1 00:00:05,880 --> 00:00:07,720 Speaker 1: Welcome to Fear and Greed Q and A, where we 2 00:00:07,800 --> 00:00:11,840 Speaker 1: ask and answer questions about business, investing, economics, politics and more. 3 00:00:11,960 --> 00:00:15,600 Speaker 1: Armshan Elmer that are about six hundred and fifty thousand 4 00:00:16,000 --> 00:00:19,360 Speaker 1: self managed super funds in Australia looking after more than 5 00:00:19,360 --> 00:00:23,799 Speaker 1: one trillion dollars in retirement funds, and that number is growing. 6 00:00:24,120 --> 00:00:27,720 Speaker 1: Individuals and their trustees are increasingly confident about looking after 7 00:00:27,760 --> 00:00:30,960 Speaker 1: their own money as they head towards retirement. But holding 8 00:00:31,000 --> 00:00:34,360 Speaker 1: a self managed superfund or an SMSF isn't always what 9 00:00:34,440 --> 00:00:37,240 Speaker 1: it's cracked up to be. Away from investing your money, 10 00:00:37,560 --> 00:00:40,880 Speaker 1: there are rules around compliance, investment strategies, and your meetings 11 00:00:40,960 --> 00:00:45,560 Speaker 1: host of other things. It is not uncomplicated. Don't forget too. 12 00:00:45,600 --> 00:00:48,720 Speaker 1: The government's Division two nine six super changes, whereby balances 13 00:00:48,760 --> 00:00:51,519 Speaker 1: above three million dollars will be hit with higher taxes, 14 00:00:52,000 --> 00:00:54,480 Speaker 1: is expected to kick in in the middle of twenty 15 00:00:54,560 --> 00:00:57,000 Speaker 1: twenty seven. Today, I wanted to look at all the 16 00:00:57,120 --> 00:01:01,640 Speaker 1: non investing bits of owning an SMS. This episode is 17 00:01:01,680 --> 00:01:04,319 Speaker 1: part of a partnership with class Ignite twenty twenty five, 18 00:01:04,600 --> 00:01:07,240 Speaker 1: who are great supporters of this podcast. Kate Anderson is 19 00:01:07,280 --> 00:01:10,920 Speaker 1: the general manager of now Infinity Kate, Welcome to Fear 20 00:01:10,959 --> 00:01:11,399 Speaker 1: and Greed Q. 21 00:01:11,440 --> 00:01:13,800 Speaker 2: And a thanks Sean, thank you for having me. 22 00:01:14,200 --> 00:01:18,959 Speaker 1: Let's start with some definitions. The member in an SMSF, 23 00:01:19,760 --> 00:01:23,520 Speaker 1: the trustee and the advisor, just to find well, the member, 24 00:01:23,560 --> 00:01:26,280 Speaker 1: I think we know that's the person who is putting 25 00:01:26,319 --> 00:01:29,120 Speaker 1: their money away. But the trustee and the advisor, what 26 00:01:29,200 --> 00:01:30,440 Speaker 1: sort of roles did they play? 27 00:01:30,760 --> 00:01:33,679 Speaker 2: That's a great question, Sean, and often get that question, 28 00:01:34,080 --> 00:01:36,840 Speaker 2: particularly those people that are looking to set up a 29 00:01:36,920 --> 00:01:39,319 Speaker 2: self medage super fund. And most people do that because 30 00:01:39,360 --> 00:01:42,720 Speaker 2: they love that idea of having that control and flexibility. 31 00:01:42,920 --> 00:01:45,880 Speaker 2: But I suppose with that control and with that flexibility 32 00:01:46,160 --> 00:01:48,320 Speaker 2: and being a member of a self medage super fund, 33 00:01:48,360 --> 00:01:51,360 Speaker 2: you are also a trustee. So trustees are members and 34 00:01:51,400 --> 00:01:54,840 Speaker 2: members are trustees. Therefore, as a trustee and a member 35 00:01:54,840 --> 00:01:58,040 Speaker 2: of the fund, you are solely responsible for everything that 36 00:01:58,080 --> 00:02:01,440 Speaker 2: goes on in that fund. You're a responsible for running 37 00:02:01,480 --> 00:02:05,240 Speaker 2: the fund in line with superannuation and tax law, adhering 38 00:02:05,320 --> 00:02:09,480 Speaker 2: to all the compliance requirements. You're responsible for meeting the 39 00:02:09,520 --> 