Longer jail term for ice dealers

More ice dealers will be locked up for longer, as part of a Coalition election pledge to crack down on the drug.
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Under the proposed changes, ice would be treated as more serious than heroin and cocaine.

If re-elected, the Napthine government has vowed to give police powers to drug-test people arrested for an indictable offence and suspected of being under the influence.

Attorney-General Robert Clark said the laws would make it harder for dealers to profit from their crimes.

“Providing police with the power to drug-test persons arrested for serious crimes will help police to act more quickly on related offending. It will also ensure the drug use is dealt with by the court in sentencing the offender and in ordering measures for the offender to address their drug use as part of their sentence.”

People caught with 15 grams of the drug will be subject to forfeiture laws, compared to the current 30 grams.

The amount of ice deemed a “large commercial quantity” will be halved from 1kilogram to 500grams, with traffickers facing a maximum of a life sentence and forfeiting everything they own.

The quantity of ice deemed a “commercial quantity” will be reduced from 500grams to 250grams, leaving traffickers facing up to 25 years in jail.

“Given the ability of traffickers to manufacture ice locally and in smaller quantities, the current quantities make it too easy for traffickers to dodge the jail terms and asset forfeiture they deserve,” he said.

This story Administrator ready to work first appeared on Nanjing Night Net.

SES, CFA to get combined premises

A RE-elected Coalition government will fund the relocation of the Cobram SES and CFA.
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Minister for Police and Emergency Services Kim Wells made the promise when he visited the town earlier this week alongside Murray Valley MP and Ovens Valley candidate Tim McCurdy.

The Coalition will provide $200,000 to buy the land that would allow the services to move to a new site.

Housing emergency services is a trend that towns in Victoria are moving toward. Tallangatta CFA and SES moved into new, combined premises earlier this year, with both organisations saying it brought benefits when training volunteers and responding to emergencies.

Mr McCurdy said the Cobram SES’s 34 volunteers attended about 80 calls a year, while the 40-strong CFA brigade responded to 130 working from a 55-year-old station.

This story Administrator ready to work first appeared on Nanjing Night Net.

Coombe given a last chance

THURGOONA woman Melissa Grace Coombe had previously made “hollow promises” about complying with medication and staying out of trouble, a magistrate said yesterday.
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Coombe, 36, was given a 12-month suspended sentence on charges of high-range drink-driving and disqualified driving in Albury Local Court.

Those offences had breached two previous 18-month bonds imposed on Coombe, who also ordered to comply with a medication regime.

Solicitor Mark Cronin said Coombe suffered from depression and bipolar disorder, but was back on her medication.

Magistrate Megan Greenwood said a Probation and Parole Service report indicated Coombe had a lack of insight into her offending.

It was Coombe’s erratic driving which brought her to attention after a complaint from the public.

Police were on the lookout for her silver Ford between Jindera and Burrumbuttock about 6.10pm on August 3.

Officers were waiting at Stony Park Road and saw a car coming towards them with the lights on high beam and in the middle of the road.

They moved to the left to allow Coombe to pass and then followed her, activating their in-car video.

She was swerving across the road and was stopped, later registering a blood alcohol reading of 0.156.

A check revealed she was disqualified until October 27, 2016.

Mr Cronin said Coombe had a problem with alcohol and a guideline judgment on high range drink-driving indicated a jail term should be imposed.

“Alcohol is a disaster for people with mental illness,” Ms Greenwood said.

“You will get caught out this time if you do not comply with the directions of the court.”

Coombe received a 12-month suspended sentence for drink-driving and a further two-year disqualification.

She got a two-year bond for disqualified driving and new 18-month bonds for the previous matters.

This story Administrator ready to work first appeared on Nanjing Night Net.

need2know: Weak lead from Wall St

Local stocks will have to find their own way at the opening as Wall Street fluctuates between slightly positive and slightly negative after both the Dow and S&P 500 set fresh intraday record highs.
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What you need2know:

• SPI futures down 5 pts at 5526

• AUD at 87.00 US cents

• In late trade, S&P 500 -0.1%, Dow -0.1%, Nasdaq flat

• In Europe, Euro Stoxx 50 +0.3%, FTSE +0.2%, CAC +0.5%, DAX +0.2%

• Spot gold up $US18.06 to $US1169.53 an ounce

• Brent oil down 76 US cents to $US81.58 per barrel

What’s on today

Australia credit/debit card lending, wage price index, lending finance, consumer confidence; US wholesale sales.

