News & Events

Digest - Monday the 20th of August 2018

Welcome to the August NAS News Digest. In this edition I report on Maddy's English Channel Swim and our associated Pancare Fundraising efforts, report on our successful stand at the recent Security Exhibition in Melbourne. Key supplier news and links to numerous industry and technology news articles are also provided.

Thank you for taking the time to read the digest.

Best regards,

John Kimbell

English Channel Swim Completed - over $27,000 raised for Pancare

The 2018 Swimming for Oma Team (L to R) Geoff Dargie, Reid Lee, Maddy Kimbell, John Kimbell, Niki Kimbell

I am proud to report that Maddy successfully completed her English Channel Solo Crossing on the 20th of July at 7:26pm in a time of 14 hours, 34 minutes and 10 seconds covering 53.3 km.  The conditions were kind to Maddy on the day but the effort required to successfully cross the channel was Herculean. Maddy did not complain once during the swim and completed all 30 minute feed intervals at approximately 20 seconds each. To say that I am a proud father would be an understatement.

Should you be interested in the course taken on the day, please click Opens external link in new windowhere to visit the channel swimming association record of the swim.

A short video has also been put together charting some of the prep in the UK preceding the swim and capturing some of the action on the day.  The video can be accessed by clicking Opens external link in new windowhere.

The overarching goal of the swim was to raise much needed funds for, and increase awareness of the Pancare Foundation; in the memory of Maddy's Oma, Marianne Dargie.   As at the time of writing this digest Maddy has raised, with the support of many, $27,240.08. 

On behalf of the NAS Team I would like to take this opportunity to thank everyone who purchased tickets in our 'Swimming for Oma' raffle.  I am delighted to report that we sold 1,248 tickets raising $6,240 for the Pancare Foundation in the process.  In addition to the $6,240 raised through the raffle I am delighted to announce that NAS associated suppliers, staff and customers contributed another $10,309.65 to the cause.

The list of NAS suppliers who donated raffle prizes, money or both include:

WAMA, Novonde, Risco, GME, Krix, Leader, Sanus, Altech UEC, Humax, Grove Communications, Blustream, Bitek Pty Ltd, Jonsa, GTS Australia, Burrell Stockbroking and Superannuation, Shout Graphics, FC Digital, Amplify Brand Communications, Hunter Promotional Products & Uniforms and Kramer.

Thanks again one all for your support - it is very much appreciated.

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WAMA and Risco Showcased at the Security Exhibition & Conference in Melbourne

From the 25th - 27th of July NAS Australia hosted staff from WAMA and Risco on our stand at the Security Exhibition & Conference in Melbourne.

(L to R) - Wallace MA (CEO WAMA), David Dargie, Aaron Obrist and Tim Prag (NAS Security Division Representatives)

Risco Report (Tim Prag - National Sales Manager – Security @ NAS Australia)

Between the 25th and 27th May, NAS Australia showcased RISCO Group's intrusion solutions at the ASIAL 2018 Security Exhibition Centre in Melbourne. The range covered the Agility 3 wireless intrusion system, the LightSYS 50 Zone and ProSYS Plus 512 zone hybrid control panels, all of which offer cloud connectivity with visuals, for use with the self-monitored iRisco smart phone application and back to base monitored integrated solution. New intrusion products like the Panda Keypad, already available in wired and soon to be available in wireless, along with the external wireless Beyond Dual Technology detector, complete with camera and solar panel were star attractions to passing installers and integrators.

The RISCO VUPoint CCTV offered an array of cameras, ranging from PoE Dome and Turrets to Wi Fi Bullet and Cube cameras, each offering video integration at cloud level, into the RISCO alarm panels. The main attraction was how the RISCO VUPoint IP PoE cameras seamlessly integrated into the WAMA 8 Channel NVR, offering a cost-effective integrated CCTV & intrusion system.

Also on show was RISCO’s smart Home Gateway, offering connectivity to the cloud services and controlling third party Z wave devices for lighting, door locks and air conditioning control, this gave an all in one, cost effective intrusion, CCTV and smart home system, controlled form a single smart phone application. The release date of the smart Home gateway is expected to be in early 2019.

With the launch of the version 5 RISCO installer cloud later in the year, integrating these solutions for an installer, couldn’t be easier.

The 2018 ASIAL security show was a great success for NAS Australia and we look forward to supporting our customer base in the future.

