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Economics and Business Educators of NSW

From the President

9  October 2013

Dear EBE members,

Welcome back to the final school term for 2013. All the best to members who will begin teaching the HSC Business Studies, Economics or Legal Studies course for the first time this term.

A group of Business Studies and Commerce teachers participated in an EBE NSW industry visit to Fairfax Printers Plant at Chullora, NSW on 27 September 2013.

Led by an expert tour guide, teachers were able to experience first-hand the production processes necessary to publish Fairfax’s flagship newspaper, The Sydney Morning Herald as well as The Australian Financial Review and The Sun-Herald. Fairfax’s plant is one of the few production sites which opens its doors to the public and teachers were able to increase their understanding of a lot of the content in the Business Studies and Commerce syllabuses, enabling them to return to their classrooms with lesson ideas based on this experiential professional development course. In addition, with major changes occurring at Fairfax at present, a substantial amount of knowledge was gained on the role of business in a changing business environment. EBE NSW expresses its thanks and appreciation to the Media News Team at Fairfax for working with EBE NSW on this PD course. In particular, we thank our two excellent tour guides, Ms Cindy Christopher and Mr Dave Overett, for sharing their solid knowledge of the print industry and their passion for Fairfax’s plant.

Some positive feedback was received about this PD course from participants, including:

  • “Excellent presentation by guides – touched on many aspects of the syllabus with relevant information. Great example of operations and management and change. Very good visually and we were permitted to take photographs which is great for use in the classroom.”
  • “I thoroughly enjoyed the tour.”
  • “Fantastic day. Great to offer this to teachers. Well timed before HSC starts up again.”
  • “Good to get some knowledge about managing change in industry. Well run – great to see the plant.”
  • “This gave me excellent knowledge for examples and a case study for teaching Business and Commerce.”

If you have suggestions for future EBE NSW industry visits, please email admin@ebe.nsw.edu.au.

2013 CPA Plan Your Own Enterprise Competition NSW Awards Ceremony – Thursday 10 October 2013

Thank you to all teachers who submitted their students’ entries for this year’s CPA PYOE Competition. The NSW shortlisting and judging process has now been completed. The winners for NSW  will be announced at the NSW Awards Ceremony which  will be held on 10 October 2013 at the Catholic Education Office – Southern Region Office (300 The River Road Revesby Heights, NSW) at 5.30pm. We look forward to recognising the winning business plans that have been produced by students in NSW schools for this year’s competition and also the teachers of the students. The Australasian judging and presentation ceremony will be held on 16 October 2013 in Melbourne. All students who entered the competition will receive a CPA Australia 2013 Plan Your Own Enterprise Competition Certificate of Participation from Mr John Cahill, President CPA Australia and Ms Bronwyn Hession, President Business Educators Australasia for their job portfolios.

2013 EBE NSW Annual General Meeting – Monday 21 October 2013

The 2013 EBE NSW will be held on Monday 21 October 2013 at 6pm at Club Burwood RSL (96 Shaftesbury Road, Burwood NSW). All EBE NSW members are welcome and eligible to attend this meeting. It will be an opportunity to meet and network together and hear the annual reports of our association. Our guest speaker will be Mr Anthony Matis who is the General Manager Education at CPA Australia. Another important part of the annual AGM is to elect the EBE Board of Directors as we begin a new year. I encourage members to nominate as a member of the EBE Board. Being a director of EBE NSW is an excellent way to contribute further to the teaching and learning of Business Studies, Commerce, Economics and Legal Studies in schools.  Please see the 2013 EBE NSW AGM information package which has been posted out to all members. For further information please contact admin@ebe.nsw.edu.au.

Save this PD date for 2014 – Business Educators Australasia Biennial National Conference on 2-3 October 2014

The 2014 BEA Biennial National Conference will be held in Perth, Western Australia on 2-3 October 2014. This will be a great opportunity to network with other teachers of the subject matter we teach from around Australia and visit a wonderful part of our country.

