Tuesday, 25 July 2017 Sydney

Invest In Australia Blog::

  • ACCC statement on Aldi Flushable Wipes

    Earlier this week, the ACCC raised concerns with ALDI regarding its promotion of ALDI Green Action Flushable Bathroom Cleaning Wipes (100pk) in its Special Buys catalogue. The ACCC’s concerns stem from the use of the term ‘flushable’, in particular the concern that such a claim may mislead consumers if the claim cannot be substantiated.

    The ACCC is already pursuing alleged misleading ‘flushable’ claims more generally, with two proceedings currently before the Federal Court against Pental and Kimberly-Clark Australia Pty Ltd. 

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  • Statement on recent reports of refund fraud

    The ATO is investigating recent reports of two tax agents whose clients are reporting the receipt of an unexpected ATO refund into their bank account. There is no information to suggest ATO systems have been compromised. The impacted agents proactively contacted the ATO and we are working in partnership to mitigate the risk to other clients and revenue.

    Fraudsters steal personal identification information using various methods from sources outside of the ATO. This information is used to impersonate ATO clients and lodge fraudulent tax refunds. The protection of client information is a shared responsibility of the ATO and a broader network of trusted partners. 

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  • Labor in hiding on cable car, White’s small target strategy revealed

    Days after releasing draft legislation on the Mt Wellington cable car, Labor has gone into hiding and is refusing to comment.

    This is clearly a sign that Labor is looking to join the Greens and doing everything to block the next steps in making a cable car a reality.

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  • Enterprising Young Rural Ambassador Wins Award

    Lachy Johnson, a 19-year-old apprentice mechanic from Bordertown, has been named South Australia’s Young Rural Ambassador for 2017.

    Representing the Mundulla Agricultural, Horticultural & Floricultural Society (A, H & F) and the South East and Border Show Association, Lachy was named the winner at the Young Rural Ambassador Award State Final by the Agricultural Societies Council of South Australia at Rydges South Park Adelaide on Friday night.

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  • Low cost, low cover private health policies rising

    An ACCC report into the private health insurance industry released today has found that affordability of private health insurance remains a significant concern for consumers.

    The complexity of policy information provided by insurers is another key issue, reflected in increasing complaints about the industry. 

    “Our report found that people are shifting towards lower-cost policies with lower benefits.” ACCC Deputy Chair Delia Rickard said.

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  • AG Energy Council meeting: States and territories “getting the job done”

    Today ACT Minister for Climate Change and Sustainability Shane Rattenbury joined with ministers from Victoria, South Australia, and Queensland at the COAG Energy Council meeting to call on the Federal Government to push ahead with implementation of a Clean Energy Target (CET).

    “Today the ACT joined with our state counterparts in encouraging the Federal Government to follow the leadership of our jurisdictions in adopting a Clean Energy Target,” Mr Rattenbury said.

    “We are disappointed that the Federal Government has chosen instead to dither and delay on real climate action, while states and territories including the ACT are busy getting on with the job.

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  • ACCC urges Horticulture Industry to comply with code

    The Australian Competition and Consumer Commission is putting growers and traders in the horticulture industry on notice that they need to take steps to comply with the 2017 Horticulture Code of Conduct, or face penalties and fines.

    Addressing the 2017 NSW Farmers Horticulture Forum today, ACCC Commissioner Mick Keogh called on growers and traders to familiarise themselves with the Code and to ensure their businesses are compliant.

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  • Beware high risk, no reward investment scams


    The ACCC is warning the community to watch out for investment scammers who promise the world but leave their victims with broken dreams and empty bank accounts.

    “In the first half of 2017, Australians have reported losing over $13 million to investment scams to the ACCC’s Scamwatch website, making it the most profitable of all the current scams. It is likely that losses are much higher as many victims do not report scams or contact other authorities,” ACCC Deputy Chair Delia Rickard said.

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  • Report finds pharmaceutical manufacturing driving huge growth in Victoria’s exports

    New data shows Victoria's medical technologies and pharmaceuticals exports are experiencing rapid growth thanks to world-class advanced manufacturing capabilities.

    Victorian Minister for Industry and Employment Wade Noonan today launched the State of the Sector Medical Technologies and Pharmaceuticals 2017 report while visiting GlaxoSmithKline's (GSK) facility in Melbourne's east.

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  • Sydney Startup Hub gives regional NSW a place to land and launch

    A new $35 million startup hub in Sydney’s CBD will provide a world-class landing pad for regional startups to tap into global networks, customers and investment.

    Announcing the new Sydney Startup Hub (SSH) today, Deputy Premier and Minister for Regional NSW and Small Business, John Barilaro, said the Hub would give regional startups a dedicated space to showcase their businesses and ideas.

    “The Sydney Startup Hub is Sydney by name only, it is truly a statewide initiative that supports regional entrepreneurs and connects the wider startup community.

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