Net overseas migration on track to fall by 20 per cent

The latest statistics confirm Australia’s net overseas migration (NOM) level is on track to drop by about 20 per cent by the end of the financial year in response to government reforms to temporary and permanent migration and economic conditions, the Minister for Immigration and Citizenship, Senator Chris Evans, said today.

Preliminary estimates released by the Australian Bureau of Statistics’ (ABS) ‘Social Trends’ series show the level of NOM in 2008 was 301 200 people and fell to 277 700 people in 2009.

‘Based on current visa application numbers, the level of NOM is on track to drop to between 230 000 and 250 000 people by the end of the financial year,’ Senator Evans said.

‘This confirms that record high population growth has been fuelled by growth in temporary long-stay migrants, especially students, as a result of the policies of the previous coalition government.’

Senator Evans said net overseas migration began to climb and get out of control under the previous government, as a result of its decision to open up pathways for temporary residents—particularly students—to remain in Australia permanently.

In response to the ABS report’s findings, Senator Evans said the level of NOM—which includes both permanent migrants and long-term temporary migrants, including students—had peaked and was clearly on the way down.

‘The government is committed to ongoing forward-planning and reform to ensure immigration levels are guided by Australia’s needs and not by the desire of prospective migrants to come to Australia,’ Senator Evans said.

‘Prime Minister Gillard has already articulated her vision for a sustainable population—one that supports our environment and our renewable resources and that is in turn supported by proper resources and infrastructure.’

The government will develop policies to ensure all Australians benefit from our strong and growing economy.’

Source  :  http://www.minister.immi.gov.au/media/media-releases/2010/ce10055.htm

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Charles Gairdner earns nursing award

A Perth hospital has become the first in WA to be awarded the internationally recognised Magnet Hospital award. Sir Charles Gairdner Hospital has been given the accreditation by the American Nurses Credentialling Center, joining prestigious hospitals including Cedars-Sinai in Los Angeles and the Mayo Clinic in Minnesota.

 Health Minister Kim Hames said staff at SCGH had been providing high-quality care for the past 51 years and he was “delighted” at the achievements of the hospital. SCGH executive director Dr Amanda Ling said a growing body of research showed Magnet Hospitals offered high quality care to patients, who experienced better outcomes and fewer complications.

“By fostering a supportive environment which promotes professional development, staff increase their expertise and become more innovative in their approach,” Dr Ling said. “They enjoy greater job satisfaction while patients benefit from improved care.”

Acting director of nursing at SCGH Sue Davis said Magnet Hospitals also had much better records recruiting and retaining nurses.

“When staff are provided with an environment and the skills that allow them to provide high-quality care, they are more fulfilled and far more likely to remain with the hospital,” Ms Davis said.

Magnet status is valid for four years.

Source  :  www.thewest.com.au

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Removal of work limitation condition on Retirement (Subclass 410) visa

1 July 2009 Legislation Change                                                                                                                           

From 1 July 2009, the Migration Regulations 1994 (‘the Regulations’) are amended to provide Retirement visa holders with full work rights by removing mandatory condition 8104 from the visa.

Current visa holders will not automatically receive the benefit of this change.

Retirement visas granted before 1 July 2009 will still have limited work rights (up to 20 hours per week).  Access to the no work limitation will take effect when the visa holder next renews his or her Retirement visa.

Source  :   www.immi.gov.au

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Migration Agents – Migrant numbers need to increase to support infrastructure projects

The Migration Institute of Australia (MIA) has warned the government that work on infrastructure projects will be difficult to accomplish following the decision to put  restrictions on the skilled migration program.

While the MIA welcomed the Australian immigration ministers decision to increase the number of humanitarian and family reunion Australian visas for the 2009/10 Migration Program, they were less than impressed with the decision to remove a number of trade-level occupations from the skilled occupation list.

“The MIA awaits with great interest to see how the Government proposes to administer the new job-readiness criteria for trade occupations. It’s hard to imagine a one-size-fits-all assessment system of employability,” said Maurene Horder, CEO of the Migration Institute of Australia.

The Government reduced the Australian skilled migration program at the turn of 2009, when the recession was starting to take effect. The planning level for the remainder of the 2008-09 financial year was reduced from 133,500 to 115,000 skilled migration visas and the Critical Skills List (CSL) and priority processing order were both introduced so that the Government could target the skills it needed most.

As of the 01 July 2009, the Australian skilled migration planning levels will be further reduced to 108,100 visas, and the CSL and priority processing order will remain as guidelines for the Department of Immigration and Citizenship’s visa processing officers. This means that sponsored visas and independent visas with skills nominated in the health, engineering and IT sectors will constitute a major part of Australian visa approvals during the start of the next financial year.

Fortunately, the Australian skilled migration program remains flexible to the needs of the Australian economy. While states/territories and employers have been given greater power to target the skills they need, the Immigration Minister Chris Evans also has the ability to extend the planning levels for the Australian skilled migration program and amend the CSL so that certain nominated trades can have priority for processing, if the economy needs a boost in skilled workers.

Senator Evans said in a recent statement that the Government is committing itself to “a long-term planning framework for migration as a key component of the current reform agenda” and that their extension of the family migration scheme is testament to its perception of the importance of family.

“We are recognising the importance of family through this boost which will benefit Australians who seek to have their parents, partners or children join them to live here permanently,” Senator Evans added.

The family stream of the Australian migration program has had 2,500 places added to the Spouse and Fiancée Visa program, 1,000 places to the Parent Visa program, and 300 to the Child Visa program.

Source www.gettingdownunder.com

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What is superannuation?

Superannuation is a way of saving for your retirement. Both you and your employer can make contributions that accumulate over time and this money is then invested in shares, government bonds, property, or other appropriate investments.                                 

