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Glass found in frozen broccoli bags

Written By Unknown on Sabtu, 24 Agustus 2013 | 11.51

Bags of frozen broccoli are being recalled after bits of glass were discovered inside the product. Source: AAP

BAGS of frozen broccoli are being recalled after bits of glass were discovered inside the product.

Metcash Trading is recalling 500g bags of Black and Gold broccoli florets from IGA stores and other independent grocers across Victoria, NSW, Queensland, Tasmania, and in the ACT.

Only bags that have a best before date of July 8, 2014 with a batch code of YJ12190 are impacted by the voluntary recall.

The company said in a statement that it is in contact with the manufacturer to find out what happened.


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Abbott doesn't believe polls

TONY Abbott doesn't believe the polls that are tipping the coalition to win the election.

"I think this is a very, very close race", the opposition leader told reporters in Adelaide.

A ReachTEL poll of 2785 electors across Tasmania shows the Liberal Party is now almost certain to pick up the seats of Bass, Braddon and Lyons.

And the latest Fairfax-Nielsen poll shows Labor's primary vote has dropped two points in the past fortnight to 35 while the coalition's rose a point to 47 per cent. After preferences, this gives the coalition a 53-47 lead.

"Frankly, I don't believe them," Mr Abbott said of the polls.

He says there is a long way to go before September 7 and Labor is about to unleash "the mother of all negative campaigns" over the next two weeks.

Labor is "hopeless" at governing but "brilliant at low politics", he said.

Mr Abbott says Mr Rudd now has a spring in his step because he thinks Labor's negative campaign is working.

Deputy Prime Minister Anthony Albanese played down Labor's poor poll results, saying the campaign was only at the "half time siren".

"We're about to run on the field for the second half, and we all know the premiership quarter is the third quarter," he told reporters in Melbourne.

"Tony Abbott has his campaign launch tomorrow at the beginning of the third quarter.

"He has to come clean with his costings, where the cuts will be."


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Financial advice: to seek, or not to seek?

Written By Unknown on Jumat, 23 Agustus 2013 | 11.51

LIVING pay cheque to pay cheque and consumed by fears of how to keep up with their constant stream of bills, Simon and Felicity Doherty were sinking.

Simon had changed jobs from firefighting to policing, initially taking a 60 per cent pay cut, and with Felicity caring for their two young sons, they struggled for years on one pay cheque.

"You can't function in day to day life when you've got this weight on your shoulders that just doesn't go away," Ms Doherty said.

"You're thinking about it when you go to bed and as soon as you get up in the morning - it just becomes a burden."

Finally, it was a batch of bills they didn't know how they'd pay that pushed the couple to see a financial planner.

The decision changed their lives.

"I'd always wanted to get financial advice but it's one of those things we'd put on hold, we didn't have the money to go and pay somebody to give us the advice," Mr Doherty said.

"As soon as we walked out of our first appointment, we both had big smiles on our faces and a weight off our shoulders," Ms Doherty said.

"It makes your life so much happier."

Seeking financial advice can be a daunting experience for some, and it's not hard to see why.

If you're already struggling to make ends meet, paying a financial planner seems like another cost you don't need.

Then there's the dodgy operators who have given the industry's image a battering, including the case of seven Commonwealth Bank (CBA) planners banned by ASIC for dodgy practices that saw multi million-dollar losses for their clients.

Since then, the government has worked to clean the industry up with its Future of Financial Advice reforms, which became mandatory on July 1 and make it compulsory for financial advisers to act in the best interests of their clients.

Financial adviser and director at Hillross Bendigo Ash McAuliffe said the process shouldn't be daunting, as long as you find the right planner.

He recommends interviewing a few before choosing an experienced planner you can connect with on a personal level.

"People are reluctant to see financial planners but it's important that people don't feel intimidated or that financial planning is not for them," Mr McAuliffe said.

"People say, 'when I've got heaps of money I'll come and see you', but hang on, I can help you get that.

"It's not about having huge amounts of money and getting advice on how to invest it, financial advice is about achieving your lifestyle goals, whether that's retiring at 55 instead of 65 or buying your first house or your tenth house."

