Castello's Cucina, 123 Fisher Street, Fullarton SA
President John Peacham 0431 618 359
Next Week We Are Back into Strategic Planning
Last Meeting
Venue: Castello's Cucina, Living Choice
Guest Speaker: James Barger-Bos
Guests: Dianne Duke plus Rob's assistants Eucabeth Mokaya and Jeza Bucog
Attendance: 21 members and 4 guests
Opening
Jerry Casburn did the invocation, invoking the spirit of Halloween - fun and friendship (not sure what happened to the Devil in the process).
President John sprang out in terrific/terrifying/should-have-known- better Halloween attire and welcomed Di Duke, honorary member Rex Martin and Cobi. The Thrift Shop had revenue of $1588 last week and the Bunnings BBQ yesterday netted $1135. RC Hyde Park is having its annual wine fund-raising event - see advert below at end of meeting details.
Our AGM is scheduled for 16 January 2024.......nominations please, particularly for President and President elect...forms on our website.
Guest Speaker: James Barger-Bos - The Joy of Self-Managed Super Funds
Paul Duke introduced James whom he has known for many years - 'From one devil to another'. James has been in the financial planning business for 35 years and has Degrees in Accounting. Marketing, Financial Planning and numerous financial services accreditations.
James reckons there are many advantages to self-managed super funds, principally to the choice they provide in picking of real estate opportunities and share market investments. And the costs are reasonable for the fund management and audit. SMFS started in 1994 with changes to Federal legislation. There are today 610,00 funds with a total of 1.3 million people and an asset base of $880b ($800,000 pp with average age of 54), estimated to reach 1 trillion by 2027. James started his fund in 2016.
Each fund can have up to 6 members which enables intergenerational involvement, and a spreading of costs and benefits. The big advantage comes when you reach 65 and tax no longer applies. In fact you can get a refund from ATO for franking credits. Under 65, you can borrow up to 80% of a property being purchased against the fund to minimise tax and build investment wealth. There has to be a trustee of a separate bank account, a funds management strategy, and an auditor who normally costs $2500-3000 per annum. Funds managers covering assets of $1m normally cost $10,000 per annum. The proposal to increase the annual tax take for funds over $3m from 15% to 30% is causing concern for rural communities where the farm has been vested in an SMSF, because the unrealised value is taxed every year, and often farmers are cash poor.
As well as the tax-free pension from the fund after reaching 65, costs of life and disability insurance can be claimed and there is creditor protection. The well insured legs of model Heidi Klum featured as an example of claimable costs......understandably.
James provided an example of investment in property which tends to double in value every 10 years. At a starting price in 2003 of $500,000 plus stamp duty of $25,000, by 2023 the property could well be worth $2m and if sold after reaching 65 - no Capital Gains Tax.
Fundamentally this is all about tax minimisation, particularly after reaching the age of 65.
James was thanked for his contribution. Tis a pity that there was not a broad comparison of industry super fund performances with SMSF......which seem to work a taxation treat with astute investment decisions but could well be costly for the uninitiated.
Greg distributed unclaimed Halloween chocolates to further sweeten the occasion.
SPOTS
Patsy Beckett made a last call for the fabulous car trial next Sunday, starting at 8.45am in the car park in front of Coles at the Unley Shopping Centre. Those leaving cars there are at risk of a fine. Robyn Carnachan is recovering well from her operation and will navigate for Greg to ensure they get to the morning tea and lunch first!
Jerry Casburn would like more members to accompany him on the next trip to Calperum scheduled for 25 - 28 November - greater enjoyment and less work than the last trip. Bunnings have invited the club to do its BBQ on Sunday 19 November and more volunteers appreciated.....Sundays are good revenue earners.
Nathan White thanked those who had sponsored him on the long walk - he made it and staggered into Glenelg last Sunday. He has to-date raised $1640, lying 7th on the merit list. Well done Nathan!
Garry Taylor waxed lyrical about the Carols at the Rotunda on December 10.....'all hands on deck'. In the meantime, everyone needs to pray for good weather!
President John relayed his presented book of "School of Hope" to Rachel.
Finale
Valerie won the filthy lucre (some compensation for her damaged toe at Calperum) and serial winner Christina the chocolates. The Prez finished with a joke that confused genitals with blue and pink booties.
The meeting finished in a timely fashion at 7.51pm
Advert from RC Hyde Park...wine and more wine $125 for a dozen....2019 Shiraz vintage
In aid of Shelter Box
Tasting notes are:
"Made from Shiraz grapes at Greenock Creek, S.A. and bottled in 2023, this wine has a medium to full body with a long palate length and delicious black cherry, dark fruits and plumb aromas.
Very smooth drinking and perfect with game and roasted meats. Medium cellaring will enhance this wine."
Please call Sandy Matz 0414 747 657 of 53 Park Street Hyde Park or email smhydepark@gmail.com
Payment through Peter Griffiths BSB 015208 a/c 3348855886. Email griffithspandr@bigond.com or cash or cheque
Rotary International News
Hunger walk draws attention to climate change, food insecurity
By Pragya Karki and Prince Shah, Rotaract Club of Kathmandu, Nepal
Rotary members, Rotaractors, celebrities, and members of the community carry signs during the hunger walk in Kathmandu.
