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Category: MIL-OSI

  • MIL-OSI: O2Gold Announces Board Changes

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — O2Gold Inc. (NEX: OTGO.H) (“O2Gold” or the “Company”) announces today that Roger Lemaitre has resigned as a director of the Company. The board and management thank Mr. Lemaitre for his services and contributions and wish him well in his future endeavours.

    About O2Gold

    O2Gold is a mineral exploration company.

    For additional information, please contact:

    Scott Moore, Chief Executive Officer
    Phone: (416) 861-1685
    Email: smoore@miningsm.com

    Regulatory Statements

    NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    The MIL Network –

  • MIL-OSI USA: Barrasso Statement on Elk Fire Impacting Sheridan County

    US Senate News:

    Source: United States Senator for Wyoming John Barrasso

    CASPER, WY – Today, U.S. Senator John Barrasso (R-Wyo.) released the following statement offering support for those impacted by the Elk Fire in Sheridan County.

    “My prayers are with all those affected by the unprecedented Elk Fire in northern Wyoming. It’s vital that residents of Sheridan County and the surrounding areas follow the local evacuation guidelines. I encourage everyone to monitor the Sheridan County website (http://sheridancountywy.gov) for emergency updates and information on helpful resources.

    “My office is working with the state to do everything we can to assist those on the ground in relief efforts. Thank you to all our brave firefighters in Wyoming who risk their lives to keep us safe and protect our homes and communities.”

    MIL OSI USA News –

  • MIL-OSI: FloQast Partners with CFGI to Drive Financial Transformation and Accounting Excellence in APAC

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Oct. 02, 2024 (GLOBE NEWSWIRE) — FloQast, an Accounting Transformation Platform created by accountants for accountants, announced today a strategic consulting partnership in the Asia Pacific (APAC) region with CFGI, a global leader in advisory, and consulting services. CFGI supports the Office of the CFO and Private Equity Sponsors with all critical finance and accounting operations. The collaboration combines the power of FloQast’s Accounting Transformation Platform with CFGI’s extensive industry expertise to transform critical accounting and finance processes, including the financial close, and compliance and internal controls management.

    Today’s businesses are under significant pressure to transform their accounting and finance operations for greater accuracy and more valuable data and insights— critical for steering organisational strategy. This includes an increased focus on strengthening internal controls to comply with regulations, be audit-ready, and protect the business.

    FloQast addresses these needs by offering accounting teams a wealth of resources to improve communication and transparency, automate time-consuming tasks, and ensure financial accuracy. This empowers them to work collaboratively, reduce errors, and accelerate record-to-report and compliance management processes. CFGI’s deep understanding of finance transformation and optimisation, regulatory environments, and industry-specific challenges will enrich the partnership by providing tailored consulting services to clients seeking greater efficiency, accuracy and scalability.

    “FloQast is proud to extend our successful partnership with CFGI into the Asia Pacific region, building on the strong foundation we’ve established together in other markets with 350 shared customers – and growing – and more than a hundred FloQast implementations,” said Jason Toshack, Managing Director of FloQast Australia. “This collaboration comes at a critical strategic moment for many organizations, and we’re excited to continue providing valuable resources as they pursue financial transformation.”

    “We are very excited to embark on this journey with FloQast to help businesses in the APAC region to accelerate financial transformations and deliver accounting operational excellence,” said Jean-Pierre Henderson, Regional Managing Partner, CFGI. “By combining our expertise in system implementation, back-office transformation and risk and compliance with FloQast’s best-in-class advanced workflow automation, we aim to deliver comprehensive solutions that address the unique challenges faced by finance teams today.”

    Since 2018, FloQast has collaborated with CFGI to enhance financial close solutions in North America, with recent expansion into the DACH and UK regions. This latest collaboration between CFGI and FloQast in the APAC region is built upon CFGI’s dedication to delivering outstanding client service and FloQast’s commitment to innovation, forming a robust foundation for their strategic partnership.

    About FloQast
    FloQast, an Accounting Transformation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

    About CFGI
    CFGI, a Carlyle and CVC Capital Partners portfolio company, is a leading global accounting and business advisory firm. We partner with our clients on their most important regulatory, transaction, and business improvement initiatives. Our team of over 1,000 former Big 4 professionals brings expertise across technical accounting, capital markets, tax, valuation, ESG, transaction advisory, restructuring, and technology solutions — all delivered with an independent and roll-up-the-sleeves approach. CFGI was founded in 2000 and serves thousands of global clients across 19 offices throughout the Americas, Europe, and the Asia Pacific regions.

    Learn more at http://www.cfgi.com.

    Contact:
    Kyle Cabodi
    FloQast Director of Corporate Communications
    kyle.cabodi@floqast.com

    The MIL Network –

  • MIL-OSI Australia: Vaccination the best protection against mpox

    Source: New South Wales Health – State Government

    NSW Health is urging men who have sex with men, sex workers and their sexual partners to get two free doses of mpox vaccine now to combat serious illness amid concerns of rising cases and hospitalisations in NSW.
    NSW Chief Health Officer Dr Kerry Chant said NSW is now seeing the largest mpox outbreak in the state since the first case was confirmed in May 2022, with 433 notifications since 1 June 2024. 
    Of the NSW cases, 37 per cent were fully vaccinated, 14 per cent had received one dose and 46 per cent were not vaccinated.
    Dr Chant said achieving high levels of vaccination in those at risk will provide individual protection against severe illness and help prevent the spread.
    “The rapidly rising numbers of mpox cases detected across the state are very concerning, with 26 people requiring hospitalisation due to the severity of their symptoms,” Dr Chant said.
    “The majority of cases of hospitalisation have been among people who are unvaccinated or have received only one dose of vaccine. While cases of mpox are occurring in vaccinated people, the cases tend to be milder and for a shorter period.
    “Anyone can get mpox, however the virus is mainly spread by close skin to skin contact and people who are at highest risk of mpox are men who have sex with men and sex workers, so we are urging them to complete their vaccinations as two doses can provide vital protection against severe illness caused by the virus.”
    Dr Chant said while the new strain of the mpox virus, clade 1b, has been circulating in Central and West Africa since January 2023, no cases of this strain have been found in Australia.
    ACON CEO Michael Woodhouse urged those at risk to not hesitate in getting fully vaccinated with two doses.
    “People in our communities are at higher risk of acquiring mpox particularly sexually active gay and bisexual men and their partners. Our communities have a long history of doing what it takes to protect ourselves and our partners. Now is one of those times.
    “Two doses of vaccine are required, so anyone who has only received one dose should get a second dose at least 28 days after the first.
    “The mpox vaccine is free for communities at risk of acquiring mpox. You do not need a Medicare card to receive it.
    “All vaccination appointments are private and confidential.”
    To find clinics offering the vaccination, refer to the Mpox vaccination clinics page or call the Sexual Health Infolink: 1800 451 624.
    Western Sydney Local Health District Sexual Health Specialist Dr Rohan Bopage said mpox spreads through close skin-to-skin contact, including sexual contact, and often starts with small pimple-like skin lesions particularly in areas that are hard to see such as the genitals, anus or buttock.
    “Mpox may also spread if you are sharing items, such as bedding, towels or clothes, with someone who has mpox and it can spread to others until the lesions resolve.”
    “Getting diagnosed early helps interrupt the spread so it’s important to be aware of the symptoms of mpox which can include mild fever, headache, fatigue, or swollen lymph nodes and mouth ulcers or rectal pain.
    “Many cases are mild, but people who have any symptoms of mpox, even if they have had the mpox vaccine and even if mild, should immediately contact their GP or sexual health service for an appointment. Ask your doctor if it might be mpox, so testing can be done.”
    For further support, you can also call:

    The Sexual Health Infolink: 1800 451 624
    The Translating and Interpreting Service: 13 14 50 for free help in your language.

    More information on mpox can be found on the NSW Health website here​

    MIL OSI News –

  • MIL-OSI Translation: Cancellation of the mutual termination agreement is equivalent to resignation

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Republic of France in FrenchThe French Republic has issued the following statement:

    Image 1Credits: Richard Villalon – stock.adobe.com

    An employee and his employer sign a conventional termination terminating the employment contract. The employee justifies his departure by his desire for professional retraining. However, he leaves his position in order to create a company competing with that of his employer. The latter learns of this and takes legal action. He requests the cancellation of the termination agreement and mentions that he would not have given his consent to it if he had known his employee’s real plan.

    The Court of Appeal upholds the employer’s request and annuls the mutual termination. In its view, the employee deliberately concealed information in order to obtain the employer’s consent to this termination. The latter is therefore abusive and produces the effects of a resignation. The employee appeals to the Court of Cassation and considers that it cannot be a resignation without a clear and unequivocal intention on his part.

    The Court of Cassation rejects the appeal. According to it, the cancellation of the mutual termination agreement caused by a defect in the employer’s consent produces the effects of a resignation.

    Thus, deliberately concealing information in order to obtain the employer’s consent to a mutual termination produces the effects of a resignation. For the employee, it includes the payment of the compensatory indemnity for notice of resignation and the reimbursement of the severance pay.

    Please note

    This solution is new since it is the first case in which the Court of Cassation has declared the cancellation of a mutual termination agreement due to lack of consent on the part of the employer.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Australia: Lineage’s proposed acquisition of Fremantle City Coldstores not opposed

    Source: Australian Competition and Consumer Commission

    The ACCC will not oppose the acquisition of Perth-based cold storage supplier Bigstreet Pty Ltd trading as Fremantle City Coldstores (FCC) by Australian subsidiaries of Lineage Logistics Holdings LLC.

    Lineage and FCC supply cold storage and warehousing services to a range of customers in Perth, including food manufacturers, retailers, and meat and seafood processors.

    The ACCC’s review focused on whether the removal of FCC as a result of the proposed acquisition would substantially lessen competition in the supply of cold storage services in Perth. This included testing the closeness of competition between Lineage and FCC.

    “During our investigation, we engaged with a range of industry participants, including customers of both FCC and Lineage. We ultimately found that the transaction would not be likely to substantially lessen competition,” ACCC Commissioner Dr Philip Williams said.

    The review found that while Lineage and FCC do compete to supply a similar group of customers in Perth, FCC represents a small portion of the total Perth market.

    The combined Lineage-FCC entity will continue to face competition from significant competitors such as Americold, Golden West, and several other smaller suppliers.

    “Our consultation with the market has confirmed that recent expansions by competitors have led to additional capacity for cold storage in Perth. This additional capacity means customers will continue to be able to switch cold storage suppliers to seek better prices or service quality,” Dr Williams said.

    More information can be found on the ACCC’s website at Lineage Logistics Holdings LLC – Fremantle City Coldstores.

    Notes to editor

    In considering the proposed acquisition, the ACCC applies the legal test set out in section 50 of the Competition and Consumer Act.

    In general terms, section 50 prohibits acquisitions that would have the effect, or be likely to have the effect, of substantially lessening competition in any market.

    Background

    Lineage is a global cold storage and logistics business with cold storage facilities throughout Australia. Lineage currently has two Perth facilities located in Welshpool and Banjup. It provides temperature-controlled storage as well as additional services including blast freezing, picking and packing, container loading and unloading, transport, and export documentation.

    FCC operates a single cold storage facility in Spearwood, near the port of Fremantle. As well as temperature-controlled storage, it supplies services including blast freezing, picking and packing, container loading and unloading, and export documentation.

    In conducting this review, the ACCC has taken into account its findings in an ex-post review of Emergent Cold’s acquisition of AB Oxford Cold Storage in Victoria. This ex post review provided the ACCC with important insights into the market dynamics of cold storage in Victoria post completion of Emergent Cold’s acquisition. The link to the report can be found here: Ex post review of ACCC merger decisions.

    MIL OSI News –

  • MIL-Evening Report: Is stress turning my hair grey?

    Source: The Conversation (Au and NZ) – By Theresa Larkin, Associate Professor of Medical Sciences, University of Wollongong

    Oksana Klymenko/Shutterstock

    When we start to go grey depends a lot on genetics.

    Your first grey hairs usually appear anywhere between your twenties and fifties. For men, grey hairs normally start at the temples and sideburns. Women tend to start greying on the hairline, especially at the front.

    The most rapid greying usually happens between ages 50 and 60. But does anything we do speed up the process? And is there anything we can do to slow it down?

    You’ve probably heard that plucking, dyeing and stress can make your hair go grey – and that redheads don’t. Here’s what the science says.

    What gives hair its colour?

    Each strand of hair is produced by a hair follicle, a tunnel-like opening in your skin. Follicles contain two different kinds of stem cells:

    • keratinocytes, which produce keratin, the protein that makes and regenerates hair strands
    • melanocytes, which produce melanin, the pigment that colours your hair and skin.

