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Business has warned that West Australians could be priced out of the resources boom and interest rates pushed even higher if the Federal Opposition follows through with a promise to slash the number of immigrants.

WA Chamber of Commerce and Industry chief economist John Nicolaou said the flagged cut would mean the abandonment of major developments by companies unable to find the workers they need to exploit the State’s natural resources.

He was backed by Trade Minister Simon Crean who said cutting immigration now would devastate economies like that of WA and Queensland which were crying out for workers.

The Opposition has signalled cutting the net immigration intake which, when temporary workers and students are taken into account, edged down to 297,000 in the three months to the end of September.

Shadow immigration minister Scott Morrison said forecasts of Australia’s population reaching 36 million by 2050 proved immigration under the Rudd Government was “out of control”.

He said a coalition government would bring immigration levels back to a “sustainable level”.

But Mr Nicolaou said with WA needing 400,000 people over the coming decade to deal with the resources boom, cutting immigration levels could prove economically disastrous to the State.

He said major resource companies would go overseas if they could not get the labour they needed in Australia.

Those that did continue work in WA would have to pay higher wages for their staff, which would then push up costs for the rest of the community.

“I think it’s very short-sighted if they’re looking at cutting immigration, because it’s going to push up costs for everyone through wages going up,” he said.

“We lost investment in the last boom because there were insufficient workers, and we run the risk of doing that again.”

Professor Peter Mc Donald of the Australian Demographic and Social Research Institute also warned that trying to cap immigration levels would have major economic ramifications for people already living in Australia. The Reserve Bank was already lifting interest rates to dampen demand.

“You’re just going to push up wages pressures and that will feed into higher interest rates,” he said.

Mr Crean said the resource States would be disadvantaged if the number of workers was artificially restricted.

“Mining companies generally are saying one of the biggest challenges they face … is the availability of skilled labour,” he said. “People calling for cuts to immigration programs ought to understand how the economy is functioning.” 

Source  :  www.thewest.com.au

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The Broome to Fremantle Ocean Race will be a part of the 7,500 nautical mile Around Australia Race and Rally event.

Bob Williams the CEO of Ocean Events Pty Ltd, the Western Australian company behind the 2011 ‘Around Australia Ocean Race and Rally’ has spent the last few days in Broome, located in the Kimberley Region of Western Australia, and an important stop-over port for both the Around Australia Ocean Race and Rally.

Williams has been meeting with local authorities and business people discussing the event coming to Broome waters in August and September 2011.

‘I couldn’t be more pleased with the reception that I have received in Broome and the enthusiasm for our event. Broome people will make this a memorable stop-over port that everybody associated with both the Race and Rally yachts will thoroughly enjoy.’

Incorporated into the 2011 Around Australia Ocean Race is the Broome to Fremantle Ocean Race. The Perpetual Broome to Fremantle Ocean Race Trophy is designed and manufactured in Broome by the internationally renowned pearl jewellery company Linneys of Broome.

Principal owner of Linneys Mr Bill Reed yesterday gave Bob Williams and Broome Shire President Mr Graeme Campbell the first viewing of of the trophy.

Linneys apprentice Joshua Gower is the proud craftsman of this fine trophy a copy of which will be taken home by the winning skippers of the 2011 Broome to Fremantle Ocean Race.

Originally founded as a pearling port over a hundred years ago, Broome now boasts a multicultural population of many nationalities lured here by the promise of finding their fortunes. Asian, European and Aboriginal cultures have all blended to create a captivatingly friendly and flamboyant personality that is the heart and soul of Broome.

Broome pearls are recognised as the best in the world and pearling remains one of the town’s major industries.

Broome has a permanent population of 15,000 which expands to 40,000 around the time of the Broome Cup Week horse racing carnival (August) attracting visitors from all over Australia and around the world.

The crews of the Around Australia Ocean Race and Rally yachts, shore crew, family, friends, supporters, sponsors, and local and international media people are bound to be captivated by Broome – one of Western Australia’s and Australia’s best loved tourist attractions.

