The Federal Government’s Super System Review is said to have been shocked by the figure of more than $13 million daily being drained from retirement savings because of under-performing retail superannuation funds and commissions paid to financial planners. This is the latest worrying fact to be put before the year long Canberra enquiry which is soon to start finalising its recommendations on how the one trillion dollar super industry is to be restructured.

The first detailed study of our self-managed superannuation fund sector has found that most funds contain between $200,000 and $500,000 in shares and cash deposits, and funds with less than $50,000 are the lowest performers.

The Reserve Bank of Australia (RBA) has begun to issue warnings. The RBA is now ringing the alarm bells on the huge levels of debt both private and government which, the RBA says, is now the equivalent to the total Gross Domestic Product and around $74,000 for every person in this country. Most analysts have viewed the warning as a sure sign that the RBA will be using this problem as another reason to raise interest rates soon.

Many economists are hopeful that the recent news about the reduction in lending will contribute to the RBA calling a halt to what has been a monthly increase to the basic cash rate. Observers say the fact that recent rate increases have lead to an eight month low in total lending has to have an effect on the next RBA meeting.

While the finance numbers may be down, the RBA will also be influenced by the way the number of new jobs and house prices continue to boom. It is becoming increasingly obvious through the many statistics emerging, that the economy is firing strongly on most cylinders. Certainly, the RBA will have a balancing act to perform when it meets in early February.

In case you missed it in the media hype of the festive season, the last set of annual financial numbers put out by the Australian Bureau of Statistics (ABS) painted an incredible picture. They showed 2009 had been a year of excellent recovery in everything that matters. Overall, the statistics reveal the all important growth in household wealth had been the strongest for a generation. The ABS attributes most of the recovery to the lift in stock markets, house prices and super funds.

While the ABS statistics in late December contained a number of very interesting facts, one which has escaped media scrutiny is that foreign investors now account for 40 percent of Australian shares, up from 30 percent a few years ago. Clearly investors with access to cheap money have used it as part of upward pressure on values. But to keep perspective on where prices really sit, our stock market is still 30 percent below its 2007 peak.

Running a business is costly, however, you can reduce your expenditure by taking advantage of leasing options. No matter what type of business you are in, whether it is big or small, you will always require equipment and supplies. By using a leasing option offered by Madison Finance you will be able to get the equipment you need for your business, without having to pay for the items upfront. Experienced business owners have used business equipment leasing as a money saving technique for years, and as a method to get the latest equipment available.

Not only do we lease items required for offices but we can also arrange leases for larger pieces of equipment, such as trucks, commercial vehicles and the like. Manufacturing equipment for specialised production can also benefit from leasing.

By leasing your equipment you will receive savings immediately and in the long term. Your immediate saving is by not tying up your own cash. Rather than outlaying thousand of dollars to fitout an office, you can manage the fitout by paying in manageable monthly instalments. Your long term savings come in the way of tax benefits and interest accrued on the money you didn’t need to outlay.

An added benefit of leasing your equipment is the ability to constantly update your old equipment. It alleviates the worry of retaining outdated technology and provides you with the very latest technology. We know that technology is constantly evolving and improving, which means that technology purchased is often obsolete within a short timeframe. This way you can update your technology every couple of years.

Business equipment leasing allows you to get what is required right now, rather than waiting for your cash flow to permit it. Buying your business equipment as you can afford it means you can risk damaging your business operations and it allows your competitors an edge. A business equipment lease will alleviate this problem and allow you to have the equipment needed to run your business efficiently and effectively.

Leasing medical equipment is a cost effective way of ensuring that you have the latest equipment on hand. By leasing medical equipment you can protect yourself from retaining obsolete equipment. Leasing rather than buying is beneficial in being able to provide your clients with the latest technology and thus the greatest level of care.

Madison Finance has medical leasing specialists available to guide you every step of the way through your next medical lease. We are constantly finding new equipment financing solutions for our clients in the medical profession. We can provide you with competitively priced flexible leasing arrangements for both new and used medical equipment, software and IT assets. Favourable leasing terms are provided to medical professionals. We understand the process of obtaining medical equipment leasing and can expedite the process to make it as simple and inexpensive as possible.