Economy

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The federal government has granted Victoria Premier James Merlino a chance to pitch his ‘JobKeeper style’ aid, but it has refused to acknowledge that Victoria’s predicament could be linked to federal vaccination failures.

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During a press conference on Wednesday, the Victorian government publicly asked for federal support as the state undergoes its fourth lockdown, urging the government to support small businesses and working families. 

According to the Australian Retailers Association, $2 billion will be lost in retail trade alone due to these lockdowns, with Victoria asking for the Commonwealth to help offset some of these losses.

“I do hope that the Commonwealth will swiftly confirm that they will step up and provide that support,” Mr Merlino told reporters on Wednesday.

“If they do not, I will be raising this directly at national cabinet on Friday.”

The Victorian government has pledged a further $209 million towards supporting businesses through the state’s latest COVID wave, after it announced $250 million in support on Sunday.

Frydenberg takes Pallas’ call 

Overnight talks progressed with federal Treasurer and Victorian Treasurer Tim Pallas meeting to discuss further support for Victoria, with Mr Frydenberg repeating the previous days’ statements.

“So, we’ll stick to the principles that have guided us to date with our economic support packages, namely that it will be temporary, that it will be targeted, that they will be measured and that they’ll be using existing systems. And we’ll have more to say about that in due course,” Mr Frydenberg told the ABC. 

He also alluded to it being unfair for Victoria to receive additional support compared with the other states even though Brisbane’s lockdown was only three days, compared with Melbourne’s current position of a two-week lockdown, at a minimum. 

“Other states went through short-term lockdowns – namely Queensland and Western Australia. They didn’t ask for extra support. They didn’t receive extra federal support, and that was after the end of JobKeeper.”

“But now that the lockdown has been extended, then we obviously are considering the implications of that, and we do understand the need that Victorian families and businesses have right now,” Mr Frydenberg continued on the ABC. 

First lockdown since JobKeeper end

The Melbourne shutdown is the first extended lockdown without the federal government’s JobKeeper wage subsidy, which ended in March.

Mr Merlino said the ball was now firmly in the federal government’s court. The acting Premier also alluded on several occasions that the federal government was to blame for the vaccine rollout failure. 

However, toeing the party line, Mr Frydenberg failed to admit his government’s slow vaccine rollout – which as of the end of May has seen just 2 per cent of Aussies vaccinated from the virus – as a reason for Victoria’s current outbreak. 

“If you take the period since the end of that first national lockdown … Victorians have been subject to 140 days of lockdowns – if you take stage three and stage four – whereas the average across the other states is just six days,” said Mr Frydenberg said.

“That is an incredible contrast … as a Victorian, it has been devastating for our state.”

War of words

Shadow treasurer Jim Chalmers was quick to remind the federal government who was responsible for the failed vaccine rollouts and a national quarantine scheme. 

“Why has this Treasurer refused to provide any additional support to small business and workers hardest hit by these failures.

“What kind of Victorian abandons Victorians in their hour of need?” Mr Chalmers asked in Question Time.

But Mr Frydenberg hit back, insisting Victoria has received more support from the government compared with any other state.

“The Morrison government has provided more than $45 billion already to families and businesses across Victoria,” a frustrated Treasurer said. 

“Now the state Treasurer of Victoria has confirmed that the state government has delivered $13 billion, so that is less than one-third than what the federal level has delivered.

“The people of Victoria have received a per capita basis more from the Morrison government over the course of COVID than any other state or territory.

“More than any other state or territory. And we have provided more than $28 billion of JobKeeper payments to the people of Victoria,” Mr Frydenberg concluded. 

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The federal government has granted Victoria Premier James Merlino a chance to pitch his ‘JobKeeper style’ aid, but it has refused to acknowledge that Victoria’s predicament could be linked to federal vaccination failures.

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As most economists predicted, Australia’s economy is back to pre-pandemic levels, the latest official figures show.

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Most economists were simply waiting for the stats to be calculated, but the release of Australia’s gross domestic product (GDP) shows Australia is back to where it was pre-pandemic.

