Tuesday, 23 May 2017 Sydney

Invest In Australia Blog::

  • Budget to support 7,600 jobs for Tasmanians

    The Hodgman Government’s number one priority is jobs.

    Under our long-term Plan, 6,400 jobs have been created and the unemployment rate has dropped to 5.8 per cent, the second lowest rate of any state in the country, but there is still a lot more to do.

    That’s why this budget will contain a game changing job creation package, so that we can build Tasmania’s future.  It will help support 7,600 jobs right around the State.

    Comments: [0]
  • $50 million in funding for mining towns

    Mining communities can apply for a share of funding from the Resources for Regions program.

    Applications for the funding are open to mining communities in local government areas outside of Sydney.

    Launched in 2012, the funding gives mining communities the opportunity to upgrade:

    Comments: [0]
  • Faster payment times for over 5,000 small businesses

    Thousands of Australian small business suppliers will soon see the benefits of faster payment times after Rio Tinto announced a change to its payment terms.

    The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell said it’s a fantastic result for over 5,500 small businesses that trade with Rio Tinto.

    “By changing its payment terms for Australian suppliers under $1 million of expenditure to 30 days, Rio Tinto is taking a positive step forwards and understanding the needs of their small business suppliers,” Ms Carnell said.

    Comments: [0]
  • ACCC proposes to not declare wholesale domestic mobile roaming

    The Australian Competition and Consumer Commission has released its draft decision proposing to not declare a wholesale domestic mobile roaming service.

    “The ACCC has insufficient evidence that declaration will improve the current state of competition overall,” ACCC Chairman Rod Sims said.

    Comments: [0]
  • ACCC puts businesses on notice about 'made in' country of origin claims

    The Australian Competition and Consumer Commission is urging businesses to review their country of origin labels now to ensure they comply with the Australian Consumer Law.

     “In particular, businesses should review any claims on their product labelling or advertising which suggests that the product was ‘Made in’ a particular country,” ACCC Deputy Chair Dr Michael Schaper said.

    Comments: [0]
  • South Australian Company Awarded $550 000 Project For State’s First Trial Native Oyster Reef

    Port Adelaide based Maritime Constructions has been awarded $550 000 to build South Australia’s first trial shellfish reef.

    Construction of the trial four-hectare shellfish reef will begin in May using a mixture of materials including locally sourced limestone from the Yorke Peninsula and custom made concrete reef structures.

    The native shellfish reef will attract marine life and, over time, is expected to improve fish stocks, enhance recreational fishing opportunities, increase water quality and assist with coastal erosion.

    Comments: [0]
  • Veterans employed in NSW public sector eclipse target

    The NSW Government’s Veterans Employment Program has exceeded its target to employ 200 former Australian Defence Force (ADF) personnel by 2019.

    Just one year after the launch of the Veterans Employment Program, 310 former ADF service men and women have found employment in the NSW public sector.

    About 70 per cent of the new employees have joined the justice and transport sectors, while others have been employed in the areas of health, education and finance.

    Minister for Veterans Affairs David Elliott said the success of the program showed that military skills are highly transferable.

    Comments: [0]
  • ACCC releases quarterly report on the NBN wholesale market

    The Australian Competition and Consumer Commission has released its fifth quarterly National Broadband Network Wholesale Market Indicators Report for the period ending 31 March 2017.

    Key points from the March report:

    Comments: [0]
  • ATO approach to dealing with super guarantee non-compliance

    The ATO recognises the importance of the Superannuation Guarantee (SG) to the community and its vital role in providing for people’s retirement. Deputy Commissioner James O’Halloran said that while the vast majority of the $85.7 billion paid in superannuation each year is paid voluntarily by employers, there are reports of non-compliance from employees.

    “In 2015-16 we undertook around 21,000 cases that addressed SG non-compliance, raising $670 million in SG, including penalties, from a range of reviews and audits” Mr O’Halloran said.

    Comments: [0]
  • Melbourne Fintech Airwallex raises A$17m from Mastercard, Sequoia China and Tencent

    In another endorsement of Victoria's fintech sector, local cross-border payment startup Airwallex has secured A$17 million in funding to continue its global expansion.

    International companies who have invested in Airwallex include MastercardSequoia Capital China, and Chinese web giant Tencent.

    Comments: [0]