2013 Board of Studies NSW Examinations

EBE NSW wishes all students preparing for the Board of Studies NSW examinations below, every success:

  • 2013 HSC Legal Studies Examination – Day 4 – 17 October 2013
  • 2013 HSC Economics Examination – Day 10 – 25 October 2013
  • 2013 HSC Business Studies Examination – Day 11 – 28 October 2013

A reminder about the resources available on the Board of Studies NSW website to assist students as they prepare for the examinations and teachers as they conduct revision lessons - past examination papers, marking guidelines, sample answers and notes from the marking centre. Keep in mind the examination papers before 2011 for Legal Studies are based on the old Legal Studies syllabus. Also the papers before 2012 for Business Studies are based on the old Business Studies syllabus.

How popular is Business Studies, Economics and Legal Studies in 2013?

The Board of Studies NSW has released its 2013 Media Guide. It shows that Business Studies is the third most popular course in NSW (not counting compulsory English), after Mathematics and Biology, with 16,020 students enrolled in this course (an increase from 2012). Legal Studies has also increased its enrolments compared to last year, with 10,023 students enrolled in this course (making it one of the top ten subjects studies in NSW). There has been a slight increase in students studying Economics compared to last year, with 5335 enrolled in the Economics course. However this figure is concerning and EBE NSW would like to see more students learning the important subject matter in the Economics syllabus. We have begun some work on helping teachers promote the study of Economics and this has included discussions with some academics who teach Economics in our universities. We hope this project will contribute to an increase in the number of students studying Economics. EBE NSW Director, Professor John Lodewijks, wrote an excellent article for The Australian on 8 July 2013 titled “The case for economics”. There is a link to this article on the EBE NSW website (click on “News”, then “Latest news”). EBE NSW also contributed to an article in “Business Spectator” in 2012 titled “Retuning Australia’s Economic Debate” which focused on the number of students  choosing to study Economics. This article was reprinted in “The EBE Journal” (Issue 2, 2012) which is available in the members section of the EBE NSW website. If you have any ideas on how we can increase the number of students studying Economics please email admin@ebe.nsw.edu.au.

Board of Studies NSW Online HSC Multiple Choice Questions

As you may know, the Board of Studies NSW website has an online multiple choice practice section for Business Studies, Economics and Legal Studies, consisting of past multiple choice questions from 2001 – 2009. As there have been syllabus changes since 2009, some of those questions will not be relevant to the current syllabuses. Therefore it is advisable for teachers to point this out to students who may be using this resource to practice past examination questions. In April of this year, the EBE NSW Board of Directors wrote to the Board of Studies NSW asking if there is an intention to update this section of the website so as to include questions post-2009. We were pleased to receive a response saying that preliminary work has commenced to update the online multiple choice questions in our subject areas. We look forward to the results of this project.

The Sydney Morning Herald HSC 2013 Study Guide

"The Sydney Morning Herald HSC 2013 Study Guide”, published in June 2013, has two articles on our courses:

  • "Effort generates high rate of returns” on Economics/Business Studies (page 15)
  • "Do the time on crime” on Legal Studies (p.21).

Business Studies teachers and students are advised about the unfortunate error in the section on Business Studies in the article “Effort generates high rate of returns” which states that in Section III of the Business Studies examination students need to “answer two extended-response questions (40 marks)”. The Board of Studies NSW "Assessment and Reporting in Business Studies Stage 6" (March 2011) document  states that  in Section III of the Business Studies examination “there will be one question that requires an extended response...” worth 20 marks (page 7). EBE NSW has written to both the Board of Studies NSW and The Sydney Morning Herald advising them of this error. It should also be noted that the extended response in this section must be written in “a business report format” (page 7 of the document above).

The advice given to Economics students in the Economics section of the “Efforts generates high rates of return” article by Economics teacher and former President of EBE NSW, Lyn Kirkby is very useful and we hope that all Economics students have been able to access this excellent advice. In this year’s study guide the President of the Board of Studies NSW, Tom Alegounarias, gives the following advice to students: Don’t rely solely on rote learning – this makes you vulnerable if your answer doesn't match the question, and you may be penalised by our experienced markers (page 3).