00:02:12,480 Speaker 2: sole purpose tests. So the sole purpose test means the 40 00:02:12,520 --> 00:02:16,200 Speaker 2: reason as to why you're setting up the fund and 41 00:02:16,280 --> 00:02:18,880 Speaker 2: why you're investing in particular assets to pay for a 42 00:02:18,919 --> 00:02:22,160 Speaker 2: retirement benefit or to pay for a benefit in the 43 00:02:22,200 --> 00:02:25,440 Speaker 2: event of death. You're responsible for setting up the investment 44 00:02:25,520 --> 00:02:29,440 Speaker 2: strategy of the fund, complying with all the investment restrictions, 45 00:02:29,520 --> 00:02:34,400 Speaker 2: accepting contributions and rollovers. So as a trustee, they're your responsibilities. 46 00:02:34,639 --> 00:02:37,680 Speaker 2: You need to adhere to all those requirements under super 47 00:02:37,720 --> 00:02:41,160 Speaker 2: and also under tax law. So that's where the role 48 00:02:41,200 --> 00:02:45,080 Speaker 2: of a financial planner can be crucial in helping members 49 00:02:45,120 --> 00:02:48,600 Speaker 2: and trustees of self managed super funds adhering to all 50 00:02:48,720 --> 00:02:51,640 Speaker 2: those legal requirements that come with running your own self 51 00:02:51,639 --> 00:02:52,520 Speaker 2: managed superfund. 52 00:02:52,840 --> 00:02:55,480 Speaker 1: So the planner can help you, but basically there's no 53 00:02:55,600 --> 00:02:56,960 Speaker 1: safety net because you are the. 54 00:02:56,960 --> 00:03:00,800 Speaker 2: Trustee, correct. So therefore we often talk to people about 55 00:03:00,840 --> 00:03:04,600 Speaker 2: setting up an SMSF, but also making sure that they 56 00:03:05,000 --> 00:03:07,919 Speaker 2: understand what it means to set up a self means 57 00:03:08,040 --> 00:03:11,320 Speaker 2: super fund and what comes with it, the obligations, particularly 58 00:03:11,639 --> 00:03:15,200 Speaker 2: the compliance obligations, and making sure that they're putting in 59 00:03:15,200 --> 00:03:18,560 Speaker 2: their annual tax returns that they're looking at getting an 60 00:03:18,639 --> 00:03:20,839 Speaker 2: order to have a look at their fund, that they're 61 00:03:20,880 --> 00:03:24,480 Speaker 2: adhering to investment strategy. So the advisor is there to 62 00:03:24,520 --> 00:03:27,680 Speaker 2: guide and to I suppose inform you as well of 63 00:03:27,760 --> 00:03:30,400 Speaker 2: what you can and what you can't do. But we 64 00:03:30,520 --> 00:03:33,320 Speaker 2: always say it's always really important for the members and 65 00:03:33,320 --> 00:03:36,520 Speaker 2: trustees of funds to educate themselves as well, why am 66 00:03:36,560 --> 00:03:39,560 Speaker 2: I setting up this fund? In particular what can I 67 00:03:39,640 --> 00:03:42,600 Speaker 2: invest in and what can I invest in and whatever 68 00:03:42,720 --> 00:03:45,600 Speaker 2: decisions are making within that fund. I need to make 69 00:03:45,640 --> 00:03:48,960 Speaker 2: sure that I am fully informed of what decisions I 70 00:03:49,000 --> 00:03:51,080 Speaker 2: am making, what I can and what I can't do, 71 00:03:51,440 --> 00:03:55,680 Speaker 2: and then also documenting everything. So very different in so 72 00:03:55,880 --> 00:03:58,680 Speaker 2: far as the obligations of being a member and trustee 73 00:03:58,680 --> 00:04:02,600 Speaker 2: of your own SM compared to say being an industry 74 00:04:02,600 --> 00:04:07,240 Speaker 2: fund or aprofund, so advantages and disadvantages for both of those. 