstraining.com Master Builders Association of NSW is the leading building and construction industry association and is the only body which is representative of the entire industry. Master Builders has successfully established itself as a flexible, high quality provider of assessment and training qualification pathways for the building and construction industry. Rising home values a boost for retirees - Family home untapped source of retirement income 2010-01-29T06:15:00Z rising-home-values-a-boost-for-retirees-family-home-untapped-source-of-retirement-income RISING HOME VALUES A BOOST FOR RETIREES -FAMILY HOME UNTAPPED SOURCE OF RETIREMENT INCOME Seniors looking for a cash-boost in their retirement can draw comfort from increasing home values according to Homesafe Solutions. “Many homeowners don’t know they can unlock the equity in the family home without selling or going into debt,” said Peter Szabo, Managing Director of Homesafe Solutions. “Many retirees have been battered by the sharemarket over the past year, but for those with their own home, the silver-lining has been strong house price growth. Mr Szabo said that Homesafe Solutions Debt Free Equity release product can provide retirees with a much needed injection of cash, but unlike a reverse mortgage does not involve taking out a loan. “The family home is the largest asset for most retirees and equity release enables you to use it as a source of retirement income,” Mr Szabo said. Mr Szabo said that the family home is emerging as a very important source of retirement income thanks to equity release. “Equity release allows homeowners to stay in their own home during retirement, while providing a cash injection that can help fund their retirement lifestyle,” Mr Szabo said. Mr Szabo said that in exchange for an upfront cash payment, homeowners agree to sell a share of the future value of their home. ENDS. Media Enquiries: Nick Davy, Wilkinson PR, 0447 637 807 Homesafe Solutions is the major provider of Debt Free Equity Release products. For more information about Homesafe Solutions product visit www.homesafesolutions.com.au or call 1300 725 750. Mortgage brokers preferred choice of first time buyers 2010-01-27T04:27:36Z mortgage-brokers-preferred-choice-of-first-time-buyers Mortgage brokers preferred choice of first time buyers Banks continue to be the preferred source of home loans, but first time buyers are the most likely to use a mortgage broker, according to the latest Bankwest/Mortgage and Finance Association Home Finance (MFAA) Index. “While 26.2% of respondents used mortgage brokers as the source of their loan, this figure increases to 44.8% among respondents aged below 30 years,” said Phil Naylor, CEO, MFAA. “This may be due to a variety of factors, such as less established relationships with banks among young people,” Mr Naylor said. The MFAA/Bankwest Home Finance Index canvassed the opinion of 850 people on a range of issues relating to the economy and housing market. Mr Naylor said that strong competition between banks and mortgage brokers continues, with banks narrowing the gap when it comes to customer satisfaction. “Banks have adopted some of the strategies of mortgage brokers, and have placed a greater emphasis on personalised service and customer relationships,” Mr Naylor said. Mr Naylor said that the trend of banks adopting broker-style customer service sent a message to the broking industry that complacency is not an option. Satisfaction with mortgage brokers is now at 7.4 out of 10, with banks rating 7.1. Building societies continue to enjoy high levels of satisfaction with a ranking of 8.9 - followed by credit unions on 7.9. When asked about the benefits of using a mortgage broker, respondents had a variety of reasons: They do all the leg work for you (74.2%)They are experts in a range of mortgages from numerous lenders (69.2%)They have a wider loan range (68.8%). Head of Mortgages at Bankwest, Dean Gillespie, said that while first time buyers were more likely to intend to use brokers for their next loan (33.8%), this is not the case with second time buyers (25.0%) who may require less support. “There’s a perception that mortgage brokers can guide first time buyers to the right loan product, whereas more experienced buyers seem to be confident to deal with the bank direct,” Mr Gillespie said. Mr Gillespie said the survey found there was a greater awareness among consumers of the benefit of using an accredited mortgage broker. “Respondents increasingly think it is important to discover whether a mortgage broker is a member of an industry body before using them to arrange a loan (85.8%), continuing an upward trend from 72.3% in April 2008,” Mr Gillespie concluded. ENDS. For further information phone: Nick Davy, Wilkinson PR, 0447 637 807 Adrian Bradley, Bankwest, 0427 674 851 Progress your building career and earn more money with the right qualifications 2010-01-25T06:13:32Z progress-your-building-career-and-earn-more-money-with-the-right-qualifications MEDIA RELEASE Monday, 25 January 2010 Progress your building career and earn more money with the right qualifications Master Builders NSW is urging ethic workers in the building industry to consider getting formal trade qualifications to boost their career potential and earning capacity. “Qualified tradespeople and builders who are licensed have increased opportunities, greater career potential and better capacity to attract new business,” said Paul Lawrence, Training Manager, Master Builders. “Members of the Chinese, Korean, New Zealand and Arabic communities are particularly prevalent in the building industry in NSW. But due to a variety of factors many of these workers, while possessing the practical skills, lack the formal Australian qualifications accepted for licensing. Mr Lawrence said that as the property cycle returns to