Practice examination papers - EBE NSW Trial HSC Examinations

The 2013 EBE NSW Trial HSC Business Studies, Economics and Legal Studies examinations and examination papers from previous years are useful resources for students as they prepare for the upcoming HSC examinations. These examinations are written by EBE Directors.
>> Order form

NSW Government to introduce legislation to form a new body called the Board of Studies, Teaching and Educational Standards

The NSW Government will introduce legislation to merge the NSW Institute of Teachers and the Board of Studies NSW to form a new body called the Board of Studies, Teaching and Educational Standards. The aim is to bring curriculum, student assessment and teacher quality under a single authority. The new body will begin operating in January 2014 subject to the passing of the legislation.

NSW Government Great Teaching, Inspired Learning Policy and “Recommendation 10.1 – Proposal to accredit all NSW teachers through the NSW Institute of Teachers”

Details about the NSW Government’s Great Teaching, Inspired Learning policy is on the NSW Institute of Teachers website. The “Consultation Paper regarding Great Teaching Inspired Learning Recommendation 10.1 – Proposal to accredit all NSW teachers through the NSW Institute of Teachers” sets out the amendments to legislation and policy to bring all NSW teachers within the scope of the Institute of Teachers Act 2004. The Professional Teachers' Council NSW (PTC NSW) is seeking feedback from its member associations as part of the formal consultation process through the completion of a survey. The PTC NSW survey will take approx. 15 minutes to complete once the GTIL Recommendation 10.1 Consultation Paper has been read (available on the NSW Institute of Teachers website).

The link to the survey is https://www.surveymonkey.com/s/MPZ68NB. EBE NSW encourages members to read the recommendation and to complete the survey.

Board of Studies NSW Job Vacancies – Assessors for the 2014 HSC Business Studies, Economics and Legal Studies Examinations

As part of the Board of Studies NSW examination development process, draft examinations are assessed by teachers who have recent experience teaching the course. The role of an assessor is to provide an independent assessment of the examination paper by evaluating and commenting on it as a subject expert and as an experienced teacher. The assessor works on the draft examination paper and provides responses and advice to the examination committee about the appropriateness of examination questions. Assessing of the 2014 HSC examinations is scheduled between March and May 2014. This is a good opportunity for teachers who will not be teaching a particular HSC course next year to be involved in this aspect of the Board of Studies NSW examination process. Applications close on 22 November 2013. Full details are available on the Board of Studies NSW website (click on “Job Vacancies”).

The University of Sydney Free Sydney Ideas Lectures

1. Sustaining the Rise of the South: where to from here?
Helen Clark, Administrator, United Nations Development Program
16 October 2013, 6pm – 7.30pm at The University of Sydney
Cost: Free

Helen ClarkHelen Clark’s lecture will examine the shift in global economic and geopolitical dynamics, driven by high-performing countries in the South, and the requirements for sustaining development progress. Building on key findings of UNDP’s 2013 Human Development Report “The Rise of the South: Human Progress in a Diverse World”, and examining recent events including widespread popular protests and indications of a global economic slowdown, Helen Clark will offer an analysis on what is needed to inject momentum back into development and set a post-2015 development agenda which meets citizen demands.

Helen Clark became the Administrator of the United Nations Development Programme in April 2009, and is the first woman to lead the organization. She is also the Chair of the United Nations Development Group, a committee consisting of the heads of all UN funds, programmes and departments working on development issues. Prior to her appointment with UNDP, Helen Clark served for nine years as Prime Minister of New Zealand, serving three successive terms from 1999 - 2008. Throughout her tenure as Prime Minister, Helen Clark engaged widely in policy development and advocacy across the international, economic, social and cultural spheres.

