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Economics and Business Educators of NSW

From the President

10  August 2014

Dear EBE NSW Members,

Welcome to the 2014 August edition of the EBE e-newsletter as Year 12 teachers mark their students’ trial HSC examinations and students prepare their entries for the 2014 CPA Plan Your Own Enterprise Competition (see the first item below).

2014 CPA Plan Your Own Enterprise Competition

Business planning is an important element of business education. The CPA Australia Plan Your Own Enterprise Competition provides students with an in-depth appreciation of the business world and aspects of business operations.

CPA Australia  Sponsored by CPA Australia, this competition is a great link to the Business Planning topic of the Preliminary Business Studies Course. In addition to the great competition prizes, your school has the chance to win an iPad simply by registering your school’s entries.

Entries to the 2014 CPA PYOE Competition are due to EBE NSW from individual students or groups of students by 5.00pm, Wednesday, 3 September 2014. The EBE NSW PYOE Awards Ceremony will be held on 20 October 2014 at 5pm at CPA Australia (Sydney Office) Level 3, 111 Harrington Street Sydney.

>> Further details and entry form (7.25MB)

Teachers attend EBE NSW PD field trip course at South Coast Correctional Centre

A group of teachers travelled to the South Coast Correctional Centre on 2nd July 2014 to complete an EBE NSW  PD course centred around the prison and to what extent this aspect of our legal system achieves justice. This course supplemented Session 6 (“Management of offenders in the South Coast Correctional Centre”) at the EBE NSW Legal Update Conference held on 2 August 2013. The South Coast Correctional Centre commenced operation on the 10th of December 2010 to accommodate 600 offenders, both male and female, classified and on remand. The Centre provides 395 maximum and medium security male beds, 154 minimum security male beds and 62 minimum security female beds. After a talk from prison staff, participants were taken on a guided tour of the prison where they were able to gain knowledge connected to the syllabuses they teach in the classroom and ask questions. EBE NSW thanks the staff from the prison for making this experiential PD course available for the teachers who attended and assisting them in programming and presenting lessons based on this arm of government.  It is not too difficult for teachers to access parliament and courts, however  it is  more challenging for teachers to access the prison part of the legal system.  Some positive feedback was received from participants:
- “Presenters were fantastic. The tour was great and much information was passed on.”
- “Very interesting.”
- “Excellent!”
- “Awesome PD. Will be great to tell the kids about it.”
- “Staff excellent – interesting to hear some positive initiatives being implemented.”
- “Fantastic experience. A real eye-opener and some very valuable info. .”
- “Great opportunity and fantastic PD.”
- “All presenters were fantastic and gave a lot of useful information.”
- “Excellent tour and information provided by staff.”
- “I just wanted to say thank you again for organising the trip to South Coast Correctional Centre.  It was an experience I will never forget and I learnt so much. Your efforts to organise these types of experiences are very much appreciated.”

EBE NSW will be conducting another PD field trip course later this year. See below for more details. Hurry as places are limited!


Participants saying “freedom” as a group photo is taken at the end of the EBE NSW PD course at the South Coast Correctional Centre


Participants at the EBE NSW PD course at the South Coast Correctional Centre


South Coast Correctional Centre
 

EBE NSW conducts HSC Economics and Business Studies student seminars at 2014 Western Sydney Careers Expo

During the weekend of the 21 and 22 June 2014, EBE NSW conducted HSC Economics and Business Studies student seminars at the 2014 Western Sydney Careers Expo held at the Sydney Showground, Sydney Olympic Park. EBE NSW Director, Bronwyn Hession, presented “HSC Economics – exam preparation” on 21 June 2014. EBE NSW President, Joe Alvaro, presented “HSC Business Studies – exam preparation” on 22 June 2014. Both sessions enabled HSC Economics and Business Studies students attending the expo to gain valuable exam strategies presented by subject experts from the peak professional teachers association in NSW for Economics and Business Studies, Economics and Business Educators NSW.