75 00:04:07,480 --> 00:04:09,560 Speaker 1: I must say, Okay, I had a DIY fund or 76 00:04:09,560 --> 00:04:11,720 Speaker 1: a self managed super fund and it was too hard. 77 00:04:12,080 --> 00:04:14,080 Speaker 1: Like after a couple of years, I decided that I 78 00:04:14,080 --> 00:04:16,680 Speaker 1: actually wasn't doing it very well and I stopped doing it. 79 00:04:16,880 --> 00:04:19,800 Speaker 1: Notwithstanding that more and more people are actually setting up 80 00:04:19,839 --> 00:04:22,520 Speaker 1: these funds. In terms of duties and obligations, you sort 81 00:04:22,520 --> 00:04:28,040 Speaker 1: of went through those in the paperwork sense and your 82 00:04:28,040 --> 00:04:32,680 Speaker 1: meetings and things like that. Is there any legislative requirement 83 00:04:33,880 --> 00:04:35,919 Speaker 1: on how you invest on I mean, you have to 84 00:04:35,920 --> 00:04:38,200 Speaker 1: have an investment strategy, which will go into in a moment. 85 00:04:38,560 --> 00:04:41,479 Speaker 1: But do you have your own You can't have your 86 00:04:41,520 --> 00:04:44,400 Speaker 1: own best interests duty, can you? I mean you do, 87 00:04:44,920 --> 00:04:46,360 Speaker 1: trustees of other funds do. 88 00:04:46,480 --> 00:04:48,719 Speaker 2: But yeah, and I suppose that comes back to the 89 00:04:48,760 --> 00:04:51,839 Speaker 2: sole purpose test that whatever you're investing in or whatever 90 00:04:51,880 --> 00:04:54,800 Speaker 2: your self means to super funding is investing in, you're 91 00:04:54,880 --> 00:04:58,159 Speaker 2: doing it for retirement purposes or to pay out a 92 00:04:58,200 --> 00:05:01,320 Speaker 2: benefit in the event of death. And that's really important 93 00:05:01,360 --> 00:05:04,599 Speaker 2: and that's what the ATO look at. And that's part 94 00:05:04,600 --> 00:05:09,039 Speaker 2: of even setting up an SMSF and signing a trustee 95 00:05:09,040 --> 00:05:12,480 Speaker 2: declaration form as well. You're acknowledging as a member and 96 00:05:12,520 --> 00:05:16,039 Speaker 2: trustee your responsibilities of being the member and trustee, that 97 00:05:16,160 --> 00:05:19,200 Speaker 2: you're adhering to the sole purpose test, that you're complying 98 00:05:19,240 --> 00:05:22,680 Speaker 2: with all the laws under SUPERINTAX, that you're looking at 99 00:05:22,680 --> 00:05:25,680 Speaker 2: your investment strategy. What are you investing in through your 100 00:05:25,960 --> 00:05:29,080 Speaker 2: self media super fund and why are you investing in it? 101 00:05:29,600 --> 00:05:32,680 Speaker 2: Are you keeping proper records of all those things that 102 00:05:32,720 --> 00:05:37,039 Speaker 2: you are investing and making sure that you adhere to 103 00:05:37,279 --> 00:05:40,480 Speaker 2: all the requirements as to what you can and what 104 00:05:40,520 --> 00:05:42,719 Speaker 2: you can't invest in. And one of the most common 105 00:05:42,800 --> 00:05:45,760 Speaker 2: questions I get is who can you actually acquire an 106 00:05:45,800 --> 00:05:48,120 Speaker 2: asset off? And a lot of people ask a really 107 00:05:48,120 --> 00:05:51,159 Speaker 2: simple question, and it's always to do with property, because 108 00:05:51,200 --> 00:05:54,120 Speaker 2: Australians have a love affair with properties, saying, Kate, if 109 00:05:54,160 --> 00:05:57,359 Speaker 2: I've got an apartment or a unit outside my self 110 00:05:57,400 --> 00:05:59,719 Speaker 2: medings super fun and I own it, so it's under 111 00:05:59,720 --> 00:06:02,520 Speaker 2: the name of Kate Anderson, can I acquire that fund? 112 00:06:02,560 --> 00:06:04,920 Speaker 2: Can I acquire that unit and put it into myself 113 00:06:04,960 --> 00:06:07,280 Speaker 2: needs super fund because it might be better in that 114 00:06:07,560 --> 00:06:11,240 Speaker 2: really nice concessionally taxed environment. So the first question that 115 00:06:11,279 --> 00:06:14,680 Speaker 2: you ask of whatever you're acquiring in your fund or 116 00:06:14,720 --> 00:06:17,560 Speaker 2: for your fund is who you're acquiring it off. And 117 00:06:17,600 --> 00:06:20,680 Speaker 2: there are rules and restrictions on what who you can 118 00:06:20,720 --> 00:06:23,919 Speaker 2: acquire from, and you can't acquire from a related party. 