WAMA Report (Wallace MA - WAMA CEO)

From 25 - 27 July 2018, WAMA and its distributor, NAS Australia, successfully showcased the latest video surveillance technologies at the Security and Conference 2018. Organized by the Australian Security Industry Association Limited (ASIAL) and Diversified Communications Australia, the exhibition is the largest and most established annual event for the security industry in Australia.

During the 3-day event, thousands of security professionals from different regions of Australia attended the exhibition at Melbourne Exhibition Centre. At the WAMA booth, a range of latest CCTV products and technologies were displayed, including the 12MP H.265 fisheye camera, 4K H.265 intelligent IP cameras, 4K NVRs as well as artificial intelligence technologies. Demonstrations of WAMA solutions being seamlessly integrated with the RISCO alarm systems were also performed. The booth attracted the attention of many security integrators and installers, and they were mostly impressed with the technologies and business values that WAMA presented.

“The recent ASIAL exhibition was very successful for us. Not only did we get to launch our new WAMA brand to the premier security audience in Australia, but also to demonstrate how easily we can integrate WAMA and RISCO to add value to both systems. Visitors were very impressed.” said Mr. David Dargie, Product Director of NAS Australia.
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Attention All Security Installers - Turn The Tables On Your Competition

Be different

Your CCTV business depends on reliable sales margins, efficient installation and timely service.  You'll want a supply partner who's there when you need it.  Insist on quality because your reputation's at stake, and demand support because it needs to be right the first time.  Be different, quote WAMA.

Don't be 'chased to the bottom'

The cheapest option is rarely the best deal.  It's hard to cut through when everybody offers the same thing.  Clients always shop around, it's what they do.  So don't make it easy for them.  Sell them products the web shops don't.  Be different, sell WAMA.  Competitively priced; trade protected.

Our pricing policy and how it benefits you and your business

The volume of IP CCTV sales increase year on year as price wars escalate.  That only benefits the major manufacturers, and leaves resellers out in the cold, as stock holdings devalue and customer quotations date quickly.  Online sales, OEMs and grey imports.  It's all too hard!
WAMA is different.  We take a trade-only approach to sales, giving installers certainty and customers support.  What's not to love?

Contact our NAS Security Experts Tim Prag or Aaron Obrist today to discuss how WAMA can help you.

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Three NAS Team Members Pass Ubiquiti Training

NAS Team Members Rhys Burns, Trong Nguyen and Lyndon Pearson recently attended a four day Ubiquiti training session and are now Ubiquiti Enterprise Wireless Administration (UEWA) and Ubiquiti Broadband Wireless Administration (UBWA) Certified.  I would like to take this opportunity to congratulate the boys on passing the exams and obtaining their certification.  This commitment to external product training will ensure that NAS is able to continue to offer market leading customer support.

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NAS Supply Partner Kramer Wins Multiple Awards at InfoComm 2018

NAS Supply Partner Kramer won multiple awards at InfoComm 2018.  InfoComm is the USA equivalent show to Integrate in Australia.

 

Please see below summary of three of the award winning Kramer products, all of which are available through NAS Australia.  More information on all award winning products can be found on the Kramer Website: Opens external link in new windowhttps://www.kramerav.com/au/

CA-HM active copper HDMI cables

The CA-HM active copper HDMI cables won the prestigious Integrators Award.  They are competitively priced for long lengths (up to 30m) and are available at NAS.  More information on the range can be accessed Opens external link in new windowhere.

PT-871/2-Kit

The PT-871/2-Kit is the Kramer proprietary "DGKat" HDMI over Catx solution (4K@60 4:4:4 up to 40m) won the Sound & Video Contractor Best of Show 2018 Award.   More information on the PT-871/2-Kit can be accessed Opens external link in new windowhere.

Kramer BRAINware

Kramer BRAINware won the AV Technology Best of Show 2018 Award.  The software turns the Kramer KT-107 touch panel into a room controller and programming interface in one.  If everything in the room is controlled by IP, then there's no need for the "SL" series brains.  More information on the Kramer BRAINware can be accessed Opens external link in new windowhere.

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News Articles

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FTA TV

Italy to switch from MPEG-2 to MPEG-4

"Italy will switch from the MPEG-2 coding in favour of MPEG-4 on the DVB-T standard from January 1st 2020."

"This decision is included in the schedule for the release of the 700 MHz band, published by the Ministry of Economic Development."

