Tag Archives: oceania

Investors in stoush with fraudster's parents over estate

More than 50 investors who lost money through Melissa Caddick's fraudulent scheme have teamed up to fight for their stake in a multimillion-dollar home in Sydney's east.

On Wednesday, a representative investor known only as Investor A was allowed to join a Federal Court lawsuit to provide opposition to Caddick's parents Ted and Barbara Grimley over a property in Edgecliff.

The Grimleys claim they paid their now-deceased daughter almost $1.2 million as partial payment for the apartment's purchase on the condition they would live there rent-free until they died.

READ MORE: Bindi Irwin shares health battle

Vanessa Whittaker SC, a barrister representing receivers appointed over Caddick's property, told the Federal Court that 53 out of 55 investors had voted to equally share any funds from the sale of the Edgecliff property and to appoint a representative to head up their legal claim for the missing money.

This means the out-of-pocket investors will not fight between themselves over who is owed what from the sale of Caddick's property and the liquidation of her company Maliver.

Instead, they will be united against Mr and Mrs Grimley, opposing their bid to have funds from sale of a $10 million mansion in Dover Heights used to pay off the mortgage over the Edgecliff property as well as the couple's claim for priority interest in this apartment.

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A bunch of flowers at the fence in front of the Dover Heights home of Anthony Koletti, Melissa Caddick and her 15 year old son reside. Part of Melissa Caddicks remains were found at Bournda Beach on the South Coast of NSW. Dover Heights, Sydney, NSW. 26th February, 2021. Photo: Kate Geraghty

Other valuable items such as jewellery, designer clothing, artwork and accessories have already gone under the hammer in a bid to recoup funds for the victims.

On Wednesday, Justice Brigitte Markovic allowed Investor A to join the lawsuit saying it was in the interests of justice to have a party opposing the Grimleys' bid for the Edgecliff property.

Caddick's husband Anthony Koletti has also laid claim over some of his wife's property dealt with by the receivers and liquidators.

A hearing on April 28 will deal with the questions of whether an interim distribution can be made to investors and whether the Grimleys can use the Dover Heights funds for the Edgecliff mortgage.

READ MORE: Bodies of abducted pair found in medical clinic

A further hearing hoped to be held sometime in May will deal with whether Caddick's parents can remain living in Edgecliff or whether the apartment will be sold off and funds sent out to the fraudster's victims.

Caddick told her victims she would invest their cash, but instead created false CommSec trading accounts and faked trading documents showing profits.

She preyed mostly on her friends and family between 2013 and 2020, taking $23 million through the Ponzi scheme.

The Australian Securities and Investments Commission and the Australian Federal Police jointly raided Caddick's eastern suburbs home on November 11, 2020.

Mr Koletti reported his 49-year-old wife missing two days later.

Three months after that, her decomposing severed foot washed up in a sports shoe on the far south coast of NSW.

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Airfare prices fall from 15-year high, but people still flying less

Plane tickets have eased from their 15-year highs, but are still well above pre-pandemic levels, new data released by consumer watchdog the ACCC reveals.

And while airlines have increased capacity on domestic routes, people are flying less than they did before the pandemic.

Airfares hit a 15-year high in December last year, but discount tickets dropped by a third in January.

Domestic ticket prices have eased but are still higher than pre-pandemic levels.

READ MORE: The shelving 'trick' supermarkets don't want you to know

"While it's positive to see airfares fall from record highs in 2022, passengers are still generally paying more to fly today than they were before the pandemic," ACCC Commissioner Anna Brakey said.

"Airfares typically come down after the Christmas travel peak due to a seasonal decrease in demand, however some of this reduction is also explained by the airlines increasing their seat capacity."

The ACCC cited the invasion of Ukraine and the subsequent jump in oil prices as a major cause of airfare rises.

Qantas flew at 102 per cent of its pre-pandemic capacity, Virgin was at 96 per cent and Jetstar at 84 per cent.

Not showing up in the ACCC data is Bonza, which launched at the end of January with a series of unserved domestic routes.