Consumer group Choice spokesman Tom Godfrey said the CBA case served as a timely reminder for consumers to ask the hard questions of their advisers and get clear answers in writing.

Free online financial advice is available for Financial Planning Week until September 1 at www.fpa.com.au/askanexpert.


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Gay sentenced slammed by shareholders

Former Gunns chairman John Gay has been fined $50,000 over insider trading charges. Source: AAP

SHAREHOLDERS have slammed as too lenient the $50,000 fine handed to former Gunns chairman John Gay for insider trading.

Gay, 70, has avoided jail after admitting to the crime, with Justice David Porter telling the Tasmanian Supreme Court it fell into the "less serious category".

He had faced a maximum penalty of five years jail or a fine of $220,000 after disposing of 3.4 million Gunns shares in December 2009 with "high grade" inside information.

The Australian Securities and Investments Commission (ASIC) hailed the outcome as sending a message to company directors.

But Australian Shareholders' Association chairman Ian Curry said shareholders were entitled to be disappointed.

"We're surprised at the leniency of the judge's decisions," Mr Curry told AAP.

"Where a director has pleaded guilty to a charge of insider trading we would have thought that there would have been the potential for a jail term or a suspended jail term."

Mr Curry said the fine did not reflect the benefit Gay had received by selling the shares two months before the company's half-yearly report was released in February 2010.

Gay had in his possession the company's October 2009 management report, which was not released to the market and which showed the company's profit had fallen 139.5 per cent on the previous year.

He sold shares at around 90 cents, netting close to $3.2 million.

The price plummeted to 68.5 cents when the February report was released.

Justice Porter said Gay had made up his mind to sell the shares before he had received the information, making the crime less serious.

He said the decision had been made because Gay had been diagnosed with prostate cancer and had a desire to pay off debts in the event of his death.

The anxiety caused by the disease affected Gay's decision making, Justice Porter said.

"The sales were not triggered by the information," Justice Porter said.

Mr Curry said that did not explain the leniency of the sentence.

"Whilst one doesn't deny that he did have health problems, we don't believe that excuses him," he said.

"It's three-and-a-half years now since that decision and Mr Gay's health still seems to be under control.

"We think the judge accepted that claim lightly."

ASIC commissioner Cathie Armour said Gay was the most senior Australian executive to have been convicted of insider trading.

"The conviction of Mr Gay sends a message to directors to carefully consider the information they possess when making a trading decision," Ms Armour said in a statement.

But Mr Curry rejected that.

"I think there was a clear opportunity for the judge to send a message to the business community in a position where a chairman ... took this action and clearly profited at the expense of shareholders generally," he said.

" ... This case certainly doesn't send a strong message.

Justice Porter said Gay had been advised by company secretary Wayne Chapman that he was in a permitted trading window and the chairman had been reassured by this.

But the judge told Gay, who changed his plead to guilty earlier this month: "You ought to have exercised far greater care."

He described Gay as a person of "exemplary character ... with a reputation of honesty and integrity."

The former sawmiller who joined Gunns in 1973 built the company into a top 100 Australian company by 2005, employing 2000 people.

When Gunns collapsed last year, Gay still held 12 million shares which were "effectively valueless", the judge said.

Gay did not comment outside the court but released a statement asking for privacy as he continues his treatment for cancer, the ABC reported.


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Two women sexually assaulted in Brisbane

Written By Unknown on Kamis, 22 Agustus 2013 | 11.51

TWO women have been sexually assaulted in broad daylight at a northern Brisbane suburb within an hour.

A woman, 21, was assaulted at a bus interchange at Lutwyche about 3.10pm (AEST) on Wednesday.

Less than an hour later, another woman, 19, was attacked in a nearby street.

Police are investigating whether the two assaults are linked.

They want to speak with a man they describe as being of Indian appearance, slim, about 175cm tall with black hair.

He was seen wearing a hooded jumper, jeans, sunglasses and was carrying a bag.


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Apple losing grip on China tablet market

APPLE'S grip on China's tablet market has loosened as Asian tech companies increase sales with cheaper Android tablet computers.

Dickie Chang, senior market analyst at IDC, said on Thursday that Apple supplied 28 per cent of tablet computers in China during the April-June quarter, down from 49 per cent dominance a year earlier.

