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An Australian foreign exchange has revised its own contract terms to prohibit borrowers from using loans like mortgages to buy cryptocurrency. According a report by Australia Finance Review on Thursday, Bank of Queensland, that will be publicly traded on Australias stock market and one of the nations oldest retail banks, has supported the shift of the loan arrangements, which now state any loan purpose which involves the acquisition of usage of cryptocurrency is unacceptable. The move is the consequence of concerns over latest price volatility of the cryptocurrency marketplace, in addition to Australian authorities increasing scrutiny within the nascent distance, the report stated.
As previously mentioned by CoinDesk, Austrac, the nations financial intelligence agency, announced a brand new rule mandating know your client steps across crypto exchanges in Apr of this year. The Australia Taxation Office has also been seeking public opinions on how exactly should best tax gains made from cryptocurrency trading. Bank of Queenslands decision comes as many other creditors in Australia are discouraging borrowers from using real estate mortgages to create high risk investments. Citing an anonymous broker in the market, the report stated lenders within the country are monitoring borrowers accounts for signals funds are being used to trade or buy cryptocurrencies.
Theyre concerned since the Australian Tax Office, the Treasury, the Reserve Bank of Australia and Austrac are running all over it, the agent was quoted as stating. More broadly, major banks internationally like JP Morgan Chase, Citi and Bank of America have lately moved to prohibit users from using credit lines to buy cryptocurrency over worries that a volatile marketplace could depart borrowers struggling to repay their debts. Contract signing picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
A CHILL southeasterly cramped the style of golfers playing club championships at the weekend. Allen Monk Wharton hit 117 and 111 over 54 holes to win...
The Australian retail bank has revised its loan agreements to prohibit borrowers from using mortgages to purchase cryptocurrency.
Harry Palmer- We feature in todays APRadio podcast the great work being done by the Volunteer Fire Fighter Association in bringing the voice of those yellow angles who are the backbone of bushfire control, and who have had enough of the Rural Fire Service in NSW ignoring their input preference to academic bookworms. Harry and Mike discus the alphabet people out of step and dictating to the establishment and more.
One protestor killed in cold blood by troopers
President Trump on Tuesday pardoned the father and son ranchers from Oregon whose imprisonment for setting fires on federal land sparked a 41-day takeover of a wildlife refuge in the state.
Trump signed the order granting clemency to 76-year-old Dwight Hammond and his son, Steven Hammond, 49, who were convicted of arson in 2012 for fires that burned on federal land in 2001 and 2006.
Morgan Philpot, an attorney for the Hammonds, confirmed to Fox News that his clients were released from a federal detention center south of Los Angeles Tuesday afternoon.
In a statement, the Hammond family said they were grateful to the president and all who worked to make this possible, and to bring this about We are very anxiously looking forward to seeing Dwight and Steven home.
by Brian Shilhavy
Health Impact News
TV1 in Samoa is reporting that two infants have died within minutes of receiving the measles, mumps, and rubella (MMR) vaccine.
Tala Fou brings you breaking news on the death of two young children both aged 1-year-old from the villages of Safotu and Sasina in Savaii. Both children died within minutes of being vaccinated with the MMR vacine at Safotu Hospital on Friday morning the 6th of July.
Our News Reporter Alisa Faamaoni met with both families in Savaii today. The parents of the first child Marietta and Samuelu Tuisuesue of Sasina explained in detail to Tala Fou that within three minutes of their 1-year-old daughter Lannacallystah Samuelu being injected with the MMR vacine by a nurse she was dead. (Source.)
What is so tragic, and has this island nation in such an uproar, is that the parents of the second child who died had reportedly already learned about the first infants death a couple hours earlier and declined to have their child receive the same vaccine. The mother reports that the nurse administered the MMR vaccine against her consent, leading to the childs immediate death...
Australian drag star Karen From Finance is set to headline this years Cairns Tropical Pride festival in October. Cairns Tropical Pride is north Queenslands largest LGBTIQ festival, celebrating the diverse people and places of the region each year. This years festival will take place across three days, from October 12 to 14. The hilarious Melbourne ...
The post Karen From Finance Is Headlining Cairns Tropical Pride 2018 appeared first on QNews Magazine.
