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Winter 2009



    A word from Daniel Minihan

    The past three months has seen a further fall in financial markets, followed by a very strong rally that saw U.S. markets produce their best monthly return since 1933. This rally was initially sparked by more optimistic outlooks from the major U.S. banks and was perpetuated by the release of the ‘Legacy Asset Program’ by the U.S. Treasury, which was generally well received.

    Economic commentary

    The global economy continued to deteriorate throughout the quarter leading the International Monetary Fund (IMF), World Bank and Organisation for Economic Co-operation and Development
    (OECD) to all forecast a global contraction this year.

    Bear market effect on income streams

    Recent investment market corrections around the world have left many investors wondering what impact it will have on their accumulated savings, given they have seen
    their portfolios fall in value by between 25 and 30 per cent since the beginning of the financial crisis.

    Federal Budget summary

    As widely expected, the Federal Budget delivered on 12 May 2009 contained a number of proposals aimed at stimulating the economy, protect jobs and fund the deficit.

    Centrelink’s Age Pension - are you eligible?

    While the thought of looking at the value of your wealth may not appeal in the current environment, there may be significant benefit in doing so. Why? The Centrelink Age Pension.

    Recognition of same-sex couples approved

    In November last year the Federal Parliament approved the removal of discrimination against same-sex couples from a wide range of Commonwealth laws.


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