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australia-2019-election-results

2019 Australian Election Results

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australia-2019-election-results

By Ruby Prosser Scully

Some politicians and commentators have called for opinion polls to be scrapped following prime minister Scott Morrison’s shock win in the Australian federal election – the latest in a string of perceived polling failures in recent history.

For two years, polls put the left-leaning Labor party ahead of the more conservative Coalition. While the gap progressively shrank in the six months ahead of the election, the figures were consistently in favour of a Labor win. Of the 16 polls held since the election was called last month, all went in favour of the Labor party when responders were asked to pick from the leading two parties.

On the eve of the election, four key opinion polls had Bill Shorten’s Labor at a 51-49 over Morrison’s Coalition. Exit polls and betting sites also got it wrong, with Sportsbet set to pay out more at least A$5.21 million.

As the picture of a Coalition victory began to emerge on Saturday evening, ABC’s election analyst Antony Green called it “a bit of a spectacular failure of opinion polling”. Other politicians and commentators have since joined in the criticism.

Kevin Bonham, an independent analyst from Tasmania says this was worse than the failure to predict Donald Trump’s US election win in 2016. There, pollsters accurately predicted Hillary Clinton winning the popular vote, but failed to properly poll key local areas that were assumed to be safe Democrat and instead swung to Trump.

A single poll can be wrong by two or three per cent because of random sample error, but Bonham says it is suspicious that all the polling firms were repeatedly getting similar, incorrect results. “It’s vastly improbable that would happen by random chance,” he says.

Instead, he suggests that polling companies might have engaged in statistical smoothing, or herding, of the figures because they want to avoid being embarrassed by having a different result to others. He cited one example in Australia where a polling group broke with its competitors and called the wrong election result, which caused them to  lose their contract.

Nevertheless, Bonham says the idea that polls are getting worse worldwide isn’t borne out by the research. Australia has typically had “very accurate” national polling, he says. That may be because voting is compulsory – if pollsters don’t have to try to anticipate who’s going to vote, they can just focus on how they are voting.

This isn’t straightforward though. Shaun Ratcliffe at the University of Sydney says one of the difficulties with accurate polling is that it is increasingly difficult to get people to respond to opinion polls. Fewer houses have landlines, especially among certain demographics such as young people, and mobile phones make it easier for people to screen calls, he says.

Ratcliffe also believes that an overlooked problem is accurately polling people who speak a language other than English at home, which accounts for about one in six Australian citizens.

Despite this, he says opinion polls are getting more accurate in Australia. “It’s a bit like an arms race”, he says – ss demographics change and technology shifts, pollsters must update their methodologies.

“I think it’s easy to overact to one bad result, but we have to remember that there’s a common factor with all of the high-profile misses – they were all very close elections,” says Ratcliffe, pointing to the UK 52 to 48 per cent result in favour of Brexit, which also came as a polling shock in 2016. It seems that whenever there is a highly-polarised vote, pollsters will have to cross their fingers.


Last-Will-&-Testament

The Importance of Making a Will

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  1. If a person wants their estate to be distributed in a particular way upon their death, a will is essential.
  2. Making a Will can save your loved ones a large amount of money and stress.
  3. It often gets overlooked. It sometimes gets forgotten. The majority of the time it gets placed in the too hard basket. However, in reality, with the assistance of an experienced solicitor, making a Will is a simple, stress- free, and cost effective process.
  4. When you write a Will, you appoint an executor who will oversee the processes of distributing your estate in accordance with your wishes.
  5. There is also room in a Will to exclude family members who you do not want to have access to your assets.  However, the law does protect certain people who have been dependent on you and will suffer hardship as a result of being left out of your will.  In such situations a Family Provision Application (FPA) can be made under the Succession Act 1981 (Qld) for those who wish to contest your will.  Family Provision Applications are limited to certain people i.e. your surviving spouse or de facto; your children (includes stepchildren and adopted children) and a dependent (includes any person who was being wholly or substantially maintained or supported by you i.e. parent).  If your will involves the prospect of leaving out any of these people you should seek further advice in its preparation.
  6. If a will is not made, the estate will be distributed according to the intestacy rules contained in the Succession Act 1981 (Qld).  The rules ensure a distribution of property, in certain proportions, to the relatives of the deceased person.  Friends or charities do not receive property under the intestacy rules.  So, if a person wants friends or organisations to receive property after their death, or wants relatives to receive certain amounts of property, a will must be made. 
  7. Where a person dies leaving no will and no next of kin, property of the deceased passes to the Crown (government) as un-owned property.
  8. When a will is drawn up, great care must be taken that all formal requirements have been observed in the will and that it is clear.  Any challenge to the validity or interpretation of a will involves court action that may be expensive, delay distribution of the estate and cause hardship to the beneficiaries in the meantime.  Nevertheless, employing a solicitor with legal knowledge to draw up a will is a safeguard.

When should you change your Will?

  1. It is important to update your will every 5 years to ensure that it still reflects your current wishes.
  2. If you get married, divorced or separate from your partner
  3. If you enter into a de facto relationship
  4. If you have a new child
  5. If your executor or beneficiary dies
  6. If a specific gift you made to a beneficiary no longer exists i.e. car, house 
  7. If your financial circumstances change i.e. substantial increase or decrease in the value of your estate
  8. If your children reach the age of 18 years 

PEXA (Property Exchange Australia) is Australia’s online property exchange network

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Whether it is time to sell your property or you have chosen to enter into a contract to purchase, you need to consider performing settlement via PEXA.

What is PEXA and E-Conveyancing?

Property Exchange Australia (PEXA) was developed to replace the need for manual property settlement transactions. PEXA enables Lawyers, Conveyancers and Financial Institutions to create an electronic workspace allowing all parties to perform settlement and lodge all documents for title registration.

Benefits of settling via PEXA include:

Greater Certainty:

Manual processing is prone to error which may result in delays or additional costs to rectify.

PEXA platform regularly checks settlement documents to minimise errors and brings greater certainty of a successful settlement and title lodgement in real time.

Clear Funds:

Manual settlements are effected by way of bank cheques which take up to 3-5 days to deposit and clear.

PEXA platform allows funds from settlement to be transferred in real time as cleared funds, which allows clients, agents, legal practitioners and financial institutions to access clear funds in their nominated accounts.

Less Inconvenience:

Manual settlements are not just performed by the ‘old school’ method of bank cheques, they are also performed by using documents requiring your execution and these documents are required to be witnessed by a qualified witness, which may cause you inconvenience in your busy day to day life. This can also incur additional expenses in postage.

PEXA allows your appointed Lawyer to execute the relevant Land Title documents electronically.

On-time Settlement:

Many reasons may cause delays in manual settlements or incorrectly prepared documents.

PEXA regularly checks documents up until the workspace is locked, minimising errors and delays. This gives certainty that settlement will occur as scheduled, allowing buyers to take possession of their new property much sooner.

Title Lodgement:

Following a manual settlement being performed, either financial institutions taking security of new property or the buyers Lawyer will collect title documents and attend to registration. This may take days or sometimes weeks following settlement to lodge.

PEXA transfers ownership of a property immediately following settlement and the time for settlement and title lodgement as a whole takes up to 20 minutes.

Bank Cheques:

This would have to be the most beneficial point to PEXA, eliminating the need for bank cheques ensuring all parties are transferring and accessing cleared funds.

PEXA has also introduced SettleMe, an extension which allows you, the client to track your settlement online, view up-to-date checklists of any tasks and receive instant notifications.

Call us today about PEXA and SettleMe.


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