The Money Doctors

When you are hiring someone, it might be helpful to think about it in terms of commencing a relationship. That’s according to John Ryan, Senior Workplace Relations Advisor with AMA Victoria. And so, if it ever comes to letting a worker go because of poor performance of or other difficulties, he says, you are merely ending the relationship. In this episode, John reiterates to Tony Bongiorno, Director of the Bongiorno Group, why this is an important distinction.

 

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals. 

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/ 

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

If an employer has firmly decided to end the employment of a staff member, how can it be done respectfully, with generosity and quickly? John Ryan has facilitated these redundancy conversations for many years in his various roles. Today he is Senior Workplace Relations Advisor with AMA Victoria. In part 1 of handling redundancies, John joins Tony Bongiorno, Director of the Bongiorno Group, to discuss the right approach and what language to use. 

 

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals. 

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/ 

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

Over the years AMA Victoria has continued to provided tremendous support for individual members, as well as the medical profession and the wider community. From a workplace relations viewpoint, the AMA team assists doctors concerned with their employment and negotiates enterprise agreements on their behalf. It also facilitates much needed initiatives like the Victorian Doctors Health Program and the Peer Visitor Program.

The newly elected president is surgeon Dr Jill Tomlinson. In this episode, she joins Tony Bongiorno, Director of the Bongiorno Group, to discuss the advantages of AMA Victoria membership.

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.  

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

The new financial year has seen the introduction of new rules to paid a parental leave, which is more attractive to new parents. To determine whether you’re qualified to take advantage of the changes, Ricky Caldow, Associate Director at the Bongiorno Group explains the details. 

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals. 

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

For the uninitiated, the financial and accounting world can be quite a complicated beast. The job titles alone reflect the myriad of different roles and services on offer. 

Ricky Caldow and Mitch McKeown, both Associate Directors at the Bongiorno Group, discuss the different titles – including accountants, bookkeepers, mortgage brokers, financial advisors, and so on – and whether it’s possible they can work together. 

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals. 

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

There are some things we put off thinking about or discussing because they’re just too depressing. Also, we don’t think it’ll happen to us…until of course it does. If you get injured or lose your life, being insured will help your loved ones financially. 

In this episode, the Bongiorno Group’s Associate Director Ricky Caldow and Financial Advisor Jess Weaver explain some of the most important options including life insurance, total permanent disablement (or TPD) insurance and trauma insurance. 

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

 

See omnystudio.com/listener for privacy information.

Before investing in anything – whether that’s shares, managed funds, property, etc. – it’s worth understanding your risk appetite. To ascertain that, it’s advisable to undergo a risk profile, by answering a set of questions to measure how aggressive or conservative you are in managing risk. 

The Bongiorno Group’s Head of Advice Operations Stacey Forfar addresses the ins and outs or risk profiling with Director Nick Fennessy. They explain how often you should consider reviewing your risk profile. 

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals. 

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

If – heaven forbid – you are struck down by illness or worse, you would want the peace of mind that you and your family’s financial situation doesn’t also take an ill turn. That’s where an income protection policy is worth exploring, as a safeguard to those times of crisis. 

Mitch McKeown and Ricky Caldow, both Associate Directors at the Bongiorno Group, explain how an income protection policy is not a one-size-fits-all solution. It all depends on your situation, they say. 

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals. 

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

Issues between individuals in the workplace can sometimes turn into disputes, with both parties at logger heads if left unresolved. According to John Ryan, Senior Workplace Relations Advisor with AMA Victoria, disputes between doctors and management most typically include rates of pay and hours of work, performance management, and disciplinary matters.

John Ryan explains to Tony Bongiorno, Director of the Bongiorno Group, that if a particular dispute affects one doctor it generally affects others, which could become a collective dispute. 

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.

Workers across all industries, are subject to different rules, contracts and industrial awards. Where, then, does an enterprise bargaining agreement fit in – particularly in relation to medical professionals? To shine some light on the complexities is John Ryan, Senior Workplace Relations Advisor with AMA Victoria. John discusses with Tony Bongiorno, Director of the Bongiorno Group, those who might or might not be covered by an enterprise bargaining agreement.

The Money Doctors Is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

See omnystudio.com/listener for privacy information.