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Economics and Business Educators of NSW

From the President

18  December 2013

Dear EBE NSW members,
Welcome to the final EBE NSW e-newsletter for 2013 as end of year school reports are issued to students, the 2013 HSC results are released and we prepare to wind down for the year.

EBE NSW kicks off its 2014 PD program with “Teaching the Preliminary course (Year 11) in Business Studies, Economics or Legal Studies for the first time?”

“Teaching the Preliminary course (Year 11) in Business Studies, Economics or Legal Studies for the first time?” will be held on Monday 24 February 2014 from 4.15pm – 7.30pm.
 
This NSW Institute of Teachers endorsed PD course has been designed specifically for:

  • beginning teachers and experienced teachers who are teaching the Preliminary Course (Year 11) 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.
The course will look at:
  • effective teaching and learning strategies designed to engage students, based on the current Board of Studies NSW syllabus
  • assessment procedures and techniques, including the Board of Studies NSW requirements for the allocation of Preliminary grades for the Record of School Achievement (RoSA)
  • useful teaching and learning resources.
The course will be presented by experienced teachers and EBE NSW Directors who will share their own experiences during their challenging early years of teaching and how they coped.
 
Click here for the full conference program and registration details.
 

Save these PD dates for 2014

1. EBE NSW Annual Conference
The EBE NSW Annual Conference will be held on Friday 16 May 2014. The full conference program and registration details will be available early next year.

2. Business Educators Australasia Biennial National Conference
The Business Educators Australasia (of which EBE NSW is a member) will hold its Biennial Conference in Perth, Western Australia next year on 2 and 3 October 2014. 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 full conference program and registration details will be available soon.
 

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 amongst colleagues to support Asia literacy in schools.
Below are the upcoming study programs:
1. School Leaders in the Asian Century: India Study Program, 12 to 23 April 2014
2. Introduction to Japan, 12 to 22 April 2014
3. Discover Bhutan, 12 to 21 April 2014

AEF Study Programs may be tax deductible.
>> Further details and itineraries

EBE NSW Membership Renewals for 2014 due now

Membership renewal forms for 2014 have recently been sent to all members. 2014 membership forms are also available on the EBE NSW website. Membership rates have not changed for 2014. The EBE NSW Board has made a decision to expand the concessional membership category for 2014. This category now includes casual/temporary teachers and retirees, in addition to student teachers. The membership fee for this category is $48.40. Renew membership now!

EBE NSW Board of Directors - Update

We welcomed a new Board member at the Board of Directors Ordinary Meeting on 2 December 2013, with Cheryl Brennan’s nomination to become a Director accepted unanimously by the Board. Cheryl teaches at Illawarra Christian School and was the recipient of the Premier’s Macquarie Capital Economics and Business Studies Teacher Scholarship in 2012( for more information visit her website at www.hscbusinessresources.com.au/coffeecasestudies). Welcome Cheryl.
 
In the last e-newsletter (11 November 2013) it was stated that:
“Pauline Sheppard was appointed Company Secretary at the Board of Directors Meeting on 21 October 2012 (following the AGM)”.
The date was incorrect, it should have read: Pauline Sheppard was appointed Company Secretary at the Board of Directors Meeting on 21 October 2013 (following the AGM)”.

2013 Law Society of NSW Inter-School Mock Trial Competition Grand Final winners

Congratulations to the 2013 Law Society of NSW Inter-School Mock Trial Competition Grand Final winners Chevalier College, and runners up Warners Bay High School. Congratulations to the winner of the Sydney University Best Advocacy Prize, Mark Peters from Warners Bay High. This simulated court case competition is open to year 10 and 11 students. Registrations for the 2014 competition are now open. For further details go to http://www.lawsociety.com.au/ and then click on “For schools” under “For the community”.