The Australian Bureau of Statistics (ABS) showed GDP for the March quarter grew by 1.8 per cent.

While the improving result means Australia is back to pre-pandemic levels, it was less than the 2 per cent expected from most economists.

“With 1.8 per cent growth in the March quarter 2021, Australian economic activity has recovered to be above pre-pandemic levels and has grown 1.1 per cent through the year,” ABS head of national accounts Michael Smedes said.

Private investment contributed 0.9 percentage points to the growth, with machinery and equipment investment recording its strongest quarterly rise since 2009.

Dwelling investment rose 6.4 per cent and was supported by government schemes such as HomeBuilder grants.

Mr Smedes also noted the role government support packages played, with tax concession for workers and businesses helping to boost the economy.

“The rise in machinery and equipment investment was widespread and observed in both mining and non-mining industries,” he said.

However, the driving force behind Australia’s current economic recovery were households.

Household spending increased 1.2 per cent, while spending on services rose 2.4 per cent over the period.

This has been attributed to the easing of restrictions across Australia.


Spending on goods dropped 0.5 per cent but remained well above pre-pandemic levels.

However, household income fell from 12.2 per cent to 11.6 per cent in the quarter, meaning Aussies have begun spending the money they were stashing away due to forced lockdowns.

The figures also showed the heavy reliance Australia has on high commodity prices, with iron ore and coal leading to trade going up 7.4 per cent despite the current political tension with China.

Addressing a Senate hearing on Tuesday, Treasury secretary Steven Kennedy highlighted the important role consumers will play in the recovery, but noted an increase in wages was unlikely.

“We expect the strength of household balance sheets, reflecting strong income growth and high saving rates in 2020, together with recent strong house price growth, to support above‑average growth in consumption in the near term,” Dr Kennedy said.

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As most economists predicted, Australia’s economy is back to pre-pandemic levels, the latest official figures show.

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Victoria is not exiting lockdown at 11.59pm on Thursday, after it recorded an additional six locally acquired cases on Wednesday, taking the total number to 60.

Write comment (0 Comments) " ["fulltext"]=> string(3537) "

Parts of Victoria will remain in lockdown for another 7 days as the authorities race to contain the extremely infectious strain of COVID spreading throughout the state. Victoria's Treasurer is also on the phone to Treasurer Frydenberg for JobKeeper style support for Victorians, but more will be known once the talks have been completed, the Acting Premier said on Wednesday. 

The terms of the lockdown will change slightly for Melbourne, but city-based businesses will be required to keep their doors shut for another week. In regional Victoria, however, the restrictions will ease as of Thursday midnight. 

Melburnians will only be able to leave home for five reasons, including authorised work, caregiving, compassionate and medical reasons, essential shopping and exercise, and for vaccination purposes. They will, however, have an expanded 10 km radius, up from the 5 km currently in place, while students in years 11 and 12 will return to face-to-face learning on Friday. 

All hospitality venues in the state capital will have to keep their doors locked for another 7 days, but will be permitted to provide takeaway, while non-essential retail will only be open for click and collect. Gyms, hairdressers, community facilities and entertainment venues, are also expected to remain closed at least for another week.

Shops like supermarkets, food stores, bottle shops, banks, petrol stations and pharmacies will however continue to operate as usual.  

A number of outdoor jobs will be added to the exempted list, such as gardening. 

Rules for regional Victoria 

From 11.59 pm on Thursday, restriction will ease in regional Victoria, with Victorians able to leave home for reasons other than the 5 in place in Melbourne.

Food and hospitality will also open for seated visits only, with a cap of 50 patrons. Retail and beauty services will also resume services where masks can be worn. 

"Businesses that are open in regional Victoria but closed in Melbourne, so restaurants and beauty, for example, must check the IDs of everyone they serve," Mr Merlino said.

Regional Victorians will also be permitted to travel to Melbourne but only for "a permitted reason".

Outdoor gatherings will no longer be limited to two people, but a cap of 10 will be in place from Friday. 

Moreover, outdoor entertainment will have a patron cap of 50 people or 50 per cent of the venue's seating capacity, whichever is lower. 

