Markets Live: ASX hits year’s high

U.S. President Donald Trump speaks as Jerome Powell, governor of the U.S. Federal Reserve and Trump’s nominee as chairman of the Federal Reserve, left, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. If approved by the Senate, the 64-year-old former Carlyle Group LP managing director and ex-Treasury undersecretary would succeed Fed Chair Janet Yellen. Photographer: Andrew Harrer/Bloomberg
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Speaker of the House Paul Ryan, R-Wis., strides to the chamber for the vote on the $4 trillion budget measure that will pave the way for a sweeping GOP tax overhaul, on Capitol Hill in Washington, Thursday, Oct. 26, 2017. (AP Photo/J. Scott Applewhite)

Mark Carney, governor of the Bank of England (BOE), pauses during the bank’s quarterly inflation report news conference in the City of London, U.K., on Thursday, Nov. 2, 2017. Bank of England policy makers raised?? interest rates?? for the first time in a decade, yet showed concern for Britain??????s Brexit-dented economy by indicating that another increase isn??????t imminent. Photographer: Luke MacGregor/Bloomberg

Khalid Bin Abdulaziz Al-Falih, Saudi Arabia’s energy minister and president of OPEC, speaks to journalists ahead of the 172nd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, May 25, 2017. OPEC and its allies were poised to extend their production cuts for?? another nine months?? after last year??????s agreement failed to clear a global supply glut or deliver a sustainable price recovery. Photographer: Akos Stiller/Bloomberg

NAB CEO Andrew Thorburn at the NAB branch at 333 George Street, Sydney, on 1 November 2017. Photo:Jessica HRomas. The NAB full results are announced tomorrow on the ASX at 8am. (NOTE- THIS IMAGE IS TO BE EMBARGOED TILL 8AM Thursday 2 November)

FILE – In this Wednesday, Oct. 11, 2017, file photo, an Amazon employee gives her dog a biscuit as the pair head into a company building, where dogs are welcome, in Seattle. Amazon says it received 238 proposals from cities and regions hoping to be the home of the company’s second headquarters. The online retailer kicked off its hunt for a second headquarters in September, promising to bring 50,000 new jobs. It will announce a decision sometime in 2018. (AP Photo/Elaine Thompson, File)

Nutella: the 20 best recipes. Image sourced from http://梧桐夜网booktopia南京夜网419论坛/nutella-ferrero/prod9781909342163.html

EMBARGOED FOR THE SUN HERALD 27th August…. People enjoy relaxing yoga with baby goats, a new yoga class offered by Elite Therapies & Body Balance. Sophie Dahia, 16 from Glenwood. Photograph by Katherine Griffiths

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Larkham succession starts to make real sense

Could the Wallabies be on the path to, shock, horror, an orderly transition of the coaching reins from Michael Cheika to Stephen Larkham?
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Tumult has been the way of recent appointments, with Robbie Deans a dead man walking for the first half of 2013 and Ewen McKenzie’s extraordinary resignation after the third Bledisloe Test in Brisbane in 2014.

It has taken some time for a sense of order to be restored but Australian rugby is getting there. Michael Cheika has found his groove again and it would take an act of God for him not to be in place for the next two years.

And behind him is Stephen Larkham. He is shaping as Cheika’s natural successor after the 2019 World Cup. Rugby in Australia might be heading towards a period of relative stability, if it can handle it.

The alternative model is well known – essentially a beauty contest, where a list of candidates is compiled and the successful candidate is almost a reaction to the previous boss.

Sometimes it works. It certainly has done wonders for England, where Eddie Jones took his outsider’s eye of their strengths and has ruthlessly gone about challenging their weaknesses.

But more often that not it makes any sense of continuity impossible, and the lesson of the previous regime are too easily cast aside.

A Larkham appointment avoids those pitfalls.

Remember, too, that something remarkable is quietly beginning to happen in Australia rugby. A Wallabies coach is having conversations about who should play No. 10 at the Super Rugby franchises and the sky is not falling in.

