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Category: Asia Pacific

  • MIL-Evening Report: Sex dolls and ‘Diddy’ costumes: the latest AFL drama shows Australian sport still can’t eradicate misogyny

    Source: The Conversation (Au and NZ) – By Stephanie Wescott, Lecturer in Humanities and Social Sciences, Monash University

    Disturbing details emerged this week about AFL men’s football team GWS’ end-of-year event, themed “controversial couples”.

    The AFL handed down a range of sanctions to the players involved, including fines and suspensions.

    While those defending the players have suggested their actions were lighthearted and in the spirit of the season-end celebration, research has established a connection between rape jokes and sexual assault.

    The AFL has a tarnished history when it comes to players perpetrating violence against women.

    Despite pledging support for ending gender-based violence in Australia, this incident proves problematic cultural problems persist within AFL clubs.

    What happened?

    Following an anonymous tip-off to GWS management, it was revealed a number of players engaged in sexist, racist and degrading acts during an end-of-season event.

    Player Josh Fahey dressed up as former NRL player Jarryd Hayne and “simulated inappropriate acts on a sex doll.”

    Hayne was sentenced to four years and nine months prison for raping a woman on the night of the 2018 NRL grand final but was released earlier this year after his convictions were overturned.

    Players Connor Idun and Lachie Whitfield performed a skit involving slavery, while another pair simulated the September 11 terrorist attack on the Twin Towers.

    It has also been reported a sketch involving Sean “Diddy” Combs — an American rapper currently jailed on charges of racketeering, sex trafficking and transportation — was performed.

    Scholars and activists are working tirelessly to change public perceptions around violence against women. Jokes and skits themed around violence and sexual assault are harmful because they trivialise the immense harm gendered violence causes women and children.

    The AFL’s woman problem

    There are many historic examples of AFL players and athletes of other codes acting violently and disrespectfully towards women.

    Numerous current and former players, who have faced criminal charges for assaults and sexual violence towards women, have been allowed to continue playing or retain their status as celebrated players.

    Current AFL player Jordan De Goey has faced sexual assault allegations, and was briefly stood down by his club in 2021 after being charged with assault in the United States.

    He pleaded guilty to harassment and in 2022, Collingwood extended De Goey’s contract for five years.

    Recently, one of the AFL’s greatest former players, Wayne Carey, was set to be inducted as a legend in the New South Wales Football Hall of Fame, despite having a number of charges for assaulting women. However, the AFL did eventually block the move after public outcry.

    The AFL, and parts of the media, often distinguish players’ violence against women from their achievements on the field. This allows men to continue playing or repair their public image.

    It also sends a message that misogyny and violence against women are tolerated as long as the perpetrator’s talent provides value to the sport.

    The impact of athletes

    In the case of the GWS players, the AFL’s sanctions indicate the code’s willingness to take a stance on breaches of conduct.

    However, that the players believed their costumes and skits were acceptable in the first place indicates deep-seated issues in attitudes towards women.

    In each of the costume examples, sexual and racial violence formed key elements of the “joke”, indicating the AFL’s education and training on equity and diversity is not working.

    The general public tends to have high expectations of athletes’ behaviour due to their position as role models.

    It is often suggested that boys and young men require positive role models and that AFL players fit the bill, although research is not clear on whether the gender of supportive adults is relevant.

    At the moment, there is significant concern within the community about the influence of dangerous misogynist influencers on boys’ attitudes and behaviour towards women.

    Research suggests that while some young men have the skills to be critical about the messages they receive about violence and sexism, they still experience pressure to live up to restrictive rules on what it means to be a “real man.”

    Many Australians highly value AFL players’ skills and abilities on the field. This admiration and respect can also extend to their off-field lives.

    But it doesn’t mean AFL players are beyond reproach.

    More needs to be done

    The impacts of men’s violence on their victims are horrific and myriad.

    This year, the AFL partnered with Our Watch – a national leader in the primary prevention of violence against women and their children – to provide training to players and clubs and help them understand:

    • the link between gender inequality and violence against women
    • the role of sport in promoting gender equality
    • and what players can do to be active allies including taking action when they see or hear disrespect.

    While this is promising, this education must result in changed behaviour, attitudes and accountability.

    The Australian government has recently labelled violence against women a “national emergency”. Major sporting codes need to take a leading role in addressing it.

    It’s time for the AFL to honestly confront their problems with misogyny and violence against women.

    Stephanie Wescott receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS)

    – ref. Sex dolls and ‘Diddy’ costumes: the latest AFL drama shows Australian sport still can’t eradicate misogyny – https://theconversation.com/sex-dolls-and-diddy-costumes-the-latest-afl-drama-shows-australian-sport-still-cant-eradicate-misogyny-241562

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Hamas leader Yahya Sinwar’s death is a defining moment, but it will not end the war

    Source: The Conversation (Au and NZ) – By Ian Parmeter, Research scholar, Middle East studies, Australian National University

    The death of Hamas leader Yahya Sinwar, one of the masterminds behind the group’s horrific October 7 2023 attack on southern Israel, is no doubt a consequential moment in Israel’s year-long war against Hamas.

    But is it a turning point?

    Israeli Prime Minister Benjamin Netanyahu said Sinwar’s killing – long a major objective of the Israel Defense Forces (IDF) – would signal the “beginning of the end” of the war. But he made clear the war is not over.

    In fact, Benny Gantz, a former defence minister and member of the war cabinet, said the IDF would continue to operate in Gaza “for years to come”.

    So, what exactly will be the impact of Sinwar’s death?

    Does this change anything?

    Sinwar’s death does change at least one aspect of the war. He was an iconic figure, for better or worse, for Palestinians. He was seen as someone who was taking the fight to Israel.

    With Sinwar still alive and Hamas hitting back at Israel’s war in Gaza, the group was actually increasing in popularity.

    Opinion polling in late May showed support for Hamas among Palestinians in the Occupied Territories had reached 40%, a six-point increase from three months earlier. Support for the Palestinian Authority, which controls the West Bank, was about half that.

    Sinwar’s demise changes the face of Hamas. It could be a major turning point if Hamas is unable to replace him with a leader as strong as he was.

    One of the names being discussed is Khaled Mashal, the former head of Hamas’ political office who still remains influential in the organisation.

    This moment offers an opportunity for a new Hamas leader to seek a ceasefire with Israel and an end to the horrific conditions in which Gazans are living. But there’s still the question of whether Sinwar’s death achieves Israel’s war objectives.

    What would constitute a victory for Netanyahu?

    The main issue is that Netanyahu’s war aims have not yet been achieved:

    • the elimination of Hamas as a fighting force and a danger to Israel

    • the freeing of the roughly 100 Israeli hostages still believed to be held in Gaza, as many as half of whom may now be dead

    • the re-establishment of deterrence with Hezbollah in Lebanon to allow the 60,000 Israelis who have been evacuated from northern Israel to return home.

    Although the killing of Sinwar is a major step towards restricting Hamas’ ability to maintain its war against the IDF in Gaza, Israeli soldiers still face some very significant problems there.

    Over the past year, Hamas has morphed from an organised fighting force into guerrilla mode, which makes its fighters much more difficult to eliminate completely.

    The classic methodology for dealing with a guerrilla force is “clear, hold and build”. This means you clear an area of the enemy, put troops in to hold the area, and then build an environment in which the enemy can’t re-establish itself.

    Israel can certainly do the “clearing” and “holding”, but has not been able to build an environment in which Hamas can no longer operate.

    Israeli journalists who have been embedded with Israeli forces have made the point that Hamas operatives are returning to areas that were previously cleared by the IDF, in part due to the group’s extensive tunnel network.

    Other complications for Netanyahu

    Another issue for Netanyahu is that right-wing members of his cabinet have threatened to resign from his governing coalition if he agrees to a ceasefire before Hamas is destroyed as a fighting force. They believe Hamas could use a ceasefire to regroup and re-establish itself as a serious threat to Israel.

    At the same time, Netanyahu is also facing increasing pressure over the fate of the hostages. If there isn’t a ceasefire and negotiations to release them, their families and supporters will continue the large demonstrations they have been staging in Israel in recent months. They are desperate to get back any hostages who may still be alive and the remains of those who have died.

    Netanyahu is also still weighing Israel’s promised retaliation against Iran for its missile attack against the Jewish state in early October.

    If Israel does launch a major strike, what does Iran do in response? Iran’s problem is that it had always relied on a strong Hezbollah in Lebanon to be able to respond to Israel militarily on its behalf. And now it seems to have lost that as Hezbollah has been significantly weakened in recent weeks.

    The US sees a potential off-ramp

    Another aspect, of course, is where the United States stands on this. The US has made clear it sees Sinwar’s death as being an off-ramp for Israel in Gaza – it can claim a major strategic victory and essentially agree to a ceasefire.

    In recent weeks, the US has also given Israel an ultimatum, saying if there isn’t an improvement in the amount of humanitarian aid going into Gaza by the end of November, it will cut off some military aid to Israel.

    The Democrats want the war to end as soon as possible, because while it’s on the front pages of US newspapers, it divides the party and could encourage some voters not to come out and vote in the presidential election.

    So it’s very important for the Democratic candidate, Vice President Kamala Harris, that there be a ceasefire as soon as possible. She said as much in her remarks today:

    Hamas is decimated and its leadership is eliminated. This moment gives us an opportunity to finally end the war in Gaza.

    The problem, however, is that Netanyahu has shown in the past he is prepared to go against US wishes whenever it suits him. And a ceasefire does not suit his purposes at this point.

    Given Republican nominee Donald Trump’s steadfast support for Netanyahu, the Israeli leader would also be more than happy to see him return to the White House.

    What’s most likely to happen

    Taking all of these factors into account, Netanyahu is likely to prioritise keeping his government together.

    As such, he will be more guided by its very right-wing members – Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir – than by the US or the families of the hostages.

    AFter Sinwar’s death, Smotrich said the IDF “must increase intense military pressure in the Strip”, while Ben Gvir called on Israel to “continue with all our strength until absolute victory”.

    So at this stage, it seems likely the war will continue until Netanyahu can say Hamas has been destroyed as a fighting force. That is what his cabinet is demanding to achieve the government’s war aims.

    Ian Parmeter does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Hamas leader Yahya Sinwar’s death is a defining moment, but it will not end the war – https://theconversation.com/hamas-leader-yahya-sinwars-death-is-a-defining-moment-but-it-will-not-end-the-war-241666

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: The Enemy Within: Navigating the Evolving Landscape of Insider Threats

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, UAE, Oct. 18, 2024 (GLOBE NEWSWIRE) — In today’s interconnected digital world, organizations face a multitude of cybersecurity challenges, with insider threats posing a significant risk. These threats, whether malicious or unintentional, pose a significant risk to organizations of all sizes and industries.

    The Evolving Nature of Insider Threats

    Traditionally, insider threats were often disgruntled employees or those motivated by personal gain. However, the landscape has shifted. State-sponsored actors, and sophisticated hacking groups are now actively planting threat actors inside of target organizations. This new breed of insider threat is patient, highly skilled, and often backed by substantial resources.

