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Economics and Business Educators of NSW

From the President

16  December 2014

Dear EBE NSW Members,

Welcome to the 2014 December EBE NSW e-newsletter.

2014 EBE NSW Annual General Meeting – 1st December 2014

As a result of the elections held as part of the EBE NSW Annual General Meeting on 1 December 2014, a new Board of Directors has been elected. The Board of Directors for 2014/2015 are:
President: Mr Joe Alvaro (Marist College North Shore)
Vice President: Ms Cheryl Brennan (Illawarra Christian School)
Vice President: Ms Kate Dally (Birrong Girls High School)
Treasurer + Company Secretary*: Ms Bronwyn Hession (Board of Studies, Teaching and Educational Standards NSW)
Director: Mr Andrew Athavle (William Carey Christian School)
Director: Mr Matthew Bookallil (Knox Grammar School)
Director: Ms Kate Keeley (The University of Sydney)
Director: Ms Anna Tsoutsa (Auburn Girls High School)
Director: Mr Nicholas Ward (Ryde Secondary College)
Director: Dr Sarah Wright (Australian Catholic University, Strathfield)
* Bronwyn Hession was appointed Company Secretary at the Board of Directors Ordinary Meeting on 1 December 2014 (following the AGM).

  • The President’s Report to the 2014 EBE NSW AGM can be accessed here.
  • The EBE NSW Financial Statements for the year ended 30 June 2014 can be accessed here.

Welcome to all our new Board members. We have a diverse Board for 2014/2015 consisting of outstanding educators from government and non-government schools, as well as universities and the Board of Studies, Teaching and Educational Standards NSW, to keep the association moving forward for another year. I also sit on the Board of the Professional Teachers’ Council NSW and EBE Director, Bronwyn Hession, is President of Business Educators Australasia.
 
 At the 2014 AGM, we heard from our guest speaker, Lyn Kirkby. Lyn is an EBE NSW member and a former President of EBE NSW. She is currently Senior Policy Officer – Teacher Accreditation at the Board of Studies, Teaching and Educational Standards NSW. Lyn gave us an update on what is happening with regards to teacher accreditation as we all move towards the national professional standards for teachers. I thank Lyn for her most informative presentation.

The Board of Directors meet twice during each school term. If you have any questions and/or suggestions that you would like the Board to consider, please email admin@ebe.nsw.edu.au.

Have you renewed your EBE NSW membership for 2015?

Membership renewals have been posted to members (contact admin@ebe.nsw.edu.au if you have not received your renewal notice). Thank you to all members who have promptly renewed their membership. Be sure to renew your membership in order to gain all the benefits of membership of EBE NSW during 2015.
 
Anyone who would like to join EBE NSW can visit the EBE NSW website where they will find the membership forms.

EBE NSW receives Certificate of Appreciation

At the 2014 Professional Teachers’ Council NSW Presentation Evening on 25 November 2014,  EBE NSW received a Certificate of Appreciation “ in recognition of the association’s voluntary contribution during 2014 to quality education, the students of NSW and the teaching profession” . Congratulations to all the teacher associations and individuals who were recognised at the 2014 PTC NSW Presentation Evening. More information can be found on the Professional Teachers’ Council NSW website (www.ptc.nsw.edu.au/).

EBE NSW PD Event – “Legal Update Conference” held on 14 October 2014

EBE NSW held its annual Legal Update Conference at NSW Parliament House on 14 October 2014. This NSW Board of Studies, Teaching and Educational Standards (NSW BOSTES) endorsed  PD event enabled participants to hear from the following experts in the legal world speak on the following topics:
- “Judges, the criminal trial process and punishment”– Judge Peter Zahra, District Court NSW
- “The A21 Campaign: A non-legal response to human trafficking and slavery” – Joshua Henry, Media and Communications Coordinator, The A21 Campaign
- “The role of the Australian Human Rights Commission and the Race Discrimination Commissioner” – Dr Tim Soutphommasane, Race Discrimination Commissioner
- “The role of the ICAC NSW in preventing, investigating and exposing corruption” – Yvonne Miles, Principal Officer-Corruption Prevention, Independent Commission Against Corruption (ICAC NSW)
- “Thomas Kelly Youth Foundation: A non-legal response to alcohol-fuelled violence” – Ralph Kelly, Founder of the Thomas Kelly Youth Foundation.
 
The presentation by Ralph Kelly was very informative and moving as he spoke about alcohol fuelled violence that robbed Thomas Kelly (his son) of his life. EBE NSW presented Ralph Kelly with a donation of $200 at the conference in support of the Thomas Kelly Youth Foundation and its important work.
 