That is why the selection of Reece Hodge at No. 10 for the Wallabies against Japan is so intriguing. Hodge is a project in the position and the Wallabies know it. He may even struggle against Japan on Saturday. But if it is the start of a process between the Wallabies and Rebels that develops depth at No. 10 it is welcome. The Wallabies must not go into the World Cup with their hopes all tied up in the health of Bernard Foley.

To that end Larkham is not just a Wallabies assistant coach. He is involved in the national set-up at a potentially crucial point of the game’s history where there is apparently genuine dialogue between the various high performance arms.

There is also the story of Larkham’s own development. Is it any coincidence that the Wallabies attack has progressed so well now that Larkham has finished up with his commitments with the Brumbies? Probably not.

By the end of the Rugby Championship the Wallabies’ attack was a distant cousin to what we saw in June. There were some signs of progress against Italy, especially with some of the work on the short side, but it went to a different level during the Bledisloe Tests. Some of the phase play against the All Blacks in Dunedin was world class.

The Brumbies under Larkham were not always the most poetic team but that criticism may be moot. There are only two Brumbies in the Wallabies first-choice XV and Larkham still guided them to the top of the Australian Super Rugby conference this year.

It may not be the perfect transition. In an ideal world Larkham would have accrued a few years of coaching experience in the north before taking the top job in Australia.

The cards have not fallen that way but it does not negate the appeal of Larkham as Wallabies coach.

The wildcard here is Cheika. He has invested so much emotional and intellectual capital in the Wallabies that to walk away post-2019 may be too hard. Then again there will be no shortage of lucrative offers coming his way.

But if he goes he may leave a gift – a system that is far better aligned than the one he inherited, meaning the Wallabies’ future success will not be down to luck but design.

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Our three favourite open homes to see this weekend

Domain has scoured through the listings to bring you three of the best open homes worth seeing this Saturday in Sydney.
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The top of the property pile come this week from Scotland Island, Drummoyne and Glebe. Scotland Island

$3 million – $3.3 million

Scotland Island attracts all walks of life, a factor that agent Therese O’Neill says makes for a vibrant, close-knit community “where you can be yourself”.

But the private nature of this waterfront residence means that you can also retreat into your own space, surrounded by bushland and with your own boatshed and pontoon.

Residential Real Estate is leading the sale. The home represents the ultimate private getaway. Photo: Supplied

See more of 15 & 17 Robertson Road hereRelated: Andy Lee sells in inner westRelated: Sydney’s ‘fun vibe’ not enoughRelated: Shane Watson lists Bronte homeDrummoyne

$3 million

This Victorian manor is a keeper, with only three families owning it since it was built in 1896.

The Laurels shows off Queen Anne and Edwardian characteristics with period features well maintained. 53 Thompson Street, Drummoyne NSW. Photo Supplied

An open-plan extension leads out to a generous courtyard and child-friendly garden.

Warwick Williams Real Estate’s Conor Allen is holding the auction on November 11. A generously-proportioned courtyard leads to a level lawn. Photo: Supplied

See more of 53 Thompson Street hereGlebe

$1.3 million

Not many people can say they call a converted stable their home, especially one in such a premier location.

This unusual property is just off Glebe Point Road, where with its myriad of cafes and bars you will never be hungry, thirsty or bored. 58 Derwent Lane, Glebe NSW. Photo: Supplied

Exposed brick, timber-panelled walls and cool concrete flooring are found across the home’s two levels.

Catch this one at its auction on November 11, with Jack Parry of BresicWhitney Balmain. Exposed brick and timber-panelled walls define the interiors. Photo: Supplied

See more of 58 Derwent Lane here or download the Domain app for more Sydney listings

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Qewy out of Melbourne Cup, Wall Of Fire safely into field

Bendigo Cup winner Qewy won’t run in the Melbourne Cup, paving the way for Wall Of Fire to be lifted into the field for Tuesday’s $6 million race.
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Godolphin trainer Charlie Appleby confirmed from the United States where he’s attending the Breeders Cup meeting at Del Mar that last year’s fourth placegetter will be saved from the two-miler after a track record win at Bendigo on Wednesday.