Stocks to watch

The following companies are hosting AGM’s today: Nine, Fortescue Metals Group, Commonwealth Bank, Asciano, Computershare, Aurizon.

Dulux Group is scheduled to release full-year results.

CIMB is maintaining a “reduce” rating on Commonwealth Bank and dropped its target price to $75.86 from $75.95 a share.“Relative to peers, we view CBA as more at risk from measures to cool the housing market, an increase in mortgage risk weights and a rise in ‘D-SIB’ capital targets. We still think CBA is overvalued,” it said.

Bank of America Merrill Lynch has maintained an “underperform” recommendation on Scentre Group and a price objective of $3.40 a share.


Near-zero US interest rates are too low and should make the Federal Reserve nervous, one of its top policymakers, Charles Plosser, said. In an interview with broadcaster CNBC, Plosser said that even though inflation was below the Fed’s preferred level of 2 per cent, there was no reason to keep interest rates at current crisis-era levels, especially with US unemployment now so low.

“That are many indicators that tell us rates are too low,” Plosser said. “We have been at zero for nearly six years and there is no precedent in history, even when inflation is too low, to have rates at zero when unemployment rates are as low as they are. We are really behaving in a way that is outside historical norms and that should make us nervous.”

The rouble resumed its dramatic slide on Tuesday, a day after the Russian central bank floated the currency that has been driven sharply lower by falling oil prices and economic sanctions imposed over Russia’s policy in Ukraine.


Zinc prices rose, supported by a strike at a Peruvian mine and concerns over expected tight supplies. “The mine supply side for zinc is going to be tight next year but more recently smelter output expectations in China have become more muted. We see zinc prices averaging above $US2300 a tonne next year,” Macquarie analyst Vivienne Lloyd said.

Chile’s Codelco, the world’s top copper producer, has lowered its term premium by 3.6 per cent to $US133 a tonne for 2015 term shipments of the metal to China. The premium is in step with the Chinese spot market, where the surcharge has more than halved this year.

A subtle shift may be taking place within OPEC as it heads into its most important meeting in years as the discussion over whether it needs to cut output to defend oil revenues quietly intensifies.

United States

US stocks edged lower on Tuesday afternoon after the Dow and S&P 500 managed to touch fresh intraday records for a fifth straight session in early trading.

Among the S&P 500’s biggest percentage decliners, the stock of Juniper Networks fell 3.8 per cent, a day after the company’s chief executive resigned following a board review of his conduct in a negotiation with a customer.

The benchmark has rallied more than 9 per cent from a six-month low in October, buoyed by supportive economic data and solid corporate earnings reports. For the year, the index is up over 10 per cent. “We have come pretty far, pretty fast. I wouldn’t be surprised to see the market consolidate a little, in the form of hovering around here or pulling back a little bit,” said David Lebovitz, global market strategist at J.P. Morgan Funds in New York.


Europe’s leading stock markets have pushed higher, with traders reacting to corporate updates while keeping a watch over escalating tensions in eastern Ukraine in the absence of major economic data releases.

Vodafone shares jumped 5.4 per cent to 219.4 pence after the British mobile phone giant hiked its full-year profits forecast despite tumbling profits in the first six months of its financial year, mainly on exceptional charges.

Shares in German consumer goods group Henkel rose 4.6 per cent after it also posted better than expected quarterly earnings and raised its full-year forecast. Outside the blue chips, Germany provided further earnings support after mid-cap construction group Hochtief, controlled by Spain’s ACS, rose 2.6 per cent. It reported a 12 per cent rise in underlying third-quarter net profit, beating market expectations

What happened yesterday

Heavy falls in the biggest miners pushed the Australian sharemarket lower, as the outlook for commodity prices continued to worsen.

The benchmark S&P/ASX  200 Index and the All Ordinaries each slipped 0.1 per cent on Tuesday.

This story Administrator ready to work first appeared on Nanjing Night Net.

Port Hedland tugboat strike put on hold

A last-minute intervention has held off a strike at Australia’s largest iron ore export port.
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A last-minute intervention has held off a strike at Australia’s largest iron ore export port.

A last-minute intervention has held off a strike at Australia’s largest iron ore export port.

A last-minute intervention has held off a strike at Australia’s largest iron ore export port.

