Protect your retirement savings-Australian Crime Commission Board warns

Got a hard-earned nest egg you’re husbanding towards retirement? Don’t get complacent - 2,400 Aussies have already been fleeced. Make sure those assets are protected.

AUSTRALIAN CRIME COMMISSION BOARD MEDIA RELEASE 28^th  September 2011

The Australian Crime Commission (ACC) Board today urged Australians to protect themselves against the growing threat of serious and organised fraudulent investment scams.

Chair of the ACC Board, Australian Federal Police Commissioner Tony Negus, said serious and organised criminals are using the Internet to provide false legitimacy in their attempts to target the retirement savings of Australians.

“The level of superannuation and retirement savings in Australia is attractive to organised crime groups. Those people looking particularly to invest their savings should be wary of these fraudulent scams,” Commissioner Negus said.

“These scams are typically in the form of unsolicited cold calls used in association with sophisticated hoax websites to try and legitimise the scam. This type of crime is targeting the life savings of hard working people. Australian and international law enforcement partners stand committed to protecting the community from these crimes.”

To tackle this growing threat, the ACC Board established a multi-agency task force that aims to disrupt fraudulent serious and organised investment scams and harden the Australian environment against this type of organised criminality.

Led by the ACC, the task force comprises of law enforcement, regulatory and service delivery agencies across federal, state and territory government. Task force members include all ACC Board agencies, as well as the Australian Competition and Consumer Commission, Department of Broadband, Communications and the Digital Economy, Department of Immigration and

Citizenship, Department of Human Services and the Australian Transaction Reports and Analysis Centre.

Australian Securities and Investments Commission Acting Chairman, Belinda Gibson, said these fraudulent investment scams are incredibly sophisticated and very difficult for even experienced investors to identify.

“Perpetrators of these fraudulent scams are skilled at using high-pressure sales tactics, both over the phone and via email, to persuade their victims to part with their money,” Ms Gibson said.

Based on initial indications, more than 2400 Australians have lost in excess of $93 million to these scams, but it is believed there is a high level of underreporting and the extent is far greater.

“I urge investors to be immediately wary if they are called at random by someone offering an investment opportunity overseas,” Ms Gibson said.

This Media Release is issued by the ACC Board as a Public Bulletin in accordance with Section 60 of the Australian Crime Commission Act 2002.

People can protect themselves by hanging up on any suspicious calls received and by further investigating and researching any investment offer:

• Visit www.moneysmart.gov.au or call 1300 300 630 for further information.

• Alert your family and friends to this fraud, especially anyone who may have savings to invest.

• Report suspected fraud to the Australian Securities and Investments Commission, via www.moneysmart.gov.au or 1300 300 630, or your local police. Any information that can be provided such as company name, location and contact details will assist with subsequent investigations and enquiries.

• Hang up on unsolicited telephone calls offering overseas investments.

• Check any company you are discussing investments with has a valid Australian Financial Services Licence at www.moneysmart.gov.au

• Always seek independent financial advice before making an investment.

For more information, see the Serious and organised fraudulent investment scam fact sheet on the Australian Crime Commission website,

http://www.crimecommission.gov.au/publications/crime-profile-series/serious-and-organisedfraudulent-investment-scams.htm.

This Media Release is issued by the ACC Board as a Public Bulletin in accordance with Section

60 of the Australian Crime Commission Act 2002.

NSW North Coast Nats political lies and funding fudges continue

In January 2010 a published NSW Government e-tendering document clearly stated that a construction company had received an estimated $11.73 million, multi-stage, two and a half year contract to upgrade Casino Public School, in keeping with its heritage-listed buildings.

This is confirmed in the Casino Public School 2010 Annual School Report:

Principal’s message

There were many highlights to the 2010 school year at Casino Public School.

The Major Capital Works program commenced with the construction of new buildings including: the first stage of R Block(two classrooms), T Block (a Support Unit with four classrooms), S Block (a library and a cultural room). R and S Blocks were funded from the Building an Education Revolution (BER) program. All other works will be funded by major capital works funding from the NSW Department of Education and Training. It is anticipated that these state of the art facilities will be available for use early in Term 1 2011. The program of building and refurbishment will continue in 2011 and is due for completion in 2012. The excellent communication and cooperation between Asset Management, Department of Commerce, the school, Woollam Constructions staff and their subcontractors has been a contributing factor to the success of the program.

Not content with attempting to fudge the level of the O’Farrell Government’s contribution to Grafton and Maclean Hospital upgrades, the Nationals candidate in the Clarence by-election, Chris Gulaptis, is obviously aiming for a trifecta.

With a glossy campaign leaflet mail-out which attempts to pass off $3.7 million allocated to the Casino Public School upgrade as one of the Nationals March 2011 election commitments delivered freely and, not what it is in reality, money to cover a staged payment which is part of an existing building contract sealed before the Coalition came to government.

The O’Farrell Government’s 2011-12 budget papers give the game away by referring to the $3.7 million as Continued major building projects at Casino Public School or as the then Nationals MP for Clarence Steve Cansdell put it $3.7 million has been allocated to complete the upgrade of Casino Public School.

One wonders why Gulaptis keeps repeating those tired old 2007 bad habits, until catching sight of one of the good ole boys who have come north to help him out in 2011…….

