News In Brief

17:57' 25-07-2018
On 3 November, St Kildas Astor Theatre will screen a marathon of nine Harry Potter movies.

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    Harry Potter Flies Into Melbourne

    Fans of schoolboy wizard Harry Potter's stories have a very full calendar to look forward to in late 2018.

    On 3 November, St Kilda's Astor Theatre will screen a marathon of nine Harry Potter movies. This includes the eight movies about Harry's adventures at Hogwarts, followed by the movie version of Fantastic Beasts and Where to Find Them. The marathon begins at 11am, and costs $45.

    Also in November, the Melbourne Convention and Exhibition Centre will screen the third movie, The Prisoner of Azkaban, with the musical score played by the Melbourne Symphony Orchestra.

    Later that month sees the release of the new movie The Crimes of Grindelwald, a sequel to Fantastic Beasts.

    To see in the New Year, the play Harry Potter and the Cursed Child will be performed live from 16 January for a six-week season.

    Funding For Paediatric Skills

    Health innovation company Curve Tomorrow will receive $1.4 million from the Workforce Training Innovation Fund (WITF) to launch a Virtual Reality program, which will give paediatric health professionals TAFE training in true-to-life crisis situations.

    Using a virtual reality headset, students will be fully immersed in a 360 degree, pre-recorded virtual environment, where they will deal with scenarios include responding as a team to critically injured patients, dealing with a stressed and aggressive parent, or resuscitating an infant.

    The program was developed by Curve Tomorrow in collaboration with Holmesglen TAFE and Swinburne University.

    The State Government is providing $43.1 million from the WITF for industry to develop courses with TAFE and training providers which meet changing workplace needs.

    Airport Rail Link Confirmed

    A rail link to Tullamarine Airport, first suggested in the 1960s, will begin construction if the current State Government is re-elected.

    The government will provide up to $5 billion towards the project, matching the commitment from the Federal Government. Private sector contributions will also play a part in the delivery of the project.

    Of four routes considered, the preferred route will see trains travel to the airport from the CBD via a new Sunshine Super Hub, connecting regional and metro train lines, including the Metro Tunnel, to the new airport link. The new hub will also pave the way for fast regional rail services from Geelong and Ballarat, via just one change.

    Work is underway on the full business case, to be completed by Rail Projects Victoria next year.

    Super Loans Too Risky For Westpac

    Westpac, one of the “big four” banks, has announced it will no longer offer self-managed super fund (SMSF) loans for new consumer or business lending.

    The move also applies to Westpac subsidiaries the Bank of Melbourne, St. George Bank and BankSA.

    Doron Peleg, CEO of advisory firm RiskWise Property Research, says that offering SMSF loans is “beyond Westpac’s risk appetite”, because retirees could lose significant amounts of their pension due to failed property investment. Mr Peleg considers it a “a dangerous road” for pensioners and calls it “an accident waiting to happen”.

    SMSFs have gained popularity in Australia, with more than 600,000 managing around $700 billion in total assets, with an average balance of more than $1.1 million.

    According to Industry Super Australia, there has been a 200% rise in the past few years of borrowing on super to feed into property.




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