31 Dawson Street, Kalinga — it’s suburb has been a source of confusion. Picture: realestate.com.auGeorge Stiles has owned 31 Dawson St, Kalinga since 1992 and thought his British accent was a reason for confusion.“I started giving my address telling people I live in Kalinga, and with my accent they’d go, ‘Kallangur? That’s a long way out!’”He said people outside the area still don’t know where his suburb fits in Brisbane, but they’re learning.“Depending on your GPS it’ll be Wooloowin or Kalinga,” Mr Stiles said. Follow Kieran Clair on Twitter at @kieranclair George Stiles is selling his Kalinga home, and said there’s been confusion about where it’s located. Photo: Claudia Baxter)Pop quiz: Pull up a map of Brisbane and in 60 seconds, locate the suburbs of Petrie Terrace, Kalinga, Chuwar, Nathan, Yeerongpilly and Seven Hills.If you found four or more, pat yourself on the back.These six suburbs were among Brisbane addresses with less than 1000 homes which saw under 50 dwelling sales across a 12-month period to March 2017, according to CoreLogic.Property Pursuit Buyers’ Agents principal, Meighan Hetherington, said they’re part of “hidden Brisbane” and present challenges to real estate buyers and sellers.Ms Hetherington said buyers need to include surrounding suburbs when searching their favourite addresses online. She said agents must also be precise when describing a suburb’s location in a listing.“People aren’t going to think, ‘Oh that’s right next door to where I was looking — maybe I should look in that area?’ For a seller, that’s actually a challenge to overcome,” Ms Hetherington said.She said it was also a lesson for buyers looking for an edge over the competition.“Research a little bit more deeply into where you might get a little more value for your money, or where you might find opportunities that other buyers don’t know about,” she said.Belle Property sales consultant, Peter McDonald, is marketing 31 Dawson St, Kalinga and said even some professionals have trouble with the suburb.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours ago“The drone photographer … he was looking it up on Google maps and it was still showing as Wooloowin, and when he was doing the marketing, it mislabelled the property.”Mr McDonald said listing website already allocated the suburb to the property address, so sellers should market their boutique status as a strength.“I think it’s far better to embrace the suburb,” he said.
“Previously, quite a lot of the disclosure requirements were driven by legislative rather than accounting requirements.“As the accounting requirements have developed, the legislative requirements have become more unnecessary and outdated, so it now makes sense to align the two.”Kevin Clark, an associate partner at KPMG in the UK, added that the way was now clear for pension schemes to take a more focused approach to pension scheme investment disclosures.“It is the start of an exciting new era,” he said. “It draws a line under rule changes and sees us move into an era of more relevant and meaningful reporting for pensions schemes.”Clark chairs the Pensions Research Accountants Group working party, which identified the need to remove the now outdated disclosure regulations.He added: “It enables us to take full advantage of the principles-based disclosure regime in FRS 102 and the SORP guidance.“This encourages trustees and scheme accountants to make the most meaningful disclosures possible in scheme accounts based on investment strategy.”The removal of the disclosures follows a recent consultation by the DWP.That process was prompted by the decision of the UK’s audit regulator, the Financial Reporting Council (FRC), to embark on a major project to consolidate UK GAAP into a single accounting standard, FRS 102.This move forced the FRC to update the Statement of Recommended Practice (SORP) that governs pension fund disclosures.Although FRS 102, a modified version of the International Financial Reporting Standard for Small and Medium-sized Entities, deals with pensions accounting, the SORP provides a layer of recommended practice on top of that.Since the last update to the SORP in 2007, the UK pensions landscape has seen the introduction of auto-enrolment and a growing number of pension schemes entering the Pension Protection Fund.The FRC’s actions left the DWP’s investment disclosures largely redundant.“We very much welcome the change in legislation,” Clark said, “because it clears the decks for the new disclosures that come in under FRS 102 and the revised SORP.“We don’t have the double whammy of having to deal with the new disclosures and the historic disclosures, which were widely recognised as being no longer fit for purpose.“Most schemes are moving into their end of March reporting, and this change means any accounts signed after this date, even if they reference the 31 December year-end, can take advantage of the removal of the disclosures.”Meanwhile, the FRC has announced it wants to receive comments on FRS 102 ahead of reviewing the standard in 2018.In a statement, FRC director Melanie McLaren said: “[W]e are providing an opportunity, now, for those interested in financial reporting to give feedback as they are preparing their first financial statements complying with the new standards.“Providing feedback this year will be an important first stage in shaping the future development of the standards.” The UK Department for Work and Pensions (DWP) has published new regulations that remove the need for UK pension funds to make what many experts see as largely redundant investment disclosures.The new disclosure regime takes effect from 1 April and affects disclosures by pension funds rather than corporate scheme sponsors.Advisers who spoke to IPE welcomed the move, not least because it aligns the statutory disclosure regime with UK GAAP.Philip Briggs, a partner in RSM’s pensions group, said: “This is a positive move to reduce the red tape surrounding disclosure requirements for pension schemes.