The iPad maker was still the biggest tablet supplier in China, its key growth engine, but its momentum has slowed.

Chang said South Korea's Samsung Electronics, China's Lenovo, and Taiwan's ASUS and Acer benefited with a surge in their market share.

He said Samsung claimed 11 per cent tablet market share, up from 6 per cent.

China is a key market for consumer technology companies as growth in sales of smartphones and tablets slows in developed countries.


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Tas Labor MP caught in medals furore

Written By Unknown on Rabu, 21 Agustus 2013 | 11.51

A TASMANIAN Labor MP who questioned an opponent's military record has admitted he incorrectly listed his own medals in election material.

Member for Bass Geoff Lyons has issued his second public apology in as many weeks after claiming he held the prestigious Emergency Services Medal.

He has corrected the listing on his website to the National Medal, which he received in 1997 for services to surf life-saving.

"It's a disappointment that I had the name wrong," Mr Lyons told reporters.

"I thought that's what it was, for service in an emergency service, surf life-saving.

"It's been corrected and I apologise for that."

Last week Mr Lyons apologised to Liberal candidate Andrew Nikolic after suggesting the Iraq veteran had spent most of his defence career as a bureaucrat.

The federal opposition seized on his latest mistake, pointing out the Emergency Services Medal had been awarded only 280 times to the National Medal's 175,000.

"A clear pattern of deceit is emerging here from Mr Lyons," Tasmanian Liberal senator Eric Abetz said.

The error was reportedly spotted by a voter who checked on Mr Lyons' record.

Polling suggests the incumbent faces a tough battle to hang on to the northern Tasmanian seat, which Labor holds by a margin of 6.7 per cent.

Mr Nikolic, who rose to the rank of Brigadier, has said he does not want his military career to be the focus of the campaign.


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Canadian man missing in remote Qld

A LAND and air search is underway for a young Canadian man left stranded in a remote area of Queensland when his motorcycle ran out of fuel.

The 22-year-old was riding the four-wheeler through scrub and thick bush near the southwest Queensland township of Quilpie when it petered out.

He called police about 6.30pm (AEST) on Tuesday but has not made contact since.

The man has some food and water on him, a police spokesman said.


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NAB on track for $6b profit

Written By Unknown on Selasa, 20 Agustus 2013 | 11.51

National Australia Bank has lifted its June quarter profit and is on track for a $6bn cash profit. Source: AAP

AUSTRALIA'S largest business lender, National Australia Bank, is on track for a $6 billion full year profit, helped along by improvements in its troubled UK division.

NAB posted a cash profit of $1.5 billion for the three months to June, up from $1.4 billion for the same time last year.

Morningstar analyst David Ellis said the bank was on track to deliver a $6 billion cash profit for the 12 months to September.

That would mark a significant improvement on the $5.4 billion cash profit the bank reported last year.

Mr Ellis said the stronger outlook was linked to improvements and reduced bad debt charges from NAB's British operations.

"The big turnaround for 2013 will be a less of a bad result from the UK and that's both in bad debts and net interest margins as well," he said.

NAB was hit with a bad debt charge of $2.6 billion last year but Mr Ellis expects that to be reduced to $2.1 billion this year.

The bank reported a bad debt charge of $498 million for the June quarter, down 10 per cent on a year ago.

Meanwhile, National Australia Bank group chief executive Cameron Clyne said the company had continued to increase its share of the mortgage market, although conditions in the business banking sector remained subdued.

"Operating conditions for business banking are challenging, with ongoing weak confidence and subdued volumes," he said.

NAB said business banking earnings were flat on the quarter with lower revenues.

But cash earnings from the bank's personal banking arm were higher due to the growth in mortgage lending.

Wholesale banking earnings were slightly lower in the quarter due, in part, to reduced customer activity.

Net profit, which includes one-off items, was $1.7 billion for the quarter, up from $1.2 billion last year.

NAB shares were trading 17 cents higher at $31.51.


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N. Korea slams South leader over drill

NORTH Korea has accused South Korean President Park Geun-hye of provocative war-mongering a day after Seoul launched an annual military drill with the US.