    There are two main types of melanin that determine hair colour. Eumelanin is a black-brown pigment and pheomelanin is a red-yellow pigment.

    The amount of the different pigments determines hair colour. Black and brown hair has mostly eumelanin, red hair has the most pheomelanin, and blonde hair has just a small amount of both.

    So what makes our hair turn grey?

    As we age, it’s normal for cells to become less active. In the hair follicle, this means stem cells produce less melanin – turning our hair grey – and less keratin, causing hair thinning and loss.

    As less melanin is produced, there is less pigment to give the hair its colour. Grey hair has very little melanin, while white hair has none left.

    Unpigmented hair looks grey, white or silver because light reflects off the keratin, which is pale yellow.

    Grey hair is thicker, coarser and stiffer than hair with pigment. This is because the shape of the hair follicle becomes irregular as the stem cells change with age.

    Interestingly, grey hair also grows faster than pigmented hair, but it uses more energy in the process.

    Can stress turn our hair grey?

    Yes, stress can cause your hair to turn grey. This happens when oxidative stress damages hair follicles and stem cells and stops them producing melanin.

    Oxidative stress is an imbalance of too many damaging free radical chemicals and not enough protective antioxidant chemicals in the body. It can be caused by psychological or emotional stress as well as autoimmune diseases.

    Environmental factors such as exposure to UV, pollution, as well as smoking and some drugs, can also play a role.

    Melanocytes are more susceptible to damage than keratinocytes because of the complex steps in melanin production. This explains why ageing and stress usually cause hair greying before hair loss.

    Scientists have been able to link less pigmented sections of a hair strand to stressful events in a person’s life. In younger people, whose stems cells still produced melanin, colour returned to the hair after the stressful event passed.

    4 popular ideas about grey hair – and what science says

    1. Does plucking a grey hair make more grow back in its place?

    No. When you pluck a hair, you might notice a small bulb at the end that was attached to your scalp. This is the root. It grows from the hair follicle.

    Plucking a hair pulls the root out of the follicle. But the follicle itself is the opening in your skin and can’t be plucked out. Each hair follicle can only grow a single hair.

    It’s possible frequent plucking could make your hair grey earlier, if the cells that produce melanin are damaged or exhausted from too much regrowth.

    2. Can my hair can turn grey overnight?

    Legend says Marie Antoinette’s hair went completely white the night before the French queen faced the guillotine – but this is a myth.

    It is not possible for hair to turn grey overnight, as in the legend about Marie Antoinette.
    Yann Caradec/Wikimedia, CC BY-NC-SA

    Melanin in hair strands is chemically stable, meaning it can’t transform instantly.

    Acute psychological stress does rapidly deplete melanocyte stem cells in mice. But the effect doesn’t show up immediately. Instead, grey hair becomes visible as the strand grows – at a rate of about 1 cm per month.

    Not all hair is in the growing phase at any one time, meaning it can’t all go grey at the same time.

    3. Will dyeing make my hair go grey faster?

    This depends on the dye.

    Temporary and semi-permanent dyes should not cause early greying because they just coat the hair strand without changing its structure. But permanent products cause a chemical reaction with the hair, using an oxidising agent such as hydrogen peroxide.

    Accumulation of hydrogen peroxide and other hair dye chemicals in the hair follicle can damage melanocytes and keratinocytes, which can cause greying and hair loss.

    4. Is it true redheads don’t go grey?

    People with red hair also lose melanin as they age, but differently to those with black or brown hair.

    This is because the red-yellow and black-brown pigments are chemically different.

    Producing the brown-black pigment eumelanin is more complex and takes more energy, making it more susceptible to damage.

    Producing the red-yellow pigment (pheomelanin) causes less oxidative stress, and is more simple. This means it is easier for stem cells to continue to produce pheomelanin, even as they reduce their activity with ageing.

    With ageing, red hair tends to fade into strawberry blonde and silvery-white. Grey colour is due to less eumelanin activity, so is more common in those with black and brown hair.

    Your genetics determine when you’ll start going grey. But you may be able to avoid premature greying by staying healthy, reducing stress and avoiding smoking, too much alcohol and UV exposure.

    Eating a healthy diet may also help because vitamin B12, copper, iron, calcium and zinc all influence melanin production and hair pigmentation.

    Theresa Larkin 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. Is stress turning my hair grey? – https://theconversation.com/is-stress-turning-my-hair-grey-239100

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Police nab haul of illicit weapons

    Source: New Zealand Police (National News)

    Police have shut down a social media operation selling restricted weapons from an Auckland suburb.

    In the process Police have recovered dozens of stun devices, OC spray, knives and nearly two kilograms of cannabis to boot.

    An investigation has been ongoing into the operation that has allegedly been selling the restricted weapons.

    Auckland City West Area Commander, Inspector Alisse Robertson says Police executed a search warrant at a Blockhouse Bay property on Wednesday.

    “Our investigation staff have been looking into tasers and OC spray being sold on Facebook,” she says.

    “The investigation led us to the address where we located a person of interest in this case.”

    A thorough search uncovered 29 canisters of OC Spray, 27 stun guns, as well as more than 1.6kg of cannabis.

    “Concerningly a large number of these were all set up and ready for sale,” Inspector Robertson says.

    A 28-year-old woman was arrested at the address.

    Police have since charged her with a representative charge of possessing a restricted weapon, as well as possession for supply of cannabis.

    The woman is appearing in the Auckland District Court today and Police are opposing her bail.

    Inspector Robertson says: “This is a really good outcome for the community, with dozens of these dangerous weapons out of circulation and another supply line shut down.

    “I’d like to acknowledge the range of staff who worked on this on Wednesday, from our front-line staff through to Tactical Crime Unit with support from colleagues further afield in Auckland.”

    Police enquiries will continue as a result of Wednesday’s search warrant.

    Inspector Robertson says Police continue to encourage the public to report any illegal activity taking place in their communities, whether that’s in proximity or online.

    Information can be reported through 105 channels or by contacting Crime Stoppers anonymously on 0800 555 111.

    ENDS. 

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI Banking: Get ready for the 2025 Microsoft Imagine Cup: Let the innovation begin

    Source: Microsoft

    Headline: Get ready for the 2025 Microsoft Imagine Cup: Let the innovation begin

    Turn your innovative idea into reality with the Microsoft Imagine Cup

    Are you a student with an original idea that could possibly change the world? The 2025 Microsoft Imagine Cup is your opportunity to develop your idea, showcase your solution, and shine on a global stage.

    Register now for the 2025 Imagine Cup!

    The Imagine Cup is the premier global technology competition for student founders leveraging AI to push the boundaries of innovation. Unlock your startup’s potential with the Imagine Cup and turn your innovative idea into a market-ready startup.

    Benefits of participating in Imagine Cup 

    • Access to AI technology with Microsoft for Startups Founders Hub: All competitors will gain free access to industry-leading AI services, Azure credits with fewer restrictions, and essential tools to accelerate your growth and scale quickly through Founders Hub. Build with AI that meets your unique needs using Azure AI Studio. With models like OpenAI GPT-4o, Microsoft Research Phi-3, and Meta’s Llama 3.1, you’ll have the resources to develop scalable and impactful AI solutions.
    • Expert technical advice and founder guidance: Throughout the competition, you’ll receive support to grow your idea into a viable solution, making Imagine Cup a crucial step in your ongoing journey. Receive personalized one-on-one coaching from Microsoft experts to refine your pitch. Within Microsoft for Startups Founders Hub, you can gain access to the Expert Network to seek advice and feedback on immediate business challenges, and Azure Pairing sessions to get advice from Azure engineers on the latest in AI, optimizing infrastructure, reducing costs, and more.
    • Global recognition and networking with industry leaders: Connect with a global network of fellow founders and industry leaders. Increase your international visibility as you progress further through the competition with featured content about your startup on Microsoft social channels. Select finalists may also have the opportunity to attend Microsoft Build in person, where they will present, gain exposure, and make essential connections

    The winning team will receive USD100,000* and an exclusive mentoring session with Microsoft Chairman and CEO, Satya Nadella! The two runner-up teams will each receive USD25,000.

     

    Optional idea submissions for early feedback are due October 31, 2024 and MVP submissions are due January 22, 2025. Get started today and register for 2025 Imagine Cup to start building the future.

    What’s next?

    • Register for 2025 Imagine Cup! You can manage your team and personal profile on your account page.
    • Sign up for Microsoft for Startups Founders Hub to gain access to industry-leading AI services, credits, and essential tools. Sign up with the same email address and select Imagine Cup as your Microsoft partner.
    • Submit a Lean Canvas to the optional idea round by October 31, 2024 for a chance to gather early feedback from industry experts prior to building your minimum viable product (MVP). An MVP is required for general submission on January 22, 2025. Additional information on the competition structure is listed below.
    • Join us on Discord to seek technical help, find teammates, and connect with Imagine Cup participants. 

    Need some inspiration?

    Join the Student Innovator Series through Microsoft Reactor for an Imagine Cup kickoff and deep dive sessions on Azure AI and Microsoft for Startups Founders Hub to learn how to build your MVP.

    To kick off the 2025 Imagine Cup competition, join one of two live events on October 1st at 9:00 am PT (UTC -7) or 5:00 pm PT (UTC -7). Unable to join the kickoffs live? Not to worry – click the links to watch on demand and check out the rest of the Student Innovator Series to help you on your competition journey.

    Check out these other upcoming sessions you don’t want to miss to learn how to build an AI-driven solution:

    • Azure OpenAI and Azure AI Search (Python)
    • GitHub Copilot Adventures
    • Serverless AI Chat with RAG using LangChain.js
    • Microsoft for Startups Founders Hub Welcome Day

    * Multiple times and dates available, check the full list of events and register for free at https://aka.ms/StudentInnovatorSeries

    Watch a recap of the exciting final round from last year’s competition. Ideas from past Imagine Cup competitions have inspired countless new innovations! Driven from personal experience and a mission to improve the lives of the visually impaired, last year’s World Champion FROM YOUR EYES developed a mobile application and API, which offers real-time visual explanations to users with a vision disability.

    Competition Structure and Helpful Resources

    Optional: Idea Submission / submit by October 31, 2024

    You’ve registered for the Imagine Cup and applied to Microsoft for Startups Founders Hub. Now, submit a completed Lean Canvas to the optional Idea Submission round and receive early support, expert feedback, and valuable resources to build a uniquely positioned idea to submit for the minimal viable product round Lean Canvas is a one-page business model that helps quickly and effectively communicate business ideas and strategies. Don’t miss this opportunity—submit by October 31! 

    Helpful resources for getting started:

    MVP Submission / submit by January 22, 2025

    Submit your MVP including a pitch deck and a recorded video of your pitch and demo to showcase its functionality and impact. Ensure this version is demo ready for judges and includes sufficient features and functionality to satisfy early adopters.

    Helpful resources for getting started:

    Semifinals / March 2025

    Gain access to additional benefits to accelerate your growth, including mentorship, global recognition, and expert guidance within Microsoft for Startups Founders Hub. In this round, you will participate in a deep dive technical review with Microsoft experts, work on your pitch and strategy with mentors and experts, and pitch live to a virtual panel of judges. 

    World Championship / May 2025

    The World Championship is the culmination of the competition, where teams continue to hone their pitch with additional mentoring. This round may take place virtually or in person, with the top three teams presenting live to a panel of judges who are experts in their respective field. Teams are competing for the ultimate prize of USD100,000 and a mentorship session with Microsoft Chairman and CEO, Satya Nadella! Step into the spotlight and demonstrate how AI can drive innovation and positive change. 

     

    Review the Imagine Cup Official Rules and Regulations to understand what is required for each competition round.

    Dream it. Build it. Live it.

    The competition is just getting started, so stay tuned and follow us on X, Instagram, LinkedIn, and Facebook for exciting announcements and the latest updates.

    Remember, MVP submissions are due January 22, 2025 so get started today and register for 2025 Imagine Cup to start building the future.

    Register for the 2025 Imagine Cup

    Happy Innovating!

    The Imagine Cup team

    *Open only to enrolled high-school or college/university students 18+. For additional eligibility criteria, round start/end dates, and detailed instructions on how to participate, see the Imagine Cup Official Rules and Regulations.

