Friday, 19 April 2019 Sydney

Invest In Australia Blog::

  • Fostering a more inclusive Tasmania

    The Hodgman Liberal Government is committed to creating a confident and inclusive community where all Tasmanians are treated fairly, with respect and have an equal opportunity to engage in Tasmanian life.

    The Government’s LGBTI Grants Program provides funds to community organisations, tertiary intuitions and local government, and is aimed at creating a more accepting, diverse and resilient LGBTI community by fostering inclusion and respect for all Tasmanians.

    Four organisations will receive a share of the $50,000 program for five projects in 2019.

    The projects to receive funding are:

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  • Neighbourhood House Security Grants

    Neighbourhood Houses are at the forefront of addressing disadvantage in their local community, with many staff and volunteers working selflessly to support others to achieve positive change.

    To ensure that Neighbourhood Houses across the State continue to deliver important services and programs, the Hodgman Liberal Government has funded the Neighbourhood House Security Grants at $150,000 over two years.

    I am pleased to announce that the Burnie Community House has received $4,414 for their security project as part of the Round One allocation.

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  • Feasibility Study To Assess KI Artisan Meat Demand

    A feasibility study into artisan meat processing on Kangaroo Island is underway to assess how locally grown and processed red meat can feed the island.

    The State Government has partnered with Livestock SA to commit almost $30,000 to appoint BDO EconSearch to conduct an independent feasibility study into artisan meat processing options on Kangaroo Island.

    Minister for Primary Industries and Regional Development Tim Whetstone said the study is an important step following positive public feedback to a discussion paper released late last year.

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  • Australia named safest country in the world for women

    • Australia is the safest country in the world for women, according to data the consultancy New World Wealth released in its 2019 Global Wealth Migration Review.
    • Australia has earned the top spot for women’s safety for the second year in a row, followed by Malta, Iceland, New Zealand, and Canada.
    • Many of those countries are also popular destinations for individuals with a net worth of over $US1 million,
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  • Ticket resale website found guilty of ripping off Aussie customers with hidden fees, cancelled events and no refunds

    Ticket resale site Viagogo has been found guilty of misleading Australian consumers in the Federal Court Thursday, although no penalty has been handed down yet.

    The Australian Competition and Consumer Commission (ACCC) took action against the Switzerland-based company after complaints from hundreds of Aussies ripped-off by heavy ticket price mark-ups, hidden fees, cancelled events and no refunds.

    Additional fees included a 27.6 per cent booking fee which applied to most tickets.

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  • Australian unemployment lifts despite another strong month of hiring

    • Australia’s unemployment rate edged up to 5% in March, reversing the decline to an eight-year low in February.
    • The increase came despite a surge in full time employment during the month. Australia’s workforce grew faster than employment, explaining the lift in unemployment.
    • Over 300,000 jobs were created in total over the past year, the largest increase since late 2018.
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  • US buy-now-pay-later app Sezzle moves into Afterpay's territory in Australia – but says it's not here to fight

    • Buy-now-pay-later app Sezzle is set to launch on ASX in coming months.
    • Competition in the sector is heating up, with some analysts saying first-in is key to market dominance.
    • Sezzle’s CEO says USA regulation likely to be favorable.

    The latest entrant to the buy-now-pay-later space in Australia is Sezzle.

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  • Australia's next retail sales report could be pretty weak after a surprise surge in February

    • Australian retail sales jumped by 0.8% in February, the largest increase in over a year.
    • The NAB’s latest cashless retail sales index suggests that result is unlikely to be repeated in March.
    • It points to an increase in sales of 0.3%, with downside risks.
    • Australia’s official retail sales report for March will be released on May 7, the same day the RBA will announce its next interest rate decision.

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  • Spending across the Australian economy has suddenly improved

    • Spending across the Australian economy rose by the most in over a year in March, according to the Commonwealth Bank’s BSI.
    • Growth was recorded across most industries and in all states and territories except for the Northern Territory.
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  • Funding for Launceston delivering jobs in aquaculture and renewable energy

    The Morrison Government’s $70 million contribution to the Blue Economy Cooperative Research Centre (CRC), alongside the Hodgman Government’s $2 million contribution, will unlock more than $258 million of private investment from around the globe, create hundreds of local jobs and attract international researchers to Tasmania.

    This announcement is a game-changer, and cements Tasmania as a global leader in renewable energy, aquaculture, particularly our salmon industry and marine engineering.

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