Wednesday, October 29, 2008

Australian education,Government contracts,superanuation,transport,Australia Post

I would like to talk to you today about Australia superanuation,transport,Australia Post,Government contracts .
The many companies that make up the employment network and associated indsutries,education the need for revision of funding and reallocation of resources and a change in management style, the transport industry a brief history and expansion ideas for Australia Post..

1) SUPERANUATION
This was introduced to bring in forced savings for the people of Australia and has been raised as a percentage of income over time. I believe this to be basically a good thing but flawed in other ways and needs attention.
If this is forced savings then why in the financial crisis of early 2000 did alot of policy holders loose alot of money on paper on their polcies. Secondly this money is not being used by the government at all to build infrastructure, better hopitals roads ,schools etc.
I think we need to ask policy holders and the superanuation what they think when they loose policy holders money and what they think about fixing it.
I believe companies who loose money should not pass it on to the policy holders same as savings in a bank it was the government that introduced so you have a responsibility to the people to look after there interests.
I think the super should be dropped from a mandatory 9% to 5% for a persiod of time to help companies cope with the current financial crisis unless they are willing want to reatain the 9%. 1% percent of the super should go into government bonds and given a market interet rate this would then be used for infrastructure funding such as new schools, roads, hospitals, and funding in buying into government business where there is a need for development, and for the drought affected regions. Superanuation providers should providea statement from the financial investors as to there financial viablity and projected loss to there policy holders. If ING has lost money then I believe AMP will not be to far behind them.
The financial lenders should have if it drummed into this super is for our future people and country and should be invested into Australia not overseas for short term gain loss on the stock market.
Education
I think that funding to private schools should be reduced as they have grown big over the last 10 Years and have got every concievable thing for the students.
There has been a huge growth in private schools over the last 20 years because of a belief and lack of trust in the ability of public schools to deliver good qaulity education.
Examples of good private schools thats have prospered are IGS(International Grammar school in Ultimo Sydney, and ST Catherines Girls school Clovelly Sydney.
Funding should be reduced by 25% or more for private schools except for preschool education where all preschools in NSW are predominately private and fundi ng increased to them if they reduce costs to the parents. Preschools is a very expensive and costly expense for parents and believe more assistance and the growth of public preschools should be looked at.

Government contracts
Job Network and associated industries that are contracted by the Government
I have seen the previous government make a big mistake in closing down Employment National which provided quality employement in the Job Network and Intensive assistance. Pressure was brought to bear by industry to close it down asnthey saw it as a threat and to competitve. They goverment forced EN to restructure due to taking away the Intensive assistance program>
I believe hte governemtn decision at the time to be flawed as why close a company rather than build it up and sell it when it is profitable.
I believe the flawed approach by goverment in handing out contracts to companies or taking them away. The contract is for 3 years and is based on a star rating system, god only knows what criteria they use to get these ratings.
What happens is when a company looses or wins a contract it causes problems for the employee and the people that they provide a service to. The employee shifts to the new company that has got the contract files are lost of the client, income is lost and the industry is in panic for a period of time in orgainisng the proposal for the next tender and spend a substantial amount of manpower and money in doing so.
I believe this industry should be looked at and the need for some mesaures and management skills developed to build this industry as it is a contracted government dept although private business.

Transport industry and Australia Post
A little history about 10 years ago TNT was the biggest transport company in Australia. Today it is nothing like what it was, how did this happen and who caused it go off shore and owned by Dutch Post.
TNT Ltd had David Mortimer as its chairman and they owned 51% in TNT Express World Wide and the rest owned by 5 Eurpean post offices Deutsch Post, Dutch Post and a few others I can't remember.
What happened Dutch Post got into bed with David and manouvered and managed that TNT Ltd was bought by Dutch Post. This in effect sold out a great Australian company with a lot of experienced managers and loyal workers. Subsequently Dutch Post restructered lost or retrenched alot of staff and alot key personnel left TNT is only a shadow of its former self and I believe is still losing money,because it lost key peronnel that have gone to companies like Toll Holdings, guess who is the leader in trasnsport today with fingres in many pies from avaition to stevedoring.
Alot of post offices around the world are very worried because of the internet and email and the loss of business and decline in traditaional revenvue that is why the 5 post offices bought into TNT Expressworldwide.What happened afterward the CEO of TNT Expressworldwide left and started his own private mail company and private contracted his services to Deutch Post. His name was James McCormack a visionary and very intellgient person. He layed a plan with DEutch Post for the buying of DHL, and the buying out of US company AEI(Air EXpress International.
So what have we got today DHL/AEI owned by DEutsch Post
TNT owned by Dutch Post
Australia Post owns a doemstic transport company called Sky Track and has a shareholding in some joint ventures with Qantas.

I believe Australia Post which posted a profit of $504millions should look at expansion worlwide and buy a courier company to further expand its courier and parcel base. People should be very careful of David Mortimer and replace him if this was at all possible because he has shown he doesn't care about Australian business and is not ethical and loyal to his employees.
There should be somone who knows the tranpsort industry well to write a private paper on its viablility and possible acquistions for Australia Post.

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