Maxim Monthly Market Insights - July 2016

• The Australian dollar is rallying but the overall tailwind it has given the economy continues to support growth.
• That tailwind is assisting Australian businesses report conditions which are sitting up at their post GFC peaks thus aiding the economic transition away from the mining investment boom.

ATO Extends SuperStream Deadline

The ATO has granted small business owners an extension in complying with SuperStream.

Small employers (19 or fewer employees) must now meet the SuperStream standard by 28 October 2016.  The original deadline was 30 June 2016.

Now is the time for those small businesses not compliant to make becoming SuperStream ready a priority.

Minimum wage increase confirmed - What to look out for?

The Fair Work Commission (FWC) has just announced a 2.4% increase to minimum wages as part of its annual wage review.  The changes are to apply from the first full pay period commencing after 1 July 2016 so now is the time to review their employment agreements and prepare.

Maxim Monthly Market Insights - May 2016

• The RBA surprised many by cutting rates in May and then surprised most by downgrading its inflation outlook.

• That’s left plenty of forecasters calling for rates of 1% and below in Australia this year. But will rates really fall that low?  

Maxim Monthly Insights - April 2016

• The Australian economy continues to defy the doomsayers with businesses reporting increased confidence and conditions. 
• That’s continuing to drive strong employment outcomes throughout the economy with more Australians in work than ever before. 

SuperStream

Less than 90 days to go until Superstream deadline for small business

According to the ATO, more than 60% of Australia’s small businesses are already on board with SuperStream. If your business is not one of them, you’ve got less than 90 days remaining to get it done.

Small employers (19 or fewer employees) must meet the SuperStream standard by 30 June 2016. Larger employers should have been using SuperStream since 31 October 2015.

market insights, economy

Maxim Monthly Market Insights - March 2016

• The Australian and Hunter economies are weathering the end of the mining boom and showing signs of renewed strength. 

• That’s seen a large number of jobs created, unemployment fall and overall consumption fill the void left by collapsing mining investment. 

economy - Maxim monthly insights

Maxim Monthly Market Insights - February 2016

 

• 2016 has kicked off with a bang as the competing forces of central bank policies, collide with the chill wind of a slowing Chinese and US economy.

• Markets have gone into a funk, stabilised, rallied off their lows but are still vulnerable to further pressure and aggressive selling. It's clear that in 2016 the volatility of volatility is rising across global markets.  

Commodity CRB Index

Maxim Monthly Market Insights - December 2015

  • Merry Christmas. We end 2015 with the Australian economy doing what it has done for almost 25 years, defying the doomsayers. Growth is ending the year in much better shape than many predicted.
  • Strong employment growth has mitigated against low inflation to stay the RBA’s hand from easing and potentially turn the focus toward a discussion on tightening.

Maxim Monthly Market Insights - November 2015

  • Employment continues to defy the pundits views of a weaker Australian economy and the Hunter is finally benefitting as well. That’s good news.
  • But even with strong employment the RBA has left the door ajar to further rate cuts because headline inflation is so low in Australia
  • Global trade, China and emerging markets are still a clear and present danger.
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