Monday, 18 March 2019 Sydney

Invest In Australia Blog::

  • Upgrades to Albert Park Baseball Complex

    The Albert Park Baseball Complex in Lismore will be able to deliver major league games when upgrades to player and spectator facilities are complete.

    Already home to important domestic tournaments, an improved Albert Park Baseball Complex will attract more regional, national and international baseball events to NSW. With more high-profile baseball events, Lismore will see an increase in tourism and economic growth.

    The upgrades will include:

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  • Melbourne research finds improved stroke treatment

    World-first research led by La Trobe University in Melbourne has found that injecting human amniotic cells discarded after birth into stroke patients can significantly reduce brain injury and aid recovery.

    Stroke is one of Australia’s biggest killers and a leading cause of disability. Stroke is treatable, however treatments are time critical and currently only a limited number of Australians have access. Some of the most recent advancements in ischemic stroke treatment – strokes caused by a clot – can only be delivered within the first few hours of a stroke.*

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  • GO NSW Equity Fund makes first investment in agribusiness

    An investment from the GO NSW Equity Fund in a NSW Wagyu beef agribusiness will ultimately breed the largest full-blood Wagyu cattle herd outside of Japan.

    The NSW Government’s GO NSW Equity Fund will take a $3.3 million stake in Stone Axe Pastoral, a Wagyu beef agribusiness in Ebor.

    The investment will allow the business to expand in and around Ebor in regional NSW, establishing the area as a major player in Australia’s Wagyu export industry.

    Deputy Premier and Minister for Small Business and Regional NSW John Barilaro said Stone Axe Pastoral would create 76 full-time jobs over the next five years.

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  • Wages rise 0.6% seasonally adjusted

    The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in December quarter 2017 according to figures released today by the Australian Bureau of Statistics (ABS).

    The WPI rose 2.1 per cent through the year seasonally adjusted to December quarter 2017.

    ABS Chief Economist Bruce Hockman said "The annual rate of wage growth has increased for the second consecutive quarter reflecting falling unemployment and underemployment rates, and increasing job vacancy levels."

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  • ACCC focusses on energy, broadband, net economy and financial services in 2018

    Chairman Rod Sims has today announced the ACCC’s compliance and enforcement priorities for 2018 at a CEDA event in Sydney.

    This year, the regulator will focus on consumer issues in broadband services and energy, competition in the financial services and commercial construction sectors, systemic consumer guarantee issues, and conduct that may contravene the new misuse of market power and concerted practices provisions.

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  • ACCC appeals Cussons decision

    The ACCC has appealed from the Federal Court’s decision late last year to dismiss the ACCC’s proceedings against PZ Cussons Australia Pty Ltd (Cussons).

    The ACCC took action against Cussons in 2013, alleging Cussons had engaged in cartel conduct by arriving at, and giving effect to, an understanding with two other laundry detergent manufacturers to cease supplying standard concentrate laundry detergents in early 2009, and supply only ultra concentrates from that time. 

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  • Australians on notice to keep their receipts

    The ATO is warning taxpayers they will be paying close attention to claims for ‘other’ work-related expenses this year, and is reminding people to keep appropriate records.

    Assistant Commissioner Kath Anderson said that last year 6.7 million taxpayers claimed a record $7.9 billion in deductions for ‘other work-related expenses’. “It’s a significant amount of money and Australians expect us to ensure that people are not over-claiming”.

    This year the ATO is shining a spotlight on ‘other’ deductions. Legitimate ‘other work related expenses’ can include home office, union fees, mobile phone and internet, overtime meals and tools and equipment.

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  • Growing the food industry in Melbourne

    A new food manufacturing industry group in the norther regions of Melbourne, Australia, will strengthen food and beverage manufacturing and investment in Victoria.

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  • Sydney’s red hot start to Chinese New Year

    The Sydney Harbour Bridge decked out in auspicious red and a glowing eight-metre-high guard dog unleashed the start of the biggest celebrations of the Lunar New Year outside Asia.

    Sydney officially welcomed the Year of the Dog this evening, launching the City of Sydney’s 22nd Chinese New Year Festival in spectacular style.

    A traditional lion dance and eye dotting ceremony below the giant animated dog lantern at the Sydney Opera House kicked off activities around the harbour foreshore.

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  • Apprentices kicking goals at Moorabbin Reserve

    Victorian apprentices are kicking goals and learning valuable skills on the $30 million re-development of St Kilda Football Club’s Moorabbin Reserve thanks to the Victorian Government’s Major Project Skills Guarantee.

    Funded by the Victorian Government, St Kilda, the AFL, Kingston City Council and local sporting leagues, the re-development will include a training facility, indoor netball and basketball courts, the club’s headquarters and a retail hub.

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