    Recently, KnowBe4 inadvertently hired a North Korean threat actor who attempted to infiltrate the organization by posing as a software engineer. Thanks to our strong security protocols and the vigilance of the InfoSec team, they were exposed within 25 minutes of showing suspicious activities during onboarding, preventing any unauthorized access to systems.

    Incidents like these underscore a well-known and widespread tactic employed by North Korean threat actors. This was confirmed later when we shared the collected data with the FBI and cybersecurity experts at Mandiant. It’s a reminder that in cybersecurity, information sharing is crucial.

    Other recent incidents across various industries have also highlighted this growing trend. Organizations have found themselves unknowingly hiring individuals with malicious intent. These threat actors often pose as legitimate job seekers, using stolen or fabricated identities, and leveraging advanced technologies like AI to create convincing personas.

    The Modern Insider Threat

    Today’s insider threats are mostly characterized by:

    • Sophisticated Identity Theft: Using stolen identities complete with verifiable background information.
    • Advanced Technology: Employing AI-generated images and deep fake technology to bypass visual verifications.
    • Social Engineering: Expertly navigating interview processes and social interactions within the organization.
    • Technical Skills: Possessing genuine skills to perform job functions while covertly pursuing malicious objectives.
    • Patience and Persistence: Willing to invest significant time to gain trust and access within an organization.

    The Stakes Are Higher Than Ever

    The potential damage from insider threats extends far beyond data breaches or financial losses. These threat actors can:

    • Exfiltrate sensitive data
    • Sabotage critical infrastructure
    • Manipulate financial systems
    • Compromise national security
    • Damage brand reputation and erode customer trust

    Mitigating Insider Threats

    To combat this evolving threat, organizations must adopt a multi-faceted approach:

    • Enhanced Vetting Processes: Implement rigorous background checks, including cross-referencing multiple sources.
    • Continuous Monitoring: Employ advanced behavioral analytics and anomaly detection systems.
    • Zero Trust Mindset: Adopt a “never trust, always verify” approach to access control.
    • Security Awareness Training: Educate all employees about the signs of insider threats and reporting suspicious behavior.
    • Regular Security Audits: Conduct frequent assessments of access privileges and system vulnerabilities.
    • Incident Response Planning: Develop and regularly test plans for quickly containing potential insider threats.
    • Cross-Departmental Collaboration: Foster close cooperation between HR, IT, and security teams to create a unified defense.

    The Path Forward

    As insider threats evolve, organizations must adopt a holistic strategy combining technology with human vigilance. Building a culture of security awareness is crucial, empowering employees to act as human firewalls. Information sharing within industries and with law enforcement is vital, as collaboration is key to combating these sophisticated threats. 

    Conclusion

    The fight against insider threats is an ongoing process of adaptation, learning, and vigilance. In this new era of cybersecurity, our greatest assets are our people, our processes, and our willingness to evolve. By harnessing these strengths, we can create resilient organizations capable of withstanding the threats that lie within.

    To learn more about how you can protect your organization, read the KnowBe4 whitepaper on the topic here.

    By Dr. Martin J. Kraemer, Cybersecurity Awareness Advocate at KnowBe4

    The MIL Network –

  • MIL-OSI Australia: $4.67 million invested in NDIS knowledge and skills

    Source: Ministers for Social Services

    The Albanese Government has committed $4.67 million in new grants which go towards improving the knowledge and skills of National Disability Insurance Scheme (NDIS) participants, providers and workers.

    These new Knowledge and Skill Development grants have been made available through the Support for NDIS Providers Grants Program. The grants were highly competitive and oversubscribed with around 500 applications made. Of these, there were 14 successful applications that were assessed to have strongly met the assessment criteria and objectives of the grant.

    Minister for the NDIS, the Hon. Bill Shorten MP, says the grant funding will go towards 14 initiatives with local and national reach and benefit people with disability across Australia.

    “These grants will deliver community-led initiatives that will be co-designed and delivered with people with disability to achieve better outcomes,” Minister Shorten said.

    “People with disability have the right to access the information and tools they need to make sure they are respected when they engage with NDIS providers. By investing in these initiatives, we can better support people with disability to access quality and safe NDIS supports and services.”

    The 14 funded national and state organisations include:

    National

    • Ausmed Education Pty Ltd awarded $499,527.26 to (excl GST) fund the ‘Know My Rights: The NDIS National Microlearning Platform’.
    • Autism STEP Australia Pty Ltd awarded $146,000.00 (excl GST) to fund the ‘Empowering Autistic and LGBTQIA+SB Youth (16–25-year-olds) through Accessible NDIS Resources’ project.
    • Divergent Matters Pty Ltd awarded $149,300.00 (excl GST) for the ‘Inclusive Futures: Advocating for Children’s Rights in Disability Services project’.
    • Down Syndrome Australia awarded $192,760.00 (excl GST) to fund the ‘Supporting My Rights’ project, with a focus on children and young people with Down Syndrome.
    • Endeavour Foundation Limited awarded $500,000.00 (excl GST) for the ‘Thrive: Rights and Advocacy’ project.
    • Extended Families Australia awarded $272,788.82 (excl GST) to fund the ‘The Bridge to Rights Program’ for culturally and linguistically diverse children and young people.
    • Mcried Living Pty Ltd awarded $147,391.28 (excl GST) for the ‘MyRights Awareness Remote Disability Campaign’, with a focus on Aboriginal and Torres Strait Islander and rural and remote participants.
    • Noah’s Ark Inc. awarded $237,826.00 (excl GST) for the ‘From Bystanders to Changemakers: Supporting Child Agency’ project.

    WA

    • Advocacy WA Incorporated awarded $492,483.00 (excl GST) to fund the ‘Your Rights, Your Supports, Your Service – NDIS Services and Supports’ project.
    • Developmental Disability Council of Western Australia Inc awarded $497,250.00 (excl GST) for the ‘Voice and Choice: A Communication Rights project’.

    QLD

    • Institute for Urban Indigenous Health awarded $500,000.00 (excl GST) to fund ‘Yarnin’ through Your NDIS’.

    VIC

    • Sunbury Community Health Centre Ltd awarded $356,709.48 (excl GST) to fund the ‘My Story’ project.
    • Victorian Advocacy League for Individuals with Disability (VALID) Inc awarded $494,180.93 (excl GST) for the ‘Speaking Out, Skilling Up’ project.

    SA

    • Unity Housing Company Limited awarded $189,500.00 (excl GST) to fund the ‘CoCreate: SDA Futures’ project.

    The Support for NDIS Providers Grants Program is administered by the NDIS Commission, the independent Commonwealth agency responsible for improving the quality and safety of NDIS supports and services.

    For more information about the NDIS Commission and the grants program, visit http://www.ndiscommission.gov.au/grants.

    MIL OSI News –

  • MIL-OSI Australia: Interview with Laura Jayes, Sky News

    Source: Australian Ministers 1

    LAURA JAYES, HOST: One of the biggest issues you’re engaged in at the moment, especially if you’re a parent, is social media, and where it should be banned, at what age. The Government is working on this. Joining me now is the Communications Minister, Michelle Rowland. She’s here in the studio with me. We talk about this a lot. We’ve been discussing how at school pickup this is being discussed widely. There’s a lot of pressure on parents at the moment. It’s not about outsourcing, parenting. Where we’re trying to land now, at the moment, particularly from the Government’s perspective, is what the age is, what the age limit is.
     
    MICHELLE ROWLAND, MINISTER FOR COMMUNICATIONS: That’s right. And we’re working through that now, Laura. There’s a wide variety of views about what that minimum age should be. But it’s been a really useful conversation that’s been going on in the Australian community, also with experts, and at the Social Media Summit that I attended last week, jointly hosted by South Australia and New South Wales.
     
    There’s a couple of things I’ll say: the first is we’ve released our legislative design principles because we will introduce legislation this year to introduce a mandatory minimum age for accessing social media. And part of that legislative design includes putting the onus on the platforms, not on parents or children. Parents and children won’t be subject to penalties. These will rest on the digital platforms to demonstrate that they are enforcing this minimum age, and the eSafety Commissioner will be responsible for oversight and enforcement. And, this is a really important point – we’ve already got a framework in place to be able to do this. We’re not starting from scratch.
     
    Governments and regulators around the world are grappling with the issue, and I’m sure your viewers recognise that social media has many benefits, but the harms need to be addressed, particularly as they apply to children.
     
    JAYES: Yeah.
     
    ROWLAND: The second point about the age: people will say to me, the really important value here is normative. It’s not saying how you should parent or judging parenting, it’s giving parents a guide, giving parents some normative value there about saying this is what government has determined based on the research they’ve done- based on the evidence is reasonable.
     
    And parents are exhausted. They’re exhausted trying to keep up with the demands of parenting and having this second generation of digital natives. So, I think that is where the value in this will lie, in addition to actually keeping children safer online, but also, as we’ve seen from the mobile phone ban in schools, exposing them to things beyond looking at a screen all the time.
     
    JAYES: Yeah, and this is a first generation of young children whose lives are lived through social media, more than they are in real life, in many ways. And the evidence is overwhelming, isn’t it? When you look at the rates of depression, suicide ideation and just general anxiety, it comes down to social media and the digital influence in our lives. So, when you say you’re going to introduce legislation that will happen towards the end of the year, so end of November – that’s the last couple of sitting weeks before Christmas. And you will have an age there?
     
    ROWLAND: That’s correct.
     
    JAYES: In that legislation.
     
    ROWLAND: And we are looking forward to support across the Parliament with this.
     
    JAYES: Have you decided on that, but don’t want to tell us yet? Or …
     
    ROWLAND: No, we’re working through this. And, as I said, there’s a variety of ages. We’re looking at a range between 13 and 16 …
     
    JAYES: Okay. So, 13 … that’s, a new age, because usually the argument’s around 14 and 16. Michelle, could you take us through- you know, it doesn’t seem like- it’s only three years. So, what are the arguments and the difference in the arguments between those ages?
     
    ROWLAND: They’re twofold, if I can summarise: the first is based around children’s development- physical and emotional development. So, puberty obviously, and there’s different responses to different people. We all know that. But secondly, there are also differences based on gender as well. And in terms of the platforms actually being able to recognise and enforce, we’re doing our age assurance trial at the moment, and we know that some of those technologies actually have differentiators in them, depending on even things like ethnicity. So, we have to take these different factors into account.
     
    JAYES: So this is down to face recognition?
     
    ROWLAND: Yes, and some …
     
    JAYES: And that children, particularly boys, sometimes can look older than their years.
     
    ROWLAND: Sometimes, depending on gender and depending on ethnicity, there can be variances in that.
     
    JAYES: Yeah. So, you’ve got to take that all into consideration in this legislation?
     
    ROWLAND: That’s correct. And I think I should also point out, Laura, when this is legislated, and we certainly hope that this will be legislated without delay, is that this won’t protect every child from every harm, every minute that they are online. But it’s going to make a difference. And I think that is what Australians are looking for. The alternative is to do nothing, and we’re just not prepared to take that course.
     
    JAYES: Okay. Let me ask you finally about this Channel Nine culture review. This is a long time coming. There are 22 recommendations. A lot of it’s historic, to be honest. And it’s put on the shoulders of people that are no longer at Channel Nine. Is this review acceptable to you? And is the response acceptable?
     
