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MUM and dad investors will receive generous concessions to park their savings with banks and building societies as part of sweeping tax reforms.

The Rudd Government is preparing to unveil a new savings scheme offering tax breaks similar to superannuation’s discount rate of 15 per cent, The Daily Telegraph reports.

It will encourage investors to deposit savings with the four major banks and other respected financial institutions.

But investors will have to “lock up” their savings — perhaps for between five and 10 years — to qualify for the special rate.

The new savings deal will be announced as part of the Government’s much-anticipated response to the Henry tax review.

It will be part of a suite of measures aimed at building a new savings culture in Australia.

But it is also hoped it will generate billions of dollars in bank deposits, cutting the need for finance houses to borrow from overseas.

The Government expects it will be popular with voters who currently face punishing tax rates on savings. Some taxpayers can pay up to 50 per cent on interest earned from their bank deposits.

Australia is one of the few countries in the world to tax bank savings at the full rate.

Among key reforms, taxpayers will be able to lodge their annual tax returns with a few clicks of a mouse.

And Australia’s antiquated tax system — containing 125 different taxes — will be streamlined to simplify arrangements.

It is understood the Reserve Bank and other financial authorities have raised concerns about the steady decline in deposits.

Bank CEOs have been lobbying Canberra for changes to taxation on ordinary bank deposits, claiming the superannuation industry gets a huge advantage.

And they have a strong ally in Treasury boss Dr Ken Henry, who has also raised concerns over the punitive rates faced by those who save with banks.

Source  :  www.news.com.au

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Skytrax World’s Best Low Cost airline, AirAsia welcomes 2010 with a BIG Regional Sale! The leading airline makes flying more affordable by offering airfares from as low as *RM19 for its domestic and international routes (excluding Thailand domestic routes and London).

The sale will run from 19 – 25 October 2009 for the travel period from 11 January 2010 – 30 April 2010. The incredible low fares offered by AirAsia are available to all of its Asia destinations including the Middle East departing from its hub from Kuala Lumpur, Kota Kinabalu, Bangkok, Bandung, Jakarta, Surabaya and Bali including Penang and Johor.

To make the deal sweeter, Go Holiday, AirAsia’s own online travel portal is also offering attractive holiday packages in conjunction with the 2010 Sale Campaign. Guests can book their packages via http://goholiday.airasia.com, from as low as RM112 per person for domestic packages (with flight, 3 days 2 nights hotel stay inclusive of breakfast) and from as low as RM199 per person for international packages (with flight, 3 days 2 nights hotel stay).

Exciting holiday packages on offer under the heritage sights include destinations to Seam Reap, Hanoi, Guilin, Yogyakarta, and Hangzhou. Those opting for a domestic vacation may book holiday packages to Langkawi, Penang, Kuching, Kota Kinabalu and Johor Bahru. For our shopaholic enthusiast, guests may opt for a shopping spree holiday package deals in Bandung, Bangkok, Singapore, Hong Kong and Taipei and those who are all for city sights, Dhaka, Tianjin, Perth, Melbourne and Abu Dhabi package deals are on offer.

For the Sun-Sand-Sea lovers, dream no more as holiday packages to Bali, Phuket, Krabi and Colombo are also available. Check out our online travel portal as there are more exciting holiday packages to many exciting destinations available.

Promotional seats are limited and available on first-come, first-served basis and made exclusively available online via www.airasia.com and mobile.airasia.com.

Source  :  www.etravelblackboardasia.com

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British Airways has teamed up with Australian radio station Nova 969 to launch a special promotion.

The airline announced that it would be carrying the popular radio presenting trio Merrick & Rosso & Kate Richie to the UK for a week in September.

Every day during the week, listeners will have the chance to win a pair of World Traveller tickets to London.

The competition is part of an initiative being launched by BA to promote its offer of a trip from Sydney to the UK with a free European break thrown in.

BA previously worked with the radio presenters to launch a competition giving listeners the chance to win holidays in Bangkok.

Sam Heine, the airline’s commercial manager in the south-west Pacific region, said: ‘After our best ever result, off the back of the 2008 consumer promotion Mile Thai Club, it meant that we once again turned to Nova to produce an integrated solution that would spread awareness of the exciting fare deal British Airways has to offer and also to let Australians experience everything that’s fantastic about the UK.’

