Business News Releases

Stupidity in the workplace can produce good results

FUNCTIONAL stupidity can be catastrophic. It can cause organisations to collapse, financial meltdown and technical disaster.

But, says Professor Mats Alvesson, an internationally respected expert on management, stupidity can also produce good short term results through enthusiasm, trust, focus and compliance.

Professor Alvesson of Sweden’s Lund University, describes this as “the stupidity paradox” and his book of the same name has become an international bestseller.

“It’s a tome against mindless conformism,” Prime Minister Malcolm Turnbull, who included the book on the Christmas reading list, recently told The Guardian.

It explores the dangers of mindless conformity and deference, and how a culture which questions established ways of doing things better enables organisations to innovate and succeed.”

Professor Alvesson is to give an address at the University of Sydney Business School, titled The Stupidity Paradox – the power and the pitfalls of functional stupidity at work.

Previewing the talk, he said it would tackle head-on the pros and cons of functional stupidity.

“You'll discover what makes a workplace mindless, why being stupid might be a good thing in the short term but sometimes very problematic in the longer term, and how to make your workplace a little less stupid by challenging the thoughtless conformity that most organizations cultivate,” Professor Alvesson said.

www.sydney.edu.au

 

Date:               Thursday 9th March 2017

Time:              12:00 noon

Venue:            Room 5050, Abercrombie Building (H70)

                        Cnr Abercrombie and Codrington Streets, Darlington

ENDS

 

 

Breaking the gridlock: modernising Australia’s electricity networks

TODAY the House of Representatives Standing Committee on the Environment and Energy launched an inquiry into modernising Australia’s electricity grid.

The electricity grid in Australia is entering a significant period of transition, driven by the shift from traditional sources of electricity generation to new sources such as wind and solar. At the same time, new technology is rapidly changing the way in which households and businesses interact with the grid.

The Chair of the Committee, Andrew Broad MP, said the inquiry would seek to understand the community’s expectations of the electricity grid, examine challenges and opportunities involved in modernising the grid, and learn from the experiences of other countries.

“New technologies such as renewables and energy storage are already transforming the grid—both here in Australia and overseas. We want to hear from the community about their priorities for the grid, and about how a modern grid can better meet the needs of all Australians,” Mr Broad said.

The Chair emphasised that the Committee would work together to identify practical recommendations that balance the need for security and affordability, and to ensure that the grid has the flexibility to adapt to emerging technologies and needs.

“The Committee sees this inquiry as an opportunity for all sides to work together in the national interest. The grid is essential to our way of life, but it is complex and needs careful consideration. Parliamentarians have an important role to play in building support in the community for changes that will bring about a grid that is more secure, more sustainable, and fairer for consumers,” Mr Broad said.

The Deputy Chair of the Committee, Mr Pat Conroy MP, explained that despite the uncertainty about how the mix of electricity generation will evolve into the future, the Committee’s focus would be on the pressing need to modernise the electricity transmission and distribution networks.

“There is a legitimate debate about how our electricity will be generated in the future. Yet, it is already clear that the electricity grid is approaching the limits of what it was designed to do. The critical question for the Committee is, what actions can be taken now to ensure that the grid has the flexibility to integrate electricity from a variety of sources at the lowest possible cost?” Mr Conroy said.

In conjunction with the inquiry, the Committee has launched an online questionnaire, which asks households and businesses to share information about how they currently interact with the electricity grid, and about their expectations of the grid into the future.

The Committee will also accept written submissions, addressing one or more of the terms of reference, until 28 April 2017. To assist stakeholders in formulating their submissions, the Committee has prepared a brief discussion paper expanding on the terms of reference.

Throughout the inquiry, the Committee will hold public hearings with government agencies, industry and community groups, and other interested stakeholders. In the coming weeks, the Committee will be looking to set the context for the inquiry, so that the Committee and the community can better understand the current state of the grid, and have a clearer picture of the task at hand.

Further information about the inquiry—including the terms of reference, the discussion paper, and the online questionnaire—is available on the inquiry webpage. Information about how to make a submission to an inquiry can be obtained from the Parliament of Australia webpage.

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Organisations to brief committee on innovation

AS PART of its inquiry into Innovation and Creativity: Workforce for the New Economy  the Standing Committee on Employment, Education and Training will hear from the Australian Nuclear Science and Technology Organisation (ANSTO) and the Commonwealth Science and Industry Research Organisation (CSIRO).

