Frameworks for Agreement

Money, Negotiations and Commercial Documents & Systems Provide the "Frameworks" For Most Commercial Agreements! This blog provides interesting news and updates across finance, commerce, entrepreneurship and politics!

Latest Posts

ACT Government Roll Out Green Waste Bin Service in Southside Suburbs

greenThe ACT Government has finally decided to roll out green waste bin services in southside suburbs but certain households will get it earlier than others.

In the past the ACT Labor government rejected the idea, saying it would cost too much to maintain but the Canberra Liberals announced before the last election that if they were elected they would implement the service. Labor announced the service would just be too costly.

Labor recently changed its mind and decided to provide the garden waste bin after requests from the people.

But not everyone will get the service automatically, only households that opt for the service and pay the once-off $50 deposit for the bin or concession card holders.

Source: http://www.canberratimes.com.au/act-news/act-government-to-roll-out-green-waste-bin-service-in-southside-suburbs-in-early-2017-20160527-gp5dta.html

Tasmanian Government to Spend $21m on Two Key Tourism Projects

Tourism Minister Will Hodgman

Tourism Minister Will Hodgman

The Tasmanian Government has announced plans to spend $21m on two key tourism projects.

Premier and Tourism Minister Will Hodgman recently announced $15 million for The Cradle Mountain Master Plan and more than $6million towards the upgrading of the Great Eastern Drive along the state’s east coast.

Although Tasmania already has a booming visitor economy, the minister said the budget would add to the already strong tourism sector.

The news of the budget was welcomed by the Tourism Industry Council Tasmania and its chairman Daniel Leesong who said it would enable Cradle Mountain to become a world-class destination.

These projects would draw visitors into regional Tasmania.

Read more at http://www.abc.net.au/news/2016-05-26/government-to-spend-21m-on-key-tourism-projects/7448244

Protestors March Against Baird Government, Westconnex in Sydney

marchersThousands of people including Greens MPs gathered in central Sydney recently to protest against the Premier’s plans including the Westconnex freeway project.

Protestors were making known their opposition of Premier Mike Baird’s Liberal Government’s decisions on the Westconnex freeway project, council amalgamations, education funding, refugee policy and cycling legislation among other issues.

Protestors also marched under the slogan “Keep Sydney Open” to make known their views on the controversial lockout laws in  Sydney.

They also took aim at the extension to the city’s light rail project, which will result in a number of fig trees and indigenous artefacts being destroyed.

Another area of contention is the government’s mining and coal seam gas projects.

Find out more http://www.abc.net.au/news/2016-05-29/thousands-protests-against-baird-government-westconnex-/7457338

The Potential Problem with the Turnbull Government’s Company Tax Cuts

Scott Morrison - Treasurer announced the tax cuts.

Scott Morrison – Treasurer announced the tax cuts.

An article on Smh.com.au recently discussed the potential problem with the Turnbull Government’s Company Tax Cuts which some say will send the budget backwards.

A company tax cut would cost Canberra more than $8billion a year in revenue while recovering only a fraction of that through the extra growth in jobs and wages predicted.

The government announced in its May budget that it would cut the corporate tax rate from 30 cents in the dollar to 25 cents for all companies by 2026-27, and conceded some days later that this move would cost the budget an estimated $48.2 billion over the decade.

Read more at http://www.smh.com.au/federal-politics/federal-election-2016/election-2016-the-potential-problem-with-the-turnbull-governments-company-tax-claims-20160529-gp6ika.html

Opposition Leader Defends Labor’s Billion Dollar Prescription Promise

bill shortenThe opposition leader Bill Shorten recently defended his party’s promise on prescription medicines against Coalition jabs that he is putting more policies on the unfunded “spendometer”.

The party has been criticised by Prime Minister Malcolm Turnbull and senior Coalition ministers for announcing new spending without commensurate cuts.

Turnbull highlighted the importance that government spend within its means and the need to maintain our health system which is the best in the world with more spending.

