Extracts from various websites This post as an attached document What is a Neo Bank? A neobank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal computer platforms only. Neobanks do not operate traditional physical branch networks. Neobanks are technology-driven and may adopt machine learning and artificial intelligence technologies whilst not being constrained by legacy systems of traditional banking competitors. Neo Banks are starting to evolve in Australia, with not only the introduction of equity crowdfunding, but legislation being put forward that reduces restrictions on an organisation. How does a Neo Bank work? Apps that facilitate the administration of accounts and credit cards are typical Neo Banks. They rely on customers having an account with an underlying Bank and corresponding bank license, bu offer a user-friendly interface. The extent to which customers are aware of the underlying bank relationship day to day may vary. Put simply, a ‘Neo Bank’ is a bank sitting on a 100% digital and mobile platform (ie: no physical branches), but more than that, [...]

https://theconversation.com/australia-is-the-runaway-global-leader-in-building-new-renewable-energy-123694 This is the link requested at our meeting------we never hear about it !! Peter PS I would note that even if investment goes down capacity can go up because costs are decreasing so much.

https://www.livewiremarkets.com/wires/sorry-your-kids-aren-t-getting-your-equities-or-your-house

https://www.livewiremarkets.com/wires/weak-big-bank-results-highlight-macquarie-as-best-in-class

"The 'yield curve' is one of the most accurate predictors of a future recession – and it's flashing warning signs" — http://theconversation.com/the-yield-curve-is-one-of-the-most-accurate-predictors-of-a-future-recession-and-its-flashing-warning-signs-119963

https://www.morningstar.com.au/stocks/article/green-shoots-morningstar-starts-cannabis-cove/194204?utm_source=morningstar&utm_medium=email&utm_term=click_thru&utm_content=test1&utm_campaign=morning_note

Shareholders in many of the cannabis companies to have listed on the Australian sharemarket in recent years are licking their wounds after the initial euphoria surrounding medical cannabis gives way to disappointment. Cannabis has been one of the hottest sectors of the market, after rapid growth in consumption of medicinal cannabis and legalisation of its recreational use in some parts of the world. The local industry started to gather steam after the government legalised patient access to Australian-grown and manufactured medicinal cannabis in 2016. The sector last year received a further boost when Australia lifted legal restrictions on the export of medical cannabis. That sent share prices sky high as day traders and short-term investors looked to cash in on the action. Dozen of cannabis companies – from cultivators to those developing medical cannabis – raised capital by conducting initial public offerings on the Australian Securities Exchange. Their shares initially made stellar gains for those who invested in the companies. However, the share prices of most of the companies in the sector have since dived. Many do [...]

ASX has announced that CHESS will be replaced with distributed ledger technology (DLT) in early 2021. While CHESS’s average monthly service availability over the last five years has been 99.99%, ASX states that the new DLT system (commonly referred to as ‘blockchain’) will improve upon CHESS and “provide a broader range of benefits to a wider cross section of the market”. Some of the main guiding principles for the project include providing greater control to issuers and end investors, taking future needs into account, and ensuring the new system is accessible, available, and reliable. We’re excitedly following Australia’s Consumer Data Right bill on open banking, and we hope to be able to integrate with CHESS (or its replacement) in the near future. (source: Sharesight)