May 16
What does HEM stand for in the context of a mortgage?
Household expenditure measure.
Home energy management.
Human expense model.
Heating, energy and maintenance.
ASIC has sued Macquarie Securities allegedly engaging in misleading conduct in its short sale reporting to the market operator over 14 years. The regulator believes the misreporting could be as high as what?
15 million short sales.
1.5 million short sales.
150,000 short sales.
1.5 billion short sales.
Woolworths stocks more than 20,000 items per store on average. How many products will have prices lowered under discounts announced this week?
Almost 4000.
Almost 400.
Almost 40.
Almost 4.
Which of the following is true according to data from Mortgage Choice?
74% of first-home buyers used personal savings for their deposit.
74% of first-home buyers borrowed their deposit.
74% of first-home buyers received a cash gift from family members.
74% of first-home buyers sold cryptocurrency to fund their deposit.
Which of the following statements about your super is sus according to the ATO?
The preservation age is 60 if you were born on or after July 1, 1964.
You can only withdraw 50% of your super in a lump sum from June 1.
If in doubt, check the ATO website or chat to your super fund or financial advisor.
Dodgy social media claims about super changes should be ignored.
What is the median savings balance for 35- to 44-year-old Aussies?
$59,759 - we're rolling in it.
$811 - not exactly swimming in cash.
$12,823 - enough for a cheeky holiday.
$9074 - seems about right.
Thinking of retiring from your small business? According to NAB research, what is most likely to happen once small business owners hit retirement age?
Their kids will be thrilled to take over the family business.
They'll sell it off and retire on a yacht.
They'll hand it over to a mate and call it a day.
They will likely keep working past 67 with no-one keen to take over.
Under the Albanese government's proposed superannuation changes, what will the additional tax apply to?
All earnings within a self-managed super fund.
The total balance of any super fund over $3 million.
Earnings attributable to to the portion of a member's balance over $3 million.
All contributions made after July 1, 2025.
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