ONE of the biggest financial catastrophes in Australian local government history is set to cost 300 people their jobs and force up residents’ rates by as much as 15 per cent a year.TAFE and school students will be targeted in a new state government campaign to get young people to take up a “gap year” in regional NSW in a bid to fill critical labour shortages.CONCERNS over a deal for China to build a new $200 million fishing complex just 200km from the Australian mainland need to be “taken very seriously” a Federal MP has warned.THE victim of paedophile pastor Frank Houston has urged police to complete their investigation into his son, Hillsong founder Brian Houston, who is  accused of covering up his ­father’s crimes.For updates and breaking news throughout the day take out a subscription at dailytelegraph.com.au