Tuesday, 26 May 2020 Sydney

Invest In Australia Blog::

  • More competition for NBN access drives prices lower

    Minister for Broadband, Communications and the Digital Economy, Senator Stephen Conroy, today welcomed further news that competition by internet retail service providers was bringing good news for National Broadband Network (NBN) customers.

    Senator Conroy said Exetel’s announcement today of its entry level price of $34.50 was almost half that released by Internode last week and even lower than the sub-$40 package mooted by budget provider Dodo last Friday.

    “As each day passes we are seeing competition in the retail NBN access market drive prices lower. This is great news for internet consumers,” Senator Conroy said.

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  • Gaming Laboratories International Prepares for Australasian Gaming Expo

    SYDNEY, AUSTRALIA--(Marketwire - July 25, 2011) - Gaming Laboratories International's first international office location was established in Adelaide, Australia, in 1994, and the company has been serving the region ever since. Now GLI Australia and its three full-service labs are making final preparations for the Australasian Gaming Expo. AGE takes place 21-23 August at the Sydney Convention and Exhibition Centre in Darling Harbour, and GLI will be in stand #280.

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  • EFIC supports Incat in the delivery of the world’s first LNG ferry

    Export Finance and Insurance Corporation (EFIC), the Australian Government’s export credit agency, has provided a multi-million dollar construction finance facility, 50% of which is guaranteed by Australia and New Zealand Banking Group Limited (ANZ), to support Incat Tasmania’s (Incat) ship building contract with South American company, Buquebus.

    The facility will be used by Incat to finance the construction of the world’s first dual fuel, high speed passenger catamaran capable of operating on either LNG or diesel. Incat sought support from EFIC and ANZ for additional capital to construct the ship for its South American customer.

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  • Australia works with World Food Programme to save lives in the Horn of Africa

    The Prime Minister and Foreign Minister today announced the Government will provide $20 million in additional emergency humanitarian support for the 11.6 million people affected by the looming catastrophe in the Horn of Africa.

    The United Nations estimates that this is the most severe food security challenge in Africa for 20 years. But if we learn lessons from the past and act fast, we can save hundreds of thousands of lives.

    UNICEF has labelled the situation the "children's famine", with reports saying that two million young children across the Horn of Africa are malnourished and in need of immediate help.

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  • Recall acquires Melbourne based document destruction business of Infoshred Pty Ltd

    Recall, a global leader in records storage, secure document destruction, digital solutions and data protection, announced it has acquired the Melbourne-based document destruction business of Infoshred Pty Ltd.

    Founded in 2002, Infoshred is a privately-owned secure document destruction company operating in Australia. Recall acquired the service and collection component of Infoshred’s secure destruction business.

    Recall ANZ President Dan McFarland said this acquisition supports the company’s growth strategy and will expand its footprint in Victoria, an extremely important area for companies in Australia and for Recall.

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  • Xero to acquire leading Australian online payroll company Paycycle

    Online accounting software provider (XRO) Xero has signed an agreement to acquire leading Australian online payroll company Paycycle. The acquisition of Paycycle will accelerate Xero’s growth in the Australian market and enhances Xero’s online accounting offering for small businesses and their advisors.

    Acquiring Paycycle also provides Xero with a specialist payroll development team at a time when it remains difficult to secure skilled software personnel. Payroll specialist Stuart McLeod and IT specialist John Freeman founded Paycycle in 2009.
    The company has rapidly grown to service 750 customers, providing a user-friendly online payroll system that also manages employee leave, tax and superannuation.

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  • Queensland based Pharma company to stake claim in global capsule market

    Global pharmaceutical and healthcare company, Sanofi is expanding its operations to become Queensland’s first manufacturer of softgel capsules for vitamins, minerals and herbal supplements.

    Queensland Treasurer and Minister for State Development and Trade Andrew Fraser said Sanofi’s $14.2 million expansion at Virginia would help it stake a claim in the booming global soft gelatin market.

    “Everyone takes tablets in some form, whether it’s through your daily vitamin hit or a regular prescription, and capsules are fast becoming the preferred method,” Mr Fraser said.

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  • NSW Premier secures first major international sponsorship worth $600,000 for Sydney Festival

    NSW Premier Barry O’Farrell has announced the first major international sponsorship deal for the Sydney Festival, after securing an agreement in China with the nation’s largest airline, China Southern Airlines.


    Mr O’Farrell said he was delighted China Southern Airlines will be the official airline of Sydney Festival 2012 and co-sponsor events including the Domain Concert Series, the Ferrython and the free outdoor concerts Summer Sounds. “This is the most significant international sponsorship ever obtained by Sydney
    Festival and the first with a Chinese company,” Mr O’Farrell said.

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  • Aegis Group plc acquires minority shareholding in Australia’s TigerSpike Pty Limited

    Aegis Group plc, the marketing communications and market research group, Wednesday announced that it has acquired a minority shareholding in TigerSpike, a Sydney based leading provider of mobile technology solutions, for a total consideration of US $11 million.

    A leader in the field of personal media multi platform technology solutions (i.e. mobile, tablet, kindle-book readers, smart TV etc), TigerSpike is well positioned to support Aegis Media in penetrating this fast-growing segment of the marketing communications market.

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  • Multimillion dollar feature film Paradise Lost to shoot in NSW

    Acting NSW Premier and Minister for Trade and Investment Andrew Stoner today announced that the multimillion dollar film Paradise Lost will be produced in Sydney.

    Mr Stoner made the announcement at Fox Studios Australia in Sydney, alongside the film’s director Alex Proyas. Paradise Lost will bring an estimated $88 million in production expenditure and an estimated 1,300 jobs to NSW, including over $20 million expenditure and 200 jobs in the visual effects area. The film involves more than 20 weeks of pre-production, eight weeks of principal photography and motion capture, and 72 weeks of post-production and visual effects work.  

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