It means James Cummings’ locally-prepared Hartnell will be the only Godolphin representative in the race that stops the nation.

“He knows he’s had a race, and I think the Cup will just come a bit soon for him,” Appleby said. “It’s only six days between the two races.

“Hopefully we can consider another race for him in Melbourne this trip, provided he is back on top form.”

It means connections of Wall Of Fire will be relieved, guaranteeing their spot in the race after travelling all the way from the United Kingdom for the spring carnival.

Mick Kent’s Abbey Marie, who would have vaulted to No.24 in the order of entry, is also a non-starter and won’t pay the $49,500 final acceptance fee.

It means Willie Mullins’ Thomas Hobson is another step closer to handing the Irish wizard a third runner in the race as he occupies the last spot in the field, joining stablemates Max Dynamite and Wicklow Brave.

But he can be tipped out if one of eight runners win the Lexus Stakes on Saturday, the Melbourne Cup’s last chance saloon.

Qewy had been right in Melbourne Cup betting, but will now be saved for either the Queen Elizabeth Stakes on the final day of the Flemington carnival or the Sandown Cup, a race he won last year.

“It was definitely a tough decision,” Appleby’s stable foreman Chris Connett said at Werribee. “It’s disappointing to see him miss the race because he would have been sticking on and might have been right there, but we’ve got to do the right thing by the horse.

“We know he ran so well last year, but it might be just a bit too soon after Bendigo and it was a hard run on Wednesday. There’s a couple of options now and we’ll let the horse tell us how he’s going.”

Almandin heads Sportsbet’s market at $6.50 with Wall Of Fire on the sixth line of betting at $13.

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Take the income stream not the lump sum

???Federal and state government decisions to close off new entry to their defined benefit super funds have not only reduced the costs for taxpayers but also ensured members can be confident of receiving all the lifelong benefits promised to them – unlike in the US.
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A combination of factors has increased the value of defined benefit super funds to their members, especially those offering lifetime indexed pension benefits to members. Their biggest advantage is that, apart from the UniSuper fund, the payment of the promised benefits is guaranteed by employers.

All the investment risk is thus borne by the employer and, in the case of government defined benefit schemes, taxpayers. In terms of funding a comfortable retirement, nothing could be better or more secure than receiving a regular guaranteed income stream.

Apart from not having to be concerned about historically low interest rates and investment fluctuations such as those that occurred in the global financial crisis, defined benefit members have access to retirement income streams that are either not available or extremely expensive from private sector providers.

The icing on the cake for defined benefit members is that their employer pension schemes were devised in periods such as 1915 in NSW and 1922 for the Commonwealth when the expected life span in retirement was short. Today, following huge gains in mortality rates, expected retirement lifetimes, including those of reversionary beneficiaries, are up to three times longer.

Compared with taking a lump sum alternative, the indexed pensions now on offer to DB retirees are very attractive. This is evidenced by the large increase in take-up of DB pensions, including in redundancy situations where cash-outs are available.

New entrants to the workforce don’t have access to employer-guaranteed defined funds but existing members receive superior benefits to those available to their less fortunate colleagues. There are even some additional bonuses available in some defined benefit funds that were originally designed to save money from members not keen to contribute or cash out benefits when the opportunity arose.

In several funds, the most valuable bonus comes from contributing more than the minimum required. The benefits of doing so in the largest federal government defined benefit fund, the PSS, is because of the additional matching employer benefit of far more value than that from paying off the mortgage.

There’s a clear message for all existing defined benefit members, including those with deferred or preserved benefits until retirement. Become familiar with the ways to gain best value from the benefits on offer. Even when a lump sum may have appeal to pay off a mortgage or other debts, the after-tax indexed value of the alternative pension can still provide a larger return.

Daryl Dixon is the executive chairman of Dixon Advisory. [email protected]南京夜网419论坛

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Ban on synthetic drugs comes into effect

A STATE-WIDE blanketban on synthetic drugs came into effect this week.
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The banmakes it illegal toto produce, sell or promote any substances that have apsychoactive effect, regardless of their chemical make-up.

