The next Enmore Theatre is not where you expect
The venue narrowly dodged death by demolition a decade ago when Century Management, the owners of the Enmore Theatre and other venues across Sydney, purchased the building with a $12 million plan to restore it.
Now a $1 million heritage grant from the NSW government announced on Tuesday will bring the project to transform the old theatre into the equivalent of the Enmore in Newy, as the old industrial town is affectionately known, a little closer.
It is one of two Newcastle projects that have received a $1 million 'activating state heritage' grant to revitalise the city's centre and attract visitors, the largest grants made under the NSW program.
The second $1 million grant, to the Schwartz Family Company, will turn the old GPO by Walter Liberty Vernon into Australia's first Aboriginal medical museum and a community hub.
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The projects were among 140 grant recipients awarded a total of $8.65 million in the 2025-2027 round, announced by the NSW Minister for Heritage Penny Sharpe to celebrate, preserve and revive historical projects and sites across the state. These range from changes to preserve culturally sensitive parts of Birubi Point Aboriginal Place to the conservation of the Bushranger Hotel in Goulburn.
Up 44 per cent on the 2023-2025 round of grants, the increase coincides with consultation on the government's draft heritage strategy, open for feedback until July 13. It has heard maintaining heritage is a 'black hole' of time, money and bureaucratic battles.
Sharpe said the record investment highlighted the government's commitment. 'Our many and diverse heritage places tell the stories of NSW. These heritage sites will also be a drawcard for visitors and beacons for local communities into the future.'
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The Advertiser
13 hours ago
- The Advertiser
Is your superannuation balance higher than your postcode average?
Four Hunter postcodes have a median superannuation of more than $100,000, and a surprising area has topped the list, according to recent Australian Tax Office data. The 2282 postcode topped the Hunter list with a median of $117,397, which encompasses Eleebana, Lakelands, and Warners Bay. The superannuation data is for the 2022-23 financial year, which the ATO recently released as part of its taxation statistics. The 2291 postcode of Merewether, Merewether Heights and The Junction was the second highest with $109,785, followed by 2305, which includes Kotara East, New Lambton, and New Lambton Heights, at $104,886. Wangi Wangi rounded out the top four at $103,837. Despite ranking at 23rd for median, the 2300 postcode for Newcastle, Newcastle East, Cooks Hill, Bar Beach, and The Hill topped the list for average superannuation at $317,597. University of Newcastle Associate Professor of finance Mia Pham said this was an example of income inequality. "The 2300 covers inner-city Newcastle, and we can see that this area has a diverse mix of professionals, and we also have students, renters, and retirees," she said. "So the fact that it ranks high in average superannuation, but low in median tells us there's a wide gap between the top and the bottom. "It could be that a few individuals have very large super balances. For example, older professionals or those people that have a high income and it can skew the average upward." The 2291 postcode was second-highest for average at $310,451, while Salamander Bay and Soldiers Point's postcode of 2317 was third highest at $248,851. Low-socioeconomic areas like Windale were on the other end of the scale. The 2306 postcode had a median superannuation of $17,467 and an average of $51,658. Associate Professor Pham said factors such as average income, employment and age played a role in an area's superannuation spread. "Many residents may work in casual or part-time roles, which don't always come with consistent super contribution," she said. "Areas with a younger population have less time to accumulate the super." The 2308 postcode, made up entirely of the University of Newcastle campus, had a median super of $1220 and an average of $12,160. Aboriginal and Torres Strait Islander residents also face systemic barriers to wealth building, Associate Professor Pham said. "Another thing is the culture and social factor, because some people, let's say, the migrant population, they may have a lower balance because they just recently joined the workforce," she said. The option to access superannuation during the pandemic was also more commonly used by people who were on lower incomes or in financial distress, creating a further divide, Associate Professor Pham said. She said the impact of withdrawing super early may be larger than people expect. "So let's say if a person withdraws about $20,000 at the age of 30, and if that money had stayed and earned a 7 per cent annual return, it could have rolled to over $150,000 by the age of 60, and by the age of 67, it's going to be more than $200,000," she said. "So you can see that's a huge shortfall and it's entirely due to missing out on decades of compounding. "I think early withdrawal was something people had to do, but it's going to be a really high price that they have to pay later in life and especially for those who already face the financial disadvantages." The Association of Super Funds Australia recommends couples need $690,000 to comfortably retire on, while single people need $595,000. That number assumes the person owns their home and receives some support from the age pension. Associate Professor Pham said it also varied depending on different factors. For example, people in regional areas may need less than those in capital cities. The estimate has increased from $500,000 for a single and about $580,000 for a couple 10 years ago. Associate Professor Pham believed there should be more financial literacy to educate people about superannuation and address economic inequality. "Many people do not understand how superannuation works," she said. "They