Feeds:
Posts
Comments

Posts Tagged ‘move’

THE market odds have moved firmly against an interest rate rise by the Reserve Bank in February.

The sharp change in direction, which began on Tuesday after the central bank revealed its December 1 meeting minutes, accelerated yesterday following a speech by RBA deputy governor Ric Battellino.

Mr Battellino signalled that rates could stay on hold when the RBA next meets in February, saying the “overall stance” of monetary policy was “back in the normal range”.

His comments, at the Australian Finance & Banking Conference in Sydney, surprised the markets, triggering a slump in the Australian dollar to below US90.

Last night the dollar was hovering around US89.70.

Financial market betting on a 25-basis point rate hike in February retreated from a 67 per cent chance to 45 per cent.

Mr Battellino said that although the cash rate still seemed “unusually low” at 3.75 per cent, monetary policy was back “in the normal range” because the current level of deposit, housing and business lending rates made the cash rate equivalent to a “before the crisis” level of 4.75 per cent.

“Taking these considerations into account, it would be reasonable to conclude that the overall stance of monetary policy is now back in the normal range, though in the expansionary segment of that range,” he said.

The deputy governor’s remarks were made half an hour after the Australian Bureau of Statistics revealed economic growth in the September quarter was weaker than expected.

The national accounts showed GDP edged up just 0.2 per cent in the three months to September, half the pace of growth expected by the market, for an annual rate of 0.5 per cent.

The main drag on growth was a slump in exports which coincided with a jump in imports.

However, demand from households, businesses buying more equipment and government investment was solid.

ANZ acting chief economist Warren Hogan said the GDP figures indicated there was little urgency to get official interest rates back to a neutral setting, adding that Mr Battellino’s comments had “dealt a solid blow” to the prospect of substantial gains in the cash rate over coming months.

“Put another way, the emergency setting for interest rates has now been removed and policy will be adjusted as and when required by economic conditions,” he said.

Westpac chief executive Gail Kelly told reporters after the bank’s annual meeting in Melbourne yesterday that the RBA was likely to raise rates “very carefully” in 2010.

However, she said the official cash rate was not quite yet at a “normal” level.

Mrs Kelly said she remained cautious about the economic outlook while the bank’s chairman Ted Evans said a “V-shaped” recovery for Australia was unlikely.

“It will be a long recovery and that’s what our plans are based on,” he said. 

Source  :  www.news.com.au

Read Full Post »

Sprinklers will be permanently switched off during winter from next year after the State Government today to retain this year’s trial sprinkler ban.

Yesterday’s decision follows a two-month trial ban during July and August, which Water Minister Graham Jacobs said saved about 2.2 billion litres of water, equivalent to filling 880 Olympic-sized pools and enough to supply towns the size of Manjimup or Collie for a year.

The permanent ban will apply from June 1 to August 31.

 The trial ban – for most scheme users south of Kalbarri – was introduced after water usage earlier this winter was running at 800 million litres a day, 300 million litres above average.

Dr Jacobs said today that the ban saved 50 million litres a day, while an independent survey last month indicated 93 per cent of residents supported the move.

“This is an outstanding community achievement because while there has been reasonably consistent rain, we are still well below the long-term annual rainfall average,” Dr Jacobs said

Dams were now at 45.5 per cent of capacity, their second-highest level this decade. They are holding 19 per cent more water than the same time last year.

Water Corporation figures show rainfall in all but one of the catchments for dams supplying Perth are below their historical averages for the year-to-date.

Dr Jacobs said the exact area of the permanent ban, and any adverse impact for industry and local government users would still have to be worked out.

This would occur “soon”, and some areas that took part in the trial ban – which ran from Kalbarri to Esperance and east to Kalgoorlie-Boulder – could have a case to be excluded.

These users were asked to voluntarily stop using bores during the two-month ban period, while garden bore users were allowed to turn them on for maintenance reasons.

“A lot of people say garden bores are not pulling on the scheme, but we all realise our underground water resources are all related,” Dr Jacobs said last month.

Source  :  www.watoday.com.au

Read Full Post »

Down Under Live!, the UK’s biggest event for Australia and New Zealand returns to London in 2010 at the Business Design Centre in Islington.

The show will be bigger and better, with dedicated travel, working visa and recruitment zones, as well as the best advice and help for anyone planning the move of a lifetime down under.

Come and listen to our dedicated migration seminar programme, where visitors to the show can hear from recognised migration experts on every aspect of making the move of a lifetime. Topics covered include the visa process, how to avoid paying too much to have your goods shipped overseas and specialist areas such as healthcare and schooling.

State Governments such as South Australia will be on hand to discuss job opportunities, and highlight the best that their state has to offer migrants from the UK.

This is the ONLY show for Australia and New Zealand. Make sure you’re there.

COMING SOON! Check back regularly for exhibitor and seminar programme updates

January 30th – 10.30am to 5.30pm
January 31st – 10am to 4.30pm
Tickets from £5 per person. Under 16’s are admitted free.

SKILLED MIGRANTS! IF you are under 45, and are skilled in areas such as nursing, healthcare, engineering, construction, IT or finance, then you may qualify for a FREE ticket.

Source  :  www.downunderlive.co.uk

Read Full Post »

Effective from 1 July, people moving to Australia on a temporary skilled work visa will be entitled to a higher minimum salary.      aus_money1

The minimum salary that must be paid by Australian employers taking on foreign workers holding a temporary skilled work visa (457 Subclass visa) has increased by 4.1 per cent. The increase brings the minimum salary in line with the rise average wages since the previous wages review of August last year. The 457 Subclass visa entitles Australia immigration workers for a period of between three months and four years.