While many of these substances were previously available for purchase over the counter, anyonepeddling these substances now faces tough penalties, including up to two years in prison or more than $38,000 in fines.

The new laws also give police the power to search and seize any psychoactive drugs, in thesame way police can search for any illicit drug.

Member for Bendigo East Jacinta Allan welcomed the new blanket ban.

“Our ban on synthetic drugs will help save lives,” she said. “These drugs had been passed off as safe, legal highs when in reality they’re just dangerous chemical cocktails”

“Many residents came to me and shared their harrowing experiences of loved ones using synthetic drugs.”

Jacinta Allan

Synthetic drugs are designed to mimic the effects of illicit drugs like cannabis and ecstasy, while trying to avoid existing drug control measures.

The substances have been linked to increased hospital emergency admissions and a number of deaths in the past few years.

The World Health Organisation has indicated the harmful effects of synthetic drugs can include seizures, heart problems, withdrawal symptoms and addictions and blood-borne diseases.

The state government has also stepped up its fight on ice dealers with new laws that reduce the amount of ice required for commercial trafficking offences also commencing this week.

These ice reforms are mirrored by the changes to heroin trafficking quantities that were announced yesterday, as a part of the Drug Rehabilitation Plan.

Large commercial traffickable quantities for ice have been cut from 750g to 500g of pure methylamphetamine, and from 1kg to 750g when mixed.

Commercial traffickable quantities have been reduced from 100g to 50g of pure methylamphetamine and from 500g to 250g when mixed.

Anyone convicted of large commercial trafficking faces a maximum of life in prison, or up to 25 years for commercial trafficking.

Brett Ratner files defamation suit against rape accuser

Producer and director Brett Ratner has filed a defamation suit against a woman who claims she was raped by him 12 years ago.
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The defamation suit was filed in Hawaii’s Federal Court and relates to a posting on the woman’s Facebook account, which has since been deleted.

The suit says the defamation arises “from the defendant’s deliberately false and malicious accusations that plaintiff raped the defendant ‘about 12 years ago’,” according to media reports.

Earlier this week six women alleged in a report in The Los Angeles Times that they were either sexually harassed or sexually assaulted by Ratner.

The woman involved in the defamation suit, Melanie Kohler, is not one of the six women in The Los Angeles Times report.

The defamation suit alleges Kohler “on or about October 20, 2017, recklessly and/or intentionally posted a statement on her Facebook page claiming that ‘Brett Ratner raped [her]’.”

In her Facebook posting, Kohler said she had met the director at club in Los Angeles 12 years ago.

According to the suit, Kohler alleged that Ratner “preyed” on her when she was drunk.

“I’m embarrassed, humiliated, ashamed, and wish I could go back to forgetting it ever happened,” Kohler wrote. “But if I do that, if we all do that, then it keeps happening. We have to come forward.

“I can’t be an advocate for women speaking out if I don’t speak out, too,” she said.

The lawsuit calls the rape allegation “deliberately false and malicious.”

The posting was deleted by Kohler after she was contacted by Ratner’s Los Angeles-based lawyer, Martin Singer.

Singer told the trade publication Variety he did not threaten Kohler, but said she could “be sued if she didn’t take it down.”

Kohler subsequently deleted the post.

Singer is not representing Ratner in the defamation suit; the suit was filed on Ratner’s behalf by attorney Eric Seitz.

The defamation suit comes as Ratner is fighting accusations of sexual harassment or misconduct by six women, including actresses Natasha Henstridge and Olivia Munn.

TheLos Angeles Times has published accounts by Henstridge, Munn and four other women, detailing encounters with the 48-year-old producer in which he either forced himself on them, performed lewd acts or spoke crudely about his sexual activities.

Ratner is one of a number of high-profile Hollywood men swept up in a scandal which began when Hollywood producer Harvey Weinstein was accused of sexual harassment and sexual assault.

Allegations have also surfaced about now former Amazon executive Roy Price, director James Toback, producer Chris Savino and actors Dustin Hoffman and Kevin Spacey.

Henstridge told the newspaper that Ratner had “strong-armed” her into performing oral sex on him during an encounter at his apartment in New York.

