Tag #Australia

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smh.com.au

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Feb 10, 07:09

Cbus Governance Review: Decade-Old Report Reveals Failures, Recommends More Independent Directors

A decade-old secret review of Cbus, Australia's industry superannuation giant, found governance failures, including member information leaks to the CFMEU, recommending more independent directors to curb the union's influence and improve the fund's culture.

Cbus Governance Review: Decade-Old Report Reveals Failures, Recommends More Independent Directors

A decade-old secret review of Cbus, Australia's industry superannuation giant, found governance failures, including member information leaks to the CFMEU, recommending more independent directors to curb the union's influence and improve the fund's culture.

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What were the key findings of the 2015 review of Cbus' governance, and what immediate actions were recommended to address the identified problems?

A 2015 review of Cbus, a $100 billion industry superannuation fund, revealed governance failures, including the leaking of member information to the CFMEU. The review, led by Graeme Samuel, found a "proprietorship" culture stemming from the board's composition of employer and union representatives. This culture, while fostering commitment to members, also created risks of undue reliance on the CFMEU and potential conflicts of interest.

dailymail.co.uk

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Feb 10, 19:08

Resurfaced Support for Scrapping Negative Gearing Fuels Australian Landlord Concerns

Australian Housing Minister Anne Aly's past support for ending negative gearing, a tax deduction for rental losses, has re-emerged, causing concern among landlords despite Prime Minister Albanese's denials. This, coupled with past broken promises, raises questions about future housing policies.

Resurfaced Support for Scrapping Negative Gearing Fuels Australian Landlord Concerns

Australian Housing Minister Anne Aly's past support for ending negative gearing, a tax deduction for rental losses, has re-emerged, causing concern among landlords despite Prime Minister Albanese's denials. This, coupled with past broken promises, raises questions about future housing policies.

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How does the historical context of broken election promises by both major Australian parties regarding taxes influence current anxieties surrounding negative gearing?

The debate around negative gearing's impact on housing affordability involves a complex interplay between investor landlords, potential homebuyers, and renters. Eliminating negative gearing could reduce investor competition, potentially benefiting owner-occupiers but potentially limiting rental options and increasing costs for renters, mirroring past experiences after similar policy changes. This highlights the policy's far-reaching consequences on the housing market.

smh.com.au

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Feb 10, 22:07

CFMEU Proposes Seven-Story Office Building in Bowen Hills Amid Political Scrutiny

The CFMEU submitted plans for a seven-story office building in Bowen Hills, a Priority Development Area requiring state government approval, adding to the union's significant property development activity near its headquarters amid political scrutiny.

CFMEU Proposes Seven-Story Office Building in Bowen Hills Amid Political Scrutiny

The CFMEU submitted plans for a seven-story office building in Bowen Hills, a Priority Development Area requiring state government approval, adding to the union's significant property development activity near its headquarters amid political scrutiny.

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Sustainable Cities and Communities

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What are the potential long-term implications of the CFMEU's extensive landholdings in Bowen Hills for the Brisbane property market and the political dynamics between the union and the state government?

The CFMEU's property development ambitions, particularly given their potential to redevelop their headquarters, will likely shape Bowen Hills's future development trajectory in Brisbane. Government approval for this and other CFMEU projects will be crucial, balancing political considerations with the economic potential of the area.

apnews.com

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Feb 10, 10:08

Third Corpse Flower Blooms in Australia in Three Months

A rare corpse flower bloomed in Canberra, Australia's National Botanic Gardens, for the first time in 15 years, following similar blooms in Sydney and Geelong within the last three months, defying typical flowering patterns due to differences in climates, fertilization, and management.

Third Corpse Flower Blooms in Australia in Three Months

A rare corpse flower bloomed in Canberra, Australia's National Botanic Gardens, for the first time in 15 years, following similar blooms in Sydney and Geelong within the last three months, defying typical flowering patterns due to differences in climates, fertilization, and management.

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Life on Land

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What caused the simultaneous blooming of three corpse flowers across Australia within a three-month period?