Committee Chair Andrew Laming MP said hearing from these important and innovative government organisations was very important to the Committee.

“Each of these organisations is at the cutting edge of technology and innovation and the Committee is keen to hear about the research that each organisation is currently undertaking,” Mr Laming said.

Committee Deputy Chair Terri Butler MP said she was looking forward to hearing from the organisations.

“As well as an impressive research and technology focus each of these organisations are involved with training some of Australia’s top scientists. It will be interesting and important for the Committee to hear their views on Australia’s education priorities,” Ms Butler said.

Public Hearing Details: 11:20am - 12:45pm, Wednesday 1 March, Committee Room 1R2, Parliament House, Canberra

The hearing will be webcast at www.aph.gov.au/live.

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Public hearings on driverless vehicles rev up

THE Department of Infrastructure and Regional Development will address the Standing Committee on Industry, Innovation Science and Resources as hearings into its inquiry into driverless vehicles commence.

Committee Chair, Michelle Landry MP, said the Committee was looking forward to taking evidence on how driverless vehicles have the potential to improve many aspects of life for all Australians.

“Testing of driverless vehicles has begun here in Australia and in many other countries around the world.

It is time to consider not just the technological developments but importantly the social issues that will impact all Australians in the near future. Driverless vehicles have the potential to significantly improve road safety, environment outcomes, and productivity of the economy while also assisting people with mobility issues.” Ms Landry said.

During the inquiry the Committee will focus on issues such as:

  • Safety concerns for passengers and non-passengers
  • Security risks and privacy requirements of automated technologies
  • Legal frameworks and changes to regulations
  • Management of labour market impacts
  • Accessibility outcomes for rural and regional Australians, and
  • Accessibility outcomes for disability groups and the ageing population.

A number of public hearings have been scheduled in Canberra and interstate during March, April and May. The schedule can be found here.

The Committee is still accepting submissions for this inquiry. Please notify the This email address is being protected from spambots. You need JavaScript enabled to view it. if you intend to make a submission.

Further information on the inquiry, including the full terms of reference, is available on the Committee website. The Committee is expected to report by September 2017.

Public Hearing Details: 10:45am - 11:45am, Wednesday 1 March, Committee Room 1R6, Parliament House, Canberra

The hearing will be webcast in audio format at www.aph.gov.au/live.

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Sunday penalty rates decision tomorrow - ARA

THE Australian Retailers Association (ARA) has been informed by the Fair Work Commission that the Penalty Rates decision will be handed down tomorrow, February 23, 2017 at 11am in Melbourne.

Members will be aware that the ARA has been leading the case to reduce the Sunday Penalty Rates under the General Retail Industry Award 2010, from double time (200%) to time and a half (150%).

Following the considerable financial contributions made by retailers and associations including the ARA, Master Grocers Association (MGA) and Franchise Council of Australia (FCA), we are hopeful on behalf of the sector that the decision will be in the industry’s favour.

A positive outcome will increase employment in the retail industry and support economic growth in the overall sector.

ARA Executive Director, Russell Zimmerman and his senior legal team will be at Fair Work tomorrow on Exhibition Street and will be available for comment following the decision.

The ARA wishes to clarify, that despite reports from some media outlets, the ARA was not privy to when the Sunday Penalty Rates decision would be made, nor privy to any content regarding the decision.

ARA regularly conducts general briefings as part of their ongoing commitment to members. The Employment Relations briefing held yesterday broadly discussed potential outcomes and what they could mean for retailers, and eagerly awaits Fair Work’s decision tomorrow. 

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $300 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

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Under the spotlight: Hearings on social security, nuclear research cooperation and vehicle standards

THE Treaties Committee will hold a public hearing in Canberra on Monday to examine three separate treaties: a bilateral social security agreement with New Zealand, a multilateral agreement for regional cooperation for nuclear research, and a multilateral agreement for the harmonisation of standards for vehicles.

Committee Chair Stuart Robert MP said public hearings allow the text of each treaty to be carefully examined.    

“Although treaty making remains the prerogative of the Executive, the role of the Committee is to examine each treaty brought before it, to determine if it is in the national interest. This public hearing is an opportunity for the Committee to examine the terms of each treaty and ensure that they meet the needs and expectations of Australians and is in our national interest,” Mr Robert said.

