Saturday, 03 December 2016 Sydney
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Invest In Australia News::

  • New hatchery to grow Salmon industry

    The Liberal Government is committed to Tasmania’s world-class salmon industry and welcomes sustainable, responsible and accountable growth.

    The newest addition is Huon Aquaculture’s more than $30 million smolt hatchery at Ranelagh.

    The new hatchery has meant the creation of 10 permanent jobs, with over 100 Tasmanian companies involved in the project and over 300 local trades people.

  • Green finally confesses on carbon tax

    Bryan Green has finally confessed that the Labor-Green Government used the carbon tax to prop up the State Budget.

    In a Public Accounts Committee hearing, Mr Green said that during the carbon tax period, Hydro “…actually propped our budget up”.

    After denying it for years, Mr Green has finally come clean and admitted he ripped thousands of dollars out of the pockets of Tasmanians to cover up his Government’s woeful budget mismanagement. 

  • Tourism Cash Injection For Whyalla’s Iconic Cuttlefish Attraction

    Whyalla’s growing tourism industry has received a boost with the announcement of an Upper Spencer Gulf and Outback Futures Program grant of $85,000 towards upgrading visitor facilities at the cuttlefish aggregation area near the city.



    The Giant Australian Cuttlefish is iconic to Whyalla, and its surrounding waters are each year home to the largest aggregation in the world of these creatures, providing a tourism experience unrivalled in Australia.

  • NSW Government helps grow Western Sydney businesses

    The NSW Government will host a series of important workshops in Western Sydney to teach local businesses how to win supply chain contracts.

    “We are determined to help Western Sydney businesses succeed and grow by supporting them develop their skills in procuring tender contracts,” Minister for Industry, Resources and Energy, Anthony Roberts, said.

    The Department of Industry will hold three fully funded “supply chain workshops” in Kingswood (29 November), Parramatta (30 November) and Liverpool (7 December).

  • AIIA and nbn™ launch innovation program 2017

    AIIA and nbn™ have joined forces to launch a $150,000 grants program aimed at fostering innovation across the nation.

    Under the Grow with nbn™ Program 2017 three major grants of $25,000 and six minor grants of $10,000 are on offer, with one of the minor grants recipients in line to receive an additional $15,000 through an nbn staff vote.

  • ACCC completes first Regulator Performance Framework review

    The Australian Competition and Consumer Commission has released its first self‑assessment report against the Australian Government’s Regulator Performance Framework(link is external), which requires Commonwealth regulators to assess their own performance in respect of six key performance indicators(link is external).

    The framework and indicators focus specifically on individual regulator’s actions in relation to the businesses subject to its regulatory processes.

  • $50,000 FOR COORONG WATER TRANSPORTATION SCHEME FEASIBILITY STUDY

    The feasibility of a water transportation scheme in the Coorong and Tatiara District Council regions will be investigated with $50,000 support from the State Government.

    The project, led by the Coorong District Council, will gather information and analyse the viability of the scheme as a way of reducing the cost of water for local primary producers, industry, business and community.

  • Victoria first to access new melanoma blood test

    Victorians will be the first in Australia to access a revolutionary new blood test for melanoma which is expected to give patients as greater chance of survival.

    The Olivia Newton-John Cancer Research Institute (ONJCRI) will be the first accredited laboratory in the country to administer this life-saving test.

    The ground breaking 'liquid biopsy' blood test promises to speed up melanoma diagnosis ensuring patients get personalised treatment sooner.

  • Melbourne named best city for expats

    Melbourne has been chosen as the best city in the world to live for expats in a global survey by Networking service, InterNations.

    InterNations is the world's largest international community for people who live and work abroad, offering global networking opportunities, local events and expat-relevant information.

  • New Hi-Tech Jobs For The Latrobe Valley

    The Latrobe Valley will get its own Hi-Tech Precinct to create jobs and open up the best work and education opportunities for local students, thanks to a $17 million investment from the Andrews Labor Government.

    Based at the Federation Training site, it will bring together the new Morwell Tech School with Federation University, Federation Training, private tenants, and leading global tech firm Fujitsu as the likely anchor tenant.

  • Australian miners eye new Argentine opportunities

    New policies and reforms aimed at attracting increased foreign investment into Argentina, particularly into its resources sector, are strengthening opportunities for Australian companies.

    Ms Shannon Powell, Austrade’s Santiago-based Senior Trade Commissioner for Andean Latin America, said the election of Argentina’s pro-business president Mauricio Macri has generated strong interest from Australia’s mining, engineering, technology and services (METS) sector.

  • Armidale petrol market has not had sufficient competition

    A lack of competition has led to consistently high prices in the Armidale petrol market, according to the Australian Competition and Consumer Commission's latest regional petrol report.

    “Armidale motorists have been paying on average around 8 cents per litre more than motorists in the five largest cities. Prices in Armidale have also been consistently higher than in smaller surrounding towns such as Glen Innes and Inverell” ACCC Chairman Rod Sims said.

  • Melbourne named best city for expats

    Melbourne has been chosen as the best city in the world to live for expats in a global survey by Networking service, InterNations.