Under her leadership, New Zealand achieved significant economic growth, low levels of unemployment, and high levels of investment in education and health, and in the well-being of families and older citizens. She and her government prioritized reconciliation and the settlement of historical grievances with New Zealand’s indigenous people and the development of an inclusive multicultural and multi-faith society.

>> More details 
>> Register at sydney.edu.au/sydney_ideas/

University of NSW Free Justice Talks

1. Justice Talks: Doping in Sport
10 October 2013, 6pm – 8pm at the University of NSW
Cost: Free

The drive for pure performance, changes to regulation, and controversies across many sports codes have pushed the issue of doping in sport to the forefront. This public forum will be moderated by Tracey Holmes, presenter of ABC Grandstand, with an expert panel of speakers:
Catherine Ordway, International Sports Doping Consultant
John Marshall S.C.
Professor Andrew Byrnes, Chair Australian Human Rights Centre UNSW
Dr Tom Hickie, Barrister and Adjunct Lecturer UNSW
Deborah Healey, Senior Lecturer, Commercial and sports law expert, UNSW

For more insight and comment on Doping in Sport, visit www.clmr.unsw.edu.au.

* Link to Board of Studies NSW Legal Studies Syllabus – Preliminary Part I – The Legal System– “Law reform in action” – “Sport and the law” is a suggested contemporary law reform issue.

Register at http://dopinginsport.eventbrite.com.au

2. Justice Talks: Nicholas Cowdery  - “Criminal Justice and Criminal Law: A Pig in a Poke?”
15 October 2013, 6pm – 7.30pm at the University of NSW
Cost: Free

Hear from Nicholas Cowdery AM QC , former NSW Director of Public Prosecutions. The criminal law creates crimes and the procedures for formally dealing with them, recognising and seeking to protect individual rights. We expect it to enable justice to be done between an offender and the community. But the laws are made by parliaments and interpreted and applied by the courts; so whose justice is done - and does the law sometimes stand in its way? And if it does, what can we do about it? A lawyer reflects on 45 years.

Register at http://justicetalks8.eventbrite.com

Economics and Business News

1. BlackBerry losing market share
The smartphone industry is a rapidly changing one. BlackBerry may well be heading for the Business Cemetery as rivals Apple and Samsung take the lead. Two of the six phones the company offers will be discontinued. In September 2013 shares in the company were worth $US8.73 (in 2008 shares were worth $US138).

* Reference: “Suitors circle BlackBerry as losses blow out” published in The Sydney Morning Herald on 23 September 2013.

2. Net profit for Telstra increases
Telstra has reported that its net profit after tax increased by 12.9 per cent or $441 million to $3,865 million for the 12 months to 30 June 2013.

* Reference: Letter to Telstra shareholders from Telstra Chairman and Telstra CEO, dated 8 August 2013.

3. Are in-store pharmacies next for Woolworths and Coles?
Woolworths and Coles already own nearly 70% of the grocery market in Australia. Some people are predicting that Woolworths and Coles could soon expand into in-store pharmacies, unchartered territory at present. Under Australian law, pharmacies must be owned by pharmacists and supermarkets are not allowed to operate a chemist ( this is not the case overseas where businesses like Walmart operate in-store chemists). These laws will be reviewed in 2015. Coles/Westfarmers already has businesses in many areas including retail (e.g. Target,Kmart, Officeworks), home improvement (Bunnings) and  liquor (e.g. First Choice  Liquor, Liquorland, Vintage Cellars). Likewise Woolworths has moved into areas like retail (e.g. Big W), home improvement (e.g. Masters Home Improvement) and  liquor (e.g. Dan Murphys, BWS, Cellarmasters)

* Reference: “Pharmacies next target of big two, say analysts” by Sarah Whyte, published in The Sydney Morning Herald on 28-29 September 2013.

4. David Jones changes its pricing strategy
In an interview with The Sydney Morning Herald, David Jones CEO Paul Zahra has said that increasing sales by using the discount method of pricing is something the business cannot afford. Instead “cutting consumers addiction to almost continuous sales events” is a goal for the business. David Jones is focusing more on a “relatively high-cost model”. Paul Zahra also said that international suppliers do not approve of their brands undergoing “chronic discounting”.