2014 Western Sydney Careers Expo


2014 Western Sydney Careers Expo


2014 Western Sydney Careers Expo
 

Upcoming EBE NSW PD courses

EBE NSW PD Event – Current Economic Events and Monetary Policy with Dr David Orsmond

Date: Wednesday 13th August 2014
Time: 4.30pm – 6.15pm
Venue: The Reserve Bank of Australia, 65 Martin Place, Sydney NSW 2000

This information evening will be presented by Dr David Orsmond from The Reserve Bank of Australia. During this professional development event Economics teachers will be able to gain an update on current economic events and increase their understanding of monetary policy at the bank that conducts monetary policy, The Reserve Bank of Australia. Teachers will also be able to ask questions during the Q&A session. This will be an excellent opportunity to gain valuable, up to date information to share with your HSC Economics students as they approach the 2014 BOSTES HSC Economics examination.

There are a few more places left for this event. The closing date for registration has been extended but will close on Monday 11 August 2014 at 5.30pm. 

>> Further details and registration form

EBE NSW PD Event – Teaching the HSC course (Year 12) in Business Studies, Economics or Legal Studies for the first time?

Date: Monday 8 September 2014
Time: 4.15-7.30pm
Venue: Department of Education and Communities NSW Building, 3B Smalls Road, Ryde

This course has been designed specifically for:

  • beginning teachers and experienced teachers who are teaching the Board of Studies, Teaching and Educational Standards NSW (BOSTES NSW) HSC Course (Year 12) in Business Studies, Economics or Legal Studies for the first time
  • teachers who may have already taught one of these courses in the past but who need a refresher course
  • teachers who intend to teach one of these courses in the near future.

This is a BOSTES registered course and has proven to be invaluable in the past  for teachers who are  preparing to begin teaching HSC courses in term 4.

>> Further details and registration form

EBE NSW PD Event - Field Trip to CHOICE Lab and Testing Facility 

Date: Wednesday 24 September 2014 (First week of the end of Term 3 school holidays)
Time: 10.30am - 1.00pm
Venue: 57 Carrington Road, Marrickville NSW

Would you like a guided tour of the CHOICE Lab and Testing Facility to deepen your understanding of the subject matter in the Legal Studies, Business Studies and/or Commerce syllabuses?

CHOICE, the public face of the Australian Consumers' Association, is used in classrooms across NSW as a teaching and learning resource by teachers of Business Studies, Legal Studies and Commerce. During this experiential professional development course, participants will increase their understanding of how CHOICE protects consumers as a non-legal mechanism and how CHOICE tests hundreds of products each year.

The course will begin with light morning tea giving participants an opportunity to network with each other and CHOICE staff. There will be a presentation about the past and present projects of the CHOICE organisation, and an opportunity to ask questions. Participants will then be able to view the testing labs in action and dialogue with the CHOICE testers. Participants will also be able to gain information about the possibility of organizing a field trip for their students to CHOICE in the future.

Limited to 20 attendees.

Closing date: Friday 19/9/2014

>> Further details and registration form

EBE NSW PD Event – Legal Update Conference

Date: Tuesday 14 October 2014
Time: 8.55am – 3.30pm
Venue: NSW Parliament House

Update your knowledge in relation to the legal issues in the Legal Studies and Commerce syllabuses by hearing from experts in the legal world at EBE's annual Legal Update Conference at the state's law making institution, NSW Parliament House. Topics and speakers include:

  • "Judges, the criminal trial process and punishment" - Judge Peter Zahra, District Court NSW
  • "Dealing with young offenders" - Julianne Elliot, Community Legal Education Solicitor (Children's Legal Service Legal Aid NSW) and Duty Solicitor (Parramatta Children's Court)
  • "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 NSW (ICAC NSW)
  • "Thomas Kelly Youth Foundation: A non-legal response to alcohol-fuelled violence" - Ralph Kelly, Founder of the Thomas Kelly Youth Foundation

>> Click here for the full conference program and registration form.

2014 Business Educators Australasia (BEA) Biennial National Conference - 2 and 3 October 2014

Dates: Thursday 2 and Friday 3 October 2014
Venue: The University of Notre Dame, Fremantle, Western Australia

Business Educators Australasia (BEA), of which EBE NSW is a member, will hold its Biennial Conference in Perth, Western Australia on 2 and 3 October 2014. Australian educationalists from the spheres of commerce will unite in the port city of Fremantle to engage with ideas that will help steer them into the future. This conference will be a forum for responding to the conditions that confront our profession along with their respective challenges and opportunities. This is an opportunity to connect with colleagues from all over Australia and New Zealand to discuss the teaching of our subjects and plan a trip to a wonderful part of Australia. The Conference will also provide the opportunity for participants to be up-dated on the Australian Curriculum.