A rare corpse flower bloomed in Canberra, Australia, for the first time in 15 years, marking the nation's third such bloom in three months. The flower, known for its pungent odor, attracted hundreds of visitors despite its smell, described as a mix of decaying flesh and rotten eggs. The bloom lasted only a few days.

smh.com.au

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Feb 9, 07:06

Australian Healthcare Sector Hit Hardest by Cyberattacks in 2024

Australian healthcare suffered the most cyberattacks in 2024 (17 percent), with the MediSecure breach affecting 12.9 million Australians and exposing 6.5 terabytes of data, highlighting the sector's vulnerability to financially motivated attacks and inadequate security measures.

Australian Healthcare Sector Hit Hardest by Cyberattacks in 2024

Australian healthcare suffered the most cyberattacks in 2024 (17 percent), with the MediSecure breach affecting 12.9 million Australians and exposing 6.5 terabytes of data, highlighting the sector's vulnerability to financially motivated attacks and inadequate security measures.

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Good Health and Well-being

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What is the most significant impact of the rise in cyberattacks on Australia's healthcare sector?

In 2024, Australia's healthcare sector faced the most cyberattacks (17 percent), exceeding financial services (11 percent) and education (8 percent). The MediSecure breach alone affected 12.9 million Australians, highlighting the scale of the problem and resulting in the company's collapse. This demonstrates the vulnerability of sensitive data within the healthcare industry.

smh.com.au

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Feb 9, 10:11

NSW urged to fast-track mandatory civics education amid democratic concerns

A 2019 assessment revealed that 60 percent of NSW year 10 students failed civics assessments, prompting calls to mandate civics education sooner than the planned 2027 implementation to address declining social cohesion, rising antisemitism, and low democratic trust.

NSW urged to fast-track mandatory civics education amid democratic concerns

A 2019 assessment revealed that 60 percent of NSW year 10 students failed civics assessments, prompting calls to mandate civics education sooner than the planned 2027 implementation to address declining social cohesion, rising antisemitism, and low democratic trust.

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Quality Education

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How does the lack of mandated civics education in NSW contribute to the observed decline in social cohesion and trust in democracy?

The lack of mandated civics education in NSW schools for over two decades has resulted in students graduating without understanding Australia's legal system, democratic processes, and national values." This deficiency, coupled with the rise of misinformation and social media influence, contributes to a decline in democratic participation and social cohesion, as evidenced by the increase in antisemitic incidents and the failure rate of civics assessments.

theguardian.com

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Feb 10, 10:08

Climate Activists Fined for Protest at Woodside CEO's Home

Three climate activists were fined for attempting to damage the home of Woodside CEO Meg O'Neill in August 2023; the incident, filmed by ABC Four Corners, sparked debate on protest tactics and corporate responsibility.

Climate Activists Fined for Protest at Woodside CEO's Home

Three climate activists were fined for attempting to damage the home of Woodside CEO Meg O'Neill in August 2023; the incident, filmed by ABC Four Corners, sparked debate on protest tactics and corporate responsibility.

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Climate Action

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How did the location of the protest and the activists' methods influence the court's sentencing?

The activists' actions, deemed a publicity stunt by their lawyer, aimed to draw attention to Woodside's environmental impact on the Burrup Peninsula, containing ancient Aboriginal rock art. Targeting O'Neill's home, rather than corporate offices, escalated the offense, leading to fines ranging from $2,000 to $2,500. The incident sparked debate about the boundaries of climate activism and the role of media.

smh.com.au

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Feb 10, 22:07

Interest Rate Cuts to Fuel Perth Housing Price Surge

Australia's anticipated interest rate cuts are expected to significantly increase Perth home prices, with CoreLogic predicting a 3.1 percent price boost in Bayswater and Bassendean, driven by higher Western Australian salaries and a strong state economy.

Interest Rate Cuts to Fuel Perth Housing Price Surge

Australia's anticipated interest rate cuts are expected to significantly increase Perth home prices, with CoreLogic predicting a 3.1 percent price boost in Bayswater and Bassendean, driven by higher Western Australian salaries and a strong state economy.

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What is the predicted impact of the anticipated interest rate cuts on Perth's housing market, and what specific evidence supports this prediction?