Industrial action looms at Gorgon LNG project

Plans for a tugboat strike at Port Hedland on Wednesday morning have been put on hold, after an eleventh-hour intervention by the Fair Work Commission on Tuesday evening.

The four hour strike was due to begin at 6am Western Standard Time, but has been delayed by another week after the commission acted upon an application by tugboat operator Teekay Shipping.

The intervention means that iron ore exports by the likes of BHP Billiton, Fortescue Metals Group, BC Iron and Atlas Iron can go ahead unhindered on Wednesday.

Teekay sought an intervention on the grounds that it had sent a proposed workplace agreement to the tugboat engineers, which was due to be voted upon within a week.

The proposed agreement had not been ratified by the engineers’ union, the Australian Institute of Marine Power Engineers, and does not meet the engineers demand for daily hours of work to be capped at 12 hours.

But the commission handed down interim orders late on Tuesday evening, which effectively postpones the strike for one week, to allow Teekay’s proposal to be voted on by the engineers. Aside from the one week delay, the engineers must also provide three days notice of any new strike, meaning the earliest a strike would now take place at Port Hedland appears to be November 22.

Teekay has struck new workplace agreements with the other two groups of tugboat workers in recent weeks, the deckhands and the masters, and the company wants to test the engineers’ appetite toward the proposed deal.

AIMPE spokesman Andrew Williamson said an informal poll of engineers conducted on Tuesday indicated the members remained strongly opposed to the proposed deal circulated by Teekay in recent days.

“AIMPE is campaigning vigorously for its members to reject the company’s proposed agreement,” he said.

The threat of a strike comes at a bad time for iron ore miners who are already battling depressed iron ore prices, with several smaller iron ore exporters struggling to break even during the September quarter.

The miners believe the tugboat workers are already well paid, and their demands for improved conditions are at odds with the general drive across the mining industry for austerity and improved workforce productivity.

But with shipping movements through the port reaching record highs on the back of the rising tide of iron ore exports, the tugboat workers argue they are doing more work than ever before, and often working more than 12 hours per day.

This story Administrator ready to work first appeared on Nanjing Night Net.

Scandal over Ultranet shares, jobs

The Ultranet schools IT project was dumped by the Coalition government last year.Senior Victorian education department officials bought shares in and took jobs with the company given a $60 million contract to deliver the failed Ultranet schools IT project.
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The revelations will re-ignite questions over the former Labor government’s handling of the project – dumped last year by the Coalition after its cost blew out to $180 million – and come as Victoria’s anti-corruption agency continues its probe of the education department.

The shares scandal was uncovered by a secret 2010 internal education department inquiry which revealed its general manager, John Allman, had bought shares in CSG Limited before it was announced winner of the Ultranet contract in July 2009.

The internal inquiry also found two of the department’s then regional directors, Wayne Craig and Ron Lake, purchased 11,289 and 1112 CSG shares respectively after it was awarded the Ultranet contract.

Mr Lake’s assistant regional director for Loddon Mallee, Julie Baker, also bought 14,238 CSG shares in August 2009. CSG’s share registry confirms these purchases.

Fairfax Media understands the department’s former acting secretary, Jeff Rosewarne, received the findings of the internal inquiry in early 2011.

But it appears Mr Rosewarne, who also headed the Ultranet Project Board, had not acted on the inquiry’s recommendations for disciplinary action and referral of the share purchase to the Australian Securities and Investment Commission by the time he was appointed head of the Primary Industries department in August 2011.

Fairfax Media can also reveal the education department deputy secretary responsible for the Ultranet, Darrell Fraser, took an executive job with CSG in July 2011, two years after he was instrumental in giving the company its biggest-ever contract against the advice of Premier and Cabinet and Treasury.

Mr Fraser was joined at CSG six months later by another senior education bureaucrat responsible for the Ultranet, Dianne Peck.

The decision to award CSG the Ultranet contract shocked many in the education department and IT sector, with widepread concern over the Darwin-based company’s lack of experience and expertise in delivering major projects.

Victoria’s Auditor-General confirmed these concerns in December 2012, reporting “serious process and probity issues” with the Ultranet tender process, including CSG’s suspension from bidding in February 2009 only to months later re-emerge as the contract winner.

Fairfax Media can reveal that the key to CSG winning the Ultranet tender was its $5 million offer to buy a small company part-owned by a former colleague of Mr Fraser and Ms Peck’s weeks before tender process began in November 2008.

