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Outlook for the Australian Dollar
Following sharp losses in August 2007 - when the US subprime crisis first came to light - we've seen the Australian Dollar (AUD) rally sharply once again – this time to 23-year highs of above US90c.
Small footprint on a big country
An investment in new equipment has significantly decreased the environmental impact of one of Australia's iconic companies.
For Great Southern Railway (GSR), owner of the "Ghan", the "Overland" and the "Indian Pacific, the time had come during 2006 to update some elements of its rail fleet infrastructure.
Trade Marks Made Easy
The amendments resulted from a review which found that the trade marks system was effective, but could be enhanced. The amendments are particularly beneficial to small-to-medium businesses, as more than half of 50,000 trade marks applications are received from this sector. |
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- Welcome to the Final Edition of Interlease Inform for 2007.
It is the season to be merry and, as most of us count down the days until Christmas Day, our thoughts are on celebrating the holiday season with family and friends. We would like to wish all our clients a safe and prosperous holiday season. Now is also a perfect time to plan ahead for 2008 and in the area of finance there's no better place to come for advice and support than Interlease.
- Supporting Very Special Kids -
Very Special Kids supports Victorian families who are facing one of life’s greatest challenges - caring for a child with a life-threatening illness. We rely on the generosity of the community and organisations such as Interlease to be able to provide services including counselling, trained volunteers, sibling support and bereavement programs to families free of charge.
"There are more than 770 Victorian families with seriously ill children currently relying on our support, so we are delighted that Interlease has committed to donate $1 to Very Special Kids for every Christmas card they send."
Very Special Kids CEO, David Agnew.
"We are proud to be providing financial support to Very Special Kids as this organisation plays a very valuable and unique role in the community. We look forward to growing and developing our relationship and contributions to Very Special Kids in the future"
Interlease Director, Andrew Russell
More than 18 months of hard work, perseverance, intensive training and competitive success have finally paid off for Interlease-sponsored dinghy sailor Sarah Blanck, who has been selected to represent Australia in the Laser Radial class at the 2008 Olympic Games in China.
This will be Sarah's second Olympics after finishing top Australian Sailor at the last Olympics in Greece.
The fantastic result, which was announced by the Australia Olympic Committee and Yachting Australia in late October, puts Sarah on course for great results in Beijing next year.
"I've got a lot of work to do and am very confident, now that the selection decision has been made, I can clearly focus on the job at hand, and achieve a higher result than my 4th at the 2004 Athens Olympic Games" Sarah says.
There's been more good news for Sarah too, with the AOC naming her as an Olympic Education Ambassador to promote its ASPIRE message to school children and the Australian Institute of Sport awarding her a five year scholarship.
Sarah is currently training ahead of the Sydney International Regatta, the Laser National Championships and Sail Melbourne. She will be heading to New Zealand to compete in preparation for the World Championships in March.
Structuring Repayments
Monthly Finance repayments do not need to be even!
There are a number of reasons to consider structuring your equipment finance repayments which can be varied seasonally or in line with business cash flow.
The most common type of structuring in hire purchase and chattel mortgage contracts relates to repayment of an amount equal to the GST component, often in the third month of the contract.
This type of additional repayment reduces the interest costs by reducing the outstanding amount on receipt of the GST ITC.
There are also a number of other variations available, for example, why pay full repayment in the first few months for a new piece of equipment, when usually new plant and equipment have a lead time before income is received.
This may relate to equipment installed before required, prior to a project commencing or where long lead times for training and implementation occur.
For example, if you purchased a new machine requiring specialist training and lead time to fine tune production of a particular component, why start 'full' repayments immediately? In these circumstances it may be worth considering a three month period of payments similar to the interest only cost, followed by repayment of the GST, ITC and then 'standard repayments'.
These types of structures are also available for finance and operating leases, however given the additional taxation implications, should be considered in detail with your broker and accountant.
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