SMSF buys exotic assets

Question: My SMSF clients want to buy and install solar electricity generators: www.industry.nsw.gov.au Can a SMSF purchase the system (and the associated meter) and feedback power into the grid for profit. The property owner also pays a fee. Therefore, the SMSF gets […]

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S.Korea’s POSCO buys Japan’s power firm for $7.4 mln

SEOUL, Dec 5 (Reuters) – South Korea’s POSCO , the world’s No.3 steelmaker, said on Sunday that it had acquired Japanese power generation company Xenesys Inc. for 610 million yen ($ 7.4 million), its first acquisition of a non-steel firm overseas. Read […]

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