Conference evaluation forms indicate that participants found this conference to be very valuable and useful:
 
- “Excellent presentation – so useful to have a perspective from a sitting judge.”
- “Excellent speaker. Very engaging and a great resource for the classroom.”
- “Valid and current info. that will be used and passed on to students.”
- “ I didn’t know how much I previously didn’t know. This was very informative.”
- “My first time in NSW Parliament House – fitting venue!”
- “The direct links to the syllabus were extremely helpful.”
- “Excellent! Good to hear issues from someone who has truly experienced them.”
- “It’s the only one I come to because of the quality of speakers. Well done.”
- “Sometimes I leave PD sessions feeling like I haven’t learned anything, and that I’m attending just to ‘tick a box’. This conference has easily been the best PD I’ve been to. Every session was well presented, the speakers were interesting and I learned a lot! Thank you.”
 
EBE NSW thanks the following supporters of this event:
- Random House Books
- Allen and Unwin
- Createl Publishing
- Rule of Law Institute of Australia
- Pascal Press
- Cambridge University Press


EBE NSW PD Event - Legal Update Conference


EBE NSW President Joe Alvaro (right) presents Ralph Kelly (left) from the Thomas Kelly Youth Foundation with a donation to support the work of the Foundation at the EBE NSW Legal Update Conference 


A publisher display at the EBE NSW Legal Update Conference 

EBE NSW PD Event – “HSC Business Studies Marketing (Topic 2) Information Evening – Marketing in a Business Context” – 27 November 2014

A group of Business Studies teachers attended an HSC Business Studies Marketing (Topic 2) information evening – “Marketing in a Business Context” on 27 November 2014. Held at the SP Jain School of Global Management at Sydney Olympic Park, this BOSTES NSW endorsed course was presented by Dr Mo Kader who has significant experience and knowledge with regards to the marketing function of businesses. Using a case study approach, Dr Kader gave a stimulating and interesting syllabus linked presentation. 

Some feedback received from participants included:
- “Found it very valuable to gain further interesting case studies to incorporate into my teaching practices.”
- “A really engaging speaker.”
- “Excellent material presented and great style of speaker. Excellent examples/case studies relevant to today’s learners.”
- “The presenter presented very well. He has given me lots of ideas and case studies to assist me with teaching this topic to my Year 12 Business Studies class.”
- “Great examples and resources to use in the classroom.”
- “Well tailored to syllabus.”
- “Focus of presentation was content – which is what I liked most about it.”


EBE NSW thanks  Ms Biljana Vojdanoska, Marketing Manager ( SP Jain School of Global Management) for helping EBE NSW to organise this PD event and Dr Mo Kader for his presentation.


EBE NSW PD Event – “HSC Business Studies Marketing (Topic 2) Information Evening – Marketing in a Business Context” - Dr Mo Kader and participants

2014 EBE NSW CPA Plan Your Own Enterprise Competition NSW Awards Ceremony – 20 October 2014

EBE NSW  recognized the Plan Your Own Enterprise ( PYOE) NSW winners at our annual  NSW awards ceremony on 20 October 2014 at the Sydney office of CPA Australia together with Mr Anthony Matis, General Manager of Education, CPA Australia. At the ceremony, prizes and certificates were awarded to the NSW student winners and their teachers. Parents were in attendance as well to celebrate the success of their child. Congratulations to  the following  winners and their teachers from NSW:
- Division 1 (Individual entry) - Emma Quoyle, Loreto Normanhurst for her business plan
   “Em Corp” (Teacher: Ms Alexandra Osborne).
- Division 2 (Group entry) – Nikita Chawla and Priyanka Visvalingam, MLC School for their
  business plan “Salty Memories” (Teacher: Ms Helen Kondos)
 
In the Loretto Normanhurst newsletter (24 October 2014), the Principal, Barbara Watkins, wrote:
Congratulations to Emma Quoyle of Year 11 Business Studies for being awarded 1st Place Winner of Division 1 in the NSW State Segment of the CPA Australia Plan Your Own Enterprise Competition for 2014. Each year at Loreto Normanhurst, Year 11 Business Studies students participate in the competition which encourages students to apply their business education to a real life scenario. It involves planning an innovative business idea and developing comprehensive plans that outline the future prospects for the business. Emma’s winning submission was about the establishment of ‘EmCorp’, a company which provides modified clothing for those who suffer from limited mobility.  Emma will be attending the National CPA Australia 2014 Plan Your Own Enterprise Competition Presentation in Melbourne next week, and we wish her all the best.
 