Ratner’s lawyer, Martin Singer, denied the claims in a statement sent to The Los Angeles Times.

Singer said he had represented Ratner for two decades and in that time “no woman has ever made a claim against him for sexual misconduct or sexual harassment [and] no woman has ever requested or received any financial settlement” from him.

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[email protected]: ASX to open higher; Powell confirmed by Fed

The information of stocks that lost in prices are displayed on an electronic board inside the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Friday, July 24, 2015. The Australian dollar slumped last week as a gauge of Chinese manufacturing unexpectedly contracted, aggravating the impact of declines in copper and iron ore prices. Photographer: Brendon Thorne/Bloomberg MARKETS. 7 JUNE 2011. AFR PIC BY PETER BRAIG. STOCK EXCHANGE, SYDNEY, STOCKS. GENERIC PIC. ASX. STOCKMARKET. MARKET.
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Stock information is displayed on an electronic board inside the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Friday, July 24, 2015. The Australian dollar slumped last week as a gauge of Chinese manufacturing unexpectedly contracted, aggravating the impact of declines in copper and iron ore prices. Photographer: Brendon Thorne/Bloomberg

The uneven climb in risk trends this past week saw some of its speculative leaders falter through the US trading hours Thursday. That moderation is unexpected considering the headlines that global investors were to digest through the day. The GOP released its tax reform plan looking to fulfill one of the key, economy-supporting agenda line items of the past year’s campaign – a pledge that has also played a critical role in the US market’s climb since last November’s election. The list of themes that can hearten global sentiment through the final session of the week is short, but it does include the ever-popular change in US payrolls. Locally, the sharemarket is due to open higher to finish the week.

1. Wall Street: US indices were little change don the day heading into the twilight hours of trade Thursday. Then again, the dip registered by the likes of the S&P 500 and Nasdaq were exceptionally modest and did little to truly sour the fact that record highs were set as recently as 24 hours before. Though these benchmarks have yet to seriously stumble, the drop in participation as a measure of conviction continues to weigh on enthusiasm for a subsequent run. Volume behind shares, futures and key ETFs has suffered steady down trend over the past week. That won’t trigger any immediate fear so long as VIX continues to hover around 10 and event risk doesn’t catch the market wrong footed with dramatic surprises.

2. US monetary policy: US monetary policy has dominated the entire second half of this week. The most explicit update on this very overbearing theme was Wednesday’s FOMC rate decision. However, the nature of that event was defused given the market’s clear expectation for its outcome. No hike in November but maintenance of a very high probability (98 percent according to Fed Fund futures) chance of a move at the December 13 meeting. That wouldn’t be the end of it however. The longer-term view of US policy and its early carry currency status will be heavily influenced by who is leading the group. That stewardship will be under Jerome Powell starting next year after US President Trump announced his choice following weeks of speculation. Powell rarely deviated from Yellen’s vote and differs most clearly when it comes to regulation – he supports deregulation. And of course, the final trading day of the week brings the States’ monthly payrolls. Always good for volatility, but its dubious that this figure can materially alter the outcome of the next policy meeting much less pace for the next two years.

3. BoE hikes rates: The Bank of England rose rates for the first time in a decade, but that was not enough to keep the sellers of sterling at bay. Sterling fell against all G10 peers while UK sovereign debt known as gilts were bid as markets pushed back expectations of the next interest-rate hike to November 2018. The Aussie rose 1.5% against the sterling, and the Kiwi rose almost 2% against GBP.

BoE governor, Mark Carney was among the 7-2 majority to vote for the right hike, but the Monetary Policy Committee dropped reference that the rate may need to rise further than markets anticipate. Sterling will remain subject to Brexit negotiations, and the current market pricing in of two increases by 2020 could drop on disruptions in the Brexit process, and taker sterling down too.

4. Bitcoin surpasses $US7,000: The rise in Cryptocurrencies continues to make market veterans uncomfortable. On Thursday, Tidjane Thiam, CEO of Credit Suisse and Goldman Sachs CEO, Lloyd Blankfein both commented on bitcoin as it rose above $US7,000 for the first time. Blankfein said he had, ‘a level of discomfort’ with bitcoin, but said he was also uncomfortable with mobile phones when they surfaced whereas Thiam said that bitcoin was the ‘very definition of the bubble.’