BA operates flights to Sydney via Singapore and Bangkok, as well as connections to Melbourne, Perth and other Australian cities as part of a codeshare deal with Qantas.

Source  :  http://news.opodo.co.uk/NewsDetails/2009-08-26/BA_teams_up_with_Australian_radio_stars

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Butler is said to be the biggest construction site outside the mining sector.

The Brighton estate is more than halfway complete, now offering more vacant lots for a total of $8.4 million. The largest block for sale is almost 16,000sqm in Captiva Approach, near Lukin Drive which is $3.25 million. Property developer Nigel Satterley said this block would be zoned mixed business allowing for multi-purpose use.  Another site overlooking the park in Brampton Avenue which is 6664sqm mixed used lot at $2.1 million.

Mr Satterley said the North-West-Metropolitan sector is the third fastest growing area in Australia for housing.  In the Brighton Estate there will be 6300 residential lots and eventually a population of 28,000 people.  It is the biggest project ever to be lodged under the WA Planning Commission’s Liveable Neighbourhood community design codes.  The plan includes 55 parks, artificial lakes, shopping village and community facilities.                                                                                                                     

The other lots up for offer are : brighton%20crop

  • 5335sqm on Chipping Crescent, zoned business $1.1 million.
  • 3553sqm on Kingsbridge Blvd mix of commercial and residential use classed as centre zone $790,000.
  •  More information call 9562 0422 or 0418 953 659

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2009 will see the inaugural running of the Rebel Sport City to Surf for Activ Marathon.
 
The marathon is an opportunity to challenge yourself to achieve something very special, a reward for commitment and desire.
Whether you are simply looking for the ultimate physical challenge, or the ultimate mental challenge, this event has been added for you to achieve something amazing. 

The Course 42.2km

The marathon course takes in the beautiful sights of Perth, Western Australia.Runners will start in the CBD and travel along the magnificent Swan River for the first 21kms before entering in to Kings Park, Perth’s number one tourist attraction, with its remarkable expanses of unique bushland and tranquil parkland.

Upon exit of the park it’s a 12km journey to one of Perth’s many stunning beaches of the Indian Ocean, City Beach, where the finish precinct will offer amazing atmosphere and support from locals and participants in other distance events.

More information  :  www.citytosurf.activ.asn.au

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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

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High profile national infrastructure group
• Attractive Salary Package $$$

Our client is one of Australia’s leading infrastructure engineering groups, involved in delivering key projects across Australia as well as overseas. They operate in civil, marine, rail, pipelines and mining infrastructure and have a reputation which is second to none.

Opportunities exist for intermediate to senior estimators to join their highly professional team in Sydney, Perth, Brisbane and Melbourne.

These appointments will suit an experienced engineering professional with proven experience in estimating and cost planning of civil construction.

We are interested in talking to enthusiastic Estimators seeking to relocate/return to Australia & who can demonstrate the following:

• Tertiary qualifications in a related discipline
• Solid estimating experience in the construction or building industry with sound costing analytical skills
• Experience in any of the following sectors: Civil, Marine, Rail, Pipelines & Mining Infrastructure
• Proficient in planning, organising and working to time lines
• Strong communication skills and capable of enthusiastically engaging others
Our client offers exciting projects Australia-wide and an opportunity for you to work with like-minded professionals. Working within a team and independently you will make a contribution to your field of expertise.

An attractive salary is on offer with assistance in relocating to Australia. Individuals with visa plans in place or Australian PR/Citizenship will be highly regarded.

If you are relocating to Australia now or the near future and wish to discuss these opportunities further please call Jo Mount in our UK office on +44 (0) 7966 718 442 or Tara McLaughlin in our Australian office on +61 (0)3 9654 9646.
Alternatively send your CV outlining your project experience to date to apply@valuableresources.co.uk.

Take your skills to the world, Go Global at http://www.valuableresources.co.uk
All applications will be treated in confidence.

Source  :  www.expatengineer.net

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EXCLUSIVE: SUPER 7s Oz Lotto has jackpotted to a staggering $90 million next week.

The new, all-time record lottery draw will take place next Tuesday after there were no first division winners in last night’s $50 million draw.

A rush for tickets for last night’s game saw the division one prize pool boosted to a massive $59 million.

Tattersall’s Lotteries PR manager Karen Anning said next week’s Super 7s Oz Lotto
draw will shatter all existing records for lotto games in Australia.

