I can see the logic in letting their market-traded holdings be managed by someone else. JPM and ANZ would already have the expertise and infrastructure in place to run a brokerage and commercial bank account respectively. Not to mention having the required regulatory compliance. Probably cheaper for Vanguard than spinning up their own teams. Also probably cuts costs by not having to administer two separate businesses which run parallel.
TassieTosser
Premier Daniel Andrews said the changes would give Victoria the toughest electronic gambling restrictions in Australia.
Tas is limiting our cashless gambling card to $100 per day, $500 per month and a soft cap of $5,000 per year. I'd say you gotta try harder, Dan. You can tell it'll be effective because the hospitality and gaming industries are big mad about it.
I want to see all political advertising and donations banned outright with all parties getting an allocated budget from the AEC.
We need more of this mixed used housing.
The SAG is more than just the big-name celebs that come to mind when we think of "actors/actresses". It also covers all the extras and up-and-coming talent who aren't powerful enough to have negotiating power. One of the causes behind the strike are the parasites wanting to pay extras a day's work ($187) to come in and get a full body scan done so they can continue to use their likeness in perpetuity.
So they're organising boycotts and funding more union movements too right?
Hi-ho, hi-ho.
I did a little digging and it looks like the following is also going to change:
- Vanguard is acting as a middleman and JP Morgan is going to be the actual owner of the ETFs. They will be held in trust for Vanguard who holds them in trust for investors. The managed funds are still owned by Vanguard. You are the beneficial owner but Vanguard holds the legal title.
- All transactions now go through a Vanguard Cash Account. That's some savings account run by ANZ on behalf of Vanguard. So I think this means you can't directly buy ETFs with BPay anymore, you have to deposit money into your VCA and then buy ETFs through that. Currently no account fee as they take a cut of the interest paid to the account by ANZ. Vanguard is going to take all the interest for the 2023-24FY so the account currently pays 0% interest. Their cut changes annually.
- You now need to manage your VCA. They'll be taking fees out of the VCA instead of deducting fees from your investments. So you'll need to keep some sort of running balance in your VCA to cover your account fees. They say they reserve the right to start selling your investments to cover any outstanding fees.
- Ability to set up a direct debit payment. Not sure if this was already the case but now you can set up a DD into your VCA to invest automatically every payday.
- Wholesale fees. Guessing the fees are now lower?
- Lower minimum buy-in. Minimum setup is now $500. Think it used to be $5000.
- Allows you to directly buy shares on the ASX now. Don't know if this was always the case?
The Bob Brown Foundation has been fighting this. The bastards promised no more native forest logging but caved to "Sustainable" Timbers Tasmania.
The @ points your browser to the community on the right instance. As for the link taking you to the base instance while on kbin, it's because kbin uses /m/ instead of /c/ as a separator like Lemmy. So for you to visit that NCD from kbin, the link would be https://kbin.social/m/[email protected]. Also it looks like kbin is still having problems receiving updates from lemmy and vice versa.
I miss the age of videogame demos
Fuck the corps. That's what piracy is for.
The problem is the tax writeoffs are for businesses. You can't close that loophole unless the govt gets into the weeds of defining exactly what a "work truck" is. Those people who claim tax writeoffs on these yank tanks actually do use them for work or appear to. ~~Even if the use is just driving to work.~~