13th Annual Meeting of HSIE Professional Teachers’ Associations, Tertiary Educators and NSW Department of Education and Communities Advisors

I represented EBE NSW at the 13th Annual Meeting of HSIE Professional Teachers’ Associations, Tertiary HSIE Teacher Educators and NSW HSIE DEC Advisors on 27 November 2013. This annual events brings together HSIE professional teachers’ associations, tertiary HSIE teacher educators and NSW HSIE DEC advisors. Tertiary HSIE teacher educators and HSIE professional teachers’ associations, such as EBE NSW, are an essential link between teachers, schools and the curriculum. EBE NSW 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 NSW. EBE NSW offers a student teacher membership category which is heavily discounted and student membership discounts to all our PD courses.
 
At the meeting we heard about two websites which offer support to HSIE teachers:
1. The “Our Asian Stories” website (www.ourasianstories.edu.au) contains free teacher developed resources for HSIE teachers when teaching about Asia.
2. The NSW HSC Online website (www.hsc.csu.edu.au) which contains HSC study notes for HSC Business Studies, Economics and Legal Studies.
 
Dr Jennifer Lawless (Board of Studies NSW Inspector – History) and Mr Lindsay Swan (Board of Studies NSW Inspector – HSIE) gave a Board of Studies NSW update:

  • The draft Australian Curriculum, Assessment and Reporting Authority (ACARA) Years 5-10 Australian Curriculum: Economics and Business underwent a Board of Studies NSW consultation process and the Board of Studies NSW responded and submitted a report to ACARA. The final curriculum is due to be endorsed by the education ministers from each state and territory in December 2013. Unsure what implications for NSW at this stage, including K-6 HSIE and Years 7-10 Commerce.
  • The draft ACARA Years 3-10 Australian Curriculum: Civics and Citizenship underwent a Board of Studies NSW consultation process and the Board of Studies NSW responded and submitted a report to ACARA. The final curriculum is due to be endorsed by the education ministers from each state and territory in December 2013. Unsure what implications for NSW at this stage.
  • The current Business Studies syllabus is proceeding well. No changes in the near future.
  • The current Economics syllabus is proceeding well. No changes in the near future.
  • The current Legal Studies syllabus is proceeding well. No changes in the near future.
  • Changes with regards to Years 7 – 10 History and Geography were discussed, but there will be no changes to the current Years 7-10 Commerce syllabus in the near future.

At the meeting Board of Studies NSW Inspector – HSIE, Lindsay Swan, announced that he would be retiring from the Board of Studies NSW at the end of this year, after 15 years at the Board of Studies NSW. The meeting thanked Lindsay for all his work with regards to the HSIE learning area over those years. Lindsay has been a great supporter of EBE NSW and during his time at the Board of Studies NSW recognised the importance of interacting with our members through activities such as presenting Board of Studies NSW updates at our conferences and inviting EBE NSW to curriculum consultation meetings. In many ways Lindsay has been the face and voice of HSIE over the last 15 years in NSW and he will be missed. EBE NSW thanks Lindsay for all his support over the years. Lindsay received a well-deserved 2013 APTA award recently – see below.
 
Dr Jennifer Lawless will be the Board of Studies NSW Inspector – HSIE (including History) from 2014. She can be contacted on 9367 8151 or jennifer.lawless@bos.nsw.edu.au.

2013 APTAs – Lindsay Swan receives an APTA award

On 30 November 2013 Lindsay Swan was awarded with an Australian Professional Teachers Association (APTA) Meritorious Contribution to the Profession Award at the 2013 APTAs in recognition of his sustained and invaluable contribution to the teaching profession over many years. Congratulations Lindsay!
 
Read more about the 2013 APTAs at 
http://www.ptc.nsw.edu.au/content_common/ns-apta-awards-2013.seo

Lindsay Swan receives his APTA award from Australian Institute of Teaching and School Leadership CEO Ms Margery Evans








Launch of new State Library of NSW law videos

On the 28 November 2013 I represented EBE NSW at the launch of two short films on our legal system developed by the Legal Information Access Centre at the State Library of NSW. “How laws are made” is presented as two 10-minute films: Parliaments and Courts.
The videos can be found on the following website: http://www.legalanswers.sl.nsw.gov.au/about/videos.html. They are also on the State Library vimeo channel subset - which includes the captioned versions: http://vimeo.com/channels/findlegalanswers. I encourage all Commerce and Legal Studies teachers to use these excellent resources in their classrooms.