“We were expecting the game to jackpot to $60 million next week if there were no first division winners but, due to the unprecedented level of interest in last nights draw, the decision has been made to offer a minimum guaranteed jackpot level of $90 million, Ms Anning said.

“The lotto frenzy we have already experienced over the past week is expected reach epic proportions in the lead up to next Tuesday nights draw.”

source  :  www.news.com.au

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One of WA’s largest educational institutions has moved its students into the digital age.

East Perth-based Central TAFE is about to roll out its first student e-mail service, after signing a deal with Microsoft.

The TAFE will offer its 15,000 students the software giant’s Live@Edu application, after trialling it with about 500 of them.

It follows a nine-month process which began when WA TAFE’s issued a tender for the supply of student e-mail services. Microsoft was awarded the tender last month.

Central TAFE managing director Neil Fernandes said Live@Edu would offer “connectivity and collaboration right across our campuses”.

Other WA TAFE’s – who have about 120,000 students between them – are watching Central’s pilot program. Live@Edu offers 10GB-capacity mailboxes and the potential to send and receive 20MB attachments.

Source  :  www.watoday.com.au

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Australia is still open for business

Despite the current financial troubles plaguing the world, the Australian government continues to welcome business migrants who want to move to Australia to estab1201173161413australia-flaglish and operate a new business or purchase and operate an existing business.Migration opportunities also exist for people who wish to invest in Government bonds. Australia’s states and territories are competing in a bid to sponsor business people from around the world in an effort to attract investment and suitable migrants to their cities and towns. At the same time the Australian government has been at pains to stress the importance it places on small business in Australia and has rewarded the sector with significant tax relief. On March 28 2009, the Australian government announced more than AUD720 million (SLR 23 billion) of cash-flow relief and further initiatives to support small business are expected in the May budget.

Although the business world has been pessimistic about the impact of the global financial crisis, Australia has been better positioned than most countries to weather the storm. A survey conducted by the Small Business Development Corporation of small business sentiment in Western Australia has found that “there is more optimism within the small business sector than media reports would have us believe”, SBDC Managing Director Mr Stephen Moir said when the survey was released. This may make it a good time for potential business migrants to consider a move to Australia.

Many business people from around the world have already taken advantage of the opportunities offered under Australia’s business migration programme. A total of 6565 business visas were granted in 2008, a 12.5% increase on the 2007 figure. This is about equal to the number of business visas that can be granted before July 2009 under the recently announced cap. New business visa applications are still being accepted and processed as normal and no limits have been announced for 2010. It is not clear what effect the global downturn will have on demand for these visas and whether the caps for 2009 will have an effect on processing times in the future. There would appear to be little reason for the Australian Government to place significant limits on the number of business visas in the future – business migrants create job opportunities in Australia rather than reduce them.

Historically the Australian business visa programme has attracted mostly small to medium business people who are seeking better opportunities for themselves and their families in Australia. In recent years the program has attracted many applicants from countries such as the PRC, Indonesia and South Africa where there has been some political or economic instability and concern for the future.

Australia’s business visa program is targeted at small business owners and senior managers who have a proven track-record of successful business in their country and who have accumulated wealth through their entrepreneurship, which can be invested in Australia. Successful business applicants need to show that their business has recorded sales of more than AUD$300,000 (LSR 27,000,000) in at least two of the past four fiscal years or that they are a senior manager in a significant business, and that they have at least AUD$250,000 (LSR 22,000,000) in personal and business assets which they are willing and able to transfer to Australia. Business migrants who are over 45 or who do not have a good command of English must be sponsored by a state or territory of Australia.

Despite the global downturn, there are good business opportunities in Australia in many sectors and Australia remains very much open for business. In order to encourage business migrants to establish themselves in their area, some Australian states and territories, including Western Australia, offer incentives and assistance packages to qualifying new migrants and small business owners. Many states and territories offer discounted education for children of business migrants.

A successful business visa applicant will first be granted a temporary visa for four years within which time they must relocate themselves and their families to Australia and establish their business in the sponsoring state. Provided the relevant requirements are satisfied during this time, the person can apply for a permanent visa allowing them and their family to remain in Australia indefinitely. After a time, business visa holder can apply for Australian Citizenship should they want Australian nationality.
If you are thinking about migrating to Australia, the time might be now!

Source  :  www.sundaytimes.lk

 
         
 

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