>> Download the full conference program and register here.
 

2014 BOSTES HSC Examination Timetable

The BOSTES HSC examinations begin on 13 October 2014 and end on 5 November 2014. Examinations of interest to EBE NSW are listed below:
  • BOSTES HSC Business Studies Examination – Day 9: 23 October 2014 (A Board approved calculator needed)
  • BOSTES HSC Economics Examination – Day 10: 24 October 2014 (A Board approved calculator needed)
  • BOSTES HSC Legal Studies Examination – Day 13: 29 October 2014
>> Further information can be obtained from the BOSTES website.
 

2014 EBE NSW Trial HSC Examinations

The order form for the 2014 EBE NSW Trial HSC Business Studies, Economics and Legal Studies examination papers is available below. Relevant past papers are also available for purchase. The examination papers have been designed by EBE Directors and include marking guidelines. Special discount prices apply to members of EBE NSW.  For the 2014 examination papers we ask that you do  not return the examination question paper or student responses until the end of the security period which is on Friday 22 August 2014 (end of Week 6, Term 3). Examination papers from this year and previous years will still be available for sale after the security period to assist teachers as they conduct revision lessons for the BOSTES NSW external HSC examinations.

>>  Order form
 

EBE NSW Directors contribute to the 2014 Sydney Morning Herald HSC Study Guide

EBE NSW Vice President, Kate Dally and EBE NSW Director Andrew Athavle contributed to the Business Studies section of the 2014 Sydney Morning Herald HSC Study Guide.
 
Click here for the article, “Show you know about real life business” (13 June 2014) which includes a video presentation by Kate Dally where she shows students how to tackle an HSC Business Studies question. The article also includes quiz questions and an interview with Jayden O’Brien, who came first in NSW for Business Studies last year.
 

HSC Examination Workshops

The University of Sydney Centre for Continuing Education is conducting the following HSC examination preparation courses during term 3, 2014:
 
1. HSC Economics Exam Preparation Course
- Sunday 7 September 2014, 1.30pm – 5pm
 
2. HSC Business Studies Exam Preparation Course
- Sunday 14 September 2014, 1.30pm – 5pm
 
3. HSC Legal Studies Exam Preparation Course
- Sunday 7 September 2014, 9am – 12.30pm
 
>> More details at www.cce.sydney.edu.au
 

Can you help these future Economics and Business Studies teachers?

The University of New South Wales is seeking help to place its pre-service Economics and Business Studies student teachers in NSW schools for a period of practice teaching during 11th August 2014 – 19th September 2014 (6 weeks), O.5 teaching load. The students live in the following suburbs and can travel loosely within a 1 hour radius of these locations (listed is also the method area in which they need a placement in):
1 x Economics/Business Studies, student lives in Gregory Hills (Campbelltown)
1 x Economics/Business Studies, student lives in Mosman
1 x Economics, student lives in Cherrybrook
1 x Economics, student lives in Maroubra
1 x Economics, student lives in Seaforth (Northern Beaches)

If you can help these student teachers, please contact James Terry, Professional Experience Administrator at the University of NSW on (02) 93851993.
 

2014 ASX Schools Sharemarket Game

2014 Game 2

Registrations: 23 July – 20 August
Game: 21 August – 29 October

The ASX Schools Sharemarket Game is a great way to give students real world experience without leaving the classroom. With a virtual $50,000 to invest in 150 shares listed on the ASX over 10 weeks of trading, students create their own share portfolio, trade online and compete against other students for a total prize pool of over $17,000. Reflecting real market conditions, the Game encourages students to:

  • develop their knowledge of the sharemarket
  • learn how to research companies
  • discover the importance of wise investment decisions
  • begin to learn more about investing which is beneficial for their future.

Teacher resources are available, including detailed lesson plans with teacher notes, assignment ideas, worksheets, videos and posters. Entry is free and open to all secondary schools in Australia.

