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Business

More building companies to ‘topple over’, as display home giant Metricon sheds staff to survive

One of the nation’s most prominent builders is set to shed almost a tenth of its workforce, as concerns mount about Australia’s construction industry.

Metricon was forced to defend itself against insolvency rumors just a few months ago.

The company has now told its roughly 2,500-person workforce that it is restructuring.

The move will impact 9 per cent of its workforce.

That works out to more than 200 jobs.

Most of the roles that will go are not in building or construction itself, but in front-of-house jobs like sales and marketing.

In a statement, Metricon’s acting chief executive Peter Langfelder said the company was contracted to build 6,000 homes.

“We are working to restructure our front end of the business given the current climate and the need to move forward more efficiently,” he said.

Australia’s commercial and residential construction industry is currently grappling with a post-boom hangover.

Incentives such as HomeBuilder during the pandemic saw at least 130,000 new homes or renovations subsidized by the federal government stimulus program.

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Categories
US

Democrat Sinema’s views on economic bill remain shrouded

WASHINGTON (AP) — Democratic Sen. Kyrsten Sinema’s views remained a mystery Monday as party leaders eyed votes later this week on their emerging economic legislation and both parties pointed to dueling studies they used to either laud or belittle the measure’s impact.

With Democrats needing all of their 50 votes for the energy and health care measure to move through the Senate, a Sinema spokesperson suggested the Arizona lawmaker would take her time revealing her decision. Hannah Hurley said Sinema was reviewing the bill and “will need to see what comes out of the parliamentarian process.” It could take days for the chamber’s rules umpire to decide whether the measure flouts procedural guidelines and needs changes.

Senate Majority Leader Chuck Schumer, DN.Y., and Sen. Joe Manchin, DW.Va., announced an agreement last week on legislation increasing taxes on huge corporations and wealthy individuals, bolstering fossil fuels and climate change efforts and curbing pharmaceutical prices. Overall, it would raise $739 billion over 10 years in revenue and spend $433 billion, leaving over $300 billion to modestly reduce federal deficits.

The legislation would give President Joe Biden a victory on his domestic agenda in the runup to this fall’s congressional elections. If Sinema demands changes, she would face enormous pressure to reach an accord with top Democrats and avoid a campaign-season defeat that would be a jarring blow to her party’s prospects in November.

Manchin is one of Congress’ most conservative and contrarian Democrats. He has spent over a year forcing his party to starkly trim his economic proposals, citing inflation fears, and his compromise with Schumer last week shocked colleagues who’d given up hope that he would agree to such a wide-ranging measure.

Sinema has played a lower-profile but similar role as Manchin — a lawmaker who can be unpredictable and willing to use the leverage all Democrats have in a 50-50 Senate. Last year, she lauded a proposal for a minimum tax on large corporations — which the new legislation has — but has also expressed opposition to increasing corporate or individual tax rates.

“She has a lot in this bill,” Manchin, citing her support for past efforts to rein prices for prescription drugs, told reporters Monday. He said she’s been “very adamant” about not increasing taxes, adding, “I feel the same way.”

Manchin has asserted the bill’s imposition of a 15% minimum tax on corporations earning over $1 billion annually is not a tax increase. He says it closes loopholes such companies use to escape paying the current 21% corporate tax.

Republicans mocked that reasoning and said its tax increases would weaken the economy and kill jobs. They cited a report from Congress’ nonpartisan Joint Committee on Taxation that said about half of the corporate minimum tax would hit manufacturing firms.

“So in the middle of a supply chain crisis, Democrats want huge job-killing tax hikes that will disproportionately crush American manufacturing and manufacturing jobs,” said Senate Minority Leader Mitch McConnell, R-Ky.

Biden has said he will not raise taxes on people earning under $400,000 annually. Manchin has said the Democratic package honors that pledge.

Republicans recently distributed another Joint Committee on Taxation analysis that said the measure would raise taxes on people earning below that figure. Democrats criticized the study as incomplete, saying it omitted the impact on middle-class families of the bill’s health insurance subsidies and clean energy tax cuts.

Democrats touted a report by Mark Zandi, chief economist at Moody’s Analytics. It said the measure “will nudge the economy and inflation in the right direction, while meaningfully addressing climate change and reducing the government’s budget deficits.”

