WA needs more migrants

Deputy Prime Minister Julia Gillard says WA needs more migrants amid claims hundreds of thousands of extra workers are necessary over the next decade to thwart a labour crisis.

Speaking at a Perth business breakfast hosted by _The West Australian _and Murdoch University, Ms Gillard said both interstate and international migration was needed to help fill future job vacancies.

It comes as employer groups warn labour shortages are set to hit within months.

Ms Gillard said WA also needed to better utilise its youth market, which was suffering a 10 per cent unemployment rate.

She blamed the labour problem partly on the booming resources sector which was drawing workers, infrastructure and services away from rest of the economy.

“That’s why we need to properly analyse and assess all claims about the West’s needs in the decade or so ahead, including claims about the need to attract hundreds of thousands of new workers,” she said.

“There’s no doubt more interstate and overseas migrants will be needed, but we need to look also at how we can achieve better results with the assets that are already available and underused.

“With a youth unemployment rate of almost 10 per cent, there is more work to be done to create the pathways that will give these kids a future.”

The Chamber of Commerce and Industry said labour shortages would hit in the second half of this year, with WA needing an extra 400,000 workers in the decade from 2007. Based on current population trends, there would be 150,000 shortfall.

CCI supports strong migration to alleviate the skills shortage, which threatened to curb WA’s economic growth during the last boom.

The WA Group Training Scheme, which last year sacked some apprentices because of reduced work, said there had been a quick economic turnaround and expectations of boom-level demand this year.

Ms Gillard said an expanded training initiative announced yesterday, creating 11,000 advanced level training places nationally, would help address some of the skills shortage.

Ms Gillard, who heads to the Pilbara today to inspect the $43 billion Gorgon project, warned unions not to engage in unlawful industrial action, singling out the construction union’s Kevin Reynolds and Joe McDonald. “We have got no tolerance for people who seek to break the rules and I am well aware there is a concern in this State over the propensity of some individuals to believe they are beyond the law,” she said.

Mr Reynolds said he was not surprised at being singled out by Ms Gillard over unlawful industrial action, claiming the pair had an adverse relationship. He said migration should be a back-up with the focus on training. 

Ms Gillard said an expanded training initiative announced yesterday, creating 11,000 advanced level training places nationally, would help address some of the skills shortage.

Ms Gillard, who heads to the Pilbara today to inspect the $43 billion Gorgon project, warned unions not to engage in unlawful industrial action, singling out the construction union’s Kevin Reynolds and Joe McDonald. “We have got no tolerance for people who seek to break the rules and I am well aware there is a concern in this State over the propensity of some individuals to believe they are beyond the law,” she said.

Mr Reynolds said he was not surprised at being singled out by Ms Gillard over unlawful industrial action, claiming the pair had an adverse relationship. He said migration should be a back-up with the focus on training.

Source  :  www.thewest.com.au

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$100 million astronomy research centre unveiled in Perth

The Western Australian Premier Colin Barnett has officially launched a $100 million research centre in Perth, which has been set up to help Australia win a massive radio astronomy project.

Western Australia and South Africa are the front runners to secure the $2.5 billion Square Kilometre Array project, with the decision expected in 2012.

To strengthen WA’s bid, Curtin University and the University of Western Australia have set up the International Centre for Astronomy Research with extra funding from the State Government.

The International Director for the S.K.A project Richard Schilizzi says the centre will enhance Australia’s chances.

“It shows that the infrastructure for radio astronomy in Australia is very strong and that means that the ability to exploit the telescope role will be ensured,” he said.

Source  :  www.abc.net.au

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How to avoid an end of financial year tax headache

• Last-minute tips to save on tax
• What to claim, how to file
• Plenty of help on ATO website

HAPPY New Year! Well, almost. With only 24 hours left until the end of financial year, what should you be doing today to ensure that you don’t end up with a big tax hangover tomorrow?

“Don’t forget to pay your expenses,” says Tracey Nicholson, the Assistant Commissioner of Taxation.

“Ensuring that expenses are paid and claimed in the correct tax year can save a lot of headaches in having tax returns amended down the track.”

Ms Nicholson suggests that some top-priority things for taxpayers to do prior to lodging their return include:

• Go surfing! The ATO website, that is.

“There is a wealth of information on the ATO website, both general as well as information that’s specific to various professions,” says Ms Nicholson. “It’s a great place to start your research on what you may be able to claim as a deduction.”

• Spring clean the house to find your receipts.

“At the end of the day you need to keep your receipts to substantiate your claims,” says Ms Nicholson.

• Lodge online.

If you are DIYing your tax, Ms Nicholson recommends the online e-tax process as a great way to complete your return.

“It’s free, and has a great step-by-step process that will help remind you of anything that you have forgotten,” she says.

It can be worth getting professional advice as well though. Bill Keays, founding director of WA-based Hales Keays Chartered Accountants says that in his experience there are a number of tax-related benefits that people sometimes overlook.