CSG bought a little-known company called Cinglevue Pty Ltd on October 17, 2008. Cinglevue was a vendor for US software giant Oracle’s educational products.

Oracle had been a partner in the Ultranet prototype trialled at Glen Waverley Secondary College, where Mr Fraser was principal and Ms Peck his assistant principal in the early 2000s.

Company records show another former Glen Waverley Secondary College staff member, Frank Aloisio, was a director and part owner of Cinglevue until its sale to CSG in October 2008.

Cinglevue’s other owners were former WA education department official-turned-Oracle executive, Greg Martin, and Perth IT businessman, Greg Tolefe.

Mr Aloisio was also a former business partner of the education department’s Ultranet project director Ben Cushing. Mr Cushing had worked at Glen Waverley under Mr Fraser and Ms Peck.

West Australian Supreme Court documents reveal that CSG paid $1.8 million for Cinglevue in October 2008 and a further $3.2 million when the Ultranet contract was signed in June 2009.

The documents refer to an “exclusive teaming agreement” between Oracle and Cinglevue to enable the Australian company to “act exclusively as the prime contractor with respect to the Ultranet tender response and the subsequent Ultranet agreement”.

In a statement, an education department spokeswoman said the department’s secretary Richard Bolt was provided with the internal inquiry into the CSG share purchases shortly after he was appointed to the role in late August 2011.

“Mr Bolt instructed his department to refer the report to ASIC and he also implemented the disciplinary actions recommended to him. In May 2012, ASIC advised the department it was not going to initiate a formal investigation,” the spokeswoman said.

Mr Allman, who is now the department’s south-east regional director, said he co-operated with the internal inquiry and accepted its recommendations.

“My decision to buy those shares was simply part of a long-term ongoing interest and was in no way on the advice of or connected with any employee of the department, past or present,” he said.

Mr Craig, whose wife is understood to have bought the shares under his and her name, declined to comment. He left the department last year and was not involved in the decision to give the Ultranet contract to CSG.

Mr Lake, who resigned as the department’s regional director for the Loddon Mallee in 2012, is now a director of schools in Riyadh, Saudi Arabia. He did not respond to Fairfax Media’s inquiries.

Ms Baker has also left the department and worked as a consultant with Mr Lake in Saudi Arabia in late 2012.

Mr Fraser and Ms Peck have left CSG and have also worked in Saudi Arabia with Mr Lake. Neither has responded to Fairfax Media’s inquiries.

Mr Cushing and several other former education department staff involved with the Ultranet have also since worked in Saudi Arabia.

Mr Rosewarne, now a director of the Catholic Education Office, declined to comment.

Announcing the signing of the Ultranet contract in July 2009, then education minister Bronwyn Pike described the tender process as “rigorous and comprehensive” and said CSG had “proven it is ready, willing and able to take on this important project.”

CSG’s education technology business was bought by Japan’s NEC in 2012.


What is the Ultranet?

An intranet for Victorian government schools promised in 2006 by the then Labor government.  It was shelved by the Napthine government after costs blew out to $180 million and it had few users.

Why is IBAC investigating the Education Department over the Ultranet contract?

Senior Education Department bureaucrats bought shares in the company awarded the Ultranet contract, CSG, and two were given executive jobs at CSG.



Labor government holds trial of Ultranet using software from US giant Oracle at Glen Waverley Secondary College.The college’s principal Darrell Fraser (left) joins education department as a deputy secretary.

November 2006

Labor promises Victorians it will deliver a $60.5m IT project to connect students, parents, teachers and administrators to classrooms.

August 2007

First request for tender to develop Ultranet released. All bids are over $100m so department cancels tender process and reduces project by 90 per cent. Cinglevue Pty Ltd is registered, part-owned by a former Glen Waverley SC staff member and with an exclusive deal to provide Oracle software.

October 2008  Darwin IT firm CSG Limited offers $5m to buy Cinglevue.

November 2008 Second request for tender for Ultranet begins.

February 2009 

Education Department Ultranet project board suspends CSG from bidding.

May 2009 CSG re-emerges as preferred Ultranet tenderer.

July 2009

Labor’s then education minister Bronwyn Pike announces $60.5m contract signed with CSG.

August 2010

Ultranet launched across Victoria and students given day off so teachers can get accustomed. System crashes, embarrassing government.

November 2010

Ted Baillieu leads Coalition to surprise election victory. Internal Education Department inquiry into senior officers buying shares in CSG begins.

