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The City of Perth Australia Day Skyworks is the State’s biggest annual celebration.                                                                                            

The spotlight is on Perth as we celebrate our beautiful country with the biggest and best Australia Day event in the country.

With warm weather expected and activities running from 7am to 8.30pm, here are some tips for enjoying the day:

o Plan your journey: Transperth will be providing additional train and bus services for Skyworks and Skyworks coordinators encourage everyone to plan their journey to the City in advance by visiting www.transperth.wa.gov.au  

Also, due to unusually low tides, Transperth will be unable to operate the ferry services from the first trip in the morning till 12.30, therefore these Australia Day ferry services will be replaced by buses.

o Stay hydrated: While free drinking water tanks and food stands will be conveniently located throughout the Perth foreshore, please remember to keep up your water intake. Dehydration can lead to dizziness, nausea and other symptoms that might spoil your day.

o Bring a radio: Obviously, a radio will allow you to enjoy the simulcast fireworks display at the end of the day, but additionally, you’ll be able to get updates throughout the day on parking, road closures and other important news from City of Perth Skyworks partner MIX 94.5.

 A torch: Why let the pyrotechnicians have all the fun? Be part of the traditional torch ‘call and response’ from each of the main viewing areas and see why Perth is known as the City of Lights!

o Plan your day: Australia Day in the City is far greater than the 30 minute pyrotechnic display at 8pm. Catch the train in early and enjoy the range of free entertainment on offer. The Too Solid Indigenous Music Festival, the Youth Zone on Langley Park, the Criterium, the Family Zone on the Esplanade, the AIR BP Air Show and the Water Show are just some of the many highlights of the day. Visit the Australia Day program of the www.perth.wa.gov.au/skyworks  website for more information.

o Community spirit: The City of Perth Australia Day Skyworks is a major community event, with all of the presenters working closely with some unsung heroes – Fire and Emergency Services, Police, and the St John Ambulance first aid volunteers. Let’s make this a celebration to be proud of and get into the spirit of the day!

What not to bring:

o Alcohol: The City of Perth Skyworks is an alcohol-free event. The City of Perth fully supports the efforts of the Police and the Public Transport Authority to stop anti-social behaviour at the celebration by confiscating alcohol at the event.

o Bad behaviour: Although the vast majority of Skyworks patrons enjoy the celebrations without incident, the organisers believe that everyone should be able to enjoy the Australia Day celebrations in the way they are intended – as a community, and as proud Australians. All of the authorities involved with Skyworks support a “no tolerance” approach to anti-social behaviour during this major Australia Day celebration.

o Glass: Broken glass has been identified as a significant cause of injuries at previous Skyworks. Please do not bring glass bottles or containers – it is very hard to clean up all the pieces if they break, especially in grassy areas or in low-light conditions, and families with children will be sharing the public spaces with you.

 Furniture: Both the City of Perth and the City of South Perth have Special Event Local Laws which limit people from bringing couches, mattresses, fridges or other large objects into event areas. This does not apply to lightweight shade structures or other picnic equipment which can be easily carried by hand. These laws are designed for public safety and prevent illegal ‘dumping’ – please respect the beautiful environment of the areas around Perth Water.

http://perth.wa.gov.au/skyworks/

Source  :  http://www.cityofperth.wa.gov.au/web/Media-Centre/?article=363

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From 1 July 2009, there will be changes to how certain types of income affect eligibility for the CSHC. Depending on your circumstances, these changes may impact on your eligibility for a CSHC and you may be required to provide additional information about your income to Centrelink.

The adjusted taxable income test for CSHC will include:

  • assessment of total net investment losses. Total net investment losses are the sum of net losses from rental property income and net losses from financial investment income, and
  • subject to the passage of legislation, reportable superannuation contributions may be included in the adjusted taxable income test for CSHC. Reportable superannuation contributions are discretionary or voluntary contributions, for example salary sacrifice contribution and personal deductible contributions. 

Note: losses from rental properties are already included in assessable income for CSHC. From 1 July 2009, the adjustable taxable income test will also include losses from.