    InterNations is the world's largest international community for people who live and work abroad, offering global networking opportunities, local events and expat-relevant information.

  • Victoria first to access new melanoma blood test

    Victorians will be the first in Australia to access a revolutionary new blood test for melanoma which is expected to give patients as greater chance of survival.

    The Olivia Newton-John Cancer Research Institute (ONJCRI) will be the first accredited laboratory in the country to administer this life-saving test.

    The ground breaking 'liquid biopsy' blood test promises to speed up melanoma diagnosis ensuring patients get personalised treatment sooner.

  • Australian miners eye new Argentine opportunities

    New policies and reforms aimed at attracting increased foreign investment into Argentina, particularly into its resources sector, are strengthening opportunities for Australian companies.

    Ms Shannon Powell, Austrade’s Santiago-based Senior Trade Commissioner for Andean Latin America, said the election of Argentina’s pro-business president Mauricio Macri has generated strong interest from Australia’s mining, engineering, technology and services (METS) sector.

  • NSW VET student named National Teacher of the Year

    NSW has taken one of the top honours at the 2016 Australian Training Awards for Vocational Education and Training (VET) students held in Darwin last night.

    Deputy Premier and Minister for Regional Development, Skills and Small Business John Barilaro extended his congratulations to all six NSW finalists and, in particular, the Australian VET Teacher/Trainer of the Year, Donna Colombini.

    Throughout 16 years of teaching hairdressing, Donna has encouraged each student to gain core salon skills, along with an understanding of latest trends and techniques.

  • Male bonding: good for mental health

    Lack of social connections can lead to a higher risk of developing a mental health condition, but Australian men have a range of opportunities for social interactions, according to the Australian Bureau of Statistics (ABS).

    Dr Paul Jelfs, ABS General Manager of Population and Social Statistics, said that 75 per cent of Australian men had weekly face-to-face contact with family or friends living outside their household in 2014, while almost 9 in 10 men (89 per cent) also had weekly contact through other means such as phone calls, text messaging and email.

  • The changing demographics of international visitors to Australia

    Tourism Research Australia (TRA), Australia’s leading provider of tourism intelligence located within Austrade, is celebrating the golden jubilee of delivering tourism data this year.

    A nostalgic look back over previous decades gives an insight into the changing composition of Australia’s international visitors.

    Janice Wykes, TRA Assistant General Manager, said a lot has changed in the last 50 years. Tourism now directly contributes A$47.5 billion to Australia's GDP, employs 580,800 Australians and accounts for 9.6 per cent of Australia’s exports.

  • ATO issues warning on contrived trust arrangements

    The ATO has released a Taxpayer Alert today cautioning against arrangements that minimise tax by creating artificial differences between the taxable net income and distributable income of closely held trusts.

    Deputy Commissioner Michael Cranston said the ATO is investigating arrangements where trustees are engineering a reduction in trust income to improperly gain favourable tax breaks, or sometimes pay no tax at all.

    “Trusts are an important structure used by many people appropriately and in accordance with the law,” Mr Cranston said.

  • MySmallBusiness Column - Early Trumps late when it comes to payments

    One of the criticisms levelled at president-elect Donald Trump during the highly contentious U.S. election campaign was that the businessman reportedly stiffed subcontractors who'd been hired to undertake work for his various business ventures.

    Numerous small businesses – from carpenters to plumbers and chandelier installers – came forward to say they hadn't been paid on time, or worse still, hadn't been paid at all.

    Unfortunately, the issue of late payments is far from unique.

  • Payment Times Inquiry Underway

    The payment practices of big businesses and governments across the country will be put under the microscope by Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell during an inquiry aimed at weeding-out patterns of behaviour that are undermining the financial viability of small businesses and putting pressure on the entire economy.

  • AIBS 2016: Why do Australian firms participate in global value chains?

    In the AIBS 2016 survey we asked questions on global value chains (GVCs), also known as global production networks, for the first time, and the exercise gave us insight into the reasons why firms chose to participate in these networks.

    Twenty-nine percent of our 913 respondents said they were involved in global value chains, this equates to over 250 firms who said they were part of a production process spread across multiple geographies.

  • ACCC notified of an access dispute over charges at the Port of Newcastle

    The Australian Competition and Consumer Commission has been notified of an access dispute between Glencore Coal Assets Australia Pty Ltd (Glencore) and Port of Newcastle Operations Pty Ltd (PNO) in relation to the shipping channel service at the port. Glencore notified the ACCC of the access dispute on 4 November 2016 and has requested that the ACCC arbitrate.

  • High Court judgement confirms blatant tax evasion

    Today Hua Wang Bank Berhad and Bywater Investments Limited’s appeal to the High Court was unanimously dismissed, confirming that the corporate entities were residents of Australia for tax purposes.

    Tax Commissioner Chris Jordan said the decision means that any parties who set up complex structures offshore with the clear intent to avoid paying tax in Australia, should take a hard look at what they are doing and whether they want to run the risk of being caught and seriously penalised.