We’re hearing a lot about the national broadcaster at the moment because management has been handed an open razor by the current government and told to slash $254 million from its $1.22 billion operating budget within five years – a massive 20%+ cut. The ABC has already started making changes that will cut $207 million from its bottom line (in 2015). As you’d expect, jobs will go in ABC newsrooms, programmes will be cut or…
In early 2007 our since-retired accountant sat back in his chair and asked the crucial question about starting a self-managed superannuation fund: “Can you tell me why you want to do this?” Then he explained in detail just how onerous it is to run your own super fund. He explained how you need to keep records for 10 years, how big a burden it is in terms of compliance, and, crucially, even when you get…
I so rarely go to Brisbane and this week I’m there four times, just when the whole city goes into lock-down for the outrageously expensive and disruptive G20 conference. It started last Sunday with our annual garden concert at Fairfield – our former neighbours have been hosting this event for 10 years (not counting 2011 when their back lawn was awash). We started setting up our small PA system, all the while being “buzzed” by…
Two dead horses and the outcry from animal rights groups that followed unfortunately pushed a telling United Nations report on climate change off the front page. In any other week, the report would have had a better run, without having to compete with horse form and breeding analysis, gossip and trivia, sweepstakes (there’s another page gone), fashions on the field and heart-tugging articles about little Aussie battlers trying to knock off cashed up European stables….