For the full lowdown on the debate read http://www.smh.com.au/federal-politics/federal-election-2016/election-2016-shorten-defends-1-billion-medicines-promise-against-governments-labor-spendometer-gibes-20160522-gp0tcc.html

 

 

Should The Legal Drinking Age be Raised in Australia?

alcoholShould the Australian government be considering raising the legal drinking from 18 to 21 to reduce alcohol fuelled harm? A prestigious group of doctors thinks it should.

The group of doctors believe alcohol violence has gotten out of hand and have put forward recommendations that include increasing the minimum purchase age for certain types of alcohol and for take away alcohol.

The Royal Australasian College of Physicians recently put forward a submission which proposes public consultation on these issues.

The doctors submitted an 80 page report urging the government to also consider increasing taxes on alcoholic drinks with higher health risks.

Source: http://www.news.com.au/lifestyle/food/drink/calls-for-drinking-age-to-be-raised-and-blood-alcohol-limit-for-drivers-to-be-lowered/news-story/c640f8bb0fe26da8ec099ab6c2e06095

Should Australia Have Stricter Gun Laws

gun lawsThe Australian government is pushing for harsher gun laws to lock up convicted gun traffickers with a mandatory five year jail terms will be rushed into the Senate for the third time.

The Coalition plans to re-establish laws that were rejected twice in the past by parliament, after accusing Labour Leader Bill Shorten of taking a soft approach on gun crime.

Labor is opposed to the mandatory jail terms, saying it is against their principles.

 If the laws were resurrected, the maximum penalties would be doubled to 20 years in jail.

The gun debate has been reignited now as we approach the 20th anniversary of the Port Arthur Massacre.

Source: http://www.dailytelegraph.com.au/news/nsw/government-pushes-for-tougher-gun-laws-in-australia/news-story/abd302ca9e1a9279a1ac81721b4b9164

Sugar Tax Could Bring in Millions in Revenue

cokeIn addition to saving thousands of lives, a 20 per cent tax on sugared beverages such as the one we’ve seen implemented in The UK, could raise at least $400 million a year, according to a study.

The research conducted by the University of Queensland’s School of Public Health and the Obesity Coalition is the first of its kind to model Australian population data to assess the impact of a sugary drinks tax.

In the first 25 years of a sugar drinks 20 per cent tax, there would be 16,000 fewer cases of type 2 diabetes. There would also be fewer cases of heart diseases and stroke.

Read more: http://www.smh.com.au/business/consumer-affairs/sugar-tax-could-save-1600-lives-raise-400-million-australian-research-shows-20160413-go5mgh.html#ixzz467ZBqS4l 

Labor Plans Financial Industry Royal Commission

laborIf the Labor wins the next election, they have announced plans to implement a review of the financial services sector – an industry that has been rocked by scandals recently.

Opposition Leader Bill Shorten and shadow treasurer Chris Bowen plan on holding a royal commission into the finance sector if they win the next election.

Mr Shorten explained that public confidence in the banking and finance sectors had taken a hit in recent years and tens of thousands of victims have paid the price, being ripped off by planners, small businesses going out of business because of banks and major insurance companies denying terminally ill people claims.

The royal commission is expected to cost $53 million and will probably take 2 years to complete.

Read more: http://www.smh.com.au/business/banking-and-finance/labor-calls-for-royal-commission-into-finance-20160407-go1dnr.html#ixzz45Yz8joJC 

 

 

Housing and Household Debt Soars

debtWith the recent release of the Reserve Bank of Australia’s quarterly report of household finances came the revelation that household and housing debt to disposable income is at a record-high.

The data for December 2015 shows that record low interest rates have led to the ratio of interest payments to disposable income being at its lowest since early 2003.

The value of household assets has also risen to record levels.

The ratios of household and housing debt to disposable incomes increased by 3.4 per cent and 4.3 per cent over the past year.

Source: http://propertyupdate.com.au/household-and-housing-debt-reach-new-record-highs-2/