FIDO NEWS
Issue 110, 31 October 2008 | |
1. Your Money Starter
This new financial literacy resource for secondary schools has quizzes, games, movies and fact sheets on super and insurance. Suitable for students from Year 9 to 12, Your Money Starter is linked to State and Territory curricula and the National Consumer and Financial Literacy Framework.
2. Don't horse around with computer gambling systems
Have you ever received flyers or glossy brochures for computer gambling systems? Although the advertising frequently parades the system as an ‘exciting investment opportunity’, in reality these systems are just gambling on horse races, even if the word ‘gambling’ does not appear in the advertising materials.
3. Missing half a billion?
ASIC has renewed its call for the owners of almost $500 million in unclaimed money to stake their claim.
4. Switching bank accounts may be easier than you think
The Government has introduced new measures to make it easier for you to switch banks if you are not satisfied with your current one. Read our tips to save you time, money and a lot of hassle.
5. Budgeting and dealing with unexpected events
What if you’re not saving any money, not saving enough or unexpected events throw your finances into disarray? Budgeting and being prepared for unexpected events can change things for the better, often without too much pain.
6. First home saver account calculator
If you're saving for your first home, our new online home saver account calculator and checklist can help you decide if this type of account is for you.
7. What’s short selling anyway?
There’s a lot of focus on short selling in ASIC’s work and in the media at the moment. But you might be wondering what short selling is.
8. Do you know enough to invest in an unlisted investment?
What are the risks? Find out more about unlisted property trusts, mortgage funds and debentures with our investor guides.
9. Opening a joint account
Before you make this commitment, its worth making sure you understand the risks, benefits, and your rights and obligations.
10. ASIC welcomes ANZ financial literacy research
The research involved a quantitative survey of 3,500 adult Australians between April and June 2008. These reports help ASIC to target financial literacy work to greater effect. Key findings were that young people, seniors, women, particularly older women, those with low levels of formal education and low income earners are significantly behind the rest of the community in financial literacy.
11. Disclosure and reporting of short sales from 19 November 2008
ASIC expects to lift the ban on covered short selling of non-financial stocks from 19 November 2008.
12. New website for Westpoint investors
The site includes general information about the estimated losses in respect of the Westpoint products.
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FIDO Website: Printed 12/03/2008