Excursion idea – Business Studies, Commerce, Economics and Legal Studies students are invited to join the Q&A audience

Business Studies, Commerce, Economics and Legal Studies students are invited to join the Q&A audience when the show returns for another year of discussion and debate in 2014. Hosted by Tony Jones, Q&A is the television program where the audience asks the questions of Australia’s politicians, pundits and opinion-makers. It goes live to air every Monday night at 9.35pm on ABC1. Q&A regularly discusses topics of interest to students including: Australian politics, economics, the environment, international relations, the arts and social issues. It is democracy in action! School groups are invited to participate in the program and ask questions of our high-profile panels. Q&A is filmed predominantly at the ABC studios in Ultimo and transport assistance is available for group bookings. Participation in the program is free.
For more information or to make a booking for you school, please contact Producers Christine El-Khoury or Carol Ayoub - qanda@abc.net.au or call 8333 4065.

Q&A returns in 2014 on Monday 3rd February.



Tony Jones

Lesson idea for those final Commerce lessons

The Duval High School (Armidale) Social Science faculty have developed online quizzes based on the following three Commerce topics:

  • Personal Finance
  • Investing
  • Political Involvement

Each quiz asks 50 multiple choice questions. At the end students are given a mark and are able to review the questions and check answers. Students who achieve a High Distinction have their school added to the Top Schools page. Go to www.commercequiz.com.

2013 Board of Studies NSW Examinations

EBE NSW welcomes feedback on the 2013 Board of Studies NSW HSC Business Studies, Economics and Legal Studies examinations from members. What did you think? Were they fair examinations? Strengths? Any concerns? Please email admin@ebe.nsw.edu.au.

Job Vacancy

See below a job vacancy for the Commonwealth Bank Foundation StartSmart financial literacy program.
Full–time StartSmart Secondary Facilitator
Based in Sydney
Applications close December 20, 2013.
Description
If you love working with kids, are an engaging and entertaining presenter or performer, and have a passion to change the world, this is the role for you! We are ChangeLabs, and we run large-scale social and behaviour change programs that make a real difference in peoples’ lives. We are NOT a not-for-profit, but rather a company that believes it is possible to use the scale and leverage of a business to make a genuine, positive difference in the world. We run programs in Australia and New Zealand and have staff in almost every capital city in those countries.

We are looking for an engaging and passionate Secondary School facilitator to join our Nation-wide team in equipping the nation’s youth with the skills to manage their money effectively.
 
The program is called StartSmart, and it is the largest face-to-face financial literacy program in the world! We run energetic, interactive and engaging educational workshops for both Primary and Secondary school students Australia-wide. We are passionate about equipping the nation’s youth with the skills to make sound financial decisions. You can check us out at www.startsmart.com.au. The StartSmart program is entirely free (we work in partnership with the Commonwealth Bank Foundation, whose funding and support means the program can be offered free to schools!) and contains no promotion of product pitches whatsoever. This is a genuine educational initiative delivered by a team of people who really want to make a difference.
 
To the get the most out of this great role you will be a confident and highly skilled presenter, have the drive and commitment to grow the impact of the program, and will thrive working in a highly independent environment. Core responsibilities will include but are not limited to
  • Delivering highly engaging and educational sessions to Secondary school students
  • Marketing and promoting the StartSmart program to teachers
  • Recording and maintaining a marketing database
  • Planning and travelling throughout rural and regional Australia several times per year
  • Attending bi-annual training and professional development events in Sydney
  • Represent the Commonwealth Bank Foundation
  • Basic knowledge of Microsoft Office.
As part of the StartSmart team you will be provided with an iPhone, laptop, internet dongle, branded car and will received world class mentoring and training from a professional team of speakers and presenters. This is a truly inspirational company and we are committed to growing our people and changing the world.