“Motor vehicle expenses are often overlooked,” he says.

“You can claim up to 5000 kilometres of work-related use based on a reasonable estimate of business kilometers, without needing to keep a log book. But some people think that if they haven’t kept a log book, they can’t claim.”

Another forgotten area, according to Mr Keays, is depreciation on a rental property.

“Sometimes clients are not aware of how much depreciation they can claim,” he says.

“For taxpayers who have a relatively modern rental property, engage a quantity surveyor to prepare a depreciation report. They will typically save you many times more than their fee due to the deductions they identify.”

But lest you get carried away with all the potential deductions out there, remember that you do need the paperwork to back it up.

“We conduct plenty of audits,”says Ms Nicholson.

“We’re going to have a special focus on truck drivers, sales and marketing managers, sales reps and electricians this year – but any taxpayer has the chance of being audited.”

And while it may be too late for this financial year, consider getting some professional advice for next year’s tax return because sometimes you don’t know what you don’t know.

“There’s usually always some way in which we can save clients extra money, either by identifying deductions or simply getting their tax structures right to start with,” says Mr Keays.

“The Small Business CGT concessions are a great example.

“One of my clients was expecting to pay capital gains tax of approximately $240,000 when he disposed of his business and he ended up paying nothing by applying these concessions.”

Your tax time checklist                                                                                                                                                                                           

To help you get the best tax return possible, here’s a few things to tick off your “to do” list today:

1. Are you eligible for the Superannuation Co-contribution? If so, it’s up to $1,500 of free money.

2. If you use your car for work, don’t forget to estimate your motor vehicle expenses.

3. A 20% tax offset is available for out of pocket medical expenses over $1500.

4. Donations of over $2 made to a deductible gift recipient are tax deductible.

5. The cost of having your tax return prepared is also an allowable deduction.

6. Income Protection insurance premiums can also be a tax deduction.

7. Small business owners who are selling business assets can take advantage of extremely generous “small business CGT concessions.”

8. You can claim up to $300 of work related expenses without the need to have written receipts. However once your claim exceeds $300 you must have receipts for the full amount.

9. Don’t forget all those miscellaneous work expenses such as union fees, seminars, trade journals, software and home office expenses. Even an appointment diary can be deductible.

10. Check the deductions fact sheet for your specific occupation to ensure that you are claiming everything that you are entitled to.

Source  :   www.news.com.au

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Flights ‘cheaper than a carton of beer’

TRAVELLERS can fly to destinations around Australia for less than the price of carton of beer thanks to cut-price airline Tiger Airways. 

As part of its latest discount assault on rivals Qantas, Jetstar and Virgin Blue, Tiger Airways has aggressively cut the cost of some of its airfares.

For a limited time some of Tiger’s one-way flights from Sydney to Melbourne cost as little as $25.51, the Gold Coast to Melbourne from $23.33, or Adelaide to Perth costs $22.78, including taxes, The Advertiser reports.

But there is a catch. While there are 30,000 seats available for various destinations, the price is for a one-way flight which must be taken on a Tuesday or a Wednesday between August 4 and March 24.

The discount flights aren’t available during the summer school holidays, from December 15 to January 27, or on March 9 and 10.

Tiger Airways says the fares include all fees and taxes, so in essence, it is giving away the seat on the plane.

The fares include up to 7kg of carry-on luggage, but passengers are charged $10 for up to 15kg and $35 for up to 25kg of check-in luggage. The one-way discount fares include Adelaide to Sydney for $28.76 and to Melbourne for $25.14.

“For the price of a couple of movie tickets or a few beers you can travel some of Tiger Airways’ most popular routes midweek,” Tiger commercial director Steve Burns said.

“While everyone’s tightening their belts in the current economic climate, it’s nice to know you can still take a short break or get that work-life balance back on track with incredible deals like this.”

Comparable airfares from Adelaide to Perth aboard Jetstar during the same period currently cost $79, with Virgin Blue’s from $89 and Qantas’s from $129.

King William Travel manager Sandra Cosic said people needed to be wary of what they received for a low fare, taking into account extra charges for luggage and other services.

“But there are some great deals out there,” she said.

Tiger’s 30,000-seat “Just Pay Taxes and Charges” sale is on until midnight tomorrow.

HOW TO PAY FOR YOUR FARE

Don’t buy that carton of Platinum Pure Blonde for the weekend. SAVE $37.98.

Instead of heading out for dinner, stay at home and eat in. SAVE $20-$30.

Wait for that new movie to hit the DVD shelves instead of catching it on opening night. SAVE $34.

Give up that manicure. Your nails can wait a little longer. SAVE $40.

Bring instant coffee to work for a week instead of buying two a day. SAVE $35.

Catch public transport to work for a week instead of driving. SAVE $40.

Source  :  www.news.com.au

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