Early 2011  Report of internal inquiry confirms four senior officers, John Allman (right), Ron Lake (far right), Wayne Craig and Julie Baker, had bought shares in CSG. Report delivered to acting education secretary Jeff Rosewarne.

June 2011 Darrell Fraser resigns as deputy secretary and takes senior executive post with CSG.

August 2011  Jeff Rosewarne (left) becomes Primary Industries Department secretary. New education secretary Richard Bolt handed report into CSG share buying. He acts on recommendations, taking disciplinary action and referring to ASIC.

January 2012 Education Department’s key Ultranet officer, Dianne Peck, joins Darrell Fraser at CSG.

May 2012  ASIC decides not to launch formal investigation into CSG share trading.

December 2012 Auditor General reports cost of Ultranet has blown out to $180m and finds serious probity issues with tender process.

June 2013  Napthine government announces taxpayer support for the Ultranet will end at the start of 2014, effectively killing the project.

Read more:Ultranet shares and jobs scandal snares Victoria’s education department Ultranet executive accused of fraudUltranet’s costly failure an education in politics and procurementUltranet IT system lined up for Catholic schoolsThreat to subpoena Victorian education chiefs over Ultranet dealUltranet’s biggest losers

This story Administrator ready to work first appeared on Nanjing Night Net.

Fairfax front pages: Wednesday, November 12

Fairfax front pages: Wednesday, November 12 Central Western Daily, Orange, NSW.
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Parkes Champion-Post, Parkes, NSW.

Canowindra News, Canowindra, NSW.

Hunter Valley News, Newcastle, NSW.

Manning River Times, Taree, NSW.

The Courier, Ballarat, VIC.

The Tamworth Times, Tamworth, NSW.

Bendigo Advertiser, Bendigo, VIC.

The Area News, Griffith, NSW.

Southern Highland News, Bowral, NSW.

Beaudesert Times, Beaudesert, QLD.

Camden Haven Courier, Laurieton, NSW.

The Courier-Sun, Bellingen, NSW.

Blue Mountains Gazette, Springwood, NSW.

The Transcontinental, Port Augusta, SA.

Coastal Leader, Kingston, SA.

The Border Mail, Albury-Wodonga, NSW/VIC.

Narooma News, Narooma, NSW.

Dubbo Mailbox Shopper, Dubbo, NSW.

Northern Daily Leader, Tamworth, NSW.

Mid-Coast Observer, NSW.

Wingham Chronicle, Wingham, NSW.

Gouburn Post, Goulburn, NSW.

The Advocate, Burnie, TAS.

Eastern Riverina Chronicle, Henty, NSW.

Nyngan Observer, Nyngan, NSW.

The Advocate, Hepburn, VIC.

South Coast Register, Nowra, NSW.

The Examiner, Launceston, TAS.

Port Macquarie News, Port Macquarie, NSW.

Daily Liberal, Dubbo, NSW.

Merimbula News Weekly, Merimbula, NSW.

North West Star, Mt Isa, QLD.

The Daily Advertiser, Wagga, NSW.

The Observer, Coleambally/Darlington Point, NSW.

The Weekly, Mudgee, NSW.

Redland City Bulletin, Cleveland, QLD

Bay Post, Batemans Bay, NSW.

Yass Tribune, Yass, NSW.

Gloucester Advocate, Gloucester, NSW.

Braidwood Times, Braidwood, NSW.

Hawkesbury Gazette, Hawkesbury, NSW.

Augusta-Margaret River Mail, Margaret River, WA.

Wimmera Mail-Times, Horsham, VIC.

Northern Argus, Clare, SA.

Goondiwindi Argus, Goondiwindi, QLD.

Narromine Newsn Narromine, NSW.

Dungog Chronicle, Dungog, NSW.

Jimboomba Times, Jimboomba, QLD.

Moruya Examiner, Moruya, NSW.

The Esperance Express, Esperance, WA.

The Canberra Times, Canberra, ACT.

Tenterfield Star, Tenterfield, NSW.

Wellington Times, Wellington, NSW.

The Advertiser, Cessnock, NSW.

Cootamundra Herald, Cootamundra, NSW.

Maitland Mercury, Maitland, NSW.

Border Chronicle, Bordertown, SA.

The Flinders News, Flinders, SA.

Armidale Express Extra, Armidale, NSW.

The Leader, Wagga, NSW.

Grenfell Record, Grenfell, NSW.