* Link to Board of Studies NSW Business Studies Syllabus – HSC Marketing topic “Price and quality interaction”
* Reference: “Riding the retail revolution” by Elizabeth Knight, published in The Sydney Morning Herald on 28-29 September 2013.

5. Coca–Cola Amatil buys Fiji’s Vonu Pure Lager beer
Coca–Cola Amatil has paid $NZ5 million ($4.4 million) for the intellectual property assets, trademarks and brands of Fiji’s Vonu Pure Lager beer, with the aim of exporting the beer to other countries. The product’s slogan is “pure Fijian rain water turned into beer” and CC Amatil hopes to use this aspect of the product to create a competitive edge for the product, emphasising that it does not use preservatives.

* Reference: “Coca – Cola backs Fiji craft beer” by Eli Greenblat, published in The Sydney Morning Herald on 16 September 2013.

6. Who is exporting and importing Australia’s wine?
South Australia’s Barossa region is Australia’s top exporter of wine, sending $A112,558,798 worth of wine overseas during 2012/2013. China is the top importer of Australian wine, buying $A68,960,939 worth of wine from Australia during 2012/2013.

* Reference: “Wine no longer enough, buyers want the backstory”, by Esther Han, published in The Sun-Herald on 15 September 2013.

7. Eiji Toyoda dies
Eiji Toyoda, aged 100, died on 17 September 2013. He was the first cousin of the founder of the Toyota Company. As head of manufacturing, president, chairman and senior advisor he is seen as being very influential in making Toyota a global mass – market competitor and a top performer in terms of manufacturing efficiency ( low wastage, high output). He was instrumental in Toyota entering the luxury car market with the Lexus marque vehicle, to compete with Mercedes and BMW. In 2012, Toyota was the world’s biggest car manufacturer. In Australia, Toyota was the top-selling marque for September, 2013 with 17,492 sales.  The company’s management strategies are termed the “Toyota Way” and include just-in-time stock control and a focus on human resources aiming for “continuous improvement”.

* Link to  Board of Studies NSW Business Studies Syllabus – HSC Operations topic – “Operations strategies”.
* References:
- “Eiji Toyoda 1913-2013 -Toyota chief steered an ailing business to global dominance” published in The Sydney Morning Herald on 26 September 2013.

- “Car sales on track for record year” by Sam Hall, published in The Sydney Morning Herald on 4 October 2013.

Legal  News

1. Increased police powers in NSW
Police in NSW will not need a warrant to detain and search a person for guns if they are the subject of a firearm ban. The new laws will also allow police to search for guns without a warrant in criminal hang outs (“disorderly houses”). There will also  be an increase in the penalty from 10 to 14 years in jail for the possession and/or supply of a firearm or pistol for a person who is subject to a firearm ban. Premier of NSW Barry O’Farrell said "Criminals who carry weapons illegally need to know police will be able to stop and search for them in their cars, in their homes and in their workplace - there won't be any place for them to hide".

* Link to Board of Studies NSW Legal Studies Syllabus – HSC Crime topic – “Police powers”, “Use of warrants”.
* Reference: Media Release from Premier of NSW, Barry O’Farrell, “Tough new search powers for police to target criminal hang outs and illegal firearm possession”, 15 September 2013.

2. NSW Government dealing with illicit phone use in prisons
The use of mobile phones in prisons poses a threat to the security of prisons and also to the community as they can be used by prisoners to plan crimes from within the prison walls. Possession of mobile phones, chargers and SIM cards in NSW prisons is a criminal offence. In a nine month trial, phone jamming technology has been installed at Lithgow Correctional Centre (a maximum security prison), which will see antennas jamming the channels that would normally  transmit mobile phone signals. Corrective Services NSW Commissioner Peter Severin said “we believe this jamming technology is the ultimate answer because even if an inmate does obtain a mobile phone, it will be worthless because it won’t work.” Other strategies to combat mobile phones in prisons include random and targeted searches of prison visitors and inmates, including the use of mobile phone sniffer dogs.