Our timeframes for this position are tight so if you’re interested, fit the bill, and can start from Monday 5 January 2014, we’d love to hear from you. Please provide your resume and a cover letter outlining why you are the right person for this job. Applications close soon, this position has an anticipated start date of ASAP; you will be required to be in the Sydney Office for at least two weeks during January for training and induction. Applications without cover letters unfortunately will not be considered.
Contact Name - Kelly Macri
Email - support@changelabs.net
Contact Number – 0299648700
 

The University of Sydney Lecture – “Getting ready for the Asian century”

When: Tuesday 11 February 2013
Time: 6pm – 7.30pm
Venue: The University of Sydney
Cost: Free with registration required

Co-presented with the Confucius Institute at the University of Sydney as part of the City of Sydney’s Chinese New Year program. The 'Asian Century' has been become a commonly used term but what does it really mean for government and business in Australia today? As part of the annual City of Sydney's Chinese New Year Festival program, the Confucius Institute and Sydney Ideas will host a discussion on the topic.
Pamela Young will discuss the cultural gap between Australia and Asian nations, and the findings in her published book 'Stepping Up: Lead culture change for diversity and growth in the Asian century that highlights the issues that impact Australia's ability to do well in Asia, the challenges Asian people encounter working in Australia, and what we can all do to improve the situation.

Pamela Young is a globally experienced executive and consultant known for her visionary and strategic thinking, change-agent capability and extensive knowledge of how cultures operate. Pamela has an extensive global career in both consulting and executive management. She has lived and worked in many cultures including Australia, New Zealand, Singapore, the UK, continental Europe and the USA.

Pamela will share the stage with David Olsson, former Chairman of the Australian-China Chamber Commerce, who has lived in Beijing for six years and is a key contributor to the book. David is the China Practice Consultant for King & Wood Mallesons and was instrumental in growing his company's business across the region and facilitating Australia-China client relations. Pamela and David will discuss their ideas on how to build stronger relations with China and gain competitive advantage in the Asian Century. The discussion will be followed by book sales and book signing for Stepping Up: Lead culture change for diversity and growth in the Asian century (rrp$44.00). Register at sydney.edu.au/sydney_ideas/‎.
 

Economics and Business News

1. Telstra identifies Asia as a growth area
Telstra’s growth strategies include owning a substantial part of the Chinese online car advertising site, Autohome. Autohome is the largest online car sales website in China, the world’s largest market for automobiles. The car and internet industries are rapidly expanding markets in China. With revenue declining from products in the maturity stage of the product lifecycle (e.g. fixed line telephones and the Yellow Pages directory business) Telstra is looking for new growth opportunities in the fast-growing Asia region.
 
* Syllabus links:
-Board of Studies NSW Commerce Syllabus – Option 4 - “Global Links” - Board of Studies NSW Business Studies HSC Syllabus – Global business parts of syllabus.
- Board of Studies NSW Business Studies Preliminary Syllabus – Topic 1 – Nature of Business – “Business growth and decline”
- Board of Studies Economics HSC Syllabus – Topic 1 – The Global Economy
* Reference:
- The Sydney Morning Herald – “Telstra set for Chinese web IPO windfall” by Peter Cai, 6 November 2013
 
2. Money spent on online advertising matches money spent on TV advertising
Online video advertising is experiencing a growth period. This poses a threat to traditional TV broadcasters. It is expected that this year the amount of money spent on advertising over the internet will match the money spent on advertising on free-to-air television. Advantages of online advertising include detailed information for advertisers of who is watching and the easy availability and portability of the internet.
 
* Syllabus links:
- Board of Studies NSW Commerce Syllabus – Option 2 – Promoting and selling
- Board of Studies NSW Business Studies HSC Syllabus – Topic 2 - Marketing
* Reference:
- The Sydney Morning Herald – “Cloud over Nine float as TV advertising begins shift online” by Brian Robins, 8 November 2013
 
3. Adult literacy levels need attention in our knowledge economy
Has the adult in the bank who is asking you to help them fill in a form because they forgot their glasses telling you the truth? Could it be they lack the literacy levels necessary to fill in the form? The Australian Bureau of Statistics estimates that 7.3 million Australians - almost half the adult population - have problems with literacy. These people often struggle to hold down jobs, balance their household budget and just make their way through each day. Figures from the ABS in 2010 suggest that 40 per cent of employed Australians do not have an adequate level of literacy skills to adapt to the knowledge economy (intellectual capital such as research, technical support and consulting).
 