119 00:06:24,160 --> 00:06:27,520 Speaker 2: So I can't acquire that property because it's in my 120 00:06:27,560 --> 00:06:30,720 Speaker 2: own name. There are exceptions though to that. I can 121 00:06:30,800 --> 00:06:34,279 Speaker 2: acquire listed securities if they're in my own name, or 122 00:06:34,360 --> 00:06:37,560 Speaker 2: I can acquire what we refer to as business real property. 123 00:06:37,920 --> 00:06:40,440 Speaker 2: So if business real property is property that is used 124 00:06:40,520 --> 00:06:43,680 Speaker 2: wholly and exclusively in the course of carrying on a business. 125 00:06:43,760 --> 00:06:47,440 Speaker 2: So instead of that unit being a residential unit. Say 126 00:06:47,480 --> 00:06:50,200 Speaker 2: I was a mechanic and I had a shop that 127 00:06:50,279 --> 00:06:53,960 Speaker 2: I was running my mechanic shop from, and that the 128 00:06:53,960 --> 00:06:58,320 Speaker 2: premises were used wholly in exclusively in running that mechanic shop, 129 00:06:58,560 --> 00:07:02,080 Speaker 2: then I could acquire a transfer that property into my 130 00:07:02,120 --> 00:07:05,560 Speaker 2: self meaning superfund. That's why you find the smsfs are 131 00:07:05,640 --> 00:07:10,040 Speaker 2: popular among small business owners doctors who are wanting to 132 00:07:10,160 --> 00:07:14,000 Speaker 2: transfer their assets into their smsfs, or their business premises 133 00:07:14,120 --> 00:07:16,840 Speaker 2: into their smsfs. But if I'm doing that as well, 134 00:07:17,000 --> 00:07:19,520 Speaker 2: I need to make sure that if I'm acquiring that 135 00:07:19,600 --> 00:07:23,480 Speaker 2: business premise off myself or I'm transferring it in, I 136 00:07:23,640 --> 00:07:26,520 Speaker 2: need to make sure as well that I'm adhering to 137 00:07:26,880 --> 00:07:29,600 Speaker 2: all the auder to requirements. So I can't just pay 138 00:07:29,840 --> 00:07:32,080 Speaker 2: say one hundred dollars for that property. It needs to 139 00:07:32,160 --> 00:07:35,440 Speaker 2: be done at market rates. I need to be and 140 00:07:35,640 --> 00:07:38,040 Speaker 2: have documentation to say that it has been done at 141 00:07:38,080 --> 00:07:41,080 Speaker 2: market rates. Then once it's in the fund, then what 142 00:07:41,240 --> 00:07:43,360 Speaker 2: do I do with it? Well, I might least it 143 00:07:43,480 --> 00:07:45,920 Speaker 2: to myself because I want to operate my business from 144 00:07:45,960 --> 00:07:48,920 Speaker 2: those premises. So again you need to make sure that 145 00:07:49,080 --> 00:07:52,800 Speaker 2: the arrangement, so the least arrangement that you have with yourself, 146 00:07:52,880 --> 00:07:55,400 Speaker 2: as a small business owner. Is all done at arm's 147 00:07:55,480 --> 00:07:57,960 Speaker 2: length and all done at market rates as well. So 148 00:07:58,080 --> 00:08:00,560 Speaker 2: there's lots of bits and pieces that you need to 149 00:08:00,640 --> 00:08:04,680 Speaker 2: be considering when you're entering into these transactions or when 150 00:08:04,720 --> 00:08:06,440 Speaker 2: you're acquiring assets for your fund. 151 00:08:07,000 --> 00:08:10,680 Speaker 1: So is it possible to do it yourself or mostly 152 00:08:10,760 --> 00:08:14,440 Speaker 1: you do need legal advice and you do need financial advice. 