Sydney Film Festival announces Casey Affleck and Whitney Houston films

Still from the film A Ghost Story, starring Casey Affleck and Rooney Mara
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A haunting drama that has Casey Affleck as a ghost under a white sheet, a documentary that looks at Whitney Houston’s tragic death and a drive-in screening of An American Werewolf in London will feature at Sydney Film Festival in June.

Director Nashen Moodley has announced the first films in the program – 15 features and 13 documentaries – and revealed the 64th festival will include an extra cinema.

While still based in its traditional venues in the city – the State Theatre, Event Cinemas George Street and Dendy Opera Quays – the festival has the Randwick Ritz joining Dendy Newtown, Cremorne Orpheum, the Art Gallery of NSW and Casula Powerhouse for an event that attracted more than 170,000 patrons last year.

Moodley expects one of the highlights to be David Lowery’s A Ghost Story, a drama that has Affleck as a musician who dies in a car crash then returns to the home he shared with his grieving wife, played by Rooney Mara.

“It’s very a minimal film and, as you can tell from the sheet, very lo-fi,” Moodley says. “But it’s a really moving love story.”

English documentary maker Nick Broomfield will be a guest at the festival – and present a masterclass – for the screening of Whitney: Can I Be Me, which charts Houston’s rise to become one of the world’s biggest female singers then her downfall and death in 2012.

“Just like in Amy [the Oscar-winning documentary about Amy Winehouse],we see things going wrong,” Moodley says. “It’s a tragic story but also one that features the absolute beauty of her voice.”

An American Werewolf in London, the comic horror film from 1981, will screen under a full moon at the Skyline Drive-in at Blacktown.

The first n film to be announced is the comedy That’s Not Me from a husband-and-wife filmmaking team, writer-director Gregory Erdstein and writer-star Alice Foulcher. She plays twin sisters who are both actors in a film that was made for just $60,000.

“It’s an independent film that’s very clever and very funny,” Moodley says. “They say it’s inspired by Bridesmaids and Girls and that’s certainly the case but it has a certain Curb Your Enthusiasm type awkward humour as well.”

At a festival that is traditionally strong on documentaries, another highlight looks to be Raoul Peck’s I Am Not Your Negro, which was up for best feature documentary at the Oscars this year. Based on an unfinished manuscript by American writer James Baldwin, it is narrated by Samuel L. Jackson.

Also screening are Jennifer Peedom’s follow-up to the acclaimed Sherpa, the documentary Mountain; the acclaimed Swiss-French animation My Life As A Zucchini, which was up for best animated feature at the Oscars; the documentary Winnie, about Winnie Madikizela-Mandela; Waiting For Giraffes, which is described as an inspiring documentary about a zoo caught in the middle of the Israeli-Palestinian conflict; and the Mexican film The Untamed, which Moodley describes cryptically as “sci-fi erotica meets social realism.”

While yet to decide on an opening night film, he is “about halfway” through finalising the competition for “courageous, audacious and cutting edge” cinema.

The rest of the program will be announced on May 10, with the festival running from June 7 to 18.

The three biggest renovation mistakes, according to an expert

Choosing your home’s colours and finishesWhat is your renovation style?How to tackle your home renovation
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There’s no doubt about it, renovating is big business in . With shows like The Block, House Rules, Selling Houses and many more, inspiration is everywhere.

These shows not only highlight the highs of renovating but also some of the pitfalls to be aware of – and I’m so glad they do. I think people are a lot more aware of what can go wrong with renovating these days, which is a very good thing.

But what I’ve noticed is that home renovators continue to make the same general mistakes during the process. It pains me to hear these stories when the remedies are so simple.

The three biggest mistakes people make when renovating? In no particular order, here they are.

Renovating one room at a time

Renovating one room at a time is a great idea, but choosing your colours and materials one room at a time isn’t. Designing your rooms piecemeal makes for an inconsistent and patchy overall look of your home.

I always recommend planning out your entire renovation at the beginning of the process – before you press the button on anything. This way, regardless of whether you do your renovation all at once or chip away at it over a period of time, it’ll look like it was all done at once and give you a complete and cohesive aesthetic in the long run.

