Saturday, 25 November 2017 Sydney

Invest In Australia Blog::

  • Funding Boost To Draw More Visitors To The EP

    Tuesday 7 November 2017

    Facilities to attract and keep visitors in the lower Eyre Peninsula will be built at the Glen-Forest Tourist Park and Vineyard with the support of a $193,750 Regional Development Fund grant.

    The family-operated tourist park will expand and improve their current facilities, adding a new reception, kiosk and shop, along with a cellar door and the creation of an adventure maze.

    An additional six FTE positions will be created during construction, with another six ongoing FTEs to manage the expanded facility.

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  • ACCC releases second self-assessment against the regulator performance framework

    The ACCC has released its second self‑assessment report, which measures the agency against the Australian Government’s Regulator Performance Framework(link is external) across 2016-17.

    The framework requires Commonwealth regulators to assess their own performance against six key performance indicators(link is external). The framework and indicators focus on a regulator’s actions in relation to the businesses that are subject to its regulatory processes.

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  • Anchor furniture to stop deaths and injuries

    The ACCC is co-leading an international safety campaign urging parents and carers to anchor unstable furniture and large TVs to the wall to prevent infant deaths and serious injuries.

    The consumer watchdog is joining the Organisation for Economic Cooperation and Development (OECD) and 18 other regulators from around the world in alerting consumers to the dangers of unstable furniture and large TVs.

    Suppliers are also being urged to take immediate steps to improve the stability of these products and supply anchors at the point of sale.

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  • Fighting for Tasmania’s fair share of GST

    The Hodgman Government will always fight for Tasmania’s fair share of the GST.

    The Productivity Commission’s review into the method for distributing GST among the states and territories is an opportunity for Tasmania to once again unite and clearly say that as a community we simply won’t stand for it.

    That’s why I have invited the Productivity Commission to hold a public hearing in Tasmania as part of its review.  I want the opportunity to once again explain to the Productivity Commission face to face, that we will fight tooth and nail for every single cent of GST that we are entitled to.

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  • Petrol price apps can save millions for motorists

    The ACCC’s September quarterly report on the Australian petroleum industry reveals how much money motorists can save by avoiding buying petrol at the peak of the price cycle.

    ACCC analysis has found if motorists in Sydney had simply avoided buying E10 on the six days around the price cycle peaks in the previous six months, they would have paid on average around 2.6 cents per litre (cpl) less.

    Assuming similar savings for the other types of petrol (i.e. regular unleaded petrol (RULP) and premium unleaded petrol), the estimated overall savings for Sydney motorists over a year would be in the region of $85 million.

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  • ATO statement regarding the ‘Paradise Papers’

    The International Consortium of Investigative Journalists (ICIJ) is today reporting about information they have in relation to offshore law firm Appleby.

    The ATO has been working closely for several months with our partner agencies here and overseas in anticipation of a data release by the ICIJ. These relationships have enabled the ATO to commence analysis of the intelligence received to identify possible Australian links.

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  • Australian Unity to compensate some members over dental benefits

    Following an ACCC investigation, Australian Unity has agreed to pay compensation to members who held couple and family policies in 2015 that were likely to have been misled about the dental benefits they could claim from their policy. It is expected that Australian Unity will pay at least $620,000 in compensation to affected consumers. 

    At the start of 2015, Australian Unity’s Comprehensive Extras policy for couples and families included one overall limit for dental benefits, which was between $1,600 and $2,400 per calendar year. The insurer’s fact sheets, website and terms and conditions in 2015 represented to members that these benefits were fixed and would not change for that year.

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  • AirAsia to refund Passenger Movement Charge for affected travellers

    AirAsia will offer refunds to affected customers after incorrectly levying the Passenger Movement Charge (PMC) to children under 12 years old on certain flights from Darwin to Bali between December 2010 and September 2017.

    The ACCC raised concerns with AirAsia following media reports in September. Children under the age of 12 are exempt from the PMC under the Passenger Movement Charge Collection Act 1978.

    “Some AirAsia customers have been incorrectly charged for a levy of up to $60 that did not apply. Affected customers should contact AirAsia to obtain a refund for that charge,” ACCC Deputy Chair Dr Michael Schaper said.

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  • Business bank model urged for consideration

    The Australian Small Business and Family Enterprise Ombudsman has called for an Australian version of the British Business Bank to be considered.

    Speaking at the Franchise Accountants Network conference in Sydney, Ombudsman Kate Carnell said access to finance was a major challenge for Australian small-medium enterprises.

    “Banks are happy to lend to small businesses, but only if they have security such as property or cash,” Ms Carnell said.

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  • Study to identify future ferry sites and infrastructure need for Darwin

    The Northern Territory Government is investigating the potential for future ferry services in and around Darwin Harbour to cater for future growth within the next 50 years.

    The Department of Infrastructure, Planning and Logistics has engaged maritime infrastructure specialists Mott MacDonald to assess several locations to see if they are suitable for future ferry services and identify the infrastructure needed to expand ferry services in Darwin.

    The analysis will also look at trigger points for future demand for ferry transport over a 50-year period.

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