Undergraduate Student Government President Monish Tyagi (left) discusses the upcoming event “Explore L.A.” with USG Director of Community Affairs Alex Sellers. Sellers said she expects about 500 students to attend the event this year, held at the Von KleinSmid Center Tuesday from 11 a.m. to 1 p.m., 200 more than did last year.Rachel Bracker | Daily Trojan
Source = Lufthansa Aisle to be turned into a catwalk on a flight to New YorkAisle to be turned into a catwalk on a flight to New YorkFashion and technology is the theme of the second Lufthansa FlyingLab on 8 February 2017. During the course of flight no. LH400 from Frankfurt to New York, passengers will be treated to two fashion shows and three expert talks, and they will also have the chance to test out a range of innovative wearable technologies. The target group are passengers on their way to New York Fashion Week, which starts on 9 February 2017.New York fashion designer Rubin Singer will present a selection of pieces from his women’s spring/summer collection 2017, as well as elements from his upcoming autumn/winter collection. This will be the first time a new designer collection has been shown at a height of 10,000 metres. “As a designer I’m always looking for new ways to showcase my designs,” says Rubin Singer. “I’m looking forward to glamourous, unique and simply unforgettable moments in the clouds.”For the show, the models will be turning the central aisle of the aircraft into a catwalk. And so that all the passengers have a good view of the models and can hear the presenter properly, wherever they happen to be sitting in the aircraft, Lufthansa is installing an in-flight conference system with six cameras. As the first airline worldwide to do so, Lufthansa will also be setting up live video stream on board which each guest will receive via the aircraft’s Wifi hotspot. To do this, all they need is a device capable of Wifi reception, such as a smartphone, tablet or laptop. The expert talks, each 20 minutes long, will be broadcast in the same way to every seat in the Boeing 747-8. Passengers on this nine-hour flight will also be given the chance to test out a range of fashion wearables, from bracelets through headphones to health trackers.The FlyingLab will be rounded off with a special fashion show put on by a Lufthansa crew. They will be showcasing the influence of fashion trends on flight attendants’ uniforms over the past 60 years. To fit in with this theme, the passengers will in fact be sitting in a jumbo jet that has been specially repainted in the Lufthansa livery design of the 1970s. “Our FlyingLab means that Fashion Week can get started before we even take off from Frankfurt. Our program for the event gives a clear demonstration of the way current events influence our visual appearance as well as fashion trends,” says Alexander Schlaubitz, Head of Marketing at Lufthansa German Airlines.The FlyingLab is an open innovation platform for the Lufthansa Airlines. “Passengers use the time during the flight more effectively with a FlyingLab and get into the right mood and frame of mind for when they arrive at their destination,” says Schlaubitz. Themes for the FlyingLabs are taken from current areas of technology, health and sustainability. The premiere for the FlyingLab was the theme “Virtual Reality” held on 1 July 2016 on a flight to Silicon Valley. A FlyingLab comprises two parts – on the one hand, talks or presentations and, on the other, product testing. Taking part doesn’t cost anything – passengers need only buy a ticket for the flight in question, and it doesn’t matter which booking class they are in. “A FlyingLab actively integrates the passengers into the current innovation considerations of the Lufthansa Group,” says Dr. Torsten Wingenter, Head of Digital Innovations. “Together with our partners, we are testing innovations on board and are thus gaining knowledge for further development”. Future plans also involve offering the FlyingLab platform and broadcasting technology to other companies for their innovation efforts, so that their guests can also prepare for an event with presentations and individual content on their journey.Digitalization plays an important role in all of the FlyingLabs. “In some industries it is taking effect more quickly and more manifestly than in others. In the world of fashion, it is not quite so apparent, yet fashion wearables make these developments tangible,” says Dr. Wingenter. Dr. Amanda J. Parkes, Chief of Technology and Research at Inkubator Manufacture NY will be speaking on board about advances in technology in the fashion industry. Heiko Hebig, responsible for Strategic Partnerships Northern Europe at Instagram, will highlight the significance of the fashion industry for their photo platform. Digital expert Maks Gioardano from the consultancy firm Kreait, takes a look ahead at coming developments in wearable technologies.The upper deck on flight LH400 will be used as a changing room and backstage area for the fashion shows. During the flight, passengers will be given the chance to get their hair done professionally by a Redken stylist so that they are perfectly prepared for their arrival in the fashion metropolis. Selected guests will enjoy an exclusive presentation of watches on 9 February in the Breitling flagship store on Madison Avenue.