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Posted on Apr 25, 2017

Federal Govt asking if you want a free trade agreement with Hong Kong

Federal Govt asking if you want a free trade agreement with Hong Kong

Do you want a free trade agreement with Hong Kong? The Federal Government is asking for your views. Not a bad idea considering there are over 600 Australian businesses, including four major banks, already there.  An FTA could also lock in access for exporters of education, financial and professional services.

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Posted on Apr 19, 2017

New Crimes Legislation Bill signals shift in bolstering anti-corruption measures, Dentons

New Crimes Legislation Bill signals shift in bolstering anti-corruption measures, Dentons

The new Crimes Legislation Amendment Bill 2017 signals a shift in focus for the Australian government in bolstering anti-corruption measures. It also allows greater cooperation with international and non-government bodies.  But it goes further than compliance policies. Dentons says businesses also need to include provisions for hotlines and whistle blower policies.   #kdkmedia #kdkbulletin

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Posted on Apr 10, 2017

Turnbull makes industry pay for ASIC in Cost Recovery Levy Bill 2017

Turnbull makes industry pay for ASIC in Cost Recovery Levy Bill 2017

The Turnbull Government has introduced the Supervisory Cost Recovery Levy Bill 2017, and related bills needed to implement an industry funding model for the Australian Securities and Investments Commission (ASIC). The Bill is the next step to recover ASIC’s regulatory costs from entities creating the need for regulation, rather than Australian taxpayers who often bear the costs of financial sector misconduct.  It’s a case of user pays.

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Posted on Apr 2, 2017

Company tax cuts paid for by social security cuts is ‘just plain cruel’, ACOSS

Company tax cuts paid for by social security cuts is ‘just plain cruel’, ACOSS

To say that company tax cuts paid for by social security cuts is necessary to deliver jobs for people in poverty ‘is just plain cruel, says ACOSS CEO Dr Cassandra Goldie in response to the federal government’s company tax deal announced last week. Dr Goldie says the International Monetary Fund confirms that lifting the incomes of people in the bottom 20% has a stronger impact on growth than tax cuts for higher income earners.

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Posted on Mar 29, 2017

What happens when a school no longer meets the requirements of a not-for-profit, Dentons

What happens when a school no longer meets the requirements of a not-for-profit, Dentons

Relationships between charities and associated entities where funds flow from one to the other pose real risks for the charities involved. Charities must take care and put in place effective measures that reflect the charitable intent and purpose of the organisation. This comment from Dentons follows a recent Tribunal decision which held the Malek Fahd Islamic School no longer met the requirements of operating on a not-for-profit basis under the Education Act.

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Posted on Mar 22, 2017

Only 44% of Australians feel prepared for retirement – Retirement Income Report 2016, Investment Trends.

Only 44% of Australians feel prepared for retirement – Retirement Income Report 2016, Investment Trends.

Retirement Income Report 2016: Only 44% of Australians over the age of 40 feel prepared for retirement, down from 49% in 2015. More alarmingly, 51% of those already retired expect to outlive their retirement savings, up from 33% in 2013. Australians’ confidence about their retirement has deteriorated over the past few years with the ability to accumulate sufficient wealth, potential falls in the share market and regulatory changes to the super rules all contributing to Australians’ growing angst about their retirement future. Essential reading for any financial adviser, policymaker or retiree from Investment Trends.

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Posted on Mar 19, 2017

Turnbull Government releases ASIC’s Mortgage Broker Review for public consultation

Turnbull Government releases ASIC’s Mortgage Broker Review for public consultation

Mortgage broker review: Turnbull Government released the Australian Securities and Investment Commission’s (ASIC) ‘Review of Mortgage Broker Remuneration’ for public consultation. As part of the Government’s response to the Financial System Inquiry, the Review has found some aspects of the current mortgage broker remuneration and ownership structures could contribute to poor consumer outcomes. Interested parties are encouraged to make a submission on the Review

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Posted on Mar 15, 2017

South Australian Premier Jay Weatherill announces help is on the way to improve State’s energy

South Australian Premier Jay Weatherill announces help is on the way to improve State’s energy

South Australian Premier Jay Weatherill announced his government will put an end to the parlous condition of his State’s energy supply. No doubt prompted by the audacious offer to fix the situation by Tesla’s Elon Musk.  His office says they can’t rely on this broken national market any longer. The plan is to deliver increased local generation and powers to help prevent outages and more competition to put downward pressure on power prices for families and businesses.

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Posted on Mar 8, 2017

Refugee Council of Australia “State of the Nation: refugees and people seeking asylum in Australia” report

Refugee Council of Australia “State of the Nation: refugees and people seeking asylum in Australia” report

The Refugee Council of Australia released its first ever State of the Nation: refugees and people seeking asylum in Australia report, providing a critical review of Australia’s refugee and asylum policies. It’s key finding? Australia can settle more refugees, though its punitive asylum approach is harming thousands of people, damaging Australia’s international reputation and wasting billions that could be better spent looking after refugees when they flee. Shameful, really.

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Posted on Mar 1, 2017

Transport infrastructure has potential to lift productivity but watch cost blowouts, Grattan Institute

Transport infrastructure has potential to lift productivity but watch cost blowouts, Grattan Institute

Transport infrastructure has great potential to lift productivity, but there needs to be a curb on politicians’ premature promises. So says a report by the Grattan Institute. The report says Australian governments spent $28 billion more on transport infrastructure over the past 15 years. Of all 836 projects valued at $20 million or more since 2001, cost blow outs account for nearly a quarter of these projects.

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Posted on Feb 22, 2017

Government plans to review major IT contracts worth more than $10 million, AIPM

Government plans to review major IT contracts worth more than $10 million, AIPM

Govt IT projects under review: The Australian Institute of Project Management (AIPM) calls for stronger governance of government projects following the federal government’s planned review of all its major IT contracts it has with its external providers worth more than $10 million. The review is expected to capture about 100 government projects.

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Posted on Jan 24, 2017

Developers need to take note of changes to the Environmental Planning and Assessment Act 1979, Denton lawyers

Developers need to take note of changes to the Environmental Planning and Assessment Act 1979, Denton lawyers

Developers take note: The ageing Environmental Planning and Assessment Act 1979 has been a headache for NSW planning ministers. The latest incarnation will see an end to Part 3A transitional provisions and section 75W modifications. More restrictive tests will see a rush of S75 modifications if the Bill is passed, according to an alert by Denton lawyers –  required reading for any developer.

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