Australias energy policy is such a confusing mess that the Australians economics editor Judith Sloan actually supports the ACCCs dubious call (in its Electricity Pricing Inquiry Final Report) for the Australian Government to act as a buyer of last resort for electricity, to help energy companies secure finance for new generation capacity. In her latest opinion piece, Sloan observes:
The one interesting recommendation of the ACCCs report is that the government should operate a program to contract for low fixed-price generation capacity around $45 to $50 per MWh for the later years of new projects. These projects would in effect be sponsored by large industrial and commercial users but would be underwritten by the government.
Now, as reported in todays Australian, the federal government is considering this proposal. Influential ministers, such as Queenslands own Matt Canavan, see it as a way to support the construction of new high efficiency, low emission (HELE) coal-fired power stations.
Such industry assistance could only be justified as the economics of second best: using one market distortion to correct the economic problems caused by other distortions. To me, it looks like bad policy. We would be better off fixing the distortions which caused the mess in the first place, including public ownership of generation capacity and costly environmental schemes such as the premium solar feed-in tariff (44c/kWh in Queensland) and Small-scale Renewable Energy Scheme (SRES).
Much of the policy action needs to occur at the state level, in Queensland in particular. For example, we need to break up our price gouging power generators CS Energy and Stanwell and ideally privatise them, as recommended by the ACCC.
I would prefer we fix our current energy policy settings before the Australian Government commits to underwriting new generation capacity, taking a significant contingent liability on its balance sheet, the risk it will have to prop up unviable HELE coal-fired power plants in the future. This contingent liability would crystalise if substantial global action to reduce greenhouse gas emissions were agreed and followed through with in future decades.
I should say the ACCC deserves a high distinction for producing such a comprehensive analysis of electricity pricing in Australia and for generally sensible recommendation...
JAKARTA Oil palm plantations that adhere to the worlds leading certification scheme for the crop show no difference in environmental, social and economic sustainability than non-certified estates, a new study has found. The study carried out by researchers from the University of Queensland and the ARC Centre of Excellence for Environmental Decisions (CEED), both in Australia, and Borneo Futures is the first of its kind to assess how effective the Roundtable on Sustainable Palm Oil (RSPO) is in achieving its sustainability goals by comparing certified and non-certified concessions. To do that, they created the most comprehensive map and dataset yet of RSPO-certified sites in Kalimantan, the Indonesian portion of the island of Borneo. They then used the map and dataset to assess how effectively these plantations delivered on six of the eight central pillars of the RSPOs principles and criteria: conservation of biodiversity, responsible development of new plantings, responsible consideration of communities, consideration of social impacts, economic viability, and commitment to best practice. Not very well, as it turned out. No significant difference was found between certified and non-certified plantations for any of the sustainability metrics investigated, the researchers wrote. In fact, the only area where RSPO certification made a positive impact was in higher yields and share prices for certified companies. [O]ur results suggest that low confidence in the [RSPOs] mechanisms for improving overall industry sustainability appears warranted in all but very narrow and economically-oriented interpretations of sustainability, the researchers concluded. Global demand for products like
In an experiment with global implications, Australian scientists have successfully wiped out more than 80% of disease-carrying mosquitoes in trial locations across north Queensland. The experiment, conducted by scientists from the Commonwealth Scientific and Industrial Research Organization (CSIRO) and James Cook University (JCU), targeted Aedes aegypti mosquitoes, which spread deadly diseases such as dengue fever and Zika. In JCU laboratories, researchers bred almost 20 million mosquitoes, infecting males with bacteria that made them sterile. Then, last summer, they released over three million of them in three towns on the Cassowary Coast. The sterile male mosquitoes didn't bite or spread disease, but when they mated with wild females, the resulting eggs didn't hatch, and the population crashed.
Harry Palmer had this exclusive interview with Senator Rod Culleton with an update to his challenge of the senate president and attorney general orchestrating his removal from the senate on politically motivated agenda misinformation. Rod has now officially been granted a hearing in the Court of Disputed Returns with a dynamic legal team and an Australian leading QC....
The latest ACCC report on the National Electricity Market is an incoherent mess, reflecting the breakdown of the neoliberal/market liberal assumptions on which both the ACCC and the NEM are founded. But I can at least endorse this statement
There are many causes of the current problems in the electricity market. At all stages of the supply
chain decisions have been made over many years by many governments that set the NEM on the
As I said in a report to the Electrical Trades Union in 2014
The National Electricity Market was implemented in the context of National Competition Policy and at a time when faith in competitive markets was at its peak. The [resulting design flaws have led, over 20 years, to the failure of the NEM These failures are not accidental. Rather they can be explained by fundamental and incurable flaws in the NEM model of pricing, regulation and incentives for investment. Marginal adjustments such as those being proposed at present will inevitably prove inadequate.