Social Security Agreement – New Zealand

Under this Agreement people who have lived in both countries will have access to specified income support payments in their current country of residence. The new Agreement replaces a similar existing agreement, and provides that both countries will contribute to these social security payments on a proportional basis.

Nuclear Research Cooperation Agreement

The proposed Agreement will facilitate regional cooperation in the peaceful use of nuclear energy in the East Asia-Pacific region, through joint research, development and training projects. The proposed Agreement is an important mechanism to fulfil Australia’s obligations under the Treaty on the Non-Proliferation of Nuclear Weapons. 

Harmonisation of Wheeled Vehicles – Revision

The proposed Agreement updates earlier agreements that harmonise technical safety and environmental regulations for vehicles, and consequently reduce barriers to the international export and import of vehicles between countries.

Public Hearing Details: 11am - 1pm Monday 27 February, Committee Room 1R1, Parliament House, Canberra

11:10am: Social Security Agreement - New Zealand
Department of Social Services

11:50am: Nuclear Research Cooperation Agreement
Australian Nuclear Science and Technology Organisation

12:30pm: Harmonisation of Wheeled Vehicles - Revision
Department of Infrastructure and Regional Development

1pm: Close

The hearing will be webcast in audio format at www.aph.gov.au/live.

Interested members of the public may wish to track the committee via the website.

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ARA congratulates NSW Government on retail lease reforms

THE Australian Retailers Association (ARA) today congratulated the NSW Government on successfully implementing significant changes to the NSW Retail Leases Act, to increase transparency and fairness between NSW retail businesses and landlords.

ARA Executive Director, Russell Zimmerman, said the improved retail lease protections and streamlined processes will create stronger and fairer relationships between retail tenants and landlords.

“As the retail industry is constantly evolving it’s great to see the NSW Government implementing progressive changes that ensure the legislation remain relevant to all retailers throughout Australia,” Mr Zimmerman said.

The Retail Leases Amendment (Review) Bill 2016 was presented to NSW Parliament on Tuesday to introduce reforms to the Retail Leases Act 1994 to improve fairness in the marketplace.

“The amended Act will give retailers a better understanding of retail centre values and side deals, ensuring leasing costs are transparent for both large and small retail businesses,” Mr Zimmerman said.

“These significant changes will ensure greater transparency and certainty about retail lease deals during negotiations and simplify the process of transferring a retail lease.”

A Retail Code of Industry Practice has been developed by the ARA, Franchise Council and Pharmacy Guild who have managed with the State Government to have the Shopping Centre Council of Australia agree to sign the code.

“The Code will address information asymmetry and encourage the reporting of sales and occupancy costs by category, giving retailers a better understanding of how a shopping centre is performing,” Mr Zimmerman said.

“This Code allows retailers greater transparency when negotiating lease deals, not only enhancing competition in the retailing space, but also putting retailers on a level playing field with landlords,” he said.

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $300 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

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Give back the over 50s cap - IPA

THE Institute of Public Accountants (IPA) is calling on the Government to reinstate the superannuation concessional contribution cap for the over 50s to $35,000.

“With the Government’s superannuation reforms passed in Parliament in November 2016, the concessional contribution cap was reduced to $25,000 per annum for all eligible contributors; a position that the IPA does not support,” said IPA chief executive officer, Andrew Conway.

“In particular, we do not support the reduction of the current cap of $35,000 for individuals over 50 years of age.

“People aged over 50 should be encouraged to make further superannuation contributions especially when they have the capacity to do so to address any superannuation balance shortfall.

“This situation is further exacerbated with the Government’s announcement of the deferral of the proposed catch up measure until 1 July 2018 which effectively means the first catch up will not be available until the 2019/20 financial year.

“The deferral was a budgetary decision to partially offset the cost of reintroducing an annual non-concessional contributions cap.

“The Henry Tax Review recommended a higher contribution cap for Australians aged 50 and over and yet the current cap of $35,000 is less than a third of what the cap was 10 years ago.

“We need to encourage contributions to superannuation in line with the original intent of superannuation and that is self-funded retirement,’ said Mr Conway.

publicaccountants.org.au

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Simplify small business structure options - IPA

THE Institute of Public Accountants (IPA) is calling on the Government to introduce simpler structure options for small business to streamline and reduce regulation and red tape and/or extend the use of safe harbours.