Early on a Saturday morning, as the sun cast a warm glow over the gathering crowd, we marveled at the diversity of those assembled for the first event of our FutureFeed campaign. The event was an awareness walkathon organized to advocate for climate justice and food security in collaboration with the World Wildlife Fund of Nepal and Save the Children Nepal. We wanted to host a fun event that would both convey the urgency of climate change and food insecurity and engage a wide audience.
When many people think about climate change, they often think only of temperature shifts, overlooking other impacts such as rising food insecurity. Climate change disrupts agricultural patterns, leading to crop failures and food shortages. That exacerbates poverty and inequality and leaves vulnerable communities even more defenseless against hunger.
Food insecurity is not just about lack of food, but also about not getting the necessary calories. In urban areas, due to disrupted agricultural patterns, people rely heavily on junk food and contaminated produce containing pesticides and insecticides, failing to meet their calorie needs. In major cities of Nepal, families – particularly those with children in their developmental stages – often avoid market-available produce due to fear of toxins.
Recognizing these issues, we organized an engaging and interactive walk to educate the community and urge action. On a weekend when people could have chosen to sleep in, many woke up at 7 a.m., demonstrating their profound sense of responsibility for addressing these two issues.
The rhythmic beating of traditional musical instruments echoed in the air, harmonizing with loud slogans chanted by the walkers. People carried artistic banners demanding climate justice and food security. The slogans were soon echoed by passerby, creating a powerful chorus.A total of 510 people from diverse backgrounds – young and old, celebrities, ordinary citizens, and individuals of various ethnicities – came together for our Hunger Walk. Watching the event unfold, we were deeply moved by the genuine empathy and unity displayed by the participants. It wasn’t just a walk; it was a collective journey towards a brighter, more sustainable future.
What struck me most was how the event bridged the gap between celebrities, environmental activists, the National Human Rights Commission Team, Rotarians, influencers, representatives from international organizations like WWF Nepal and Save the Children Nepal, and members of the Wheelchair National Cricket Team. Everyone walked side by side, sharing stories and experiences. Conversations continued long after the event ended. Individuals openly shared their personal experiences with each other. Social media platforms buzzed with posts about the issues and the walk. Local news outlets carried the story, amplifying our message further.
The inclusivity and diversity of our walk didn’t just make for a successful event, it ignited a movement.
Change begins with a single step, but it gains momentum when those steps are taken in unison. The Hunger Walk was more than just a walk; it was a leap towards a future where the effects of climate change are minimized, no one goes to bed hungry or relies on tainted food, and every individual – regardless of background – contributes to creating a more sustainable society.
The walk was just the beginning of our FutureFeed campaign, a dedicated effort to advocate for climate justice and food security. Stay tuned for more impactful activities as we continue our journey toward a more sustainable and equitable future!
‘FutureFeed Nepal’ is a dynamic and transformative environmental campaign initiated jointly by the Rotaract Club of Kathmandu and Rotary Club of Kathmandu, in partnership with WWF and Save the Children.
Coffee Chat at Impressa, Unley Shopping Centre
10.30 am on the first Friday of the month is good for a chat with Rotary friends and a caffeine fix - Next one is this Friday 3 November 2023
Upcoming Meetings
Tuesday 7 November 6 for 6.30pm Castello’s Cucina
Event - Strategic Plan consultations
Greetings Team: Jerry Casburn & Chris Davis
Tuesday 14 November 6 for 6.30pm Castello’s Cucina
Event - Visit of the District Governor - Craig Dowling
Greetings Team: Paul Duke & Ken Haines
Apologies and Meeting Enquiries to: Secretary Greg McLeod on 0417 811 838 or email to secretary@unleyrotary.org.au
Venue Set-up Enquiries to: Bulletin Editor Stephen Baker on 0403 687 015
Saturday Thrift Shop Roster
Early Shift: 10.00am to 1.00pm Late Shift: 1.00pm to 4.00pm
Week 1: 4 November 2023
Early: Jerry Casburn & Paul Duke (Haydn Baillie) | Late: Rachel Randall (Robyn Carnachan) & Leonie Kewen
Early: David Middleton & Nathan White | Late: Vera Holt & (Rhonda Hoare)
Week 4: 28 October 2023
Early: Stephen Baker & Judi Corcoran | Late: Jason Booth & Vera-Ann Stacy
Week 5:
Early: Bob Mullins & Wendy Andrews | Late: Virginia Cossid & Paul Duke
Rotarians, who are unable to attend as rostered, please arrange a swap or as a very last resort contact: Vivienne Wood 0408 819 630; e-mail: vwood@ozemail.com.au
Mitre 10 and Bunnings Barbeques
The Mitre 10 BBQs are the first and third Saturdays of each month. Morning shift 8.30am - 12 noon; afternoon shift 12.00 - 3.30pm, then clean-up.....next one is Saturday 4 November 2023.
ALL the Bunnings Mile End Barbeque shifts are from 8am to 5pm
We have been allocated the last Monday of each month.....next one is a special treat on Sunday 19 November followed by the regular on Monday 27 November 2023.
The Tale End.....
The Irish have been subject to much unwarranted humor........so here we go again.....and again.
