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Employability Training to Become Mandatory for Young Adults

young people

Unemployed young people on the dole will have to participate in compulsory “employability” training as part of the federal government’s youth employment plan.

People under the age of 25 could get a $200 top up to their fortnightly welfare payment if they choose to participate in a business-led internship program.

Its a 3 stage program beginning with 6 weeks of skills training.

Employers will get $1000 for giving unemployed youths work experience and help them a “foot in the door”.

The program would have to be completed within five months of receiving the dole.


Did the Advent of Finance Facilitate Democracy?

roman coins

Athens is famous for being the birthplace of modern day democracy but a recent post on questioned whether finance actually gave rise to this democracy.

Athens use to pay its citizens for various civic duties, some say priming them into the mindset that made possible the participatory government.

The article goes on to explain without financial innovation, the “experiment” of democracy may not have been the success it became.



Financial Planners Need to Gain the Public’s Trust

financial avisor

A new survey reveals that confidence in financial planners has dropped while the level of confidence in the financial services industry at large has increased.

According to an article on these results are a sign that the Future of Financial Advice (FoFA) reforms haven’t enhanced the reputation of the beleaguered advice sector, which has become synonymous with scandal.

The report by the CFA Institute, found that in 2015 Australian savers ranked their level of trust in financial advisers at 46 per cent, down from 51 per cent in 2013.

Read more: 

Industries Benefiting Most From Pay Rises

financialThe Australian Bureau of Statistics recently released a quarterly wage data report and according to the report private sector wages rose just 0.4 per cent in the March quarter with the public sector wages raising slightly more at 0.6 per cent.

According to statistics, education and training recorded the greatest quarterly rise of 1 per cent.

As compared with the same period last year, the financial and insurance services, education and training and health care industries had the highest growth, recording a 2.6 per cent increase.


Australia’s First ‘Green’ Bond


Australia has its first green  bond which just made solar heating more affordable.

The Australian based credit finance group FlexiGroup, has made a landmark issue of green Asset Backed Securities, a bond raising $50 million to refinance residential rooftop solar systems in the first issue of their type.

As an article on highlighted, the significance of this is great. Rooftop solar can now enter the mainstream bond market in Australia for the first time. It also provides a way of cheaper finance for this and other renewable energy technologies.

Read more at:

Does the Budget Hold Hope For The Construction Sector

Turnbull's First Budget

With all eyes on the budget handed down in Canberra last week, we noticed a post published by construction safety course (the White Card) providers who offer basic safety training as a pre-work requisite qualification for construction workers.

The post titled “All Eyes on The Budget Commentaries to See The Effect On Construction & Infrastructure” looks for some hope on the horizon for the construction and infrastructure sectors.

It lists bullet points summarised courtesy of a NAB Budget commentary.

You can read the article here, and a full PDF commentary on the Budget 2106 here.

Or, join the conversation on the Twitter stream below:


Australia Post to Charge for Undelivered Parcels

apAustralia Post is going to start charging customers to collect undelivered parcels according to an announcement it made yesterday.

The entity, once run by the government, said the changes would come into effect later on this year.

At the moment undelivered parcels are held at no cost for 10 days before being returned to sender, but customers want their packages held longer and will be happy to pay for this service.

As of 1 August, a package not collected within 5 days will be cost $3 to collect and parcels held up to 30 days will cost $9.


Should We Have a Royal Commission into Banks

malcolm turnbullWith the Prime Minister calling a Royal Commission into banking unnecessary, what are the arguments for and against?

In a debate, those arguing in favour of the royal commission say a “clean house” or a cleaning up of the sector could only benefit everyone, so what is the harm ?.

Those opposing the review say a political spotlight is not needed. One of those of this opinion is the Prime Minister as well as banks who are understandably concerned.



Pay Rises for Top Paying Finance and Accounting Jobs


According to a post on, top paying finance and accounting jobs can expect an increase of between 5 and 8 per cent when they move jobs. This is according to recruiter Robert Half.

Robert Half says most job seekers in the accounting and finance sectors will be fortunate if they get any pay rise when job hopping because finance companies are leaner today than they were when the global financial crisis hit.

Read more at: 


Financial Services Royal Commission if Labor Wins

financeIf Labor wins the next election, we can expect a royal commission into the financial services industry.

The announcement has started a fierce political fight over the wrongdoing in the financial services sector between the Coalition and Labor.

Mr Shorten and Mr Bowen speaking at a press conference held in Melbourne recently said that the first 100 days of office if they won would involve considering and compiling terms of reference for a royal commission.  Read more at: