Tax, Super + You Competition for students in Years 7 – 10
from the Australian Taxation Office

For secondary school students in Years 7 – 10. Students are to create an innovative way to generate buzz about tax and super.

They are invited to think outside the box and pitch their ideas on how they would tell their friends about the value of tax and super in the community.

They will not only get an insight into the value of tax and super, but they could also have the chance to win a share of $4,000 in prizes! Their creative idea could even be used in a national campaign.

Entries close on Friday 3 November 2017.

Suggested topics include:

  • Taxes collected are used to help your local sports grounds, parks and recreation centres.
  • Taxes are used to help the community meet the cost of healthcare.
  • The more super you save now will allow you to live comfortably in retirement later.
  • You can choose how actively you would like to be involved in your super account:
    • You can use a super fund or set up a self-managed super fund.
    • You can pay more into you super, access government contributions and other benefits.

More information at: https://www.taxsuperandyou.gov.au/competition-about


The Reserve Bank of Australia

The Reserve Bank of Australia offers a school incursion program whereby staff visit schools to address topics such as the Roles and Functions of the Bank and Monetary Policy and the Australian Economy. While these are mainly in metropolitan areas the bank would encourage regional schools to register their interest. Go to www.rba.gov.au/education/educational-talks/school-incursions.html


Reserve Bank’s Teacher Immersion Series

The Reserve Bank will host the first event in its new Teacher Immersion series. The event is an opportunity for secondary school economics teachers to learn directly from experts about the Reserve Bank’s roles and functions, receive an economic update and be taken through topics that teachers have most commonly asked questions about. Teachers will also be exposed to current Bank research that is aligned to curricula.

Where:
Reserve Bank of Australia
65 Martin Place, Sydney

When:
Wednesday, 21 June
8.30 am – 5.00 pm

Cost:
The event is free of charge

Further details about the event, including the program and how to register, are available on the Reserve Bank’s website.

There are a strictly limited number of seats available so we recommend that members register as soon as possible.


 Agriculture in Education Program

Please find the link about resources that may be of interest to you.

In particular:

  • Years 7-8 – Growing Exotic Fruit – A Niche Farming Enterprise – video (5 minutes) + Teacher notes and Student activities
  • Year 9-10 – From Citrus to Almonds – video (5 minutes) + Teacher notes and Student activities

>> For more information click here


CPA Australia Plan Your Own Enterprise Competition 2017

For details and tips on this year’s Competition refer to following links –

https://www.cpaaustralia.com.au/enterprise

https://www.cpaaustralia.com.au/professional-resources/education/what-we-do-for-students/


Congratulations to the winners of CPA Australia Plan Your Own Enterprise Competition 2016.

Congratulations to all the state and territory winners of the CPA Australia Plan Your Own Enterprise Competition 2016.

This year’s National Winners

Division 1

Name:        Sarah Matthias
School:       Loreto Normanhurst, NSW
Plan:            Waffles on Wheels

Sarah Matthias
Sarah Matthias receiving her award from
CPA Australia’s Jesse Moors

Division 2

Names:      James He and Anthony Vanderkop
School:       The Hutchins School, TAS
Plan:            Swavoury Crepes

Highly Commended

Names:      Hao Ding/Qiyuan Jia

Schools:     Nossal High School/Glen Waverley Secondary College, VIC

Plan:            OranG

Following is a list of all state/territory Division 1 and Division 2 finalists –

Division 1 Finalists

Kristen Zeller, The Canberra College, ACT

Sarah Matthias, Loreto Normanhurst, NSW

Alan Shyju, Darwin High School, NT

Ray Feng, Queensland Academy for Health Sciences, QLD

Jasmine Willson, Woodcroft College, SA

Toby Burnell, The Hutchins School, TAS

Sara The, Presbyterian Ladies’ College, VIC

Rupert Kang, Wesley College, WA

Division 2 Finalists

James He and Anthony Vanderkop, The Hutchins School, TAS
Hao Ding, Nossal High School, and Qiyuan Jia, Glen Waverley Secondary College, VIC

Cormac McCarthy and Jack Apel, Toowoomba Grammar School, QLD

Lucinda Penn and Ruby Butcher, Seymour College, SA

Shelby Greenslade and Matthew Jankowski, St Marks Anglican Community School, WA

Ashna Kapoor, Anna Michael and Ashley Oliver-Sjahry, MLC School, NSW

Business Educators Australasia is very grateful for the significant support provided to this Competition by CPA Australia.

Details of the 2017 Competition will be available in March 2017.


Indigenous Accountants Australia

Australian accounting bodies know better than most the benefits of pursuing a career in accounting. But for Indigenous students, the benefits are even more significant — both for themselves, and their community.

Considering accounting?
Find out how you can take the first step on a career path that can take you wherever you want to go.

Employing accountants or teaching business students?
We would love to talk to you about how you could be involved and help build a brighter future. So why not get in touch.

>> Download flyer
>> Further details


Australian Curriculum review

BEA and their affiliate associations are considering the report and responses from Curriculum Authorities. As additional material is available it will be placed on the BEA website.

>> Read the report


National Consumer and Financial Literacy Framework

The new National Consumer and Financial Literacy Framework was approved by  the Australian Education, Early Childhood Development and Youth Affairs Senior Officials Committee (AEEYSOC). This document is a revised version of the National Consumer and Financial Literacy Framework (the Framework) originally developed in 2005. It articulates a rationale for consumer and financial education in Australian schools; describes essential consumer and financial capabilities that will support lifelong learning; and provides guidance on how consumer and financial education may be structured to support a progression of learning from Foundation Year 10. Companion resources to this Framework, being developed by the Australian Securities and Investments Commission (ASIC), provide further guidance about integrating consumer and financial education into specific learning areas of the Australian Curriculum. These companion resources are available at: http://www.financialliteracy.gov.au/.

The importance of economic literacy

With a sound knowledge of economic concepts [students] can better understand and evaluate the nature and impact of policies at all levels of government. [They] can explain the multiplier effect of increased government spending, and how it raises Australia’s level of income, output and employment.

Economics students know

  • that the national debt does not necessarily impose a burden on future generations of Australians
  •  that an economy is not run like a household the reasoning at the time of the Great Depression
  • about the role of the Reserve Bank in determining monetary policy, the concept of overnight cash rates and the policy implications of rising interest rates
  • how banks can actually create credit and money through their lending policies.

>> Read more