Qantas accounted for 34.8 per cent of domestic passengers, while Virgin had 33.4 per cent.

Jetstar rose four points to 26.9 per cent.

Jetstar typically sees a rise in the January quarter, with more people travelling for pleasure than business. 

Regional airline Rex flew 4.9 per cent of domestic passengers.

The ACCC was tasked with monitoring the prices, costs and profits of the airline industry by then-treasurer Josh Frydenberg in June 2020.

The direction expires in June this year.

READ MORE: The Aussies being warned of a $100,000 financial blow

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'Infamous' killer whale pair devour 17 sharks in single day

An "infamously" blood-thirsty pair of orcas who devoured a total of 17 sharks in a single day have baffled marine biologists with their insatiable appetite. 

The duo – who have been on the radar of scientists since 2015 – slaughtered 17 sharks off the coast of South Africa late last month, gorging themselves on the animals and leaving their carcasses to float ashore at Pearly Beach, a village located along the southernmost tip of the country.

Marine biologist Dr Alison Kock said the orcas had only eaten livers of the broadnose sevengill sharks, a strange practice she'd observed in the pair for eight years.

READ MORE: Bindi Irwin shares health battle

READ MORE: The shelving 'trick' supermarkets don't want you to know

"At least 17 sevengill sharks have been killed by infamous killer whale pair Port and Starboard this week in South Africa," Kock said on Twitter.

"Only the livers were eaten with the leftover carcasses washing ashore.

"We first observed this pair hunting sevengill sharks in False Bay, Cape Town in 2015 … the drama didn't stop there.

"In 2017, this pair then started targeting great white sharks, ultimately resulting in the sharks abandoning established aggregation sites."

https://twitter.com/UrbanEdgeSharks/status/1629136252153864192

Kock explained orcas learn from experimenting with prey and can "remember" specific types of foods that they can then continue to hunt.

"They likely initially learn by experience when first predating a new species," she said.

READ MORE: Bodies of abducted pair found in medical clinic

This means that once the orcas are aware of the liver's location on a shark, "they will remember it forever and become more efficient".

Shark livers are highly nutritious and contain large levels of fats and vitamins. 

"Orcas may have learned that consuming shark livers provides high energy and nutrients," Kock told Live Science.

"Sharks' livers are large and buoyant, and they float to the surface of the water when a shark is killed.

"This makes them easy for orcas to spot and access, compared to other organs that may sink to the bottom or be harder to locate."

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Angela's worked for 38 years. She's never met a female colleague

Angela Falcon has never met another female welder in 38 years working around Melbourne.

And after nearly four decades people are still surprised every time she's told them what she does for work.

Women make up less than one per cent of welders in Australia, with welding being one of the professions with the lowest gender equality in the country, according to Australian Government data.

Falcon, who has had two children during her welding career, is hopeful the balance will change soon.

READ MORE: The superannuation figure Australia has forgotten

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How to maximise grocery savings

Groceries were already one of our biggest household bills, averaging around $14,000 a year.

Then they went up by another 10 per cent last year. So we're going to need to use every Bill Busters trick to keep a lid on our shop in 2023.

Fortunately there are a couple of new savings hacks this year to add to our armoury.

Get 10 per cent off once a month at Woolies and Coles (Ends March 31 2023)

Woolworths has long had a deal where mobile customers get 10 per cent off their first shop each month, capped at $50/month. If you do a big shop, that discount could cover the cost of your mobile plan for the month.

Last year they extended it to their 'Everyday Extra' subscription, where non-mobile customers could pay $59 a year to get the same benefit, plus 10% off a monthly Big W shop.

Now, Coles have finally countered, offering a 10 per cent refund on your biggest shop each month for mobile customers. The mobile plans that qualify are at a higher price-point, starting from $35/month versus $20/month for the Woolies deal, the refund comes in the form of a gift card, and the offer is capped at $30/month for six months, but regular Coles shoppers could save $180 on their supermarket costs. The offer ends on 31 March.