The rise of bitcoin this week at a mere 21% (weekly range: US$US 5,496-7392 per XBT) was naturally helped by news that the Chicago Mercantile Exchange announced it was planning to launch bitcoin futures soon helping to bring regulation to the lucrative market. Market participants are enthused that this development could bring billions of institutional money into the cryptocurrency market.

5. The Australian Dollar: The local currency was the top performing G10 currency against the USD on Thursday. The US Dollar was hit starting with Thursday morning’s FOMC (Wednesday afternoon the US) that was quickly followed with rumours of a Jay Powell-led Federal Reserve who is seen as the continuity candidate to carry the torch for the Federal Reserve. Either way, the Australian Dollar has had a positive start to November, up by nearly 1% against the USD and seeing the biggest round of buying in nearly three weeks. The gains were on the back of AU trade and building data beating forecasts ahead of Tuesday morning’s RBA announcement where the market is bringing in a 99% chance of no change in monetary policy.

6. ASX: Futures are pointing to a 14-point gain at the open. While record highs from the S&P 500 and recent, sudden surges from the Nikkei 225 and DAX draw the indices glory; the ASX 200 has one of the most cleanly delineated technical patterns on the asset class. The three week follow through on the October 13 break through a five-month range resistance(5,800/5,815) has extended a bullish move up to a much larger technical ceiling. Around 5,975; we find a flat trendline that has connected peaks from 2008 to 2015 to the current year. Though few usually scale up to monthly charts. It is not difficult to miss the technical relevance. It takes a lot to make a break of this magnitude productive, and the struggle seen amongst global risk assets means this can be a difficult move to facilitate. Don’t write off a break, but do maintain some degree of skepticism when it comes to follow through.

7. Commodities: Iron Ore that had been sold aggressively found support on Thursday. Iron Ore has been the odd man out as metals like Zinc, Aluminum, Copper, and Nickel have gained over 20% this year. Iron Ore has tacked together three straight days of gains in Dalian as traders hope to see a revival for lower-quality iron ore after the China curbs ease. The view comes from looking at future premiums for May 2018 against January that shows after winter that China demand may break higher after the seasonal effects wane. Iron Ore has spent the last two weeks retreating gains over the summer on China’s fight to curb pollution.

8. Market watch:

SPI futures +0.24%, or 14 points, to 5933 points

AUD/USD moved 0.534% to 0.7717 – Session High: 0.773 Session Low: 0.7673

On Wall Street: Dow Jones 0.12%, S&P 500 -0.13%, Nasdaq -0.24%.

In New York: BHP 1.9%, Rio 0.88%.

In Europe: Stoxx 50 -0.23%, FTSE 100 0.9%, CAC 40 -0.07%, DAX 30 -0.18%.

Spot Gold moved 0.18% to US$US1276.97 an ounce.

Brent Crude moved 0.36% to US$US60.71 a barrel.

US Crude Oil moved 0.29% to US$US54.46 a barrel.

Dalian Iron Ore moved 1.26% to CNY442.5 a tonne.

Iron Ore delivered to Qingdao moved 0.74% to US$US59.79 a tonne.

LME Aluminum moved 1.16% to US$US2185 a tonne.

LME Copper moved 1.33% to US$US6930 a tonne.

10-Year Bond Yield: US 2.35%, Germany 0.37%, Australia 2.65%.

This column was produced in commercial partnership between Fairfax Media and IG

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Killed because of ‘a heart that didn’t care enough’

Nathaniel Price’s family spoke in court on Thursday.
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The family of high-speed crash victim Nathaniel Merritt-Price has told a Melbourne County Court of the emotionally crippling change his death caused.

Gemma Sargent, 20, appeared in court on Thursday for a plea hearing ahead of her sentencing for culpable driving causing death and negligently causing serious injury.