2014 EBE NSW CPA Plan Your Own Enterprise Competition NSW Awards Ceremony


Mr Anthony Matis, General Manager Education, CPA Australia (far left), with the NSW State Winner of Division 1, Emma Quoyle (second from left) , Mr Quoyle (third from left), her teacher Ms Alexandra Osborne (fourth from left)  and Ms Bronwyn Hession, President of Business Educators Australasia (far right).


Mr Joe Alvaro, President of EBE NSW (middle),  with the Winners of Division 2 from MLC School, Nikita Chawla and Priyanka Visvalingam, and their proud Parents, Mr Priyanka and Mr Visvalingam


Thirteen PYOE NSW finalists - 7 from Division 1 and 6 from Division 2

2014 Business Educators Australasia CPA Plan Your Own Enterprise Competition National Awards Ceremony – 27 October 2014

Although our NSW winners were not successful at this year’s 2014 Business Educators Australasia CPA Plan Your Own Enterprise Competition National Awards Ceremony on  27 October 2014, they are to be commended for reaching this stage of the competition. Congratulations to  the following students who were the national winners in this year’s competition:
 
- Division 1 (Individual entry) – Angus Wither (Western Australia), Wesley College, for his business plan, “Life Housekeeping”.
- Equal Division 2 (Group entry) – Stewart Jackson and Toby Burnell (Tasmania), The Hutchins School, for their business plan, “expressO”.
- Equal Division 2 (Group entry) – Anthony Maxfield and Paedan Monaghan (Victoria), Hopetoun P-12 College, for their business plan, “Foreshore Flix”.


CPA  Plan Your Own Enterprise Competition 2014 Australasian Finalists Division 1 


CPA Plan Your Own Enterprise Competition 2014 Australasian Finalists Division 1
 
CPA Australia sponsors the PYOE Competition and EBE NSW acknowledges its support of students and teachers through this competition.  
 
All students who submitted an entry have been sent a Certificate of Participation from Bronwyn Hession, President – Business Educators Australasia and Penny Egan, President – CPA Australia.

2014 Business Educators Australasia Biennial Conference – 2nd and 3rd October 2014

I attended the 2014 Business Educators Australasia Biennial Conference on 2 and 3 October 2014. It was held in Fremantle, Western Australia and allowed teachers of the subject matter we teach from all over Australia to get together and reflect , learn and discuss  the challenges and opportunities in this current educational climate. A hot topic of discussion was the Australian Curriculum: Economics and Business and the Australian Curriculum: Civics and Citizenship where we heard about ways it was being responded to around Australia. I presented a session at the conference titled, “The Australian Consumer Law: A Young Peoples’ Friendly Guide Using a Real World Approach”. The PowerPoint presentation and the handout from this session is available from the Business Educators Australasia website (www.bea.asn.au). Go to “Events”, then “Conferences”. You will also find material from some of the other sessions on the BEA website. The conference was a stimulating professional learning experience giving teachers of our subject matter a rare opportunity to get together at a national level. 

2015 EBE NSW Annual Conference

The 2015 EBE NSW Annual Conference will be held on Friday 15 May 2015 at Club
Burwood RSL. Be sure to save this date so as to not miss out on all the professional learning, resources and networking that will be available at this major conference for teachers of the subject matter we teach. And be sure not to miss out on all the other professional development events EBE NSW has planned for 2015. More information will be available soon on the EBE NSW website and in the EBE NSW e-newsletters

2014 Board of Studies, Teaching and Educational Standards NSW HSC Business Studies, Economics and Legal Studies Examinations

EBE NSW welcomes feedback from members about the 2014 Board of Studies, Teaching and Educational Standards NSW HSC Business Studies, Economics and Legal Studies examinations. What did you think? Any problems? Strengths? Please email feedback to admin@ebe.nsw.edu.au.

14th Annual Meeting of Human Society and its Environment (HSIE) Professional Teachers’ Associations, Tertiary Educators and  Advisors from NSW Department of Education and Communities  - 28 November  2014

I represented EBE NSW  at the 14th Annual Meeting of Human Society and its Environment  ( HSIE) Professional Teachers’ Associations, Tertiary Educators  and  Advisors from NSW Department of Education and Communities  on 28 November 2014. HSIE professional teaching associations and tertiary educators in the area of HSIE came together to discuss the Australian Curriculum, learn from each other and discuss ways HSIE professional teaching associations could support  HSIE pre-service teachers. Tertiary educators and professional teachers’ associations such as EBE are an essential link between teachers, schools and the curriculum.  EBE recognizes the importance of connecting with the future teachers of the courses we support who are studying at university and promoting the importance to them of becoming a member of EBE. We offer a student teacher membership category which is heavily discounted and student membership discounts to all our professional development courses.
 
