News

Cash rate left unchanged at 1.75%

Published on: March 2, 2016

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…

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Forestry Fact-finding from a financial perspective

Published on: January 6, 2016

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…

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RBA leaves cash rate unchanged at 2%

Published on: December 1, 2015

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…

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RBA leaves the cash rate unchanged

Published on: November 3, 2015

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…

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RBA leaves the cash rate unchanged at 2.0%

Published on: September 2, 2015

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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The Most Common Mistakes When Financing Equipment

Published on: August 24, 2015

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…

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NTI disputes claim from Transport Workers’ Union

Published on: July 15, 2015

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…

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Cash rate unchanged at 2.0%

Published on: June 3, 2015

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…

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RBA cut interest rate to 2.0%

Published on: May 5, 2015

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…

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Asset Finance should be a partnership

Published on: April 13, 2015

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,…

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Transport Equipment….Finance and Insurance

Published on: April 12, 2015

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,…

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Fund equipment needed for your business using asset finance

Published on: April 11, 2015

With the cost of equipment getting more expensive, competition getting stronger, increasing compliance requirements and the cost to rent equipment continually dropping, the margins for businesses in the hire and rental industry are consequently reducing. To address these issues, more and more companies are now looking for creative solutions to…

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Cash rate unchanged at 2.25%

Published on: April 7, 2015

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…

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RBA Leaves Rate at 2.25%

Published on: March 3, 2015

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…

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Truck insurer warns of fatigue, ageing drivers

Published on: February 17, 2015

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…

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

Published on: February 9, 2015

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…

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

Published on: November 19, 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…

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Hall of Fame, AFCA Annual Dinner

Published on: November 10, 2014

The “Contractors Hall of Fame” was created by the Australian Forest Contractors Association (AFCA) in order to acknowledge Harvesting and Haulage Contractors who have given outstanding service to the industry. This initiative is designed to recognise and appreciate the contribution made to the timber industry by Contractors. This year during…

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Linx Finance Australia announces partnership with GE Capital

Published on: October 27, 2014

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,…

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Tips for transport businesses who engage sub-contractors

Published on: September 3, 2014

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…

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Linx Australia Group will be attending NatRoad 2014

Published on: August 12, 2014

Linx Australia Group will be attending NatRoad 2014 in Adelaide from the 14-16 August. Come and listen to Jason Steinke, one of our Financial Consultants, present on Business Funding on Friday 15th August at 11h55. For more information, see the conference program: http://natroad.com.au/natroad-conference-2014/program/…

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Cash rates to stay at 2.5% for 12 more months!

Published on: July 17, 2014

The Reserve Bank of Australia has forecast that the cash rate will remain at a record-low 2.5 per cent for at least one more year. The board agreed that a period of stable interest rates was the most sensible course of action, according to the minutes of its recent monthly…

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Budget secures 18,000 construction jobs for VIC

Published on: May 12, 2014

Unprecedented levels of funding for major construction projects form the heart of the 2014-15 Victorian State Budget, a move supported by Master Builders. “The Napthine Government has today unveiled an ambitious infrastructure agenda that will stimulate investment and drive new jobs into Victoria’s construction industry,” said Master Builders CEO Radley…

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How to maintain a Good Credit Record

Published on: February 22, 2014

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…

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RBA Leaves Cash Rate Unchanged

Published on: February 5, 2013

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…

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