Thursday, 27 July 2017 Sydney

Invest In Australia Blog::

  • Sydney Metro headquarters on track

    Track laying is now complete at Rouse Hill, where the new world-class Sydney Metro maintenance facility will be based.  

    The completed railway tracks at the facility sit on 11,500 sleepers and 26,000 tonnes of ballast.

    Nine kilometres of both track and overhead wiring is also now in place.

    The facility will be used for:

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  • Egg producer penalised $750,000 for misleading 'free range' claims

    The Federal Court has ordered Snowdale Holdings Pty Ltd (Snowdale) to pay penalties totalling  $750,000 for making false or misleading representations that its eggs were ‘free range’, in proceedings brought by the Australian Competition and Consumer Commission.

    “This is the highest penalty that a Court has ordered in relation to misleading ‘free range’ egg claims. It reflects the seriousness of Snowdale’s conduct and the importance of egg producers being truthful about marketing claims they make,” ACCC Commissioner Mick Keogh said.

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  • Lululemon pays infringement notices

    Lululemon Athletica Australia Pty Ltd (Lululemon) has paid penalties totalling $32,400 following the ACCC issuing three infringement notices for alleged false or misleading representations about consumer guarantee rights.

    First, from 1 May 2017 to 24 May 2017, Lululemon listed sale items on its website under the heading “We Made Too Much”. The web page read “We made a little extra – don’t be shy, help yourself. It’s yours for keeps so no returns and no exchanges”.

    The ACCC alleges that, by this statement, Lululemon represented that consumers were not entitled to return and obtain a refund for, or exchange, these products under any circumstances.

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  • Open markets must benefit consumers or distrust will grow

    Markets must work in favour of consumers and the public must be convinced of the benefits of competition or distrust in the market mechanism can grow, Australian Competition and Consumer Commission Chair Rod Sims warned today.

    Addressing the 2017 Australian Conference of Economists in Sydney, Mr Sims signalled any loss of public confidence in market economics puts at risk the positive change countries and institutions are capable of if they embrace an open market system.

    “I feel strongly that we will all be considerably worse off if this increasing disillusion with a market economy goes unchecked,” ACCC Chairman Rod Sims said.   

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  • Better infrastructure transparency for taxpayers

    The costs, benefits and risks of infrastructure and other public service projects will be more transparently and consistently reported to taxpayers under a new Australian accounting standard released today.

    Public sector entities will soon be required to recognise assets and liabilities that relate to their public private partnerships (PPPs), following the release of Australian accounting standard, AASB 1059 Service Concession Arrangements: Grantors.

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  • Trend full-time employment growth continues

    Monthly trend full-time employment increased for the ninth straight month in June 2017, according to figures released by the Australian Bureau of Statistics (ABS) today. Full-time employment grew by a further 30,000 persons, while part-time employment decreased by 4,000 persons, underpinning an increase in total employment of 26,000 persons.

    "Full-time employment has increased by around 187,000 persons since September 2016, with particular strength over the past five months, averaging around 30,000 persons per month," Chief Economist for the ABS Bruce Hockman said. "Full-time employment now accounts for about 68 per cent of employment, however this is down from around 72 per cent a decade ago." 

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  • ACCC on changing telecommunications market dynamic

    Australian Competition and Consumer Commission Chairman Rod Sims has welcomed the entry of new mobile and fixed broadband competitors into the rapidly changing telecommunications market.

    Addressing the Communications Day Unwired Revolution Conference in Sydney today, Mr Sims said there were encouraging signs that competition in the sector was healthy.

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  • Good mental health critical to business success

    Small business operators have been urged to take as much care of their mental health and wellbeing as they do of cashflow and serving customers.

    The Australian Small Business and Family Enterprise Ombudsman has published online resources and links to raise awareness of wellbeing issues and warning signs.

    Ombudsman Kate Carnell said high levels of stress and long working hours left small business people vulnerable to fatigue, anxiety and depression.

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  • Small businesses bleeding from higher energy costs

    The Australian Small Business and Family Enterprise Ombudsman says small business operators are the forgotten people in Australia’s energy crisis.

    Ombudsman Kate Carnell says high energy users like manufacturers and hospitality businesses are casualties of a failed system.

    “It makes sense for heavy users to negotiate long-term contracts, but it’s nearly impossible to meaningfully compare quotes without expert knowledge,” Ms Carnell said.

    “Combined with poor reliability of supply, small businesses are in a precarious position. It’s a disincentive to employ and invest.

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  • New partnership to help tackle climate change across Australian towns and cities

    The ACT Government today joined the Cities Power Partnership which will transform Australia’s energy future from the ground up by enabling local councils to rapidly decrease carbon emissions and prevent worsening climate change impacts.

    “I’m pleased to announce the ACT is one of 35 cities and regional councils across Australia who today signed up to be part of a national movement for climate action,” Minister for Climate Change and Sustainability Shane Rattenbury said. “The Cities Power Partnership is a positive way to sidestep political roadblocks and red tape.

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