"The rationale for the adoption of the MPEG-4 format is to enable more efficient use of the spectrum in the transitional period. According to the Ministry, trials conducted in the last two years have demonstrated the validity of the format."

"However, the use of the MPEG-4 AVC format, also known as H264, will mean that an estimated 10 million TV sets and digital boxes that are not compatible will have to be replaced. For their part, DTT network operators will need to update the multiplexes to allow the transmission of MPEG-4 content."  The complete article can be accessed Opens external link in new windowhere.

Nine Inks National Basketball League Deal For Broadcast, Online And More

"Nine has made a deal with the National Basketball League, giving them rights to broadcast games both on free-to-air and digital channels, as well as a cut of profits in exchange for managing sponsorship and ad sales."

"As of October 11, 9GO! will screen two games per round. 9Now, Nine’s broadcast video on demand (BVOD) platform will have live simulcast rights for the 9GO! games and will offer every game on a catch-up service for seven days after being aired, no matter which network has the live broadcast rights."

"Fox and the NBL are in the final stages of making a deal for the remaining matches to be run on Fox Sports."

"The deal is about more than just broadcasting rights as Nine will act as the marketing arm for the sport as a part of a revenue sharing agreement. This deal mirrors one that Nine had made with Netball Australia in 2016, giving the network the responsibility of securing sponsorship and selling advertising spots during the game."

"Nine’s director of sport, Tom Malone, commented on the arrangement, saying “Larry [Kestelman] and his team have recognised the importance of free-to-air as a platform to grow the sport and the way the deal has been structured up front."

“It’s one of the first times that we’ve placed the value against the spectrum of a free-to-air broadcaster in lieu of a rights or production requirement on Nine."

“This is another innovation in sports rights in terms of how we’ve structured the relationship and also there’s probably – without getting into the finer details – there’s some things in there in terms of the commercial partnerships between Nine and basketball that make it a stronger alignment and an evolution of the agreement we have with netball.”  The complete article can be accessed Opens external link in new windowhere.

If sports broadcasts lose so much, why does TV keep bidding up the rights?

"In the Darwinian world of sport, if players kept racking up heavy losses the way sports broadcasts do they'd be moved on pretty quickly."

"Retired, traded, whatever, a new game plan would be drawn up."

"TV can be a brutal game, but where big ticket sport is concerned it is fairly forgiving."

"These "losers" maintain their spots at the top of programming schedules year after year."

"The bottom line statistic of whether sport broadcasts make money or not appears to be less important than the more nebulous, unmeasurable idea of the cachet they bring to the razzle-dazzle world of TV."

"Will anyone win?"

"The Nine Network was immediately cast as the big loser in Cricket Australia switching allegiances to Foxtel and Seven."

"After 40 years Nine was finally out, trudging dolefully back to the pavilion and thinking about re-tooling its game for tennis."

"Over at Seven, bringing cricketers in to replace the departing tennis players has been seen as one of TV's great recruiting coups."

"Seven desperately needed a summer sport, having lost its 40-year-old Australian tennis franchise to Nine."

"Just who will come out of the swap on top won't be known for years. Maybe neither given the current dire situation in TV."

"Free-to-air (FTA) TV is fuelled by advertising dollars and the giant global digital players — such as Google and Facebook — are draining the limited Australian advertising pool at an alarming rate."

"The big investment bank Morgan Stanley says this trend won't change and traditional media is becoming increasingly irrelevant to investors, who are looking for growth in the likes of internet plays such as Seek, REA and Carsales." The complete article with lots more analysis can be accessed Opens external link in new windowhere.

The internet is finally going to be bigger than TV worldwide

"Next year, for the first time, we’ll spend more time using the internet than watching TV."

"People will spend an average of 170.6 minutes a day, or nearly three hours, using the internet for things like shopping, browsing social media, chatting with friends, and streaming music and video in 2019, a recent report by media agency Zenith estimated. That’s a tad more than the 170.3 minutes they’re expected to spend watching TV."

"Zenith measured media by how they are transmitted or distributed, such as broadcasts via TV signals and newspapers in print. Watching videos on the web through platforms like Netflix and YouTube, or reading a newspaper’s website, counted as internet consumption."

"TV has been losing its hold on audiences since platforms like Netflix and YouTube made it easy to watch video online—including the programming you find on traditional TV. And internet usage has been soaring, aided by increasingly affordable mobile devices that give people access to the web for all their waking hours." The complete article can be accessed Opens external link in new windowhere.