 At this meeting we heard from Dr Jennifer Lawless, Board Inspector, HSIE from BOSTES NSW who gave us an “HSIE 2014 Update”:
 
- ACARA Australian Curriculum Economics and Business is awaiting final endorsement. Unsure what implications for NSW Curriculum at this stage, including for K-6 HSIE and Years 7-10 Commerce.
 
- ACARA Australian Curriculum Civics and Citizenship is awaiting final endorsement. Unsure what implications for NSW Curriculum at this stage.
 
- No changes to Years 7-10 Commerce, Stage 6 Economics, Stage 6 Business Studies and Stage 6 Legal Studies syllabuses
 
As Jennifer will be retiring from BOSTES NSW this year, we had the opportunity to farewell her and thank her for all her work for the HSIE key learning area. I wish Jennifer all the best for the future.
 
Darren Taylor has successfully been appointed as BOSTES NSW Inspector HSIE – congratulations Darren. EBE NSW looks forward to working with you.

National Assessment Program – Civics and Citizenship Public report 2013

The National Assessment Program – Civics and Citizenship (NAP – CC) Public Report 2013 has revealed some good news regarding the level of understanding students have of civics and citizenship. The Commerce, Economics, Business Studies and Legal Studies syllabuses in NSW play a major role in developing students’ knowledge and skills in the area of civics and citizenship, especially in terms of developing informed citizens and  voters with an interest in, and an understanding of, our economy, the business world and our legal system. The news report from the Australian Curriculum, Assessment and Reporting Authority (ACARA) appears below. The National Assessment Program – Civics and Citizenship (NAP – CC) Public Report 2013 is also available and can be accessed here.

National Assessment Program – Civics and Citizenship test results show Aussie students actively engaged in society 26 November 2014
 
* From ACARA website - www.acara.edu.au/ 
  (accessed on 13 December 2014)
Today, the National Assessment Program – Civics and Citizenship (NAP – CC) Public Report 2013 has been released, showing that civics and citizenship student performance at the national level has remained relatively consistent and that many students across Australia are actively engaged in their communities, with a good understanding of civics and citizenship.

ACARA CEO Rob Randall said today, “Around 12,000 students from nationally representative samples of children in Year 6 and Year 10 participated in the 2013 NAP – CC assessments, which for the first time were conducted online. “It’s pleasing to see that half of our young Australians have met or exceeded the challenging but achievable proficiency standard in civics and citizenship although the remaining half have yet to do so.”

Key points include:
- Civics and citizenship student performance at the national level has remained relatively consistent across assessment cycles both in terms of mean student achievement and the proportion of students performing at or above the Proficient Standard.
- While performance is consistent, we should also be asking what we can all do to improve on these results.
- The availability of a national civics and citizenship curriculum (available for use; awaiting final endorsement) that provides key content may, along with the teaching resources and professional development that will follow the curriculum, assist teachers and students to improve knowledge and understanding, skills and attitudes.

A survey, which students completed alongside the test, highlights the positive attitude Australian students have towards civics and citizenship:
- When asked about important behaviours for good citizenship, 80% of students rated participation in activities such as protecting the environment, promoting human rights, learning about Australia’s history and activities that benefit the local community as the most important behaviours for good citizenship.
- Over 90% of students endorsed the notion that Australia should support the cultural traditions and languages of Indigenous Australians (about 95% in Year 6 and 92% in Year 10)
- More than two-thirds of Year 6 students reported interest in what is happening in other countries (71%), global issues (70%), environmental issues in Australia (69%), and what is happening in the local community (65%).
- The majority of students reported involvement in peer support programs, class or school elections, extra-curricular activities and other school-related activities in the community.

ACARA Chair, Professor Barry McGaw said: "Students tend to experience civic engagement first within their school context, with these experiences important for fostering future participation in a democratic society. It is pleasing to see that so many students have positive attitudes to participation as active citizens."

Read the National Assessment Program – Civics and Citizenship (NAP – CC) Public Report 2013.


What happened to the “Leading Edge” website and answers?