Anticipated interest rate cuts in Australia are predicted to boost Perth home prices, with experts suggesting a 25 basis point drop could increase average borrowing power by \$15,000. CoreLogic analysis forecasts the largest price increases in Bayswater and Bassendean (3.1 percent), followed by the Perth CBD (1.1 percent).

smh.com.au

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Feb 10, 22:07

North Sydney Council Votes for 87% Rate Hike Amid Public Outcry

North Sydney Council voted 7-3 to raise property rates by 87% over two years to address \$122 million Olympic pool redevelopment cost overruns and "unsustainable" finances, sparking outrage from over 100 residents and local politicians during a fiery public meeting.

North Sydney Council Votes for 87% Rate Hike Amid Public Outcry

North Sydney Council voted 7-3 to raise property rates by 87% over two years to address \$122 million Olympic pool redevelopment cost overruns and "unsustainable" finances, sparking outrage from over 100 residents and local politicians during a fiery public meeting.

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What is the immediate impact of North Sydney Council's decision to raise property rates by 87% over two years?

North Sydney Council voted to raise property rates by 87% over two years, sparking outrage from residents who cited the cost-of-living crisis and a ballooning Olympic pool project's budget, which increased from \$30 million to \$122 million. The council claims the pool redevelopment is responsible for almost 30% of the rate increase. Over 100 people protested, including local state and federal politicians.

smh.com.au

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Feb 9, 07:06

Australian Teenager Smashes Mile Record, Qualifies for World Championships

Australian teenager Cam Myers broke the under-20 world record for the indoor mile, running 3:47.48 at the Millrose Games in the US on Saturday, equalling the Australian men's open record and qualifying him for the World Athletics Championships in Tokyo.

Australian Teenager Smashes Mile Record, Qualifies for World Championships

Australian teenager Cam Myers broke the under-20 world record for the indoor mile, running 3:47.48 at the Millrose Games in the US on Saturday, equalling the Australian men's open record and qualifying him for the World Athletics Championships in Tokyo.

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Good Health and Well-being

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What is the significance of Cam Myers's latest record-breaking mile run, and what immediate impact will it have on his career?

Australian teenager Cam Myers shattered the under-20 world record for the indoor mile, clocking 3:47.48 at the Millrose Games. This time equals the Australian men's open record and improves on his own record set just last month. His performance secured him a spot in the world athletics championships in Tokyo.

smh.com.au

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Feb 9, 10:11

Australian FOI System Flaws Hinder Public Accountability

The article details issues within Australia's Freedom of Information (FOI) system, including the ACCC rejecting a request they helped draft, and VCAT indefinitely pausing an appeal due to resource issues, highlighting systemic flaws hampering timely access to government information.

Australian FOI System Flaws Hinder Public Accountability

The article details issues within Australia's Freedom of Information (FOI) system, including the ACCC rejecting a request they helped draft, and VCAT indefinitely pausing an appeal due to resource issues, highlighting systemic flaws hampering timely access to government information.

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of delays and rejections in Freedom of Information (FOI) requests for public accountability and timely reporting on government actions?

The Australian Competition and Consumer Commission (ACCC) rejected a Freedom of Information (FOI) request whose wording they had previously suggested, frustrating the journalist who followed their advice. This highlights the inefficiency and potential for manipulation within the FOI process. In another case, the Victorian Civil and Administrative Tribunal (VCAT) indefinitely paused an FOI appeal due to resourcing issues, rendering the request largely pointless.

smh.com.au

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Feb 9, 13:09

Two-Thirds of Renting Australian Retirees Live in Poverty

A new report reveals that two-thirds of renting retirees in Australia live below the poverty line, a figure set to worsen as younger generations, facing a housing crisis, age into retirement without owning their homes. The report calls for a 50 percent increase in rental assistance.

Two-Thirds of Renting Australian Retirees Live in Poverty

A new report reveals that two-thirds of renting retirees in Australia live below the poverty line, a figure set to worsen as younger generations, facing a housing crisis, age into retirement without owning their homes. The report calls for a 50 percent increase in rental assistance.

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No Poverty

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What are the key factors contributing to the disparity in financial well-being between homeowning and renting retirees?

The Grattan Institute report highlights a widening gap between wealthy and impoverished retirees, largely determined by homeownership status. While three-quarters of retirees own their homes, the situation is dire for renters, with half possessing under $25,000 in savings and two-thirds experiencing poverty. This disparity is projected to worsen as Gen X and Millennials age.

Showing 1,993 to 2,004 of 2,964 results