may not understand about the tax benefit of voluntary contributions or the compounding power of the investment. "Sometimes they just consider super as set and forget. Studies show that many people don't know that the super fund they belong to performed very poorly, and they never change the fund." The federal government has recently introduced initiatives to help bridge the gap, such as a tax on high-value accounts and a superannuation guarantee on parental leave. Associate Professor Pham said those initiatives would make a difference, but that she would also like to see more regulation that encouraged employees to make voluntary contributions, particularly those on lower incomes. Four Hunter postcodes have a median superannuation of more than $100,000, and a surprising area has topped the list, according to recent Australian Tax Office data. The 2282 postcode topped the Hunter list with a median of $117,397, which encompasses Eleebana, Lakelands, and Warners Bay. The superannuation data is for the 2022-23 financial year, which the ATO recently released as part of its taxation statistics. The 2291 postcode of Merewether, Merewether Heights and The Junction was the second highest with $109,785, followed by 2305, which includes Kotara East, New Lambton, and New Lambton Heights, at $104,886. Wangi Wangi rounded out the top four at $103,837. Despite ranking at 23rd for median, the 2300 postcode for Newcastle, Newcastle East, Cooks Hill, Bar Beach, and The Hill topped the list for average superannuation at $317,597. University of Newcastle Associate Professor of finance Mia Pham said this was an example of income inequality. "The 2300 covers inner-city Newcastle, and we can see that this area has a diverse mix of professionals, and we also have students, renters, and retirees," she said. "So the fact that it ranks high in average superannuation, but low in median tells us there's a wide gap between the top and the bottom. "It could be that a few individuals have very large super balances. For example, older professionals or those people that have a high income and it can skew the average upward." The 2291 postcode was second-highest for average at $310,451, while Salamander Bay and Soldiers Point's postcode of 2317 was third highest at $248,851. Low-socioeconomic areas like Windale were on the other end of the scale. The 2306 postcode had a median superannuation of $17,467 and an average of $51,658. Associate Professor Pham said factors such as average income, employment and age played a role in an area's superannuation spread. "Many residents may work in casual or part-time roles, which don't always come with consistent super contribution," she said. "Areas with a younger population have less time to accumulate the super." The 2308 postcode, made up entirely of the University of Newcastle campus, had a median super of $1220 and an average of $12,160. Aboriginal and Torres Strait Islander residents also face systemic barriers to wealth building, Associate Professor Pham said. "Another thing is the culture and social factor, because some people, let's say, the migrant population, they may have a lower balance because they just recently joined the workforce," she said. The option to access superannuation during the pandemic was also more commonly used by people who were on lower incomes or in financial distress, creating a further divide, Associate Professor Pham said. She said the impact of withdrawing super early may be larger than people expect. "So let's say if a person withdraws about $20,000 at the age of 30, and if that money had stayed and earned a 7 per cent annual return, it could have rolled to over $150,000 by the age of 60, and by the age of 67, it's going to be more than $200,000," she said. "So you can see that's a huge shortfall and it's entirely due to missing out on decades of compounding. "I think early withdrawal was something people had to do, but it's going to be a really high price that they have to pay later in life and especially for those who already face the financial disadvantages." The Association of Super Funds Australia recommends couples need $690,000 to comfortably retire on, while single people need $595,000. That number assumes the person owns their home and receives some support from the age pension. Associate Professor Pham said it also varied depending on different factors. For example, people in regional areas may need less than those in capital cities. The estimate has increased from $500,000 for a single and about $580,000 for a couple 10 years ago. Associate Professor Pham believed there should be more financial literacy to educate people about superannuation and address economic inequality. "Many people do not understand how superannuation works," she said. "They may not understand about the tax benefit of voluntary contributions or the compounding power of the investment. "Sometimes they just consider super as set and forget. Studies show that many people don't know that the super fund they belong to performed very poorly, and they never change the fund." The federal government has recently introduced initiatives to help bridge the gap, such as a tax on high-value accounts and a superannuation guarantee on parental leave. Associate Professor Pham said those initiatives would make a difference, but that she would also like to see more regulation that encouraged employees to make voluntary contributions, particularly those on lower incomes. Four Hunter postcodes have a median superannuation of more than $100,000, and a surprising area has topped the list, according to recent Australian Tax Office data. The 2282 postcode topped the Hunter list with a median of $117,397, which encompasses Eleebana, Lakelands, and Warners Bay. The superannuation data is for the 2022-23 financial year, which the ATO recently released as part of its taxation statistics. The 2291 postcode of Merewether, Merewether Heights and The Junction was the second highest with $109,785, followed by 2305, which includes Kotara East, New Lambton, and New Lambton Heights, at $104,886. Wangi