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REPORT: Small Business Inquiry Finds Australian Big Bank Practices Unfair

Posted: February 4th, 2017 | Author: | Filed under: Business News | Tags: , , , , , , | Comments Off on REPORT: Small Business Inquiry Finds Australian Big Bank Practices Unfair

Report Into Australian Bank Practice Finds Lenders UnfairI’ve banked with a small bank – Bendigo Bank – since my return to Melbourne 8 years ago. Australia’s big banks have plenty of critics, and now they can add the Small Business Ombudsman to that fast growing list.

The high profile Ombudsman, Kate Carnell, who has authored a report released today into banking practices, has found lenders are not being fair when they enter into contracts with small and medium-sized businesses.

The big four banks enjoy a $19 billion advantage over their smaller rivals by still being able to self-calculate the riskiness of their home loans according to analysis from the Australian Prudential Regulation Authority.

Despite a new regulatory framework requiring the big banks to hold larger top tier capital buffers, their ability to internally assess their asset risks is still a huge advantage in terms of the amount of “expensive” capital locked up and their ability to access cheaper funding.

While the CBA, NAB, Westpac and ANZ are now required to base their regulatory capital on a blanket of at least 25 percent of mortgages being at risk, smaller lenders must base their risk weightings at 39 percent :: Read the full article »»»»


Technoid: Australian Prime-minister Declares Cyber Security ‘the new frontier of warfare’

Posted: January 27th, 2017 | Author: | Filed under: Technoid Computer News | Tags: , , , , , , , | Comments Off on Technoid: Australian Prime-minister Declares Cyber Security ‘the new frontier of warfare’

Australian Prime-minister Declares Cyber Security 'the new frontier of warfare'Australian Prime-minister Declares Cyber Security 'the new frontier of warfare'

Australian Prime Minister Malcolm Turnbull declared that cyber security was “the new frontier of warfare” and espionage while announcing new measures to protect Australian democracy from foreign interference :: Read the full article »»»»


CHRONIC! Australia to Legalise Cannabis

Posted: October 21st, 2015 | Author: | Filed under: Australia, Hard Pill to Swallow, News, Socially Engineered, Standout | Tags: , , , , , , | Comments Off on CHRONIC! Australia to Legalise Cannabis

CHRONIC! Australia to Legalise CannabisAustralia’s Government has announced it will legalise the growing of cannabis for medicinal purposes.

Health Minister Sussan Ley says the Government wants to give people suffering from debilitating illnesses access to all of the most effective medical treatments, including medical cannabis.

The minister said she had been moved by stories of people who get relief from the currently restricted drug, sometimes legally imported but not always. However, Ms Ley said the legalisation was only about medicinal cannabis, not recreational use.

“This is not a debate about legalisation of cannabis. This is not about illicit drugs. This is not a product you smoke. This has nothing to do with that,” Ms Ley said. “Most commonly the product is an oil or a tincture that you put on your skin.”

A progressive government in Victoria looks to have that state as the nation’s first onboard, the state Government plans to embark on a cannabis cultivation trial, based on the recommendations of a report by the Victorian Law Reform Commission :: Read the full article »»»»


NEW Study Suggests Australian Women Ignoring Nutritional Needs During Pregnancy

Posted: August 24th, 2015 | Author: | Filed under: Health News, The Organic Gourmet | Tags: , , , | Comments Off on NEW Study Suggests Australian Women Ignoring Nutritional Needs During Pregnancy

Australian women not meeting nutritional needs during pregnancy, Adelaide University study suggestsAustralian women are not meeting their nutritional requirements during pregnancy despite most believing they are eating the right foods, an Adelaide University study has found.

The study examined the eating habits of 850 pregnant women from across Australia and whether they were following the Australian Dietary Guidelines. Results showed none of the women involved were correctly following the pregnancy nutrition guidelines, but 61 percent mistakenly thought they were.

Several other studies have indicated a lack of health knowledge amongst pregnant women, including drinking alcohol, though the blame doesn’t always lie with the mother. Pregnant women have long been told the zero-tolerance approach to drinking is their best bet, another report highlighting the inconsistencies in information provided to expectant mothers

One study found that up to 80 per cent of women questioned in Australia, New Zealand, the United Kingdom reported drinking alcohol while pregnant :: Read the full article »»»»


Australian Government Considers Large Scale Roll-back of Pension Access

Posted: April 6th, 2015 | Author: | Filed under: Socially Engineered, Standout | Tags: , , , , , | Comments Off on Australian Government Considers Large Scale Roll-back of Pension Access

Australian Government Indicates Large Scale Roll-back of Pension AccessIn its hunt for savings, the Australian Government is “seriously considering” a proposal to tighten the assets test for retirees, shaving hundred of millions off the ballooning cost of the pension system.

At the moment, retired couples who own their home, and with other assets up to $1.1 million still qualify for a part pension, a position many consider untenable. The Social Services Minister Scott Morrison has strongly indicated he will look at scaling back access to the pension for wealthy Australians as an alternative to the Government’s current plan to change the rate of indexation.

In the backflip – the government pledged, via last years budget, to decouple pension rises from the ‘average (male) earnings’, instead linking them to the rate of inflation, saving the government almost $450 million a year – cutting into pension payments by as much as $80 a week – might get the boot?

Social Services Minister Scott Morrison said last week that he wanted “modest, incremental change” to the pension system, though he is still standing by last year’s budget measure and an attempt to raise the pension age to 70 – which has also stalled in the Senate :: Read the full article »»»»


Two Australian Teenage Brothers Stopped at Sydney Airport en-route to ISIS Middle East Conflict Zone

Posted: March 8th, 2015 | Author: | Filed under: CRIME!, News | Tags: , , , , , , , | Comments Off on Two Australian Teenage Brothers Stopped at Sydney Airport en-route to ISIS Middle East Conflict Zone

2 Australian Teenage Brothers Stopped at Sydney Airport en-route to ISIS Middle East Conflict Zone

The Australian Government is crowing the work of Customs and Border Protection officers who intercepted two Sydney teenage brothers, believed to be travelling to conflict zones in the Middle East.

The 16 and 17-year-olds came to the attention of Customs officers at Sydney Airport on Friday. The pair had return tickets to an undisclosed destination in the Middle East and a search of their luggage raised further suspicions of their intent.

Customs officers determined that they were intending to travel without the knowledge of their parents. The brothers were later allowed to leave the airport with their parents and were issued court attendance notices :: Read the full article »»»»