Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Andy Darroch

๐Ÿ‘ค Speaker
187 total appearances

Appearances Over Time

Podcast Appearances

The Money Puzzle
Private credit - How bad is this going to get?

I think it's a nice, easy to picture number in your mind.

The Money Puzzle
Private credit - How bad is this going to get?

And then, yeah, I would be surprised if it includes assets like shares.

The Money Puzzle
Private credit - How bad is this going to get?

Personally, I haven't seen anything to that degree.

The Money Puzzle
Private credit - How bad is this going to get?

And I think the government's acutely aware they don't want to come out with too big a surprise.

The Money Puzzle
Private credit - How bad is this going to get?

So that would be my opinion.

The Money Puzzle
Private credit - How bad is this going to get?

But this will be something that will dominate headlines for the next three to four weeks.

The Money Puzzle
Private credit - How bad is this going to get?

As I say, bring on the leaks.

The Money Puzzle
Private credit - How bad is this going to get?

So this is one that I did read somewhat recently.

The Money Puzzle
Private credit - How bad is this going to get?

And so I'd say that this is a highly esoteric field, like niche, if you will.

The Money Puzzle
Private credit - How bad is this going to get?

And then the only other thing I'd say is at a headline figure, the actual taxes that would be liable, my guess would be in the low single digit thousands kind of thing.

The Money Puzzle
Private credit - How bad is this going to get?

Unless you've got north of $10 million in your super account and

The Money Puzzle
Private credit - How bad is this going to get?

as I understand that this assumes that the super fund made a profit during that year.

The Money Puzzle
Private credit - How bad is this going to get?

So again, this would be unique to an SMSF where they are responsible for their own.

The Money Puzzle
Private credit - How bad is this going to get?

So if this were, if someone does have more than $3 million in their superannuation account and it's, you know, they're doing their estate planning, they can make arrangements to preempt this.

The Money Puzzle
Private credit - How bad is this going to get?

So you could have conditions or clauses or something to that effect that,

The Money Puzzle
Private credit - How bad is this going to get?

The executives or the legal personal representative of the estate itself wouldn't be liable for a bill if indeed their person's super balance went to, say, a spouse or something like that, but they opted to, you know, install their children or something similar as the benefits balance.

The Money Puzzle
Private credit - How bad is this going to get?

So the short answer is, as I understand it, it's theoretically possible.

The Money Puzzle
Private credit - How bad is this going to get?

I'd say you've probably got a higher chance of playing in the Australian cricket team than it actually happening to you.

The Money Puzzle
Private credit - How bad is this going to get?

I hope it happens to all of us because it means we've got magnificent superbalances.

The Money Puzzle
Private credit - How bad is this going to get?

But I'd also say it's one of these things that it is like a if, but, maybe, oh, my goodness.