IT IS TIME TO LEARN FROM PAST: GREENSPAN

IT IS TIME TO LEARN FROM PAST: GREENSPAN

ONE of world’s most vocal economists blames the critical state of the global economy on a failure to learn from past mistakes.

Former US Federal Reserve chairman Alan Greenspan criticises bail-out methods used to address the European debt crisis.

“You do not solve excess deficits by funding them. The long-standing culture of intra-Eu...

Read More...
MEMBERSHIP CLIMBS AT STATE'S FIRST MUTUAL BANK

MEMBERSHIP CLIMBS AT STATE'S FIRST MUTUAL BANK

A FORTITUDE Valley financial institution has become increasingly popular since securing bank status from regulatory authorities. QT Mutual Bank has expanded its membership and stable of financial products since the Australian Prudential Regulation Authority awarded it bank status in July 2011. The bank, previously known as Queensland Teachers...

Read More...
GOOD THINGS TO COME ON THE GOLD COAST

GOOD THINGS TO COME ON THE GOLD COAST

KPMG is the only ‘big four’ firm operating on the Gold Coast. The accountancy and audit business has diversified its client base to cater to mining services firms operating in the Bowen and Surat Basins. “It has been a difficult couple of years, particularly in construction, and retail which no-one really saw coming and is one ...

Read More...
STRONG FISCAL POSITION CAN BE TAKEN TO THE BANK

STRONG FISCAL POSITION CAN BE TAKEN TO THE BANK

SUNCORP has increased profit despite market uncertainty, natural disasters and rising reinsurance costs. Suncorp Group (SUN) has proven that its strong financial position can literally be taken to the bank. Group net profit after tax (NPAT) totalled $389 million, up 174.4 per cent from the prior corresponding period while revenue rose slightly t...

Read More...
AUSTRALIAN ECONOMY ROBUST BUT NOT IMMUNE

AUSTRALIAN ECONOMY ROBUST BUT NOT IMMUNE

WHAT affect will Europe’s debt crisis have on business in Australia in the next year? There is no doubt that the difficulties in Europe will continue to impact on Australian businesses. Not only will we face continuation of the slowdown and poor growth prospects in Europe impacting directly on our trade sector, but the volatility in Europe...

Read More...
INVESTMENT PICKS FROM HLB MANN JUDD

INVESTMENT PICKS FROM HLB MANN JUDD

CLOUDS of uncertainty are looming over the European and Chinese economies, but one financial adviser does not predict a disastrous year for Australia. The domestic market could worsen if Europe fails to curb its debt crisis by mid-year, however, HLB Mann Judd director Andrew Buchan (pictured) believes there is still a lot to be positive about. &...

Read More...
SUPER RETIREMENT REALITY

SUPER RETIREMENT REALITY

MORE than 262,000 Queensland baby boomers believe they won’t have enough super to allow them to live comfortably in retirement and will have to rely on the age pension to make ends meet. It follows a Suncorp Life survey of Queenslanders that revealed 54 per cent of people between 50 and 65 believe this to be true. Suncorp Life head of advi...

Read More...
GROWTH AFTER BATTLING NATURAL DISASTERS

GROWTH AFTER BATTLING NATURAL DISASTERS

AFTER a tough 12 months managing a spike in insurance claims from the natural disasters in Australia and New Zealand, Stream Group has achieved 260 per cent growth. CEO Don McKenzie (pictured) says building resources to meet the needs of his clients is key to the company’s future growth. “There have been a number of natural disa...

Read More...
WEALTHFARM ACQUIRES HOPE ISLAND ACCOUNTANCY

WEALTHFARM ACQUIRES HOPE ISLAND ACCOUNTANCY

WEALTHFARM Group has acquired a Hope Island accounting practice to capture a bigger slice of the Coast’s northern corridor market. Founder Nicholas Sinclair (pictured) acquired Brooks David S Chartered Accountant for $350,000 earlier this year and has added further scope to his business. “This small boutique business, which a broker ...

Read More...
CONFIDENCE DENT OR REALITY CHECK?

CONFIDENCE DENT OR REALITY CHECK?

INVESTORS must face reality and start selling their stocks and unnecessary real estate if they are to survive the next recession tipped for 2012, 2013, or 2014 at the latest, according to economic forecaster Harry Dent. Dent predicted the 2008 global financial crisis a decade before it occurred and says the boom bubble has well and truly burst, ...