Have said all that, if you're only shopping at Coles or Woolies, you're paying more than you have to…

'Be unfaithful' to your supermarket

For years I've been saying that the best way to pay bottom dollar for groceries is to shop at more than one supermarket, and make sure one of them is Aldi.

Aldi comes up cheaper in every price comparison, by anywhere from 10 per cent to 25 per cent depending on which products you compare.

I once looked at my own $15,000 annual grocery bill and calculated I could reduce it by $1600 if I visit two supermarkets each week.

Don't stay loyal to one supermarket.

The reason is that you can then pick the eyes out of the best specials and prices at each. Coles, Woolies and Aldi all have weekly specials, announced on Mondays and available from Wednesdays. If you check the catalogues before you hit the shops, you can buy the items on your list wherever they're super-cheap that week.

Even if you don't have time to do that weekly, shopping at one supermarket one week and another the week after could save you money.

For example, if you signed up to the Woolies Everyday Extra program and you're a Coles Mobile customer, you could shop at Woolies one week and Coles the next and get 10 per cent off two weeks in a row, then do an Aldi shop on the third week.

How to check weekly supermarket discounts and specials

Coles

Woolworths

  • Download the app
  • Check the website catalogue
  • Join Everyday Rewards and receive weekly emails

Aldi

You can find great deals if you sign  up.

Bulk-buy too

If you can, it also pays to visit a bulk-buy warehouse and a farmers market once in a while.

Warehouses such as Costco or Campbells Wholesale or ABCOE usually have an annual membership fee around $60 so you need to visit at least once every six months to come out ahead.

Go with a friend or family member, buy non-perishable stuff you know you'll need and split the big boxes to get the best prices. Fill up your car while you're there because Costco has very, very cheap petrol.

Maybe make a day of it and hit a farmers market too. Farmers markets can also cost around half of what big supermarkets do, and the produce usually lasts longer because supermarket fruit and veg can be stored for months in some cases.

Buy what's cheap and build your meal plan around that

Most of us don't know what's in season on any given day, but the prices in the supermarket will tell you!

Matt Palise from Red Rich fruits says you can sometimes buy a kilo of fresh produce for less than a coffee if it's in-season, so right now you'll want to check out Royal Gala Apples, William Pears, Grapes, Pineapples, Brooks mangoes and melons. (Remember when Iceberg lettuce was as much as $12 after the floods last year? It's now about $3.) Seasonal Food Guide Australia has a good summary of what to buy when.

Keep an eye out for the best seasonal offers.

Take pity on ugly fruit and veg too – several supermarkets now sell imperfect produce and it can be as much as 50 per cent cheaper.

Thousands of Australians are also discovering the value of frozen veggies since prices started to soar last year.

Know the secrets of supermarket layout

The supermarket designer is an evil genius with a multitude of tricks to make you stay longer and put more in your trolley.

CHOICE's Margaret Rafferty says fruit and veg is always at the entrance to make you feel better about "treating yo self" later on in the chocolate aisle. Eggs are often hard to find because essential items are split up throughout the store to make you walk the whole floorplan.

Magazines, lollies and other impulse buys are always at the checkout where kids can't miss them.

Unit pricing is a handy weapon to counter some of these tactics. Every price label has to tell you what the price is 'per 100g' or 'per 100mL', for example. It's mandatory in Australia, so use it to see which tin of tuna offers the best value – especially if the tin sizes are different, which they often are.

What you'll probably notice is that the best deals are on the top and bottom shelves, not at eye level – and that's another trick the supermarket designers use.

Shop online if you're an impulse buyer

Is it cheaper or more expensive to shop online? Well, it's worse because you might have to pay a fee for delivery and you don't get the chance to wander the aisles and use the unit pricing to find the bargains.

But in some ways it could also be better because you might be less likely to make impulse buys and you might find it easier to stick to a set budget (it's easier to remove things from your digital trolley at the checkout if you've over-spent than it is a real trolley!)

You know you best, so do whatever works for you.

Finally, remember ….

