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National Rental Affordability Scheme
The National Rental Affordability Scheme (NRAS) is an Australian Government initiative to stimulate the supply of new affordable rental dwellings. The Scheme offers annual incentives for ten years (indexed annually to the rental component of the CPI). The two key elements of the incentive are: *A Commonwealth Government Incentive currently of $8,335.75 per dwelling per year as a refundable tax offset or payment ; and *A State or Territory Government Incentive currently of $2,778.58 per dwelling per year in direct or in kind financial support. The Incentive is provided annually for ten years and is indexed based upon the rental component of the CPI index. The most recent increase was 0.6%. Incentives are provided on the condition that throughout the ten-year period the dwelling is rented at least 20 per cent below the market rate to eligible low and moderate income households. The Department of Social Services (Australia) is responsible for the implementation and ongoing manage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Incentive
In general, incentives are anything that persuade a person to alter their behaviour. It is emphasised that incentives matter by the basic law of economists and the laws of behaviour, which state that higher incentives amount to greater levels of effort and therefore, higher levels of performance. Divisions Incentives can be broken down into two categories; intrinsic incentives and extrinsic incentives. The motivation of people's behaviour comes from within. In activities, they are often motivated by the task itself or the internal reward rather than the external reward. There are many internal rewards, for example, participating in activities can satisfy people's sense of achievement and bring them positive emotions. An intrinsic incentive is when a person is motivated to act in a certain way for their own personal satisfaction. This means that when a person is intrinsically incentivised, they perform a certain task to please themselves and are not seeking any external reward, nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Support
An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Types of investments include equity, debt, securities, real estate, infrastructure, currency, commodity, token, derivatives such as put and call options, futures, forwards, etc. This definition makes no distinction between the investors in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns stock is a shareholder. Types of investors There are two types of investors: retail investors and institutional investors. Retail investor * Individual investors (including trusts on behalf of individuals, and umbrella companies formed by two or more to pool investment funds) * Angel investors (individuals and groups) * Sweat equity investor Inst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Rate
The market rate (or "going rate") for goods or services is the usual price charged for them in a free market. If demand goes up, manufacturers and laborers will tend to respond by increasing the price they require, thus setting a higher market rate. When demand falls, market rates also tend to fall (see Supply and demand). See also * Interest * Market price A price is the (usually not negative) quantity of payment or Financial compensation, compensation given by one Party (law), party to another in return for Good (economics), goods or Service (economics), services. In some situations, the pr ... External linksBusiness Dictionary Free market {{econ-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Social Services (Australia)
The Department of Social Services (DSS) is a department of the Government of Australia charged with the responsibility for national policies and programs that help deliver a strong and fair society for all Australians. The department develops and implements social policy. The head of the department is the Secretary of the Department of Social Services, currently Ray Griggs,. who reports to the Minister for Families and Social Services. Previously, the Minister for Social Services was Paul Fletcher from 2018 to 2019. In the Turnbull Government, the ministers were assisted by the Assistant Minister for Disability Services, the Hon Jane Prentice and the Assistant Minister for Multicultural Affairs, the Hon Craig Laundy . The head office of the department is located in the Australian Capital Territory suburb of Greenway. History The department was formed by way of an Administrative Arrangements Order issued on 18 September 2013 and replaced the majority of the functions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Taxation Office
The Australian Taxation Office (ATO) is an Australian statutory agency and the principal revenue collection body for the Australian Government. The ATO has responsibility for administering the Australian federal taxation system, superannuation legislation, and other associated matters. Responsibility for the operations of the ATO are within the portfolio of the Treasurer of Australia and the Treasury. As the Australian government's principal revenue collection body, the ATO collects income tax, goods and services tax (GST) and other federal taxes. The ATO also has responsibility for managing the Australian Business Register, delivering the Higher Education Loan Program, delivering many Australian government payments and administering key components of Australia's superannuation system. History During the colonial period of the 1800s, a number of landholders had secured large tracts of arable land in Australia. After the states federated in 1901 to form the Commonwealth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Key Worker