Schumer said he expected votes to begin this week in the Senate, where Vice President Kamala Harris could cast the tie-breaking vote to assure its passage. The narrowly divided House has left town for an August recess, but Democratic leaders have said they would bring lawmakers back for a vote, perhaps next week.

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Categories
Australia

Australians are increasingly turning to ‘quiet quitting’ when it comes to their jobs

You’re not quitting your job — but you are quitting going above and beyond.

It’s a new trend called “quiet quitting” and it seems Aussies are increasingly getting onboard with the mindset.

Sick of letting work creep into their lives — from not taking lunch breaks to working unpaid overtime and keeping abreast of emails and Teams messages after hours — workers are implementing the revolutionary concept of quiet quitting.

They are drawing boundaries and no longer letting work intrude on their “life” space.

“You’re not outright quitting your job but you’re quitting the idea of ​​going above and beyond,” TikTokker @zkchillin explained in a popular video on the topic.

“You’re still performing your duties but you’re no longer subscribing to the hustle culture mentality that work has to be your life — the reality is, it’s not and your worth as a person is not defined by your labour.”

As we have embraced technology, so too have we allowed work to creep into our free-time space.

And “quiet quitters” say following their lead is crucial in avoiding burnout and enjoying and appreciating life outside of the office.

One quiet quitter posted on social media: “When you do it (quiet quitting) you realize nothing at work matters and suddenly all the stress vanishes.”

Another said: “I quiet quit six months ago and guess what, same pay, same recognition, same everything but less stress.”

And another wrote: “I did this when I asked for a raise and they told me no, but then started hiring people with higher pay and less responsibilities.”

However, while the idea of ​​quiet quitting may sound appealing, some experts have warned to proceed with caution.

LinkedIn’s Charlotte Davies said that by the time you reach the stage of quiet quitting, you may already be suffering from burnout — and more drastic measures may be needed to avoid a mental health meltdown.

A user on Reddit.
Camera IconA user on Reddit. Credit: supplied

Career trends expert at Glassdoor, Jill Cotton, said by taking up the trend, you could feel more powerless.

“Quietly quitting is often a sign that it’s time to move on from your role,” she said.

“If you’re reducing your effort to the bare minimum needed to complete tasks, your heart is probably no longer in the job or the company.”

Others have warned that by quiet quitting, you are likely shutting yourself off from promotions and pay rises.

But it hasn’t stopped the movement gaining momentum Down Under.

A discussion on Reddit shows many Aussie are taking up the trend.

“I stepped down from a management position to a lower one with fewer hours to study,” one said.

“Went from putting in 110 per cent into everything I did to the absolute bare minimum required to keep me happy and employed.”

Australians are increasingly turning to the trend of 'quiet quitting' to restore their work-life balance.
Camera IconAustralians are increasingly turning to the trend of ‘quiet quitting’ to restore their work-life balance. Credit: © Milenko Đilas – Veternik Serbia/djile – stock.adobe.com

A nurse said they had “dialled down” their time spent at work after having to take time off for burn out and family issues.

“Since I’ve been back, I only work two to three shifts a week,” they said. “I do what my job needs me to do.

“My work ethic is still strong but I no longer put my hand up for every other shift and I say no to some that are asked of me.”

Others pointed out that quiet quitting was about setting up “healthy boundaries” and having a work-life balance.

“This is something any decent company should ensure exists,” one user posted.

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Categories
Business

Canstar research shows banks offering discounts on mortgages for low-risk borrowers

Borrowers with big deposits or equity in their homes can shave more than $50 a month off their mortgage repayments as banks ramp up efforts to win low-risk customers.

Research by financial comparison site, Canstar, shows up to half of all lenders are now offering discounts to borrowers with a sizeable deposit or home equity.

Canstar group executive of financial services, Steve Mickenbecker, said banks were seeking to counter the risk posed by falling house prices on the east coast.

Canstar group executive of financial services Steve Mickenbecker.
Camera IconCanstar’s Steve Mickenbecker says customers need to ask to get the discounts. Credit: METHOD

He said the discounts were being offered by many lenders in WA even though local property prices had not failed.

But Mr Mickenbecker said it was up to borrowers to request the discount from their bank, with lenders highly unlikely to volunteer the potential saving.

The new research shows that 49 per cent of banks are offering customers with a 40 per cent deposit – or equity in their home worth the same amount – a discount on their interest rate worth an average 0.21 per cent.