    ROWLAND: Firstly, this has exposed a very serious cultural issue within Nine. And we know that there’s other parts of the media who have been similarly infected by bad behaviours. Our public broadcaster is a case in point when it comes to racism.
     
    But I think what the public is looking for, and what these impacted employees are looking for, is delivery. It’s one thing to identify the problems, and it is useful that has been done and that has been made transparent now. But what people will want to see is deliverables, milestones, actual commitments, what sort of mechanisms are going to be put in place.
     
    We’re talking about the Fourth Estate here. And when you have a private sector organisation where, I think I was watching your show earlier, over 60 per cent of the complaints were around sexual harassment. No good corporate citizen would stand for that. And the fact that it has reached that level shows the seriousness of it.
     
    So, the key point here will be delivery. And I’m saying that as someone who comes from a sector where we have had our own issues and continue to implement change. Change has to happen because the Fourth Estate is fundamental to our democracy.
     
    JAYES: So, what happens if it doesn’t, because often you see these reports as big promises made. Cultural change takes time. I mean, the Government, you, for example, don’t have any power to intervene in a private sector or at a private company like Channel Nine, do you?
     
    ROWLAND: Well, the fact is, if there are crimes being committed here as well, and they’ve been reported, then that’s incumbent on Government. Government can always (take) its own actions where it sees the need to either investigate or potentially make legislative change.
     
    But I think what everyone would want to see here, Laura, is a media company acting in the best interests of not only their employees, but also their product. This is free-to-air broadcasting. It’s stable, free and ubiquitous. Any Australian can get it, but we want to see a media sector that is strong in terms of its culture. Clearly it needs to change in many aspects, and there have been reports, as I said, across the board, including in our public broadcaster, and I think the Australian people will want to see deliverables from here on.
     
    JAYES: I think so too. Michelle, thanks so much for your time. Great to see you.
     
    ROWLAND: Pleasure.

    MIL OSI News –

  • MIL-Evening Report: Could a recent ruling change the game for scam victims? Here’s why the banks will be watching closely

    Source: The Conversation (Au and NZ) – By Jeannie Marie Paterson, Professor of Law, The University of Melbourne

    Meteoritka/Shutterstock

    In Australia, it’s scam victims who foot the bill for the overwhelming majority of the money lost to scams each year.

    A 2023 review by the Australian Securities and Investment Commission (ASIC) found banks detected and stopped only a small proportion of scams. The total amount banks paid in compensation paled in comparison to total losses.

    So, it was a strong statement this week when it was revealed the Australian Financial Conduct Authority (AFCA) had ordered a bank – HSBC – to compensate a customer who lost more than $47,000 through a sophisticated bank impersonation or “spoofing” scam.

    This decision was significant. An AFCA determination is binding on the relevant bank or other financial institution, which has no direct right of appeal. It could have implications for the way similar cases are treated in future.

    The ruling comes amid a broader push for sector-wide reforms to give banks more responsibility for detecting, deterring and responding to scams, as opposed to simply telling customers to be “more careful”.

    Here’s what you should know about this landmark ruling, and what it might mean for consumers.



    Read more:
    Australia’s new scam prevention draft is welcome – but it needs to be broader in scope

    A highly sophisticated ‘spoofing’ scam

    You might be familiar with “push payment” scams that trick the victim into paying money to a dummy account. These include the “mum I’ve lost my phone” scam and some romance scams.

    The recent case concerned an equally noxious “bank impersonation” or “spoofing” scam. The complainant – referred to as “Mr T” – was tricked into giving the scammer access to his HSBC account, from which an unauthorised payment was made.

    The victim was duped into providing passcodes to access his online banking account.
    tsingha25/Shutterstock

    The scammer sent Mr T a text message, purportedly asking him to investigate an attempted Amazon transaction.

    In an effort to respond to the (fake) unauthorised Amazon purchase, Mr T revealed security passcodes to the scammer, enabling them to transfer $47,178.54 from his account and disappear with it.

    The fact Mr T was dealing with scammers was far from obvious – scammers had information about him one might reasonably expect only a bank would know, such as his bank username.

    On top of this, the scam text message appeared in a thread of other legitimate text messages that had previously been sent by the real HSBC.

    AFCA’s ruling

    HSBC argued to AFCA that having to pay compensation should be ruled out under the ePayments Code, a voluntary code of practice administered by ASIC.

    Under this code, a bank is not required to compensate a customer for an unauthorised payment if that customer has disclosed their passcode. The bank argued the complainant had voluntarily disclosed these codes to the scammer, meaning the bank didn’t need to pay.

    AFCA disagreed. It noted the very way the scam had worked was by creating a sense of urgency and crisis. AFCA considered that the complainant had been manipulated into disclosing the passcodes and had not acted voluntarily.

    AFCA awarded compensation covering the vast majority of the disputed transaction amount, lost interest charged to a home loan account, and $5,000 towards Mr T’s legal costs.

    It also ordered the bank to pay compensation of $1,000 for poor customer service in dealing with the matter, including communication delays.

    Other cases may be more complex

    In this case, the determination was relatively straightforward. It found Mr T had not voluntarily disclosed his account information, so was not excluded from being compensated under the ePayments Code.

    However, many payment scams fall outside the ePayments Code because they involve the customer directly sending money to the scammer (as opposed to the scammer accessing the customer’s account). That means there is no code to direct compensation.

    Still, AFCA’s jurisdiction is broader than merely applying a code. In considering compensation for scam losses, AFCA must consider what is “fair in all the circumstances”. This means taking into account:

    • legal principles
    • applicable industry codes
    • good industry practice
    • previous AFCA decisions.

    Relevant factors might well include whether the bank was proactive in responding to known scams, as well as the challenges for individual customers in identifying scams.

    Broader reforms are on the way

    At the heart of this determination by AFCA is a recognition that, increasingly, detecting sophisticated scams can be next to impossible for customers, which can mean they don’t act voluntarily in making payments to scammers.

    Similar reasoning has informed a range of recent reform initiatives that put more responsibility for detecting and responding to scams on the banks, rather than their customers.

    In 2023, Australia’s banking sector committed to a new “Scam-Safe Accord”. This is a commitment to implement new measures to protect customers, including a confirmation of payee service, delays for new payments, and biometric identity checks for new accounts.

    Tech platforms – including social media giants – would have to take more proactive steps against scams under proposed new legislation.
    Primakov/Shutterstock

    Changes on the horizon could be more ambitious and significant.

    The proposed Scams Prevention Framework legislation would require Australian banks, telcos and digital platforms to take reasonable steps to prevent, detect, report, disrupt and respond to scams.

    It would also include a compulsory external dispute resolution process, like AFCA’s, for consumers seeking compensation for when any of these institutions fail to comply.

    Addressing scams is not just an Australian issue. In the United Kingdom, newly introduced rules make paying and receiving banks responsible for compensating customers, for scam losses up to £85,000 (A$165,136), unless the customer is grossly negligent.

    Jeannie Marie Paterson has previously received funding from the Australian Research Council and conducted research for ASIC and AFCA. She is currently working on a project on AFCA determinations with Dr Nicola Howell and Evgenia Bourova. The scams research has been assisted by Andrew Lim.

    Nicola Howell has previously conducted funded research for ASIC and is currently working on a project on AFCA determinations with Professor Jeannie Paterson and Evgenia Bourova. Nicola is affiliated with the Consumers’ Federation of Australia, as a member of the CFA Executive.

    – ref. Could a recent ruling change the game for scam victims? Here’s why the banks will be watching closely – https://theconversation.com/could-a-recent-ruling-change-the-game-for-scam-victims-heres-why-the-banks-will-be-watching-closely-241558

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: Revised Code of Practice for Bamboo Scaffolding Safety to take effect tomorrow

    Source: Hong Kong Government special administrative region

    Revised Code of Practice for Bamboo Scaffolding Safety to take effect tomorrow
    Revised Code of Practice for Bamboo Scaffolding Safety to take effect tomorrow
    ******************************************************************************

         ​The revised Code of Practice for Bamboo Scaffolding Safety (CoP) will officially take effect tomorrow (October 19). The CoP was gazetted on April 19 this year, and a grace period of six months was provided to allow the industry to have sufficient time to understand and prepare for the revised requirements.     During this grace period, the Labour Department (LD) has strengthened its publicity and promotion, as well as education and training through various channels to facilitate the industry’s better understanding of the content of the CoP. These include disseminating relevant information through the LD website, the “OSH 2.0” mobile application and various mass media. In addition, a new “Work Safety Alert” animation specifically targeting truss-out bamboo scaffolds (TOS) has been produced. Relevant content has also been incorporated into the Mandatory Basic Safety Training Course (Construction Work) (commonly known as the “Green Card”) and occupational safety and health (OSH) training courses organised by the LD. The LD has also co-organised with relevant organisations to conduct a series of talks and seminars and launch new television promotional videos to further explain the major revisions of the CoP.     The major revisions of the CoP include enhancing technical requirements for the bracings, putlogs and access and egress of bamboo scaffolds; prohibiting unauthorised alteration of bamboo scaffolding including putlogs; further specifying the requirements of supervising work of competent persons to the bamboo scaffolders who perform erection, addition, alteration or dismantling of bamboo scaffolds and inspection prior to inclement weather; and requiring all workers who perform erection, addition, alteration or dismantling of TOS to hold a valid certificate of “Advanced Level Truss-out Scaffolder Safety Training” or “Intermediate Level Truss-out Scaffolder Safety Training” issued by the Construction Industry Council before performing specified work.     A spokesperson for the LD said, “After the commencement of the revised CoP, the LD will continue to strengthen area patrols in the coming period to combat violations of scaffolding operations in renovation, maintenance, alteration and addition works. The inspection focuses include whether the erection, addition, alteration or dismantling of TOS is conducted under the immediate supervision of a competent person; whether the bamboo scaffolders of TOS hold valid certificates; whether suitable fall protection equipment and systems are provided and properly used by bamboo scaffolders; and the stability of the scaffolding. If any violations of the OSH legislation are detected, stringent enforcement actions will be taken immediately, including issuing suspension notices and improvement notices and initiating prosecutions without prior warning.”     Under the general duty provisions of the Occupational Safety and Health Ordinance, employers are obligated to provide safe working environments, plant and system of work for their employees. Those who contravene the relevant provisions with serious circumstances are subject to a maximum fine of $10 million and imprisonment for two years.     The revised CoP can be downloaded from the LD website http://www.labour.gov.hk/eng/public/content2_8b.htm. Enquiries about the CoP can be made at 2559 2297.