If you want to renovate one room at a time, maybe sure you plan carefully at the beginning. Photo: Gillian van Niekerk

Copying the internet or magazine photos

Once again, getting ideas from the internet and magazines is a good idea. The trick is not to copy these photos exactly. Instead, consider what design elements you can use from the various images you like. Can you combine the wall colour from one image with the benchtop from another image, and a layout idea from yet another image?

These selections will need to work in a cohesive way so that all the colours and textures look good together. You should also consider whether the design you’ve chosen will work in with the architectural style of your home. For instance, if your home was built in the 1960s, then your renovation may include a subtle “nod” towards that era, rather than a completely modern design that doesn’t suit it at all.

Getting inspiration is great but don’t forget to consider what works best for your space. Photo: Stocksy

Make colour and materials selections from tiny samples

What might look like the perfect colour on a 10-centimetre to 20-centimetre square sample, may be completely wrong in a larger space. Have you ever painted a wall in a colour and then compared the finished wall to your tiny sample, thinking the painter got it wrong?

Luckily, repainting a wall is an easy fix. Sometimes you’ll find the exact combination of colours and finishes you’re going for in a showroom. But if not, it really can be a bit of a guessing game if design or colour selection isn’t your strong suit.

Imagine if you got your tiles wrong, or your kitchen cabinetry and stone benchtop? Now those are bigger, scarier mistakes to make!

When spending so much money on renovating your home (often upwards of $50,000-$60,000), it makes sense to seek professional design advice to set you in the right direction and help combat these three big no-no’s.

Be aware that samples don’t always look like the finished product. Photo: Stocksy

Jane Eyles-Bennett is an award-winning interior designer with over 25 years’ experience. She offers a new concept in interior design with her “We Design it. You Make it Happen” approach, specialising in exteriors, kitchens and bathrooms.

Contact Jane at [email protected]苏州夜总会招聘 or via her website.

Potential buyer attempts $10 bid in marathon auction for $1.24m house

Property buyers pay millions for vacant landKnock-down house smashes reserve by $1.7mDemolition properties selling for millions
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It took 45 minutes and left the auctioneer with no voice, but a Preston house in completely original condition sold for almost $1.24 million.

Two determined developers traded about 80 bids of $500 after the three-bedroom home at 15 Osborne Grove was announced as on the market at $1.2 million.

The underbidder tried offering as little as $10 to stay in contention, but it was knocked back by the auctioneer. The property sold for $1,239,500 after 108 bids.

Barry Plant Preston auctioneer Jim Dimitropoulos said it was the longest auction he ever conducted.

“For every single bid I received I had to call it down three times, so it got pretty frustrating at one point,” he said.

“I had no voice at the end of that and my throat was sore.”

Though the bidding increased in $10,000 rises until $1.2 million, Mr Dimitropoulos said the speed slowed right down.

“One of the buyers asked if I would take a $10 bid and I said no,” he said, adding the auction would have continued “until Christmas”.

“I felt this was never going to end, so lucky we had time.”

At the end of the day, Mr Dimitropoulos said, he aimed to achieve the best price for the vendor by extracting every single bid.

For buyers, slowing down the auction could be a strategy to make their competitor think they were done bidding or running out of money, he added.

There were three bidders for the development opportunity, but it came down to a two-horse race.

The buyer planned to build three townhouses on the 722-square-metre block, a deceased estate offered for the first time in more than 50 years.

Across town, First National Lindellas’ Dennis Dellas has held three hour-long auctions in the past year.

His longest went for one hour and 16 minutes at 61-63 Whitehorse Road in Blackburn last April, with a developer paying $3.64 million for the 1470-square-metre block. Another development site at 89 Thames Street in Box Hill sold for $2.77 million ??? $670,000 over reserve in just over 50 minutes in November.

In neighbouring Box Hill North, it took one hour and three minutes to determine the buyer for a development site at 70 Severn Street last December. There were four bidders and it sold for $225,000 over reserve.

Mr Dellas said some developers took their time, and it could take anywhere between three and five minutes for one bid.