Wangi rounded out the top four at $103,837. Despite ranking at 23rd for median, the 2300 postcode for Newcastle, Newcastle East, Cooks Hill, Bar Beach, and The Hill topped the list for average superannuation at $317,597. University of Newcastle Associate Professor of finance Mia Pham said this was an example of income inequality. "The 2300 covers inner-city Newcastle, and we can see that this area has a diverse mix of professionals, and we also have students, renters, and retirees," she said. "So the fact that it ranks high in average superannuation, but low in median tells us there's a wide gap between the top and the bottom. "It could be that a few individuals have very large super balances. For example, older professionals or those people that have a high income and it can skew the average upward." The 2291 postcode was second-highest for average at $310,451, while Salamander Bay and Soldiers Point's postcode of 2317 was third highest at $248,851. Low-socioeconomic areas like Windale were on the other end of the scale. The 2306 postcode had a median superannuation of $17,467 and an average of $51,658. Associate Professor Pham said factors such as average income, employment and age played a role in an area's superannuation spread. "Many residents may work in casual or part-time roles, which don't always come with consistent super contribution," she said. "Areas with a younger population have less time to accumulate the super." The 2308 postcode, made up entirely of the University of Newcastle campus, had a median super of $1220 and an average of $12,160. Aboriginal and Torres Strait Islander residents also face systemic barriers to wealth building, Associate Professor Pham said. "Another thing is the culture and social factor, because some people, let's say, the migrant population, they may have a lower balance because they just recently joined the workforce," she said. The option to access superannuation during the pandemic was also more commonly used by people who were on lower incomes or in financial distress, creating a further divide, Associate Professor Pham said. She said the impact of withdrawing super early may be larger than people expect. "So let's say if a person withdraws about $20,000 at the age of 30, and if that money had stayed and earned a 7 per cent annual return, it could have rolled to over $150,000 by the age of 60, and by the age of 67, it's going to be more than $200,000," she said. "So you can see that's a huge shortfall and it's entirely due to missing out on decades of compounding. "I think early withdrawal was something people had to do, but it's going to be a really high price that they have to pay later in life and especially for those who already face the financial disadvantages." The Association of Super Funds Australia recommends couples need $690,000 to comfortably retire on, while single people need $595,000. That number assumes the person owns their home and receives some support from the age pension. Associate Professor Pham said it also varied depending on different factors. For example, people in regional areas may need less than those in capital cities. The estimate has increased from $500,000 for a single and about $580,000 for a couple 10 years ago. Associate Professor Pham believed there should be more financial literacy to educate people about superannuation and address economic inequality. "Many people do not understand how superannuation works," she said. "They may not understand about the tax benefit of voluntary contributions or the compounding power of the investment. "Sometimes they just consider super as set and forget. Studies show that many people don't know that the super fund they belong to performed very poorly, and they never change the fund." The federal government has recently introduced initiatives to help bridge the gap, such as a tax on high-value accounts and a superannuation guarantee on parental leave. Associate Professor Pham said those initiatives would make a difference, but that she would also like to see more regulation that encouraged employees to make voluntary contributions, particularly those on lower incomes. Four Hunter postcodes have a median superannuation of more than $100,000, and a surprising area has topped the list, according to recent Australian Tax Office data. The 2282 postcode topped the Hunter list with a median of $117,397, which encompasses Eleebana, Lakelands, and Warners Bay. The superannuation data is for the 2022-23 financial year, which the ATO recently released as part of its taxation statistics. The 2291 postcode of Merewether, Merewether Heights and The Junction was the second highest with $109,785, followed by 2305, which includes Kotara East, New Lambton, and New Lambton Heights, at $104,886. Wangi Wangi rounded out the top four at $103,837. Despite ranking at 23rd for median, the 2300 postcode for Newcastle, Newcastle East, Cooks Hill, Bar Beach, and The Hill topped the list for average superannuation at $317,597. University of Newcastle Associate Professor of finance Mia Pham said this was an example of income inequality. "The 2300 covers inner-city Newcastle, and we can see that this area has a diverse mix of professionals, and we also have students, renters, and retirees," she said. "So the fact that it ranks high in average superannuation, but low in median tells us there's a wide gap between the top and the bottom. "It could be that a few individuals have very large super balances. For example, older professionals or those people that have a high income and it can skew the average upward." The 2291 postcode was second-highest for average at $310,451, while Salamander Bay and Soldiers Point's postcode of 2317 was third highest at $248,851. Low-socioeconomic areas like Windale were on the other end of the scale. The 2306 postcode had a median superannuation of $17,467 and an average of $51,658. Associate Professor Pham said factors such as average income, employment and age played a role in an area's superannuation spread. "Many residents may work in casual or part-time roles, which