"That is about $100 annual for my 5 bedroom home with 3 of us living there. Someone still owes me $450."From another:
"The (similar) letter I received from Energy Australia yesterday estimates savings for 'an average New South Wales customer of $158 over this 12 month period'."Gas customers in New South Wales have been told to expect a saving of 4.% off their bills -- about $35 over 12 months. From one tipster:
"Is this to stop the ACCC in its tracks -- or can I claim my 4.5% discount next year when they don't deliver?"One tipster tells us that unlike everyone else, he's been told his bills are on the way up:
"I pay my electricity bill by fortnightly payments. In the last couple of weeks my provider (Actew) has advised me my fortnightly contributions will increase immediately by $20 a fortnight due to cost increases. That is an expected annual increase of $560; so much for a $550 saving!"The Liberal Party Facebook page released this infographic on its page on Wednesday, claiming that bills will be down "by up to 12.4%" in Victoria and varying degrees across the country -- we're yet to see that figure, but if you've got that on your bill, let us know.
Joyce odds nose-dive. You know it's a bad day at work when people start taking bets on how long you've got left in the job. It's worse when it's not your co-workers, but a national betting company. Sportsbet has released odds on how long it will take for Qantas CEO Alan Joyce to get the boot after yesterday's announcement that the company made a $2.8 billion loss in the last financial year. The odds aren't looking great, with Joyce at $1.33 to be sacked by March next year, in from $1.45 in May this year. He's odds on to leave before company chairman Leigh Clifford at $1.40. All odds are in for Joyce to resign or be sacked in the next few months -- Joyce thinks Qantas is pulling out of the dive, though, so maybe go for one each way. Gillard book launch a big affair. Tickets went on sale this morning for the Melbourne launch of Julia Gillard's creatively titled biography My Story. While most book launches are small affairs that involve mingling and finger food, the former prime minister has booked out the Regent Theatre in Melbourne, with tickets costing as much as $70, including a copy of the book. Gillard will be in conversation with former FM radio host Kate Langbroek -- a strange combination, we think. While a theatre launch will allow more people to attend, Ms Tips is worried this means no nibbles or drinks. Catalano and friends. The 23-year-old son of Domain CEO Antony Catalano has moved into the property world, starting a website devoted to providing information to apartment buyers and investors. Jordan Catalano's site apartmentdevelopments.com.au launched this week, with a press release saying:
"The inspiration for the site came from Jordan after he was shopping around for an apartment late last year, and discovered there was no dedicated resource for people wanting to purchase apartments off the plan and to compare products efficiently, online."While we think the real news story here is that a 23-year-old can somehow afford to buy a property, Catalano Jr's business partner is also of interest. He's teamed up with 22-year-old Tom Hywood -- that's right, Hywood, son of Fairfax CEO Greg. We wonder if the CEO offspring are aware of the history of their fathers' companies -- former Fairfax Community Newspaper chief Colin Moss called Catalano Sr. “a turncoat” and “no friend of Fairfax” when he launched the Weekly Review in April 2010. What a week. Did you know that this week is Financial Planning Week? That’s right, according to the Financial Planning Association, this is the 14th (count ‘em!) annual financial planning week “designed to increase Australians’ understanding of what financial advice is and the benefits it can bring.” “Trust is a critical component of financial advice and Australians have the right to know that when they seek financial guidance, they can trust the person they find,” FPA CEO Mark Rantall said in launching the week. So what are some of the best ways to celebrate Financial Planning Week? Here are some suggestions:
- Fake someone’s signature in order to cover that you moved them into a high-risk product that lost all their money without telling them;
- Flog a client a product you know is dodgy and not what they need, but that gives you a higher commission;
- Pretend to be the regulator of the financial planning industry but sit on your hands and do nothing, while letting industry write its own rules;
- Set up an inadequate compensation scheme for the people you ripped off while announcing record $8 billion profit;
- Even when a major financial institutions sends you evidence that it has breached the law, chuck the document in the bin; and
- Use a grubby deal with a mining magnate to gut the one set of reforms that stopped conflicted remuneration and fee gouging by planners.