* Link to Board of Studies NSW Legal Studies Syllabus – HSC Crime topic – “Post-sentencing considerations”
* Reference: “Media Release from NSW Attorney General and Minister for Justice, Greg Smith SC MP, “Jamming trial to shut down contraband prison schemes”, 24 September 2013

3. Justice for adopted children
Laws will be introduced into NSW Parliament which will enable NSW parents who have adopted children overseas to obtain NSW birth certificates. This will create equality (an aspect of justice), giving these children the same rights as children adopted in NSW. Currently children adopted from overseas have to use adoption documents from the country they were born in. Attorney General, Greg Smith SC, said  “this is a significant reform, as many overseas adoption documents contain derogatory and stigmatising language. For example, many children adopted in China are given a ‘certificate of abandonment’ that states that their parents are ‘unknown’. No child in NSW should have to carry around a certificate that reminds them that they were abandoned.” The proposed new laws will recognise individual rights of privacy and non-discrimination, as the NSW birth certificate will not state whether the child’s parents are biological or adoptive.

* Link to Board of Studies NSW Legal Studies Syllabus – HSC Family Option – “Adoption”.
* Reference: “Media Release from NSW Attorney General and Minister for Justice, Greg Smith SC MP and Minister for Family and Community Services, Pru Goward MP,” Adopted children to win identity rights”, 29 September 2013.

4. NSW Government appoints the first Commissioner of Victims Rights
Ms Mandy Young has been appointed the first Commissioner of Victims Rights. The role involves giving attention to the rights of victims. Ms Young will also chair the Victims Advisory Board which advises the Attorney General on policies and practices and promotes law reform to meet the needs of victims.

* Link to Board of Studies NSW Legal Studies Syllabus – HSC Crime topic – “The extent to which the law balances the rights of victims, offenders and society” (Theme and Challenge).
* Reference: “Media Release from NSW Attorney General and Minister for Justice, Greg Smith SC MP, “New Commissioner of Victims Rights Appointed” 12 June, 2013.

5. Crime prevention – Tamper resistant number plates
On average, a number plate is stolen from one in 400 vehicles in Sydney each year. NSW Police are running a campaign which will see tamper resistant number plates installed in vehicles at a range of locations. Reducing number plate theft can help reduce other crimes. Attorney General and Minister for Justice Greg Smith said “stolen number plates are often reattached to vehicles used in petrol theft, robberies and toll evasion, so if criminals are unable to access stolen plates they may think twice about committing these crimes”.

* Link to Board of Studies NSW Legal Studies Syllabus – HSC Crime topic – “Crime prevention”.
* Reference:  Media Release from NSW Attorney General and Minister for Justice, Greg Smith SC MP and Minister for Police and Emergency Services Michael Gallacher MLC, “NSW turns the screws on number plate thieves” 15 June 2013.

Latest issue of "The EBE Journal" is out now

The EBE JournalThe latest issue of "The EBE Journal" (Issue 1 - 2013) is now available on the members section of the website. Articles include:
• Perspectives on the Global Financial Crisis – by John Lodewijks
• The Economics of Obesity - by John Lodewijks
• After the Boom: Where will growth come from? – by Roy Green
• Can ‘Green Jobs’ lead to employment sustainability? - by Ron Kelly
• Legal Influences on Business: Closing the Gender Gap - by Nick Clark
• Skills and Calculations in HSC Economics – by Anthony Stokes

There is also an article about Year 9 Commerce student, Max Duthie, who won the 2013 ASX Sharemarket Game 1, an interview with Gregory Verdon, an Australian teacher who teaches Social Sciences at the Australian International School, Singapore and responses by EBE NSW to ACARA'S consultation on the draft Australian Curriculum: Economics and Business and the draft Australian Curriculum: Civics and Citizenship.

