Tag #Australia

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smh.com.au

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Mar 31, 07:15

Reduce Mortgage Costs in Australia: Redraws, Offsets, and Other Strategies

Australian mortgage holders can reduce interest payments by using redraw or offset accounts, saving \$257,381 on a \$500,000 loan with a \$50,000 offset over 30 years; principal reduction, refinancing, or increased repayment frequency offer alternative strategies.

Reduce Mortgage Costs in Australia: Redraws, Offsets, and Other Strategies

Australian mortgage holders can reduce interest payments by using redraw or offset accounts, saving \$257,381 on a \$500,000 loan with a \$50,000 offset over 30 years; principal reduction, refinancing, or increased repayment frequency offer alternative strategies.

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What are the key differences between redraw and offset accounts in Australia, and how does their prevalence impact overall mortgage costs?

Offset and redraw accounts are prevalent in Australia (40 percent and 70 percent of mortgages, respectively), offering similar interest-saving mechanisms. While redraws allow for later withdrawal, offsets provide easier access to funds. The choice depends on individual risk tolerance and financial goals.

theguardian.com

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Mar 30, 01:17

Australia's Drowning Crisis Exposes Systemic Failure of School Swimming Programs

This summer, 104 Australians drowned, revealing a critical decline in school swimming programs, leaving nearly half of year six students unable to swim 50 meters, exposing systemic inequalities and highlighting the urgent need for increased funding and improved access to swimming lessons.

Australia's Drowning Crisis Exposes Systemic Failure of School Swimming Programs

This summer, 104 Australians drowned, revealing a critical decline in school swimming programs, leaving nearly half of year six students unable to swim 50 meters, exposing systemic inequalities and highlighting the urgent need for increased funding and improved access to swimming lessons.

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What are the immediate consequences of the decline in Australia's school-based swimming programs?

Australia experienced 104 drowning deaths this past summer, highlighting a systemic erosion of the nation's learn-to-swim programs. This resulted in nearly half of year six students being unable to swim 50 meters, the national benchmark. The consequences are rising drowning rates and an inequitable system where disadvantaged schools lack adequate funding for swimming lessons.

smh.com.au

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Mar 30, 22:11

ASIC Blasts Super Funds for Delays in Death Benefit Payouts

ASIC's landmark report criticizes Australia's $4.1 trillion superannuation industry for significant delays in death benefit payouts, citing cases of families waiting nearly a year to receive funds despite binding nominations, leading to legal action against several major funds and prompting calls fo...

ASIC Blasts Super Funds for Delays in Death Benefit Payouts

ASIC's landmark report criticizes Australia's $4.1 trillion superannuation industry for significant delays in death benefit payouts, citing cases of families waiting nearly a year to receive funds despite binding nominations, leading to legal action against several major funds and prompting calls fo...

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What are the most significant findings of ASIC's report on the handling of death benefit claims in Australia's superannuation industry?

The Australian Securities and Investments Commission (ASIC) report reveals significant delays in superannuation death benefit payouts, with some grieving families waiting almost a year. ASIC criticizes fund leadership for failing to prioritize timely processing, highlighting cases of unnecessary delays despite binding nominations. This has caused substantial distress to many families.

smh.com.au

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Mar 30, 07:13

Australian Chocolate Prices Surge Amidst Broader Cost-of-Living Crisis

Rising global cacao prices, coupled with a weak Australian dollar, have led to a significant price increase in chocolate bars, exemplified by a Lindt bar costing \$8.50, while supermarkets show grocery prices 3.7 percent higher year-on-year, and service industries are cutting services alongside pric...

Australian Chocolate Prices Surge Amidst Broader Cost-of-Living Crisis

Rising global cacao prices, coupled with a weak Australian dollar, have led to a significant price increase in chocolate bars, exemplified by a Lindt bar costing \$8.50, while supermarkets show grocery prices 3.7 percent higher year-on-year, and service industries are cutting services alongside pric...

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How do rising prices in supermarkets and service industries reflect broader economic trends, and what are the potential consequences for consumers?