Read More...
NEW BOQ CHIEF CONFIDENT OF CHALLENGES AHEAD

NEW BOQ CHIEF CONFIDENT OF CHALLENGES AHEAD

MEET the Bank of Queensland’s (BOQ) new million dollar man. The man appointed to replace David Liddy as chief executive at BOQ is confident that Australia and its banking system can continue to weather any global economic impacts. Stuart Grimshaw (pictured) will sign on for a base annual salary of $1.25 million (with bonus incentives) when...

Read More...
TWO-THIRDS OF BUSINESSES FAIL TO PAY BILLS

TWO-THIRDS OF BUSINESSES FAIL TO PAY BILLS

THE number of Australian firms paying their bills more than three months late has jumped 20 per cent while two-thirds are taking longer than the standard 30-day period to pay company accounts. A report by Dun & Bradstreet reveals startling evidence that an increasing number of businesses are feeling the pinch with national payment terms reac...

Read More...
STREAM STEAMS AHEAD

STREAM STEAMS AHEAD

A COMPANY that speeds up insurance claims and repairs for cyclone and flood-affected Queenslanders is on target to achieve record growth and annual revenue of $22 million this FY. Stream Group recently completed insurance job 35,600 for the year ending June 30. Founder Don McKenzie attributes the company’s success to service.

“W...

Read More...
PRIVATE COMPANY SLOG

PRIVATE COMPANY SLOG

MORE than half of the Queensland private companies surveyed in a KPMG annual Private Companies Survey indicated they had not met revenue targets in the past 12 months. In fact most of Australia’s private company participants were found to be more pessimistic about their short-term prospects than they were 12 months ago and more than 3...

Read More...
COLLAPSE OPENS DOOR FOR Q FORD

COLLAPSE OPENS DOOR FOR Q FORD

IN a bid to expand the company, Q Ford has purchased the Ebbw Vale Brisbane-based business and assets of Bremer Ford for an undisclosed sum.

Last month, Q Ford purchased the Suzuki dealership in Springwood, also for an undisclosed sum.

Denmac Ford, including three sites – its head office, sales, service and parts located in Darra, the othe...

Read More...
SHARE OWNERSHIP UP

SHARE OWNERSHIP UP

THE latest share ownership study released by the ASX shows around 7.3 million people, or 43 per cent of the adult Australian population, own shares directly or indirectly. The study found that individual investors holding shares directly has increased to 30 per cent of the adult population, up 25 per cent compared with the last study in 2008. In...

Read More...
MERGER FOR MONEY MEN

MERGER FOR MONEY MEN

FINANCIAL services firm Quill Group has merged with Brisbane accountancy practice Sims Crawford Elliot and Co. Quill Group managing director Kevin Nicol (pictured left with David Elliot) says merging with SCE means a second Brisbane office for the group, expanding Quill Group’s presence in South East Queensland. “We’re very ple...

Read More...
INSOLVENCY ACTIVITY FAR FROM OVER

INSOLVENCY ACTIVITY FAR FROM OVER

THE expansion of one of Sydney’s biggest insolvency law firms into Brisbane comes as a judicious warning for Queensland business owners that tough economic conditions are far from over.

Henry Davis York will consolidate its new Brisbane headquarters this month after identifying a likely rise in insolvency opportunities.

Managing partner Jo...

Read More...
WMS ACCOUNTED FOR AT THE ROCKET

WMS ACCOUNTED FOR AT THE ROCKET

FINANCIAL services firm WMS Solutions has taken a seven-year lease with options at Robina’s The Rocket.

The Gold Coast’s largest accountancy firm will move into a 1200sqm office space, comprising the entire 15th floor and most of the 14th floor from July 1.

WMS is the latest company to move into the building, following Allconnex, THG...

Read More...
BOQ DEFENDS ASIC ACTION

BOQ DEFENDS ASIC ACTION

BANK of Queensland (BOQ) is defending itself against an ASIC action and has its focus firmly on diversification after two more businesses were acquired last year. ASIC announced at the end of last year that it had lodged legal proceedings against parties, including BOQ, seeking compensation for investors caught up in the collapse of Storm Financ...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter