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

Anthony Macdonald

πŸ‘€ Speaker
1215 total appearances

Appearances Over Time

Podcast Appearances

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

25% of her profit share allocation is gone.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

That's the $7 million.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

The next most was 15% for Greg Ward, who runs the local banking and financial services business.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

It has Macquarie's platform, the wealth platform,

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

That was the bit that got hit earlier this year with the Shield Master Fund, a fund that looks like it was full of assets that had been compiled together quite dodgily and ASIC's going after them.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

Macquarie repaid financial advisors who put their money into that fund.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

So, I mean, that's why Greg Ward's been hit next.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

But you're right.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

After that, it's sort of like 10% here, 5% there.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

Shimara, though, feels the most pain.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

Yeah.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

It's definitely playing politics here, James.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

I mean, the government's backed away from increasing taxes on gas producers.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

I think it wants to show it's not completely toothless or tone deaf.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

Yeah.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

I mean, the question is whether something like this can be good policy as well.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

And the announcement is so light on detail.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

You pointed that out in your column on Thursday afternoon.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

I mean, domestic gas reservation policy, it's not a new idea.

Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons

I mean, it's a surprise that they even sort of announced it when they'd already announced it late last year.