Rather than criticising the joint exercise itself - as it has often done in the past - the North focused its anger on comments Park made at a meeting of her National Security Council that coincided with the start of the drill on Monday.

At the meeting, held in an underground bunker, Park made it clear that South Korea should not allow its guard to drop despite a recent easing of tensions with the North.

"No matter how peaceful things are, a crisis would come if we forget about war," Park said.

"It is very important to ensure firm security preparedness in any circumstances," she added.

The 10-day Ulchi Freedom Guardian exercise is a largely computer-simulated drill that plays out the scenario of a North Korean invasion.

Pyongyang has bitterly condemned the exercise in the past, but has been muted in its criticism this year following a series of recent breakthroughs in North-South talks on cross-border projects.

Tuesday's denunciation by the North's Committee for the Peaceful Reunification of Korea said Park's comments amounted to an "agitation for extreme confrontation" and poured "cold water" on the recent efforts at reconciliation.

"(Seoul) should clearly know that if they continue to pursue confrontation ... (inter-Korea) ties will go back to the worst point, entailing uncontrollably catastrophic consequences," the committee said in a statement.

The statement contained no direct criticism of the military exercise and did not address Park by name, referring only to the South's "chief executive".


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Large projects need 457 workers, says AIG

Written By Unknown on Senin, 19 Agustus 2013 | 11.51

COMPANIES will struggle to staff large projects like the National Broadband Network (NBN) without importing workers on 457 visas, a parliamentary inquiry has heard.

But while hiring temporary foreign workers solves short term problems better programs are needed to train and retain skilled local workers, says Australian Industry Group NSW director Mark Goodsell said.

"The size and nature of the NBN rollout means it does create some challenges," Mr Goodsell told a NSW parliamentary inquiry into skill shortages.

"457 visas and skilled immigration is a really important part of the mix... but it's not a substitute for the nation having a very good skills strategy.

"Skilled migration is sort of the balancing item. It's the tap you can turn on with reliable quality fairly quickly."

What AIG believes Australia needs to meet long term labor shortages is well resourced vocational education programs at schools and TAFEs across NSW.

"(Skilled migrants) aren't a substitute for domestic training," Mr Goodsell said.

Former Prime Minister Julia Gillard earlier in the year announced a crackdown on alleged rorts of the 457 visa following pressure from unions.

The controversial measures passed parliament in June, requiring employers to prove they searched for Australian staff before hiring temporary workers from overseas on 457 visas.


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Explosives found at Mackay school

HOME-MADE bombs similar to the device that seriously injured a teenage boy have been found on a Queensland high school oval.

A teacher found the devices on the Mackay State High School oval on Monday morning.

Inspector Andy Graham says the devices had been detonated before they were discovered and no one has been hurt.

"We had our local bomb technician go and look at those devices to ensure they are safe," he told reporters.

"They had been exploded so they don't look to be of any danger to anyone."

An exclusion zone has been erected around the school and officers are searching the entire school grounds.

Police are investigating whether the devices are linked to an explosion at a Mackay home on Sunday, which seriously injured the teenage boy.

Two teenage boys were experimenting with explosive household substances when a device they'd made went off.

One of the boys, believed to be 15, suffered severe injuries to his hand, face, chest and throat. The other boy, aged 14, wasn't hurt because he was out of the room when the device exploded.

Queensland Police Assistant Commissioner Mike Condon says explosives in the hands of amateurs are very dangerous.

"Unfortunately you've got a young teenager who will be maimed for the rest of his life through just stupidity," Mr Condon told ABC Radio.

Inspector Graham said the boys were wrapping up some low-level explosive material in insulation tape. They'd planned to explode it by throwing it onto the ground.

"Even though it is low-level stuff and it's readily available around the household it can have catastrophic results," he told ABC Radio.

The injured boy is being transferred to a Brisbane hospital after undergoing surgery at the Mackay Hospital on Sunday night.


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Jailed agent stole trust money to gamble

Written By Unknown on Minggu, 18 Agustus 2013 | 11.51

A SYDNEY real estate agent who laundered nearly $1 million of his clients' money to feed his gambling addiction will spend at least one year behind bars.

Former big-time Surry Hills agent Patrick Scott was jailed this week for siphoning $813,936 from his company trust account, NSW Fair Trading says.