The Armidale Express, Armidale, NSW.

Cowra Guardian, Cowra, NSW.

Merredin-Wheatbelt Mercury, Merredin, WA.

The Blue Mountains Review, NSW.

Avon Valley Advocate, Northam, NSW.

Western Advocate, Bathurst, NSW.

The Young Witness, Young, NSW.

Bombala Times, Bombala, NSW.

Great Lakes Advocate, Great Lakes, NSW.

The Standard, Warrnabool, VIC.

The Border Mail, Albury-Wodonga, NSW/VIC.

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Grab the garden hose rather than a shoe to splat a cockroach

Graphic: Jamie Brown Graphic: Jamie Brown
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Local cockroaches are parched but for leaf-eating bugs it’s an orgy of eating and breeding, as Melbourne’s drying conditions are a boon for some creatures and dire for others.

Rainfall in Melbourne has been well below average for five of the past six months, down by about one-third in every month but June, which is bad news for native cockroaches.

Dry conditions are both the reason why we have some cockroaches in urban areas and the reason we see them inside homes, Melbourne Museum’s manager of live exhibits Patrick Honan says.

About five years ago the local shy variety were hardly known. These creepy crawlies ate bush leaf litter, quietly churning soil nutrients, breaking down mulch and being part of the native eco system. But when gardeners – worried about water restrictions and drought – started introducing mulch to their gardens many were inadvertently transporting native cockroaches to their gardens inside bags of mulch.

As the gardens continued to dry out during the drought, desperate local cockroaches, like the common shining cockroach, started to venture into bathrooms seeking moisture, Mr Honan says.

“They only tend to be inside temporarily because there is nothing for them to eat inside. They are transient visitors,” he said.

These locals are around all year but it is only the dry conditions that bring them to notice, he says. There are about 500 native species but only four introduced varieties which are the ones seen scurrying in pantries or wardrobes.

Mr Honan knows most people either fear or loathe cockroaches no matter where they come from.

“People don’t like them but they are neutral as far as humans are concerned, they are neither good nor bad,” he said.

In theory, he says, Melburnians with cockroaches in their bathrooms should be looking for a garden hose to water their garden rather than a shoe to splat them with.

“That would make the garden outside more attractive than the inside of the house, but it might not work in all circumstances,” he said.

In dry weather leaf-eating bugs such as aphids, lerps (which attach themselves to leaves) and common butterflies are also likely to thrive.

“Leaf chewers do well during the dry weather,” Mr Honan said.

Distressed plants concentrate their nutrients in an effort to survive making leaves and sap richer and a feast for leaf chewers.

“Every year there will be a massive increase in one particular insect,” Mr Honan said.

“The environmental factors and sequence seem to make it perfect for that particular insect. There could be seven or eight factors that make it perfect for them to breed in numbers. We never really know what those factors are until it’s happened – it might be dry, then two weeks of rain and then very dry conditions. You just don’t know.”

There is one weather factor that brings an universally dreaded bug, and that is the hot northerly wind from the top end of Australia. The foul bush fly travels on those winds.

“Once they start being blown down on the hot northerly they start to breed here, but they can’t survive Melbourne’s winter so that’s something,” Mr Honan said.

This story Administrator ready to work first appeared on Nanjing Night Net.

Jack Miller to ride at Taree’s Troy Bayliss Classic

Jack Miller will be a starter in next January’s Troy Bayliss Classic at the Old Bar Roadside Circuit.AUSTRALIAN Moto3 star Jack Miller has confirmed he will return to Australia for the Troy Bayliss Classic at Taree Motorcycle Club’s Old Bar Roadside Circuit on January 17.
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Miller, who is currently second, 11 points behind Alex Marquez in the Moto3 championship standings with one round remaining, is the first of 36 invited riders to be announced.

The 19 year-old will contest the Troy Bayliss Classic, which is now in its third year, before embarking on a full-time Moto GP ride with Honda’s satellite LCR squad in 2015.

“I am really excited to be heading back to Taree for the Troy Bayliss Classic,” Miller said.

“It is such a great event and as I saw last year it keeps getting bigger.

Event organiser Troy Bayliss will also return as to defend his crown, just weeks after competing in MotoGP champion Marc Marquez Superprestigio event in Barcelona.

“I would love to go back-to-back next year,” Bayliss said.

“But my main focus is to bring a better event every year.