In addition to the changes in minimum salaries, the English language ability standards for trades people moving to Australian were also adjusted on 1 July. Previously, trades people were required to demonstrate a ‘vocational’ level of English. Under the new regulations, they must be able to demonstrate a ‘competent’ level of English. This brings the trades, such as carpentry, bricklaying and cookery to the same level in terms of English requirements as the other occupations listed as ‘in demand’ by the Australian immigration authorities.

The Skilled Occupations List includes all the occupations that are suffering skills shortages in Australia. Trades included in this list include a wide variety of professions e.g. fitters, hairdressers, cabinetmakers, landscape gardeners, electricians and locksmiths.

Source  :  www.globalvisas.com

Read Full Post »

alliedhealth4Skilled health professionals in the west of the UK are being given the chance to find out about a new life in Australia at the Down Under Live event in Cardiff. on the 11th July. 

There is currently a significant shortage of doctors, medical specialists and nurses in Australia, particularly in regional areas. One of Australia’s leading healthcare recruitment companies, HealthStaff Recruitment, will be coming from Australia to interview candidates for positions in Sydney, Brisbane, Adelaide and other cities.

Candidates will also be able to talk to a range of companies that will make the move possible, including migration agents, state governments, banks and shipping companies.

Tickets are free to any skilled professionals in the healthcare professions. For further information or to apply for tickets, go to www.emigrationseminars.com/cardiff.php

Source  :  www.australiamagazine.co.uk

Read Full Post »

We are looking for 15 Radiographers/Sonographers to work in various locations across Australia. These positions are both locum and permenant and sponsorship visawork in aus will be provided.

Could you please contact us either through e-mail or phone and let us know whether you are interested.

These positions are ready to go now for the right people, so make the move to sunnier climbs!

I look forward to hearing from you

Sarah Clisby
holtlocums@live.co.uk
07792 167 160 / 07940 595 999

Source  :  www.pomsinoz.com

Read Full Post »

In a welcome move, the Australian Government has said it will legislate to extend the validity period of subclass 410 Retirement visas to 10 years, and remove the working restriction on these visas.

Subclass 410 Retirement visas ceased to be available to new applicants at the end of June 2005, but there are nevertheless some 8,700 410 visaholders in Australia at the moment.

The 410 visa is a long term temporary residency visa, with an initial validity period of 4 years. Initially renewals of this visa were required every 2 years, and there was a no work condition attaching.

Work rights were relaxed in 2003, and relaxations to the health requirements upon renewal of 410 visas were announced later that year.

In 2005 the rollover period for 410 visas was extended from 2 years to 4 years.

Successive Immigration Ministers appear to be sympathetic to the position in which Retirement visaholders find themselves. Many 410 visaholders are now long standing members of Australian communities, and granting permanent residency is a natural next step – the present Minister appears willing to listen to representatives of the 410 cohort, and in extending the renewal period to 10 years is (we would submit) providing quasi-permanent residency to affected individuals.

Full access to Medicare appears to be the main issue with this visa category, together with an ongoing requirement to maintain private health insurance.Indeed, with temporary visaholders being able to structure their personal tax affairs such that overseas source income (including UK source pensions) are not subject to tax in Australia, some would contend that 410 visaholders are in a good place visa and tax wise.If you are a subclass 410 visaholder and would like to discuss your personal tax and financial position please contact us at our Perth or Geelong office. Go Matilda Accounting and Tax is one of the few firms of advisors that have consultants with knowledge across the UK and Australian jurisdictions, and are therefore ideally placed to assist with the preparation and lodgment of UK and Australian Tax Returns, and to provide strategic advice on personal tax planning.

We also recommend that Retirement visaholders visit the internet discussion group that lobbies for the interests of individuals holding subclass 410 visas – British Expat Retirees In Australia, or BERIA: see the weblink below.

  http://groups.yahoo.com/group/BERIA/  Source : www.gomatilda.com 

Read Full Post »

FORMER politician and tennis ace Arthur Marshall is selling his Mandurah canal home to move back to the city.  mandaruh house

The one-time TV sports commentator and father of Channel 9 newsreader Dixie Marshall said his house of 10 years was “on the best block on the canal” because of its dual water views.

“From a canal’s point of view it is on what is called a T-junction. You look right, left and ahead and all you have are water views,” he said.

With an estuary to the west and the canal to the east, every room in the home has a water view.

Two studies, a bedroom and the open-plan lounge, dining and kitchen are on the ground floor.

Tall windows reach to the second storey, allowing breathtaking water views. A wide entertaining area leads to a private jetty.

There are three bedrooms upstairs, including the master with ensuite, walk-in robe and balcony overlooking the canal.

The other bedrooms have built-in robes and a shared main bathroom.

A lounge with a balcony makes it ideal for guests or a teenagers’ retreat.

“I asked the architect to make it feel like you were on a ship and when sitting in the lounge upstairs, it is just like it, with water everywhere,” Mr Marshall said.
The home has airconditioning, an alarm and double lock-up garage.

“One of the best things is the huge reserve next to the house,” Mr Marshall said. “Not only is it great to kick a footy with the grandkids and go for a walk, but it allows for plenty of visitor parking.”

72a Waterside Drive, Dudley Park
$1.95 million
Four-bedroom, two-bathroom canal home with water views, open-plan living area, upstairs lounge and private jetty.
Agent: Peter Lindsay 0429421942, Elders Real Estate Mandurah 95359111

www.news.com.au

Read Full Post »

Older Posts »