Do not wait for a bank to tell you because it rarely happens

Its research states that a $470,000 loan with these banks would normally be subject to an average variable rate of 3.69 per cent interest, if the borrower had an 80 per cent loan-to-value (LVR) ratio on a mortgage for a $587,000 house.

However, these same lenders would discount the rate to 3.48 per cent for the same sized loan for customers with a 60 per cent LVR, which is worth a saving of $56 per month in interest.

”When it comes to the discount, you have to take the initiative – do not wait for a bank to tell you because it rarely happens,” Mr Mickenbecker said.

“And a 0.21 per cent discount is a decent saving.”

The research shows a smaller interest rate discount – worth 0.13 per cent – is being offered by almost a third of lenders to customers with a 30 per cent deposit, or the same sized equity in their home.

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Business

F45 co-founder Adam Gilchrist selling manor after stepping down from the business

The picturesque Sydney beachside manor owned by F45 co-founder Adam Gilchrist is set to go under the hammer after the Australian fitness giant’s stunning downfall.

Mr Gilchrist (not the cricketer), who stepped down as F45’s chief executive last week amid stock plunges and company-wide lay-offs, is selling his “beachfront trophy home” at Freshwater on Sydney’s northern beaches.

The home, 52 Ocean View Rd, grew into infamy in 2018 when Mr Gilchrist and his wife Eli bought the property for a whopping $14m due to a minor neighborly dispute.

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Camera IconF45 co-founder Adam Gilchrist is putting his northern Sydney manor up for auction. Clarke & Humel Credit: Supplied

The couple had purchased a three-bedroom cottage on 50 Ocean View Rd for $5.4m in 2017 and planned to spend $2.5m to develop the property.

But neighbors complained it would not comply with building height or boundary controls, which led to Mr Gilchrist taking the extraordinary step of withdrawing his proposal and setting the matter by buying his neighbour’s bigger home for the obscene amount.

The $14m price was a record for the Freshwater suburb, with agents considering 52 Ocean View Rd’s mammoth coming out an outlier price.

But the three-storey home is again on the market, with real estate agents billing it as “unquestionably one of the finest homes and locations in Sydney”.

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Camera IconOne of the bedrooms in the Freshwater home. Clarke & Humel Credit: Supplied

“Cutting-edge architectural design and an unsurpassed beachfront setting combine in this state-of-the-art luxury residence to deliver the ultimate designer beach house,” a description of the home reads.

“Set to a picture-perfect backdrop that sweeps over the surf to the ocean’s horizon and North Head, the tri-level residence showcases living spaces and lift access to all three levels and has been appointed and furnished with every conceivable luxury.”

The home’s features include five bedrooms, three bathrooms and giant retractable windows in the dining room.

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Camera IconThe beautiful view from 52 Ocean View Rd overlooking the beach. Clarke & Humel Credit: Supplied

Mr Gilchrist suddenly announced last week that he was stepping down as F45’s chief executive after co-founding the business with Rob Deutsch back in 2013.

The company also revealed it would be laying off 110 staff and cuttings its operational expenses, which caused its stock price to fall by more than 60 per cent.

F45 hoped that by reducing its corporate workforce by 45 per cent it could return to a positive cash flow.

Mr Gilchrist said he would be “forever grateful” as he exited the company.

“To the staff that have worked tirelessly since our inception, you have been incredible in your efforts, and I thank you for all of your support,” Mr Gilchrist said in a statement.

“To the investors that have joined us along our journey, I thank you for your commitment to F45.

“Lastly, I am forever grateful to our franchisees who deliver the world’s best workout each day to F45 members around the world.”

Mr Deutsch, who stepped down as chief executive and sold his shares in the company in 2020, said there were “enormous issues needing fixing”.

“Never in my wildest dreams could I have imagined this,” he wrote on Instagram.

“When I exited, and sold out of F45, I left a healthy, phenomenal, beast of a business. All the way from the company culture to the heart beat of the business… the workouts. F45 was special.

“I genuinely hope all of the 110 laid-off staff, find happiness and opportunities elsewhere.”

F45 was a global fitness powerhouse before its stock shock last week, with more than 1500 studios in 45 countries and Hollywood superstar Mark Wahlberg among its investors.