Articles needed for the next issue of “The EBE Journal”

All members are invited to submit an article for publication in the next edition of “The EBE Journal”  (please email us at admin@ebe.nsw.edu.au).  Contributing to the journal is one way to demonstrate professional competence, accomplishment or leadership for the purposes of accreditation with the NSW Institute of Teachers. It is also an effective way to engage in professional dialogue and sharing with other teachers.

Past issues of "The EBE Journal"

Some past issues of "The EBE Journal" are available on the members section of EBE NSW website and contain some useful teaching and learning resources. For example in Issue 2, 2010 there is an article by Anne Layman titled “Modifying a Commerce Test for Learning Support Students” and  a sample Commerce examination.

Advertising in “The EBE Journal”

EBE welcomes advertisements in “The EBE Journal” related to the teaching and learning of Business Studies, Commerce, Economics and Legal Studies.
Full Page $275
Half Page $165
Quarter Page $100

Further details can be obtained by emailing admin@ebe.nsw.edu.au.

EBE NSW Helpdesk

As always EBE NSW Directors are available for advice and assistance to members in relation to the teaching and learning of Business Studies, Commerce, Economics and Legal Studies. Email helpdesk@ebe.nsw.edu.au.

All good wishes for Term 4.

Regards,
Joe Alvaro
President — Economics and Business Educators NSW

Looking back

1 October 1908 – The T-Model Ford goes on sale in the US for $850, produced by Henry Ford’s Ford Motor Company. Some people regard the T-Model Ford as the first affordable automobile.
2 October 2003  – Islamic militant Ali Ghufron, alias Mukhlas, is sentenced to death by an Indonesian court for leading the 2002 Bali nightclub bombing that killed 202 people, including 88 Australians. He was executed by firing squad in 2008.
7 October 1974 – Colour TV began in Australia.
8 October 1908 – Canberra is chosen as national capital by 39-33 in a ballot by the House of Representatives. Dalgety in NSW was the runner-up.
8 October 2004 – Australian Schapelle Corby is arrested at Bali airport and later convicted of drug smuggling. She is currently imprisoned on the Indonesian island of Bali.
9 October 1973 – $50 bank notes were introduced in Australia.
10 October 1924 – The Commonwealth Electoral Act is amended to make voting in federal elections compulsory, after low attendance rates at elections.
12 October 1923 – Vegemite was officially given its name following a national competition where the winner won 50 pounds. The brand is now owned by the American company Kraft Foods.
13 October 1933 – Sydney’s first traffic lights are installed at the corner of Market Street and York Street.
23 October 2001 – American entrepreneur and Apple CEO Steve Jobs launches the iPod in California. 
24 October 1889 – NSW Premier Henry Parkes calls for “one great national government for all Australia” in a speech at Tenterfield.
24 October 1980 – SBS television began in Melbourne and Sydney.
29 October 1982 – Lindy Chamberlain was wrongly sentenced to life imprisonment for the murder of her 9-week old baby Azaria.
* A 2013  interview with Lindy Chamberlain – Creighton where she talks about her 33 years search for justice is available on the CPA Australia Bottom Line TV program. Visit www.thebottomlinetv.com.au
31 October 1984 – Indira Gandhi  the four term Prime Minister of India, is assassinated by two of her Sikh bodyguards at the age 66 years old. She was the first, and to date, the only female PM of India.

Quick statistic from the Australian Bureau of Statistics 2011 Census

In Australia 17.6% of single parents were male and 82.4% were female.

Attitude to money

"Money is like a sixth sense - and you can't make use of the other five without it."
- William Somerset Maugham

Quote

“Many teachers continue to see parents as three types: those who are supportive, those who complain and those you never see.”
- Dr Nance Millar, Author of the book “Bridging the Gaps Between Families and Schools”

Copyright © 2013 Economics and Business Educators NSW, All rights reserved.
 







Our website address is:
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