“The IPA has long held the aspiration of achieving the simplification of the small business taxation system through the application of a structure which eliminates the need for multiple structures,” said IPA chief executive officer, Andrew Conway.

“Multiple structures are commonly needed to achieve tax outcomes which would otherwise be unavailable through a single entity. 

“Small businesses seek measures which promote asset protection, the retention of profits for working capital, lower tax rates, access to CGT discounts, succession planning and income distribution.  A combination of entities is generally used to achieve these outcomes.

“When a small business operates through separate legal structures, the current taxation system treats the structures as taxation entities separate from their owners, resulting in a quantum leap in tax compliance and complexity.

“International evidence shows entities specifically designed for small businesses provide a number of advantages such as asset protection, income streaming and retention of after tax profits.

“A simplified small business entity regime which combines the attributes of companies, trusts and partnerships could significantly reduce regulations and red tape for small businesses.

“The creation of this new small business structure would allow small business entities to use a single simplified structure rather than the current complicated ownership structure such as trusts.

“If such a structure allowed the optional retention of income at the corporate tax rate, it would allow most of the benefits that can currently be obtained via the use of a company and discretionary trust via a cheaper and simpler vehicle to administer.

“It is most unfortunate that the taxation of trusts has not been rewritten and updated to reduce complexity, despite numerous recent announcements to this effect.

“The compliance burden from the use of trusts to the small business sector must not be underestimated.  A simplified taxation of trusts regime could go a long way in creating a flexible small business structure of choice,” said Mr Conway.

 

publicaccountants.org.au

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a road map to how to change your brain

WORLD-RENOWNED brain scientist Dr Michael Merzenich will deliver a keynote address at the 'I Can Change My Brain' conference at Deakin University in Melbourne, Australia on Sunday, February 26, 2017.

Dr Merzenich is Chief Scientific Officer at Posit Science and Professor Emeritus at University of California San Francisco (UCSF).

Dr Merzenich will speak on how breakthroughs in brain plasticity in his lab (and in the labs of colleagues across the globe) have now entered the final stage of translational research – resulting in strategies and products that people can engage with today to monitor and improve brain performance and brain health.

Three decades ago, Dr Merzenich forever changed the way scientists look at the brain with his seminal experiments showing that the adult brain remains plastic – capable of changing chemically, physically and functionally, throughout life, based on sensory and other inputs.  Previously, scientists believed that the brain was plastic only in childhood.

Dr Merzenich realized that plasticity could be harnessed to create tools to benefit humanity. He first applied plasticity in the co-invention of the cochlear implant, which has restored hearing to hundreds of thousands of people living with deafness.

With the wide adoption of personal computers and, then, mobile devices, Dr Merzenich focused on how to create online (and in app) assessments and exercises that continuously adapt and personalize to monitor and improve individual health and performance. 

The exercises in the BrainHQ brain-training platform from Posit Science have been shown to improve performance across a wide range of populations in more than 140 peer-reviewed journal articles.

Studies in healthy mature adults have shown gains in standard and real world measures of cognition (e.g., brain speed, attention, memory and executive function); quality of life (mood, confidence, self-rated health, functional independence); and everyday activities (balance, movement, driving).

Last year, Dr Merzenich was awarded the Kavli Prize, the highest honor in neuroscience. The prior year, he was awarded the Russ Prize, the highest honor in bio-engineering.  

He has been elected by his peers to both the National Academy of Sciences and to the National Academy of Medicine in the USA. He also is a member of the Norwegian Academy of Sciences and Letters.

Dr Merzenich frequently appears on television and in the press. He may be best known to Australian audiences for his role in the award-winning television series Redesign My Brain.
Dr Merzenich is the author of several books, including Soft-Wired: How the New Science of Brain Plasticity Can Change Your Life.

More information about the conference can be found at http://changemybrain.businessbrainmapping.com

ENDS

Festivals Australia open for applications

APPLICATIONS are now open for the Festivals Australia program.

Funding is given to activities which can include but are not limited to a parade, performance, workshop, installation, or exhibition held as part of a festival or a significant one-off community.

$1.2 million is given each financial year for high-quality arts and cultural projects in regional and remote Australia that support community participation and audience engagement.

Applications close on Friday March 24 at 5pm AEDST.

The guidelines and application form are available on the Festivals Australia page arts.gov.au/Festivals

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MANSFIELD QLD 4122