Territory Stories

The Centralian advocate Fri 4 Oct 2019



The Centralian advocate Fri 4 Oct 2019


Centralian Advocate; NewspaperNT




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Community newspapers -- Northern Territory -- Alice Springs; Tennant Creek (N.T.) -- Newspapers; Alice Springs (N.T.) -- Newspapers.; Australia, Central -- Newspapers

Publisher name

Nationwide News Pty. Limited

Place of publication

Alice Springs

File type



Copyright. Made available by the publisher under licence.

Copyright owner

Nationwide News Pty. Limited



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Citation address


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CAVE01Z01MA - V1 TREASURER Josh Frydenberg has savaged the big banks for failing to pass on interest rate cuts in full to their customers. Opposition Leader Anthony Albanese has also joined the pile-on, labelling the lenders a disgrace. Interest rates have dipped below one per cent for the first time in Australian history, hitting a record low of 0.75 per cent. All eyes are now on lenders to pass on the cuts in full. As of Wednesday, the Commonwealth Bank and National Australia Bank have only passed on about half of the 25 basis point cut. Some of the smaller lenders have passed on the rate cut in full. The banks have a lot of explaining to do because this is very disappointing, Mr Frydenberg told the Nine Network on Wednesday. Customers should vote with their feet. Mr Albanese also gave the banks a spray. The banks need to pass on the interest rate cut in full and the government needs to do cellarbrations.com.au Cellarbrations supports the responsible service of alcohol. Not all varieties available in all stores. Some products may not be available in country stores due to Liquor Licencing Accords. No trade supplied. Pricing may vary in country or regional areas. Tobacco and alcohol not supplied to or for under 18s. E.& O.E. Images for advertising purposes only. Specials available from 04/10/2019 until 13/10/2019 or while stocks last! XXXX Gold Block Cans 375mL, Heineken Lager Stubbies 330mL, or Jim Beam White & Cola 4.8% Premix Cans 375mL all varieties available in all sto Accords. No trade supplied. P or for under 18s. E.& O.E. Ima /10/2019 until 13/10/ ckk CCans 375375 LmL, HHeiinekken eam White & Cola 4.8% Pr cellar me products may vary in advertising StSt bbubbubbiiesies 3333 LLL0mL0mL, Cans 375mL GRAND FINAL IS HERE. GAME ON. Cellarbrations Locations EASTSIDE IGA Lyndsay Avenue, Alice Springs FLYNN DRIVE IGA Flynn Drive, Alice Springs MILNER ROAD FOODTOWN Milner Road, Alice Springs NORTHSIDE IGA 3 Hearn Place, Alice Springs CB_JP_NT_Alice 30 Pack $47 ea 10 Pack $39 ea 24 Pack $49 ea the responsible service of alco country stores due to Liquor Lic as. Tobacco and alcohol not sup XXXXXXXXXX GX GX G or ns Locations gs FLYNN DRIVE IGA Flynn Drive, Alice 08 NEWS FRIDAY OCTOBER 4 2019 A proud part of Please contact us for further information: Bradshaw Preschool, Adamson Ave Alice Springs 8955 2100 bradshaw.school@ntschools.net 0000075697-01 Providing quality early learning experiences. The fi rst step on a learning journey at Bradshaw Primary School. We are now open for 2020 preschool enrolments. Orientation will be held early in Term 4, 2019 Please contact us for further information: Bradshaw Preschool, Adamson Ave Alice Springs 8955 2100 | bradshaw.school@ntschools.net (08) 8950 0500 alicesprings.nt.gov.au Public Information Sessions Parks Madigan, Rotorac & Tucker Parks Alice Springs Town Council has identified Madigan and Tucker Parks as requiring landscaping initiatives to reduce water usage and save on maintenance costs; plus, consider a proposal for Rotorac Park to become a dog off-leash exercise area. The following 45minute Public Information Sessions are residents opportunity to receive information and comment on park plans: Madigan Park, Braitling 5pm, Wednesday 23 October 2019 Rotorac Park, Braitling 5.45pm, Wednesday 23 October 2019 Tucker Park, Braitling 5.30pm, Thursday 24 October 2019 Please direct enquiries to Project Administration Ofcer, on 8950 0571. Decision by banks slammed Treasurer savages banks DANIEL MCCULLOCH & ANGUS LIVINGSTON something about it, he told reporters in Queensland. They cant just sit back as spectators while this occurs. The Australian Chamber of Commerce and Industry urged the banks to pass on the rate cut in full to lift spending on retail. Small businesses have been doing it tough over the past year. This has particularly affected discretionary spending in small retail businesses, including cafes and restaurants, chief executive James Pearson said. The Reserve Bank is already preparing to cut rates further if the economy remains stagnant. The record low of 0.75 per cent is the third cut this year, as the central bank tries to push the unemployment rate down and inflation and wage growth up. The RBA said in a statement that the economy still had spare capacity and lower interest rates would help make inroads into that. The board ... is prepared to ease monetary policy further if needed to support sustainable growth in the economy, full employment and the achievement of the inflation target over time, the RBA said.

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