Hollywood superstar Mark Wahlberg is an F45 investor.
Camera IconHollywood superstar Mark Wahlberg is an F45 investor. Credit: Supplied

Mr Gilchrist made $500m overnight when the company went public on the New York Stock Exchange in July last year.

His northern Sydney home will be up for auction on August 27.

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Categories
Business

Banks are winding back mortgage amounts as interest rates continue to rise

Property prices may be dropping but that doesn’t mean that wannabe home owners are suddenly celebrating.

Lenders are simultaneously winding back how many people can borrow for mortgages as they factor in higher interest rate repayments and cost of living pressures.

Corey Chamberlain and his partner were just told by their mortgage broker that their borrowing capacity with a smaller lender has dropped by more than 20 per cent.

That’s compared with a national property price drop of just 2 per cent in the last three months.

“I’m gutted, really,” Mr Chamberlain told ABC News.

The couple with a young child were first approved for a mortgage of around $975,000 in late 2021, and then again when they went back for pre-approval earlier this year.

That’s when Australia’s official cash rate was still at 0.1 per cent.

Since May, the Reserve Bank has been raising the cash rate to tackle emerging inflation that’s hitting the Australian economy.

Today, the RBA is expected to hike the cash rate again to take it to 1.85 per cent.

Banks are passing the higher cash rate onto borrowers in the form of lending rates, which is impacting the head repayments on people’s loans.

In October, the regulator APRA also told the banks to raise the minimum interest rate buffer on loans from 2.5 per cent to 3 per cent.

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Categories
US

Infrastructure damage hampers flood recovery in Kentucky

HINDMAN, Ky. (AP) — Damage to critical infrastructure and the arrival of more heavy rains hampered efforts Sunday to help Kentucky residents hit by recent massive flooding, Gov. Andy Beshear said.

As residents in Appalachia tried to slowly piece their lives back together, flash flood warnings were issued for at least eight eastern Kentucky counties. The National Weather Service said radar indicated up to 4 inches (10.2 centimeters) of rain fell Sunday in some areas, with more rain possible.

Beshear said the death toll climbed to 28 on Sunday from last week’s storms, a number he expected to rise significantly and that it could take weeks to find all the victims.

Thirty-seven people were unaccounted for as search and rescue operations continued early Sunday, according to a daily briefing from the Federal Emergency Management Agency. A dozen shelters were opened for flood victims in Kentucky with 388 occupants.

Gen. Daniel Hokanson, chief of the US National Guard Bureau, told The Associated Press about 400 people have been rescued by National Guard helicopter. I have estimated that the guard had rescued close to 20 by boat from hard-to-access areas.

At a news conference in Knott County, Beshear praised the fast arrival of FEMA trailers but noted the numerous challenges.

“We have dozens of bridges that are out — making it hard to get to people, making it hard to supply people with water,” he said. “We have entire water systems down that we are working hard to get up.”

Beshear said it will remain difficult, even a week from now, to “have a solid number on those accounted for. It’s communications issues — it’s also not necessarily, in some of these areas, having a firm number of how many people were living there in the first place.”

The governor also talked about the selflessness he’s seen among Kentucky residents suffering from the floods.

“Many people who have lost everything but they’re not even getting goods for themselves, they’re getting them for other people in their neighborhoods, making sure that their neighbors are OK,” Beshear said.

Among the stories of survival that continue to emerge, a 17-year-old girl whose home in Whitesburg was flooded Thursday put her dog in a plastic container and swam 70 yards to safety on a neighbor’s roof. Chloe Adams waited hours until daylight before a relative in a kayak arrived and moved them to safety, first taking her dog from her, Sandy, and then the teenager.

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“My daughter is safe and whole tonight,” her father, Terry Adams, said in a Facebook post. “We lost everything today… everything except what matters most.”

On an overcast morning in downtown Hindman, about 200 miles (322 kilometers) southeast of Louisville, a crew cleared debris piled along storefronts. Nearby, a vehicle was perched upside down in Troublesome Creek, now back within its debris-littered banks.

Workers cleaned nonstop through mud-caked sidewalks and roads.

“We’re going to be here unless there’s a deluge,” said Tom Jackson, who is among the workers.

Jackson was with a crew from Corbin, Kentucky, where he’s the city’s recycling director, about a two-hour drive from Hindman.