    MIL OSI Global Banks –

  • MIL-OSI Russia: Australia: Staff Concluding Statement of the 2024 Article IV Mission

    Source: IMF – News in Russian

    October 2, 2024

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    • Growth has slowed; while inflation is retreating from its peak, it remains elevated as demand-supply imbalances persist particularly in sectors like rents, new dwellings and insurance. The mission projects a modest economic recovery next year, pushing growth from 1.2 percent for 2024 to 2.1 percent for 2025, bolstered by real income growth and resilient labor markets. The uncertain global environment and geoeconomic fragmentation pose significant external risks.
    • Near-term policies should continue to focus on reducing inflation while nurturing economic growth. The Reserve Bank of Australia’s continued restrictive monetary policy stance aimed at combating persistent inflation is appropriate. Should disinflation stall, policies may need to be further tightened while preserving targeted support to vulnerable households amid rising living costs. Financial sector policies should prioritize preserving stability, while tackling localized vulnerabilities arising from tightened financial conditions. Addressing the housing affordability challenges requires a holistic approach to tackle the continued supply shortfall.
    • Australia’s robust economic institutions and policy frameworks can be further enhanced to underpin stability and foster growth in the long term. Structural policies should focus on enhancing resilience, revitalizing productivity growth through enhancing competition and innovation — including leveraging AI technology responsibly — and strategically navigating the climate transition.

    Washington, DC:

    I. CONTEXT AND RECENT DEVELOPMENTS

    1. Australia’s resilient economy faces cyclical challenges. Recent decades of strong growth are attributed to effective policies, strong institutions, flexible prices, strong regional trade links, and robust population growth. Post-pandemic stabilization efforts have included a balanced set of macro policy measures to manage demand and bring inflation back to target while preserving the gains in the labor market. Progress in reducing price pressures and bringing inflation back to target has been slower than expected. In this context, significant policy challenges remain in rebalancing the economy while navigating cyclical headwinds.
    2. Economic growth has continued to decelerate. Under tightened policies, growth slowed to 1.0 percent (y/y) in the second quarter of 2024, down from 1.9 percent (y/y) a year ago. Per capita private consumption was down 1.9 percent (y/y) in 2024Q2, as real disposable income per capita declined due to high inflation, elevated interest rates, and tax payments growing faster than incomes prior to recent income tax cuts. Younger Australians, who are more likely to rent or hold mortgages, have seen a greater impact on spending. Despite recent resilience, private business investment has started easing, growing at just 1.6 percent (y/y). Economic activity has been supported by public demand and large state infrastructure projects. The labor market has eased somewhat but remains relatively resilient, with unemployment at 4.2 percent in August 2024, and the vacancies-to-unemployment ratio still above pre-pandemic levels. The current account fell into deficit in early 2024, driven primarily by the normalization of commodity prices.
    3. Inflation has continued to ease from post-pandemic highs, but price pressures remain elevated. Restrictive monetary policy and an easing in supply pressures led to headline inflation falling to 3.8 percent (y/y) in the second quarter of 2024 from a peak of 7.8 percent (y/y) in late 2022. Headline inflation—as measured by the monthly CPI indicator—declined to below 3 percent in August due in part to sizeable temporary electricity subsidies. However, underlying price pressures remain elevated, most notably in non-tradable sectors like rents, new dwellings, and insurance, reflecting ongoing demand-supply imbalances. The mission welcomes the second consecutive Commonwealth Government budget surplus in FY2023/24. This was achieved by saving revenue windfalls from a resilient labor market and higher commodity prices, and identifying expenditure reductions or reprioritizations, while implementing cost-of-living relief measures. While acute demand and supply imbalances in the housing market have begun to ease, national house prices have surpassed pandemic-era peaks and the momentum persists, with rents also rising significantly.

    II. OUTLOOK AND RISKS

    1. The economy is projected to recover gradually. Growth is expected to start picking up in the second half of the year, reaching 1.2 percent for 2024 and 2.1 percent for 2025. Real wage growth is expected to boost private consumption, while public demand is expected to remain solid. Meanwhile, it remains too early to assess to what extent the recent income tax cuts would be saved or spent by households. Starting in 2025, private demand is also expected to benefit from gradual monetary policy easing and a rebound in dwelling construction after the resolution of bottlenecks. However, growth will remain below its potential rate until 2026, when it is forecast to converge to 2.3 percent. Labor market conditions are anticipated to soften gradually, with a modest rise in unemployment to about 4.5 percent. Trimmed mean inflation is expected to sustainably return to the RBA’s target range at end-2025, with underlying price pressures easing only slowly. Upside risks to inflation include a slower than forecast rebalancing in labor market demand and supply, potential larger fiscal impulses, demand impact of recent house price increases, and higher tradable prices due to rising geoeconomic fragmentation.
    2. With large uncertainty surrounding the macroeconomic baseline, the balance of risks is tilted to the downside:
    • External risks: The uncertain external environment, including weakness in major trading partners, poses risks to Australia’s growth. Geoeconomic fragmentation, which could potentially reconfigure global trade, poses risks to external demand, especially given Australia’s sizeable commodity exports and diverse trading partners. Rising shipping costs and volatile energy and food costs stemming from global geopolitical tensions could complicate the fight against inflation. At the same time, Australia’s pivotal role in the Pacific in providing aid and remittances, enhances regional economic stability and development. Additionally, Australia’s economy continues to benefit from positive regional interactions, such as labor migration that addresses domestic capacity constraints and skills shortages.
    • Domestic risks: The disinflation process may stall due to persistent services inflation, a stronger-than-expected fiscal impulse, or spillovers from global trade and supply chain disruptions; this may in turn raise prospects of higher-for-even longer interest rates, with implications for consumption and investment. Conversely, growth may be weaker than forecast, or unemployment may rise faster than projected (for example, if the current labor market tightness proves to be localized), potentially requiring the Reserve Bank to lower interest rates sooner.

    III. NEAR-TERM POLICIES TO BRING DOWN INFLATION WHILE NURTURING GROWTH AND PRESERVING FINANICAL STABILITY

    1. Near-term policies should focus on managing the final phase of returning inflation to target while nurturing growth. The baseline policy mix should be orchestrated carefully to achieve these objectives and ensure price and financial stability. The current restrictive monetary policy stance is essential to address risks of prolonged inflation. Fiscal policy should support disinflation as the economy continues to grapple with supply capacity constraints. Additionally, macroprudential policies should maintain a stringent stance to mitigate the risk of excessive vulnerabilities in household balance sheets, particularly in the context of rising house prices. Should disinflation stall, monetary policy may need to be further tightened, supported by tighter fiscal policy while nurturing growth, and preserving targeted support to vulnerable households amid rising living costs. This contingent policy mix should ensure monetary and fiscal authorities complement each other to avoid overburdening any single policy instrument. In the face of external shocks, Australia’s commitment to a flexible exchange rate, will allow monetary policy to focus on domestic policy objectives.
    2. In this context, the RBA’s decision to maintain its restrictive policy stance in the near-term is appropriate. The still persistent inflation and emerging upside risks emphasize the importance of a tight monetary stance until the inflation outlook sustainably aligns with the target range. This stance is supported by the strong transmission of monetary policy through the Australian housing sector, largely due to a high proportion of variable-rate mortgages, and a possibly slow yet important transmission via non-mining business investment. While inflation expectations have remained anchored, the RBA should continue to build on its recent efforts and explore ways to further strengthen its communications capabilities and effectively guide the general public’s and the market’s understanding of its data dependent decision-making process and their expectations regarding policy shifts in an uncertain global policy environment.
    3. Should disinflation stall, a tighter fiscal stance would be warranted, while better targeting of transfers could more efficiently support vulnerable households. The FY2024/25 Commonwealth budget is projected to deliver a positive fiscal impulse based on the mission’s estimates. A preannounced personal income tax (PIT) cut and new expenditure items including broad-based cost-of-living support, are expected to contribute to moving the budget to a deficit. The mission’s analysis shows that while the cost-of-living support lowers the price level on a temporary basis, it may inject some additional stimulus into the broader economy. The permanent PIT cut increase households’ disposable income, but it remains too early to assess the extent to which they will be saved or spent and therefore the extent and timing of any impulse to demand. State and Territory budgets have proven more expansionary than expected in the near-term, incorporating further cost-of-living support and infrastructure spending. Should disinflation stall, expenditure rationalization at all levels of government could help lower aggregate demand and support a faster return of inflation to target. In particular, infrastructure spending could be carefully prioritized to avoid aggravating construction capacity constraints, by focusing on boosting productivity and facilitating the green transition. In addition, transfers should be made targeted wherever possible.
    4. Financial sector policies should prioritize maintaining stability, while carefully addressing localized vulnerabilities arising from tightened financial conditions. Banks are in a strong position, showcasing high capital levels, solid liquidity, and healthy profits, while also demonstrating resilience in recent stress tests conducted by the Australian Prudential Regulation Authority (APRA). While most households and businesses continue to be resilient, financial pressures are evident in vulnerabilities in low-income households and small-medium enterprises, and challenges to firms’ profitability under tight financial conditions. More generally, concerns about hidden leverage or vulnerabilities, combined with new and emerging global risks, could resurface. Thus, the mission welcomes APRA’s plan for the first system stress test to better understand interconnectedness across the financial system, providing a platform to quantify, assess and respond to identified risks. The mission team also welcomes APRA’s close monitoring of lending standards and regular review of macroprudential policy settings and would reiterate its recommendation that the authorities consider preemptively expanding their toolkit to include additional borrower-based measures, such as Debt-to-Income and Loan-to-Value Ratio, to manage household indebtedness and ensure financial stability amidst the housing market pressures. While financial supervisory and regulatory reforms have been undertaken to enhance resilience, data gaps on Non-Bank Financial Institutions pose challenges to effective risk oversight, including its exposure to commercial real estate (CRE) sector.
    5. A holistic policy package is needed to address housing affordability issues. Australia faces a significant housing supply shortfall, exacerbated by structural challenges such as restrictive planning and zoning regulations, high land costs, infrastructure deficits, and residential dwelling investment around decade lows. These barriers, coupled with high interest rates, elevated building costs, and labor shortages, have led to a substantial backlog in housing development, contributing to escalating prices and affordability concerns. To address these issues, a comprehensive strategy is essential, focusing on increasing construction worker supply, relaxing zoning and planning restrictions, supporting the built-to-rent sector, expanding public and affordable housing, and reevaluating property taxes (including tax concessions to property investors) and stamp duty to promote efficient land use. At the same time, capital flow management (CFM) measures that discriminate between residents and nonresidents are not consistent with the Fund’s Institutional View and should be replaced by non-discriminatory measures.

    IV. Medium-Term Reform Priorities to Strengthen Economic Resilience

    1. Australia’s robust economic institutions and policy frameworks can be further enhanced to underpin stability and foster growth. The establishment of a new Monetary Policy Board and strengthened governance arrangements and decision-making processes, in line with international best practices, would bolster central bank operational autonomy and enhance monetary-fiscal policy synergies. Tax reforms should target system efficiency and fairness, reducing reliance on direct taxes and high capital costs that hinder growth. Tax breaks, including from capital gains tax discount and superannuation concessions, could be phased out to generate a more equitable and efficient tax system. Forthcoming environmental and demographic changes will put structural upwards pressures on government spending. Expenditure reforms should therefore aim to enhance spending efficiency and sustainability, emphasizing improved governance in infrastructure projects and strengthening intergovernmental collaboration. The aged care reforms and NDIS review represent positive forward steps. As long-term spending pressures rise, the authorities can consider bolstering their fiscal policy framework with clearer anchors.
    2. Efforts to rejuvenate Australia’s productivity growth, including through competition policy, should be prioritized, focusing on reforms across capital and labor markets. Initiatives grounded in the five pillar Productivity Agenda—emphasizing innovation, a level playing field for firms, and human capital enhancement—are crucial for resilient medium-term growth. Enhancing innovation through building intangible capital, promoting R&D, creating a supportive environment for swift adoption of technologies, supporting intellectual property rights, and ensuring policy certainty are vital. The work of the authorities to improve the competition landscape, including data-based assessments of the use and impact of worker restraints (non-compete clauses), and reforms of merger rules towards a risk-based system using notification thresholds, together with initiatives to support labor market efficiency including expanding access to quality early childhood education and enhancing skills development to align with market needs, are critical for bolstering productivity.
    3. The advent of AI technologies introduces both opportunities and challenges to the Australian labor market, necessitating proactive labor market policies. With a significant portion of occupations highly exposed to AI, reminiscent of other advanced economies, the focus should be given to public awareness programs, as well as ensuring appropriate access to training and upskilling for workers who may be affected. These measures, coupled with ongoing assessment and policy flexibility, should aim to maximize AI’s productivity benefits, while mitigating the risks of job displacement and worsening inequality. This approach underscores the importance of agility and adaptation in policymaking to keep pace with rapidly evolving technological advancements. Efforts at the country level, must be complemented by multilateral collaboration, to ensure safe and responsible AI use globally.
    4. Australia’s approach to climate change and the global transition presents a multifaceted challenge, balancing risks and opportunities. To ensure an orderly transition to a low-carbon economy, a balanced mix of mitigation and adaptation, combined with transition policies, is crucial. Progress towards ambitious emission reduction goals necessitates addressing construction bottlenecks and community engagement issues, and potential solutions include an economy-wide carbon price or targeted sectoral policies. The domestic and global transition toward renewable energy would likely impact jobs, exports, and revenues, particularly given Australia’s status as a leading coal exporter. Thus, adapting to climate risks and fostering resilience, particularly in the financial sector and vulnerable communities, is of paramount importance. At the same time, emerging opportunities in green metals, green hydrogen and critical minerals mining and processing could mitigate these risks.
    5. Australia’s continued efforts to support multilateral solutions are welcome, including the rules-based international trading system. In this respect, the “Future Made in Australia” program goal of supporting the green transition, should be balanced with efforts for a careful design of the program and keeping it narrowly targeted to where market solutions fall short due to the presence of externalities or other market imperfections. In this context, adherence to core market-based principles, that are essential to minimizing trade and investment distortions in line with WTO obligations, crowding in private investments, while supporting economic resilience and net-zero objectives, would be key. Finally, the mission team would like to commend Australia’s continued voluntary participation in the review of transnational aspects of corruption through which the country is sending a powerful positive signal, which, if followed by other advanced economies, will help address more systematically transnational aspects of corruption and deliver a better governance world.