>> To find out more and register, visit www.asx.com.au/sharegame

2014 Commonwealth Bank Foundation Teaching Awards

EBE NSW congratulates all the winners of the 2014 Commonwealth Bank Foundation Teaching Awards. See www.teachingawards.com.au/ for more information about this year’s winners.

One of the winners, EBE NSW member Malcolm Freak from Duval High School, will be of particular interest to Commerce teachers:
“Under Malcolm Freak's guidance, Duval High School introduced an interactive website aimed at Year 9 and 10 Commerce students. The site, www.commercequiz.com, developed for the school by the Social Science staff and a former software student, is used as a revision tool by teachers at the conclusion of a Commerce topic. The number of users is a strong indicator of the success of the program, and the scores students are achieving are an excellent guide to the extent to which the teaching and learning outcomes have been achieved. The Teaching Award will ensure that more commerce questions are written and more schools are able to access the Commerce Quiz for free.”
 
This is an excellent online learning resource for Commerce, covering 13 topics in the Commerce syllabus. Students who achieve a high distinction have their school added to a “Top Schools” page. Congratulations Malcolm and thankyou for sharing your work with Commerce teachers.
 

Chartered Accountants Australia and New Zealand – NSW Meet the Business Leader Event - Tuesday 19 August 2014

A career in business can offer travel, top pay, endless career opportunities and global recognition.Year 10 and 11 students can gain an insight into their future by meeting universities and top employers from the corporate world, learn how to build their professional brand and digital footprint, and hear from a panel of business professionals at the Chartered Accountants Australia and New Zealand – NSW Meet the Business Leader Event  on Tuesday 19 August 2014, 4.30pm – 7.00pm at Chartered Accountants Australia and New Zealand, Sydney Conference Centre Level  1, 33 Erskine Street, Sydney. Dress code: smart casual or school uniform.  This is a free event but registrations are required. More information at http://www.charteredaccountants.com.au/mtblnsw.
 

MoneySmart Week – 1st  – 7th  September 2014

MoneySmart Week is an independent, not-for-profit national initiative promoting the importance of financial literacy. Held annually in the first week of September, it is designed to encourage all Australians to take simple steps to make a positive difference to their money health.  
Financial literacy is about understanding money and finances and being able to confidently apply that knowledge to make effective financial decisions. Knowing how to make sound money decisions is a core skill in today’s world, regardless of age. It affects our quality of life, the opportunities we can pursue, our sense of security and the overall economic health of our society.
 
MoneySmart Week (MSW) has three core objectives: 
1. To encourage all Australians to take action to improve their personal finances
2. To foster partnerships across government, business and community sectors to aid in the delivery of financial literacy initiatives
3. To publicly recognise and promote good practice in the design and delivery of financial literacy programs and research.
 
The Week is founded on the principles and objectives outlined in the National Financial Literacy Strategy, available at www.financialliteracy.gov.au.
 
From 1 August, individuals can sign up to take the MoneySmart Week Challenge. The registration process asks participants to pick one of eight money challenges to help them take control of their finances.There are seven challenge topics for people 18+ and one designed for under 18s (secondary school-aged):
 
• Starting Early (Saving for 13-18 year olds)

Registered participants will receive an email in the week prior to MoneySmart Week containing a three-point checklist and supporting material to help guide them through the challenge.

More information about MoneySmart Week can be found at www.moneysmartweek.org.au.


 

Australian students score well in PISA financial literacy test but more to be done: ASIC

An international study of 29,000 students from 18 countries found that Australian students scored significantly higher than the OECD average in the Programme for International Student Assessment (PISA) financial literacy test, but there is still work to be done.

>> Read ASIC's media release on the PISA test results.
 