     
    Ends/Friday, October 18, 2024Issued at HKT 12:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Tender for third operation and management contract of Light Public Housing invited

    Source: Hong Kong Government special administrative region

    Tender for third operation and management contract of Light Public Housing invited
    Tender for third operation and management contract of Light Public Housing invited
    **********************************************************************************

         ​The Housing Bureau (HB) today (October 18) invites tenders for the third operation and management contract of Light Public Housing (LPH), and encourages capable and experienced organisations to participate actively.           The project is located at Tsing Fuk Lane, Tuen Mun (i.e. Tuen Mun Area 3A), providing about 1 900 units, with intake tentatively scheduled in the fourth quarter of next year. Same as the previous two contracts, the scope of operation and management services mainly cover occupant management, property management, daily maintenance, as well as the provision of social services, and the management and operation of ancillary facilities, etc. To encourage participation of different stakeholders in the community, the HB welcomes tenders from all capable and experienced service providers, including non-government organisations and those with a valid property management company licence, or a collaboration between them.           To ensure service quality, the HB will carry out a technical assessment based on a series of factors, including management capability, relevant experience and past service performance of the organisations, as well as the proposed modes of operation and management, social service support to be provided, feasibility of an exit plan and use of innovation and information technology as stated in their proposals, etc such that the facilities and services of LPH can meet the needs of the residents and the local community. The tender price will then be evaluated to form a consolidated assessment to decide on the most suitable organisation for operating LPH.           A spokesman for the HB said, “LPH could fill the short-term gap of public housing supply, and improve the living conditions and quality of life of people living in inadequate housing as soon as practicable. Construction of a number of projects has already commenced. The first LPH project located at Yau Pok Road, Yuen Long, which provides about 2 100 units, will be completed with tenant intake in the first quarter of next year. Its operation and management contract has been awarded to the Pioneer Management Limited – Tung Wah Group of Hospitals Joint Venture. The second operation and management contract of LPH, which covers the two LPH projects at Choi Hing Road and Choi Shek Lane, Ngau Tau Kok (i.e. the former St Joseph’s Anglo-Chinese School), which provide about 2 290 and 148 units respectively, is expected to be awarded soon. Their tenant intake is anticipated in the second quarter of next year and the first quarter of 2026 respectively. We hope that experienced and aspirational organisations can continue to actively participate in the tender exercise and join hands with us in this large-scale social project.”           Interested organisations may download the tender documents via the relevant tender notice on the HB’s website (www.hb.gov.hk) or from the e-Tendering System; or contact the Dedicated Team on Light Public Housing under the HB for obtaining the tender documents. The Tender Reference is HB2024/OPR-LPH-TFL.           Tenderers must submit the tenders by noon on December 6, 2024 (Friday), either electronically via the e-Tendering System or by deposit in the Government Secretariat Tender Box situated at Lobby of the Public Entrance on Ground Floor, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar. Late tenders will not be accepted.

     
    Ends/Friday, October 18, 2024Issued at HKT 12:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Waste Disposal (Amendment) Bill 2024 gazetted today

    Source: Hong Kong Government special administrative region

    Waste Disposal (Amendment) Bill 2024 gazetted today
    Waste Disposal (Amendment) Bill 2024 gazetted today
    ***************************************************

         The Waste Disposal (Amendment) Bill 2024 (Amendment Bill) was published in the Gazette today (October 18), for implementing the relevant amendments to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal (Basel Convention) on the control of transboundary movements of electrical and electronic waste (EEW) and their proper management in Hong Kong.           A spokesman for the Environment and Ecology Bureau indicated that the Conference of the Parties to the Basel Convention adopted the amendments to the Basel Convention in June 2022. The amendments, which will take effect from January 1, 2025, expand the control scope of the Basel Convention from hazardous EEW to all EEW. From then, the export of all EEW may only be allowed if the state of import and state(s) of transit, if any, have given their prior consent. The objective is to ensure EEW undergoing transboundary movement is properly managed in the state of import, thereby protecting the local environment and public health.           The spokesman said, “The amendments to the Basel Convention will enter into force in our country on January 1, 2025, and apply to Hong Kong. Therefore, we shall amend the Waste Disposal Ordinance (Cap. 354) (WDO) to expand the scope of import and export control to cover all EEW under the permit control system, with a view to aligning with national policy and complying with the requirements under the Basel Convention alongside with our country.”           To facilitate the trade to adapt to the new control, the Environmental Protection Department (EPD) has been actively explaining the implementation details and providing suitable assistance to the trade. Subject to the passage of the Amendment Bill by the Legislative Council (LegCo), a six-month phasing-in period will be put in place once the amendments to the WDO become effective. During the phasing-in period, the EPD will exercise discretion when it handles non-compliance matters. At the same time, the EPD will continue to facilitate trade compliance through further publicity and educational efforts.           The Amendment Bill will be introduced into the LegCo for first and second readings on October 30. The Government will fully complement the work of the LegCo in scrutinising the bill, and hope that the LegCo will support and approve the Amendment Bill. Subject to its passage, the relevant legislative amendments will take effect on January 1, 2025, to align with the effective date of the amendments to the Basel Convention which will be the same date when the country implements the requirement.   

     
    Ends/Friday, October 18, 2024Issued at HKT 12:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: “Environment Matters, Your Action Matters More” promoting environmental protection and sustainable development to launch on RTHK TV 31

    Source: Hong Kong Government special administrative region

    “Environment Matters, Your Action Matters More” promoting environmental protection and sustainable development to launch on RTHK TV 31
    “Environment Matters, Your Action Matters More” promoting environmental protection and sustainable development to launch on RTHK TV 31
    ******************************************************************************************

         “Environment Matters, Your Action Matters More”, a television programme produced by the Environmental Protection Department (EPD) and Radio Television Hong Kong (RTHK), will premiere on RTHK TV 31 on October 23. The programme will bring audiences to explore the new face of a green future by understanding more about environmental expertise in different areas and global trends in environmental protection.           In line with the Youth Development Blueprint, the programme covers a range of environmental protection topics, including global environmental issues and sustainable development, environmental impact assessments and planning, climate change, air quality, waste management, water quality and noise control. It introduces various environmental protection facilities and technologies in a light-hearted and humorous manner, aiming to raise awareness among youth about environmental protection and to encourage them to explore potential career paths in this field.           Consisting of 15 episodes, each lasting five minutes, the programme features two characters, an eco-friendly supporter and a young girl aspiring to pursue a career in environmental protection technology. Using everyday scenarios as an introduction, the episodes include interviews with various experts from the Environment and Ecology Bureau, the EPD, academia, and the environmental sector, showcasing how innovative technology can address environmental issues.           “Environment Matters, Your Action Matters More” will air from October 23 this year to January 29 next year, every Wednesday at 8.25pm on RTHK TV 31 for 15 consecutive weeks (see Annex for themes of each episode).

     
    Ends/Friday, October 18, 2024Issued at HKT 12:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: EDB announces subsidy amounts for Mainland University Study Subsidy Scheme in 2024/25 academic year

    Source: Hong Kong Government special administrative region

    EDB announces subsidy amounts for Mainland University Study Subsidy Scheme in 2024/25 academic year
    EDB announces subsidy amounts for Mainland University Study Subsidy Scheme in 2024/25 academic year
    ******************************************************************************************

         The Education Bureau (EDB) announced today (October 18) the subsidy amounts of the means-tested subsidy and the non-means-tested subsidy for the Mainland University Study Subsidy Scheme (MUSSS).     The subsidy will be disbursed based on the distance between the locations of the institutions and Hong Kong, which will be grouped into three categories. Details of the subsidy rates under the different categories, which are identical to that of last year, are set out in the Annex.     A spokesman for the EDB said that the MUSSS will benefit Hong Kong students pursuing undergraduate studies in 197 designated Mainland institutions, including the 138 institutions participating in the Scheme for Admission of Hong Kong Students to Mainland Higher Education Institutions for the 2024/25 academic year.     The application period for the MUSSS 2024/25 has closed. The EDB is currently processing the applications with a view to notifying individual applicants of the application results by the first quarter of 2025.                The MUSSS aims to provide appropriate support for Hong Kong students who pursue undergraduate studies on the Mainland and ensure that no students will be deprived of post-secondary education due to financial reasons. The MUSSS comprises means-tested subsidy and non-means-tested subsidy. The subsidy is granted on a yearly basis, and the subsidised period is the normal duration of the undergraduate programme pursued by the student concerned in the designated Mainland institution. Eligible applicants may only receive either a means-tested subsidy or a non-means-tested subsidy in the same academic year.

     
    Ends/Friday, October 18, 2024Issued at HKT 12:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: Legislation – Fast Track Bill even worse after select committee – confirms Luxon is engaged in a War on Nature says Greenpeace

    Source: Greenpeace

    Greenpeace says the Luxon Government’s fast track bill is one of the most damaging pieces of legislation in living memory, and the changes announced today in the select committee report-back do nothing to change that.
    “The changes to the Fast Track Bill announced today will do nothing to deter the uprising of public protest that this grievously bad bill has sparked,” says Greenpeace Aotearoa executive director Russel Norman.
    “This government is waging a war on nature, and the Fast Track bill is a key weapon.
    “Destructive projects like the Ruataniwha Dam and the Trans-Tasman Resources seabed mining proposal for the South Taranaki Bight are threatening to return from the dead like nightmarish zombies under the fast track bill. Both of these projects were already stopped by the courts due to their environmental harm.
    “The amendments to the Bill in the select committee reportback do not change the fundamental problems with the bill and they will not deter the groundswell of public protest that is building. In some respects they make the bill worse.
    “The purpose clause of the bill has been amended to give even greater direction to expert panels to focus on approving development projects.
    “The key part of the Fast Track Bill remains in place after the changes announced by the select committee report. Projects will still be assessed primarily on economic criteria that completely override environmental criteria and put profit before people and nature. Environmental protections and the balance in the Resource Management Act are trumped by profit under the fast track bill.
    “There are no safeguards. Projects referred to the fast track process are almost guaranteed to be rubber-stamped by the expert panels under this legislation.
    “It is also deeply disturbing that the Minister of Infrastructure, who gets to decide if a corporation gets access to the fast track rubber stamping process, is Chris Bishop, who was also the chair of National’s campaign committee at the last election.
    “We already know that $500,000 in campaign donations flowed from shareholders and companies associated with projects that have been listed for fast tracking. This creates clear risks of conflict of interest in the very heart of the fast track process.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: MEDIA RELEASE: Bill Focusing On Palliative Care Welcomed

    Source: Family First

    MEDIA RELEASE – Family First NZ is welcoming the Private Members Bill from NZ First MP Tanya Unkovich – ‘Improving Access to Palliative Care Bill’ – which seeks to guarantee that every New Zealander has the right to receive high-quality and compassionate palliative care whenever it is needed.

    Demand for this specialist medical care will only increase significantly in the near future. Our population is ageing, and therefore the number of people requiring palliative care is forecast to increase by approximately 25% over the next 15 years and will be more than double that by 2061.

    Previous Governments have made little effort to address this growing problem and to increase funding for this essential service. Some hospitals have no specialist palliative care services at all.

    The NZ Herald recently reported: “A specialist paediatric palliative care (PPC) doctor says New Zealand is falling behind other nations in its care of terminally ill children and the Government must step up to help.”

    The latest review of the End of Life Choice Act also highlighted that one in four applicants weren’t receiving palliative care at the time of their application for euthanasia, which may have influenced their decision.

    The priority must be to improve the provision of high-quality palliative care and practical support. This should be available in all areas of New Zealand. The highest quality of pain control and palliative medicine should be given priority in medical training so that every New Zealander can benefit. This bill will help achieve that.

