Monthly Archives: September 2016
What is the Maximum Contribution Base?
The maximum superannuation contribution base (MSCB) is used to find the maximum contribution which an employer is required to make in Superannuation Guarantee (SG) fund under the super laws. The MSCB has changed in 2016-2017 and now it is $206,480 per annum or $51,620 per quarter, whereas in 2015-2016 it...
Non-viability clauses on Hybrid Securities
Who does not want to invest in an asset promising higher return? There are various financial instruments in the market such as hybrid securities which attract you but the underlying features should be well understood to avoid any financial distress later on. You may get attracted by such securities but...