IT will be the first Christmas for eight-month-old Flynn Belden in just eight sleeps’ time! Flynn is really getting into the Christmas traditions early, including the annual Living Nativity and Christmas Carols in Portland, where he got to meet a couple of other kids, Dora and Chocolate.
THE Glenelg Shire Council will decide how to tackle a $4.05 million super debt at tomorrow night’s council meeting. In July the council was notified of the shortfall for current and ex-employees in receivership of Vision Super, a commonwealth regulated scheme which requires full funding. State-wide there’s a $453 million shortfall in the scheme due to poor returns during the global financial crisis, which is due July 1 to roughly 9000 members. That figure increases by another $80 million with superannuation contributions tax and is due July 1 to roughly 10,100 members. A Municipal Association of Victoria (MAV) superannuation taskforce released 19 recommendations on Friday that will form the basis of the council’s decision. The recommendations include access to cheaper borrowing rates, waiving government costs, and regulatory reforms. Council chief executive officer Sharon Kelsey, who was appointed to the taskforce, said councils will have to pay the shortfall but the recommendations aim to minimise the impact. Read more in Monday’s Portland Observer.
A TOURISM campaign funded by Telstra to compensate for the telecommunications disaster started on Saturday. The $200,000 campaign will be in three stages, each focusing on different business interests. The first stage, which began on Saturday, uses print and radio advertising to encourage residents to spend money locally. The second stage of the campaign will begin after Christmas and will focus on bringing new people to the region, highlighting work and lifestyle benefits through print and radio advertising across the state. The final stage, which is yet to be finalised, will focus on tourism and is likely to start in the New Year. Telstra south-westVictoriaarea manager Bill Mundy said that, while tourism is part of the campaign, all businesses need to be addressed. “What we’ve learnt from recent meetings is that businesses want people to know they’re open for businesses, whether it be suppliers or customers,” Mr Mundy said. Read more in Monday’s Portland Observer.
EXECUTIVE director of Noske Group, Tony Noske has made a bid to buy back Whitpark, one of four companies which makes up the group. Administrators John Lindholm and Brendan Richards, of Ferrier Hodgson, will likely accept the $2.5 million offer made by Mr Noske on December 6 and will end their administration at the final meeting of creditors today. The sale will include the transfer of all 75 employees including existing employee entitlements, valued at $1.06 million in superannuation and annual leave, Mr Lindholm said in a letter to creditors. If the sale isn’t agreed upon, the Whitpark branch of the company will be dissolved, he said. Whitpark provides people, equipment and administration services to Noske Logistics and Noske Plantation Logistics on a hired basis. “The sale to Logistics andPlantationwill provide a better outcome for the secured creditor, lease/hire purchase financiers and employees than an auction sale of the company’s assets,” Mr Lindholm said in a letter to creditors last week. Mr Noske said he was 100 per cent confident the sale will proceed today. Read more in Monday’s Portland Observer.
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