    Patients facing death have a fundamental human right – a right to receive the very best palliative care, love and support that we can give. This is real death with dignity.

    Family First is calling on all political parties to unite and ‘fast-track’ this bill, for the benefit of all New Zealanders with a terminal illness.

    MIL OSI New Zealand News –

  • MIL-OSI Economics: 400 Students of Samsung Innovation Campus Certified in Future-Tech Skills at Gautam Buddha University

    Source: Samsung

     
    Samsung India’s flagship CSR programme, Samsung Innovation Campus, concluded the Artificial Intelligence (AI) course for 400 students of Gautam Buddha University in Greater Noida, Uttar Pradesh, reiterating the brand’s commitment to being a strong partner of the country and working alongside the Government in its mission of skilling the country’s youth and powering #DigitalIndia.
     
    The students were certified at a felicitation ceremony attended by Prof. R.K. Sinha, Vice Chancellor, Gautam Buddha University, alongside officials from Samsung and the Electronics Sector Skills Council of India (ESSCI).
     
    At the conclusion of the entire programme for the year, the toppers from each domain will be awarded a cash prize of INR 1 lakh and will get a chance to visit Samsung’s facilities in Delhi/NCR. During these visits, they will have the opportunity to engage with Samsung’s leadership team. Not just that, the national course toppers will receive exciting Samsung products.
     
    “Educating the nation’s youth in future-tech skills such as AI, IoT, Big Data and Coding is part of a larger plan at Samsung to contribute to the nation’s growth story and drive the Digital India initiative. The second season of Samsung Innovation Campus, Samsung’s flagship CSR programme, has taken a step further in that direction by imparting valuable knowledge and training to youngsters across the country to boost their employability,” said SP Chun, Corporate Vice President, Samsung Southwest Asia.        
     
    Samsung Innovation Campus offers in-depth training across four key technology areas—AI, IoT, Big Data, and Coding & Programming. Students gain hands-on experience through capstone projects and soft skills training aimed at boosting their employability. The AI course participants undergo 270 hours of theory training followed by 80 hours of project work, while those enrolled in IoT and Big Data courses receive 160 hours of theory training and complete 80 hours of project work. Participants in the Coding & Programming course complete 80 hours of training and take part in a hackathon. Samsung will train 3,500 students across India as part of this programme.
     
    The programme covers eight educational institutions across four states. In the northern region, training centres are established in Lucknow and Gorakhpur, besides two in Delhi NCR. In the southern region, which includes Tamil Nadu and Karnataka, training centres are located in Chennai and Sriperumbudur, in addition to two in Bengaluru.
     
    During the programme, participants will continue to receive instructor-led blended classroom and online training through approved training and education partners of ESSCI across the country. Youth enrolled for the programme will undergo classroom and online training and complete their hands-on capstone project work in their selected technology areas in AI, IoT, Big Data and Coding & Programming.
     
    They will also be imparted soft skills training to enhance their employability. The participants are being mobilized through ESSCI’s training and education partners across India. The approach includes a combination of offline and online learning, immersive hackathons and capstone projects, as well as expert mentorship provided by Samsung employees.
     
    In 2023, Samsung Innovation Campus successfully trained 3000 students in future-tech courses. Samsung’s involvement in this initiative underscores its commitment to nation building through Corporate Social Responsibility (CSR) activities in India. It complements Samsung’s other CSR endeavours, including Samsung Solve for Tomorrow. Through these initiatives, Samsung aims to empower future leaders of India by providing them with the necessary education and skills to drive meaningful change.
     

    MIL OSI Economics –

  • MIL-OSI Economics: APAC deal volume drops 6.8% during Q1-Q3 2024, as India, Japan, and Australia defy global trend, reveals GlobalData

    Source: GlobalData

    APAC deal volume drops 6.8% during Q1-Q3 2024, as India, Japan, and Australia defy global trend, reveals GlobalData

    Posted in Business Fundamentals

    Deal activity in the Asia-Pacific (APAC) region saw a 6.8% year-on-year (YoY) decline during January to September (Q1-Q3) 2024, with mergers & acquisitions, private equity, and venture financing facing headwinds from economic uncertainties and geopolitical tensions. However, APAC demonstrated resilience compared to global markets, with countries like India, Japan, and Australia bucking the trend and showing growth in deal volume, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database reveals that a total of 10,551 deals were announced in APAC during Q1-Q3 2024 compared to the 11,317 deals announced during the same period in previous year,

    The number of M&A, private equity, and venture financing deals registered a YoY decline of 3.1%, 20.7%, and 10.2%, respectively, during the review period.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “In line with the global trend, APAC also witnessed decline in deal activity amid the economic uncertainties, ongoing wars and geopolitical tensions. However, it is noteworthy that APAC showcased relative resilience compared to other regions and even though there was a decline, it was the least among all the regions.”

    For instance, North America, Europe, Middle East and Africa, and South and Central American regions experienced respective deal volume fall by 16%, 13.6%, 7.6%, and 22.3% YoY during Q1-Q3 2024.

    Bose adds: “While deal activity across the APAC region presented a varied picture, the bulk of the decline was concentrated in China. In contrast, key markets like India, Japan, and Australia showed positive momentum, highlighting their resilience amid broader economic challenges.”

    China experienced a 22.8% YoY decrease in the number of deals announced during Q1-Q3 2024 compared to Q1-Q3 2023. Other markets such as South Korea, Singapore, Malaysia, Hong Kong, Indonesia, and New Zealand experienced decline in deal volume by 1.2%, 19.1%, 14.4%, 16%, 34.2%, and 4.7%, respectively. Meanwhile, India, Japan and Australia saw their respective deal volume grow by 9.6%, 16.2% and 2.2%.

    Bose concludes: “The growth seen in India, Japan, and Australia reflects a strategic shift in investor focus on markets with strong fundamentals and growth prospects. These markets continue to offer compelling opportunities, and their ability to buck the global trend reinforces the importance of a diversified approach in venture capital and private equity investments within the region.”

    MIL OSI Economics –

  • MIL-OSI Economics: Consumer preference for clean label products spurs innovation in APAC, says GlobalData

    Source: GlobalData

    Consumer preference for clean label products spurs innovation in APAC, says GlobalData

    Posted in Consumer

    The rising demand for clean label products is spurring advancements and innovations in the Asia-Pacific (APAC) region, as companies recognize the need to adapt to changing consumer preferences. This demand is not just limited to food and beverages; it extends to personal care and household products as well. A survey corroborates this trend, where 49% of respondents in Asia & Australasia stated that their product purchasing decisions for household cleaning products are either always or often influenced by how ethical/environmentally friendly/socially responsible the product/service is*, says GlobalData, a leading data and analytics company.

    Mani Bhushan Shukla, Consumer Analyst at GlobalData, comments: “Clean label products often use simple, natural ingredients, are free from additives and artificial chemicals, and also commonly feature sustainable and ethical credentials. The expected characteristics of clean label products can vary between industries. Healthy attributes such as “low-sugar” and “low-fat” are prioritized more in food and beverages, while “natural” and “free-from” attributes are prioritized more in personal care. Clean label household care products tend to include natural ingredients instead of synthetic ingredients or “harsh” chemicals, as well as exhibiting sustainability credentials like recyclable packaging.”

    Deepak Nautiyal, Consumer and Retail Commercial Director, Asia-Pacific and Middle East, GlobalData, adds: “Manufacturers are exploring innovative sourcing methods, sustainable packaging solutions, and alternative ingredients that align with the clean label ethos. As brands strive to meet consumer expectations, they are also exploring new marketing strategies that highlight their commitment to transparency and sustainability, ultimately leading to a broader range of clean label options for consumers.

    “Aligning with this trend, Unilever introduced the Sunlight BioCare Nature dishwashing liquid in Vietnam, Indonesia, and Thailand, featuring RhamnoClean Technology for superior grease removal. This product is integrated into the company’s Clean Future sustainability initiative, which employs circular economy principles in both its formulation and packaging to minimize CO2 emissions and plastic waste.”

    Shukla notes: “Heightened health and wellbeing concerns are seeing consumers seek ways to safeguard health and wellness and boost immunity, while increased awareness of sustainability issues amid a rising frequency of extreme weather events has resulted in proactive efforts to reduce carbon footprints. Many consumers are switching to clean label products that feature simple and natural ingredient lists to address such concerns, as well as eco-friendly or ethically sound products. For instance, Garnier, part of the L’Oréal’s family, renewed its commitment to providing sustainable products for consumers in Asia. By utilizing green science, the brand seeks to reduce the environmental footprint of its products, aligning with the increasing consumer interest in eco-friendly beauty solutions.”

    Nautiyal continues: “The integration of sustainable packaging and a clean label will significantly influence consumer purchasing decisions and foster brand loyalty, as evidenced in a GlobalData consumer survey, wherein 78% of APAC consumers consider it essential/nice to have recyclable packaging*. This dual approach not only attracts eco-conscious consumers but also fosters a deeper emotional connection with the brand, leading to increased customer retention and loyalty.”

    Shukla concludes: “As environmental concerns rise in Asia, companies emphasizing eco-friendly ingredients and sustainable supply chains will find new growth opportunities. The demand for safe, environmentally beneficial products will drive innovation in the clean label market. By investing in innovative sourcing and transparent supply chains, these companies can enhance their clean label offerings, attract eco-conscious consumers, and build brand loyalty for long-term success.”

    *GlobalData Q2 2024 Consumer Survey­ – Asia & Australasia, published in July 2024, with 6,506 respondents

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Marine Safety (Alcohol and Drugs) Ordinance to take effect on January 1 next year

    Source: Hong Kong Government special administrative region

    Marine Safety (Alcohol and Drugs) Ordinance to take effect on January 1 next year
    Marine Safety (Alcohol and Drugs) Ordinance to take effect on January 1 next year
    *********************************************************************************

         The Government today (October 18) gazetted the Marine Safety (Alcohol and Drugs) Ordinance (Commencement) Notice to appoint January 1, 2025, as the day on which the Marine Safety (Alcohol and Drugs) Ordinance shall come into effect.     The Marine Safety (Alcohol and Drugs) (Approved Instrument Types and Specified Tests) Notice and the Marine Safety (Alcohol and Drugs) (Notice to Appear before Magistrate) Notice were also made to designate the types of instruments for the testing of drink and drug boating, specify the preliminary tests to be carried out to assess whether a person’s ability to properly operate a vessel or perform a designated duty on board a vessel is impaired by the consumption or use of drugs; and prescribe the form for a notice requiring a suspect to appear before a magistrate in respect of offences under the Ordinance.       The abovementioned notices will be tabled at the Legislative Council on October 23 for negative vetting.     The Ordinance was enacted by the Legislative Council earlier on to regulate drink and drug boating in Hong Kong waters, so as to enhance marine safety and protect the safety of persons on board a vessel.

     
    Ends/Friday, October 18, 2024Issued at HKT 12:45

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Rural voters final register released

    Source: Hong Kong Information Services

    The final register for the 2024 Rural Representative Election (RRE), which includes the particulars of registered electors, was released today.

    Registered electors may visit the RRE Voter Registration Information Enquiry System, or call the election hotline at 2152 1521 during business hours to check their registration particulars. 