EBE NSW has received enquiries from teachers about not being able to access the Leading Edge website and the solutions to questions in the Leading Edge Economics books. I have been in contact with Mark Dixon and he told me that he sold the Leading Edge business in 2004. He regrets to advise that the not-for-profit organisation that was operating the business decided to cease operations earlier this year hence the website has gone down, and the activities (lectures, holiday courses etc) have been discontinued. Mark was very disappointed about this after doing all he could to help the team to keep it going, but the margins were always tight given how small the economics student market is. The good news is that Mark, with his co-author, John O’Mahony, are still writing the textbooks and workbooks (published by Pearson since 2005) and in future the answers will be published on the Pearson website.
 
In the meantime, the answers to the 2014 HSC and preliminary series of books can be found on these archived pages:
http://web.archive.org/web/20140301053432/http://leadingedge.com.au/publications/hsc-economics-workbook-6th-edition/
http://web.archive.org/web/20140301053439/http://leadingedge.com.au/publications/preliminary-economics-workbook-5th-edition/
 
Tim is currently living and working in New York and he told me: “I certainly hope I can stay in touch with the economics student community when I get back to Australia sometime in the future - my passion for teaching economics is undiminished and I've always valued the work I did with teachers and students as among the most enjoyable and fulfilling moments in my career”. Tim thanked the EBE NSW team “for all the interest and support over the past 20 years”.

Education lessons from Singapore

 The Sydney Morning Herald reported in an article titled “Where teachers earn as much as accountants and all get a job” (25-26 October 2014) that Woon Chia Liu, dean of teacher education at Singapore's National Institute of Education, told a Sydney education conference that in Singapore:
- Trainee teachers are paid while studying
- As few as 20 per cent of applicants get into trainee teacher courses
- Starting salaries are equal to that of an engineer or accountant
- Singapore attracts the “best and the brightest” to teaching and people saw teaching as a calling
- No teachers in Singapore are unemployed
- The most popular subjects to teach are Mathematics and Science
- There are different “tracks” that ensured teachers could pursue their passion, whether it be in classroom or as a principal, without sacrificing pay. "A key fundamental upheld in the Singapore system is that teachers are developed in their areas of strengths and are mentored in the process because not all teachers aspire to be school leaders or subject specialists. Good teachers who see their calling in the classroom must also be allowed to grow in their career and helped to fulfil their potential so that they feel valued and supported in their work. Without such a differentiation, outstanding teachers will all be expected to take on leadership roles in schools or the government. Some may be happy to do that but others may become disillusioned and leave the profession,” Ms Liu said.

Ms Liu also said "In Singapore, we trust teachers, we respect and value our teachers and we see them as nation builders. When things don't go well, instead of blaming or bashing teachers, we look at providing resources to support them, providing personal development to increase their capacity and on top of that, as a society, the government makes a very conscious decision that teaching should be a valuable profession."

“Trade at a Glance 2014” booklet and interactive website

The Australian Government Department of Foreign Affairs and Trade has published a booklet titled “Trade at a Glance 2014” which provides teachers and students with a summary of Australia’s trade, investment and economic performance in the past year. To receive a copy, write to trade@dfat.gove.au  There is also an interactive website. Visit http://dfat.gov.au/trade/australias-trade-at-a-glance/. DFAT is also seeking feedback on the types of resources that will be most useful to students. Please let the DFAT know about any ideas you have or let EBE NSW know (admin@ebe.nsw.edu.au)

New book – “The Economics of Just About Everything” by Andrew Leigh

In “The Economics of Just About Everything” by Andrew Leigh (Allen and Unwin, 2014) Andrew reminds us that Economics can explain almost everything.

>> Watch the video here which Andrew has recorded for Economics teachers.
 

Subsidised Teacher Familiarisation Tour to Canberra

The National Capital Educational Tourism Project is organising a teacher familiarisation tour to Canberra. Spend an action packed weekend in your National Capital with teachers from all states, disciplines and backgrounds, discovering the educational benefits of taking school excursions to the National Capital. Over the weekend teachers embark on an excursion like tour of their National Capital meeting education staff from 23 National Attractions who introduce teachers to the programs, exhibits and educational activities available to students at both primary and secondary levels.