    The IMF mission team would like to express its deep appreciation to the Australian authorities and other interlocutors for their close engagement and cooperation. Our unstinting gratitude particularly goes to the counterparts at the Treasury and the Reserve Bank of Australia for the substantial time and effort devoted to supporting our work. The team looks forward to maintaining this constructive engagement and policy dialogue.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Rahim Kanani

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/02/mcs-australia-staff-concluding-statement-of-the-2024-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Russia: Australa: Staff Concluding Statement of the 2024 Article IV Mission

    MILES AXLE Translation. Region: Russian Federation –

    Source: IMF – News in English

    October 2, 2024

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Growth has slowed; while inflation is retreating from its peak, it remains elevated as demand-supply imbalances persist particularly in sectors like rents, new dwellings and insurance. The mission projects a modest economic recovery next year, pushing growth from 1.2 percent for 2024 to 2.1 percent for 2025, bolstered by real income growth and resilient labor markets. The uncertain global environment and geoeconomic fragmentation pose significant external risks. Near-term policies should continue to focus on reducing inflation while nurturing economic growth. The Reserve Bank of Australia’s continued restrictive monetary policy stance aimed at combating persistent inflation is appropriate. Should disinflation stall, policies may need to be further tightened while preserving targeted support to vulnerable households amid rising living costs. Financial sector policies should prioritize preserving stability, while tackling localized vulnerabilities arising from tightened financial conditions. Addressing the housing affordability challenges requires a holistic approach to tackle the continued supply shortfall. Australia’s robust economic institutions and policy frameworks can be further enhanced to underpin stability and foster growth in the long term. Structural policies should focus on enhancing resilience, revitalizing productivity growth through enhancing competition and innovation – including leveraging AI technology responsibly – and strategically navigating the climate transition.

    Washington, DC:

    I. CONTEXT AND RECENT DEVELOPMENTS

    Australia’s resilient economy faces cyclical challenges. Recent decades of strong growth are attributed to effective policies, strong institutions, flexible prices, strong regional trade links, and robust population growth. Post-pandemic stabilization efforts have included a balanced set of macro policy measures to manage demand and bring inflation back to target while preserving the gains in the labor market. Progress in reducing price pressures and bringing inflation back to target has been slower than expected. In this context, significant policy challenges remain in rebalancing the economy while navigating cyclical headwinds. Economic growth has continued to decelerate. Under tightened policies, growth slowed to 1.0 percent (y/y) in the second quarter of 2024, down from 1.9 percent (y/y) a year ago. Per capita private consumption was down 1.9 percent (y/y) in 2024Q2, as real disposable income per capita declined due to high inflation, elevated interest rates, and tax payments growing faster than incomes prior to recent income tax cuts. Younger Australians, who are more likely to rent or hold mortgages, have seen a greater impact on spending. Despite recent resilience, private business investment has started easing, growing at just 1.6 percent (y/y). Economic activity has been supported by public demand and large state infrastructure projects. The labor market has eased somewhat but remains relatively resilient, with unemployment at 4.2 percent in August 2024, and the vacancies-to-unemployment ratio still above pre-pandemic levels. The current account fell into deficit in early 2024, driven primarily by the normalization of commodity prices. Inflation has continued to ease from post-pandemic highs, but price pressures remain elevated. Restrictive monetary policy and an easing in supply pressures led to headline inflation falling to 3.8 percent (y/y) in the second quarter of 2024 from a peak of 7.8 percent (y/y) in late 2022. Headline inflation—as measured by the monthly CPI indicator—declined to below 3 percent in August due in part to sizeable temporary electricity subsidies. However, underlying price pressures remain elevated, most notably in non-tradable sectors like rents, new dwellings, and insurance, reflecting ongoing demand-supply imbalances. The mission welcomes the second consecutive Commonwealth Government budget surplus in FY2023/24. This was achieved by saving revenue windfalls from a resilient labor market and higher commodity prices, and identifying expenditure reductions or reprioritizations, while implementing cost-of-living relief measures. While acute demand and supply imbalances in the housing market have begun to ease, national house prices have surpassed pandemic-era peaks and the momentum persists, with rents also rising significantly.

    I. OUTLOOK AND RISK

    The economy is designed to recover gradually. Growth is expected to start picking up in the second half of the year, reaching 1.2 percent for 2024 and 2.1 percent for 2025. Real wage growth is expected to boost private consumption, while public demand is expected to remain solid. Meanwhile, it remains too early to assess to what extent the recent income tax cuts would be saved or spent by households. Starting in 2025, private demand is also expected to benefit from gradual monetary policy easing and a rebound in dwelling construction after the resolution of bottlenecks. However, growth will remain below its potential rate until 2026, when it is forecast to converge to 2.3 percent. Labor market conditions are anticipated to soften gradually, with a modest rise in unemployment to about 4.5 percent. Trimmed mean inflation is expected to sustainably return to the RBA’s target range at end-2025, with underlying price pressures easing only slowly. Upside risks to inflation include a slower than forecast rebalancing in labor market demand and supply, potential larger fiscal impulses, demand impact of recent house price increases, and higher tradable prices due to rising geoeconomic fragmentation. With large uncertainty surrounding the macroeconomic baseline, the balance of risks is tilted to the downside: External risks: The uncertain external environment, including weakness in major trading partners, poses risks to Australia’s growth. Geoeconomic fragmentation, which could potentially reconfigure global trade, poses risks to external demand, especially given Australia’s sizeable commodity exports and diverse trading partners. Rising shipping costs and volatile energy and food costs stemming from global geopolitical tensions could complicate the fight against inflation. At the same time, Australia’s pivotal role in the Pacific in providing aid and remittances, enhances regional economic stability and development. Additionally, Australia’s economy continues to benefit from positive regional interactions, such as labor migration that addresses domestic capacity constraints and skill shortages. Domestic risks: The disinflation process may stall due to persistent services inflation, a stronger-than-expected fiscal impulse, or spillovers from global trade and supply chain disruptions; this may in turn raise prospects of higher-for-even longer interest rates, with implications for consumption and investment. Conversely, growth may be weaker than forecast, or unemployment may rise faster than projected (for example, if the current labor market tightness proves to be localized), potentially requiring the Reserve Bank to lower interest rates sooner.

    III. NEAR-TERM POLICIES TO BRING DOWN INFLATION WHILE NURTURING GROWTH AND PRESERVING FINANCIAL STABILITY

    Near-term policies should focus on managing the final phase of returning inflation to target while nurturing growth. The baseline policy mix should be orchestrated carefully to achieve these objectives and ensure price and financial stability. The current restrictive monetary policy stance is essential to address the risks of prolonged inflation. Fiscal policy should support disinflation as the economy continues to grapple with supply capacity constraints. Additionally, macroprudential policies should maintain a stringent stance to mitigate the risk of excessive vulnerabilities in household balance sheets, particularly in the context of rising house prices. Should disinflation stall, monetary policy may need to be further tightened, supported by tighter fiscal policy while nurturing growth, and preserving targeted support to vulnerable households amid rising living costs. This contingent policy mix should ensure monetary and fiscal authorities complement each other to avoid overburdening any single policy instrument. In the face of external shocks, Australia’s commitment to a flexible exchange rate, will allow monetary policy to focus on domestic policy objectives.
    In this context, the RBA’s decision to maintain its restrictive policy stance in the near-term is appropriate. The still persistent inflation and emerging upside risks emphasizing the importance of a tight monetary stance until the inflation outlook sustainably aligns with the target range. This stance is supported by the strong transmission of monetary policy through the Australian housing sector, largely due to a high proportion of variable-rate mortgages, and a possibly slow yet important transmission via non-mining business investment. While inflation expectations have remained anchored, the RBA should continue to build on its recent efforts and explore ways to further strengthen its communications capabilities and effectively guide the general public’s and the market’s understanding of its data dependent decision-making process and their expectations regarding policy shifts in an uncertain global policy environment.
    Should disinflation stall, a tighter fiscal stance would be warranted, while better targeting of transfers could more efficiently support vulnerable households. The FY2024/25 Commonwealth budget is projected to deliver a positive fiscal impulse based on the mission’s estimates. A preannounced personal income tax (PIT) cut and new expenditure items including broad-based cost-of-living support, are expected to contribute to moving the budget to a deficit. The mission’s analysis shows that while the cost-of-living support lowers the price level on a temporary basis, it may inject some additional stimulus into the broader economy. The permanent PIT cut increase households’ disposable income, but it remains too early to assess the extent to which they will be saved or spent and therefore the extent and timing of any impulse to demand. State and Territory budgets have proven more expansionary than expected in the near-term, including further cost-of-living support and infrastructure spending. Should disinflation stall, expenditure rationalization at all levels of government could help lower aggregate demand and support a faster return of inflation to target. In particular, infrastructure spending could be carefully prioritized to avoid aggravating construction capacity constraints, by focusing on boosting productivity and facilitating the green transition. In addition, transfers should be made targeted wherever possible.
    Financial sector policies should prioritize maintaining stability, while carefully addressing localized vulnerabilities arising from tightened financial conditions. Banks are in a strong position, showing high capital levels, solid liquidity, and healthy profits, while also demonstrating resilience in recent stress tests conducted by the Australian Prudential Regulation Authority (APRA). While most households and businesses continue to be resilient, financial pressures are evident in vulnerabilities in low-income households and small-medium enterprises, and challenges to firms’ profitability under tight financial conditions. More generally, concerns about hidden leverage or vulnerabilities, combined with new and emerging global risks, could resurface. The mission welcomes APRA’s plan for the first system stress test to better understand interconnectedness across the financial system Thus, providing a platform to quantify, assess and respond to identified risks. The mission team also welcomes APRA’s close monitoring of lending standards and regular review of macroprudential policy settings and would reiterate its recommendation that the authorities consider preemptively expanding their toolkit to include additional borrower-based measures, such as Debt-to-Income and Loan-to -Value Ratio, to manage household indebtedness and ensure financial stability amidst the housing market pressures. While financial supervisory and regulatory reforms have been undertaken to enhance resilience, data gaps on Non-Bank Financial Institutions pose challenges to effective risk oversight, including its exposure to commercial real estate (CRE) sector.
    A holistic policy package is needed to address housing affordability issues. Australia faces a significant housing supply shortfall, exacerbated by structural challenges such as restrictive planning and zoning regulations, high land costs, infrastructure deficits, and residential housing investment around decade lows. These barriers, coupled with high interest rates, elevated building costs, and labor shortages, have led to a substantial backlog in housing development, contributing to escalating prices and affordability concerns. To address these issues, a comprehensive strategy is essential, focusing on increasing construction worker supply, relaxing zoning and planning restrictions, supporting the built-to-rent sector, expanding public and affordable housing, and reevaluating property taxes (including tax concessions to property investors ) and stamp duty to promote efficient land use. At the same time, capital flow management (CFM) measures that discriminate between residents and nonresidents are not consistent with the Fund’s Institutional View and should be replaced by non-discriminatory measures.

