If you have read a financial report or have done some bookkeeping you may find the account “Cash and cash equivalents” you may know it may not be actual cash but in simple terms behaves very similarly to money.
If you have some element of your superannuation or other managed investment monies allocated to the asset class “cash” you may be surprised that it is not actually “cash”.
APRA (Australian Prudential Regulatory Authority) has recently released information that some investments characterised asset-based and mortgage backed securities as cash. Additionally, commerical bonds, hybrid debit instruments, credit default swaps and loans to the mix and you arguable have a very different risk profile from cash.
If you are unsure you should check with provider or make an appointment with our financial advisors on +613 9846 6542 or email firstname.lastname@example.org
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Taxation, legal and other matters referred to on this website are of a general nature only and are based on the author’s interpretation of laws existing at the time and should not be relied upon in place of appropriate professional advice. Those laws may change from time to time.