Home' The Channel Magazine : November-December 2011 Contents National Newsagent November /December 2011
successful completion of her traineeship,
a permanent position at the ANF and a
further desire to continue her studies with
the completion of a Newsagency Specific
Certificate IV in Retail Management
and successful completion of conflict
The judging panel was selected from
a number of different industries and
• 2011 Trainee of the Year Business
• Overall Trainee of the Year 2011
NO EFTPOS INTERCHANGE
FEE PRICE INCREASE FOR
ANF MEMBERS WITH
Suncorp has advised the ANF that they
will not be passing on the new increased
EFTPOS interchange pricing for the
time being. They foresee their pricing
remaining the same until the New Year at
Suncorp will be incurring these extra
charges but have made a commitment not
to pass these onto small businesses at
ST GEORGE EFTPOS PRICE
The ANF was shocked to receive news
of an increase to St George Bank EFTPOS
rates within six days of sending out the
new rates to members.
Newsagents are advised to review EFTPOS
and merchant facilities and look at the
option of partnering with a bank who
has not passed on increased fees to the
The ANF has advised St George that
without any remedy to this situation the
ANF cannot and will not in any good
conscience continue to promote St George
as one of our preferred banking partners.
The ANF will commence to look for
an additional banking partner by
leveraging our relationship with the State
Associations as we continue to work
together building stronger ties.
TLC LOYALTY CARD
As The Lucky Charm Group (TLC)
continues to promote their innovative new
loyalty card, MD Mike Kentros reports that
it is proving to be very successful.
“ On the first week of Woman’s Day and
OK! weekly promotion many customers
continued to purchase the combo after
Wednesday, which does not usually occur
with weekly titles.”
• 22% of combo sales occurred Thursday
• 13 customers made the combo
purchase after Wednesday vs nil the
• Overall increase from the previous week
Kentros says that stores are noticing
higher spend per customer and shopping
AUSTRALIAN TO CHARGE
$2.95 FOR ONLINE
News Ltd will soon charge readers of
The Australian $2.95 a week to view all
content on its website and mobile phone
and tablet applications, as the country’s
largest newspaper publisher experiments
with alternative sources of revenue in the
face of falling advertising receipts.
It will be the first paywall for a general
newspaper in Australia, an experiment
that has achieved mixed success overseas
by newspapers and magazines including
The New York Times, the Financial Times
and The Economist.
It will follow the approach of News
Corp stablemate The Wall Street Journal.
Some stories will be able to be read for
free while others will need a subscription
to be read, most likely to be its analysis
and specialised sections.
That approach is aimed at retaining
enough readers to keep its digital
advertising revenue, while establishing a
separate source of funding less buffeted
by variations in the advertising market.
News Ltd confirmed that a digital
pass for the website, apps and a mobile
site would be $2.95 a week, $4.50 for
digital plus a Saturday paper subscription
and $7.95 for a weekly print and digital
Existing print subscribers would get
free digital access.
Source: Tim Dick (SMH 18 Oct)
RESERVE BANKS MEETS WITH ANF
The Reserve Bank of Australia has contacted the ANF seeking
“ to establish a dialogue” in regards to developments that occur in
the newsagency channel.
The Reserve Bank has an ongoing commercial liaison with many
major Australian companies and organisations, and the ANF
is proud to be included in this process, representing all ANF
members and our allied state associations.
The process in conducted not only to keep the Reserve Bank in
the loop about what is occurring across Australian industries,
but also assists the Bank in preparing the regular economic
assessments that support their monetary policy decision-
making process. While the Reserve Bank studies official data, by
meeting with business people it can obtain a more direct sense of
business condition developments as they occur.
The Reserve Bank and the ANF will meet approximately every six
Thomas Jefferson warned 200 years
ago that banks are more dangerous than
standing armies, and that if allowed to
control the issue of currency they will
“deprive the people of all property until
their children wake up homeless”.
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