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Pay TV

Foxtel announce cricket will be broadcast in 4K resolution

"CRICKET fans will be able to watch their sport like they’ve never seen it before this summer following the announcement of an Australian television first."

"Foxtel revealed on Tuesday that it will broadcast the Australian summer of cricket in 4K resolution."

"Subscribers will be able to watch in 4K men’s ODIs and T20 matches, and every men’s Test match in Australia, as well as a number of Big Bash League matches."

"Cricket has been selected as the main sport to be offered in 4K, with the coverage growing to other sports in the near future."

"Foxtel in 4K will launch in October, in time for the men’s cricket season which starts with an ODI against South Africa on November 4."

"CEO Patrick Delany promised subscribers on Tuesday that Foxtel is committed to expanding its 4K coverage to include a wide range of sports and entertainment programming." The complete article can be accessed Opens external link in new windowhere.

Foxtel taking the fight to free-to-air with plans for 4K footy

"When Australia goes in to bat against South Africa in November it will mark a new era of Ultra HD live broadcasts, but Foxtel is already looking to the AFL as it hammers home its advantage over the nation's free-to-air broadcasters."

"The Ultra HD push comes as the pay TV giant continues to shift customers across from Telstra's metropolitan HFC cables to Optus' nationwide satellite service, as the cable networks are rolled into the NBN."

"Foxtel's access to the cable networks ends in 2023 and the majority of customers are already connected via satellite but, in an effort to fast-track this migration, its new Ultra HD broadcasts are only available to satellite customers."  The complete article can be accessed Opens external link in new windowhere.

Amazon has TV networks in its sights as it pushes into Premier League

"A generation ago, Sky, then an upstart satellite broadcaster, outbid rivals for the rights to televise the English Premier League. The deal revolutionised the fortunes of the Rupert Murdoch-backed TV service and helped turn the soccer league into one of the world's most watched — and lucrative — in sports."

"Another transformation now appears to be underway. Amazon, which is increasingly pushing beyond its e-commerce origins, on Thursday won rights to broadcast Premier League games in Britain for the first time."

"It marks the first foray by a US tech giant into Europe's most lucrative sports league."

"The deal highlights the seismic shifts happening in sports and television entertainment as deep-pocketed digital giants compete with traditional broadcasters. The fierce battle between Silicon Valley companies and historically dominant studios and broadcasters has now extended from developing new scripted shows to broadcasting live sports." The complete article can be accessed Opens external link in new windowhere.

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Security

Analogue Alarm Panels Are Doomed to Die

"SMART Home systems, incorporating automation and security functionalities are continuing to grow at furious speed, with interest from big IT and technology players, as well as the insurance industry, adding heat to a sector already on fire. And the word on the street is that traditional alarm panels are running out of time."

"THERE was a lot of talk at SecTech Roadshow about the future of alarm monitoring. Would the traditional alarm panel die out? Yes, was the reply. It’s going to be taken over by home automation, by smart homes, by cloud-based solutions, by direct-connect devices management by smart phones. It’s over for alarm panels and hard-wired security devices, the beating heart of the modern security system is a router."

"But exactly how traditional security will die and what exactly will replace it remains in doubt. It’s partly because whatever comes after the traditional alarm panel is not going to be anything like the traditional alarm panel – not just in terms of potential functionality, but in terms of the business model that drives it. Installers and end users are going to shift from closed notions of monitoring to open ecosystems that are devoid of lateral constraint." The complete article can be accessed Opens external link in new windowhere.

Global Electronic Security Market to Exceed $60B by 2024

"THE global electronic security market, including intrusion detection, access control and CCTV is growing about 10 per cent annually and forecast to exceed $US60 billion by 2024, according to a new report by market research and strategy consulting firm Global, Market Insights."

"Public-sector applications are the largest revenue-generating segment globally, according to the report. Various government bodies are making use of advanced solutions for surveillance and criminal detection applications."

"For example, in September 2017 a police department in Arkansas was reported to be using drones for highly specialized missions such as the tracking of a suspect or obtaining an inside view and additional information in a hostage situation."

"The North America electronic security market is projected to continue dominating the global business landscape, owing to the government initiatives to integrate these electronic security systems into their public safety segment." The article can be accessed Opens external link in new windowhere.

