2012_0224 - Gonski. Results
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The Australian Government has implemented reforms to Australia’s workplace relations system to ensure safer, fairer and more productive workplaces through the Fair Work System. The Fair Work Act 2009 and the Workplace Relations Amendment (Transition to Forward with Fairness) Act 2008 came into full effect on 1 January 2010. Due to the scale of the reforms, the Government made a commitment to review the operation of this legislation after two years. The Fair Work Act Review was conducted by a panel of eminent Australians, comprising Reserve Bank Board Member Dr John Edwards, former Federal Court Judge, the Honourable Michael Moore and noted legal and workplace relations academic Professor Emeritus Ron McCallum AO.
PUBLISHED : about a year ago | UPDATED: about a year ago The package is intended to revitalise the local industry. Photo:Rob Homer
Barrie Dunstan The strategy may lead to capital losses for older members Photo: Michele Mossop On July 1 this year, a new risk measurement for superannuation fund members will come into force – and the chances are that some big funds will choose to opt out of what is a non-compulsory system. So why are funds shying away from the new standard risk measurement, or SRM? It will give fund members a numerical risk measure running from one (very low) to seven (very high) for members’ investment strategies, replacing the often vague descriptions such as “conservative” or “growth”. The system was brought in after the Australian Prudential Regulation Authority was frustrated by years of delays in the industry to get a uniform, industry-wide approach to labelling funds.
Adrian Rollins Economics correspondent Luci Ellis, head of the RBA’s financial stability department, reassures Australian homeowners that they don’t face any US- or UK-style housing meltdown. Photo: Jim Rice Home owners need to get used to house prices going down as well as up, according to a senior Reserve Bank of Australia official. The head of the Reserve Bank’s financial stability department, Luci Ellis, warned home buyers yesterday that the recent era of rising house prices had come to an end.
Reading Gonski: a mud map for the minefield - The Drum Opinion - David Gonski has provided a potent instrument with which to affect education reform, if the Gillard Government were politically adept to use it.Find More Stories Reading Gonski: a mud map for the minefield
Parents have plenty to study in the Gonski report — including data that shows expensive schooling isn't producing rich results for the students, or the country. Let's start with a simple statement with which everyone can agree: education is the key to this country's future. Now, a statement with which large numbers of people will disagree vehemently: private schools are making Australia dumber.
All eyes on Gillard and Gonski
Pole has a master’s degree in statistics and another in economics, and has been obsessed with the intersection of data and human behavior most of his life.
TONY EASTLEY: A French banker has said what many Australian borrowers suspect - that recent interest rate hikes by banks in Australia is more to do with protecting profit margins than higher funding costs. Research by Société Générale using publicly available data from the Reserve Bank and the Australian Prudential Regulation Authority show nearly all funding costs are falling.
MATT PEACOCK: An interest rate strategist from the international banking giant, Société Générale, has sparked a new round of the interest rate debate by labelling the banks' justification for raising rates as "dubious".
"The claim that the recent increase in mortgage rates is due to higher funding costs is very dubious" ... Christian Carillo. Illustration: Karl Hilzinger