Territory Stories

The Northern Territory news Tue 22 Dec 2009



The Northern Territory news Tue 22 Dec 2009

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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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Nationwide News Pty. Limited

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Copyright. Made available by the publisher under licence.

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Nationwide News Pty. Limited



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www.ntnews.com.au Northern Territory News, Tuesday, December 22, 2009 29 P U B : NTNE-WS-DA-TE:22-DGE:29 CO-LO-R: C-M Y-K features optionsADVERTISING For more information on features please call Narelle Neville 8944 9841 Email nevillen@ntews.com.au 2 6 fg o p ti o n s 0 1 "Our beautiful harbour and extraordinary river systems provide some of the best fishing and recreational boating in the world. It's no wonder - "We have the highest recreational boat ownership per capita in Australia". If your in the boating business let's give Boaties the information they need to know and want to know. Your products and services whether it be in maintenance, sales of boats, equipment, insurance, refrigeration, safety management systems. Absolutely anything to do with boats. Publication Date: Sunday, January 10, 2009 Booking Deadline: Thursday, December 24, 2009 Sharon Fenton Telephone: 8944 9847 & Fax: 8981 2891 Email: fentons@ntnews.com.au Does your club need new members? Do you want to remind your existing members to rejoin? What does your club have to offer? Social outlet Health & fitness Academic Music Sporting & fun? Invest in this feature to promote your club. What you have to offer and price of membership for 2010. Publication Date: Tuesday, January 12, 2010 Booking Deadline: Tuesday, December 29, 2009 Sharon Fenton Telephone: 8944 9847 & Fax: 8981 2891 Email: fentons@ntnews.com.au 'Where shall we eat Casuarina Food Court of Course!' is a feature designed to promote the Casuarina Food Court and it's quality restaurants and cafes as a place to go during the school holidays with the family. Boost the profile of your restaurant and attract new diners. Perhaps offer a discount voucher to entice hungry families to your outlet. Publication Date: Friday January 8, 2010 Booking Deadline: Thursday December 24, 2009 Sharon Fenton Telephone: 8944 9847 & Fax: 8981 2891 Email: fentons@ntnews.com.au Where shall we eat Casuarina Food Court of Course Back in black for Qantas SYDNEY: Qantas Airways Ltd expects to post a pre-tax profit for the first half of 2009/10 as passenger numbers grow and yields pick up in the aftermath of the global recession. Themore encouraging picture has prompted the airline to lift domestic capacity on itsmainline Qantas operations fromMarch next year. The airline forecast a profit before tax of between awide band of $50 million and $150 million to December 31, 2009. BUSINESS Super funds take back ground MELBOURNE: Superannuation growth funds are on track to deliver double-digit returns of up to 12 per cent for calendar 2009 thanks to an equitymarket rally, according to superannuation research consultants. SuperRatings said the median balanced super fund option returned to positive growth in November, advancing 1.31 per cent for the month the eighth positive monthly return in the past ninemonths.Managing director Jeff Bresnahan expects total returns for calendar 2009 to be between 10 and 12 per cent a swift recovery on calendar year 2008s loss of 19.67 per cent. Pedal to themetal for new car sales READY TO ROLL: New cars parked on a international vehicle shipping terminal in Sydney, as motor vehicle sales pick up ByCOLINBRINSDEN in Canberra MOTOR vehicle sales raced to their highest level in 17 months in November, fuelled by small business taking advantage of a tax break that is due to come to a halt on December 31. The Federal Governments 50 per cent investment tax allowance has fuelled a massive turnaround in the fate of the automotive industry. The small business tax break is one of the great success stories of the economic stimulus, Small Business Minister Craig Emerson said yesterday. It has stimulated the economy while enabling small busi ness to invest in their future, and todays car sales figures confirm that policy is working. In November, a total 85,943 vehicles were sold, a 5.5 per cent seasonally adjusted increase on the previous month, Australian Bureau of Statistics (ABS) data released yesterday showed. Vehicle sales in the year to November soared by 15.8 per cent. A year earlier, in the 12 months to November 2008, vehicle sales had plunged by around 18 per cent, when the industry was gripped by the global financial crisis. Commonwealth Securities chief economist Craig James says he doesnt believe this new lease of life in the industry will end with the demise of the tax allowance. While there is the risk of hangover effects when the tax break ends later this month, a stronger job market and improved car affordability will provide fundamental support for cars sales over 2010, he said. Car sales have now risen in seven of the past eight months, the latest figures underpinned by a 13.9 per cent lift in sports utility or four-wheeldrive vehicles. While small business are stepping up to the buying plate right now, personal buyers are seemingly now also increasing purchases, National Australia Bank senior economist David de Garis said. Passenger vehicle sales were up 1.2 per cent in November and have risen every month since March. It means that vehicle sales should make positive contributions to both business investment and household consumption in the December quarter. There was also a minor positive for motorists with the latest Australian Institute of Petroleum report showing petrol prices were little changed in the past week. The national average for unleaded petrol fell for the first time in four weeks, easing 0.1 cents per litre to 122.1 cents. The metropolitan average price fell by 0.4 cents to 121.4 cents, while the regional price rose 0.4 cents to 123.4 cents. Hockeywants a read of tax review CANBERRA: The Federal Opposition says it should be offered a copy of the Henry Tax Review if there is to be a proper political debate on an overhaul of the nations tax system the first in 50 years. Treasury secretary and chairman of the review Ken Henry is due to hand over the review to the Government any day now, but the Government has said it wont be taking up any recommendations until early next year. The root and branch review has been 18 months in the making and has been scrutinising all three levels of government taxes federal, state and local government. Media speculation has been rife about what the review contains. But whatever is in the report, opposition treasury spokesman Joe Hockey said the Coalition should be given the opportunity to see it. We have been asking the Government to provide us with a copy of the Henry Tax Review, otherwise the Government ends up running a political agenda and not a real reform agenda, Mr Hockey told ABC Radio yesterday. They have senior public servants that have designed the report, and its going to be the same senior public servants that are going to write the Governments response which comes out in March or April. This, he said, would be too close to the election to be able to have a properly informed debate prior to the ballot. Depending which media outlet you read or listen to, the report is 500 or 1,000 pages in size more than enough reading material for Treasurer Wayne Swan to consider during the parliamentary summer recess. Centro scores loan extension SYDNEY: Centro Properties Group says noteholders have agreed to extend five loans worth $370 million and due to mature this month. As part of the extensions, about $45 million of the loan amount now will be repaid from the proceeds of asset sales, some $52 million will be extended to December 2010 and $273 million will be extended to December 2011, Centro says. The support from CMBS noteholders to extend the facilities demonstrates a degree of renewed confidence from the CMBS market in Australian retail property and the quality of centres owned by Centro funds, Centro chief executive Glenn Rufrano said.

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