    A full copy of the final register is available at the office of the Electoral Registration Officer, which is located at the Home Affairs Department, 30/F Southorn Centre, 130 Hennessy Road, Wan Chai.

    Copies of the final register relating to specific rural committees are placed at Assistant Electoral Registration Officers’ offices at the corresponding New Territories district offices.

    Validly nominated candidates may inspect the final register of electors for purposes relating to the election.

    The final register is also open for inspection by those who have subscribed to the Government News & Media Information System maintained by Director of Information Services, bodies and organisations meeting the specified requirements under the abovementioned regulation, the Heung Yee Kuk, rural committees for the relevant rural areas, indigenous inhabitants of indigenous villages and composite indigenous villages, and residents of “existing villages” or market towns.

    Statistical information about the final register is available on the election website.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: NSU is the leader in the BRICS ranking among Russian universities located in the regions

    MILES AXLE Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    The Association of Rating Compilers (ACR) has published Pilot ranking of universities in the BRICS countries. The final list included 600 educational institutions from ten Commonwealth countries: Brazil, Egypt, India, Iran, China, the United Arab Emirates, Russia, Saudi Arabia, Ethiopia and South Africa. Russia became the second country in the ranking by the number of participants – 161 universities. Novosibirsk State is in 19th place in the overall ranking, occupying the highest positions among Russian universities located in the regions.

    In general, the BRICS rating methodology repeats the methodology of the “Three University Missions” rating, but takes into account the national characteristics of the countries that are part of the association. The university’s activities are also characterized in three areas: education, science, and relations with society. The difference is that the weights of some indicators have been changed and one new indicator has been added: “the number of joint scientific publications with BRICS partners.”

    — NSU’s high positions in the BRICS university rankings are explained by several factors. First of all, this is the quality of education and scientific activity. A positive impact was exerted by the increase in the significance of such an indicator as “the number of victories of university students in international student Olympiads” (data on Olympiads were taken into account from 2019 to 2023). And also the addition of such a criterion as the number of scientific works in partnership with colleagues from BRICS countries to the new ranking. NSU is traditionally strong in international scientific ties, especially with the states that are part of this association. We currently have 126 partner universities in 24 countries of the world, more than 300 publications with foreign co-authors are published annually, — noted NSU Rector, Academician of the Russian Academy of Sciences Mikhail Fedoruk.

    A total of 24 Russian universities made it into the top hundred of the ranking. The highest positions were taken by Moscow State University (2nd place), St. Petersburg State University (5th place), Moscow Institute of Physics and Technology (6th place), HSE (10th place) and MEPhI (15th place). Next come universities located in the regions, among which the leader is Novosibirsk State University (19th place), followed by Tomsk State University (36th place) and Ural Federal University (38th place).

    The strongest point of Russian universities is the quality of education; 39 educational institutions in Russia were included in the top 100 universities according to this group of criteria, with 10 of them being in the top twenty.

    Rating information:

    The idea of the ranking was proposed in 2023 by representatives of South Africa, and in the same year it was enshrined in the declaration following the meeting of the BRICS education ministers. The BRICS principles on which the ranking was formed werevoicedat the congress of the Russian Union of Rectors in July 2024, and then they were discussed and supported by the working groups of the Russian Academy of Sciences, the Russian Academy of Education and the Ministry of Education and Science. Principlespublishedon the website of the rating “Three University Missions”.

    Full list of universities, included in the rating.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.nsu.ru/n/media/nevs/education/ngu-leader-in-brix-rating-among-russian-universities-located-in-regions-/

    MIL OSI Russia News –

  • MIL-OSI New Zealand: ACT welcomes withdrawal of Prosecution Guidelines after pressure

    Source: ACT Party

    “ACT welcomes the Solicitor-General withdrawing recently published prosecution guidelines, which did not reflect the Government’s values of treating New Zealanders equally regardless of their race,” says ACT Leader David Seymour.

    “The proposed guidelines were totally inconsistent with the values of a civilised country where everyone is equal before the law.

    “This change shows our Government is committed to the most Kiwi of values; no matter who you are or how you were born, you deserve the same equal rights, choices and chances at life.

    “It also shows New Zealand is getting the real change we voted for, last year.

    “I respect the autonomy and independence of the Solicitor-General, but the Government has set a clear direction where racial discrimination is not acceptable, no matter how deeply embedded in the public service it is.

    “This kind of divisive policy rained down in buckets, unchallenged, and uncorrected by the previous Government. Now we have a Government committed to equal rights for all. The Need Not Race cabinet circular negotiated by ACT underlines that commitment.

    “ACT called out these guidelines as soon as we became aware of them, including raising the issue with the Attorney-General. We are welcome the swift response, preventing what would have otherwise been an egregious breach of the foundational principles of our country.

    “We fund Crown prosecutors to deliver justice without fear nor favour. The updated Prosecution Guidelines must reflect that and uphold the principle of equality before the law.”

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: Government gazettes amendment regulations to implement electronic vehicle licence initiative and tackle prolonged non-licensed vehicles

    Source: Hong Kong Government special administrative region

    Government gazettes amendment regulations to implement electronic vehicle licence initiative and tackle prolonged non-licensed vehicles
    Government gazettes amendment regulations to implement electronic vehicle licence initiative and tackle prolonged non-licensed vehicles
    ******************************************************************************************

         The Road Traffic (Registration and Licensing of Vehicles) (Amendment) Regulation 2024 (RLV Amendment Regulation), Road Traffic (Registration and Licensing of Vehicles) (Amendment) (No. 2) Regulation 2024 (RLV (No. 2) Amendment Regulation) and Motor Vehicles Insurance (Third Party Risks) (Amendment) Regulation 2024 (TPR Amendment Regulation) were gazetted today (October 18).     The Amendment Regulations seek to implement an electronic vehicle licence (eVL) of the Transport Department (TD) by obviating the need of vehicle owners to replace their paper-form vehicle licences on each renewal, to simplify the supporting documents required for vehicle licence (VL) applications; as well as to tighten the vehicle registration and licensing regime by introducing a penalty for taking no action on vehicles unlicensed for two years or more.     A spokesman for the Transport and Logistics Bureau said, “The eVL initiative will streamline the process for vehicle licence applications and bring greater convenience to vehicle owners. The TD will issue a notice to the vehicle owners containing the new licensed period in lieu of a paper-form VL, so that the vehicle owners will not need to replace the paper-form VL with a new one on each renewal after its first issuance bearing no expiry date. The amendments to the law will also simplify the documents accompanying a VL application by repealing the requirement of presenting the Vehicle Registration Document; whereas online VL applicants will have the option not to present the scanned copy of policy of insurance or security, but providing information (such as name of the vehicle owner, identity document number of the vehicle owner, vehicle registration mark, etc) to be specified by the Commissioner for Transport.       “Moreover, to address at source the issue of improper abandonment of unlicensed vehicles in a public area, amendments will be made to hold vehicle owners responsible for their vehicles on a continuous basis. The registered owners of vehicles unlicensed for two years or more must, within three months of the date of a notice to be issued by the TD, either have the vehicle relicensed, or cancel the registration of the unlicensed vehicle in accordance with the requirement, failing which will constitute an offence,” the spokesman added.     The Legislative Council (LegCo) Panel on Transport and the Transport Advisory Committee were briefed on the above, and members generally supported and welcomed the proposed arrangements. The Amendment Regulations will be tabled at the LegCo on October 23 for negative vetting. Subject to scrutiny by the LegCo, the RLV Amendment Regulation and TPR Amendment Regulation will be effective from December 30 this year. To allow sufficient time for vehicle owners to take appropriate actions on their unlicensed vehicles, the RLV (No. 2) Amendment Regulation will come into operation on a date to be fixed by notice in the Gazette, tentatively in the fourth quarter of 2025.

     
    Ends/Friday, October 18, 2024Issued at HKT 12:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: Albanese Government commences voice trials and releases public feedback on modernising universal telecommunications services

    Source: Australian Executive Government Ministers

    The Albanese Government has announced that Scyne Advisory will conduct a trial of fixed voice services and consider the performance of Low Earth Orbit Satellites (LEOSats) to inform the Government’s work to improve mobile connectivity for more Australians.
     
    Scyne Advisory will independently deliver the fixed voice service trials, with work already underway to progressively set up trial sites across 50 regional and remote locations across Australia.
     
    The trials will track the reliability and quality of voice calls, and test impacts of weather conditions on services.
     
    Data from the trial will also help the Albanese Government to better understand how LEOSat services perform to support voice services across a representative range of regions across Australia, including over the northern Australia wet season. Existing NBN Co fixed wireless and satellite services will also be trialled in parallel to provide a comparison.
     
    Data collected will be independent of industry and be made publicly available next month.
     
    The Government has also today released a summary of feedback received from stakeholders through recent public consultation on modernising delivery and funding of universal telecommunications service arrangements.
     
    Overall, the public consultation process demonstrated there is support for change to universal service arrangements to better reflect evolving consumer needs and the emergence of new alternative technologies.
     
    Stakeholders suggested a more flexible and technology-neutral approach would be preferable, including to adopt modern networks and services that are best suited to each premises, and to future-proof arrangements.
     
    There was also general agreement that simpler funding arrangements would better reflect the market and enable greater efficiency and sustainability.
     
    While the Government is yet to make a decision on how to best modernise the Universal Service Obligation, feedback received from stakeholders is being taken into consideration and will be considered alongside the trial data to help inform next steps.   
     
    For more information, and to view the summary paper, visit: http://www.infrastructure.gov.au/media-communications-arts/modernising-universal-telecommunications-services
     
    Quotes attributable to Minister for Communications, the Hon Michelle Rowland MP:
     
    “The Albanese Government is committed to modernising telco services in the interest of all Australians, particularly those living in rural and regional Australia, and I look forward  to data from the trials helping us to consider and deliver a more modern and effective universal service framework.”
     
    “The Government has been clear it will proceed on a consultative and transparent basis. Stakeholder views on delivery and funding issues will be carefully considered to help inform future decisions on a more modern and fit for purpose framework. 
     
    “The Government’s focus is that universal service arrangements continue to deliver for consumers, can be more flexible to accommodate changes, and that we have related funding arrangements for baseline services that are efficient and sustainable.”

    MIL OSI News –

  • MIL-OSI Australia: Eligibility for compassionate release of super

    Source: Australian Department of Revenue

    We took over administration of early release of super on compassionate grounds on 1 July 2018.

    We only approve a release of super on compassionate grounds if you meet all conditions set out in the regulations. These conditions include that you have no other means to pay the expenses.

    The 5 main grounds of eligibility are:

    • medical treatment or transport for you or your dependant
    • accommodating a disability for you or your dependant
    • palliative care for a terminal illness for you or your dependant
    • funeral expenses for your dependant
    • preventing foreclosure or forced sale of your home.

    If you apply for compassionate release of super (CRS) for medical treatment, the law states the treatment must be necessary to:

    • treat a life-threatening illness or injury
    • alleviate acute or chronic pain
    • alleviate acute or chronic mental illness.

