MARCH 2012
In the LOOP The Quarterly Newsletter for clients of Powers Financial Group
Wealth health check What you should be doing at every age
P2 Client corner
Doug rests easy after 30 years on the green
P3 John Cox comments How the PPS register will affect you
P4
Rate cuts offer fresh start
Interest rates (1 January 2012 - 30 June 2012)
Primary producers wanting to expand, upgrade or buy into a partnership should take advantage of QRAA’s interest rate cuts to its First Start and Sustainability Loans. Fixed rates are down by about 1 per cent, from 1 January 2012 to 30 June 2012. Powers Agribusiness Director Murray Davis said it was the perfect opportunity for people to buy into the family farm, or for existing business owners to diversify their operations to achieve greater productivity. The First Start Loans can provide finance of up to $650,000 and are administered by QRAA
under the Queensland Government Primary Industry Productivity Enhancement Scheme. Murray said First Start and Sustainability Loans were a popular source of finance for eligible primary producers and those looking to purchase their own farm as they had no set up fees, no exit fees and no hidden costs. QRAA approved more than $201 million in First Start and Sustainability Loans in the period 2005/06 to 2010/11. ■■If you want help applying for a QRAA loan, phone Murray on 4995 6677.
1 year fixed 5.22% (down 0.95% from 6.17% as at 1 July 2011) 3 year fixed 5.06% (down 1.09% from 6.15% as at 1 July 2011) 5 year fixed 5.33% (down 0.97% from 6.30% as at 1 July 2011)
Remember: BAS dates
Your local AMP advisers
To assist us in helping you avoid late lodgement penalties and interest payable, please ensure you get your Business Activity Statement records in as soon as possible after the end of the month or quarter to allow us time for processing. If you have any questions phone us on 4995 6677.
Did you know that Marc McMahon and Dan McMillan of Powers Investment and Finance Services are authorised AMP and AXA advisers? They are also authorised representatives of OnePath, CommInsure and MLC. For advice on investment, life insurance or superannuation phone Marc or Dan on 4995 6655.