On retirement, or after disability or death you then receive the money (less charges and taxes) as regular periodic payments (ie, a pension), a lump sum payment, or a combination of both.

Employers must contribute to an employee’s superannuation fund. This is called the Superannuation Guarantee, which came into operation on July 1, 1992.

The amount of the contribution is 9 per cent of an employee’s wages (excluding overtime, leave loading and fringe benefits).

Some employees are left out. The Superannuation Guarantee (Administration) Act says that employers do not have to pay the Superannuation Guarantee in certain circumstances.

Some of the exceptions are:
• employees earning less than $450 per month;
• employees under the age of 18 who work 30 hours per week or less;
• employees over 70 years of age;
• anyone paid to do domestic or private work for 30 hours per week or less.

Can the employer pay more?

An employer can make payments above the compulsory superannuation guarantee as:
• a reward for a worker’s performance;
• a type of co-payment, where the employer’s contribution increases in line with the employees voluntary contribution; or
• a ‘salary-sacrifice’ – this is where the employer makes a contribution that would otherwise be paid as salary.

Note, there are limits to the amount of salary sacrifice that can be made in a financial year.

If you want your employer to pay more, you should get advice from a financial advisor, but keep in mind that employers are limited in the amount that can be claimed as a deduction for superannuation contributions made for a particular employee.

Check with your superannuation fund or the Australian Tax Office to find out what these limits are – they change each year.  www.ato.gov.au

Should I contribute too?

If you have money left over after your weekly expenses, and you want to save for the future, you may want to consider making superannuation contributions as compared to other forms of investment.

Note, there are aged base limits that affect whether or not you can contribute to superannuation – for details, see the Australian Taxation Office web site.

Some of the advantages are:
• generally, you pay less tax on interest from superannuation savings than bank interest;
• with a ‘salary sacrifice’ the superannuation contribution is taken straight out of your wages, so you are not tempted to use it for purposes other than savings.

There are limits to the amount that you can “salary sacrifice”;
• the interest on superannuation savings is ‘compounded’, that is, interest earned by the superannuation fund is added to the total investment, so the interest earns more interest.

The Australian Prudential Regulation Authority estimates that a sum of money ‘compounded’ at 7 per cent a year will double in value in ten years; and
• you may be able to access the benefits of the low income super rebate and low income spouse rebate.
• you may be able to access financial incentives offered by the Government such as the co-contribution scheme. Under this scheme Government will contribute up to $1500 (depending on your income) when you contribute to your fund.

Check the Australian Taxation Office web site for details.

Ultimately, the pros and cons of contributing to superannuation is something you should get advice about.

What are the tax advantages?

The maximum tax rate for your employer’s contribution is 15 per cent.

The income you earn through the fund’s investments is also taxed at a maximum 15 per cent rate.

Salary sacrifice contributions will be taxed at 15 per cent.

Once you reach 60 you can withdraw your superannuation as a lump sum or income stream tax free.

There are also tax advantages if you contribute to your spouse/de facto’s super fund. The set off depends on their income. Check the Tax Office for details.

What laws apply?

The main laws that apply to superannuation are the:
• Superannuation Industry (Supervision) Act and Regulations (regulates most private superannuation funds);
• Superannuation Guarantee (Administration) Act and Regulations (tells employers the minimum contribution they must pay);
• Income Tax Assessment Act,.

The jargon

Accumulation funds – money is invested and the final benefit depends on the total contributions, plus earnings of the fund.

Annuity – like a pension. You receive regular periodic payments for either fixed amount of time or until you die.

Benefit – the money paid to you out of the superannuation fund or held on your behalf within the fund.

Contribution – the money paid into the superannuation fund by either you or your employer.

Defined benefit funds – the final benefit is paid on the basis of a specific formula, so the employer carries the risk if the growth of the fund does not cover the benefit.

Lump sum – money received in a single payment.

Preserved – money that you cannot withdraw from your fund until retirement or certain other events, eg reaching a certain age and leaving employment either temporarily or permanently. This includes money paid by your employer, interest earned on that money or contributions paid by a self-employed person which have been claimed as a tax deduction and any undeducted contributions you make after 1 July, 1999.

Rollover – transferring money from one fund to another.

Unrestricted or non- preserved amount – money that can be paid to you at any time form your superannuation fund

Rights to information

You are entitled to certain information from your superannuation fund. This includes:
• a member statement which shows the amount of your benefit at the start and end of the relevant period, the amount that is preserved and contact details (generally provided annually);
• a fund report which shows the fund’s financial position (generally provided annually);
• notification of changes that affect you, e.g. a change to the superannuation fund’s rules; and
• a statement that shows your benefit, including death benefits when you leave.

Source  :  www.news.com.au

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Ocean Reef Marina Concept Plan

The Concept Plan and Structure Plan that details how the Ocean Reef Marina site should be developed and how it should look in the future.

The concept plan has been developed using feedback and input from the Community Reference Group, Ocean Reef Marina Committee (of Council) and the Ocean Reef Marina Steering Committee.

Based on input from the above, the key issues identified in developing the Ocean Reef Marina site were the provision of: 

• An iconic marina development accessible to all residents                                    
• First class boating facilities and infrastructure
• Quality marine recreation facilities
• Best practice environmental conservation and preservation 

The Ocean Reef Marina development has the potential to provide the City’s residents with a world class recreational, residential, boating and tourism marina, development that encapsulates high levels of environmental sustainability, community amenity and delivers economic growth and social benefit. 

Preliminary studies and research in the areas of environmental impact and sustainability, structure planning, coastal engineering and hydrology, and financial and commercial viability have been completed and indicate that the site does have the potential for a development of this nature.

Source   www.joondalup.wa.gov.au

 

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