    To access super early for medical treatment expenses, you must provide 2 medical reports with your application. At least one of the reports must be from a specialist treating one of the above conditions.

    The reports must state that the treatment is necessary to treat or alleviate one of the conditions above, and that the treatment is not readily available in the public health system.

    All data shown here is current as of 27 August 2024.

    MIL OSI News –

  • MIL-OSI Australia: CRS age demographics

    Source: Australian Department of Revenue

    Following are data tables for the age of approved individuals at the time of their approved application.

    Table 1: CRS age demographics in 2018–19

    Age (years)

    Individuals approved

    Total approved (%)

    20 and under

    20

    0

    21-25

    860

    3

    26-30

    2,810

    10

    31-35

    4,310

    16

    36-40

    4,910

    18

    41-45

    4,650

    17

    46-50

    4,270

    16

    51-55

    3,160

    12

    56-60

    1,550

    6

    61-65

    380

    1

    66-70

    10

    0

    71 and over

    0

    0
    Table 2: CRS age demographics in 2019–20

    Age (years)

    Individuals approved

    Total approved (%)

    20 and under

    30

    0

    21-25

    940

    3

    26-30

    3,300

    11

    31-35

    4,880

    16

    36-40

    5,470

    18

    41-45

    5,090

    17

    46-50

    4,730

    16

    51-55

    3,420

    11

    56-60

    1,760

    6

    61-65

    420

    1

    66-70

    10

    0

    71 and over

    0

    0
    Table 3: CRS age demographics in 2020–21

    Age (years)

    Individuals approved

    Total approved (%)

    20 and under

    10

    0

    21-25

    640

    2

    26-30

    2,400

    9

    31-35

    4,210

    16

    36-40

    5,000

    18

    41-45

    4,740

    17

    46-50

    4,510

    17

    51-55

    3,330

    12

    56-60

    1,870

    7

    61-65

    440

    2

    66-70

    0

    0

    71 and over

    0

    0
    Table 4: CRS age demographics in 2021–22

    Age (years)

    Individuals approved

    Total approved (%)

    20 and under

    40

    0

    21-25

    890

    3

    26-30

    2,970

    9

    31-35

    5,210

    16

    36-40

    5,950

    18

    41-45

    5,460

    17

    46-50

    5,060

    16

    51-55

    3,860

    12

    56-60

    2,230

    7

    61-65

    530

    2

    66-70

    10

    0

    71 and over

    0

    0
    Table 5: CRS age demographics in 2022–23

    Age (years)

    Individuals approved

    Total approved (%)

    20 and under

    60

    0

    21-25

    1,140

    3

    26-30

    3,330

    8

    31-35

    5,910

    15

    36-40

    7,200

    18

    41-45

    6,620

    17

    46-50

    6,140

    16

    51-55

    5,270

    13

    56-60

    3,090

    8

    61-65

    820

    2

    66-70

    10

    0

    71 and over

    0

    0
    Table 6: CRS age demographics in 2023–24

    Age (years)

    Individuals approved

    Total approved (%)

    20 and under

    90

    0

    21-25

    1,630

    3

    26-30

    4,370

    9

    31-35

    7,410

    15

    36-40

    8,820

    18

    41-45

    8,270

    17

    46-50

    7,380

    15

    51-55

    6,780

    14

    56-60

    4,090

    8

    61-65

    1,160

    2

    66-70

    20

    0

    71 and over

    0

    0

    In the tables above, we rounded:

    • approved individuals to the nearest 10
    • total amounts may differ to other tables due to rounding.

    MIL OSI News –

  • MIL-OSI Australia: Applications received and approved

    Source: Australian Department of Revenue

    The following data tables capture information about applications we have received and approved for release per financial year. We don’t have data regarding amounts released as these payments are made by super funds.

    Note: One person may submit multiple applications in one financial year. There is no limit on the number of applications a person can submit.

    Table 1: Total compassionate release of super applications

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    53,800

    60,000

    45,300

    56,400

    75,600

    90,700

    Applications approved

    31,100

    33,700

    29,500

    34,400

    41,800

    53,100

    Individuals applied

    33,800

    39,100

    36,300

    45,600

    57,800

    68,900

    Individuals approved

    26,900

    30,000

    27,200

    32,200

    39,600

    50,000

    Amount approved ($m)

    456.6

    523.2

    472.4

    573.1

    761.7

    1,040.4

    In the table above, we rounded:

    • applications and individuals’ data to the nearest 100
    • amounts approved data to the nearest $100,000.

    Totals may not add due to rounding.

    Table 2: Medical (includes medical treatment or transport)

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    39,100

    45,500

    34,800

    42,600

    57,700

    71,900

    Applications approved

    26,100

    30,100

    27,600

    32,100

    39,500

    50,200

    Individuals applied

    25,500

    30,100

    28,400

    35,200

    44,900

    55,600

    Individuals approved

    22,700

    26,800

    25,400

    30,100

    37,400

    47,400

    Amount approved ($m)

    389.1

    476.6

    447.4

    544.7

    730.5

    1,001.0

    In the table above, we rounded:

    • applications and individuals’ data to the nearest 100
    • amounts approved data to the nearest $100,000.
    Table 3: Accommodating a disability

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    2,300

    2,300

    1,500

    1,700

    2,200

    2,300

    Applications approved

    1,100

    1,000

    700

    700

    800

    900

    Individuals applied

    1,400

    1,500

    1,100

    1,300

    1,590

    1,670

    Individuals approved

    970

    890

    660

    670

    720

    810

    Amount approved ($m)

    21.1

    15.4

    11.5

    11.3

    12.7

    12.8

    In the table above, we rounded:

    • applications received and approved data to the nearest 100
    • individuals’ data to the nearest 10
    • amounts approved data to the nearest $100,000.
    Table 4: Palliative care for a terminal illness

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    250

    205

    195

    215

    260

    290

    Applications approved

    110

    90

    45

    45

    35

    35

    Individuals applied

    175

    140

    160

    180

    210

    245

    Individuals approved

    90

    65

    45

    40

    40

    30

    Amount approved ($m)

    1.9

    1.8

    0.9

    1.3

    0.9

    0.8

    In the table above, we rounded:

    • applications and individuals’ data to the nearest 5
    • amounts approved data to the nearest $100,000.
    Table 5: Preventing foreclosure or forced sale of a home

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    10,500

    10,300

    7,300

    9,700

    12,400

    12,900

    Applications approved

    2,870

    1,780

    560

    750

    710

    1,100

    Individuals applied

    6,140

    6,770

    5,850

    7,650

    9,600

    9,930

    Individuals approved

    2,470

    1,630

    540

    710

    680

    1,040

    Amount approved ($m)

    35.4

    22

    7.2

    8.9

    9.7

    17.1

    In the table above, we rounded:

    • applications received data to the nearest 100
    • applications approved and individuals’ data to the nearest 10
    • amounts approved data to the nearest $100,000.
    Table 6: Funeral expenses for a dependant

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    1,700

    1,600

    1,500

    2,200

    3,100

    3,300

    Applications approved

    920

    760

    600

    740

    760

    850

    Individuals applied

    1,190

    1,160

    1,240

    1,790

    2,340

    2,410

    Individuals approved

    840

    710

    580

    720

    750

    820

    Amount approved ($m)

    9

    7.5

    5.3

    6.9

    7.9

    8.7

    In the table above, we rounded:

    • applications received data to the nearest 100
    • applications approved and individuals’ data to the nearest 10
    • amounts approved data to the nearest $100,000.

    Medical treatment subcategories

    The data from our application process allows us to split the medical (treatment or transport) category into the subcategories listed below. While eligible medical treatment is not limited to these categories, we cannot individually identify all treatment types at a reporting level.

    Table 7: Dental treatment subcategory

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    7,140

    10,610

    8,240

    11,780

    20,960

    31,780

    Applications approved

    3,850

    6,000

    5,960

    8,380

    14,020

    22,530

    Individuals applied

    4,310

    6,720

    6,500

    9,720

    16,260

    25,070

    Individuals approved

    3,470

    5,580

    5,530

    8,020

    13,540

    21,790

    Amount approved ($m)

    66.4

    111.7

    108.2

    171.3

    313.4

    526.4
    Table 8: IVF subcategory

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    3,380

    4,250

    3,700

    4,150

    4,290

    5,200

    Applications approved

    2,720

    3,260

    3,260

    3,390

    3,360

    4,210

    Individuals applied

    2,140

    2,610

    2,670

    3,020

    3,080

    3,740

    Individuals approved

    2,080

    2,490

    2,580

    2,750

    2,780

    3,460

    Amount approved ($m)

    36.2

    40.1

    42.1

    45.4

    47.9

    64.1
    Table 9: Weight loss subcategory

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    17,690

    18,710

    14,510

    15,760

    17,690

    17,320

    Applications approved

    13,790

    14,570

    12,970

    13,960

    14,770

    14,370

    Individuals applied

    12,920

    13,920

    12,900

    14,160

    15,170

    14,780

    Individuals approved

    12,550

    13,530

    12,570

    13,620

    14,410

    14,030

    Amount approved ($m)

    207.5

    234.2

    220

    233.9

    248.9

    250.5
    Table 10: Other medical treatment subcategory

    Financial year

    2018–19

    2019–20

    2020–21

    2021–22

    2022–23

    2023–24

    Applications received

    9,880

    10,980

    7,970

    10,400

    14,030

    16,880

    Applications approved

    5,440

    6,040

    5,260

    6,230

    7,230

    8,940

    Individuals applied

    6,050

    6,900

    6,360

    8,340

    10,460

    12,280

    Individuals approved

    4,580

    5,340

    4,870

    5,830

    6,830

    8,320

    Amount approved ($m)

    74

    87

    75.3

    92.2

    118.1

    156.7

    ‘Other’ includes all other types of medical treatment recommended by a medical practitioner.

    These tables exclude applications that were solely for medical transport (totals will differ to tables above).

    In the tables above, we rounded:

    • applications and individuals’ data to the nearest 10
    • amounts approved data to the nearest $100,000.

    MIL OSI News –

  • MIL-OSI Australia: Commercial deals service resources

    Source: Australian Department of Revenue

    Commercial deals case studies

    These case studies show how engaging with us early and working transparently can mutually resolve tax issues prior to lodgment and help avoid tax disputes post-lodgment.

    Capital gains tax case study

    Three siblings each had a 33% shareholding in a family company, and 2 of them wanted to sell their shares to their brother. The family trusts controlled by the 2 siblings each disposed of their 33% ownership in the family company to their brother’s trust. This left their brother with 100% ownership of the company.

    We enquired if the siblings had considered whether the market value substitution rule for capital proceeds applied. That part of the tax law has the effect of replacing the actual capital proceeds with their market value when the parties to the transaction didn’t deal with each other at arm’s length.

    With advice from internal valuation advisers on whether the siblings had transacted for an arm’s length value, we concluded that the capital proceeds were below their market value. We asked the siblings for information and evidence to demonstrate that real bargaining had taken place in relation to the sale.

    The 2 siblings provided a valuation of the shares that aligned with our view. They informed the case officer that their brother, who was purchasing their shares, set the price and they accepted to avoid family conflict. For this reason, the 2 siblings couldn’t provide any evidence of bargaining in relation to the terms and conditions of the sale.

