Monthly Archives: April 2013

Knee to keep Roberts-Thomson out for two months

From: ABC Grandstand/ AAP Lewis Roberts-Thomson’s knee injury is worse than first suspected, with the Sydney utility to miss the next six to eight weeks. Roberts-Thomson injured his knee in the reigning premiers’ clash with Geelong on April 19 and the early prognosis was positive after an MRI scan. But an arthroscope revealed more joint […]

Sell assets to pay off debts: Costello to Qld

By Mehroz Siraj Former Treasurer Peter Costello has said that the Queensland government needs to prepare plans for privatizing state owned resources to pay off its debts otherwise its credit ratings could be further downgraded by Australian and international agencies. Queensland’s current debt stands at $79billion, ABC Radio reported on April 29. Costello was the […]

More delays on Metro trains

More delays on Metro trains.   A person has been hit by a train on the Glen Waverley line, adding more delays to a turmoil- filled day for Melbourne’s train commuters. An ambulance spokeswoman has confirmed that a pedestrian was hit by a train at East Malvern station, about 7:45pm Monday. As a result, Metro […]

Federal budget facing $12bn hit: Penny Wong

By Mehroz Siraj Federal Finance Minister Penny Wong has said that the government’s revenues had incurred a $12billion hit in the ongoing financial year. She made these remarks while talking to ABC Radio on April 29. She said that because of lower than expected tax receipts from the corporate sector, government revenues had shrunk and […]

Farmers to get loans worth $420mn over two years: Government

By Mehroz Siraj The federal government announced on April 27 that farmers across the country would receive concessional loans worth $420million under a new drought policy that it had formulated after detailed discussions with the country’s agricultural organizations. The new loan facility was revealed through the publication of the relevant policy papers on the website […]

Government, states strike deal for homeless

AAP Report THE federal government has struck a deal with the states worth $320 million for services to the homeless. The government made $159 million in federal funds available in early March, on the provision that the states and territories would match the contribution. Homelessness Australia had expressed concern that the states were snubbing the […]

Editorial: New Zealand, a stunning success for the AFL

On Anzac day this year, the Australian Football League (AFL) broke new ground by taking the Australian game to New Zealand. On April 25, for the first time a game of football was played beyond Australia’s shores for premiership points. The atmosphere at Westpac stadium in Wellington was electric and the scheduled game between old […]

O’ Farrell and NSW sign up to Gonski

  The New South Wales (NSW) government of Premier Barry O’ Farrell has signed up to the federal government’s education reforms which were prepared in the light of the recommendations presented to the prime minister in the Gonski report.  Doing so, NSW has become the first state to have signed up the long-standing reforms, just […]

Mandatory Saving: How Australia Fixed a Retirement Crisis

From the TIME Magazine: April 22, 2003 By: Dan Kadlec Read more: http://business.time.com/2013/04/22/mandatory-saving-how-australia-fixed-a-retirement-crisis/#ixzz2RGzuUQek We can learn a lot about staying on top of our long-term financial security by studying the land down under. Australia was among the earliest to get serious about financial education, establishing a financial literacy foundation in 2005—before the financial crisis. It also […]

NBN could cost $94bn: Turnbull

NEWCASTLE: Shadow Communications Minister Malcolm Turnbull claimed on Friday that the federal government’s National Broadband Network (NBN) could cost as much as $94billion. While delivering a keynote interview to ABC Newcastle, he said that the project was running well beyond its schedule and had only been able to connect 20,000 Australian homes to the new […]