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Spring into Optimism

Although much of the media would have us believe that our economy is in a constant state of crisis, the facts are that economic growth is pretty good. Sure, we have our problems but maybe its time to be optimistic about the future.  In a recent edition of Oliver’s insight (30/8/16) Edition 18, Dr Shane Oliver, Head of Investment Strategy & Chief Economist of AMP Capital gives us seven reasons to be optimistic.

The entire article can be read here but in summary…..

  1. Economic growth is pretty good

  2. The economy has rebalanced

  3. The worst in the slump of commodity prices and mining investment looks to be behind us

  4. Public infrastructure spending is ramping up strongly

  5. Despite all the gloom consumer and business confidence are actually around their long term averages

  6. Share market profits have likely bottomed

  7. Lots of social reasons to be optimistic about Australia including that fact that we rank 4th in the world in terms of life expectancy (at 82.8 years)!

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COVID -19 Lease Legislation Summary

RETAIL SHOP LEASES AND OTHER COMMERCIAL LEASES (COVID-19 EMERGENCY RESPONSE) REGULATION 2020 (QLD)2020 - SUMMARY OF LEGISLATION Initial Comments On 28 May 2020, the Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (Qld) (“the Regulation”) was introduced into Queensland law. Taking a few weeks longer than anticipated, the Regulation went beyond what was expected, or at least what was noted by the Mandatory Code of Conduct. The Regulation has a very tenant favoured basis, and grants some significant powers, even going as far to provide avenues for landlords and tenants to be ordered to pay compensation by the Queensland Civil and Administrative Tribunal (“QCAT”) if their conduct during the COVID-19 pandemic in negotiating rent is deemed unconscionable or is not in good faith.

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