Friday, 24 November 2017 Sydney
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Invest In Australia Blog::

  • Australia and Alibaba’s eCommerce globalisation strategy

    As the world’s largest eCommerce market, China represents a huge opportunity for Australian businesses to successfully navigate the most advanced digital economy in the world.

    To promote its vitamin business Blackmores took out a giant advertisement in New York’s Times Square.

    Although the company did not sell its products in the USA, Blackmores tactic was to generate traffic on Chinese social media.

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  • Global design firm Coop Himmelblau sets up in Melbourne

    One of the world’s most innovative design architects, Coop Himmelb(l)au, has established an office in Melbourne.

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  • Red Balloon pays penalty for excessive payment surcharges

    Red Balloon Pty Ltd (Red Balloon) has paid penalties totalling $43,200 following the issue of four infringement notices by the ACCC for alleged breaches of the new excessive payment surcharges laws in the Competition and Consumer Act 2010.

    Red Balloon is an online trader that sells ‘experiences’ in Australia, such as skydiving jumps, wine tours, and cooking classes.

    The ACCC alleged that on 31 March and 30 June 2017, Red Balloon charged four consumers excessive payment surcharges in respect of payments they made by MasterCard credit, Visa credit, Visa debit and MasterCard debit respectively.

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  • Australian Competition Tribunal decision on Tabcorp-Tatts merger

    The Australian Competition Tribunal has made its determination granting merger authorisation for Tabcorp to acquire Tatts.  

    The Full Federal Court had previously set aside an earlier determination from the Tribunal and remitted the matter back to the Tribunal for reconsideration.

    “When the ACCC sought review of the Tribunal’s earlier determination, our purpose was to clarify the law. We achieved that objective, with the Full Court making it clear that the Tribunal was required to take in to account all competitive detriment that is likely to result from the proposed merger,” ACCC Chairman Rod Sims said.

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  • Trend unemployment rate remains at 5.5 per cent

    The monthly trend unemployment rate remained at 5.5 per cent in October 2017, according to figures released by the Australian Bureau of Statistics (ABS) today. This reflects the continued strength in employment growth in the Australian labour market.

    Monthly trend full-time employment increased for the 13th straight month in October 2017. Full-time employment grew by a further 16,000 persons in October, while part-time employment increased by 4,000 persons.

    "Full-time employment has now increased by around 289,000 persons since October 2016, and makes up the majority of the 347,000 person net increase in employment over the period," Chief Economist for the ABS, Bruce Hockman, said.

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  • Red Balloon pays penalty for excessive payment surcharges

    Red Balloon Pty Ltd (Red Balloon) has paid penalties totalling $43,200 following the issue of four infringement notices by the ACCC for alleged breaches of the new excessive payment surcharges laws in the Competition and Consumer Act 2010.

    Red Balloon is an online trader that sells ‘experiences’ in Australia, such as skydiving jumps, wine tours, and cooking classes.

    The ACCC alleged that on 31 March and 30 June 2017, Red Balloon charged four consumers excessive payment surcharges in respect of payments they made by MasterCard credit, Visa credit, Visa debit and MasterCard debit respectively.

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  • Australian Competition Tribunal decision on Tabcorp-Tatts merger

    The Australian Competition Tribunal has made its determination granting merger authorisation for Tabcorp to acquire Tatts.  

    The Full Federal Court had previously set aside an earlier determination from the Tribunal and remitted the matter back to the Tribunal for reconsideration.

    “When the ACCC sought review of the Tribunal’s earlier determination, our purpose was to clarify the law. We achieved that objective, with the Full Court making it clear that the Tribunal was required to take in to account all competitive detriment that is likely to result from the proposed merger,” ACCC Chairman Rod Sims said.

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  • Tackle your tax bill today

    The Australian Taxation Office (ATO) is today reminding taxpayers who have been issued with a tax bill after lodging their 2016–17 return that in most cases these are due by 21 November.

    Assistant Commissioner Kath Anderson says anyone finding it hard to pay their bill by the due date should contact the ATO as soon as possible.

    “There are a range of things we can do to help you meet your obligations. The most important thing is that you get in touch with us so we can talk you through the available options,” Ms Anderson says.

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  • ACCC won't oppose proposed acquisition of OfficeMax by Complete Office Supplies

    The ACCC will not oppose the proposed acquisition of OfficeMax Australia (OfficeMax) by Complete Office Supplies (COS).

    COS and OfficeMax both supply office products to commercial and government customers in Australia.

    The ACCC focussed on the supply of traditional office products, particularly stationery, to large commercial and government customers.

    “The ACCC found that a combined COS-OfficeMax would continue to face competition from Winc (formerly Staples), and to a lesser extent from Lyreco. Post-acquisition, Winc will remain the market leader by some margin,” ACCC Chairman Rod Sims said.

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  • AIIA appoints board for 2017-18 year

    The Australian Information Industry Association (AIIA), the nation’s peak industry body for the technology sector, today announced its national board for the 2017-18 year, following yesterday’s Annual General Meeting held in Sydney.

    The AIIA board is composed of 16 directors, including 10 elected directors, five directors appointed by the Board, and the immediate past Chair. Directors are appointed for up to three years from the date of their election.

    Fiona Anson, co-founder and director JobGetter, and Steve Worrall, managing director Microsoft Australia were newly elected to the board.

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