“You’ve just got to fill it in … with verbal fillers during the auction, and we usually talk about the area, the suburb, what you can do with the property and having no buyer’s remorse,” he said. “But you’ve just got to make sure that they’re completely out.

“And the reality is that they’re thinking about it; they’re either on a phone call to someone else or they’re working out the currency figures.”

Mr Dellas added that auctions should not be rushed and his office scheduled its 90 minutes to two hours apart.

Banks drag ASX to narrow loss

The local sharemarket trended slightly lower on Tuesday after losses on Wall Street, with banks leading the way lower, while the n dollar fell following the Reserve Bank’s rates decision.
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The benchmark S&P/ASX200 fell 0.3 per cent to 5856.6 while the broader All Ordinaries Index gave up 0.2 per cent to 5895.8.

The big four banks led the market lower, losing between 0.4 to 1.0 per cent, with Westpac the single biggest drag on the index. The sector was key to the market rally last week that drove the ASX to two-year highs.

Some pullback wasn’t unexpected, as n shares were relatively expensive, said JPMorgan Asset Management global equities strategist Kerry Craig. Tuesday’s session was emblematic of the small falls the market has experienced of late – a state of unusually low volatility Mr Craig believes cannot last.

“The expectations around financials and resources are high…They’ve been providing a lot of underlying support. It just becomes more fickle to find those returns when you’re paying this much more [to buy into stocks] than you have in the past.

“The market’s been moving higher at a pretty steady place,” he said. The ASX has moved by more than 1 per cent only four days in the first three months of this year, compared to a long run average of 56 over the year.

“You’ve only had two other years in ASX200 history where the drawdown has been as small as it’s been this year. So we’re going to see some drop at some point.”

The materials sector provided an overall boost to the index, rising 0.2 per cent.

The surge in coking coal prices after Cyclone Debbie disrupted production continued to benefit Whitehaven Coal and South32, where coking coal operations were unaffected. Whitehaven added 5.5 per cent and South32 added 2.5 per cent to yesterday’s gains.

Rio Tinto shed 0.2 per cent while BHP Billiton fell 0.3 per cent. Fortescue Metals tumbled 1.6 per cent on the falling iron ore price.

Investors fled to gold, with the All Ordinaries Gold Index up 3.6 per cent. Gold miners such as St Barbara and Newcrest Mining added 5.4 and 3.8 per cent, respectively.

News on Tuesday that Telstra was considering taking some of its store network inhouse caused a tumble for retail partner Vita Group, which operates around 100 Telstra stores around the country. Its shares shed 21.1 per cent but Telstra didn’t fare well either, falling 0.6 per cent.

The n dollar fell to a three-week low after the Reserve Bank kept interest rates on hold but took a more cautious view on the economy, shedding nearly half a cent to US75.65??.

Stock watch: GetSwift

Shares in software company GetSwift surged 49.0 per cent to 73 cents after it joined forces with CBA to “improve delivery logistics”. GetSwift says it has an exclusive partnership with CBA to offer the bank’s retail merchants its real-time delivery platform. The deal will enable retailers who process contactless payments through CBA’s so-called “Albert” tablet to use the Android device to queue, route and dispatch deliveries. CBA will also work with GetSwift to develop new technology to improve sales and deliveries, including a payments terminal with a GPS tracker. The deal comes ahead of Amazon’s expected launch in – an event that’s widely tipped to disrupt the retail landscape in . Market Movers

Aussie drops

The n dollar fell to a three-week low after the Reserve Bank kept rates on hold at its monthly policy meeting, as expected, but took a more cautious view on the health of the job market. The Aussie fell nearly half a cent to US75.64c in late trade, pulling further away from a recent peak of US77.50c touched last month. Traders blamed dovish comments on the labour market, which they say surprised some Aussie dollar bulls. Most economists expect the RBA to remain on hold this year, but some noted that with inflation still elusive risks remain biased towards a lower cash rate.

Coking coal

Coking coal prices have soared 15 per cent to an 11-week high after former Cyclone Debbie tore through the Queensland coalfields. Spot markets for the bulk commodity rose from $US152.30 per tonne to $US175.70 per tonne overnight, as steelmakers scrambled to buy cargoes ahead of an expected shortage. Queensland produces more than 50 per cent of the world’s seaborne coking coal and the railway that carries more than 50 per cent of Queensland’s coal exports, the Goonyella line, will be out of action for about five weeks.