The former LJ Hooker director was the sole signatory of the account, and moved the money into a personal account set aside for betting.

On one occasion he bet $77,000 from the Sportingbet account in a single day.

His total losses over two years amounted to $518,788.

Scott confessed to NSW Fair Trading investigators in November 2011, telling them he had a gambling problem, before handing over his real estate licence.

He was sentenced in Parramatta Local Court on Wednesday to 16 months' jail, with a non-parole period of one year.

Fair Trading commissioner Rod Stowe said the sentence was fair, given the amount of money involved.

"Consumers have the right to have their investments being held in trust by agents kept safe," Mr Stowe said.

"Mr Scott abused this position of trust, by dipping into trust accounts containing hundreds of thousands of dollars belonging to his clients."

Scott's sentencing was part of a wider crackdown on real estate agents.

A Fair Trading spokeswoman told AAP it was investigating 29 other cases.

A trust account is used to hold money on behalf of a client until the funds are needed to complete a sale.


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Egypt Islamists vow new demonstrations

Egyptian Islamists announced fresh demonstrations after police cleared a Cairo mosque of protesters. Source: AAP

EGYPTIAN Islamists have announced fresh demonstrations after police ended a tense stand-off with protesters in a Cairo mosque, as the death toll from four days of violence surpassed 750.

Security forces on Saturday dragged Islamist supporters of deposed president Mohamed Morsi from the Al-Fath mosque, passing through angry crowds who called them "terrorists" and tried to beat them.

The interior ministry said 385 people inside the mosque had been arrested.

The clashes came as the government said the country's death toll had risen to more than 750 since Wednesday, when police cleared two camps of Morsi loyalists in the capital.

A statement by the Anti-Coup Alliance said several marches would take place in Cairo on Sunday afternoon, continuing the daily campaign of protests in defiance of an intensifying crackdown.

According to an AFP tally, more than 1000 people have been killed since mass demonstrations at the end of June against the unpopular rule of Morsi, accused of concentrating political power in the hands of his Islamist backers and of failing to address economic woes.

He was deposed by the military on July 3 in what his supporters say was an armed "coup d'etat" that deepened splits in an already highly divided society.

Meanwhile, international criticism of the bloodshed mounted, with Germany and Qatar jointly condemning the "brutal violence" and United Nations boss Ban Ki-moon urging "maximum restraint" and "de-escalation" at what he termed a "dangerous moment" for Egypt.

The siege of the Al-Fath mosque in Ramses Square began on Friday, with security forces surrounding the building where Islamists were sheltering and trying to convince them to leave.

The Islamists had lined up the bodies of dozens of protesters who had been killed on Friday inside the mosque-turned-morgue.

By Saturday afternoon, the situation turned violent, with an AFP reporter at the scene saying gunmen inside the mosque were trading fire with police outside.

Police eventually dragged people from inside the mosque, firing in the air to hold back residents who tried to attack the Islamists with sticks and iron bars.

Both outside the mosque and elsewhere in Cairo, residents targeted those suspected of being Islamists, often for no more than wearing a beard or a veil.

The tense siege came at the end of "Friday of anger" demonstrations called by Morsi's supporters that left at least 173 people dead across the country, including 95 in the capital and 25 in Alexandria.

Among those killed on Friday was a son of Mohamed Badie, chief of Morsi's Muslim Brotherhood movement.

The interior ministry said it had arrested 1004 Brotherhood "elements" during the unrest, and on Saturday security sources said the brother of Al-Qaeda chief Ayman al-Zawahiri had been detained.

Sources also said one soldier was killed in northern Sinai where militants have launched daily attacks against security forces.

Egypt's interim army-backed government has defended the crackdown, with presidential adviser Mustafa Hegazy saying forces had acted with "a huge amount of self-restraint and self-control".

The cabinet has also insisted the security services were acting to confront a "terrorist plot".

But international criticism poured in on Saturday.

Thousands marched in Turkey against Morsi's ouster, and the Vatican said Pope Francis was following events with "mounting concern."

The United States has announced the cancellation of its biannual military exercise with Egypt, but stopped short of suspending $US1.3 billion ($A1.43 billion) in annual aid.


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