    IV. Medium-Term Reform Prioritize then Strangthen Economics Resilinke

    Australia’s robust economic institutions and policy frameworks can be further enhanced to underpin stability and foster growth. The establishment of a new Monetary Policy Board and strengthened governance arrangements and decision-making processes, in line with international best practices, would bolster central bank operational autonomy and enhance monetary-fiscal policy synergies. Tax reforms should target system efficiency and fairness, reducing reliance on direct taxes and high capital costs that hinder growth. Tax breaks, including from capital gains tax discount and superannuation concessions, could be phased out to generate a more equitable and efficient tax system. Forthcoming environmental and demographic changes will put structural upward pressures on government spending. Expenditure reforms should therefore aim to enhance spending efficiency and sustainability, emphasizing improved governance in infrastructure projects and strengthening intergovernmental collaboration. The aged care reforms and NDIS review represent positive forward steps. As long-term spending pressures rise, the authorities can consider bolstering their fiscal policy framework with clearer anchors. Efforts to rejuvenate Australia’s productivity growth, including through competition policy, should be prioritized, focusing on reforms across capital and labor markets. Initiatives grounded in the five pillar Productivity Agenda—emphasizing innovation, a level playing field for firms, and human capital enhancement—are crucial for resilient medium-term growth. Enhancing innovation through building intrinsic capital, promoting R

    The IMF mission team would like to express its deep appreciation to the Australian authorities and other interlocutors for their close engagement and cooperation. Our unstinting gratitude particularly goes to the counterparts at the Treasury and the Reserve Bank of Australia for the substantial time and effort devoted to supporting our work. The team looks forward to maintaining this constructive engagement and policy dialogue.

    IMF Communications Department
    MEDIA RELATED

    PRESS OFFICER: Rahim Kanani

    Phone: 1 202 623-7100 Email: MEDIA@IMF.org

    @IMFSpokeperson

    https://www.imf.org/en/Nevs/Articles/2024/10/02/MCS-australa-staff-concluding-statement-of-the-2024-article-iv-mission

    AXLE MILES

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI: Kilne Cookware, Founded by Former Endy CEO, Retains Westmount Capital Partners as Exclusive Financial Advisor

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — Westmount Capital Partners (“WMC” or the “Company”) is pleased to announce that Kilne Cookware Inc., a premium direct-to-consumer cookware brand founded by Mike Gettis, former CEO of Endy, has retained Westmount as its exclusive financial advisor. Westmount will assist Kilne in its efforts to fuel market expansion and product development.

    This partnership opens an exciting opportunity for investors to join Kilne in its next phase of growth as it expands into new markets and continues to introduce innovative products that resonate with consumers. Kilne is strategically positioned to emerge as a leading premium cookware brand, setting itself apart with its commitment to exceptional quality, innovative design, and sustainable manufacturing. With a focus on empowering home cooks, Kilne aims to redefine the cooking experience by providing high-performance products that not only enhance culinary creativity but also elevate the kitchen aesthetic.

    Kilne is set to capitalize on the growing $27 billion North American cookware market, with a total addressable market (TAM) for premium cookware estimated at $7 billion. This promising landscape reflects the increasing consumer demand for high-quality, non-toxic cookware. Gettis, who successfully exited Endy in 2018 when Sleep Country acquired the company for $88.7 million, is now leading Kilne’s dedicated team as they embark on this ambitious journey.

    Westmount Capital Partners will support Kilne’s ambitious expansion plans, enhance marketing efforts, and assist in the launch of new products that reflect its premium quality ethos. These products include the ‘Mini Everything Pan,’ a new line of cast iron cookware, and additional color options for Kilne’s best-selling pieces. Kilne has already made a significant impact in the Canadian market, winning prestigious awards such as the Red Dot Product Design Award and Good Housekeeping’s Kitchen Gear Award in 2023. As the brand prepares for its U.S. market entry, Kilne will continue to leverage its direct-to-consumer model, offering professional-grade cookware without the retail markups, ensuring high-quality products at accessible prices.

    Alex Camus, Managing Partner at Westmount Capital Partners, stated: “Mike’s success with Endy speaks for itself. We are proud to partner with him and Kilne as they prepare for this exciting phase of growth. Kilne is perfectly positioned to capture the attention of both investors and consumers with its innovative approach to cookware.”

    Mike Gettis, Co-Founder and CEO of Kilne, added: “As we prepare to expand into the U.S. and other markets, having the right financial partner is crucial. Westmount Capital Partners brings the expertise we need to efficiently raise capital and accelerate our growth. I believe this will be my biggest venture yet, and with their support, we’re poised to scale Kilne into a household name while empowering home cooks with exceptional, affordable kitchen products.”

    About Westmount Capital Partners
    Westmount Capital Partners Inc. is a premier financial advisory firm specializing in capital raising, mergers and acquisitions, and corporate finance solutions. With a commitment to operational excellence and strategic growth, Westmount Capital Partners provides exceptional advisory services tailored to meet the evolving needs of its clients across various industries.

    About Kilne Cookware

    Founded in 2020, Kilne Cookware is a premium direct-to-consumer brand dedicated to becoming a leading name in premium kitchenware. Kilne offers professional-grade tools designed for home cooks who value quality and performance. By collaborating with top chefs and eliminating traditional retail markups, Kilne delivers high-quality, non-toxic cookware at accessible prices. With a mission to transform the home cooking experience, Kilne ensures every product is crafted to meet the highest standards, making healthy and enjoyable cooking attainable for all.

    For further information contact:

    Westmount Capital Partners Inc.
    c/o Perley-Robertson, Hill & McDougall LLP/s.r.l.
    Constitution Square, 340 Albert St #1400,
    Ottawa, ON, K1R 7Y6
    Attention: Nino Silvestri, President
    E-mail: nino@westmount.ventures     

    The MIL Network –

  • MIL-OSI: CertiK’s 2024 Q3 Hack3d Report Shows Decline in Crypto Hacks Amid Industry Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) — CertiK, a leading blockchain security firm, released its Web3 security quarterly report, Hack3d, for Q3 2024. CertiK’s Hack3d reports provide the most comprehensive statistics and analysis of Web3 security.

    In this report, CertiK noted that hackers stole more than $750 million across 155 security incidents in Q3 of this year; this pushes the total amount stolen in 2024 to nearly $2 billion so far. Although this quarter saw a decline in the number of incidents compared to the previous quarter, there was an approximate 9.5% increase in total value lost. This shift indicates that attacks were, on average, more substantial, underscoring the continued need for stronger security measures across the industry.

    CertiK also reported that phishing attacks and private key compromises — the top two attack vectors — resulted in a total of $668 million stolen. In the most notable phishing incident, an attacker stole $238 million from a Bitcoin whale. Another large attack occurred on WazirX, where a malicious actor stole approximately $231 million by acquiring the wallet’s private key.

    Phishing attacks typically involve bad actors posing as legitimate entities to trick users into revealing sensitive information, such as login credentials. Private key compromises occur when a user’s private key, which grants access to their crypto assets, is stolen or exposed, allowing attackers to transfer funds without needing any further authorization. To prevent falling victim to these attacks, users should be wary of unsolicited messages asking for private information, double-check website URLs and email addresses, enable two-factor authentication (2FA), and avoid signing or approving phishing contracts.

    Additionally, CertiK’s Hack3d report analyzes blockchains with the most exploits, the top three incidents of the quarter, general industry developments, and how users and protocols can boost their security.

    Hack3d serves as an essential resource and record of statistics for understanding security challenges and vulnerabilities in the Web3 space. It equips stakeholders with the knowledge and insights needed to fortify their defenses and make informed decisions in an increasingly high-stakes environment.

    The MIL Network –

  • MIL-Evening Report: Lessons from Cyclone Gabrielle: 5 key health priorities for future disaster response

    Source: The Conversation (Au and NZ) – By Holly Thorpe, Professor in Sociology of Sport and Gender, University of Waikato

    Getty Images

    “The climate crisis is a health crisis.” So says World Health Organization Director-General Tedros Ghebreyesus.

    The World Economic Forum agrees. Its report this year highlighted how climate change is taking a toll on global health due to increasingly frequent extreme weather events.

    These issues are on the official agenda here too, especially since severe tropical cyclone Gabrielle caused extensive damage in the South-west Pacific and northern New Zealand in early 2023.

    Between February 13 and 14 it slammed into Te Tairāwhiti/East Coast and Te Matau a Māui/Hawkes Bay, with disastrous results for the land and its inhabitants. Communities were displaced, homes destroyed, power and telecommunications cut, water systems compromised, and many roads and bridges badly damaged.

    Shortly after Gabrielle hit, Manatū Hauora/Ministry of Health commissioned us to investigate the impacts of adverse weather events on health systems and community health and wellbeing.

    Our community research teams interviewed 143 residents in the two affected regions. They included first responders, heath workers, council staff and members of the public. Their stories were emotional, powerful and insightful.

    Our recently published report amplifies these community voices and local knowledge, and offers recommendations about planning for future, inevitable events. Here we offer five key messages.

    1. Prioritise vulnerable people

    Many older people and those with disabilities or existing health conditions were deprioritised or simply forgotten during evacuations and in the days and weeks after the cyclone. As one community responder in Tairāwhiti recalled:

    Some of them couldn’t move out because they were so old and frail. The water was so powerful, they couldn’t move anywhere. Some just stayed in their room until somebody turned up. For instance, there was a lady [who] was stuck in her wheelchair, and by the time people found her, the water was at her neck.

    Our report identified the need for health and social services to work more closely to ensure at-risk, vulnerable older people and those with disabilities or complex needs are prioritised during evacuations, so their medical and physical needs are met during and after an extreme weather event.

    2. Invest in mental health support and trauma recovery

    Those in the most affected communities had high levels of stress, grief and trauma during and after emergencies and evacuations.

    Staff and volunteers in front-line roles during the state of emergency experienced similar mental health effects. Many felt mental health support was not there when they needed it most.

    Almost everyone we spoke to had some negative mental health impacts. These included sleep disruption, rain anxiety and stress from road closures, insurance claims and land instability.

    Māori participants also told of their grief over environmental damage and destruction, highlighting the links between whenua (land) and hauora (health). They described drawing on cultural practices to support whānau recovery. For example, a leader of local volunteer efforts spoke about the personal impact of the cyclone:

    I was not good […] it was seeing the impact on how it was for your own community whānau. I think it hit me quite a bit later on. I fell into depression […] It just built up over time. I’m still in healing therapy for the last probably six to seven months since Gabrielle, just trying to get my wairua [spirit] and my tinana [body] and everything back in place.

    Overall, the research shows a need for greater awareness and investment in weather-related trauma recovery and mental health support.

    3. Ensure medical supplies can reach remote areas

    Rural and isolated communities had heightened health challenges, particularly due to road and communication failures.

    Transporting medical staff into these communities often required creative solutions (driving, using helicopters or hiking through bush and across farmland when roads were damaged, for example).

    Access to medicines was a major concern. It took co-ordinated effort to get pharmaceuticals to such communities. Helicopters were crucial in getting supplies and patients in and out of remote areas. Not everyone who needed attention received it, however.

    The most effective responses involved organisations (such as the NZ Police and Civil Defence) working together with communities. As one police officer told us:

    Our whānau up the coast needed medicine, prescriptions. Getting access from the helicopter to the home was a challenge. So, the police leant in and helped out. We used [an all-terrain vehicle] to get to places and spaces to get medicine in.

    People need to be prepared for power and telcommunications failures.
    Getty Images

    4. Resource and co-ordinate local support networks

    Fiscally challenged health systems were stretched during the emergency and struggled with power and telecommunications outages. But we heard of many health workers going “above and beyond” to care for patients and communities.

    Many continued working even when their own families, homes and communities were directly under threat. Anticipating this and supporting these workers will be important as adverse weather becomes more frequent with climate change.

    We also found marae, schools, local social services and non-profit organisations played key roles after the cyclone, but were often outside the direct ambit of the health system.

    Often the people working in these organisations have strong community relationships and knowledge that is essential to supporting emergency and recovery processes. These connections should be mapped and integrated for future events.

    5. Shift resources and build common will

    Local communities are full of knowledge. Many have learnt from recent events to better prepare their families, workplaces and organisations.

    Whānau told us about the importance of having cash in case of power outages and telecommunications failure. Others identified battery-powered radio as a critical source of information when systems were down. Pharmacists and doctors told of the importance of hard-copy evidence of prescriptions, to be able to dispense when electronic systems are out.

    Checking in on neighbours, sharing resources and making time for a cup of tea were all important for people in the recovery and rebuilding phases. A key lesson is to harness the power of community connections, trust and relationships in climate change resilience and recovery.

    Although knowledge, experience and wisdom lie in the hands of communities, our research highlights how financial resources mostly sit with central government. The challenge is to shift resources and build common will for climate action, before the inevitable next event.

    The report is receiving attention in parliament. We hope local experience can be central to planning around the health impacts of climate change and decision-making at all levels.