U.S. President signs government ban on Hikvision and Dahua video surveillance

"The U.S. Congress has voted on, and the President has signed, a ban on government uses of video surveillance equipment produced by two of the world’s top manufacturers – Hikvision and Dahua. The provision is buried in the National Defense Authorization Act (NDAA) for fiscal year 2019, which passed the U.S. House of Representatives on July 26 and the Senate on August 1. The President signed the NDAA into law on August 13. The provision was originally introduced as an amendment to the House version of the bill but was not included in the Senate version."

"However, the provision survived in the final version, negotiated by a conference committee and passed by both houses. The President had previously voiced support for the bill, which authorises U.S. military spending, and signed it into law two weeks later."  The complete article can be accessed Opens external link in new windowhere.

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Technology

Telstra draws first blood in battle for 5G

"TELSTRA has switched on 5G technology across parts of the Gold Coast as it takes an exciting step towards a new mobile experience."

"TELSTRA has drawn first blood in the battle between Aussie telcos to roll out the next generation of mobile technology."

"The company announced today it had switched on 5G technology across selected areas of the Gold Coast, making it one of the first in the world to do so."

"Telstra CEO Andy Penn said the company plans to have more than 200 5G-capable sites up and running around the country by the end of 2018." The complete article can be accessed Opens external link in new windowhere.

Breakthrough device holds promise to ‘turbo-charge internet speeds’

"AUSSIE researchers behind a world-first breakthrough say it could be used to help turbocharge internet speeds around the globe."

"A NEWLY developed ultra-thin device that can change the colour of light and turn invisible light into visible light has been developed by Australian researchers in a breakthrough that promises internet boosting applications."

"Researchers at the Australian National University (ANU) behind the invention, say it could one day be used to help turbo-charge internet speeds around the world."

"The device is a new type of nonlinear photonic crystal, as thin as a human hair, and represents a major advance in the field."

"Photonic crystals are essentially an analog of semiconductors for light waves, and are materials which provide novel and unique ways to control many aspects of electromagnetic radiation."

"Co-researcher Dr Yan Sheng, from ANU, said the research team conducted numerous experiments by using ultra short laser pulses to change the internal structure of a nonlinear crystal."  The complete article can be accessed Opens external link in new windowhere.

Best Buy, Monster HDMI Cables Class Action Settlement

"A settlement has been reached in a class action lawsuit alleging Monster Inc., Best Buy Stores LP, and BestBuy.com LLC falsely advertised Monster HDMI Cables by tricking consumers into thinking they needed a more expensive type of product."

"If you bought a Monster HDMI Cable between Aug. 25, 2011 and March 6, 2018, you could get $10 to $35 in cash or store credit from the Best Buy class action settlement."

"Lead plaintiffs alleged in their Monster, Best Buy class action lawsuit that consumers were deceived by the product packaging on Monster HDMI Cables and were duped into spending money on a more powerful HDMI cord than necessary for their high-def TVs."

"The Monster HDMI Cables at issue in the class action lawsuit include the Advanced High Speed, Ultimate High Speed, and Ultra High Speed." The complete article can be accessed Opens external link in new windowhere.

A Casino's Database Was Hacked Through A Smart Fish Tank Thermometer

"A cybersecurity executive has revealed that hackers used an Internet of Things (IoT) connected fish tank thermostat to gain access to a casino's high-roller database. Darktrace CEO Nicole Eagan told the story to an audience in London last week."

"'The attackers used that to get a foothold in the network,' she explained. 'They then found the high-roller database and then pulled that back across the network, out the thermostat, and up to the cloud.' The incident raises awareness about the security of IoT objects."  The complete article can be accessed Opens external link in new windowhere.

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Retail

Other retailers are suffering, so how is JB Hi-Fi still making a motza?

"WHILE competitors are struggling, JB has posted record earnings. Insiders say it has the special sauce needed to beat Amazon."

"JB HI-FI chief executive Richard Murray can be forgiven for being pleased with himself today. At a time when retailers, from Toys R Us to Dick Smith, seem to be falling over themselves to fail, JB has just seen its full-year net profit rise to $233.2 million on the back of strong sales of headphones, TVs and drones."

"But it was a chart buried in its results presentation, lodged to the Australian Stock Exchange today, that tells the most interesting story."

"JB Hi-FI is now the world’s seventh largest electronics chain. An extraordinary rise to global fame for a shop that began life in suburban northwest Melbourne and still only has stores in Australia and New Zealand." The complete article can be accessed Opens external link in new windowhere.