Trade surplus

‘s trade surplus once again rocketed higher, hitting $3.5 billion in February, its second-highest figure, from a surplus of $1.5 billion in January. Economists had expected a surplus of $1.7 billion in the month. February’s massive surplus was main due to falling imports, which slumped 5 per cent in the month, while exports rose 1.0 per cent. Economists however warned it wouldn’t last due to the looming export hit from Cyclone Debbie. The import reduction is being read as another sign of soft domestic demand.

Tech emerges

Technology stocks overthrew financials as the main driver of emerging market shares last quarter. Firms from South Korean phone makers to China’s biggest internet company helped drive a 17 per cent surge in technology shares in the MSCI Emerging Markets Index in the first quarter, the best showing in five years. That pushed up their weight to 24 per cent, surpassing financial shares in the index for the first time since 2004. The growing prominence of Chinese consumers is expected to continue to drive returns, said Societe Generale.

Adani’s giant coal mine granted unlimited water licence for 60 years

The proposed Adani coal mine, which will be ‘s biggest, has been granted unlimited access to groundwater by the Queensland government in a move farmers fear will drain huge amounts of water from the Great Artesian Basin.
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According to a copy of Adani’s water licence signed last Wednesday and obtained by Fairfax Media, the $16 billion Carmichael mine merely needs to monitor and report the amount of water it extracts under a permit that runs until 2077.

The mine – one of nine proposed for the Galilee Basin west of Rockhampton – can conduct its own review of its groundwater model without independent or government oversight.

There are also no impact levels specified that will trigger a halt to mining, and the company is able to offset any significant water loss elsewhere, the licence shows.

“It’s bloody-minded and barbaric,” said Bruce Currie, a grazier who lives in the region and has joined legal action against Galilee mines. “This is going to definitely impact on the integrity of [the Great Artesian Basin].”

According to a supplementary environmental impact statement, the mine will draw 26 million litres of water a day from its pits by 2029 as it ramps out annual production to as much as 60 million tonnes.

“In granting this licence, the Department of Natural Resources and Mines has carefully considered a broad range of information,” a spokesperson said, adding modelling shows that as much as 4.55 gigalitres of groundwater could be taken per year.

“Adani will also need to establish make-good agreements with groundwater users who could potentially be affected by changes to water availability or quality,” the spokesperson said. Some 100 conditions are in place to ensure water resources are protected.

The licence, though, would not be subject to the new Water Act Referral Panel set up to ensure “the sustainable management of water in Queensland”.

The opening of mining in the Galilee Basin is shaping up to be one of country’s big environment battles. Proponents say it will generate exports and bring jobs to a depressed part of the state, and even reduce carbon emissions if it displaces the use of dirty coal in India or elsewhere.

Opponents, though, argue the coal is largely poor quality and the basin will require huge subsidies to become viable. Burning the fuel will also release a “carbon bomb” that will contribute to harming the Great Barrier Reef, which is already being hammered by unprecedented coral bleaching blamed on global warming.

Fairfax also sought comment from Adani Mining, the local subsidiary of the Indian company. Limited scrutiny

Unlike other controversial mines, such as the New Acland coal mine planned for the Darling Downs, Adani’s water usage is not subject to public submissions and appeals, said Jo Bragg, chief executive of Queensland’s Environmental Defenders Office.

Groundwater evidence is often the most controversial feature and public scrutiny is often the most significant aspect of any review, Ms Bragg said. “It’s a matter of grave concern that there’s not that opportunity.”

It was “absolutely anomalous” that the Carmichael mine – which will dwarf New Acland’s output of about 7.5 million tonnes a year – should go through with a less vigorous process for its water licence, she said.

Carmel Flint, a campaigner for anti-mining group Lock the Gate, said the open-ended water licence for Adani amounted to a “free kick” to take water from important aquifers such as the Dunda Beds and Clematis Sandstone formations.