Dates: Friday 20 - Monday 23 March 2015 
Costs: Participation fee includes flights, coach transfers in Canberra, 3 nights accommodation and most meals*
$500 for participants from NSW, VIC, SA QLD and TAS 
$600 for participants from WA, NT and far north QLD
*$300 if you organise your own transport to/from Canberra and don't require flights. More information available from www.canberraexcursions.org.au/
 

Australian Human Rights Commission Rights Talk – “Rights, Liberty and Civilisation” (Presented by Professor Suri Ratnapala, hosted by Human Rights Commissioner Tim Wilson)

Date: 10 February 2015
Time: 12.30pm – 1.30pm
Venue: Australian Human Rights Commission, 175 Pitt street
Sydney, NSW
Cost: Free with registration required
 
‘Right’, ‘liberty’ and ‘civilisation’ are contested ideas. The nature of civilisation or its absence altogether in a given age depends critically on the kind of rights that prevails in that time. Many civilisations in the past were built on conquest, genocide, slavery and plunder. They produced wondrous monuments, great cities, immortal works of art and even profound philosophy but the condition of the ordinary person was one of abject poverty and servitude. One civilisation alone emancipated unprivileged persons politically and economically on a mass scale. That civilisation is our own. The author contends that liberty founded on a certain conception of right is what distinguishes this civilisation from those of the past. The defence of this achievement is a moral imperative.

Suri Ratnapala is Professor of Public Law at the T C Beirne School of Law, University of Queensland and a Fellow of the Australian Academy of Law. He teaches constitutional law and jurisprudence, fields in which he has published widely.

Register at https://rightstalk.humanrights.gov.au/
 

Chartered Accountants Scholarship Fund

This scholarship fund has been established to assist marginalized and disadvantaged Australians pursue tertiary education through an undergraduate university course with an accounting focus. These scholarships are being offered by Chartered Accountants Australia and New Zealand  and an individual may make application for a grant. Applications for the March  2015 university year are now open and will close on 15 January 2015.

For more information on the Scholarship Fund please go to our website and the link is: http://www.charteredaccountants.com.au/The-Institute/Getting-involved-with-the-Institute/Chartered-Accountants-Benevolent-Foundation.aspx.

You can also contact Pamela Lee, Community Investment Relationship Manager either by email: Pamela.lee@charteredaccountantsanz.com or by phone: (02) 9290 5658 for further information.
 

Economics and Business News Bites

1. Westpac Economic Update: 12 December 2014
Westpac Senior Economist Elliot Clarke comments on the NAB Business Survey, the Westpac Melbourne Institute Consumer Sentiment Survey highlighting their concerns of where the economy is heading and following that, the Labour market report.
 
Click here to access the update on video (accessed on 13 December 2014).

2. Godfreys listed on the ASX
Vacuum cleaner group Godfreys listed on the Australian Securities Exchange (ASX) on the 10th December 2014, closing at $2.85, a 3.6% rise from its issue price of $2.75 per share.
Godfreys, a well known retailer of floor care and associated cleaning products with a trading history that spans more than 80 years, launched its initial public offering (IPO) earlier this month, aiming to raise $77.7m. Rod Walker, Chairman of Godfreys, said the business is essentially recession-proof because if households have a vacuum cleaner that breaks down, they go out and replace it because it is an essential item. Godfreys owns or has the licences for a large portfolio of vacuum cleaner brands in Australia and New Zealand. It sells approximately 65 brands across its product range, with 79% of total retail sales in the 2013-14 financial year attributed to either company-owned or licensed brands.
* References:
- https://www.mywealth.commbank.com.au/investing/godfreys-makes-modest-debut-on-asx-news20141210 (accessed on 13 December 2014)
- “Vacuum cleaners keeping us recession – proof: Godfreys” by Simon Evans in “The Australian Financial Review”, 11 December 2014
* Syllabus link:
- BOSTES NSW Business Studies Preliminary Syllabus (2010) – Topic 1 – Nature of business
 
3. Pie Face stores to close
Pie Face, which has 28 company-owned stores and 44 franchises, appointed voluntary administrators in November 2014. A franchisee said Pie Face franchisees were battling network rents of up to 25 per cent of sales, higher-than-average costs of goods, royalties of between 7 and 8 per cent, plus bank costs and dropping sales. "We have an old-food offering that people don't eat any more, and we're seen as expensive," a franchisee said. Pie Face was founded in Sydney in 2003 by Mr Homschek and his wife Betty Fong, who spotted a gap in the market for a healthier version of the well-known Aussie pie.
* Reference:
- “ More Pie Face stores to close, vast majority are unprofitable: franchisee” by  Madeleine Heffernan in The Sydney Morning Herald, 26 November 2014
* Syllabus link:
- BOSTES NSW Business Studies Preliminary Syllabus (2010) – Topic 1 – Nature of business

