There is a very simple solution to all of this … If the GST threshold was lowered to $50 or $100 distributors wouldn’t be going down this path … you instantly become more competitive.
http://m.smh.com.au/national/accc-to-investigate-internet-clothing-deals-20120517-1ytnx.html
So why the hell are te markups not 10% after shipping but 50-100% post-shipping?
But the media regulator has opted for a rule that had a better chance of enforcement following intense negotiations with 2Day’s owner, Southern Cross Austereo, over the wording of the new condition.
Sandilands ruling falls short of blanket ban
Is this ACMA admitting that they are toothless?
Inquiry questions 'minimal' action in pursuit of Trio fraud
Take a second to think of the difference between what’s happened here and in the Craig Thompson case. Both extremely inadequate oversight.
But on the other hand, oversight is red tape.
The committee recommended against a mandatory compensation scheme for self-managed super fund members, which represent about a third of total superannuation investments.
The federal government has awarded $55 million in compensation, reaching 5400 investors, as a result of the fraud. But the compensation was only paid to investors covered by the superannuation regulator, the Australian Prudential Regulation Authority.
However, the committee recommended the federal government consider assisting self-managed ARP Growth investors, based on an argument they were switched out of an APRA-regulated fund by Mr Gresham.
The committee also recommended mandatory warnings to self managed super fund investors about the dangers they faced and better disclosure about investment funds.
I’m a bit confused here, as those who were compensated were not compensated from general revenue, but from what is effectively an insurance scheme for those covered by Australian Prudential Regulation Authority.
Anyone cast some light onto this? What’s the justification for the taxpayer to bail out those who have ignored the risks.
Almost everyone - whether on the right or the left - automatically assumes company tax is a tax on the rich. So, those excitable souls claiming the budget was a plan to ”smash the rich”, list as Exhibit A the decision not to cut the rate of company tax by 1 per cent, as had been promised. But Australian shareholders - including Australian super funds - get tax credits for the company tax paid on their behalf. And tax economists argue that, in the end, the burden of company tax is borne mainly by wage-earners. So it’s not at all clear to me that company tax is a tax on business or on the rich. Business was never terribly enthusiastic about the 1 per cent cut; I’m unimpressed by the bitter tears it’s shedding now.
Spreading the love to buy votes? So what, it was about time
This. In particular.
But loyalty to parties on the basis of class is long gone. These days people’s vote is as likely to be guided by the party divide on social issues as economic ones. Then there’s the rise of the ”aspirational” voter: people who don’t mind seeing the better-off favoured by the government because they hope to be better off themselves one day.
Spreading the love to buy votes? So what, it was about time
That is, the entitlement mentality that the Hon. member for North Sydney referred to… his own constituents… oops.
Nathan Rees and Campbell did what the Coalition has done so far - they cherry-picked the easier things. They targeted senior management and they talked tough on graffiti. They chose targets for change that didn’t risk a war with the unions and spooked as few voters as possible.
Commuter queue of frustration keeps growing
12 months in, with a massive mandate from the population, O’Farrell hasn’t had the guts to move on an integrated transport strategy with public transportation at its heart (not an afterthought) even though it, with public education and public health, is at the top of the “most important” pile amongst voters who turfed out the previous ALP government for not delivering. He’s got three years until the next election - and needs to get the politically unpalatable reforms in now.
My friend Grant shot this last weekend in the Alabama Hills outside of Lone Pine, CA with his new 5D mkIII. Can’t wait til I get a free weekend to meet up with him for an adventure. Really wanna see what can push my 5D to do!
WoW!