The University of Sydney Free Public Lecture

1. “Skyful of lies and black swans: Who controls shifting information power in crises?” – Nik Gowing, International Broadcaster
Date: Monday 11 August 2014
Time: 4pm – 5.30pm
Venue: The University of Sydney
Cost: Free with registration required
 
The public information space has been turned on its head. But few at the highest levels of power are willing to realise that its new capacity to disrupt threatens their reputation or brand. There is a reluctance to learn from the destabilising experiences of others in multiple fields and locations. This presentation and discussion focus on the new executive fragilities and policy implications for government ministers, civil servants, defence and security agencies plus corporate institutions and NGO’s from the new matrix of real-time information flows and transparency created especially by the explosion of social media. The new digital connectivity and IT realities are disruptive game changers. They challenge mercilessly the inadequacy of the structures of power to respond both with effective impact and in a timely way. As vulnerabilities increase, mindsets and systemic behaviour lag behind these new realities. 

>> More information and to register: sydney.edu.au/sydney_ideas/
 

Australian Human Rights Commission – Rights Talks

1. RightsTalk: Sanctioned violence - what does it do to our society and relationships? - Sister Clare Condon
Date: Wednesday 13 August 2014
Time: 12.30pm – 1.30pm
Venue: Australian Human Rights Commission Level 3, 175 Pitt Street Sydney

2. RightsTalk: Human Rights and Ageing: growing old in Australia - Professor Henry Brodaty AO
Date: Tuesday 19 August 2014
Time: 12.30pm – 1.30pm
Venue: Australian Human Rights Commission, Level 3, 175 Pitt Street Sydney

3. RightsTalk: Human Rights at Home and Abroad - Human Rights Commissioner Tim Wilson with Andrew Penfold AM 
Date: Wednesday 27 August 2014
Time: 5.30pm – 6.30pm
Venue: Australian Human Rights Commission, Level 3, 175 Pitt Street Sydney

>> For more information, to register for free and to access past “Rights Talk” events, go to https://rightstalk.humanrights.gov.au.
 

Job Vacancies

1.  Would you like to participate in the examination development process for the 2015 HSC BOSTES Business Studies, Economics or Legal Studies examinations?
The Board of Studies, Teaching and Educational Standards NSW (BOSTES) invites applications from teachers and academics with appropriate experience and qualifications who wish to take part in the development of the 2015 HSC examinations. Setting or assessing HSC examinations is a rewarding and challenging experience that provides a positive contribution to professional development. It is an opportunity to further develop understanding of assessment techniques and to enhance skills in setting examinations. Examinations are developed by committees chaired by a Chief Examiner.  Examination development will commence in Term 4 this year and continue until August 2015. A practising teacher assesses each examination as part of the development process. Assessing an examination usually takes one day, and will take place in Term 1/early Term 2, 2015. Examination committee members and assessors cannot teach the course(s) for which they are applying, or be closely related to someone sitting or teaching the subject in 2015. These positions may also be suitable for experienced retired teachers of Business Studies, Economics and Legal Studies.

>> More information at www.boardofstudies.nsw.edu.au › Job Vacancies

2. International Economics or Business teaching position
An independent school in Southwest China is seeking a teacher of Economics or Business Studies for a 2 year contract with an immediate start. The school teaches the UK curriculum in English and has a great student cohort with excellent parental support. Many of the students at the school go on to elite universities around the world. The package being offered is great and accommodation is available for staff should they wish to live on campus. For further information, please email your CV to consult@switchrecruitment.com.au, indicating your best number for contact and Joanna will call you back asap.
 

CPA Australia TV Program - The Bottom Line 

Watch CPA Australia’s “The Bottom Line” on www.thebottomlinetv.com.au/ On the website you will find an interview with ASIC Chairman, Greg Medcraft where he talks about leaving the world of banking to head up the country’s corporate watchdog, his enterprising youth, the benefits of a free university education and how good regulation can spur economic growth. The interviews with people from the business world can be used to enhance students’ understanding of concepts and terms in syllabuses and enable teachers to relate the subject matter they are teaching to the real world. Show the whole interview or in parts over several lessons. The interviews are conducted by the CEO of CPA Australia, Alex Malley – from troublemaker schoolboy to CEO, Alex is one of only two Australians to be included on The Accountant magazine’s list of the world’s top 50 most influential people in the profession.
 

CPA Australia – The Naked CEO

Get your Economics and Business Studies students thinking about their future in the world of economics and business by using the resources at www.thenakedceo.com, brought to you by CPA Australia.
 