She was speeding with four passengers when her car rolled on NewYear’s Eve 2015, killing 19-year-old Price, onBuninyong-Mount Mercer Road.

Another passenger, Joelene Bounday, was left with permanent brain and back injuries.

Nathaniel’s father, Rod Price, read a victim impact statement out to a packed court room on Thursday.

“Myson Nathaniel has been ripped from my family and circle of friends,” he said.

“There is a room that is empty (at home), and a seat at the table that is vacant.

“I want to place on record the despair that is part of me every day.”

There were 16 victim impact statements submitted to the court.

Nathaniel’s mother, Susan Merritt-Priceread her statementthrough tears as she told the court she had hoped her son’s death was a sick joke in the days following the crash.

“My worst nightmare came true on New Year’s Day, 2015,” she said.

“The thing I dreaded most as a mother happened…it was because of the foolish actions of a heart that didn’t care enough.

“My 19-year-old boy who should’ve lived to bury his parents (died).

“Nathaniel was a timid driver, he would have hated endangering others on the road.”

Gemma Sargent

Sargent was remanded in custody after a jury found her guilty on September 7.

She appeared in the Ballarat Country Court via video link for the hearing.

The 20-year-old was heavily pregnant and already had one child when Price, pictured right,was killed.

Defence solicitor Jamie Page told the court his client was remorseful for her actions.

“She has made an absolute tragic mistake with consequences that affect many, many people,” he said.

“She is still young, still has prospects–she is soon to be a mother of two.”

“So the remorse is both for the consequences of her actions and the decision-making that took place.

“Being pregnant in custody and childbirth makes custody all the more difficult, that’s what makes it more onerous.”

Ms Bounday watched the hearing from Ballarat, with prosecutor Pat Bourke reading her victim’s impact statement to the court.

“Not only did I lose my best friend, I lost my life,” her statement said.

“I have been left with two broken bones in my back, I have got scars all over my body.

“I still have a scar from a hole in my leg, which no one knows the cause of.”

Joelene Bounday

Media watching the hearing from Ballarat were unable to hear Mr Bourke’s full argument, because the video link from Melbourne was turned off.

Speaking outside the court, Ms Bounday said she hoped Sargent would be “put away” for a long time.

“It changes my life, it changed me dramatically–she has no remorse,” she said.

Sargent was first committed to stand trial for the crash in November last year.

Paramedics and Country Fire Authority members attended the scene.

Emisha Lloyd and Jarred Sargent were also in the car.

Sargent overtook a car, which was travelling about 130km/hr, when she lost control.

Nurse Jennifer Cameron attended the scene following the crash and told the court two passengers said the car was travelling too fast.

Judge James Montgomery adjourned the case for sentencing to a later date.

The Courier, Ballarat

Winter returns: snow, hail forecast for Tasmania

More snow is on the way for the West Coast and Cradle Mountain-Lake St Clair National Park on Friday and Saturday. Picture: Cordell RichardsonWinter weather will return with two cold fronts predicted to cross the state on Friday and Saturday.
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The first cold front will approach from the west on Friday and will bring snow down to 800 metres in the north and to 500-600 metres in the south of the state.

The Bureau of Meteorology has issued a bushwalkers warning for hazardous conditions inthe western and central plateau districts (West Coast and Cradle Mountain Lake St Clair National Park).

Wintry weather on the way for #Tassie, with a cold front approaching #Brrr. Several warnings issued for tomorrow: https://t.co/NHL3HY0zFOpic.twitter南京夜网/kgUIG3Z4Fa

— BOM Tasmania (@BOM_Tas) November 1, 2017

The west and south of the state will see around 10-15mm of rain withup to 20mm in elevated areas in the west.

Small hail is possible across the state on Friday.

Another cold front will cross the state on Saturday morning bringing cooler temperatures and snow to 1000 metres in the north and 600-700 metres in the south.

Further road warnings may be issued over snow and frosty conditions over the weekend.

Weather warnings will be updated.

RELATED COVERAGE:

Snow down to 100m | pictures, photosReaders capture snowfalls in TasmaniaNorth-West weather: snow continues at Cradle MountainThe Advocate