    With these facts, we took the position that the market value substitution rule applied. A pre-lodgment agreement was reached that the market value amount would be substituted for the capital proceeds.

    Company restructure case study

    A company was founded by four individuals who were looking to sell some of their business. To do this, they started trading under a new company. The shares were owned 25% each personally by the four individuals. Days later, one quarter of these shares were sold to a third party.

    As part of the sale, new classes of shares were issued for $1 each (one A class share issued to the third party and one B class share issued to a family trust, controlled by the founders), with priority to dividends and other specific rights attached.

    In the 2022 income year, the rights and terms attached to both the A and B class shares were altered, via a share split and variation of rights, by the ordinary shareholders in anticipation of a scheduled Special Purpose Acquisition Company (SPAC) process. Prior to this, one founder had a valuation prepared for the B class share, which determined the market value of the B class shares based on the priority dividend rights.

    We examined this valuation, given our concerns over the valuation presented to us. The A and B class shares, which were split and rights varied, now had an inflated value, equal to the ordinary shares.

    Several months after the share split and variation of rights, the SPAC process was successfully completed in the 2023 income year. The change in rights and share split shifted the inflated value from the initial ordinary shareholders (the individuals) to their family trust via a direct value shift.

    After reviewing the general value shifting regime, with technical adviser guidance, agreement was reached that the direct value shifting rules applied to effectively deem capital gains for the four individuals in the 2022 income year. This treated it as if they had sold the shares to the trust at that point in time. This determination increased the capital gain from the client’s original position but provided tax certainty on the transaction moving forward.

    Foreign resident capital gains case study

    A foreign resident held shares in a listed company. The company entered a binding Scheme Implementation Deed where 100% of the ordinary shares would be acquired for non-cash consideration. A timely outcome was necessary due to an upcoming shareholder vote.

    The foreign resident proposed to provide us with acceptable security equal to the agreed capital gains tax (CGT) liability, and, in return, they would receive a variation in the rate of foreign resident capital gains withholding (FRCGW) to 0%.

    A preliminary assessment by the foreign resident predicted a $30 million tax liability dependent on the market value of the non-cash consideration (shares) at the time of the transaction.

    Following open and transparent discussions and collaboration between us and the foreign resident’s representatives, an agreement was reached and an escrow deed was executed. Approximately $30 million in future tax payable was secured and the FRCGW rate was also varied to 0%.

    Commercial deals videos

    Our video resources explain the commercial deals process and the advantages of engaging with us early to get certainty of the tax implications and impacts of your transaction.

    Increased certainty prior to lodgment

    With certainty prior to lodgment, you can avoid potential post-lodgment tax disputes.

    How to navigate your commercial deals engagement

    Navigate your commercial deals engagement by preparation, commitment and transparency.

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    Commercial deals assistance can give you practical certainty that the approach you are taking is acceptable.

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    Engaging with us early gives you the advantage of knowing the outcomes you are likely to receive.

    MIL OSI News –

  • MIL-OSI Australia: Victorian woman sentenced over GST fraud

    Source: Australian Department of Revenue

    A Victorian woman has been sentenced to 4 years imprisonment, with a non-parole period of 2 years and 4 months, after she claimed nearly $600,000 in GST refunds from 27 fraudulent business activity statements lodged, contrary to section 134.2(1) of the Criminal Code (Cth).

    Tahra Wyntjes was sentenced for obtaining $599,349 in fraudulent GST refunds she was not entitled to and for attempting to obtain a further $259,976, which was stopped by ATO officers. A reparation order to the value of the amount obtained was granted. This debt to the Commonwealth will be actively pursued in addition to the jail time Ms Wyntjes will serve.

    Ms Wyntjes registered for both an Australian Business Number and for GST in November 2021 for a residential cleaning business. Between November 2021 and March 2022, she lodged the fraudulent business activity statements (BAS), which ATO officers quickly noticed and began investigating.

    After failing to respond to ATO officers following a review on her BAS lodgments and reviewing available evidence, it was concluded that Ms Wyntjes was not carrying on a genuine business and had submitted multiple false claims for GST.

    Acting Deputy Commissioner Jade Hawkins welcomed the court’s decision which serves as a warning to those who deliberately try to defraud the government for their own personal gain.

    ‘Not only did this individual lodge fraudulent activity statements, but she also invented a fake business in order to claim GST refunds she was not entitled to.’

    ‘Our message remains clear. If you don’t run a business, you don’t need an ABN and you can’t claim GST refunds. This is fraud,’ Ms Hawkins said.

    For those who may be tempted to take part in these criminal activities, the ATO has sophisticated risk models and technologies to detect and prevent fraud.

    This is the latest result of extensive efforts under the Australian Taxation Office (ATO)–led investigation, Operation Protego, which was initiated in response to calculated GST fraud.

    ‘GST fraud is not a victimless crime – those who steal funds from the community that would otherwise be used for essential services will face severe consequences including jail sentences for serious offenders,’ Ms Hawkins said.

    This matter was prosecuted by the Office of the Director of Public Prosecutions (Cth) (CDPP) following a referral from the ATO.

    As part of Operation Protego, the ATO has taken action against more than 57,000 alleged offenders, and those involved in this fraud have already been handed in the order of $300 million in penalties and interest.

    As of 30 September 2024:

    • 104 people have been arrested.
    • 59 people have been convicted with a range of sentencing outcomes, including jail terms of up to 7 years and 6 months and with orders made to restrain real property.
    • The ATO has finalised 60 investigations and referred 51 briefs of evidence to Commonwealth Director of Public Prosecutions.

    The ATO also supports Operation Protego investigations which are led by local law enforcement agencies rather than the SFCT.

    You can confidentially report suspected tax crime or fraud to us by making a tip-off online or calling 1800 060 062.

    For more information about Operation Protego ato.gov.au/GSTrefundfraud.

    MIL OSI News –

  • MIL-OSI Economics: Results of Underwriting Auctions Conducted on October 18, 2024

    Source: Reserve Bank of India

    In the underwriting auctions conducted on October 18, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    (₹ crore)
    Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
    (paise per ₹100)
    7.02% GS 2031 10,000 5,019 4,981 10,000 0.06
    7.23% GS 2039 13,000 6,510 6,490 13,000 0.08
    7.09% GS 2054 10,000 5,019 4,981 10,000 0.11
    Auction for the sale of securities will be held on October 18, 2024.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1329

    MIL OSI Economics –

  • MIL-OSI Australia: Scam alert: Scammers impersonating banks in text messages, phone calls and emails

    Source: Australia Scam Watch

    Background
    There’s a rise in criminals calling, emailing or messaging people and pretending to be from their bank so that they can steal your money.
    The scammers ask you for personal or financial information or to transfer funds or to give them a one-time security code over the phone. They often claim to be from the bank’s fraud department and might say that there has been a compromised account or suspicious transaction.
    They may use technology to make it look like the call is coming from the bank’s phone number. They may send a message that looks like it comes from the same conversation thread as genuine bank messages.

    How to spot the scam
    You may get a call, message or email from a scammer claiming to be from the bank and asking for personal and bank details.
    The scammer may tell you there is a problem with your account and ask you to transfer money to ‘keep it safe’. They may say it’s an urgent problem to get you to respond.
    Anyone calling and behaving like this is probably a criminal.
    What you can do:

    Do not use any phone numbers in a message.
    Ask for a reference number and contact your bank directly through a phone number that you find and confirm yourself.
    Hang up if you receive a call from someone claiming to be from your bank requesting you to transfer money.
    Don’t click on any links in an email or message on your phone, even if it looks like it comes from your bank.

    How the scam works
    Someone calls, emails or messages you saying they’re from the bank.
    The phone call, email or message looks like it comes from the bank. The message may be in the same message thread as a previous legitimate banking message.
    They say they’re investigating a problem with your account, like a hacked account, suspicious transaction, or online banking outage.
    These criminals ask you for personal or financial information like account details or security codes.
    They will then use your account details to steal your money.

    What you should know
    Your bank will never ask you to transfer your money to keep it safe.
    Your bank will never ask you over the phone for online banking passwords, one-time security codes, PINs or tokens.

    Find out more
    This scam is a type of impersonation scam.
    Scammers pretend they are from your bank.
    They use technology to make it look like they’re calling or messaging from a legitimate phone number. They may send emails that look like they are from the bank.

    Stay protected
    STOP – Don’t give money or personal or financial information like passwords, security codes, PINs or tokens. Don’t click on any links if you’re unsure. Say no, hang up, delete.
    CHECK – Verify who you are talking to. Contact your bank using your banking app or a phone number you have sourced from your banking app, bank website, statement, or card.
    PROTECT – Act quickly. If you have transferred funds, provided access to your account or information to a scammer, contact your bank immediately and report to Scamwatch. Tell your friends and family; it helps to share your experience so they can give you support and to help them stay safe from scams.

    If you’ve been affected
    There is no shame in getting scammed. It can happen to anybody.
    If you’ve had money stolen, contact your bank or financial institution immediately.
    If you’ve had personal information stolen or need help to recover from a scam, contact IDCARE on 1800 595 160.
    If you’re feeling distressed and need to talk about it, reach out to Lifeline or Beyond Blue.
    If you’re worried about your safety or someone else’s, call the police immediately on 000 or go to your nearest police station.
    Help others by reporting scams to Scamwatch.

    MIL OSI News –

  • MIL-OSI Asia-Pac: Three amendment regulations and notices in relation to seafarers of merchant ships to take effect on December 23

    Source: Hong Kong Government special administrative region

         The Government today (October 18) gazetted the Merchant Shipping (Seafarers) (Health and Safety: General Duties) (Amendment) Regulation 2024 (Commencement) Notice; the Merchant Shipping (Seafarers) (Working and Living Conditions) (Amendment) Regulation 2024 (Commencement) Notice; and the Merchant Shipping (Seafarers) (Returns of Births, Deaths and Missing Persons) Regulation (Amendment of Schedules) Notice 2024 (Commencement) Notice, to specify the amendment regulations and notices in relation to seafarers of merchant ships to come into effect on December 23 this year.

         The Merchant Shipping (Seafarers) (Health and Safety: General Duties) (Amendment) Regulation 2024; the Merchant Shipping (Seafarers) (Working and Living Conditions) (Amendment) Regulation 2024; and the Merchant Shipping (Seafarers) (Returns of Births, Deaths and Missing Persons) Regulation (Amendment of Schedules) Notice 2024, which were enacted by the Legislative Council earlier on, seek to incorporate into local legislation the latest relevant requirements of certain amendments to the Maritime Labour Convention, 2006, approved by the International Labour Organization (the 2022 Amendments). The latest requirements cover seafarer recruitment and placement agents, provision of drinking water supplies and balanced meals, repatriation of the bodies or ashes of deceased seafarers, reporting of deaths of seafarers, as well as provision of appropriately sized personal protective equipment. The aforesaid regulations and notice will come into operation on December 23, in line with the date on which the 2022 Amendments will enter into force globally.

         â€‹The commencement notices will be tabled to the Legislative Council on October 23 for negative vetting.

    MIL OSI Asia Pacific News –