4. NSW Fair Trading Minister urges consumers to shop wisely this Christmas
NSW Fair Trading Minister Matthew Mason-Cox is reminding consumers and retailers of their rights and obligations under the Australian Consumer Law (ACL), as we head into the last five weeks of shopping before Christmas. “Traditionally, the final weeks before Christmas are when most consumers step up their spending,’’ said Mr Mason-Cox. “Conversely, it is also the time when retailers crank up their marketing and special offers. “Recent figures from the Australian Retailers Associations showed that pre-Christmas spending in NSW is expected to rise 6.1 per cent to $14.16 billion between 15 November and 24 December. “NSW Fair Trading is taking this opportunity in the lead up to Christmas to remind consumers to shop around, avoid impulse buying and read the fine print.

“Retailers also need to make sure that they are doing the right thing and operating in line with their obligations under the ACL.’’
 
Mr Mason-Cox said the ACL set out remedies consumers had available to them when they purchased defective goods or services from a business. “It also sets out how and when a refund, repair or replacement is to be provided,’’ Mr Mason-Cox said. “For example, ‘no refunds’ are unlawful because they imply it is not possible to get a refund under any circumstance – even when there is a major problem with the goods or service.
 
“At this time of year there are a lot of tempting offers, especially in the online space, Mr Mason-Cox said. “Be sure to check the terms and conditions before making any purchase online and always use secure payment methods. “This will help prevent fraud and if you use a credit card you can generally get a charge back if the goods you have bought are not received.’’

“NSW Fair Trading has a solid track record in resolving complaints, with more than 93 per cent of complaints resolved without tribunal or court action,’’ Mr Mason-Cox said.
* Reference: Media Release from NSW Department of Fair Trading – “Consumers urged to shop wisely in the final weeks before Christmas” – 19 November 2014
* Syllabus links:
- BOSTES NSW Commerce Syllabus (2003) – Core Part 1 – Consumer Choice
- BOSTES NSW Business Studies HSC Syllabus (2010) – Topic 2 – Marketing
- BOSTES NSW Legal Studies HSC Syllabus (2009) – Option 1 – Consumers
 

Legal News Bites

1. R v. Loveridge – Appeal to High Court fails
Kieran Loveridge, coward punch killer of Thomas Kelly,  has failed in his bid for a High Court challenge to the 10 year sentence imposed by the state’s criminal appeal  court. The High Court judges said there was not a strong enough case to have the appeal heard in the High Court. Thomas Kelly’s mother. Kathy Kelly said: “We’re so very glad this side of it is over.”
* Reference: “Loveridge sentence will stand”, The Daily Telegraph, 13 December 2014
* Syllabus link:
- BOSTES NSW Legal Studies HSC Syllabus (2009) – Core Part I – Crime
 
2. Killer of Samantha Knight refused parole
The killer of nine-year-old Samantha Knight, whose body has never been found, has been refused parole. Sex offender Michael Guider, 63, who is serving a 23-year sentence, was eligible for parole from next month. But Guider's release was recently rejected by the State Parole Authority. It was advised by the Serious Offenders Review Council that it was "not appropriate" for Guider to be considered for release. The authority refused parole for several reasons, "including a need for structured post-release plans", a spokesman said. Guider’s 18-year, three-month non-parole period expires in June. He was sentenced to a total of 23 years and three months for manslaughter, sexual assault with a person under 16 and indecent assault. He killed Samantha in 1986.
* Reference: “Samantha’s killer set to stay behind bars” by Tim Barlass, The Sun-Herald.
18 May 2014
* Syllabus link:
- BOSTES NSW Legal Studies HSC Syllabus (2009) – Core Part I – Crime
 
3. Crime prevention strategy – “After Dark” program continues
The City of Sydney will continue support for the Glebe Youth Service’s popular ‘After Dark’ program that has helped reduce crime and anti-social behaviour. Since the program began with the City’s help in 2006, local crime levels have dropped significantly due to this and other programs, according to data from the NSW Bureau of Crime Statistics and Research. The City will grant more than $600,000 over the next three years to the Glebe Youth Service (GYS) so it can continue holding weekend social gatherings that offer 12-24 year olds a meal, the chance to play sports, talk to youth specialists about nutrition and other issues and socialise at Glebe’s Peter Forsyth Auditorium or Glebe Youth Service each Friday and Saturday night. Leichhardt Police Commander Superintendent Michael O’Toole reinforced the value of such programs recently, saying: “Working with young people is significantly affecting downward trends in crime.”
* Reference: City of Sydney Media Release – “Future bright for night time youth service” 14 November 2014
* Syllabus link:
- BOSTES NSW Legal Studies HSC Syllabus ( 2009) – Core Part I – Crime
 