Further support

As debate about the need to resurrect JobKeeper continues, Victoria is upping support for businesses with a further $209 million on top of the $250.7 million already announced to help up to 90,000 Victorian businesses that have been affected by the restrictions.

The package features three initiatives for small- to medium-sized businesses and sole traders. 

In announcing the additional support, Acting Premier James Merlino said he knows businesses are doing it tough, but the lockdown is necessary.

“The circuit-breaker action will keep Victorians safe and protect businesses and jobs — but we know it’s not easy shutting your doors and putting your plans on hold,” the acting Premier said.

“This support will help businesses pay the bills and maintain their workforce as best they can, as we work together to get through this challenge.”

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Victoria is not exiting lockdown at 11.59pm on Thursday, after it recorded an additional six locally acquired cases on Wednesday, taking the total number to 60.

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The Reserve Bank of Australia has made its last call on the official cash rate for this financial year.

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As widely predicted, the RBA has held the cash rate at a record-low 0.1 of a percentage point, despite the housing market continuing to boom with no constraints.

"At its meeting today, the board decided to maintain the current policy settings, including: the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond; the parameters of the government bond purchase program; and the rate of zero per cent on Exchange Settlement balances," the RBA said. 

Once again, the decision to leave interest rates on hold failed to surprise economists, with the RBA repeatedly echoing its intentions to keep rates as they are until 2024 at the earliest.

Economists appear to also have come to terms with the central bank’s apparent comfort with the red hot property prices.

In fact, CreditorWatch chief economist Harley Dale applauded the RBA’s decisions, noting that they’re clearly having the intended impacts given the “largely positive” economic recovery, despite even the latest setback in the form of the fourth Victorian lockdown.

“The synchronisation of expansionary fiscal policy and ultra-low interest rates are clearly paying dividends, and the Reserve Bank of Australia appears quite comfortable with the current situation as the central bank holds fast on interest rates until the dynamics of Australia’s inflationary pressures change,” Mr Dale said.

But Mr Dale did note that a decent inflationary pulse for the economy needs to be found, as well as that “ever-elusive evidence” of upward pressure on wages.

“It’s just one month to go until the RBA’s $200 billion term funding facility for banks comes to an end and questions around whether the RBA will inject additional liquidity to complement the federal government’s expansionary fiscal policy,” Mr Dale said.

“H2 will be an important time for boosting business investment and ensuring Australia’s economic recovery remains durable.”

The RBA’s latest decision has also partially silenced chatter of sooner than expected rate growth, with AMP Capital’s Shane Oliver conceding on Tuesday that despite the faster than expected economic recovery, “the RBA’s conditions for a rate hike are still far from being met”.

“The jobs market is still a long way from full employment, wages growth at 1.5 per cent is way below the 3 per cent plus pace necessary to sustain 2–3 per cent inflation, and in any case inflation is still well below its target zone. So, a rate hike remains some time off,” Mr Oliver said.

However, some are still certain the RBA will be pushed to move in 2023.

“The next move in interest rates is almost certain to be up, with the RBA likely to start tightening monetary policy by 2023,” said David Robertson of Bendigo Bank.  

“The current pace of economic recovery combined with fiscal and monetary stimulus may bring this forward to late 2022, but the RBA would prefer to wait for other central banks (e.g. NZ and Canada) to move first, before exiting ‘zero percent interest rates’.”

In the meantime, some of the big four are almost certain that macro-prudential measures will be enacted to slow the speed of property price growth.

In fact, Westpac hinted in its latest housing pulse report that the RBA could act in the first half of 2022, following the latter’s announcement in May that confirmed it would be “watching closely” as housing borrowing balloons.

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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-06-01 04:29:38" ["slug"]=> string(59) "16853:rba-makes-last-cash-rate-call-for-this-financial-year" ["parent_slug"]=> string(16) "284:invest-money" ["catslug"]=> string(11) "313:economy" ["event"]=> object(stdClass)#5976 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(0) "" ["afterDisplayContent"]=> string(0) "" } ["text"]=> string(314) "

The Reserve Bank of Australia has made its last call on the official cash rate for this financial year.

