Posts Categorized: News

Tips for transport businesses who engage sub-contractors

Transport Businesses who engage sub-contractors to perform work for them need to be aware of the basics of their engagement, including but not limited to: Is the sub-contractor a corporate entity or a sole trader with an ABN – if a sole trader you will need to apply one of the many ’Contractor or Employee’… Read more »

RBA leaves cash rate unchanged at 2%

The Reserve Bank has again decided to leave official interest rates at the record low of 2.0 per cent. Rates will have been on hold for eight consecutive months when the Bank meets again in February 2016. For more information, please please see the full monetary policy statement from RBA governor Glenn Stevens: http://www.rba.gov.au/media-releases/2015/mr-15-23.html

Cash rate reduced to a new record-low of 2.25%

The Reserve Bank of Australia has decided to lower the cash rate to 2.25% effective 4 February 2015. The central bank’s last move on the official cash rate was in August 2013,with an easing from 2.75% to 2.5%. In its meeting today, the Board noted “taking into account the flow of recent information and updated… Read more »

Forestry Fact-finding from a financial perspective

More than 20 lenders from ANZ, NAB, Westpac, BOQ and CBA recently toured key forestry sites in the Latrobe Valley in Gippsland. Organised by Linx Australia Group, in partnership with the Australian Forest Contractors Association (AFCA), the tour showcased a variety of commercial operating sites, providing the lenders with the opportunity to learn more about… Read more »

Linx Australia Group named “Westpac Broker of the year 2014”

On Wednesday 12th November, Linx Australia Group won the “Westpac Equipment Finance Premier Broker of the year 2014” award for Victoria during the Westpac Premier Broker function held in Albert Park. This award recognises Linx Australia Group’s contribution to the finance industry as well as their commitment to offering a professional structure to their partners facilitating… Read more »

Truck insurer warns of fatigue, ageing drivers

Speeding continues to be the biggest cause of major truck accidents, according to research by heavy motor specialist National Transport Insurance (NTI). This year’s Major Accident Investigation Report, which was launched at an event in Brisbane this morning, analyses serious crashes in 2013 with losses exceeding $50,000. There were 549 such incidents reported to NTI, costing $71.7 million…. Read more »

RBA Leaves Rate at 2.25%

At its meeting today, the Reserve Bank of Australia decided to leave the cash rate unchanged at 2.25 per cent. The Bank considered that “it was appropriate to hold interest rates steady for the time being. Further easing of policy may be appropriate over the period ahead, in order to foster sustainable growth in demand… Read more »

Cash rate unchanged at 2.25%

At its meeting today, the Reserve Bank of Australia decided to leave the cash rate unchanged at 2.25 per cent for the 2nd month in a row. However, they left the door open to a potential cut in the months to come. For more information, go to: http://www.rba.gov.au/media-releases/2015/mr-15-05.html

Cash rate left unchanged at 1.75%

The Reserve Bank has decided to leave the cash rate at 1.75% for the tenth consecutive month, but left the door open to further cuts if needed. For more information, please see the full monetary policy statement from RBA governor Glenn Stevens: http://www.rba.gov.au/media-releases/2016/mr-16-04.html

Transport Equipment….Finance and Insurance

The logging industry has always been one of the most capital intensive industries around and banks have continually complained about high gearing levels and low return on equity for logging clients. The facts remain that whilst specialised logging machines are not getting any cheaper even with the strong Australian dollar, that the cost of transport… Read more »

RBA cut interest rate to 2.0%

Today the Reserve Bank of Australia decided to lower the cash rate by 25 basis points to 2% According to Glenn Stevens “The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends appear largely to reflect increased supply, including from Australia…. Read more »

Asset Finance should be a partnership

With the 2014-2015 federal government budget announcement of more than $125 billion investment to support construction activity, one could argue the future for the civil contracting industry is looking promising. However, some major projects such as the Pacific Highway duplication in New South Wales, the East West link in Victoria, or the North South Corridor… Read more »

RBA leaves the cash rate unchanged

The Reserve Bank has left the cash rate at 2% at its November meeting. In a statement on their website, governor Glenn Stevens noted: “At today’s meeting the Board judged that the prospects for an improvement in economic conditions had firmed a little over recent months and that leaving the cash rate unchanged was appropriate… Read more »

New tax break for small businesses announced at the Federal Budget 2015

Small businesses can now take advantages of a new tax break for purchases up to $20,000. Who qualifies? Any registered business who has an ABN number and turns over less than $2 million. What can I buy and how much for? Small business can buy any machinery or equipment as long as it is related… Read more »

How to maintain a Good Credit Record

12th March hardly sounds like a key date in history. But, for those looking to buy property, 12th March 2014 could be a key date that determines whether or not they get a loan. Whenever someone applies for a mortgage, one of the first things a bank does is run a credit check on them. … Read more »

NTI disputes claim from Transport Workers’ Union

The Senate is inquiring a statement from Transport Worker’s Union (TWU) that Truck Driving is Australia’s “deadliest profession”. National Transport Insurance is challenging this statement, saying the industry ‘s safety performance is improving. According to NTI’s latest Major Accident Investigation report, major crash rates are down 32% since 2002. An outcome of the Senate inquiry… Read more »

Cash rate unchanged at 2.0%

At its June meeting, the RBA decided to keep the official cash rate at 2%.The RBA last cut rates in February and May. Governor Glenn Stevens said the bank would await further data before assessing whether or not current policy settings would “most effectively foster sustainable growth and inflation consistent with the target”. For more… Read more »

RBA Leaves Cash Rate Unchanged

Having picked up in the early months of 2012, growth in the world economy has since softened. Current assessments are that global GDP will grow at no more than average pace in 2012, with risks to the outlook still on the downside. Economic activity in Europe is contracting, while growth in the United States is… Read more »

The Most Common Mistakes When Financing Equipment

Rohan Ford, CEO of Linx Australia Group, has been involved in the transport and forestry industries for over 25 years. Here he shares his experience on the most common mistakes people make when financing equipment. Not understanding what and where to find the most appropriate finance products. People can be unaware of exactly what is… Read more »

Linx Finance Australia announces partnership with GE Capital

Linx Finance Australia is pleased to announce the addition of GE Capital on their panel of lenders. This partnership supports Linx efforts to offer innovative and strategic asset finance solutions to businesses and individuals throughout Australia. Founded in 1999, Linx specialises in equipment finance for a wide range of industries, including transport, earthmoving, forestry mining,… Read more »

RBA leaves the cash rate unchanged at 2.0%

As expected by the majority of economists, the Reserve Bank of Australia has decided to leave the cash rate unchanged at 2.0%. The RBA’s official cash rate has remained unchanged since May. For more information, please see the full monetary policy statement from RBA governor Glenn Stevens: http://www.rba.gov.au/media-releases/2015/mr-15-15.html    

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