Asia Education Foundation Study Programs to Asia

AEF develops and delivers programs designed for primary and secondary school teachers, school leaders and other education professionals, in partnership with education jurisdictions, teacher professional associations and education institutions across Australia. Study programs provide contemporary, cultural and historical perspectives of our Asian neighbours and include opportunities to:
  • build intercultural understanding of our nearest neighbours.
  • develop knowledge and understanding of the countries of Asia and Australia's engagement with Asia.
  • link in-country experience with learning areas of the Australian Curriculum
  • strengthen professional networks among colleagues to support Asia literacy in schools.
Below are the upcoming study programs:
1. China: In the Footsteps of Chairman Mao – 20 September to 5 October 2014
2. Bahasa Indonesia – 28 September to 5 October 2014
3. Korea Studies Workshop – 1 to 9 October 2014
4. Indonesia: A Diverse Culture – 4 to 14 January 2015
5. India: Hands on Science – 4 to 15 January 2015
6. China: Language and Culture Immersion – 5 to 17 January 2015
7. WA Angkor Study Programme – January 2015

AEF Study Programs may be tax deductible.

>> Further details and itineraries
 

Economics and Business News Bites

1. Westpac Economic Update: 8 August 2014 
Westpac Economist Elliot Clarke comments on the RBA's meeting notes on confidence in growth and the inflation outlook, as well as the July labour force release that didn't meet expectations. Next week's focus is on sentiment with the release of the NAB Business Survey and the Melbourne Institute Consumer Sentiment Survey, as well as European GDP. 

>> Watch the video here.

2. Vodafone losing customers
Vodafone lost 137, 000 mobile subscribers in the six months to 30 June 2014, to reach 5.2 million. The company says a “ saturated” mobile environment has stifled growth. Telstra currently dominates the mobile market with 15.8 million subscribers. Optus is in second place with 9.43 million subscribers.
* Reference: “ Vodafone bleeding customers”,in The Daily Telegraph,  24 July 2014
* Syllabus link: BOSTES NSW HSC Business Studies (2010) – Topic 2 – Marketing

3. Chief Executive of James Hardie receives pay package worth more than $11 million
James Hardie’s annual report has revealed that the chief executive, Louis Gries, received a pay and perks package worth $11.65 million for the year to March 2014. In May 2014 the building products business reported it more than doubled full-year net profit to $106 million.
* Reference: “Hardie Boy Hits Big Time”, in The Daily Telegraph, 15 July 2014
* Syllabus links: - BOSTES NSW HSC Business Studies (2010) – Topic 3 – Finance
-  BOSTES NSW Commerce ( 2003) – Core Part 1.2 – Personal Finance 
 

Legal News Bites

1. Appeal – R v. Loveridge (2014)
An appeal has succeeded in nearly doubling the prison sentence given to Sydney man Kieran Loveridge for the one-punch death of teenager Thomas Kelly and several assaults on the same night. Mr Kelly, 18, died after being randomly punched by Loveridge as he walked with his girlfriend in Kings Cross in July 2012. Loveridge was sentenced last November to a minimum of five years and two months in prison over that attack and three other random assaults on the same night. After a community backlash, the New South Wales Director of Public Prosecutions (DPP) launched an appeal against the leniency of the sentence. A three-judge panel in the NSW Court of Criminal Appeal has quashed the original sentence. Loveridge will now serve at least 10 years and two months in prison, while the maximum jail term is now 13 years and eight months.
* Reference: http://www.abc.net.au/news/2014-07-04/loveridge-gets-more-jail-time-over-one-punch-death/5571222 (accessed on 6 August 2014)
* Syllabus link: BOSTES NSW HSC Legal Studies (2009) – Topic 1 – Crime (Sentencing and punishment – Appeals)

