Territory Stories

The Northern Territory news Fri 14 Apr 2017



The Northern Territory news Fri 14 Apr 2017

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NT news


The Northern Territory news; NewspaperNT




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Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

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News Corp Australia

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Copyright. Made available by the publisher under licence.

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News Corp Australia



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08 NEWS FRIDAY APRIL 14 2017 NTNE01Z01MA - V1 Dingo litter born early Five dingo puppies bred out of season at the Australian Reptile Park in New South Wales Picture: SUPPLIED RICHARD NOONE Housing idea not so super Move could cost billions CLAIRE BICKERS Donate for our diggers TERRITORY shoppers can support Aussie diggers and their families by raising funds in the lead up to ANZAC DAY. Customers can support Bravery Trust by donating at Coles registers, buying a $2 donation card, or by purchasing a 12 pack of Anzac Biscuits, Coconut Drops or Choc Chip Cookies at the supermarkets bakery before ANZAC DAY. The funds raised for Brav ery Trust will help to provide urgently needed financial and practical support to veterans who are suffering as a result of their service to Australia. Shoppers can donate at Coles supermarkets at Casuarina, Alice Springs, Palmerston, Darwin CBD and Northlakes. THESE five adorable dingo puppies were so eager to get into the world they decided to get out into the world earlier than expected. Dingo pups are usually born in late May or early June but the resident breeding pair Adina and Fred at the Australian Reptile Park in New South Wales decided to give staff an Easter present. Adina has chosen to make her den in a place that is open and visible for guests to admire the pups interacting with parents Adina and Fred, gen eral manager Tim Faulkner said. In a few short weeks they will be frolicking around the yard and playing with each other, which is a highlight for visitors who watch this. The pups may have been born out of season but they arrived healthy and just as they would be in the wild. The quintuplets will be reliant on their mum for the next three weeks until they start opening their eyes and exploring their new world. The park breeds dingoes as part of its conservation programs, to educate about their role in the ecosystem. ALLOWING young Australians to dip into their superannuation early to buy a home will cost the government more than $1.5 billion in extra welfare payments per year in the long term. The government would have to fork out $4900 extra in aged pension payments per year for every person on a middle income that accessed the scheme as a first homebuyer, Industry Super Australia says. A fulltime worker on $50,000 a year would lose $63,000 from their eventual retirement savings by diverting just three-years of payments (or $12,295) towards a mortgage when they were young. That would be enough to reduce their retirement income to a level that would make them eligible for a higher rate of the age pension when they retire. There are 90,000 first homebuyers each year in Australia and if 35 per cent of them used the scheme the government could be up for an extra $152 million per year on pension payments when they retire. Industry Super Australias Matthew Linden, formerly the principal economic adviser to Wayne Swan in his days as Treasurer, conducted the modelling. Mr Linden said over a ten year period taxpayers could be forced to pay for an extra $1.5 billion in aged care pension payments. The scheme was not likely to help first home buyers get into the housing market because it would drive up prices, he said. We dont think the scheme will lead to more first homebuyers, rather it will deplete the super assets of those who were already likely to buy a home, Mr Linden said. It is hard to think of a stupider policy it will increase prices in what is an already overheated market, leave people with less super for retirement, and add billions to the age pension bill for future taxpayers. Its believed the scheme, which some Turnbull Government MPs were still pushing for yesterday, would allow first-home buyers to put three years of super contributions towards a deposit if they made an equal contribution from their own savings.