“It is a huge coup to have Jack returning to race in 2015. He is the name on everyone’s lips at the moment and this is a rare opportunity to see him race in Australia.

“The upgrades to track and equipment are already underway and we have a lot of exciting new things to announce over the coming weeks,” Bayliss added.

A total of 36 Legends and All Stars will contest the classic which will see the return of the popular Americana.

This story Administrator ready to work first appeared on Nanjing Night Net.

Melbourne Express: Wednesday, November 12, 2014

RedFoo Photo: Getty sunny icon for Melbourne Express
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Good morning and welcome to Melbourne Express, our live blog from 6am-9am weekdays.  Please send comments, corrections, updates and photos to [email protected]南京夜网.au or @larissanicholso or #melbourneexpress.

Good morning and welcome to Melbourne Express.  I’ll be bringing you breaking news, weather, traffic and transport updates until 9am.  This morning Redfoo, the big-haired X-Factor Australia judge, is getting lots of social media attention for all the wrong reasons.  His new song has been branded sexist and offensive – there are even calls for him to be sacked.

It is nearly 10 degrees in Melbourne this morning and it feels colder.  Grab a jacket if you’re leaving now.  But it’s expected to warm up to a nice, sunny 26 degrees.

This story Administrator ready to work first appeared on Nanjing Night Net.

Taree’s Alex Cudlin hopes to gain a start in World Superbikes

ALEX Cudlin hopes to know within six weeks whether he’ll get a start in the world superbikes in 2015.
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Alex Cudlin could be riding in the World Superbike Championship in 2015.

Cudlin, the four-time Qatar superbike champion, made his world superbike debut at Qatar a fortnight ago.

While the results weren’t great – he crashed in the first race while a loose handle bar saw him pull out of the second – he was relatively happy with the overall outcome and hopeful.

“It was a shame really because we put in a good performance at practice,” he said.

“Where I was running in both races was probably above where we should have been.”

However, he described it as a ‘nice experience being in the world superbike paddock.’

More importantly, he was able to show the teams what he is capable of.

“They know what I can do now,” he said.

“You never know what might eventuate, but it has opened some doors.”

If he’s going to WSBK he’d prefer it all be finalised in six weeks.

“The dates aren’t out yet, but the first round won’t be until April I’d say, so really I could get an offer in March or even April and still go,” he said.

However, he’s not keen on that scenario. If he’s going to compete on the world superbike stage he wants everything in place well before then.

Cudlin’s happy with life at the moment, racing in Qatar and also riding in the World Endurance Championship.

“It would have to be a good deal to leave,” he said.

He’d also want to be in a team that’s competitive.

Cudlin received the offer to ride with the Pedercini Kawasaki Team in Qatar after one of their riders was injured.

“They knew I’d be in Qatar and won the championship there four times and that I’ve ridden there about a million times,” he explained.

“So that’s how it came about.”

Should Cudlin accept a world superbike offer he’ll have to relocate with his wife, Amy, to Europe. They can still live in Taree while he’s in the Qatar championship.

“There’s 14 rounds to the world superbikes and most of them are in Europe,” he explained.

“So we’d have to go there.

“But that’s no big deal. We’ve both lived in Europe before.”

However, the arrangements they’d have to make to shift is another reason Cudlin said he wanted to know reasonably soon if he was going.

Cudlin is 28. He said he didn’t want to leave it much longer if he was going to the superbikes.

“I think I’d like to be under 30 if I went there, although Troy (Bayliss) was in his early 30s before he started, so it’s not unrealistic to go later.”

So now it’s just a case of waiting to see what eventuates.

“All the cards are on the table now,” he said.

“I’ll just see what happens from here.

“But as I said, I’d like something concrete in place in the next six weeks.”

This story Administrator ready to work first appeared on Nanjing Night Net.

Great results for Taree swimmers

Taree swimmers Marcus Smith, Jordan Smith, Olivia Dew, Max McKillop-Davies and Bevan Smith with their rewards from the Crescent Head carnival.TAREE Amateur Swimming Club is set to make a splash this year, with swimmers already competing at carnivals at Macksville and Crescent Head in the past two weeks and achieving some fantastic results.
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Nine members competing at Macksville and Crescent Head in 38 events, achieved 40 personal best times, with some taking up to eight seconds off their times and coming away with five golds, 11 silvers and 10 bronze medals from the two carnivals.