Water from the Great Artesian Basin “is just essential for farming communities”, Ms Flint said. “Without the water, their businesses are basically finished.”

Mr Currie, who runs about 1700 head of cattle “in a good season” over his 25,000-hectare property, said Adani was “the linchpin” to the basin’s mines.

If it proceeded, “a lot of the others will go ahead”, worsening the groundwater disruption, he said.

Dogs out at Ian Narev’s Commonwealth Bank boardroom

Ian Narev CEO of the Commonwealth Bank appeared before the House of Representatives Standing Committee on Economics Review of ‘s Four Major Banks at Parliament House in Canberra on Tuesday 4 October 2016. Photo: Andrew Meares Photo: Andrew MearesIan Narev’s Commonwealth Bank has worn a mountain of criticism over its financial planning and CommInsure scandals, but it is good to hear stories emerging of Narev’s willingness to personally meet victims even while the CommInsure storm was still raging.
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CBD was told of how Narev agreed to meet with one of the bank’s former customer services representatives, Matthew Attwater, in May last year.

For those who remember back to Fairfax Media reports at the time, Attwater was told to “ill-health retire” in 2013. But when Mr Attwater tried to claim on the CommInsure total and permanent disability insurance he held through his CBA-specialist super fund his application was refused.

Attwater took up the bank CEO’s offer of an apology in person.

And he brought a friend – Jack the chihuahua – who was carried into the bank’s boardroom in his own handbag.

It’s the first time that a dog has been allowed into the bank’s boardroom, quipped Narev, who was the perfect host CBD is told.

Jack even got to sit on Ian’s lap and did not disgrace himself, CBD is told. Foreign affairs

As NSW gaming authorities conduct a probity check on James Packer – ahead of his planned return to the Crown Resorts board – the news from overseas is not getting any better for the billionaire casino mogul.

An Israeli investigation into lavish gift giving to its Prime Minister, Benjamin Netanyahu, has been extended as the police have been unable to interview key figures including Packer, according to reports from Israel.

Reports state the graft investigation – which was meant to be completed by now – will continue for another two months as some judicial inquiries abroad still haven’t been carried out. This includes setting a date to question the globe-trotting Packer.

Packer’s local representatives declined to comment on the reports, and there is no suggestion of wrongdoing on his part.

The long-running investigation by Israeli authorities into the lavish lifestyle enjoyed by Netanyahu’s family, and the alleged benefactors like Packer who have funded the acquisition of champagne, cigars, fine clothes and jewellery.

In the case of Packer, this reportedly includes luxury holidays and hotels for the PM’s family, as well as free tickets to concerts given by his then fiancee – Mariah Carey.

Israeli state employees and elected officials are forbidden from accepting gifts, but Netanyahu has characterised the items in question as personal gifts from friends.

Packer has a home in Tel Aviv which has the Netanyahu family as a neighbour – as well as long-time Packer family friend – Hollywood mogul Arnon Milchan.

“Spending time with Arnon and Prime Minister Netanyahu has been an amazing eye-opener for me and it reinforces how lucky we all are in ,” Packer told The Daily Telegraph in 2015.

According to earlier reports, Milchan recruited Packer to help fund the gift giving after tiring of the demands from the Netanyahu family.

The reports – from what has been a heavily leaked investigation – state that Netanyahu was questioned by police investigators for a fourth time, last week.

It comes on top of Packer’s China woes with the ongoing detention of 14 of Crown’s staff. The China crisis triggered a sweeping restructure of his gambling empire and a retreat to the safer shores of . Vita low ah

Shares of Maxine Horne’s Vita Group took a tumble on Tuesday after Fairfax Media reported on a leaked internal Telstra document which revealed the telco giant is considering taking back control of some of its store network – setting up a potential clash with retail partners like Vita.

Vita replied in an ASX statement saying it has an agreement with Telstra in place until 2020. It obviously didn’t impress the markets which sent the share price crashing more than 20 per cent to a low of $2.50 before closing at $2.54.

Keep in mind that the market should not have been too surprised by this. The stock was trading at $4.73 last October when news leaked of confidential negotiations about the “remuneration construct” between Telstra and Fone Zone.

