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12 April 2017 |
Guardian Australia
Centre
link has used private debt collectors to pursue 43% of the debts raised by its controversial “robo-debt” system, a rate vastly higher than normal.
New figures show 56,504 of the 132,764 debts raised by the system between July and March were handed to two firms contracted by the Department of Human Services – Probe Group and Dun & Bradstreet.
12 April 2017 |
The Age
I was 
buying a coffee before work, when the barista looked straight at me and blurted out in an alarmed and defensive voice: "I'm only here until I can get a teaching job. Honestly, I won't be doing this forever." Why was she telling me this? Why was she making such a loud and public declaration about her future life? Another customers scowled at me as if I were some kind of agent-inquisitor from the Gen Y thought-police. What the hell?
12 April 2017 |
The Age
It's hard to dec
ide which was more impressive: the case Treasurer Scott Morrison made to the Australian Housing and Urban Research Institute for changing our negative gearing rules, or the contortions he subsequently performed to deny any need for changing negative gearing.
12 April 2017 |
AFR
Wells Fa
rgo used to be the exemplar of a what a successful retail bank should look like, with financiers around the world marvelling at its ability to expand its market share by aggressively "cross-selling" its range of banking products.
Now it's become the gauge for the type of penalties bankers can expect to pay for misbehaviour.
11 April 2017 |
ABC
Over the last
month and a bit, I've been recruiting. In February, RN advertised for six digital producers. Two of them were on my team, and I received more than 260 applications.
"Digital producer" could mean a lot of things, but for us it meant journalists with multimedia skills — and virtually everyone who applied was between 18 and 30.
11 April 2017 |
The Australian
Gar
y Sturgess, the architect of the Independent Commission Against Corruption, has warned that making hearings private would bring its future into question, but says there is widespread support for measures to limit damage to reputations arising from its hearings.
11 April 2017 |
SMH
The Turn
bull government's powerful expenditure review committee has discussed axing one of Tony Abbott's first major policy achievements, the work-for-the-dole program.
But a group of backbench MPs have lobbied Treasurer Scott Morrison as part of a rearguard action to save it, with one describing work for the dole as "red meat for the base" and warning that axing it would infuriate the party's conservative supporters.
10 April 2017 |
The Age
I ha
ve bad news and worse for advocates of micro-economic reform. First, the jig is up. There'll be few if any further major reforms. Second, the backlash against mounting wreckage from failed reforms is about to begin.
Since the reform push has degenerated into little more than business rent-seeking – let's cut tax on business and increase it on consumers; let's push the legislated balance of power in industrial relations further in favour of employers – it's neither surprising nor regrettable that voters have called a halt.
10 April 2017 |
AFR
From July
1 starting a superannuation pension by retiring will become an increasingly popular strategy as individuals seek to leave transition to retirement pensions, or transition to retirement income streams (TRISs).
This is because from that date a TRIS will no longer be tax-free, while assets supporting an account-based pension, which is typically harder to get, will continue to be exempt from earnings tax.
10 April 2017 |
AFR
News that B
HP Billiton is being urged by an activist US hedge fund to demerge its petroleum arm sent the miner's shares soaring in late trade and pushed the benchmark index to a two-year high.
Elliot Management, which holds about 4.1 per cent of BHP's London-listed shares, proposed unifying BHP's dual-listed company structure into a sole Australian entity and separately listing the miner's US petroleum business on the New York stock exchange.
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