  • Don't shop with kids if you can avoid it,
  • Never shop when hungry
  • Never, ever shop with hungry kids!

Good luck!

Joel Gibson is the author of KILL BILLS & EASY MONEY. He's spent the last two decades hunting down money-saving tricks, hacks and loopholes and sharing them with households via his books, regular media appearances, and on TikTok, Instagram & Twitter.

The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.

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'The harsh truth is you can't easily have it all'

2GB and Nine presenter Deborah Knight shares a very special letter to her children this International Women's Day.

To my Dear Daughters,

Happy International Women's Day! It's great being a girl, and there's so much to celebrate.

We've come so far from the days when girls weren't allowed to do so much. We couldn't
have a job, or own our own things. We weren't allowed to vote at elections, or go to school,
and a lot of this was not that long ago, and for no good reason.

Girls and women were just as able to reach their full potential as you are today – they just
weren't given the chance.

'The harsh truth is you can't easily have it all, maybe not all at once. But I really hope you try'

Now, there are so many more opportunities for girls. If you work hard and put your mind to it,
you can achieve so much in your life and career. You can even be a champion in sports that
once only boys were allowed to play.

Deborah Knight shares a letter to her children on International Women's Day.

But unfortunately there is still a way to go before you are judged only on what you are able to
do, rather than whether you're a boy or a girl.

Your brother will still earn more money than you for the same job. He'll do less work around
the house, and retire on more superannuation. He'll be more likely to be your boss or the
Prime Minister.

You'll be at much greater risk of being a victim of domestic violence or sexual assault, and if
you do become a professional sports star, you'll earn a fraction of what your brother would,
and most likely have to fit another job around your training to pay the bills.

There is so much to celebrate this International Women's Day, but I'm not going to tell you
what I believed was true when I was your age.

You can't easily have it all.

If you want to have children of your own and a career, it will be hard. You'll feel like you're
failing at one or both jobs – letting down your boss and your family at certain points. You'll
feel guilty, and be made to feel guilty for the choices you make.

The harsh truth is you can't easily have it all, maybe not all at once. But I really hope you try.

Love Mum.

Xx

And to my Dear Son,

I hope there's a day soon when we don't need to have an International Women's Day,
because boys and girls will be truly equal.

Your Dad does so much more in raising you and your sisters than Grandad or Great
Grandad ever did, and I know you will likely do more than all of them if you have your own
family one day. Although you need to get better at hanging up your towel after you have a
shower…

The truth is, the girls can fight as hard as they like to get the same opportunities as you, but
they'll never really achieve it without boys like you stepping up as well.

You need to make sure you show them respect, and call out boys and men you see treating
girls and women badly, either with their words or their actions.

And the truth is, we'll all be better off if boys and girls are treated equally. It will make life so
much easier for everyone.

So I hope you recognise the importance of International Women's Day, not just for your
sisters, but for families everywhere.

Love Mum.

Victoria's safe injecting room to become permanent, another on way

Victoria's controversial medically supervised injecting room in North Richmond is set to become a permanent service, with a review finding it has saved 63 lives.

A second building to house a similar service has also been bought, Premier Daniel Andrews has revealed.

Andrews announced his government will be introducing legislation to continue the health service indefinitely after an independent review found the facility in the inner city had "successfully managed almost 6000 overdoses" since it opened in June 2018.

"This is changing lives and saving lives," Andrews said.

READ MORE: Search for two men after hold up at service station in Melbourne's west

Victoria's controversial medically supervised injecting room in North Richmond is set to become a permanent service, with a review finding it has saved 63 lives.

He said the government also planned to enact recommendations made by the independent panel that reviewed the facility.

It recommended more be done to provide access to integrated treatment, care and support for the facility's users.

However, locals are unhappy.

"Anyone with half a brain would think that this is not appropriate next to a primary school, let alone 5000 vulnerable residents," Christine Maynard from Richmond said.

Oliver Hagen has run the butcher across the road for more than a decade.

