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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...
About 20.000 people took the streets in Dsseldorf, Germany, against the new police law on Saturday. The resistance against the formation of the authoritarian state is growing across Germany. A report back. Published by Enough is Enough. Writen by Riot Turtle. Note: Enough is Enough is not organizing any of these events, we are publishing
The Australian retail bank has revised its loan agreements to prohibit borrowers from using mortgages to purchase cryptocurrency.
What ever happened to the sole purpose test that legally governs the behaviour of trustees of superannuation funds? You know, the one that means that the retirement incomes of the members are the only focus of the activities of superannuation funds.
When did sponsoring the ACTU Congress, to be held in Brisbane next week, fall into the category of maximizing the retirement incomes of the members?
The Royal Commission might care to take a look at this issue. And in the meantime, what the hell is APRA doing that it just turns a blind eye to this misuse of members funds?
ACTU thanks all our Sponsors and Partners for supporting the 2018 ACTU Congress in Brisbane 17 and 18 July 2018.
Welcome subverters. Its been a while as Linda was sick but a new podcast is finally here.
During this podcast we premiere the new segment Not the Fucking News, talk about whats not news and report on the filthy cops in Bad Cop No Donut.
In Australia its a national week of celebration for indigenous people so 40% of the music we play is from Aboriginal or Islander musicians.http://www.radio4all.net/responder.php/download/98346/108024/120042/?url=http://email@example.com/1972-1-Subversion1312_10072018_NottheFuckingNews.mp3
The read Not the Fucking News.
We also mention.. A t-shirt company in the US tried using the shocking image of Dylan Voller strapped to a chair in a youth detention centre. (we play the song Fool by Dylans sister Kirra during the show)
And the verdict is in plastic bag bans benefit the shops bottom line more than the environment.
SBS is filming a new series of documentary TV series Marry Me, Marry My Family and theyre encouraging same-sex couples to apply. The shows first season, screened earlier this year, profiled couples whose marriages meant uniting several often-clashing cultures. The show explores what happens when people from two different cultures exchange vows, and how the ...
The post Cross-Cultural Same-Sex Couples Wanted For SBS Wedding Series appeared first on QNews Magazine.
Our new segment giving you news most mainstream media have decided is not news.
Approval has been given for a 6 metre baby Trump blimp to fly over London when Trump makes his first visit there as US president on Thursday.
The approval came after thousands signed a petition and a crowdfunding campaign raised more than 16 000 pounds.
There are strict rules around the flight and organizers still have to meet with police and civil aviations authorities to finalise plans to ensure the stunt goes ahead.
The anti fascist group who have organised the balloon say it will hold up a huge mirror of truth to the world and describe Trump as a dangerous excuse for a president
Theres also a huge stop Trump march scheduled for Thursday in Central London.
In an interesting example of the way trade and money affect world health issues the US has bullied countries at the World Health Assembly into supporting their changes to a resolution on breastfeeding.
America wants to protect the profits of companies that make infant formulas so they sought to remove terms which worked against this aim.
Discounting decades of research and actually just common sense that breast milk is best for infants.
According to diplomats and government officials when the US didnt get their changes through they resorted to threats.
Ecuador was the first of a list of South American countries which folded after being threatened with punishing trade measures and the withdrawal crucial military aid.
Christine Anu is an iconic voice in the Australian music scene. Originating from Queensland, shes known for everything from her classic hits My Island Home and Party to her extensive time on the national stage. Most recently, she took to the stage for the closing ceremony of the Commonwealth Games on the Gold Coast and ...
The post Christine Anu Talks New Role In Grease And The Special Meaning Behind Her New Single appeared first on QNews Magazine.
PFLAG Toowoomba have welcomed the announcement of a new program from counselling service Lifeline aimed at improving the mental health of the Darling Downs LGBTIQ community. Lifeline Darling Downs CEO Derek Tuffield said the organisation had applied for and secured a $40,000 grant to pioneer the Leading The Change program. Its a conversation thats long ...
The post New Program Set To Benefit Toowoombas LGBTIQ Community appeared first on QNews Magazine.
A gay couple from Nimbin are among a group of Australian farmers to take part in a nude charity calendar to raise money and awareness for rural mental health. The Naked Farmer campaign was started in 2017 by Victorian grain and sheep producer Ben Brooksby (pictured above, left) to get people talking about farmers health. ...
The post These Farmers Are Stripping Off To Raise Money For Rural Mental Health appeared first on QNews Magazine.
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.
West End has been a hive of activity this week with 160,000 workers moving into new rooftop premises at the 2.6ha, $1 billion West Village development. Brisbane bee man Jack Stone, from Bee One Third, has installed four hives atop the Westpac Bank building in Boundary Street as part of the greening phase of the 
By Luke Beck, Monash University Social Services Minister Dan Tehan called in a recent speech for a federal Religious Discrimination Act. While Liberal Senator James Paterson has backed the call, backbench Liberal MP Tim Wilson warns such a law may be a smokescreen to allow discrimination against LGBTI people. Tehans speech attempts to set the ...
The post Why Australia Does Not Need A Religious Discrimination Act 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
Crash - Multi-vehicle
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.
Hazard - Stationary vehicle
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...
Only 174 pardons for historical gay sex convictions have been issued in England and Wales since Turings Law was passed last year. The law, which followed a posthumous pardon issued to wartime codebreaker Alan Turing (pictured) in 2013, allows the thousands of men who were convicted of historical gay sex offences to apply for a ...
The post UK Government Confirms Only 174 Pardons Issued Under Turings Law appeared first on QNews Magazine.
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...
Twenty years ago John Cameron Mitchell dared to do what no one else would tell the story of an East German punk-rock singer and her botched sex change operation. Originally a musical, the film Hedwig and the Angry Inch was released a few years later to critical acclaim and quickly achieved cult status within ...
The post John Cameron Mitchell Talks The Origins of Hedwig And The Angry Inch appeared first on QNews Magazine.
An inclusive Brisbane event will be held this Saturday to celebrate International Non-Binary Day. The day is recognised on July 14 every year, and one of the events organisers Jade Mirabito said the event came about in response to transphobia and to give Brisbanes gender diverse community and their allies a safe, inclusive place to ...
The post Inclusive Brisbane Party To Mark International Non-Binary Day appeared first on QNews Magazine.
By Damien Riggs, Flinders University For any person needing medical care, informed consent is vital. Yet for transgender people, informed consent may be hindered by how medical professionals share information. This is especially the case in the context of reproductive health, where speaking about reproductive materials is often highly gendered. Both the World Professional Association ...
The post More Guidance Needed To Ensure Trans Australians Reproductive Rights appeared first on QNews Magazine.
Queensland Parks and Wildlife Service (QPWS) will conduct a planned burn on Wednesday 18 and Thursday 19 July 2018 (weather permitting), as part of the annual hazard reduction/conservation management program for parks and forests. Affected parks: Nerang National Park and Nerang State Forest.
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