    We acknowledge the important contributions of our wider research team and community partners, particularly Manu Caddie (Te Weu Charitable Trust), Josie McClutchie (project lead), Dayna Chaffey, Haley Maxwell and Hiria Philip-Barbara (community researchers) in Tairāwhiti, and Emma Horgan and John Bell (Sustainable HB Centre for Climate & Resilience) in Hawkes Bay.

    Holly Thorpe received support from the Manatū Hauora/Ministry of Health funding secured to conduct this research.

    Fiona Langridge received support from the Ministry of Health funding secured to conduct this research.

    George Laking received funding from The Ministry of Health to conduct the research. He is an Executive Board member of OraTaiao, the New Zealand Climate and Health Council.

    Judith McCool receives funding from the Ministry of Health (Polynesia Health Corridors) and the Health Research Council.

    – ref. Lessons from Cyclone Gabrielle: 5 key health priorities for future disaster response – https://theconversation.com/lessons-from-cyclone-gabrielle-5-key-health-priorities-for-future-disaster-response-239392

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Australia: Digital roadmap drives innovation and delivers for communities

    Source: New South Wales Government 2

    Headline: Digital roadmap drives innovation and delivers for communities

    Published: 3 October 2024

    Released by: Minister for Customer Service and Digital Government

    Greater accessibility, upskilling communities and building resilience for the future are at the heart of the Minns Labor Government’s new digital roadmap for New South Wales.

    The NSW Digital Strategy launched today sets out how the state will deliver innovative, inclusive and secure digital services to improve the lives of residents. For the first time, the new strategy includes a way to track progress on digital as a state.

    The NSW Digital Strategy is built around five key missions:

    • Accessibility: Make digital services accessible, inclusive and connected for all people in NSW
    • Productivity: Use digital to advance service delivery, support the local economy and drive productivity
    • Trust: Build trust through reliable, stable government services and sustainable digital infrastructure
    • Resilience: Keep NSW safe and resilient for emergencies online and in-person
    • Digital Skills: Uplift digital capability in our public sector workforce​.

    This provides a roadmap for how NSW will harness digital transformation to support economic growth, improve service delivery and create more connected communities.

    NSW is home to 32 per cent of Australia’s population and is one of the most diverse states in the world, with the Government committed to making digital services inclusive by supporting all NSW communities on their digital journey.

    People responding to a NSW Government survey to understand the challenges faced when engaging with digital technologies and services found 1 in 5 people (22 per cent) feel they lack the necessary skills to perform important online tasks such as job searching, working, studying or accessing government services.

    The feedback also found those aged 65+, from low-income households or whose highest education level is high school are less likely to feel confident in performing these tasks.

    The strategy leverages leading technology and builds on large-scale projects already underway, including ongoing work to deliver a secure and privacy-preserving NSW digital identity and verifiable credentials system for use across the public and private sectors.

    Key initiatives under the strategy include:

    • Delivery of the NSW Digital ID and NSW Digital Wallet to enable a safer, more inclusive digital economy by streamlining services and providing a secure way to prove who you are.
    • The state’s first Digital Inclusion Strategy, informed by community input which shows that key barriers to inclusion include not just location, physical challenges and economic factors, but also confidence in digital skills and trust in digitalisation.
    • Better coordination of information and communications technology spending across government to reduce duplication and an enhanced approach to cyber security coordination, governance and investment.
    • Supporting housing delivery by improving the NSW Planning Portal and developing the Digital Housing Pipeline, an initiative that offers access to information on the delivery of new homes, facilitating improved collaboration among developers, government agencies and homeowners to streamline the process from planning to occupancy.
    • Delivering secure and resilient critical communications for emergency services and supporting communities during disasters by building on projects like the Hazards Near Me app which includes fire, storm, tsunami and flood information.
    • Updating strategies to leverage data and use artificial intelligence to enhance the response to natural disasters and emergencies through tools like RFS Athena which predicts fire behaviour.

    The NSW Digital Strategy puts people at its heart by targeting practical benefits, powered by community insights and formulated through extensive collaboration with industry and academic partners. For more information, read the strategy at http://www.digital.nsw.gov.au/strategy

    Minister for Customer Service and Digital Government Jihad Dib said:

    “The NSW Digital Strategy lays the foundation for a future for digital services that are more secure, inclusive and accessible, and is a commitment to improving people’s daily lives.”

    “This strategy is about more than just technology— it’s about people and how we build world-class digital services that strengthen our communities while supporting economic growth.”

    “Our key missions of accessibility, productivity, trust, resilience and skills will help ensure we deliver with purpose on the things people need, like increasing access to government services.”

    “We are already bringing our strategy to life, through initiatives like our new EasyRead hub and updated AI frameworks, by ensuring digital infrastructure is front of mind for government projects, and by improving cyber security coordination and investment.”

    “From Western Sydney to regional and remote NSW, our vision is for a more connected state and a government that embraces new technologies and brings everyone on the journey.”

    “The NSW Digital Strategy will help ensure we continue to innovate and build digital services that are both forward-thinking and responsive to the needs of the community we serve.”

    MIL OSI News –

  • MIL-OSI Australia: VET workforce key to solving many of Australia’s current job shortages

    Source: Australia Jobs and Skills

    VET workforce key to solving many of Australia’s current job shortages
    Hayden

    News and updates
    A new study published by Jobs and Skills Australia gives fresh insights into the national VET workforce.

    MIL OSI News –

  • MIL-OSI USA: Grassley, Ernst Introduce Bill to Deport Illegal Migrants Convicted of Sex Crimes

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the Senate Judiciary Committee, joined Sen. Joni Ernst (R-Iowa) in reintroducing bipartisan legislation to deport illegal immigrants convicted of sexual offenses. The legislation follows recent Immigration and Customs Enforcement (ICE) data revealing more than 15,000 illegal immigrants convicted of sexual assault currently reside in the U.S. outside of ICE custody. 
    “Sexual violence has no place in America,” Grassley said. “The Biden-Harris administration’s open border policies have allowed criminals to enter our country and threaten the safety of our communities. I’m fighting to uphold the law and protect American citizens.” 
    “These violent criminals never would have entered America in the first place if we had real border security, but now that they’re in our communities, they need to BE GONE,” Ernst said. “Since Border Czar Kamala Harris won’t protect this country, then I will. My legislation will combat sexual violence by ensuring predators are identified, stopped and deported.” 
    Download bill text HERE. 
    Background: 
    The Better Enforcement of Grievous Offenses by Unnaturalized Emigrants (BE GONE) Act would classify sexual assault and aggravated sexual violence as “aggravated felonies” under the Immigration and Nationality Act. Migrants convicted of “aggravated felonies” are subject to immediate deportation and barred from reentering the U.S.  
    Grassley continues to push back against the Biden-Harris administration’s open border policies. He is cosponsoring legislation requiring ICE to arrest, detain and deport criminal migrants, and has also worked to root out abuse of the immigration parole program and reform the Biden-Harris program endangering migrant children. Further, he’s sounded the alarm on the Department of Homeland Security’s unlawful failures to collect DNA from illegal immigrants at the border. 
    -30- 

    MIL OSI USA News –

  • MIL-OSI New Zealand: South Pacific defence meeting fosters collaboration

    Source: New Zealand Government

    This week’s South Pacific Defence Ministers’ Meeting (SPDMM) has concluded with a renewed commitment to regional security of all types, Defence Minister Judith Collins says.

    Defence Ministers and senior civilian and military officials from Australia, Chile, Fiji, France, New Zealand, Papua New Guinea and Tonga gathered in Auckland to discuss defence and security cooperation in the South Pacific. 

    “We all want to see regional security, and that means protecting our maritime areas, improving the effectiveness of our Defence Forces and adapting to the impacts of climate change,” Ms Collins says.

    “The South Pacific is our home. We all benefit from working together and sharing knowledge to support a secure, stable and prosperous region.

    “This year’s meeting further fostered the spirit of collaboration among trusted partners.

    “Members shared their views on security challenges, as well as the role of emerging technology, in responding to these challenges, and collective approaches to improving the effectiveness of the region’s Defence Forces.”

    “Members agreed on the importance of working with civilian agencies when it comes to supporting humanitarian assistance and disaster relief efforts, and in the areas of combating maritime security threats such as illegal, unregulated and unreported fishing and transnational organised crime. 

    “These are issues that have significant impact on many South Pacific nations which, like New Zealand, have large Exclusive Economics Zones.”

    SPDMM member countries discussed approaches to non-traditional security challenges, where South Pacific militaries have come together in response to regional security challenges, and co-deploying to help communities recover from cyclones, earthquakes, volcanic eruptions, bushfire and floods. 

    “SPDMM is a unique dialogue and coordination platform that enables collective action and leadership among South Pacific Nations. In a region this size it is vital we work together on our shared challenges with our shared values,” Ms Collins says.

    “It has been an absolute honour to host SPDMM 2024 in Auckland and I wish Chile all the best for SPDMM 2025.”

    A full summary of key outcomes from the 2024 South Pacific Defence Ministers meeting can be found in the Joint Communique. 

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Don’t let the bad weather catch you out

    Source: New Zealand Police (District News)

    Southern District Police are urging drivers to take care and obey road closure signs after heavy rain flooded roads and snow trapped cars.

    High alpine passes in the Central Otago Lakes have experienced heavy snowfall today. This morning, Police worked with NZTA Waka Kotahi to help a number of vehicles that were trapped on the Lindis Pass (State Highway 8) by heavy snow that closed the road. It has since reopened and caution is advised.

    Motorists should check NZTA’s Journey Planner at https://www.journeys.nzta.govt.nz/.

    “We’re urging people not to put themselves at risk,” Senior Sergeant Blair Dalton says. “Police have noticed multiple vehicles drive around road closure signs and attempting to continue their journey.

    “It’s not worth the risk, so for the safety of yourself, your passengers, other motorists and emergency services, please follow and adhere to the road signage in place.”

    A number of roads in the Dunedin area have been affected by surface flooding, and it is expected that the biggest impact along coastal areas will arrive with the high tides this evening.

    Dunedin Council and Otago Regional Council are monitoring the impacts closely and are working alongside emergency services.

    “Motorists are to be advised to stay off flooded roads and not to attempt to enter any flooded sections or cross fords.”

    To ensure a safe journey, keep your following distances, reduce your speed, use your headlights, and watch your visibility.

    For more information on roads, go to NZTA Journey Planner, Dunedin City Council, Otago Regional Council, and Environment Southland websites.

    ENDS

    Issued by the Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI Economics: Panasonic’s coming Auto framing application for PTZ cameras achieves high-quality video for broadcasting and video production

    Source: Panasonic

    Headline: Panasonic’s coming Auto framing application for PTZ cameras achieves high-quality video for broadcasting and video production

    Osaka, Japan, October 3, 2024 – Panasonic Entertainment & Communication today announced the upcoming launch of a new auto framing application for Panasonic PTZ cameras that achieves natural, high-quality, automated video shooting suitable for broadcasting and video production. The application will be offered as an Advanced Auto Framing plug-in for Panasonic’s Media Production Suite software platform from the second quarter of CY2025. In addition, selected auto framing features are set to be offered for Panasonic’s top-of-the-line AW-UE160W/K PTZ camera via firmware and Media Production Suite updates from the first quarter of CY2025. The latest information including release dates will be announced on the Panasonic website (https://pro-av.panasonic.net/en/software/mps/).
    Panasonic expects to exhibit the auto framing feature of the AW-UE160W/K at its booth during the 2024 NAB Show New York on October 9 to 10, 2024.
    In the rapidly evolving digital landscape, the consumption of video content via streaming platforms and web-based broadcasts is rapidly increasing, which has dramatically increased the need to optimize human resources and technical systems to ensure the stable production and delivery of high-quality content across broadcast networks, production houses and live event coverage.
    Panasonic’s new auto framing solution leverages the company’s extensive experience with broadcasting and video production, supported with valuable feedback from diverse industry professionals, and incorporates advanced technologies such as auto tracking, image recognition and natural auto framing. It achieves camera framing exactly as defined by the user for enhanced on-site efficiency and high-quality content.
    The paid Advanced Auto Framing plug-in for the Media Production Suite, which can be activated with a software key in the Media Production Suite, will enable auto framing for Panasonic PTZ cameras including the AW-UE160W/K, AW-UE150W/K, AW-UE100W/K and AW-UE80W/K. The plug-in is set to support multi-camera setup for auto framing to enhance subject-detection accuracy and operability. Additionally, facial recognition technology will enable optimal framing for specified individuals.
    The new auto framing feature for the AW-UE160W/K will be offered free of charge via camera firmware and Media Production Suite updates. Subject detection is handled by the camera’s internal processor, and framing commands are managed with the Media Production Suite. A GPU is not required for the operating PC, so the feature can be used on any PC that meets the Media Production Suite’s basic operating requirements.
    The Advanced Auto Framing plug-in and auto framing feature of the AW-UE160W/K enable professional-level automatic high-quality framing in real time, thanks to framing presets that accurately replicate user-defined framing settings. Framing presets can be combined, including multi-subject group shots. Additionally, advanced human body detection ensures consistent subject headroom. These feature sets make it easy for users to shoot and produce high-quality video content.
    The graphical user interfaces (GUI) design and operation are consistent with those of the Media Production Suite for intuitive setup and operation via a user-friendly control panel. The Advanced Auto Framing plug-in’s GUI includes a multi-camera display option for easy management of multiple PTZ cameras. Multiple feeds can be monitored and controlled from a single screen to facilitate multi-camera shooting even in environments with limited staff to ensure high content quality.
    The auto framing application can be used in conjunction with the AW-RP150GJ and AW-RP60GJ remote camera controllers, making it easy to fine-tune the camera angle during auto framing. In addition, synchronizing camera selection with auto framing in the Media Production Suite simplifies switching between auto and manual framing operations.
    Panasonic’s auto framing application aims to deliver high-quality framing for advanced content production in broadcast studios and live event shooting with PTZ cameras, contributing to more efficient on-site workflows.