* Syllabus links:
- Board of Studies NSW Business Studies HSC Syllabus – Topic 4 – Human Resources
* Reference:
- The Sydney Morning Herald – “Read and Write” by Sue White, 16-17 November 2013
- “We cannot be proud of our literacy levels” by Peter Garrett, 9 April 2103 http://www.theaustralian.com.au/news/we-cannot-be-proud-of-our-literacy-levels/story-e6frg6n6-1226615174224. (Accessed on 15 December 2013)
- “Knowledge economy”, Investopedia www.investopedia.com/terms/k/knowledge-economy.asp‎ (Accessed on 15 December 2013)
 
4. 3D printing entering the consumer market
Microsoft has launched a 3D printing (making a three dimensional physical object from a digital model) app for Windows 8.1 devices. While 3D printing technology has been around since the 1980s, it is now only entering the consumer market. The first home 3D printers are on sale for about $1000 - $2500. Examples of products that can be manufactured using a 3D printer include jewellery, kitchen gadgets, shoes and spare car parts. One advantage of 3D printers is the speed of printing, however, 3D printing in large volumes is challenging. “It is difficult to achieve efficiency of mass production. Traditional manufacturing is still the winner. Eventually, a decade or more out, I think 3D printing will produce large quantities faster”, says Jordan Brandt, technology futurist at Autodesk which makes 3D design software.
 
* Reference:
- The Sydney Morning Herald, “Microsoft launches free 3D printing app for consumers” by Lia Timson, 26 November 2013
- The Sydney Morning Herald, “Printers used to make custom spare car parts”, by Cynthia Karena, 26 November 2013
* Syllabus links: - Board of Studies NSW Business Studies HSC Syllabus – Topic 1 - Operations
 
5. Pope Francis says “solidarity” is almost a “dirty word” in a market economy
Pope Francis has said that people working in a market economy and pursuing profit, must have courage to aim for human dignity as well. He called for people to take responsibility for the unemployed, those who are fragile and for social injustices rather than submitting “to the distortions of a perspective of cost – effectiveness”. Pope Francis spoke against the idea that people who are useful are only those who can produce something and leaving social concerns to the state or to aid workers and volunteers. He emphasised “solidarity” and how it has become an uncomfortable word, saying that “for the economy and the market, solidarity is almost a dirty word”.
 
* Reference:
- The Catholic Weekly, “Beware the market’s allure”, 1 December 2013
* Syllabus links:
- Board of Studies NSW HSC Business Studies Syllabus (2010) – Topic 4 – Human Resources – “Ethics and corporate social responsibility”
- Board of Studies NSW Preliminary Economics Syllabus (2009) – Topic 3 - Markets
 
6. Donations to charity Christmas appeals down this year
Charities say they are running well short of targets this Christmas with Australians left with not much to give after donating money to the victims of the bushfires this year and typhoon Haiyan. However charities say calls for help have increased. Meanwhile, finance company JPMorgan Chase & Co is asking its employees to give to the Smith Family’s Christmas appeal – “it’s that time of the year where people are reflecting on their personal circumstances. I think from a corporation’s perspective anything that enables our employees to give back and feel like a part of the community is positive”, a spokesperson said.
 
* Reference:
- The Sydney Morning Herald, “Disaster giving takes toll on charity appeals” by Rachel Browne and Charmaine Wong, 7-8 December 2013
* Syllabus links:
- Board of Studies NSW Commerce Syllabus (2003) – Option 10 – Community Participation
- Board of Studies NSW HSC Business Studies Syllabus (2010) – Topic 4 – Human Resources – “Ethics and corporate social responsibility”
 

Legal News

1. Growing, sale and smoking of marijuana legal in Uruguay
Uruguay has become the first country to legalise the growing, sale and smoking of marijuana. The use of marijuana had been legal in Uruguay but cultivation and sale of the drug were not. The Netherlands allows the sale of marijuana in coffee shops. Uruguay’s President Jose Mujica sees this law as a bid to regulate and tax a market that already exists but is run by criminals. Critics say the new law will increase consumption and open the door to the use of harder drugs than marijuana.