Source  :  http://www.centrelink.com.au/internet/internet.nsf/payments/conc_cards_cshc.htm

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Treasurer Wayne Swan has taken aim at Australia’s biggest home lender, labelling it selfish for lifting its mortgage and business lending rates.  swan_rudd_hand_400

Other banks have refused to rule out following the Commonwealth Bank of Australia’s (CBA’s) surprise decision to lift its home and business loan rates by 10 basis points to offset higher funding costs.

The opposition said the government’s huge debt burden was putting pressure on interest rates, while a prominent market economist said it may force the Reserve Bank of Australia (RBA) to cut the official rate again to counter any impact from CBA’s move.

CBA said it took Friday’s decision “reluctantly”, but at a standard variable mortgage rate of 5.74 per cent, up from 5.64 per cent, it was still the lowest on the market.

The rate hike will add $18 a month to repayments on a $300,000 home loan over 25 years.

The bank said it had absorbed as much of its additional funding costs for as long as it could.

“Unfortunately, we have seen the bank’s wholesale funding costs remain high and continue to increase as previous long term funding matures and is replaced with new funding at significantly higher cost,” CBA group executive of retail banking services Ross McEwan said in a statement.

Such reasoning drew no sympathy from the treasurer.

There are ups and downs when it comes to those decisions over time, but there are few decisions I can think of that are more selfish than this one,” Mr Swan told reporters in Brisbane.

“I think Australians, rightly, will be furious with the Commonwealth Bank.”

Prime Minister Kevin Rudd echoed those sentiments during a speech to a business lunch in Brisbane.

“We are all in this together – businesses, workers, government and the Reserve Bank – and today’s decision by the Commonwealth Bank runs counter to this nationwide effort,” Mr Rudd said.

The other three major banks – ANZ, National Australia Bank and Westpac – said their rates were constantly under review.

NAB said it had no current plans to raise its home loan rate but noted “all Australian banks” had been incurring significantly higher funding costs for some time.

Opposition treasury spokesman Joe Hockey said the government was putting pressure on interest rates by running up a huge debt.

“Kevin Rudd and Wayne Swan feigned outrage about this interest rate increase, yet they are directly responsible for it,” Mr Hockey told reporters in Sydney.

“This is the beginning. You will end up with higher interest rates directly as a result of the spending binge of the Rudd government and the massive debt they are accruing.”

Home buyers may be enjoying the lowest mortgage rates in 41 years, but have already missed out on about 30 to 40 basis points of the RBA’s total 425 basis points of official rate cuts, with banks refusing to pass on the cuts in full because of the cost of funding.

For small businesses it has been even worse, being short changed by about 140 basis points.

The CBA’s decision comes in a week that saw massive boosts to both consumer and business confidence, as well as data showing sustained growth in home lending – sucked in by low mortgage rates and a more generous first home owners grant.

April mortgage data showed loan demand has grown for seven straight months to a 14-month high, as well as record demand from first home buyers and the strongest interest from investors in nearly two years.

It also showed that the banks have cornered more than 92 per cent of all loans – a 33-year high.

Westpac chief economist Bill Evans said CBA’s decision could well be countered by another cut by the RBA.

“If it does have an impact, particularly on confidence in the housing market, which has been the most encouraging source of recovery in the Australian economy, it may bring a rate cut back on the table at the Reserve Bank,” Mr Evans told Sky News

Source  :  www.thedaily.com.au

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Prime Minister Kevin Rudd was in Perth yesterday to formally announce the federal  government committing $236 million for the Northbridge Link project.  kevin-rudd

The underground construction is estimated to cost about $470 million, with the sitework set to start later this year.

The  construction will be commencing in approximately a years time.

The transformation of the the city precinct will include commercial, residential and entertainment opportunities, which would transform the city.

Added will be a waterfront development which will be the greatest transformation of the city of Perth.

This will connect the city with Northbridge and will result in a better integration of rail and bus services.  

Mr Rudd said the project would create about 350 job opportunities for the construction and business sectors and attract an additional 600 passengers on the public transport network each day.

Tendering will be concluded  later this year and construction due to commence next year.

This is an important contribution to employment as well.

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