    Advanced Auto Framing plug-in features

    Auto framing with multiple Panasonic PTZ cameras
    Register multiple user-created framing presets to accurately reproduce user-defined framing
    Group shots for framing multiple subjects, such as two- and three-shots
    Stable framing of moving subjects based on advanced human body detection and camera control for professional-level camera work, including consistent headroom
    Privacy-conscious shooting since body detection does not require personal information
    Facial recognition with registered faces allows specification of individuals for framing
    Multi-camera coordination for stable subject detection and seamless switching between framing targets
    GUI accepts PTZ camera listing for multi-camera viewing and operation
    Subject-tracking autofocus using phase detection auto focus (AW-UE160W/K only)
    Seamless integration with Panasonic AW-RP150GJ & AW-RP60GJ remote camera controllers
    Tablet-ready GUI for touch-panel operation
    For more details, please visit the Advanced Auto Framing plug-in and Media Production Suite website:https://pro-av.panasonic.net/en/software/mps/aaf/https://pro-av.panasonic.net/en/software/mps/

    AW-UE160W/K Auto Framing features

    Available via free firmware and Media Production Suite updates
    Register up to three framing presets to accurately reproduce user-defined framings
    Group shots for framing multiple subjects, such as two- and three-shots
    Stable framing of moving subjects based on advanced human body detection and camera control for professional-level camera work, including consistent headroom
    Privacy-conscious shooting since body detection does not require personal information
    Subject-tracking autofocus using phase detection auto focus
    Seamless integration with Panasonic AW-RP150GJ & AW-RP60GJ remote camera controllers
    Tablet-ready GUI for touch-panel operation
    For more details, please visit the AW-UE160W/K website:https://pro-av.panasonic.net/en/products/aw-ue160/

    * Product specifications are under development and subject to change at time of release.

    About Panasonic Entertainment & Communication Co., Ltd.
    Panasonic Entertainment & Communication Co., Ltd. established in April 2022 as part of the Panasonic Group’s switch to an operating company system, is strengthening the bonds among people and enriching our customers’ lives by providing consumer electronics, including AVC products such as OLED TVs, Lumix digital cameras, headphones, phones, intercoms, and more, as well as business products and solutions including for broadcast, professional AV, and sound systems globally. Our mission is to offer people new emotion and relaxation through our entertainment and communication solutions. To fulfill this mission, we strive to act with professionalism to continuously recreate the future by connecting people. For more details, please visit https://www.panasonic.com/global/peac.

    MIL OSI Economics –

  • MIL-OSI United Nations: UNISFA Peacekeepers assist Flood-Affected Communities in Abyei

    Source: United Nations – Peacekeeping

    In the wake of heavy rainfall that has resulted in flooding in Abyei, and left communities in urgent need of assistance, UNISFA peacekeepers are stepping up to provided much needed support. The relentless heavy rains in the southern and northern parts of Abyei have displaced many people, forcing some to move to higher ground as communities struggle for basic supplies.

    Mrs. Aluel Maroab Chan, a mother of four from Manyiel Rou, says: “We were forced to leave our home and build a temporary shelter in an area without any amenities. My children are suffering from infections due to the humidity. I urge the government to assist those affected.”

    To mitigate the impact of the floods, the Vietnamese Engineers have constructed four channels in Abyei town. This is facilitating the flow of water and assisting people who are trapped by the flood waters to move to safety.  This initiative has also helped many people who were forced to relocate to move back to their homes.

    In Malual and Athony, the Vietnamese Engineers are assisting to facilitate movement by rehabilitating roads, making it easier for people to access areas that had been made impassable by flooding and enabling assistance to reach affected communities.  The Abyei Physical Infrastructure Ministry has acknowledged these timely construction efforts as essential as rains continue to impact the area.

    On September 9, Ghanaian peacekeepers reached out to communities in Abathok, Mijak County, distributing essential supplies such as mosquito nets, clothing, and sanitary pads to vulnerable families. In addition to delivering goods, the peacekeepers engaged with local women, fostering dialogue to improve their living conditions.

    Meanwhile, on 11 September, Lt. Col. Altaf, Commander of the PakBatt-2 contingent, led his team in a similar effort, visiting flood-hit areas in Dari Market and surrounding regions. Some 150 individuals were provided with food, medical supplies, and other essential items.

    According to the UN Office for the Coordination of Humanitarian Affairs (OCHA), over 735,000 people across South Sudan and Abyei have been affected by the floods, with Abyei facing a critical situation compounded by food insecurity and disease outbreaks. The newly formed Abyei Flood Task Force is coordinating efforts among various agencies to address these challenges.

    As the floods persist, local leaders are calling for more assistance for the affected areas.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Abyei workshop for people with disability champions inclusion

    Source: United Nations – Peacekeeping

    10 September – The Abyei Youth Union and the Persons with Disabilities Union (PwDU) held a workshop to address the challenges faced by persons with disabilities in Abyei and brainstorm solutions for greater inclusion in all areas of life.

    The secretary general of PwDU, Mr Wol Akonon said, “Disability is not an Inability” a message that resonated strongly with the audience. Another participant observed that “limited access to education, healthcare, and employment exacerbates the challenges faced by persons with disabilities, including stigma, discrimination, and poverty”.

    The Abyei Youth Union President, Mr Deng Aguer, stressed that “inclusion requires active involvement from the community, local administration, and international partners in Abyei,” adding that “education and awareness is crucial to understand that physical, mental, or sensory impairments should not hinder full participation in the community”.

    Participants called for greater investments in empowering individuals with disabilities, including employment quotas for persons with disabilities within the Administration, UNISFA, and UN AFP. Representatives from the Juba-appointed Ministry of Gender and Social Welfare and the Ministry of Youth and Education pledged to advocate for policies and practices that promote accessibility, including free education, medication, and priority access to healthcare services in Abyei, which highlighted the workshop’s significance and impact.

    MIL OSI United Nations News –

  • MIL-OSI USA: IAM Members On Strike at Molson Coors Beverage Company in Milwaukee

    Source: US GOIAM Union

    MILWAUKEE, Oct. 2, 2024 – The International Association of Machinists and Aerospace Workers (IAM) Midwest Territory releases the following statement regarding IAM members on strike at Molson Coors Beverage Company in Milwaukee:

    Approximately 43 IAM members at Molson Coors Beverage Company in Milwaukee voted to reject the company’s final offer and overwhelmingly voted to strike on October 1, as the contract expired at midnight. The IAM represents mechanics and machine repair workers at the brewery, represented by IAM Locals 66 and 510 in Milwaukee.

    The primary issues driving this strike include:

    Economics: The company’s economic offer fails to keep up with inflation, does not match wages of other trades at Molson Coors, and other area benchmarks.

    Work/Life Balance: The employer insists on an alternate work schedule and other concessions that undermine our members’ flexibility and negatively impact their work/life balance.

    The IAM will provide our members with the necessary resources and will continue to support them as they fight for a fair contract that reflects their critical contributions to Molson Coors’s success. We call upon Molson Coors to come to the bargaining table to resolve these differences quickly.

    The International Association of Machinists and Aerospace Workers is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, railroad, transit, healthcare, automotive, and other industries.

    goIAM.org [goiam.org] | @MachinistsUnion [twitter.com]

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    MIL OSI USA News –

  • MIL-OSI USA: Sinema, Kelly: $5 Million Awarded to the City of Page to Support Business Growth and Job Creation

    US Senate News:

    Source: United States Senator Kyrsten Sinema (Arizona)
    WASHINGTON – Arizona Senators Kyrsten Sinema and Mark Kelly announced a $5 million grant to the City of Page, Arizona for infrastructure improvements to support business growth and job creation in the region.  
    “We’re proud to announce this $5 million grant to make infrastructure improvements for the City of Page – supporting local businesses, creating jobs, and expanding opportunities for Arizonans so they may continue building better lives for their families,” said Sinema.
    “As Arizona’s economy continues to grow, we need to make sure our rural communities aren’t left behind,” said Kelly. “These investments will help the City of Page build the infrastructure it needs to attract new businesses and good-paying jobs—ensuring long-term economic growth for the community.” 
    Allocated through the U.S. Economic Development Administration (EDA), this grant will support redevelopment of the Downtown Business District, to increase its commercial viability and promote tourism. This EDA investment will be matched with $5.9 million in local funds and is expected to create 36 jobs, retain 89 jobs, and generate $1.6 million in private investment, according to grantee estimates.

    MIL OSI USA News –

  • MIL-OSI New Zealand: FamilyBoost payments make ECE more affordable

    Source: New Zealand Government

    Parents and caregivers are now able to claim for FamilyBoost, which provides low-to-middle-income families with young children payments to help them meet early childhood education (ECE) costs. 

    “FamilyBoost is one of the ways we are supporting families with young children who are struggling with the cost of living, by helping make ECE costs more affordable. It will make a difference to more than 100,000 Kiwi families – that’s 140,000 Kiwi kids,” Finance Minister Nicola Willis says.  

    “Eligible families will be reimbursed for 25 per cent of their ECE costs up to a maximum of $75 a week, paid quarterly. 

    “Families simply need to register for FamilyBoost in myIR and submit their ECE invoices to Inland Revenue. Claims can be submitted now for fees invoiced during the 1 July to 30 September 2024 quarter.  

    “We know from hearing from parents and caregivers that the extra support will mean a little less stress when the rent or the next mortgage payment falls due or when they are shopping for groceries.  

    “FamilyBoost will provide real relief for struggling families. It’s cash for families with young children, straight into their bank accounts, so they can choose how they use it.” 

    Inland Revenue aims to make FamilyBoost payments within 15 business days.  

    For more information and to check eligibility, visit http://www.ird.govt.nz/familyboost. 

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Speech to the Minerals West Coast Forum

    Source: New Zealand Government

    Introduction

    Good morning!

    What a pleasure to be back in the stunning West Coast at one of my favourite events in the calendar. 

    Every time I come back here, I’m reminded of the Coast’s natural beauty, valuable resources, and great people.

    Yet, every time I come back here, I’m also reminded about how much of a handbrake the Resource Management Act (RMA) is for this region and the mining industry that plays such a vital role here.

    Under the RMA, we have devolved from a land of great potential to one of wasted opportunity, and the West Coast is a region of immense opportunity.

    As someone recently remarked to me, because of laws like the RMA, there are too many referees in this country and not enough players.

    Whether it’s Woodstock Quarries seeking an extension at Waimakariri, which was declined and is now under appeal to the Environment Court, or the drawn-out consenting process for the Barrytown sand mining venture, the RMA undermines prime opportunities to meet our needs with New Zealand’s own resources, and we are forgoing economic development opportunities because of it.

    What could we do about this?

    One option is to bury our heads in the sand and get distracted by the noise.

    We could pretend there’s nothing fundamentally wrong with the RMA. 

    We could pretend the problem is a mere ‘perception’ of unjustified regulation, or of a system too rigid.

    We could pretend that the issue is simply that the RMA has ‘not been implemented correctly’, much like the supposed reason for the failure of communism…

    Believe it or not, these are all things some have argued, but it’s pretty clear what this thinking delivers.

    Thankfully, we’ve built a coalition around a much better vision which accepts the necessity to provide for human needs.

    What are we doing about resource management?

    Fast-track

    Ministers Jones and Bishop have been leading the charge on delivering a one-stop-shop fast-track approvals process for consenting projects of regional and national significance.