don't always come with consistent super contribution," she said. "Areas with a younger population have less time to accumulate the super." The 2308 postcode, made up entirely of the University of Newcastle campus, had a median super of $1220 and an average of $12,160. Aboriginal and Torres Strait Islander residents also face systemic barriers to wealth building, Associate Professor Pham said. "Another thing is the culture and social factor, because some people, let's say, the migrant population, they may have a lower balance because they just recently joined the workforce," she said. The option to access superannuation during the pandemic was also more commonly used by people who were on lower incomes or in financial distress, creating a further divide, Associate Professor Pham said. She said the impact of withdrawing super early may be larger than people expect. "So let's say if a person withdraws about $20,000 at the age of 30, and if that money had stayed and earned a 7 per cent annual return, it could have rolled to over $150,000 by the age of 60, and by the age of 67, it's going to be more than $200,000," she said. "So you can see that's a huge shortfall and it's entirely due to missing out on decades of compounding. "I think early withdrawal was something people had to do, but it's going to be a really high price that they have to pay later in life and especially for those who already face the financial disadvantages." The Association of Super Funds Australia recommends couples need $690,000 to comfortably retire on, while single people need $595,000. That number assumes the person owns their home and receives some support from the age pension. Associate Professor Pham said it also varied depending on different factors. For example, people in regional areas may need less than those in capital cities. The estimate has increased from $500,000 for a single and about $580,000 for a couple 10 years ago. Associate Professor Pham believed there should be more financial literacy to educate people about superannuation and address economic inequality. "Many people do not understand how superannuation works," she said. "They may not understand about the tax benefit of voluntary contributions or the compounding power of the investment. "Sometimes they just consider super as set and forget. Studies show that many people don't know that the super fund they belong to performed very poorly, and they never change the fund." The federal government has recently introduced initiatives to help bridge the gap, such as a tax on high-value accounts and a superannuation guarantee on parental leave. Associate Professor Pham said those initiatives would make a difference, but that she would also like to see more regulation that encouraged employees to make voluntary contributions, particularly those on lower incomes.
Sky News AU
a day ago
- Sky News AU
At least $382 million put towards Victoria's Indigenous treaty
At least $382 million has been put towards negotiating an Indigenous treaty in Victoria since 2016. A Treaty Authority overseeing the negotiations has been set up using some of the funding. The Herald Sun revealed in 2023 its members were earning salaries of up to $380,000. Some of the funds have also been put towards preparing Aboriginal groups for negotiations, events and meetings to discuss the process of the negotiations. Legislation on a statewide treaty is expected to be introduced this year.
Perth Now
4 days ago
- Perth Now
Aboriginal women's service tackling financial abuse
A longstanding inner-city support hub for Aboriginal women will get a big cash injection to protect them from financial abuse. The Mudgin-gal centre in Sydney's Redfern has operated for more than three decades, providing a safe space with programs and facilities for women, mothers and families experiencing domestic violence or homelessness. Sometimes the centre simply serves as a place to drop in for a yarn, and its chief executive Ashlee Donohue says provides a sanctuary for women no matter who they are or what they have experienced. Mudgin-gal's important work is expanding with a grant of up to $200,000 and mentoring from the Commonwealth Bank to tackle financial abuse in the community. The support will allow for culturally safe programs like their trauma-informed sacred circle initiative, which focuses on healing while building financial literacy so women can gain an understanding and independence around money. "This is a big deal for us," Ms Donohue told AAP. "The fact that there's mentoring with it, we're not just guessing, we're getting proper information from the bank, and that's remarkable." The grant is part of the bank's Next Chapter Innovation program, which invests in First Nations-led initiatives to provide culturally informed, practical responses to financial abuse. Other program grant recipients include the Queensland-based Mookai Rosie-Bi-Bayan, which provides healthcare and accommodation to women and children in Cape York, the Northern Peninsula Area and Torres Strait. The Next Chapter Innovation program was established to help "break the cycle" of financial abuse, Commonwealth Bank's Indigenous business products executive manager Mitchell Heritage said. "We are proud to back community-led organisations that are delivering real change on the ground," he said. Financial abuse can look different in Indigenous communities with family pressure and exploitation of cultural obligations sometimes used to control finances, Ms Donohue said. Many women who are in a financially abusive situation may not be able to recognise it as such she said, which is why it is important to build financial literacy. "There's a need for our women to understand finances better," Ms Donohue said. "In reality we've always been behind the eight ball with money in this country - our ancestors worked for no wages - so this skilling up and sharing knowledge in this space hasn't really been done before and that in itself is innovation." 13YARN 13 92 76 Lifeline 13 11 14 1800 RESPECT (1800 737 732) Men's Referral Service 1300 766 491