His crew worked all day Saturday, and the mud and debris were so thick that they managed to clear one-eighth of a mile of roadway. The water rushing off the hillsides had so much force that it bent road signs.

“I’ve never seen water like this,” Jackson said.

Attendance was down for the Sunday morning service at Hindman’s First Baptist Church. Parishioners who rarely miss a service were instead back home tending to cleanup duties caused by floodwaters and mud.

The Rev. Mike Caudill said his church has pitched in to help the reeling community, serving meals and setting up tents for people to pick up cleaning and personal hygiene supplies.

Totes filled with clothes and photos were stacked on retired teacher Teresa Perry Reynolds’ front porch, along with furniture too badly damaged to salvage.

“There are memories there,” she said of the family photos she and her husband were able to gather.

Her husband’s wallet, lost as they escaped the fast-rising water Thursday to go to a neighbor’s house, was later found.

“All I know is I’m homeless and I’ve got people taking care of me,” she said.

Parts of eastern Kentucky received between 8 and 10 1/2 inches (20-27 centimeters) over 48 hours. About 13,000 utility customers in Kentucky remained without power Sunday, poweroutage.us reported.

President Joe Biden declared a federal disaster to direct relief money to more than a dozen Kentucky counties.

Last week’s flooding extended to West Virginia, where Gov. Jim Justice declared a state of emergency for six southern counties, and to Virginia, where Gov. Glenn Youngkin also made an emergency declaration that enabled officials to mobilize resources across the flooded southwest portion of the state.

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Raby reported from Charleston, West Virginia. Associated Press writer Kevin McGill in New Orleans contributed to this report.

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Categories
US

Kentucky Flooding: Officials call for critical recovery supplies as dozens are found dead in flooding and death toll is expected to rise



CNN

As the death toll in flood-stricken areas of Kentucky continues to rise, rescue workers and officials are focused on recovering missing people in several counties and coordinating vital aid for thousands of displaced residents.

At least 28 people, including four children, have died due to severe flooding that struck parts of Kentucky last week, Gov. Andy Beshear announced Sunday. The governor told NBC’s “Meet the Press” that he believes recovery crews are “going to be finding bodies for weeks, many of them swept hundreds of yards, maybe a quarter-mile plus from where they were last.”

While reading a breakdown of those killed in each county during a news conference Sunday, Beshear became visibly emotional when he reached the four children dead in Knott County, where 15 people have been found dead.

“It says ‘minor,’” the governor said looking at the list. “They are children. The oldest one is in second grade,” Beshear said.

The flooding – which swelled onto roads, destroyed bridges and swept away entire homes – displaced thousands of Kentuckians, according to the governor. It also knocked out vital power, water and roadway infrastructure, some of which has yet to be restored.

There was risk of flash flooding Sunday night into Monday morning, according to the National Weather Service. A slight chance of excessive rainfall is possible throughout the affected region on Monday and Tuesday. Conditions are expected to begin improving Monday, but the region could receive two-day totals of up to two inches of rain. Some areas could see more.

In Perry County, as many as 50 bridges are damaged and inaccessible, according to county Judge Executive Scott Alexander.

Debris surrounds a badly damaged home near Jackson, Kentucky, on July 31, 2022.

“What that means is there’s somebody living on the other side or multiple families living up our holler on the other side that we’re still not able to have road access to,” Alexander said.

Kentucky State Police are still actively searching for missing residents in several counties and ask that families inform law enforcement if their loved one is missing.

Search and recovery efforts could face yet another obstacle as temperatures are expected to soar Tuesday and through the rest of the week, placing crews, volunteers, displaced people and the area’s homeless population under pressing heat.

As the climate crisis fuels more extreme and frequent weather events, several areas of the US are currently experiencing flash flood risk, including swathes of the desert Southwest, Knoxville, Tennessee, and Tucson, Arizona.

State officials are immediately focused on getting food, water and shelter to the people who were forced to flee their homes.

Power outages and storm damage left 22 water systems operating in a limited capacity, a Sunday news release from the governor’s office said. More than 60,000 water service connections are either without water or under a boil advisory, it said.

Nearly 10,000 customers in the eastern region of the state were still without power as of early Monday, according to PowerOutage.us.

Officials overseeing the recovery efforts say bottled water, cleaning supplies and relief fund donations are among the most needed resources as the region works toward short and long term recovery. FEMA is providing tractor trailers full of water to several counties.