* Reference:
- The Sydney Morning Herald, “Uruguay legalises marijuana trade” by Malena Castaldi, 12 December 2013
* Syllabus link:
- Board of Studies NSW Legal Studies HSC Syllabus (2009) – Crime
 
2. Crime figures
Acting Minister for Police and Emergency Services Greg Smith SC today welcomed the latest crime statistics which shows 16 of the 17 major offence categories are going down or remain stable. “The figures released by the NSW Bureau of Crime Statistics and Research show that eight of the major crime categories have had a significant downward trend in the same period. The decreases across the major crime categories are a win for police and a win for communities. Across NSW, over the five years to September 2013, violent offences have decreased on average each year by 1.9%,” Mr Smith said.
 
Some of the major crime categories that have shown a downward trend include:
  • non-domestic assaults - down 3.8%
  • robbery without a weapon - down 8.0%
  • break and enter dwelling - down 6.7%
  • break and enter non-dwelling - down 7.7%
  • motor vehicle theft - down 11.2%
  • steal from motor vehicle - down 3.9%
  • steal from person - down 10.8%
  • malicious damage to property - down 6.4%

“The report also shows that shooting incidents have fallen dramatically this year. The only crime category showing an upward trend is fraud which has increased due to credit card fraud”, said Mr Smith.

* Syllabus link:
- Board of Studies NSW Legal Studies HSC Syllabus (2009) – Crime
* Reference:
- Media Release, Greg Smith SC MP Attorney General, Minister for Justice, “Crime figures trending down or stable”, 5 December 2013.

3. Drug treatment prison program
Inmates committed to overcoming their addictions and gaining new life skills have graduated from an innovative NSW prison program aimed at cutting reoffending risk. Five participants graduated from the Intensive Drug and Alcohol Treatment Program, while another 47 were presented with trade qualifications they have gained in custody while undertaking the program. “The five graduates have made a major leap in tackling their drug and alcohol problems. Upon their release from custody, they will be better prepared to make good life choices – that includes avoiding crime,’’ said Attorney General Greg Smith SC.

* Syllabus link:
 - Board of Studies NSW Legal Studies HSC Syllabus (2009) – Crime
* Reference:
-   Media Release, Greg Smith SC MP Attorney General, Minister for Justice, “New drug treatment graduates turn lives around”, 11 December 2013.

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.

EBE NSW Office – Change of contact details

The EBE NSW office has now completed its move from Leichhardt Public School and is now located at the NSW Department of Education and Communities building at 3B Smalls Road, Ryde 2112. The office telephone number is (02) 9886 7786 and the fax number is (02) 9886 7673.

EBE NSW Office – Closing and re-opening dates for Christmas and the summer break

The EBE NSW office will close for 2013 on Friday 20 December 2013 and re-open on Wednesday 22 January 2013. For any urgent matters during this time, please email the office – admin@ebe.nsw.edu.au.
 
On behalf of the EBE NSW Board of Directors and staff, all good wishes for a very happy Christmas and a restful break.
See you next year.

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.
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.
 

Quick statistic from the Australian Bureau of Statistics 2011 Census

Of occupied private dwellings in Australia, 75.6% were separate houses, 9.9% were semi-detached, row or terrace houses, townhouses etc, 13.6% were flats, units or apartments and 0.9% were other dwellings.
 

Attitude to money

"Time is more valuable than money. You can get more money, but you cannot get more time." - Jim Rohn
 

Quote

“People aren’t devoted to continuous learning. They don’t have 20 years’ experience; they have two years’ experience repeated 10 times. They reach a level of adequacy at their job and don’t seek to advance beyond that.”
- Simon Reynolds
Copyright © 2013 Economics and Business Educators NSW, All rights reserved.
 







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