4. Crime prevention strategy – “Safe Space” launch
The Sydney CBD is now a safer place following the launch of a new trial aimed at providing free support and advice to young people affected by drugs and alcohol.  Safe Space, which began operating in early December, is a joint partnership between the Department of Justice, City of Sydney, the Salvation Army and the Thomas Kelly Foundation. The NSW Government has invested $30,000 to support the trial as part of its ongoing commitment to reduce alcohol related violence in the CBD and to help young people get home safely after a night out. Safe Space is located in Sydney Square next to Town Hall and will operate every Friday and Saturday night from 10pm-4am until the end of February. A team of specially trained Salvation Army volunteers, Take Kare Ambassadors, will be on hand to offer support and practical advice from providing water to help people sober up to organising transport home or phoning a friend or family member.
* Reference:
http://www.justice.nsw.gov.au/Pages/media-news/news/2014/Safe-Space-launch.aspx 
(Accessed on 13 December 2014)
* Syllabus link:
- BOSTES NSW Legal Studies HSC Syllabus (2009) – Core Part I – Crime
 

EBE NSW Helpdesk

As always EBE NSW Directors are available to members for advice and assistance (helpdesk@ebe.nsw.edu.au) in relation to the teaching and learning of Business Studies, Commerce, Economics and Legal Studies.
 
I would like to thank all members for their support of EBE NSW this year. I enjoyed meeting many of you at our many events this year and learning from each other at these events. All good wishes for a Happy Christmas and a restful break.
 
Regards,
Joe Alvaro
President — Economics and Business Educators NSW
 

Looking back

8 December 1986Mary Gaudron, 43, is chosen by federal cabinet as the first woman judge of the High Court.
10 December 1996South African president Nelson Mandela signs a constitution to replace apartheid with democracy.
11 December 1996The Senate votes 34 – 32 to allow the federal government to sell off a third of Telstra’s shares.
13 December 2003 – Overthrown dictator Saddam Hussein, 66, is captured. American soldiers pull him from a hole near an Iraqi farmhouse. The dictator was later hanged.
16 December 2006Economist Milton Friedman dies in San Francisco aged 94. He was a leading figure of the Monetarist school and a defender of free markets.
* There is an article in “The EBE Journal” (2007, Vol. 41 No.3) by Tim Riley titled “Milton Friedman – 1912 –2006”. Tim writes about Milton Friedman’s contributions to economic theory and policy and also recalls taking his two 3 Unit Economics classes on an excursion to hear Milton Friedman speak in 1980. To access the article, go to the members section of the EBE website.
17 December 1967Liberal Party Prime Minister Harold Holt disappears while at Cheviot Beach on Port Phillip Bay in Victoria. He was later announced dead as a result of drowning at sea. His body was never found. Harold Holt was Prime Minister from 26 January 1966 to 19 December 1967. Some people regard him as one of the most hard-working of Australia’s politicians, becoming Prime Minister after 32 years as a parliamentarian.
22 December 1911 – Legislation is enacted to establish the Commonwealth Bank.
* Correction: In the last edition of the EBE e-newsletter (22 October 2014), it was incorrectly stated in “Looking Back” that Australian Schapelle Corby “ is currently imprisoned on the Indonesian island of Bali”. Schapelle Corby was released on parole in February, 2014.
 

Quick statistic from the Australian Bureau of Statistics 2011 Census

Educational institutions were attended by 30.2% of people in Australia. Of these, 27.0% were in primary school, 20.5% in secondary school and 21.6% in a tertiary or technical institution.
 

Attitude to money

”Remember superannuation is real money. Look after it. At least know the name of your fund and where your money is invested."
- Jessica Irvine
(From an article titled “My top 10 finance tips of all time”, The Sunday Telegraph, 14 September 2014)

Quote

“There’s homework for science, history, art, commerce, health and maths. There’s a lot of it and none looks interesting. There’s the Commerce task of organising a $5000 tour of Europe (which ends up being fun) ...”
- Journalist Jordan Baker
(From an article titled “My week of learning to hate homework”, The Sunday Telegraph, 19 October 2014 where Jordan Baker tackles a child’s homework for a week)

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http://www.ebe.nsw.edu.au/