‘Since we opened the doors for Slot Reservations we have been staggered by the responses for both the Race and Rally – still about neck and neck in event preferences at this stage.

Skandia – 2011 Around Australia Ocean Race and Rally for Cruisers  Andrea Francolini ©  

 

‘We’ve heading towards 100 boats now from 100 foot super maxis to Transatlantic racers, from cruising and racing catamarans and many cruising monohulls and the reservations just keep rolling in and we expect that at this rate we will have a total of around 300 reservations.

‘It’s very gratifying to see such interest in the event. It’s plain that the event has such national and international appeal with Event Slot Reservations coming in from South Africa, Europe, the USA, and New Zealand already.

‘Some very significant Australian yacht clubs have chosen to join with us in planning and running this major event and we will be making announcements about that in coming days.

‘Please get your Slot Reservations in as soon as possible, the news is spreading internationally now!!’

Got to www.sailaroundaustralia.com.au to read more and fill in your Slot Reservation now

Source  :  www.sail-world.com

 

 

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THE Rudd Government has dumped one of its key election promises, the Grocery Choice price monitoring website, after supermarkets failed to provide enough information to make the site reliable.

After a meeting today with major supermarkets, Competition Minister Craig Emerson announced that the measure – an election promise that was aimed at keeping grocery prices low – would not proceed, The Australian reported.

“Upon close examination of the data requirements for reliable price information, I have formed the view that it is not feasible to generate that information in a timely manner, “ Dr Emerson said.                                                                                                                                                                                                                                                    website cost of living in oz

The scheme had been due to be up and running next week.

The dumping of Grocery Choice comes after the Government last year abandoned FuelWatch after it was defeated in the Senate.

Mr Rudd campaigned heavily prior to the election on easing the cost-of-living pressures on working families and increasing competition in the petrol and grocery sectors.

Both FuelWatch and Grocery Choice were criticised for not putting downward pressure on prices.

Earlier this month it emerged that the consumer advocate Choice would be forced to go it alone on the website as the major supermarket chains continued to drag their feet over supplying price data.

Choice took over the running of the website from the Rudd Government, which launched it after campaigning on easing cost-of-living pressures before the election.

The $13 million site, which originally launched last August, was heavily criticised for displaying information that was too general and outdated to be useful.

Source  :  www.news.com.au

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Job creation and capital works projects will form the cornerstone of this year’s state budget, West Australian Premier Colin Barnett says. 

The WA government on Thursday will deliver its first budget since elected last year.

“It will be responsible and I think you will see it supports maintaining  jobs and supports the future development of this state,” Mr Barnett said on Wednesday.

“And you will see not only that, but a number of measures designed to maintain jobs, particularly in the small- to medium-size business sector.”

The government is under pressure to maintain a surplus after Mr Barnett’s commitment to deliver surpluses in the next two budgets.

While seeking to maintain the state’s AAA credit rating, the government is also facing demands from WA’s peak business lobby to deliver on an election promise to cut taxes by $250 million.

Mr Barnett said the state’s budget and finances would need some “rejigging” to match a $263 million federal government commitment in Wednesday’s federal budget to put the Perth rail line and bus station underground.

“Yes, we will have to have some rejigging of the state budget and finances because we originally sought 50/50 funding just to sink the rail line,” Mr Barnett said.

“The commonwealth’s taken up the point. It was an issue I discussed with the prime minister in Perth about three weeks ago and I just made the point to him quite informally that if we’re going to sink the rail line it would actually be commonsense to sink the bus station too …

“He’s obviously taken it on board so we’re going to make sure that happens.”

The federal government also pledged $339 million for a deepwater port at Oakajee, in the state’s midwest, which will boost iron ore exports in the region.

The WA government had already spent about $20 million on Oakajee and private proponents were now spending $100 million on the design of the deepwater port and rail line, he said. Continued…

www.watoday.com.au

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