Volunteers work at a distribution center of donated goods in Buckhorn, Kentucky.

“A lot of these places have never flooded. So if they’ve never flooded, these people will not have flood insurance,” the mayor of Hazard, Kentucky, Donald Mobelini told CNN Saturday. “If they lose their home, it’s a total loss. There’s not going to be an insurance check coming to help that. We need cash donations,” he said, referring to a relief fund set up by the state.

Beshear established a Team Eastern Kentucky Flood Relief Fund to pay the funeral expenses of flood victims and raise money for those impacted by the damage. As of Sunday morning, the fund had received more than $1 million in donations, according to the governor.

The federal government has approved relief funding for several counties. FEMA is also accepting individual disaster assistance applications from impacted renters and homeowners in Breathitt, Clay, Knott, Letcher and Perry counties, the governor said, noting he thinks more counties will be added to the list as damage assessments continue.

Though the recovery effort was still in the search-and-rescue phase over the weekend, Beshear said in a news conference Saturday that he believes the losses will be “in the tens if not the hundreds of millions of dollars.”

“This is one of the most devastating, deadly floods that we have seen in our history,” Beshear told NBC Sunday. “It wiped out areas where people didn’t have that much to begin with.”

And it wasn’t just personal possessions washed away by the floodwaters. A building housing archival film and other materials in Whitesburg, was impacted, with water submerging an irreplaceable collection of historic film, videotape and audio records that documented Appalachia.

Appalachian filmmaker Mimi Pickering told CNN that the beloved media, arts and education center, Appalshop, held archival footage and film strips dating as far back as the 1940s, holding the stories and voices of the region’s people. Employees and volunteers were racing to preserve as much material as they could.

“We’re working as hard and fast as we can to try to save all that material… The full impact, I don’t think you have totally hit me yet. I think I don’t really want to think about it,” Pickering said. She noted the Smithsonian and other institutions have reached out offering assistance.

The extensive loss Kentuckians are suffering will likely also take a mental toll, Frances Everage, a therapist and 44-year resident of the city of Hazard told CNN. While her home de ella was spared, she said some of her friends de ella have damaged homes or lost their entire farms.

“When you put your blood, sweat and tears into something and then see it ripped away in front of your eyes, there’s going to be a grieving process,” Everage said. “This community will rebuild and we will be okay, but the impact on mental health is going to be significant.”

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Categories
Business

Your pint of beer could soon set you back $15, thanks to the latest tax hike

Australians face a big rise in the cost of a pint, with the country’s beer tax recording its biggest increase in more than 30 years.

As of Monday August 1, the beer tax goes up to 4 per cent, adding about 80-84 cents to the cost of a pint of the much-loved amber liquid. This means you may soon be paying $15 for your favorite glass.

And there’s no escape for those who buy their beer by the slab. The beer tax will rise from $53.59 to $55.73 per liter of the beverage’s alcohol content, raising the tax on a carton about 80c, to $18.80.

Watch the latest News on Channel 7 or stream for free on 7plus >>

The tax on a keg will jump about $4, raising the cost to almost $74.

Because of this price hike, Brewers Association of Australia chief executive John Preston warned that patrons might now have to fork out $15 for a pint at their local pub or bar.

“For a small pub, club or other venue the latest tax hike will mean an increase of more than $2700 a year in their tax bill – at a time when they are still struggling to deal with the ongoing impacts of the pandemic,” he said .

The biannual alcohol excise is based upon the consumer price index (CPI), which is a measure of the average change over time in the prices paid by households for a fixed number of goods and services.

According to the ABS, the June CPI increased by 6.1 per cent over the last 12 months, with goods accounting for 79 per cent of the rise this quarter.

Due to the tax increase, patrons may now have to pay $15 for a pint at their local pub or bar. Credit: Getty Images

Publican of the Royal Albert Hotel in Sydney’s Surry Hills, Michael Bain, said that while the increase was certainly high, beer tax increased twice a year every year (in February and August), meaning the issue isn’t a particularly new one.

“These price rises … just keep affecting us all the time,” he said.

“Because of COVID, I think a lot of people didn’t put the excise on…so I think this is why it’s affected us more this time.