The rising cost of cacao and the weak Australian dollar are driving up the prices of chocolate, impacting consumer affordability. Supermarkets like Woolworths show grocery prices are up to 3.7 percent higher year-on-year, including sale prices, suggesting broader inflationary pressures. Simultaneously, service industries, such as beauty salons, are reducing services while raising prices, further impacting consumer budgets.

dailymail.co.uk

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Mar 29, 04:08

Devastating Queensland Floods: Evacuations and Widespread Agricultural Damage

Record rainfall in western Queensland has caused the worst flooding in over 50 years, forcing evacuations and threatening agriculture; the disaster has already impacted approximately one million livestock and hundreds of thousands of acres, prompting government aid.

Devastating Queensland Floods: Evacuations and Widespread Agricultural Damage

Record rainfall in western Queensland has caused the worst flooding in over 50 years, forcing evacuations and threatening agriculture; the disaster has already impacted approximately one million livestock and hundreds of thousands of acres, prompting government aid.

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What are the immediate consequences of the record rainfall and flooding in western Queensland?

Unprecedented rainfall in western Queensland has caused the worst flooding in over 50 years, forcing the evacuation of several communities, including the entire town of Adavale. The impact on agriculture is severe, with potential livestock losses in the hundreds of thousands and extensive damage to fencing. Recovery efforts are underway, including personal hardship assistance and concessional loans for primary producers.

smh.com.au

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Mar 29, 04:08

Brisbane 2032: Chaotic Planning Raises Doubts

Following the award of the 2032 Olympic and Paralympic Games to Brisbane in July 2021, Queensland's handling of the event has been marked by chaotic planning, shifting political priorities, and concerns about the city's capacity to host the Games.

Brisbane 2032: Chaotic Planning Raises Doubts

Following the award of the 2032 Olympic and Paralympic Games to Brisbane in July 2021, Queensland's handling of the event has been marked by chaotic planning, shifting political priorities, and concerns about the city's capacity to host the Games.

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What are the immediate consequences of the chaotic planning and shifting political priorities surrounding the Brisbane 2032 Olympics?

In July 2021, Queensland Premier Annastacia Palaszczuk secured the 2032 Olympics for Brisbane while abroad, raising concerns about priorities amidst a pandemic. Subsequent planning has been chaotic, marked by aimless government conduct and shifting plans, leading to a national embarrassment.

smh.com.au

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Mar 30, 13:15

Victoria's Legal Liabilities Surge Amidst Historical Sexual Abuse Claims"

Victoria's legal liabilities have surged by \$74 million to \$411 million due to a rise in historical sexual abuse claims against the state government, prompting criticism of its \$165 million redress scheme's design and implementation, with advocates highlighting insufficient funding and delays in ...

Victoria's Legal Liabilities Surge Amidst Historical Sexual Abuse Claims"

Victoria's legal liabilities have surged by \$74 million to \$411 million due to a rise in historical sexual abuse claims against the state government, prompting criticism of its \$165 million redress scheme's design and implementation, with advocates highlighting insufficient funding and delays in ...

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How do the criticisms of the Victorian redress scheme's design and implementation affect its effectiveness and impact on victim-survivors?

The increase in legal liabilities is a direct result of a board of inquiry report that revealed systemic failures in protecting children from sexual abuse in Victorian government schools between 1960 and 1994. The report's findings, including an \$8 million settlement to one abuse survivor, have led to a significant rise in claims, exceeding the initial funding allocated to the redress scheme.

theguardian.com

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Mar 30, 19:19

Rinehart Champions 'Make Australia Great Again' Agenda

Australia's richest person, Gina Rinehart, is advocating for a 'Make Australia Great Again' agenda inspired by US President Trump, involving reduced government regulation and taxes, and has cultivated strong relationships with Australian political figures and donated substantially to the Australian ...

Rinehart Champions 'Make Australia Great Again' Agenda

Australia's richest person, Gina Rinehart, is advocating for a 'Make Australia Great Again' agenda inspired by US President Trump, involving reduced government regulation and taxes, and has cultivated strong relationships with Australian political figures and donated substantially to the Australian ...

