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Australia keeps its Prime Minister, cuts rates and eases lending requirements while major central banks continue to support the market with dovish comments as offset by continued concerns over trade.
In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a member has directed otherwise.
This morning the ASX200 trades at its highest level since pre the GFC (2007), and the S&P500 also remains within 3-4% of its all-time high.
With the Australian Federal Election resolved and the coalition victory surprising most pundits, there is a lot to discuss and a lot to re-calibrate.
Global uncertainty and local rate cuts support exposures to Australian alternative lending
The election outcome sets the country on a path for improved economic growth, but not until 2020.
With the Coalition returning to Government, and a likely ability to govern in its own right, with at least 76 seats expected to be won, the 2019 Federal Budget is once again a focus.