The club is excited this year to be able to host a carnival at the YMCA Manning Aquatic and Leisure Centre on November 29 for the first time in a number of years and is also hosting one of Swimming NSW Country Regional Championships carnivals on January 10 and 11.

This is a major coup for the club.

The club will be able to use their new semi automatic timing system at the carnivals.

The system is a major asset for the club with no other timing systems like this being available in this area. Funding from Greater Taree City Council’s donations policy has enabled the committee to finish purchasing the system.

Club nights are Wednesdays from 5.45pm and for further details contact the registrar on 041 027 6340 or follow the swimming club on Facebook.

This story Administrator ready to work first appeared on Nanjing Night Net.

Is super an issue if I go back to work?

 Q I have been retired for a couple of years, and am thinking of getting some part-time work. We have $190,000 in our pension fund and own our home.
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If I do get a job, would I be able to create another super account, put some of my earnings into it, and simply roll it over into my super account at some stage?

A You could certainly do that if you are under 75 and pass the work test, but ask your accountant to do the sums. Superannuation funds pay tax at 15 per cent a year on earnings from the first dollar – you may find that money held in your name is entirely tax-free.

Q In a recent article about pension changes, you said grandfathering rules will not apply to those who already have an allocated pension “if people change products”. Does this mean that if I currently have an allocated pension, but want to change my pension to another provider before January 1, 2015, I will lose the protection of the grandfathering rules, but will fall under the new rules applicable from January 1, 2015?

A The timing is critical, so I suggest you make any changes to your situation as early as possible. If you satisfy the following criteria immediately prior to January 1, 2015, the account-based pension will be grandfathered.You have an account-based pension.You receive a qualifying government income support payment.You continue to receive a qualifying government income support payment.

If you change income stream providers, and the new income stream is commenced prior to January 1, 2015, and the additional criteria above is satisfied, the income stream will be grandfathered. If you change income streams and the new account based pension is not begun until after January 1, 2015, it will fail to meet the above criteria and will be deemed from January 1, 2015.

Q I am 62, retired from full-time work, and withdraw the minimum 4 per cent from my self-managed super fund of $5000 a month. I spend $4000 a month and have $1000 left over. Is it possible to return this $1000 back into my SMSF, and how do I arrange this? I can’t put the $1000 into my wife’s SMSF as she would have exhausted her $540,000 in non concessional contributions this year.

A You cannot contribute to a fund in pension mode, but you could certainly open an accumulation account within your own SMSF and contribute excess funds to that account. Make sure you take advice as there are heavy penalties for getting it wrong.

Q My partner and I are in our early 40s. I have an investment property in Sydney worth $900,000, with $450,000 owing on an interest-only loan. We would like to buy a unit together for $700,000 as we currently rent and are looking at selling my house. Everyone tells me not to sell the house, but I can’t see how it is possible to keep it as well as buying a place to live in. My partner has no assets but will be able to pay half the new mortgage. Our combined annual income is $110,000. What do you think?

A I agree that you would have great difficulty in making the payments on a mortgage of $700,000 when your combined income is $110,000, but if you feel the house has good potential you could keep it and simply rent a unit. Renting is almost cheaper than owning and the property you own would ensure you had a substantial interest in the Sydney property market. Iif you sell, there will be transaction costs and a possible capital gains tax.

Q My parents and I own a rental unit, with my share being one quarter. They are thinking of selling the unit and I am considering buying out their share. I would need to take out a mortgage, but I should be able to manage the repayments with the rental income. What is the best way for us to arrange to purchase of my parents’ share of the property?

A First, liaise with your accountant because there may be some capital gains tax liability for your parents and there will be stamp duty for you. Irrespective of contract price, it will be deemed for tax purposes to have passed at current market value. Talk to a lender about the best way to structure the loan.

Q We have an investment property worth $720,000 we bought three years ago for $500,000. For the first two years we were living in this property and now have it rented out. We are now renting, have bought land and plan to start building soon. If we sell our city property and use the proceeds to help pay for our new home or another investment property, do we pay capital gains tax?

A Make sure you talk to your accountant before signing any contracts but based on the information you have given you should be within the six-year capital gains tax exemption period provided you lived in the house before you rented it out and have not claimed any other property as your principal residence since.

Noel Whittaker is the author of Making Money Made Simple and numerous other books on personal finance. His advice is general in nature. Readers should seek their own professional advice before making decisions. Email: [email protected]南京夜网.


This story Administrator ready to work first appeared on Nanjing Night Net.