READ MORE: Sally Rugg loses bid to keep job with MP Monique Ryan

Victoria's controversial medically supervised injecting room in North Richmond is set to become a permanent service, with a review finding it has saved 63 lives.

"We have seen it improve but there's still a large amount of violence around the area," he said.

And the number of needles discarded on surrounding streets has more than doubled, with the council now collecting between 12,000 and 18,000 every month.

Emma Kealy, the Shadow Minister for Mental Health, said: "Now if we've got more needles on the streets, we've got more people not using the injecting room and actually coming to the region to inject drugs – which is of course a massive issue".

"Improving neighbourhood amenity" is a goal of the injecting room but the review panel found the trial "has not achieved this key objective".

But when asked, Andrews said it "was not about amenity, it's about saving lives".

READ MORE: Qantas and Melbourne Airport bracing for 24-hour workers' strike

Photo of newly re-elected Victorian Premier Daniel Andrews announces Priority primary Care Centres will be open by February

Andrews rejected a recommendation to allow couples, those on bail and pregnant women to use the North Richmond facility.

Long-time 9News reporter Laura Turner campaigned for the injecting room after her sister Skye died of a heroin overdose in 2017.

"If I had it my way we would have them all over Victoria," she said.

"There would be one in Dandenong. There would be one in Footscray. There would be one in the CBD."

It seems the Premier has one location in mind for the next such facility: the former Yooralla building next to Degraves Street.

"We've bought a building. We think there's a strong case to have a second injecting facility, but it's got to be at the right location," he said.

In addition to the purchase of the building, the government is setting up a committee to ensure health, housing, homelessness, alcohol and other drug and mental health supports are offered to people who use North Richmond room.

Andrews' government opened the safety injecting room in June 2018 as part of a two-year trial, which was then extended for another three years to June this year.

READ MORE: Australia 'facing threat of war with China within three years'

It has attracted controversy since its opening.

Parents from a nearby primary school, Richmond West Primary School, have complained about its proximity to young children, and neighbours say there have reported an increase in crime and waste in surrounding streets.

A man was found dead just metres from the injecting room in December 2022, while another man was also found overdosed close to the facility in March 2021.

Eight people, including a worker, were arrested for drug trafficking at the facility in 2019.

Plans for a second safe injecting room in Melbourne, opposite the Queen Victoria Market in Melbourne CBD, were raised back in 2020.

The government has advised a decision on its opening will come in mid-2023, with Ken Lay AO, APM conducting an independent consultation into the idea.

A safe injecting room has been operating in Sydney's Kings Cross since it was set up back in 2001.

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Perth Mint, minister knew for months about gold doping

The management at the Perth Mint as well as the Western Australian government knew diluted gold had been sold to China nearly a year before it became publicly known.

The national bullion mint sold 100 tonnes of gold to the Shanghai Gold Exchange which potentially did not comply with Chinese purity standards.

The standard for gold purity is 99.99 per cent.

The Perth Mint sold gold which did not meet purity standards to China.

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The scandal was originally reported on the ABC's Four Corners.

Speaking at a press conference this afternoon, Perth Mint CEO Jason Waters said the amount of silver added to the gold sold to China brought its purity from 99.96 per cent to 99.92 per cent.

"These sort of issues are bad for our reputation. It hurts," he said.

"I want to see that repaired and get back to the reputation that we should have."

Waters said the gold doping took place before he was CEO.

He said he had spoken with WA Mines Minister Bill Johnston about the incident.

Waters did not go into detail about their conversations.

"Since my appointment last year and since I became aware of it, I had some conversations with the minister about it

"It's a fresh team here at the mint now."

He said gold was now being minted to Shanghai Gold Exchange standards.

Though the doping scandal only became public knowledge yesterday, there was a possibility that the mint would have to buy back 100 tonnes of bullion.

As the mint is wholly owned by the WA government, such a recall would have forced Western Australian taxpayers to pay for the gold.

Waters was also asked how a notorious bikie was able to buy $27,000 in gold at the mint by just showing his driver's licence, another incident exposed by Four Corners.

Waters declined to comment.

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