“Especially some of the craft brewers that we use, they’ve been absorbing those CPI increases. But even the small guys now are going to have to pass it on, so it will mean a price rise across the board for us.”

Preston said the industry had seen “almost 20 increases in Australia’s beer tax over the past decade alone”.

“Australians are taxed on beer more than almost any other nation,” he said.

If patrons are forced to pay $15 for a pint of beer, Bain said he believes people will still buy it, but may buy fewer beers.

“Instead of buying three beers, they’ll buy two. I think they really will buy one less,” he said.

Federal Treasurer Jim Chalmers. Credit: AAP

According to Preston, breweries and pub and club operators were “extremely disappointed” when the former government did not deliver its proposed beer tax reduction in this year’s budget, and that the new Treasurer, Jim Chalmers, has now “inherited” the Liberals’ problem .

“We believe there is a strong case for beer tax relief to be provided by the new federal government, with the hidden beer tax to go up again in February 2023,” he said.

Bain agrees, saying another possible solution could be cutting down the tax from twice a year to once a year.

“I’m not saying they shouldn’t do it and we need to pay taxes for health care and all that kind of stuff, but at what point do you just keep gouging everyone?

“You can’t keep incrementally adding on all the time at these massive rates

“(It’s) kinda like you’re absolutely smashing people with tax.”

Chalmers was contacted for comment.

Cyclist flies into the crowd after major crash

Cyclist flies into the crowd after major crash

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Categories
Australia

McDonald’s breakfast costs Aussie traveler $2664 after airport dog catches the scent

A detector dog at Darwin Airport has sniffed out a stowaway McDonald’s breakfast in the backpack of an Aussie traveler flying home from Bali – leaving him with a $2664 fine.

The penalty for the undeclared meat and dairy products is part of the active biosecurity efforts being made to stop foot and mouth disease (FMD) from entering the country.

Watch the video above for more on this story

For more Travel related news and videos check out 7Travel >>

“Two egg and beef sausage McMuffins from McDonald’s in Bali and a ham croissant” were the offending menu items that caught the attention of biosecurity sniffer dog Zinta, Agriculture, Fisheries and Forestry Minister Murray Watt told 7NEWS.com.au in a statement.

Stopping the food groups from entering the country is just one of several measures the Department of Agriculture, Fisheries and Forestry is cracking down on to mitigate the biosecurity threat.

“Detector dog Zinta responded to a passenger’s backpack and, after further inspection, it was found they were carrying a variety of risk items,” Watt said.

“This will be the most expensive Maccas meal this passenger ever has.

“This fine is twice the cost of an airfare to Bali, but I have no sympathy for people who choose to disobey Australia’s strict biosecurity measures, and recent detections show you will be caught.”

McMuffins from a Bali McDonald’s cost one Australian traveler more than twice the price of his flight after he failed to declare the potential biosecurity threat. Credit: Supplied

He was issued a “12-unit infringement notice for failing to declare potential high biosecurity risk items and providing a false and misleading document”.

The undeclared food was inspected for FMD and destroyed.

“Biosecurity is no joke—it helps protect jobs, our farms, food and supports the economy. Passengers who choose to travel need to make sure they are fulfilling the conditions to enter Australia, by following all biosecurity measures,” Watt said.

Indonesian authorities confirmed on July 5 that there had been an FMD outbreak in livestock, and as Australia is FMD-free, authorities are being extra vigilant at the border.

The disease “can survive in meat and dairy products even if they are frozen, chilled or freeze-dried,” the department said.

Zinta the biosecurity detector dog has been assigned the job of tracking down potential carriers of foot and mouth disease before they enter the country. Credit: Supplied

The infringement notice cost more than the man’s flights, but that is the standard cost of failing to declare biosecurity risks at the border.

Travelers who are entering Australia on temporary visas could also risk them being cancelled, ensuring they cannot enter the country.

“Travellers arriving from Indonesia will be under much stricter biosecurity scrutiny due to the presence of foot-and-mouth disease (FMD) in Indonesia, including at the popular tourist destination Bali,” the department said in a statement.

The Albanese government last month announced a $14 million biosecurity package.

It has also rolled out biosecurity dogs at Darwin and Cairns airports, as well as sanitation and on-ground support at Australian and international airports.

Comedian spots bizarre Bunnings apron detail.

Comedian spots bizarre Bunnings apron detail.

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