153 00:08:15,080 --> 00:08:17,080 Speaker 2: That's a great question. I don't think that you can 154 00:08:17,160 --> 00:08:19,920 Speaker 2: never put a price on getting the financial advice. I 155 00:08:20,000 --> 00:08:24,520 Speaker 2: even know in my own personal circumstances, even looking through 156 00:08:24,640 --> 00:08:27,280 Speaker 2: say things for my parents with regard to retirement planning 157 00:08:27,360 --> 00:08:29,680 Speaker 2: and entering into age care, you just can't put a 158 00:08:29,760 --> 00:08:33,040 Speaker 2: price in it. I think today it's very complicated with 159 00:08:33,200 --> 00:08:37,640 Speaker 2: regard to superannuation law, tax law, what you can and 160 00:08:37,800 --> 00:08:41,240 Speaker 2: what you can't do. You also mentioned perhaps the introduction 161 00:08:41,360 --> 00:08:44,240 Speaker 2: of this Div two ninety six tax. What does that mean? 162 00:08:44,679 --> 00:08:48,439 Speaker 2: I think if you're really serious and you want to 163 00:08:48,720 --> 00:08:51,319 Speaker 2: run it and adhere to all the requirements, I think 164 00:08:52,600 --> 00:08:55,520 Speaker 2: you do need and would be strongly recommended to seek 165 00:08:55,559 --> 00:08:58,480 Speaker 2: financial advice as well on it to keep up to 166 00:08:58,559 --> 00:09:00,600 Speaker 2: date with everything that goes on. I mean, and it changes, 167 00:09:00,679 --> 00:09:03,360 Speaker 2: as you know, on quite a regular basis of what 168 00:09:03,480 --> 00:09:04,480 Speaker 2: you can and what you can't do. 169 00:09:04,840 --> 00:09:07,000 Speaker 1: Yeah, so very much. The bottom line in this is 170 00:09:07,120 --> 00:09:10,559 Speaker 1: there's the investing part and then there's a non investing part, 171 00:09:10,679 --> 00:09:13,680 Speaker 1: and the non investing part can be complex. You really 172 00:09:13,800 --> 00:09:15,120 Speaker 1: need to get your head around it. You have to 173 00:09:15,120 --> 00:09:18,160 Speaker 1: spend time getting your head around it. Get advice if 174 00:09:18,200 --> 00:09:20,640 Speaker 1: you can. But it's also not set and forget because 175 00:09:20,679 --> 00:09:23,160 Speaker 1: things change and dive too, ninety six being a good 176 00:09:23,200 --> 00:09:25,640 Speaker 1: example of that. Do you think that will affect well, 177 00:09:25,920 --> 00:09:27,480 Speaker 1: I mean, we do have the numbers on how many 178 00:09:27,480 --> 00:09:31,440 Speaker 1: people that will affect, but for a lot of small businesses, farmers, 179 00:09:32,800 --> 00:09:34,640 Speaker 1: that could be very tricky. Although I think they are 180 00:09:34,720 --> 00:09:37,920 Speaker 1: going to change the unrealized asset part of it. How 181 00:09:37,960 --> 00:09:38,880 Speaker 1: do you think that'll play out? 182 00:09:39,160 --> 00:09:41,240 Speaker 2: They are gosh, and do you know what I must 183 00:09:41,280 --> 00:09:44,440 Speaker 2: say to put a positive spin on it. It's got 184 00:09:44,520 --> 00:09:48,040 Speaker 2: people talking about superannuation again, which is a great thing, 185 00:09:48,679 --> 00:09:51,520 Speaker 2: and it has been spoken about for quite a number 186 00:09:51,520 --> 00:09:53,800 Speaker 2: of years. It was announced in the budget I think 187 00:09:53,840 --> 00:09:56,360 Speaker 2: two or three years ago, and there has been a 188 00:09:56,440 --> 00:09:59,240 Speaker 2: huge amount of work done by industry bodies, done by 189 00:09:59,320 --> 00:10:01,840 Speaker 2: financial plans anders who have actually been down and speaking 190 00:10:01,920 --> 00:10:04,600 Speaker 2: to the relevant parties in Canberra to try and get 191 00:10:05,120 --> 00:10:08,240 Speaker 2: some things changed. So Div. Two ninety six just overall 192 00:10:08,400 --> 00:10:12,400 Speaker 2: is that proposed new tax to look at imposing an 193 00:10:12,400 --> 00:10:16,880 Speaker 2: additional fifteen percent tax on earnings for balancers superbalances above 194 00:10:17,080 --> 00:10:20,760 Speaker 2: three million. So in the original draft legislation there was 195 00:10:20,800 --> 00:10:24,800 Speaker 2: no indexation applied to that three million. As