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Economy

Plan to expand Sydney to 10 million people will save us all time and money, new report claims

"TRAVEL times could be massively slashed and houses could be much cheaper under a radical new plan to link our cities."

"IF SYDNEY were to merge with Newcastle, Wollongong and the Central Coast to become a mega city of 10 million people, it could change the way we live forever."

"This is the bold claim put forward by an independent think tank, which says the “mega region” linked together by fast rail would lead to 40,000 new homes, $75 billion of housing affordability improvements, 10,000 new jobs and a massive reduction in our commutes to and from work."

"Dubbing the enormous area the “Sandstone” region, experts at the Committee for Sydney say we wouldn’t even need a massively expensive high-speed rail to complete the game-changing plan."  The complete article can be accessed Opens external link in new windowhere.

Brisbane Leading the Nation in Property Performance Indicators, But Boom Talk Premature

"New research from property data firm CoreLogic has indicated that Brisbane is leading the nation on most property performance indicators, but some experts are curbing talk of a imminent property boom in the Sunshine State."

"According to the CoreLogic Daily Home Value Index, Brisbane recorded a 1.2 per cent increase in the median house price for the 12 months to August 2018."

"This compared to -5.6 per cent in Sydney, -1.1 per cent in Melbourne and a combined -2.9 per cent for the five capital cities across Australia."

"While the results reflect a marked correction in the southern cities of Sydney and Melbourne, the gains in Queensland are being met with equal measures of enthusiasm and scepticism by the broader sector."

"The latest BIS Oxford Economics report confirmed Brisbane as a 'surprise performer' with expected house price growth of 2- to 3 per cent to 2019-20, before greater growth of six per cent forecast in 2020-21."

"BIS’ Residential Property Prospects 2018 to 2021 reports that a current oversupply of dwellings, particularly within the apartment market, will ensure the upside won’t be immediate." The complete article can be accessed Opens external link in new windowhere.

Low inflation means there's no case for 'near term' rate hikes: RBA

"Inflation will remain stuck at the low end of the Reserve Bank's target range until at least the end of 2020, and even dip below 2 per cent in the current quarter, the central bank said, confirming interest rates will not rise anytime soon."

"In its quarterly Statement on Monetary Policy released on Friday, the RBA forecast economic growth would be about 3 per cent or higher between now and the end of 2020, and the unemployment rate would gradually slide from 5.4 per cent to 5 per cent, which is regarded as "full employment"."

"Despite the labour market tightening, however, the central bank sees only modest rises in inflation, which was most recently running at 2.1 per cent, and has been below its 2 to 3 per cent target range for much of the last three years." The complete article can be accessed Opens external link in new windowhere.

Low inflation hasn't led to more spending. Only wage growth will do that

"The retail trade data released last week was just the latest disappointment in the search for positive signs of household spending. While the figures showed some slightly better signs, overall they merely confirmed that households have shut their wallets as the lack of real wage growth continues."

"One of the things about underperforming sectors of the economy is how quickly previously weak figures are treated as good signs."

"The latest retail trade figures released by the Bureau of Statistics showed that in trend terms retail spending in June was 3.1% above where it was 12 months earlier. This was the first time for a year that the annual growth was above 3% and well above the nadir of 1.8% growth in October last year." The complete article can be accessed Opens external link in new windowhere.

Trend for Australians to live longer reshapes economy

"Everyone loves an Aussie success story. But here’s one that gets surprisingly little attention: our growing longevity. We hear endlessly about economic measures like growth, income and wealth. But life expectancy also says a lot about how we’re doing as a nation."

"The latest international comparison by the Bureau of Statistics shows Australia’s life expectancy at birth has reached 82.5 years, the third highest in the world just behind Japan (83.3 years) and Switzerland (82.7)."

"Reasons for this stellar result “include, but are not limited to” improvements in health services, safer working environments and advances in medical technologies, the bureau said."

"The trend for Australians to live longer, healthier lives is helping to reshape the economy.  Reserve Bank Governor Philip Lowe said in a speech on Wednesday there has been significant decline in the share of people aged over 55 reporting a health impairment that restricts their everyday activities."

"This is one factor contributing to a steady rise in the workforce participation rate of older Australians, especially women. About one in five Australian workers are now aged over 55 years, compared with less than one in 10 in the 1980s and 1990s."

"This trend has also been supported by an ongoing shift in economic activity towards service industries, which tend to be less physically demanding on the body." The complete article can be accessed Opens external link in new windowhere.

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