Hello and welcome to this month's edition of Investment
This month we take a look at retail and the recent Black Friday
and Cyber Monday sales in the U.S. following their Thanksgiving
Holiday. In Australia we have just had the 'Click Frenzy'
online sale, which was somewhat disappointing, but we can all look
forward to the Boxing Day sales at the end of December. Those sales
are similar to that of Black Friday which occurs every year in the
U.S. with reports this year that sales were strong, perhaps
debunking the theory that the consumer is dead (maybe they only buy
bargains these days). Kevin Rose from the New York Times took a
different look at the sales and concluded that they are carefully
designed to make you behave like an idiot.
Speaking of Christmas, the holiday period (and dare we say New
Year's Resolutions) is a time when many people take time to
reflect on the year that has just passed, and the year that is to
come. But what are you reflecting on? In the most recent post on
his blog, Daniel Minihan, our Director of Wealth Management,
discusses some of the things that people should be thinking about
when pondering the coming 12 months. More importantly, taking
action on things like establishing a solid financial strategy and
implementing it, should be part of every persons New Year's
An actuarial review of the Invensys Australia Superannuation Fund showed it to be in surplus to the tune of $189.2 million. In mid 2003, the Invensys Group proposed to the trustee that the surplus be repatriated to the principal employer in the group.
Lenders in New South Wales breathed a sigh of relief earlier this month when the Supreme Court ruled in Bank of Western Australia Ltd v. Primanzon  NSWSC 862 that two part-time commercial property investors could not claim relief under the Contracts Review Act 1980 (NSW) because the loans advanced to them were entered into in the course of a trade, business or profession carried on by them.
A key aspect of an innovation culture is keeping it active at all levels of management, from teams to board meetings.
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