Business SA: Migrants a must for growth in South Australia

Business SA: Migrants a must for growth in South Australia

AUSTRALIA has always been a country which has thrived on migration, helping boost our skilled workforce, arguably increasing our intellect, and bringing waves of culture which have enriched our lives. Who doesn’t love a good Indian curry, a lamb yiros, or — as a Canadian — poutine? We are a nation built on migration, and South Australia needs skilled migrants more than most states. SA’s population sits around 7 per cent of the national share. Since September 2002, we’ve had more people leaving to go interstate than coming — that’s…

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Foreign investment surcharge could turn away buyers, agents warn

Foreign investment surcharge could turn away buyers, agents warn

Posted November 20, 2017 20:28:12 Real estate agents specialising in overseas investors have warned the South Australian Government the way a new levy on foreign investment in residential property is being applied will damage the state’s reputation as a good place to invest. Treasurer Tom Koutsantonis last week announced the Government had decided to increase a ‘foreign investor surcharge’ from 4 per cent to 7 per cent as part of the Government’s Budget Measures Bill. The levy will apply to foreign investor property settlements from January next year. Other states…

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Malcolm Turnbull faces revolt from four MPs on Royal Commisison into banks

Malcolm Turnbull faces revolt from four MPs on Royal Commisison into banks

MALCOLM Turnbull has been accused of delaying parliament to avoid an embarrassing backbench revolt over a royal commission into the banking sector. Senior government minister Christopher Pyne today announced the House of Representatives would not return to Canberra for sitting until December 4 — a delay of one week — to deal exclusively with the same-sex marriage bill and to resolve any outstanding citizenship issues. Greens senator Peter Whish-Wilson has been quick to accuse the government of a delay to avoid a push by Coalition backbenchers to call for a…

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Defiant Cambodia PM dares US to cut all aid to his country

Defiant Cambodia PM dares US to cut all aid to his country

Posted November 19, 2017 18:18:00 Photo: There has been a growing push from Hun Sen’s administration to neutralise political opponents. (Reuters: Samrang Pring) Related Story: Calls for Australia to withdraw funding as Cambodia opposition party dissolved Cambodian Prime Minister Hun Sen has reportedly challenged the United States to cut all aid after it announced it was ending funding for a general election next year in response to the dissolution of the main opposition party. Key points: Prime Minister Hun Sen has cracked down on critics, rights groups and independent media…

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Recording central to Westpac rate-rigging case

Recording central to Westpac rate-rigging case

WESTPAC’S top money market manager says he swore “way too much” after he was recorded calling rivals “deads–ts” among other comments laden with profanities. The trader, Colin Roden, was also recorded dubbing a colleague a “f—ing thief” and bragging he would “f— the rate set”. But Mr Roden has insisted to a court that he did not attempt to manipulate the key lending rate known as the bank bill swap rate (BBSW). In a case brought by the Australian Securities and Investments Committee at the Federal Court in Melbourne, the…

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