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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

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 

 

 

SuperStream – Is Your Business Ready?

The SuperStream Superannuation payment standard must be implemented by SME’s with 19 or fewer employees by no later than 30 June.  The ATO have provided a useful video, which you can watch below if you need to get up to speed:

 

The official ATO webpage about Superstream is here

Xero Accounting Firm in Brisbane NBC have also provided this useful summary of SuperStream on their blog recently:

How to make your transition to SuperStream a breeze

Source: https://www.nbc.com.au/nbc/superstream/ 

Importance of Transparency in Judicial Appointments

flagsI recently read an interesting article about the importance of transparency in judicial appointments.

The article highlighted the death of Antonin Scalia, a leading conservative Justice of the US Supreme Court and the fierce debate surrounding his replacement.

Scalia was chosen by Ronald Reagan in 1986 and one of the vital powers of the US President is deciding on a judge for the court.

The situation is different in Australia, but transparency is the key element that should be common in both countries. Read more about the debate at http://www.bendigoadvertiser.com.au/story/3829282/transparency-vital-in-judicial-appointments/

Has Tony Abbott’s Last Budget’s Promised Economic Boost Failed?

tony abbottThe main promise made by Tony Abbott’s final budget seems to have failed.

The small business package which was so central to Abbott’s final budget does not seem to have delivered the promised boost to the nation’s economy.

The package, dubbed “Tony’s Tradies package” was set to cost the budget $5.5 billion over 4 years. The aim of which was to provide a platform for the Abbott government’s re-election plans.

The package included a reduction in small business tax by 1.5 per cent and allowed firms with revenue under $2 million to claim an unlimited number of tax deductions for things under $20,000 each.

Read more: http://www.smh.com.au/federal-politics/political-news/centrepiece-of-tony-abbotts-last-budget-fails-to-deliver-promised-economic-turboboost-20160311-gngnk6.html#ixzz43I9iP117 

Is it Possible to Make Performance Management Work for Your Organisation?

perf mangWith a lot of calls to have formal performance reviews terminated, a lot of employers are asking, is it possible to make performance management work for your business?

While some people say reviews should be replaced by on-going staff discussions, Performance management expert, Dallas Burgess, believes formal performance reviews can still be a viable option.

Burgess is endorsed by the Psychology Board of Australia to practice in organisational psychology and has helped a number of organisations optimise their performance management and help meet strategic delivery objectives.

He highlights that management’s core function has always been to regularly talk to employees about their performance, however this isn’t enough to ensure the company’s goals are met. Find out what he says is necessary at: http://www.hcamag.com/features/making-performance-management-work-for-your-organisation-212871.aspx

Legal Battle Ahead for New Senate Voting Laws

sen Bob DaySenator Bob Day is expected to lodge a legal challenge against the Federal Government’s new Senate voting laws in the High Court soon.

The Family First Senator will appeal against the Coalition sponsored bill which makes it harder for minor parties to get elected. The bill passed both houses last week after marathon-long sittings.

With the passing of the new legislation, voters who give a limited number of preferences will have their ballot discarded if their chosen candidates are excluded from the race.

Prime Minister Malcolm Turnbull believed the legislation “good for democracy”. Read more here.

 

Motivating and Managing a Successful Team

motivation-300x199

Whether you look at motivating a team as an art or a science, you can agree that building, managing and motivating a great team are vital to the success of your business. A post on Entrepreneur.com claims its a bit of both.

As the writer points out all the hard work you put in is worth virtually nothing if you don’t have a quality team behind it, enforcing your plans, bringing your vision to fruition.

The article draws on research from numerous studies and provides 10 insights that you may find useful,

  1. Team building exercises can be successful.
  2. Some team building activities are better than others. The best ones make employees feel valued. Volunteering, physical activities, shared meals, field trips and professional development activities are best.
  3. To build great teams, you need non-work communication at times.
  4. Even star performers are often dependent on their team
  5. Remote teams can outperform local teams.

Find out more at: http://www.entrepreneur.com/article/234475