Photo from Facebook

Teh Opposition Oompah-pah Machine misrepresents Flannery

The Australian newspaper online has gone behind a paywall, but its mindless anti-climate change propaganda still gets exposed.

From The Power Index on 25^th October 2011:

“Professor Flannery has released a statement this afternoon on information relevant to the above.

"The Australian (25 October) portrayed me as a 'backer' of the coal seam gas industry. This is not only wrong, but a serious misrepresentation of my speech to the New South Wales Minerals Council from which the headline was drawn.

What I in fact said at the meeting of environmental workers in the minerals industry is that serious conflicts exist between the coal seam gas industry and landowners, and that the industry faces enormous challenges as a result."

Cansdellgate - more than a mistake

Locals continue to comment on the disgraced former Member for Clarence.

Source: Letters, The Daily Examiner, 25/10/11

Gulaptis attempts to ride on someone else's coat tails

In 2009 a Labor NSW Government announced the creation of the $35 million Community Building Partnership Program.

In 2010 funding for the program was increased to $58.4 million.

On 26 March 2011 the O’Farrell Coalition Government was elected and in its first budget it reduced the Community Building Partnership to $35 million spread over two years, with only $11 million available in the 2011-12 funding round.

In October 2011 the Nationals candidate in the Clarence by-election was seeking to make political capital out of this same program:

APPLICATIONS FOR COMMUNITY BUILDING PARTNERSHIPS CLOSING SOON 

Nationals Candidate for Clarence Chris Gulaptis today urged organisations to apply for the 2011 Community Building Partnership program before applications close in a fortnight.
Mr Gulaptis said applications for the CBP Program close on Monday 31 October.
“The Community Building Partnerships are vital for moving local projects forward and upgrading essential services,” Mr Gulaptis said.
“It’s important to get the word out about these opportunities for our electorate, especially during this short period where we do not have a local member.
“The deadline is fast approaching, so I would encourage those organisations yet to apply for this important program to make sure they meet the deadline.
“Projects deemed eligible inject will jobs into the region - and boost community participation in a range of programs and facilities.
“Successful applicants must be ready to start work by mid-2012 and projects need to be completed by the end of June 2013.
“As part of the initiative, $300,000 is available for each electoral district with an additional $100,000 available for the 48 electorates with higher levels of unemployment, of which Clarence is included.
“The successful projects in Clarence will be announced by the Premier in March,” Mr Gulaptis said.
Applications can be made online at www.communitybuildingpartnership.nsw.gov.au

MEDIA: Chris Gulaptis 0400 016 590

A question of housing priorities.....

With social housing being scarce as hens teeth in the Clarence Valley Maud Up the Street and her mate are a bit hot under the collar over the goings on at North Coast Community Housing Company.

Apparently this government funded company is indefinitely holding a one bedroom unit in the Lower Clarence for a tenant who isn't even halfway through serving a two-year gaol sentence after pleading guilty to multiple charges.

Even I had to mutter a WTF after hearing that one. Bit hard to live in two places at once isn’t it?

Pic from Google Images

Antimony mining raises ugly head

Another North Coast resident adds her voice to the protest and asks, "Why do the local Australian people seemingly have no recourse to consult or object or reject such dangerous toxic projects and why are our local, state and national representatives supporting these projects. They are clearly not in the national interest."

Letter to the editor, The Coffs Coast Advocate

I live in an idyllic little community on the Dorrigo plateau amid pristine rainforests at the head waters of the catchment area for the Clarence River (Wild Cattle Creek) as well as living and working here in Coffs as an osteopath.

Once again the spectre of mining (this time antimony) has raised its ugly head.

The old mine processed its antimony at a site in Urunga which is now a toxic dead zone. Hillgrove Antimony mine has polluted the Macleay River, which feeds Kempsey.

The mine at Wild Cattle Creek just up from us, has been bought from Anchor mines, which was an Australian-owned company, by a Chinese consortium. I've heard it claimed that China is no longer mining antimony in their own country due to the toxic pollution levels it causes. Antimony is used in plastic drinking bottles and microchip technology and is extremely harmful to the health of human and other life forms.

It is with alarm that I've learned that more than 90% of all mining leases in this country are now owned by Chinese and Indian companies.

My question is how has this been allowed to happen? Why is it that we no longer own or control our own resources and pleas for help fall on deaf ears as really serious long-term pollutants are released into our pristine waters.

What I really don't understand is the legislative process in relation to mining rights and why we, the local Australian people, seemingly have no recourse to consult or object or reject such dangerous toxic projects and why our local, state and national representatives are supporting these projects. They are clearly not in the national interest. Why has the whole country been sold from underneath us?

I understand that we need minerals and mining but it seems to me that it needs to be done responsibly with a great emphasis being put on the value of what is mined and care being taken to use these valuable products in the most responsible way, so that they can be recycled and reused to limit the amount of earth disruption that takes place when they are removed and processed.

Surely we need to change our attitude to the Earth's resources and see them as precious and finite and legislate to protect the other living creatures and ecosystems that are affected by there removal.

Claire Thompson

Source: Letters, 25/10/11, Coffs Coast Advocate