we all know, 196 00:10:25,160 --> 00:10:27,480 Speaker 2: the treasure has announced over that I think in the 197 00:10:27,559 --> 00:10:30,120 Speaker 2: last month that there are changes to that that they 198 00:10:30,200 --> 00:10:33,120 Speaker 2: will look at indexing that three million cup which is great, 199 00:10:33,480 --> 00:10:36,719 Speaker 2: and also that they won't tax those unrealized gains. So 200 00:10:36,880 --> 00:10:39,720 Speaker 2: again it's a really good example of just making sure 201 00:10:39,760 --> 00:10:43,439 Speaker 2: that you're keeping up to date with the original legislation 202 00:10:43,600 --> 00:10:46,360 Speaker 2: that comes out, the draft legislation that comes out, and 203 00:10:46,480 --> 00:10:48,760 Speaker 2: then how they tinker and play with it to what 204 00:10:48,920 --> 00:10:52,600 Speaker 2: it looks like in the end. Again important for if 205 00:10:52,640 --> 00:10:55,319 Speaker 2: you're in that position, if you've got assets above you 206 00:10:55,360 --> 00:10:57,520 Speaker 2: know the value of three million, what are you doing? 207 00:10:57,640 --> 00:11:01,320 Speaker 2: Are you talking to a financial planner? The leg hasn't passed. 208 00:11:01,400 --> 00:11:04,959 Speaker 2: It may they may tinker with it again, So what 209 00:11:05,160 --> 00:11:07,640 Speaker 2: do I do? Do I go back and I start 210 00:11:07,679 --> 00:11:10,920 Speaker 2: selling assets will probably not like That's again the value 211 00:11:10,960 --> 00:11:13,559 Speaker 2: of where financial advice comes in that, I'd be sitting 212 00:11:13,640 --> 00:11:16,360 Speaker 2: down and talking to my advisor, as you said, particularly 213 00:11:16,760 --> 00:11:20,280 Speaker 2: small business owners, people that had big bulky assets in there, 214 00:11:20,600 --> 00:11:23,599 Speaker 2: like residential or commercial properties, and saying, Okay, what do 215 00:11:23,720 --> 00:11:26,400 Speaker 2: I need to do If I need to pay this 216 00:11:26,600 --> 00:11:29,160 Speaker 2: tax once it comes through? How do I play it? 217 00:11:29,240 --> 00:11:31,559 Speaker 2: Because it's a personal tax, you'd be able to release 218 00:11:31,640 --> 00:11:34,280 Speaker 2: it from your fund, but I need cash within that 219 00:11:34,760 --> 00:11:38,400 Speaker 2: in the fund. So there's lots of things to consider. 220 00:11:38,520 --> 00:11:41,559 Speaker 2: And again where the value of advice comes in as well. 221 00:11:41,760 --> 00:11:44,760 Speaker 2: Don't make any rash decisions. Wait, talk to your advisor, 222 00:11:45,120 --> 00:11:48,440 Speaker 2: discuss what the options may be, but certainly don't start 223 00:11:48,520 --> 00:11:51,760 Speaker 2: selling down assets and things like that. Give it time, 224 00:11:51,920 --> 00:11:56,320 Speaker 2: give it serious consideration and consultation with the experts. 225 00:11:56,679 --> 00:11:58,280 Speaker 1: Kate, thank you for talking to Fear and Greed Q 226 00:11:58,360 --> 00:12:01,800 Speaker 1: and a thanks Sean. That's Kate Anderson, general manager of 227 00:12:02,160 --> 00:12:05,920 Speaker 1: now Infinity. That's inn ow capitl I n f I 228 00:12:06,080 --> 00:12:09,400 Speaker 1: n I T Y now Infinity class Ignite twenty twenty 229 00:12:09,440 --> 00:12:11,160 Speaker 1: five is a great supporter of Fear and Greed and 230 00:12:11,240 --> 00:12:13,960 Speaker 1: we're proud to partner with them to bring you this series. 231 00:12:14,200 --> 00:12:15,920 Speaker 1: If you've got something you'd like to notice and your 232 00:12:16,000 --> 00:12:19,400 Speaker 1: question via LinkedIn, Instagram, Facebook, or head over to Fearangreed 233 00:12:19,440 --> 00:12:21,400 Speaker 1: dot com dot au. I'm sure I all that, and 234 00:12:21,440 --> 00:12:23,160 Speaker 1: this is fear and Greed Q and D.