Funds Management

When the High Court ruled in June that an unpaid trust distribution owed to a family company is not automatically a "loan", it rejected a position the ATO had applied to private groups for well over a decade. With Parliament returning on 12 October …

Foreign companies and institutional investors that sell Australian wind farms, solar projects and battery storage assets can now claim a 50% capital gains tax discount, under laws that took effect on 1 October 2026. Parliament extended the concession to 30 June 2040 during the …

Labor is drafting a capital gains tax break for people who back young, innovative Australian companies early and hold their shares for at least three years. The Innovative Business CGT Concession, released as an exposure draft on 11 September 2026, is estimated to cost …

These changes are already law. The Tax Reform No. 1 Act 2026 replaces the 50% CGT discount for individuals with indexation of the cost base from 1 July 2027. It also adds a 30% minimum tax on gains that accrue from that date.

The portfolio is actively managed rather than holding fixed benchmark weights. The investment team can adjust allocations between bank-issued hybrids, subordinated securities, senior credit and other eligible instruments as opportunities and risks change. This distinguishes its mandate from a conventional government-bond tracker.

The ETF seeks to track the Solactive Australian Bank Senior Floating Rate Bond Index through a passive approach. It generally holds index securities in similar weights. Floating coupons periodically reset by reference to short-term interest rates, which can reduce sensitivity to interest-rate changes compared …

PMGOLD is described by ASX as a gold structured product designed to track the Australian-dollar price of gold. Its legal structure is a call option under the ASX Market Rules, so it should not be described as a conventional managed-fund ETF. The investment exposure …