A few years ago Dr Timothy Kyng was looking at Retirement Homes with his mother. As a researcher who specialises in the analysis of complex financial products, Tim did not expect that the contracts on offer would tax his analytical capacity. There is a lot of variation in the entry fees, ongoing fees and so called “deferred management fees” across the retirement village industry. It is difficult and time consuming to get the details of how the contracts work and it is even more difficult to compare one with another. Comparison shopping is hard to do but Tim set out to make financial comparisons of retirement village contracts easier by computing a “comparison rent metric”, similar in concept to the comparison interest rate that banks must quote to consumers when they lend money for home mortgages.
Since the introduction of competitive electricity markets and power exchanges the amount of risk borne by market participants has increased substantially. Electricity cannot be economically stores and requires immediate delivery.
Stanley Choi has investigated Australia’s Continuous Disclosure Regime to identify if the Responsive Enforcement Strategy initiated in the early 2000s by the Australian Securities Investment Commission actually works.
The research focuses on the dynamics between the prices of crude oil and various refined product such as diesel, petroleum, petrochemical, intermediaries, polymers and plastics.