Benjamin Smith

@Nirgal451 🎣

Sporting capital of the world. What happened to Melbourne? SCG attendance, 200,000+ MCG Boxing Day Test attendance, 186,244

@BenPhillips_ANU @Sheps71 I thought part of the problem with it not being popular is financial planners believed it was a credit product and outside their license remit to give advice on for retirement planning Looks like that has changed now theadviser.com.au/compliance/438…

@Sheps71 There are already govt schemes but they aren’t popular which is a shame. servicesaustralia.gov.au/repay-your-loa…

Likely every Sydney home owning pensioner would lose some/all of their pension on a house they bought 40+ years ago. Reverse mortgages for right or wrong not popular. Interesting to do the numbers on possible policies tho. afr.com/politics/feder…

@jagjetfly @Nirgal451 If it is 'voluntary' and 'passed on to the employees' it is not subject to GST

@Nirgal451 They are not charging GST on the service charge either which is incorrect

This is an extremely poor practice from Lana in Circular Quay, Sydney. Just price your menu properly.

@fictitiousfruit @DefiantLs Does happen (changing decisions) but very rare youtu.be/Tra8GiQR-Dc?si…

@DefiantLs I don’t understand why players argue like this in sports w the refs. Never in history has an argument between a player and a ref ever led to the ref going, “Ya know what I can see it that way never mind no penalty you made a great case.”

This is getting ridiculous.

@DrCameronMurray Good luck getting objective commentary when Newscorp and Nine Entertainment have huge economic interests in REA and Domain

The media commentary is far behind market realities in housing. Few places are still booming Australia

@bowtiedstocks All super should be paid to the ATO, at the same time as payroll, and each individual can tell the ATO via MyGov how much they want going to a super account and how much as wages (less applicable PAYG withholding)

In a slowing economy with lackluster consumer spending We should have lower compulsory contributions to super, not higher There should be flexibility to adjust the compulsory super contribution % based on economic conditions It’s our money and many need it now Just an idea

@10footinvestor Agree - suspect they’ve been asked for by the landlord and just been tacked on at the end of a standard lease or something a lawyer prepared. I’d say your chance of getting the lease is now ~0% for being a perceived “pain in the a…” for the feedback by the real estate agent.

Something about a contract turns the average person into a drooling moron. Me: are there any special conditions or is it a standard lease? REA: standard, nothing like that. Me: why are there 28 standard conditions appended to the end and why do they conflict with the core lease?

@_colourmeamused Totally agree. Had to set up a business bank account with Commbank and Macquarie not long ago. Commbank took two hours at the branch to open, Macquarie fully online form and open in less than 24 hours + much easier to use. Might benefit from not having a legacy IT stack.

The Macquarie Bank app is exceptional, I am eternally locked to Commbank and Macquarie Bank and Apple because I am not organised enough in life to deal with crappier alternatives. A Macquarie Bank account gives you zero fee foreign transactions and withdrawals and it’s seamless.

@AvidCommentator Also consider it from the perspective of household formation occurring later in life with assortative mating driven by individual incomes - much larger dispersion of household incomes that leave many “falling behind” e.g. dwelling prices

One of the strange paradoxes of social progress is how double income households went from a major boost at an individual level to all but a necessity for a normal Aussie life. Yet it's just accepted, that all that extra work and tax in many cases gains little in net terms.

@JohnSmi85656082 @matt_barrie If you don’t accept cash / non-surcharge payment option it is illegal to apply a card surcharge. Good luck having that argument at the counter though haha

@matt_barrie and they dont accept cash.

So 6.5% penalty for credit cards..

@kelceylehrich Australia solved this in the 1850s with the Torrens title system of land registration and guarantee by the state of registry records accuracy en.m.wikipedia.org/wiki/Torrens_t…

It still blows my mind that title insurance is even a thing. Don't we know who actually owns what? How could we not know?

I’ve just seen this & i honestly don’t think I’ve seen a softer sin bin in the history of Rugby League. How on Gods green earth is that not play on ? A sin bin ? It’s becoming an absolute farce & ruining our game.

@AvidCommentator Postals already started this week

If the numbers from YouGov and others are realised on election day, Dutton will go down in history as an abject failure. 4 days until prepolls open.

@TaxPawspective @jason_king72 @bowtiedstocks Would that be similar to Turnbull's idea of reducing income tax rates and allowing the states to raise equivalent taxes in their place? Would be concerned states would compete against each other (e.g. like payroll taxes) and essentially hollow out any tax raising capacity

@jason_king72 @bowtiedstocks Could the commonwealth “persuade” the states by simultaneously: - winding back non-GST funding; and - reducing commonwealth income tax and leaving it to the states to make up the shortfall? I recall legislation was passed in the 80s to facilitate this, but was never used.

Tax reform can help unlock productivity improvement in Australia, which is desperately needed If you're not looking at tax reform as a way to improve productivity (and by extension, living standards) in this country, then you're not a serious government

@Trupacshaker Out of interest - why is North Epping cut off from the rest of Epping in your maps? Can't travel from North Epping to Cheltenham (or anywhere else) without travelling through Epping first. Same problem exists with the current council boundaries to be fair

New map nsw council split up map 300 councils for sydney eill create more soon ish google.com/maps/d/u/1/edi…

@JoshButler Katter wants everyone to stop

sorry

@bowtiedstocks I remember telling some non-accounting people at work more than five years ago I thought the business model was shot - graduates have a much greater array of options now and fewer people are interested in staying in the one place for an entire career

I’m honestly quite surprised accounting firms have managed to keep their business model intact today Increasing outsource of work to low cost countries, using AI / chat GPT Fewer genuine equity partnership opportunities And the hourly rates just keep going up every year!

@bowtiedstocks Probably chucks this in to get free publicity. Be surprised if someone pays the ‘right price’ to be honest

I’m a huge Broncos fan but why on earth would one man want to buy another man’s sporting memorabilia from playing days? This strikes me as extremely odd… Good propadee journalism here though nonetheless Bringing us the big stories !

@IFM_Economist Looked the other week to see how much my undergrad double degree would cost if I were to start it today. Would be at least 4x what I paid in mid 2000s and I’d have to start repaying it from the salary a grad job attracts now when I wouldn’t previously. Crazy!

The amount of debt university students must get into is multiples of their starting income. And this comes before even considering a home of their own. Each successive generation is having their lives increasingly defined by debt. afr.com/work-and-caree…

@ausstockchick Are these carpets for the "office" that seem to magically find their way into someone's home?

Went to a carpet shop today for more renovation inspo. The salesman told me he has skipped lunch he’s been so busy. A customer just spent 80k on carpets. What #costoflivingcrisis Everyone is renovating!!