Archived News for Professionals in Federal Government - October, 2012
The Australian Competition and Consumer Commission (ACCC) has announced it will oppose the proposed acquisition by Seven Group Holdings of Consolidated Media Holdings (CMH).
Australia Post announces $2 billion redevelopment strategy
Australia Post has announced that the company will invest over $2 billion to transform its national logistics network and create a ‘universal digital platform’ to deliver the for the increased services Australians are demanding.
Government moves to implement trans-Tasman super portability
The Federal Government has introduced legislation before Parliament that seeks to establish a trans-Tasman retirement savings portability scheme.
Second stage of Alpha mine approved
The Federal Government has announced it has approved the joint GVK/Hancock Coal proposed new coal terminal at the existing Port of Abbott Point.
Unemployment jumps to 5.4 per cent
Australia's seasonally adjusted unemployment rate increased 0.3 percentage points to 5.4 per cent in September, as announced by the Australian Bureau of Statistics (ABS).
Australia becomes 12th largest economy
Australia has become the 12th largest economy, after IMF data revealed the country has overtaken Spain in economic output.
Consumer sentiment growth lacklustre
Consumer sentiment has tracked up marginally in October, with experts calling the findings a disappointing result for the economy.
Government releases Murray-Darling Basin modelling
The Federal Government has released the Murray-Darling Basin Authority’s modelling for 3200 GL and 2800 GL following the relaxing of key constraints in the system.
Government to introduce SACS pay increase Bill
The Federal Government has announced it will introduce legislation to ensure its $2.8 billion contribution to equal pay increases for social and community sector (SACS) workers is secured.
IMF paints gloomy global picture
Growth forecasts have taken a significant hit after global trade has slumped, hurting emerging markets and developing economies according to the latest review of the global economy released by the International Monetary Fund (IMF).
ASKAP begins work
The Australian Square Kilometre Array Pathfinder (ASKAP), the world’s fastest radio telescope and one the most powerful radio-astronomy instruments on the planet, has been officially opened in Western Australia’s remote Murchinson area.
Retail turnover increases
The latest Australian Bureau Statistics (ABS) Retail Trade figures show that Australian retail turnover rose 0.2% in August 2012, seasonally adjusted, following a fall of 0.8% in July 2012.
Services sector continues downward slump
The services sector has continued its downward trend, ending another quarter with a low note, according to the findings in the latest Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI).
ALRC releases aged barriers discussion paper
The Australian Law Reform Council (ALRC) has released a discussion paper for its inquiry into legal barriers faced by older people participating in the workforce.
Government seeking providers for remote jobs plan
The Federal Government has announced it has begun seeking potential providers for its $1.5 billion Remote Jobs and Communities program, which is aimed at delivering a more integrated and flexible approach to employment and participation services to remote Australia.
RBA announces cash rate drop
The Reserve Bank of Australia (RBA) has announced its decision to cut the official cash rate by 25 basis points, bringing the official cash rate down to 3.25 per cent.
Trade deficit blows out by $2 billion
The Australian balance of trade has blown out above a $2 billion deficit, with the balance soaring 32 per cent in July.