Acquired Brain Injury (ABI)

  ABI is a term that is applied to any type of brain damage occurring after birth, and can include damage sustained from infection, disease, prolonged alcohol or drug abuse, lack of oxygen or even a blow to the head. Furthermore, it is more common than one would think.  According to the ABS, over 700,000 Australians have a brain injury that incurs daily activity limitations, and participation restrictions.  Frighteningly, of these 700,000, approx. 3 out 4 are aged 65 or younger, with almost two thirds of that being acquired before the age of 25.Three quarters of those with ABIs, are

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The Facts About Melanoma

  As Spring is in full swing and the sun is coming out again it is time to think about our skin, particularly melanoma. We hear about Melanoma being the most dangerous type of skin cancer. It may appear as a new spot or as a change in an existing mole or freckle. Over 95 per cent of skin cancers can be successfully treated if they are found early. Did you know that Australia has one of the highest rates of skin cancer in the world? Two in three Australians will be diagnosed with skin cancer by the age of

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Bowel Cancer

On a sad note, we were recently discussing a case where an adviser in the industry passed away after being diagnosed with Bowel cancer. Bowel cancer is dangerous. You can have no health issues whatsoever and then suddenly the dreaded disease can take control of the body. No one should have to go through this and we hope that one day a cure can be found. There are benefits of early detection / screening rather than waiting to turn 50 years old or having  family history that requires a colonoscopy /  gastroscopy  prior to age 50.  It is suggested that

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Self-Managed Superannuation Funds (SMSFs) and Limited Resourse Borrowing Arrangements

  Since late 2007, a Self-Managed Superannuation Fund (“SMSF” or “Fund”) has been allowed to borrow money for investment purposes following the introduction of an additional exception to the general borrowing prohibition – one that continues to exist under superannuation law. This additional exception to the borrowing prohibition is provided in the form of a limited recourse type of borrowing. In essence, the relevant asset is held on trust to provide limited security for the outstanding loan, but the benefits of the ownership (such as rent or dividends) flow directly to the Fund. If the Fund defaults on the loan,

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Self-Managed Superannuation Funds (SMSFs) & Derivatives

Under super law, derivative means ‘a financial asset or liability the value of which depends on, or is derived from, other assets, liabilities or indices’. A derivatives contract means ‘an option contract or futures contract relating to any right, liability or thing’.  They are an allowable investment for a SMSF, subject to certain conditions. Super law outlines very few restrictions on exactly what type of investments Fund Trustees are able to invest in, however the law as how those assets are structured can be very prescriptive. In the case of a Fund’s investment in derivatives the main issue is the

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