favour Sydney and NSW, unqualified tradespeople and skilled workers may miss out on the upturn in the building industry. “We want our industry to provide the greatest opportunities possible to skilled workers, which is why we believe that the right qualification and licensing is critical,” Mr Lawrence said. Mr Lawrence said that Master Builders has worked closely with ethnic communities for many years and will continue to work hard to represent their interests at an industry level. “We are dedicated to supporting ethnic workers in the building and construction industry to ensure that they are able to attain the qualifications they require to work ethically, business-like and make money. But we are also committed to educating the community so that they know their rights and responsibilities,” Mr Lawrence said. “Ethnic communities operating in the building industry are highly skilled and Master Builders is committed to ensuring the voice of these communities is heard by the government. “We have made some important inroads in educating ethnic workers in the building industry and will continue to work with the community to ensure they are listened to. “I would encourage unlicensed builders and tradespeople to contact Master Builders to find out how they can become qualified and licenced,” Mr Lawrence concluded. ENDS. Media contact: Justine Taylor, Wilkinson PR, 0422 663 066 Master Builders Association of NSW is the leading building and construction industry association and is the only industry body which is representative of the entire industry. The Master Builders has successfully established itself as a flexible, high quality, small volume provider of assessment and training for qualification pathways in the building and construction industry. UNQUALIFIED BUILDERS RISK MISSING OUT ON BOOM 2010-01-25T06:06:26Z unqualified-builders-risk-missing-out-on-boom MEDIA RELEASE Monday, 25 January 2009UNQUALIFIED BUILDERS RISK MISSING OUT ON BOOM Historically low interest rates, housing grants and the stimulus package have created a boom in the demand for qualified tradespeople, according to Master Builders Association (NSW). “This month we’ve seen how consumer confidence in Australia is now near its 2007 peak, which is good news for the building industry and tradespeople,” said Paul Lawrence, Training Manager, Master Builders Association (NSW)., However, Mr Lawrence warned that unqualified tradespeople risk missing out on the building boom that lies ahead. “There is no shortage of handymen and tradespeople who have the practical skills to be a builder, but are yet to complete the training to become fully licensed,” Mr Lawrence said. “I would urge unlicensed tradespeople to take the next step and undergo the training that will secure them better pay, conditions and open up new business opportunities. Consumers always prefer to deal with a licensed builder. Mr Lawrence said that unlicensed tradespeople and builders are particularly prevalent in ethnic communities, which leaves them open to potential exploitation and worse conditions than their licensed counterparts. “It’s no secret that many recently arrived immigrants are active in the building industry. We’d encourage them to consider becoming licensed, which lead to a range of new career opportunities,” Mr Lawrence said. “Having the right qualifications increases the earning potential of tradespeople and their ability to attract new business over the long term. Master Builders provides a range of seminars and training days to help people get the right qualifications for their trade. “Whether already a tradesperson, or new to the industry, Master Builders helps people get the right qualifications for your trade,” said Paul Lawrence. ENDS. Media Enquiries: Justine Taylor, Wilkinson PR, 0422 663 066 For more information about becoming a builder or contractor visit www.masterbuilderstraining.com Master Builders Association of NSW is the leading building and construction industry association and is the only body which is representative of the entire industry. Master Builders has successfully established itself as a flexible, high quality provider of assessment and training qualification pathways for the building and construction industry. NEWCASTLE SEMINAR: LEARN TO BECOME A BUILDER 2009-12-09T01:42:37Z newcastle-seminar-learn-to-become-a-builder NEWCASTLE SEMINAR: LEARN TO BECOME A BUILDER The Master Builders is tonight holding a seminar for Novocastrians who are considering becoming a licensed builder or contractor. “Whether you are already a tradesperson, or if you would like to become one, this seminar will help you get the right qualifications for your trade,” said Paul Lawrence, Training Manager, Master Builders. “The Newcastle building industry is in a strong position and there has never been a better time to consider becoming a licensed builder or contractor. “There is currently great opportunity in the building industry due to low interest rates, housing grants and the stimulus package,” Mr Lawrence said. Mr Lawrence said that the event will detail current job opportunities in the building industry, how to become a licensed sub-contractor and how to obtain NSW Full Builder License. “There are many tradespeople who practice their trade but do not have the relevant qualifications. The right qualifications can increase the earning potential of tradespeople and their ability to attract new business,” Mr Lawrence said. Guest Speakers will include rugby league legend Chris Anderson, who is the Master Builders Certificate III Coordinator. He is a former rugby league player and coach. Achieving success as a Kangaroos and New South Wales Blues representative winger, Chris Anderson later became a coach, taking Australia to World Cup victory. He coached both the Canterbury Bulldogs and Melbourne Storm to premiership wins.