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While Greg Hunt won’t admit it, Australia’s vaccine rollout is lagging dangerously behind much of the rest of the world. And while our government is quick to rank us first in regards to our wins on the health and economic fronts, it sure isn’t too happy when asked about our global vaccine standing.

Write comment (0 Comments) " ["fulltext"]=> string(3437) "

As Victoria grapples with its fourth lockdown, it has become clear that Mr Hunt may no longer be on the ball. In fact, several of his assurances are in tatters in recent days, including the very dangerous and quite simply false assertion that 100 per cent of aged care residents have been vaccinated.  

While aged care residents and workers were identified as the priority group when the vaccine finally reached Aussie shores, the outbreak in Victoria has revealed that some aged care homes had not even received their first dose of the vaccine. And while that has now reportedly been reversed, with the government directing extra doses to these facilities last week, could it be a case of ‘too little, too late’?

As of end-May, it is estimated only 2 per cent of Australian adults have had two doses of a COVID-19 vaccine.

And recent research isn’t promising an acceleration, with data from Provocate revealing that while the Victorian lockdown has seen a lift in vaccination rates in the past week, the rates were still half the 200,000 daily vaccinations needed to meet the federal budget’s revised target of completing the rollout by the end of 2021.

In fact, according to the figures, Australia dropped five places in the past month from 5th to 10th of the 14 nations benchmarked by the Australian Department of Health.

“Australia’s lagging rate of vaccination at home is having a significant impact on its global standing, as well as the risk of market share losses to competitor countries that reopen faster,” said Provocate managing director Troy Bilsborough.

“For example, Australia has one of the slowest start dates and lowest vaccination rates of all G20 nations.”

Provocate’s outlook is worrying, with Mr Bilsborough noting that until Australia is consistently averaging at least 1 million jabs in arms per week, every week, then Aussies should plan for a vaccine rollout completion closer to 2023 than 2021.

“The current ‘grass is greener’ message around an end of year vaccination boost is the single biggest risk to Australia’s vaccine rollout right now and will only increase as federal election pressure mounts,” Mr Bilsborough said.

“Unless Australia can strike a deal with a close ally like the US or UK to loan it urgent vaccine surplus between now and October, the only way for Australia to get back on track is collectively convince itself to accept and administer its current vaccine stocks and actively reduce promises of safer batches to come,” he added.

But it’s not just the businesses advisory firms that are concerned, with journalists now taking aim at the Health Minister and presenting him with some pretty hard truths.

In fact, just last week, Natalie Barr, the host of the Sunrise Show, asked Mr Hunt whether Aussies are hesitating to get the jab because for months they heard the words “no rush” from both himself and the PM. Mr Hunt then repeatedly interrupted Ms Barr with “that’s false”.

She, however, was not deterred, persisting with the words “your government and the Prime Minister were saying there is no rush”.

It was the producer who saved the segment by playing a clip of the PM repeating “it’s no race”.

Well, luckily it’s not a race, because if it was, we’d be doing dreadfully.

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While Greg Hunt won’t admit it, Australia’s vaccine rollout is lagging dangerously behind much of the rest of the world. And while our government is quick to rank us first in regards to our wins on the health and economic fronts, it sure isn’t too happy when asked about our global vaccine standing.

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When borders reopen, Australia has a chance to reshape its migrant policy, with an opportunity to target younger, more skilled workers, a think tank has revealed.

Write comment (0 Comments) " ["fulltext"]=> string(3404) "

Australia is not attracting the right migrants, instead it should focus on simplifying the process, taking in younger skilled workers, and paying them more money. 

According to the Grattan Institute, Australia’s migration policy has gone in the wrong direction in recent years, calling for the abolishment of the Business Investment and Innovation Program.

Instead, Grattan Institute said Australia should heavily increase the number of visas given to skilled workers, which they state would increase total taxes paid over the lifetime of migrants by $4 billion each yearly intake.

Grattan Institute’s economics policy director, Brendan Coates, said that when we reopen the borders, Australia should unashamedly select permanent skilled migrants for their long-term economic potential.