    This is an important jump start to get some of the big wheels turning.

    RMA amendments

    Minister Bishop has also announced a suite of panel-beating changes to the RMA to clear some immediate congestion in the system we’re currently stuck with.

    The first amendment Bill includes the re-alignment of the treatment of coal with that of other extractive activities around wetlands, removing what is currently an arbitrary additional hurdle. Minister Jones has done great work in this space.

    Another important element is the streamlining of the pathway for making and amending RMA national direction.

    This streamlined pathway will pave the way for a package of national direction work to follow to address the incoherence of existing instruments and fill the gaps that currently exist. I trust this will provide long-fought relief for my friends in the quarrying sector whose constructive solutions to sloppy inconsistencies – inconsistencies which have blocked the provision of critical aggregate materials – are finally being picked up.

    Quarrying is one of these essential services ‘ancillary’ to infrastructure, without which neither infrastructure nor the things it enables can be built, and these ancillary services are part of what I am considering in my work on a National Policy Statement for Infrastructure. This NPS has a key role in enabling infrastructure and addressing the fact there is currently no instrument properly promoting its benefits.

    Phase three

    The fast-track jump-start and the amendment panel-beating are important steps to get us moving. 

    However, a lemon can only take us so far.

    Through the RMA, we have veered so far off track that many have lost sight of the role of the resource management vehicle, and what it should deliver. 

    This is why Minister Bishop and I recently announced the “Phase 3” plan to replace the Resource Management Act with a system based on the enjoyment of property rights.

    This is a core commitment in the ACT-National coalition agreement, and it will liberate different sectors across the country. The mining sector is no exception.

    A property rights foundation provides a narrow and focused scope for resource management, which is something the current system has lost control of.

    This focus anchors us to the issue resource management needs to solve – that is managing situations where one’s enjoyment of property rights materially spills over into that of another’s. In other words, managing material effects. 

    One of the most common objections to this focus stems from concern about the environment, and a perception that a property rights approach is somehow incompatible with environmental goals.

    What this ignores is our ambition to for the environment to get a property right, too.

    The environment should have a property right centred on environmental limits, where a breach of those limits undermines the ability for the environment to continue to provide for human needs in the future.

    This “human needs” aspect is important. It forms half of a “double bottom line” that embeds acceptance that development must provide for human needs now, with the environmental limits bottom line serving to ensure these needs can continue to be met in the future.

    What is not negotiable is that human needs will be met. Frustrating development to resist growth doesn’t abate the need for it, nor does it change the reality that human existence necessarily has effects on the environment. If development cannot occur within an environmental limit in one place, then it must occur in another. But development must, and will, occur.

    This focus, and the acceptance of the fact that some effects are unavoidable, brings us to a place where we can have the grown-up conversation about what we need and where we need it, and provide pathways for that to be delivered. 

    This includes pathways for accepting significant environmental effects where there are net benefits at play, and recognising the great mitigation, offset, and restoration work done by many people and organisations – I’ve heard some great stories about the conservation work around the Roa coal mine and the OceanaGold Globe Progress mine restoration. The ACT-National coalition commitment to promote the use of Crown minerals is just one of many important things contingent on a net benefits approach.

    A narrow effects-based scope and double bottom line also allows us to filter out the oodles of vexatious objections from every Tom, Dick, and Harry that frustrate development. No effect, no objection.

    This may not stop the hypocrites locking themselves in buildings of mining companies while live streaming on their iPhones (it’s hard to know whether these people are NIMBYs or just a few sandwiches short of a picnic…) What it will do, however, is reduce their ability to use the resource management system to obstruct access to New Zealand’s critical resources.

    What about other frustrating factors? 

    Having to ask permission to do anything, when already know how to do most things, is an unnecessary problem. 

    Through codifying into standards established and accepted ways of doing things, the new system will drive a big shift from pre-project consenting to compliance monitoring and enforcement, restoring both trust and incentives to do things right.

    What if councils insist on consents for these things anyway?

    Cabinet has agreed to something along the lines of a ‘Planning Tribunal’. Among other things, this will provide an avenue to strike out unwarranted consent requests from councils which is a critical accountability mechanism to ensure the new de-scoped system is properly embedded.

    Conclusion

    We have an important window to drive a step change in this country to liberate us from the shackles that have restrained us for so long.

    As a civil engineer, I’m proud to be working on this resource management reform programme with Minister Chris Bishop.

    I’m looking forward to the work the RMA Reform Expert Advisory Group has been tasked to deliver, which will be based on the 10 principles agreed by Cabinet, including those I’ve covered off today.

    Relief is finally on the horizon.

    Thank you.

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Cracking down on shrinkflation to help Australians save time and money

    Source: Australian Treasurer

    The Albanese Government is taking action to fight shrinkflation in our supermarkets and retail sector by strengthening the Unit Pricing Code to make it easier for Australians to make accurate and timely price comparisons.

    The Government will also introduce substantial penalties for supermarkets who do the wrong thing and breach the Unit Pricing Code.

    The practice of ‘shrinkflation’ is becoming increasingly common, where the size of a product is reduced, but the price at the supermarket is the same or even increases, taking advantage of Australians doing their groceries.

    Unit pricing helps consumers spot good value for money by being able to see the price of products by their volume, weight or per unit – so they aren’t tricked by unchanged packaging hiding less product.

    These changes are about making sure shoppers are able to access the best deals at the supermarket, both in store and online – and that they’re not the victims of inflation by stealth in their everyday products.

    The ACCC Interim Supermarket Inquiry Report, released by the Albanese Government last week, found that almost 90 per cent of consumers always or often use unit pricing when deciding what products to buy.

    Through the course of the Inquiry, stakeholders raised concerns about how supermarkets apply unit pricing in Australia – including the size and font of print on in‑store labels and the inconsistent units of measure being used to price the same products.

    To make sure unit pricing is helping Australian shoppers, the Government will be strengthening the Unit Pricing Code to ensure supermarkets are providing the information Australians need to find the best deal.

    The Government will consult on improvements to the Code like:

    • Improving readability and visibility of unit pricing in stores;
    • Addressing inconsistent use of units of measure across supermarkets;
    • Whether to expand the scope of retailers covered by the Code;
    • More specific prominence and legibility requirements; and
    • Improving the use of unit pricing in cross‑retailer price comparisons.

    To ensure shoppers are able to get the best value for money, we’ll fund the ACCC to deliver a consumer awareness campaign showing shoppers how they can find the best deals.

    Today’s announcements come in addition to a series of actions undertaken by the Albanese Labor Government to get a better deal for Australians at the supermarket:

    • Provided the ACCC with a $30 million boost to crack down on market conduct that pushes up cost‑of‑living pressures for Australians, like misleading and deceptive pricing practices and other unconscionable conduct by supermarkets and retailers.
    • Commenced consultation on a new mandatory Food and Grocery Code, adopting all recommendations of Dr. Craig Emerson’s review.
    • Banned unfair contract terms and increased penalties for breaches of competition and consumer law and delivering progress on the most significant merger reforms in Australia in almost 50 years.
    • Commenced work with the states and territories to revitalise National Competition Policy, including on planning and zoning for supermarkets
    • Supported CHOICE to release its second Albanese Government‑funded price monitoring report, giving Australians accurate data on where to get the cheapest groceries.

    Prime Minister Anthony Albanese said the Government is cracking down on supermarkets to help Australians get a fair deal at the checkout.

    “Tackling ‘shrinkflation’ through stronger unit pricing and new penalties is part of our plan to get a better deal for Australians,” the Prime Minister said.

    “We are also making changes to make sure the ACCC is a tough cop on the beat, while also encouraging more competition and making sure there are significant consequences for supermarkets who do the wrong thing.”

    Assistant Treasurer Stephen Jones said the Albanese Government knows Australians are doing it tough and won’t accept businesses taking advantage of consumers.

    “Misleading practices around pricing are illegal and completely inappropriate. The bar needs to be raised significantly,” the Assistant Treasurer said.

    “Australian consumers deserve fair prices, not dodgy discounts. That’s why we’ve empowered the ACCC to act in the interests of consumers and crackdown on dodgy practices immediately.”

    Assistant Minister for Competition Andrew Leigh said the Governments wants a supermarket industry that is fair for families, and fair for farmers.

    “Competition is the consumer’s friend. We’re working to hold supermarkets to account by providing consumers with the information they need to make the best decisions,” Assistant Minister Leigh said.

    “The Albanese Government is committed to helping Australian families save time and money at the checkout.”

    MIL OSI News –

  • MIL-OSI Australia: Serious crash at Jamestown

    Source: South Australia Police

    Emergency services are at the scene of a serious crash near Jamestown.

    About 10.45am Thursday 3 October emergency services were called to the Wilkins Highway, about 300m south of Jamestown-Whyte Yarcowie Road after reports a motorcycle had left the road crashed.

    Wilkins Highway will be closed, please take direction from emergency services personnel at the scene.

    MIL OSI News –

  • MIL-OSI China: Various events, activities held in Macao to celebrate 75th founding anniv. of PRC

    Source: People’s Republic of China – State Council News

    Various events, activities held in Macao to celebrate 75th founding anniv. of PRC

    Updated: October 3, 2024 09:00 Xinhua
    Fireworks illuminate the sky in Macao, south China, Oct. 1, 2024. Various events and activities were held here to celebrate the 75th anniversary of the founding of the People’s Republic of China. [Photo/Xinhua]
    Tourists visit the Senado Square in Macao, south China, Oct. 1, 2024. [Photo/Xinhua]
    An open-air cantata is staged in front of the Macao office of the Bank of China in Macao, south China, Sept. 30, 2024. [Photo/Xinhua]
    Fireworks illuminate the sky in Macao, south China, Oct. 1, 2024. [Photo/Xinhua]
    Tourists visit the Ruins of St. Paul’s in Macao, south China, Oct. 1, 2024. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI Australia: Forestry Centre of Excellence launched in Mount Gambier

    Source: University of South Australia

    03 October 2024

    An artist’s impression of the Forestry Centre of Excellence, due to be built on UniSA’s Mount Gambier campus in 2025.

    The State Government has today released new artist impressions of the Forestry Centre of Excellence (FCoE) being built in Mount Gambier and officially launched today.

    The Centre is a collaborative project between the State Government, the University of South Australia (UniSA) and the forest industry. It will be built on the same site as the UniSA Mount Gambier campus, the new Mount Gambier Technical College and the Mount Gambier TAFE, providing a unique opportunity to create an education, training and research precinct.

    The design for the facility is due to be finalised in November 2024 with building construction due to commence in April 2025 and an expected completion in January 2026.

    Vital research underway in temporary facilities was showcased at a special launch on site today and includes projects on:

    • structural timber market access
    • improving safety
    • fire detection from cameras and satellites
    • suppression, recovery and analysis of digital forestry data using artificial intelligence
    • immersive data analytics using VR and AR to understand the implications of climate change on plantation growth yield and water use.

    Following a global search, Professor Jeff Morrell has been appointed as the Forestry Centre of Excellence’s inaugural director due to commence in mid-January 2025. Previously, he was Director for the Centre for Timber Durability and Design Life based at the University of the Sunshine Coast.

    The FCoE links to the forest industry and its key attribute of collaboration, connection and partnerships through its research, training education, development, and extension activities, has been reflected in the new FCoE brand of interlocking abstract trees also unveiled today.

    In launching the FCoE, SA Premier Peter Malinauskas described the Green Triangle plantation forest region as “one of the powerhouses of the Australian forest industry”.

    “The South Australian portion of the region contributes more than $860 million to the state’s gross product annually – making it one of our most productive primary industry sectors,” Premier Malinauskas said.

    “We are delivering on our election commitment to establish a world-leading Forestry Centre of Excellence to strengthen this already thriving industry.”

    UniSA Chancellor John Hill, who attended the launch, said the University was honoured to host the new Forestry Centre of Excellence, which has evolved from Forest Research Mount Gambier, established in 2018 by the State and Federal Government, UniSA and the forestry industry.

    “The model of recruiting UniSA researchers into the forestry industry has resulted in a more efficient, safer, progressive, and profitable industry, establishing standards for best practice,” Chancellor Hill said.

    “Together with the State Government, we are proud to continue this partnership and help advance research and development projects to ensure the industry’s economic prosperity committing more than $6 million towards the Centre’s operations and building along with significant in-kind support.”

    For further information on the Forestry Centre of Excellence visit: Forestry Centre of Excellence – PIRSA

    …………………………………………………………………………………………………………………………

    Media contact: Candy Gibson M: +61 434 605 142 E: candy.gibson@unisa.edu.au

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    MIL OSI News –