Luckily for Horne, her investment diversification strategy saw her sell $50 million of stock in September last year at $4.95 a pop.

Not that she doesn’t love love the team at Vita of course. She still owns 25 million shares and is the company’s largest shareholder. Leading the Vita Group, a company that prides itself on its ability to execute, as you would imagine I really like this one ???? pic.twitter苏州夜总会招聘/TAhqHT89jZ??? Maxine Horne (@vitachief) March 15, 2017

World first for A-League on Friday

Will it bring an end to all of football’s controversial decisions?
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It’s unlikely, as anyone who watches Test cricket where rows over the Decision Review System knows.

But it’s not often that the A-League can win plaudits for being a global leader, as it will this Friday night when it becomes the first top-tier competition in the world to trial the Video Assistant Referee System (VARS) in a league match.

The use of technology should at least alleviate some of the splenetic criticism directed at referees from fans.

And, as ‘s director of referees, Ben Williams points out, being able to take counsel from colleagues watching incidents in replay on a video screen could save match officials from “those three or four sleepless night after a game when they are going over in their mind how they might have made a howler.”

Officials from the sport’s governing body, FIFA, and soccer’s law-making body, the International Football Association Board (IFAB) will be at AAMI Park to watch Melbourne City try to resurrect their finals hopes when they play Adelaide United in this historic game.

The system has been trialled in a number of games in various competitions – the second-tier and MLS Cup matches in the United States, international friendlies last week, the Club World Cup at the end of last year – but the FFA is happy to be a groundbreaker in utilising it in a league match for competition points.

It is similar to that used in rugby, rugby league and cricket, where “eyes in the sky” (in this initial case a cramped room on the second level at AAMI Park) can review controversial or disputed decisions and have them overturned if there is an obvious error.

The FFA will use the technology in the last two games of the regular season, then throughout the finals.

If all goes well, and FIFA and the IFAB observers are happy with its implementation in (and in other leagues, which are due to introduce it sooner rather than later), VARs will be in action at all A-League fixtures next season.

So how does it work?

‘s refereeing boss, Williams, says the underlying principle behind using VARs is to “improve the game” and it can only be pressed into service to help match officials in four key areas.

1. Goal /no-goal decisions.

2. Penalty/no-penalty decisions.

3. Direct red cards (not second yellow cards).

4. Mistaken identity.

In all these situations, the VAR is used after the referee has made a decision (including allowing play to continue), or if a serious incident is not seen by match officials.

“We want minimum interference for maximum benefit. We will not be re-refereeing the game,” Williams stressed at a media briefing on Tuesday.

“Only if the decision is clearly wrong will the video referee intervene.”

Williams and the head of the A-League, Greg O’Rourke, said they were very confident that sufficient trials and practice had been conducted to ensure the system works smoothly.

There had been 26 live match trials, and tests had also been conducted at every venue, said Williams.

Nine current and former referees, the latter including Strebre Delovksi and Craig Zetter, have been instructed in the skills required to be video adjudicators.

“The referees have responded very positively … they see it as an opportunity to get out of a jam,” Williams said.

“They have the chance to see a replay and, if it’s a clear error, have that decision corrected. They know they have a safety net.

“But they will not be changing the way they referee the game. They will make a decision and referee the game as if there were no Video Assistant Referee there.”

Some fear that the technology intrusion will over-complicate matters and games could stretch beyond the 90 minutes with a few extra minutes of stoppage time each half.

Williams said that is unlikely, pointing out that in 12 trials of A-League games there had only been 24 key match decisions, with only three involving the kind of errors that would have needed to be changed.

“If there is doubt we are generally not going to get involved. We want to use it rarely.”

Still, some players, coaches and fans will want to claim all manner of issues should be reviewed.

Williams says he and his team have anticipated dealing with what he diplomatically calls “misunderstandings of the protocols” – if protagonists wanted “soft penalties” or incidents outside the four areas of review to be looked at.

The system is likely to be tried at the Confederations Cup later this year, and possibly used in next year’s World Cup.

HOLD THAT CALL

The sort of decisions which might be subject to VAR scrutiny.

1) Sydney defender Michael Zullo’s handball in the derby against Western Sydney Wanderers. Obvious error, penalty would have been awarded.