A key worker, critical worker or essential worker is a public-sector or private-sector employee who is considered to provide an essential service. The term has been used in the United Kingdom in the context of workers who may find it difficult to buy property in the area where they work."Key Worker Living programme" Directgov The term was also used by the UK government during announcements regarding school shutdowns invoked in response to the to indicate parents whose occup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renting
Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership. An example of renting is equipment rental. Renting can be an example of the sharing economy. History Various types of rent are referenced in Roman law: rent (''canon'') under the long leasehold tenure of Emphyteusis; rent (''reditus'') of a farm; ground-rent (''solarium''); rent of state lands (''vectigal''); and the annual rent (''prensio'') payable for the ''jus superficiarum'' or right to the perpetual enjoyment of anything built on the surface of land. Reasons for renting There are many possible reasons for renting instead of buying, for example: *In many jurisdictions (including India, Spain, Australia, United Kingdom and the United States) rent paid in a trade or business is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dwelling
In law, a dwelling (also known as a residence or an abode) is a self-contained unit of accommodation used by one or more households as a home - such as a house, apartment, mobile home, houseboat, vehicle, or other "substantial" structure. The concept of a dwelling has significance in relation to search and seizure, conveyancing of real property, burglary, trespass, and land-use planning. Legal definitions Legal definitions vary by jurisdiction. 'Dwelling' (England and Wales) Under English law, a dwelling is defined as a self-contained 'substantial' unit of accommodation, such as a building, part of a building, caravan, houseboat or other mobile home. A tent is not normally considered substantial. 'Dwelling' (North Carolina) According to North Carolina General Statute § 160A-442, "Dwelling" means any building, structure, manufactured home or mobile home, or part thereof, used and occupied for human habitation, or intended to be so used, and includes any outhouses and appurte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Building Code
A building code (also building control or building regulations) is a set of rules that specify the standards for constructed objects such as buildings and non-building structures. Buildings must conform to the code to obtain planning permission, usually from a local council. The main purpose of building codes is to protect public health, safety and general welfare as they relate to the construction and occupancy of buildings and structures. The building code becomes law of a particular jurisdiction when formally enacted by the appropriate governmental or private authority. Building codes are generally intended to be applied by architects, engineers, interior designers, constructors and regulators but are also used for various purposes by safety inspectors, environmental scientists, real estate developers, subcontractors, manufacturers of building products and materials, insurance companies, facility managers, tenants, and others. Codes regulate the design and construction of s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2010–2011 Queensland Floods
A series of floods hit Queensland, Australia, beginning in November 2010. The floods forced the evacuation of thousands of people from towns and cities. At least 90 towns and over 200,000 people were affected. Damage initially was estimated at around A$1 billion before it was raised to $2.38 billion. The estimated reduction in Australia's GDP is about A$30 billion. As of March 2012, there were 33 deaths attributed to the floods, with a further three people still missing. Three-quarters of the council areas within the state of Queensland were declared disaster zones. Communities along the Fitzroy and Burnett Rivers were particularly hard hit, while the Condamine, Ballone, and Mary Rivers recorded substantial flooding. An unexpected flash flood caused by a thunderstorm raced through Toowoomba's central business district. Rainfall from the same storm devastated communities in the Lockyer Valley. A few days later, thousands of houses in Ipswich and Brisbane were inundated as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Julia Gillard
Julia Eileen Gillard (born 29 September 1961) is an Australian former politician who served as the 27th prime minister of Australia from 2010 to 2013, holding office as leader of the Australian Labor Party (ALP). She is the first and only female prime minister in Australian history. Born in Barry, Vale of Glamorgan, Barry, Wales, Gillard migrated with her family to Adelaide in South Australia in 1966. She attended Mitcham Primary School, Mitcham Demonstration School and Unley High School. Gillard went on to study at the University of Adelaide, but switched to the University of Melbourne in 1982, where she graduated with a Bachelor of Laws in 1986 and a Bachelor of Arts in 1989. During this time, she was Australian Union of Students, president of the Australian Union of Students from 1983 to 1984. In 1987, Gillard joined the law firm Slater & Gordon, eventually becoming a Partner (business rank), partner in 1990, specialising in industrial law. In 1996, she became chief of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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