“Skilled migrants tend to be younger, have more skills, and earn higher incomes than the typical Australian – so they generate a fiscal dividend for Australians because they pay more in taxes than they receive in public services and benefits over their lifetimes,” he said.

He also noted that the Business Investment and Innovation Program, or BIIP, visa-holders bring fewer benefits through other income streams due to being older and earning less income while in Australia.

“The new Global Talent Program, which was being expanded rapidly before the pandemic, should be scaled back while its value is assessed,” Mr Coates said.

“The number of skilled worker visas – allocated via employer sponsorship and the points test – should be expanded.”

“Employer sponsorship should be available for workers in all occupations, provided they earn above median full-time earnings of $80,000 a year.”

Venture Capitalist call for foreign investment

While the Grattan Institute argues for less skilled migrants, the venture capital sector highlights the key role migration plays in helping boost the economy.

Stoic Venture Capital partner Geoff Waring welcomed the Australian government’s proposed review of the tax treatment of venture capital funds as a key measure to help lift the nation’s economy and global competitiveness amid COVID-19, announced during the budget.

“We look forward to consulting with the Australian government to identify how we can enhance Australia’s incentives for investment in venture capital,” Dr Waring said.

“That includes providing supportive tax and investment incentives for migrant investors who contribute significantly to Australia’s venture capital industry.”

Dr Waring said the Business Innovation and Investment Program, including the Significant Investor Visa (SIV), Investor Visa and Premium Investor Visa programs, could be the driving force behind Australia’s ailing venture capital sector.

The SIV has already contributed almost $12 billion in investment to Australia so far.

“Wealthy migrants such as prominent businesspeople from Hong Kong have unique expertise and are keen to bring their capital and talent to a new home,” he noted.

“Skills and experience across a diversity of sectors will help Australia innovate and ensure the nation is prepared to respond to future crises like COVID-19 and the health and economic challenges these pose to our communities.”

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When borders reopen, Australia has a chance to reshape its migrant policy, with an opportunity to target younger, more skilled workers, a think tank has revealed.

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"2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "First article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [8]=> object(stdClass)#5994 (32) { ["id"]=> string(1) "8" ["title"]=> string(18) "Second article URL" ["name"]=> string(18) "second-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:04" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5742 (3) { ["data":protected]=> object(stdClass)#5745 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5744 (3) { ["data":protected]=> object(stdClass)#5747 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(18) "Second article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#5993 (32) { ["id"]=> string(1) "9" ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5746 (3) { ["data":protected]=> object(stdClass)#5749 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5748 (3) { ["data":protected]=> object(stdClass)#5751 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#5990 (32) { ["id"]=> string(1) "4" ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "1" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5750 (3) { ["data":protected]=> object(stdClass)#5753 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5752 (3) { ["data":protected]=> object(stdClass)#5755 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#5991 (32) { ["id"]=> string(1) "6" ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "2" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5754 (3) { ["data":protected]=> object(stdClass)#5757 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5756 (3) { ["data":protected]=> object(stdClass)#5759 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#5986 (32) { ["id"]=> string(1) "3" ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "3" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5758 (3) { ["data":protected]=> object(stdClass)#5764 (1) { ["options"]=> object(stdClass)#5762 (2) { ["options0"]=> object(stdClass)#5761 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#5763 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5760 (3) { ["data":protected]=> object(stdClass)#5766 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#5989 (32) { ["id"]=> string(1) "5" ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "4" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5765 (3) { ["data":protected]=> object(stdClass)#5768 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5767 (3) { ["data":protected]=> object(stdClass)#5770 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#5999 (32) { ["id"]=> string(1) "2" ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "5" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5769 (3) { ["data":protected]=> object(stdClass)#5772 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5771 (3) { ["data":protected]=> object(stdClass)#5774 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(75) "/invest-money/economy/is-it-time-for-australia-to-rethink-skilled-migration" ["image"]=> string(39) "images/article-826x550/migration-ne.jpg" ["image_alt"]=> string(53) "Is it time for Australia to rethink skilled migration" } }