2) Nicolas Colazo’s goal for Melbourne City v Adelaide. Referee blew his whistle when he saw assistant’s flag had been wrongly raised for offside an instant before Colazo shot for goal. Had referee not blown to stop play, the incident would have been reviewed and a goal likely been given. Officials hope assistants will in future be slower to raise flag, knowing that any close call can be re-examined.

3) Diego Castro’s theatrical tumble for Perth v Adelaide last weekend. Decision would not have been changed, because there had been contact, however, slight, and it was not an obvious error.

Chinan interest rates unchanged in April after Reserve Bank decision

RBA governor Philip Lowe is expected to address the question of house prices on Monday night in an unusual televised address to an RBA board dinner in Melbourne. Photo: Henry ZwartzThe Reserve Bank of has held the cash rate steady at 1.5 per cent for the 12th consecutive month amid growing pressure for it to increase rates to contain soaring house prices.
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The futures market is pricing in no change in ratesuntil late 2018, when there will be an increase.

In the year to March 31,Sydney home prices climbed 18.9 per cent, Melbourne prices 15.9 per cent and the average of capital city prices 12.9 per cent.

In the past week, both then Prudential Regulation Authority and the n Securities and Investments Commission have announced tighter rules and increased supervisionof banks’ lending to investors in an effort to contain the growth in lending to investors to 10 per cent.

RBAgovernor Philip Lowe is expected to address the question of house prices on Monday night in an unusual televised address to an RBAboard dinner in Melbourne.

CoreLogic head of research Tim Lawless saidthe governor’s statementmade clear that the board had been stuck “between a rock and hard place”.

“They aren’t likely to push rates higher just to quell housing market exuberance; doing so could push inflation lower and the n dollar higher as well as cancel out some of the much-needed stimulus that many sectors of the economy are benefiting from,” he said.

“On the other hand, the bank would be loath to push rates lower out of concern for adding further fuel to an already overheated housing market.

“With the cash rate likely to remain on hold, at least for the remainder of the year, it’s looking increasingly like other factors will be necessary to undertake the heavy lifting required to bring about a housing market slowdown. Mortgage rates have been rising despite the steady cash rate, which will act as a disincentive to market demand.”

Ahead of the RBA announcement, the n dollar was buying US76.04¢.

Flashback Friday: University of Newcastle graduationsphotos

Flashback Friday: University of Newcastle graduations | photos University of Newcastle graduates celebratory march in downtown Newcastle. Picture Max Mason-Hubers
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University of Newcastle graduates celebratory march in downtown Newcastle.

University of Newcastle graduates celebratory march in downtown Newcastle. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture: Max Mason-Hubers

A marching band leading graduates on Merewether Street. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture: Max Mason-Hubers

University of Newcastle parade through the city of Newcastle. Image shows the parade on King street. Picture: Darren Pateman

University of Newcastle graduates celebratory march in downtown Newcastle. Picture: Max Mason-Hubers

University of Newcastle graduation parade through the city of Newcastle. Image shows the n Army Marching band leads the parade. Picture: Darren Pateman

University of Newcastle graduation parade through the city of Newcastle. Image shows the n Army Marching band leads the parade. Picture: Darren Pateman

University of Newcastle parade through the city of Newcastle. Image shows the parade on King street. Picture: Darren Pateman

University of Newcastle graduates celebratory march in downtown Newcastle. A band playing in Wheeler place sheltering from the sun under umbrellas.Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Graduates on Auckland Street. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Graduates marching City Hall on King Street.Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Graduates on King Street. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Graduates on King Street. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Graduates turning onto Auckland Street from Hunter Street. Picture: Max Mason-Hubers

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Samantha McGaughey, waving to camera. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Julia Moore. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. Picture: Jonathan Carroll