Back then, as I recall, the idea of that the NEM was a failure was not so popular. Rather, the only obstacle to complete success was said to be the remnants of public ownership in NSW and Queensland.
As the Australian bureaucrats double-down on their de-facto forced vaccination schemes (see ZeroHedge's latest article "Australia Will Now Fine Parents Twice a Month If They Don't Vaccinate Their Kids"), I'm re-posting this piece I wrote in March as a testament to all those throughout the Western world who fight for health freedom... And, for all the latest on Australian medical tyranny and more, it's imperative you go to Cazzfiles.com. The talks from "The 2018 Sydney Vaccination Conference - The Censorship of the Vaccination Debate in Australia" are now posted there (see here and here). Out of the ashes of government tyranny comes a solution. In the Australian state of Queensland, childcare facilities can refuse to allow unvaccinated children to attend, so...
This public event is hosted by the Wangan and Jagalingou Traditional Owners Council and the UQ Human Rights Consortium, as part of an international symposium.
The four-day symposium bringing together national and international Indigenous rights thinkers and activists is being held at the University of Queenslands Global Change Institute.
This important evening event at the State Library will be hosted by Tony McAvoy SC, a Wangan & Jagalingou Traditional Owner and Australias first Indigenous Senior Counsel, and will feature
~ Adrian Burragubba, senior Wangan and Jagalingou leader and Traditional Owners Council spokesperson
~ Murrawah Johnson, Wangan and Jagalingou youth leader and Council spokesperson
with special guests
~ Dr. Anne Poelina, Nyikina Traditional Custodian of the Mardoowarra, West Kimberley and Director of Madjulla Inc.
~ Dave Archambault, Standing Rock Sioux Tribe leader during the protest to stop the Dakota Access Pipeline
~ Lisa Wade, Council Member, Naydiniaa Na Kayax (Chickaloon Village Traditional Council)
~ Walter Echo-Hawk, Pawnee Native American attorney, tribal judge, author, activist, and law professor
Hear from these extraordinary leaders who are on the frontline of Indigenous Peoples resistance to mining and resource projects that would destroy ancestral lands and damage the global climate.
Guests will speak of their own movements defending their human rights, their lands and waters, and the solidarity they share with the Wangan and Jagalingou Traditional Owners who are trying to halt Adanis Carmichael Coal mega-mine on their country, alongside other mines of mass destruction that could be built in the Galilee Basin of Central Queensland.
Wangan and Jagalingou leaders will affirm the rights of First Nations people to assert their claim to their ancestral lands in tangible and meaningful ways, including the right...
On this episode of the podcast we discuss the increasing use of drones by wildlife lovers, researchers, and businesses, how that might be stressing animals out, and how drone hobbyists can make a meaningful contribution to science while avoiding wildlife harassment. Listen here: Our guest is Alicia Amerson, a marine biologist, drone user, and science communicator. She tells us why its critical to have best practices for drones in place not only to guide hobbyists making videos of whales or birds, but especially before companies like Amazon.com deploy fleets of drones in our skies. After getting a Masters degree in marine biodiversity and conservation from the Scripps Institution of Oceanography at the University of California, San Diego, Amerson spent two seasons on a research project flying drones over mother whales and their calves in Australia. Drones, also known as unmanned aerial vehicles or UAVs, are a hot topic in conservation research these days. Theyre used to monitor coral reefs and wildlife for instance, and can actually be used to produce wildlife population counts much more quickly and accurately than traditional methods allow. But when Amerson returned home to California from Australia, she noticed the use of drones on the coastline was becoming much more common, especially among drone hobbyists and wildlife lovers. She was alarmed: wildlife like seabirds, seals, and sea lions on the California coast are often disturbed by humans, and the drones were just adding another level of disturbance. Thats when Amerson convened a group of experts to develop
The freshwater bore pump located near the Watson Bay campground on Lizard Island is currently out of service. Rangers will be onsite 19-20th July to conduct repairs to the unit. Affected parks: Lizard Island National Park.
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