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How does Gina Rinehart's relationship with US President Trump influence her political actions in Australia?

Rinehart's campaign mirrors Trump's focus on deregulation and reduced government spending, aiming to stimulate the Australian economy. Her significant financial contributions to the Australian Coalition party demonstrate a direct attempt to influence policy change. Her personal connections with Trump, including attending his inauguration and holding private conversations, underscore her commitment to this political alignment.

smh.com.au

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Mar 30, 22:11

NSW to Publicly Monitor State Agencies' Home Approval Performance

The NSW government will publicly release a league table ranking state agencies on their efficiency in approving new home developments, aiming to accelerate the construction of 75,000 homes annually by addressing delays caused by agencies like the Rural Fire Service and Sydney Water.

NSW to Publicly Monitor State Agencies' Home Approval Performance

The NSW government will publicly release a league table ranking state agencies on their efficiency in approving new home developments, aiming to accelerate the construction of 75,000 homes annually by addressing delays caused by agencies like the Rural Fire Service and Sydney Water.

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What are the potential long-term implications of this initiative for housing affordability and availability in NSW?

The public monitoring of state agencies' performance in housing approvals is expected to improve efficiency and reduce delays. Improved coordination among agencies, as facilitated by the Housing Taskforce, will likely lead to faster processing times and more homes being built. This proactive approach suggests a long-term strategy to address housing shortages in NSW by streamlining the development process.

smh.com.au

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Mar 30, 22:12

Plummeting Migration to Hit Australia's Economy

Australia's net overseas migration, currently at 380,000, is expected to plummet by 2027 due to expiring temporary visas and decreased birth rates and life expectancy, posing significant economic challenges.

Plummeting Migration to Hit Australia's Economy

Australia's net overseas migration, currently at 380,000, is expected to plummet by 2027 due to expiring temporary visas and decreased birth rates and life expectancy, posing significant economic challenges.

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How have government policies regarding temporary visas contributed to the current migration surge and its anticipated decline?

The decline in migration is linked to the expiration of various temporary visas issued in recent years, including working holiday and graduate visas. The economic consequences of this sharp drop are largely ignored in the current political debate, despite potential instability.

theguardian.com

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Mar 29, 04:08

Veteran Pilot Critically Injured in Avalon Airshow Crash

Veteran Australian aerobatic pilot Glenn Collins crashed his plane at the Avalon airshow on Friday afternoon while performing a solo maneuver, resulting in serious injuries and an investigation by the Australian Transport Safety Bureau.

Veteran Pilot Critically Injured in Avalon Airshow Crash

Veteran Australian aerobatic pilot Glenn Collins crashed his plane at the Avalon airshow on Friday afternoon while performing a solo maneuver, resulting in serious injuries and an investigation by the Australian Transport Safety Bureau.

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What factors are being considered in the investigation into the causes of the crash?

Collins, with over 2700 hours of flying experience and an extensive competitive background, lost control during a dive, impacting the ground approximately 10 meters above it. The Australian Transport Safety Bureau is investigating, examining flight data, maintenance records, and weather conditions. A Jetstar flight was diverted due to the incident.

smh.com.au

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Mar 29, 10:10

New Brisbane Youth Remand Centre Opens Amidst Overcrowding Concerns

A new 76-bed youth remand centre opened in Brisbane in mid-2025 after delays, ending the practice of holding children in adult watchhouses; the $260 million facility aims to improve rehabilitation and address overcrowding.

New Brisbane Youth Remand Centre Opens Amidst Overcrowding Concerns

A new 76-bed youth remand centre opened in Brisbane in mid-2025 after delays, ending the practice of holding children in adult watchhouses; the $260 million facility aims to improve rehabilitation and address overcrowding.

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How do the reported delays in the Wacol centre's construction affect the Queensland government's approach to youth crime?

The Wacol centre's opening follows reports of children, including a 12-year-old held for eight days and a 16-year-old for 18, being detained in adult watchhouses due to insufficient youth detention capacity. The delay, blamed by the current government on the previous administration, highlights systemic issues in Queensland's youth justice system.

Showing 169 to 180 of 1,872 results