University of Newcastle graduates march from Honeysuckle to Wheeler Place. From left, Fairuz Hana Mod Ghazi, Nur Sakinah Zulkifli, Nuryl Izzati Nordin. Picture: Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. A band playing in Wheeler place sheltering from the sun under umbrellas. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Pic shows David Enderby of Boat Harbour, Sheree Enderby of Boat Harbour and Phillip Enderby of Speers Point posing for a Selfie in Wheeler Place. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Family and friends cheering graduates as the march into Wheeler Place. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. Graduates at the start of the march. Picture Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Graduates at the start of the march. Picture Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Friends and relatives cheering and photographing as graduates walking past on Hunter Street. Picture Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Max Greive and Bronwyn Greive of Mayfield outside Civic Theatre. Picture Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. An elder man in his robes taking refuge from the heat in the foyer of Civic Theatre. Picture Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Carol Stott, left, with daughter Samantha Stott, right. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. The marching band playing as graduates file into Wheeler Place. Picture Jonathan Carroll

University of Newcastle graduates celebratory march in downtown Newcastle. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Picture: Max Mason-Hubers

University of Newcastle graduates celebratory march in downtown Newcastle. Dr. Shalini Rajan and her father Rajan Thurairatnam posing for a photograph in Wheeler Place. Picture: Max Mason-Hubers

TweetFacebook University of Newcastle April graduationsPictures: Fairfax archives and InstagramAs this year’s graduates prepare for the next stage in their lives, we celebrate our past graduates.

Geoffrey Michael Strong pleads guilty to causing workmate Glenn Canning’s death at Sandgate

Truck driver caused death Geoffrey Strong.
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Scene of an accident at the Crawfords Freightlines premesis on Old Maitland Rd Sandgate where a man died after an incident where a truck and forklift collided. Picture: Max Mason-Hubers

Scene of an accident at the Crawfords Freightlines premesis on Old Maitland Rd Sandgate where a man died after an incident where a truck and forklift collided. Picture: Max Mason-Hubers

Scene of an accident at the Crawfords Freightlines premesis on Old Maitland Rd Sandgate where a man died after an incident where a truck and forklift collided. Picture: Max Mason-Hubers

Scene of an accident at the Crawfords Freightlines premesis on Old Maitland Rd Sandgate where a man died after an incident where a truck and forklift collided. Picture: Max Mason-Hubers

Scene of an accident at the Crawfords Freightlines premesis on Old Maitland Rd Sandgate where a man died after an incident where a truck and forklift collided. Picture: Max Mason-Hubers

Scene of an accident at the Crawfords Freightlines premesis on Old Maitland Rd Sandgate where a man died after an incident where a truck and forklift collided. Picture: Max Mason-Hubers

Scene of an accident at the Crawfords Freightlines premesis on Old Maitland Rd Sandgate where a man died after an incident where a truck and forklift collided. Picture: Max Mason-Hubers

TweetFacebook Scene of an accident at the Crawfords Freightlines premesis on Old Maitland Rd Sandgate where a man died after an incident where a truck and forklift collided. Picture: Max Mason-Hubers IT was a minor collision between a truck and forklift in the yard of a Sandgate transport company that should have ended with an apology and a repair bill.

Instead, the truck driver, Geoffrey Michael Strong, and his co-worker on the forklift, Glenn Alan Canning, became involved in a heated argument, before Strong reached up and punched Mr Canning four times in the head.

Mr Canning slumped forward in the seat and was pronounced dead before paramedics could get him to hospital.Strong was charged with manslaughter, but on Tuesday, on what would have been the second day of a trial in Newcastle District Court, he pleaded guilty to the alternative charge of assault causing death.

The offence falls under the state’s new “one-punch” laws, passed in 2014 after several high-profile “coward punch” cases in Sydney, and carries a maximum penalty of 20 years in jail.

Strong, who remains on conditional bail, will be sentenced in June.

Strong and Mr Canning were both working in the yard atCrawfords Freightlines on August 4, 2015, when the collision occurred about 2.40pm, according to a statement of agreed facts.

A short time later, the pair argued and traded obscenities before Strong walked around the front of his prime mover to where Mr Canning was still sitting in his forklift.

He reached up and punched Mr Canning four times in the head with his right fist.

During his interview with detectives, Strong said: “I thought he was going to hit me because of a sudden aggressive move toward me…so I grabbed him and gave him four quick punches. “There was no full-on aggression, there was no intent to cause anything like this.”

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