2. Banned and jammed: mobile phone jamming jail trial extended 
The NSW Liberals & Nationals Government is leading the way for prisons to be phone-free zones, extending the trial of a mobile phone jamming trial at Lithgow Correctional Centre, Attorney General and Minister for Justice Brad Hazzard said today. The 12 month trial at the maximum security jail in Central West NSW will inform all Australian States and Territories’ Corrections authorities about the wider implementation of jamming technology, which has been used in other countries including the United States and New Zealand.“Corrective Services NSW has been making headway against contraband in prisons with targeted deterrence and detection which have resulted in more seizures of contraband, including mobile phones. Mobile phone use by inmates is a significant problem both locally and internationally, because of the threat it poses to the security of jails and the security of the community as some inmates try to continue to their criminal activities while locked up. Jamming means inmates can no longer thumb their nose at the system and the contraband value of a mobile phone becomes worthless,” Mr Hazzard said.
* Reference: - “Banned and jammed: jail trial extended”, Media Release by Brad Hazzard MP, Attorney General and Minister for Justice, 9 July 2014
* Syllabus link: BOSTES NSW HSC Legal Studies (2009) – Topic 1 – Crime (Sentencing and punishment)

3. Deaf jurors?
There have been no deaf jurors in trials in Australia, but in 2006 the New South Wales Law Reform Commission called for blind as well as deaf citizens to no longer be excluded from jury duty. A mock trial is now being staged in the Parramatta District Court, during which two deaf jurors will rely on accredited Auslan interpreters to follow the proceedings. The trial is based on an actual criminal case and is being presided over by ex-District Court judge Chris Geraghty NSW legislation does not directly exclude deaf people from jury service, only those who are “ unable, because of sickness, infirmity or disability, to discharge the duties of a juror”. However, no deaf person has sat on a jury in Australia.
* Reference: - “Historic trial is no tribulation for deaf juror” by Kim Arlington in The Sydney Morning Herald, 17 July 2014
* Syllabus link: BOSTES NSW HSC Legal Studies (2009) – Topic 1 – Crime (Sentencing and punishment)

4. ACCC invites views on the wholesale cost of mobile calls and SMS
The Australian Competition and Consumer Commission has released a discussion paper on pricing the declared mobile terminating access service (MTAS). This consultation is part of the MTAS final access determination (FAD) inquiry, which commenced in May 2014.Whenever a call is made from a mobile phone to a phone on a different network, the receiving (or terminating) network may charge a fee such as a per minute rate to receive (or terminate) the call on its network.The ACCC regulates this termination service to ensure that mobile operators can connect calls and deliver SMS to other networks and ensure that mobile operators do not set termination fees at a level above the actual cost of providing this service. Service providers recover the mobile termination fees through higher costs for consumers. “The ACCC recently found that the prices mobile operators were charging each other to receive mobile calls and SMS messages were too high, which meant higher bills for consumers or reduced product offerings,” ACCC Commissioner Cristina Cifuentes said. The discussion paper seeks stakeholders’ views on appropriate ways to determine efficient prices for terminating mobile calls and SMS messages. The ACCC invites submissions in response to the discussion paper until 29 August 2014.

>> Further information here.

Regards,
Joe Alvaro
President — Economics and Business Educators NSW

Looking back

1 August 1834 – Slavery is abolished in the British Empire by the Emancipation Act, freeing about 770, 000 slaves.
1 August 1905 – Grata Flos Matilda Greig, 24, becomes Australia’s first female lawyer when she is admitted to the Bar in Victoria.
9 August 1965 – Singapore splits from Malaysia to become an independent nation.
12 August 1981 – IBM unveiled its first PC.
14 August 1991  - IBM unveiled the wireless laptop.
17 August 1980 – Baby Azaria Chamberlain disappears at Ayers Rock. Her parents, Michael and Lindy, say that a dingo took their baby. Lindy spent three years wrongfully imprisoned for the murder of her daughter, Azaria. Watch an interview with Lindy Chamberlain on CPA’s “The Bottom Line” TV program at www.thebottomlinetv.com.au
17 August 1991 – Taxi driver Wade Frankum, 33, armed with an AKA rifle, kills seven people at Strathfield Plaza, Sydney, NSW.
21 August 1943 - Dorothy Tangney (WA) and Enid Lyons (Tas.) are the first women elected to Federal Parliament.

Quick statistic from the Australian Bureau of Statistics 2011 Census

Of people in Australia aged 15 years and over, 48.7% were married and 11.5% were either divorced or separated.

Attitude to money

Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.
- Robert Kiyosaki

Quote

“Between stimulus and response, there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom.” 
- Viktor E. Frankl

 

 

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