Wednesday, 19 June 2019 Sydney

Invest In Australia Blog::

  • New lending to households rises 0.6 per cent

    The value of new lending commitments to households rose 0.6 per cent in April 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) figures on new lending to households and businesses.

    The rise in new lending to households in April follows a 3.3 per cent fall in March 2019. Despite increases in the value of some components of household lending in April, including a 4.3 per cent rise in lending for personal finance, total new lending to households remained lower than a year ago (down 15.6 per cent).

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  • Investing in regional tourism

    Tourism fuels our state’s economy and contributes more than $3 billion to gross state product, while supporting around 38,000 jobs - 15.6% of total employment across the state.

    The Tasmanian Liberal Government continues to invest strongly to maintain the momentum in our thriving visitor economy and ensure every region reaps the benefits.

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  • Tasmanian exports continue to rise

    Tasmanian exports have grown again, with an increase of 5.7 per cent compared to the previous year. 

    We have exported $3.74 billion worth of goods, supporting local business and jobs across the state.

    These positive export results follow yesterday’s economic data which showed Tasmania leads the nation in state final demand growth for the first time in 15 years.

    The Tasmanian Government is working to maintain the momentum and invest for further growth, including through our new Tasmanian Trade Strategy.

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  • Labor’s Estimates fizzer

    Labor’s reputation as a lazy, directionless, policy-free, fence-sitting Opposition was on show again in an Estimates week fizzer where they failed to land a blow.

    Government Ministers detailed a strong budget delivering record infrastructure, health and education spending, with almost no serious scrutiny or questioning by an Opposition who hadn’t done their homework, don’t have an alternative budget and don’t seem to be across the issues or the budget itself.

    Labor Members repeatedly ran out of questions early in the day and started repeating questions or asking questions in the wrong output. 

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  • Construction begins on new PolAir headquarters

    The new airport headquarters for the NSW Police Force (NSWPF) will deliver new infrastructure to reduce crime and strengthen community safety.

    From July 2020, the NSWPF Aviation Support Branch will be based at a new 2.5-hectare purpose-built facility at Bankstown Airport. Five PolAir helicopters and three fixed-wing aircraft will be housed at the facility. 

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  • Feedback sought on collective bargaining plan for small businesses

    The ACCC is seeking views on its proposal to implement a class exemption that would allow small businesses to collectively negotiate with their suppliers and processors, and franchisees and fuel retailers to collectively negotiate with their franchisor or fuel wholesaler, without first having to seek ACCC approval.

    Currently, groups of competitors seeking to negotiate together must first obtain formal approval from the ACCC under its ‘authorisation’ or ‘notification’ processes.

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  • Proposal for more transparency on music performing rights licensing


    The ACCC is calling for feedback on a proposal to reauthorise the Australasian Performing Right Association’s (APRA) musical works licensing arrangements for a further five years with additional conditions.

    APRA and its members, including composers, songwriters and publishers, hold performing rights for virtually all music played or performed in Australia, and earn royalties from those rights. In most cases, members assign these rights on an exclusive basis to APRA, which collects royalties by imposing licence fees on users of that music.

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  • The Team to take Tasmania’s case to the AFL

    A high-powered team of business and football leaders has been appointed to build the case for Tasmanian AFL and AFLW sides.

    The Project Team will be Chaired by founding Virgin Australia CEO and tourism industry entrepreneur Brett Godfrey.

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  • Bacon fries Budget

    Scott Bacon knows Labor’s reckless spending would immediately drive Tasmania into deficit and almost double net debt across the forward estimates – that’s why he has refused to deliver an alternative Budget.

    When costed, Labor’s State Budget thought bubbles, including a blanket 3 per cent per annum public sector wage rise and opposition to the government efficiency dividend, would blow a $790.5 million hole in the Budget bottom line, driving State net debt to more than $1.9 billion by 2022-23.

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  • Ombudsman looks forward to working with new shadow ministry


    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has welcomed the new federal shadow ministry, and looks forward to working closely with Shadow Minister for Small and Family Business, Brendan O’Connor and Shadow Minister for Industrial Relations, Tony Burke.

    “Brendan O’Connor has a long political history and has previously served as the Minister for Small Business,” Ms Carnell said.

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