Sunday, 25 February 2018 Sydney
RSS
Connect
Newsletter

Invest In Australia News::

  • Don't friend a scammer this Valentine's Day

    The ACCC is warning people to be careful about who they ‘friend’ online this Valentine’s Day with stats showing people are most likely to be preyed upon by dating and romance scammers on social media sites.

    Australians reported losses of $20.5 million to Scamwatch from dating and romance scams in 2017 with more than 3700 reports. These numbers are just the tip of the iceberg. Women lost nearly twice as much money as men and people aged 45 and over are most likely to be targeted.

  • Letore ordered to compensate migrant victims

    The Federal Court has ordered Letore Pty Ltd (Letore) to compensate victims of a permanent residency program, which was operated by Clinica Internationale Pty Ltd (Clinica), for amounts they paid to Clinica.

    In 2016, the Federal Court found that Clinica had engaged in unconscionable conduct and made false or misleading representations about the program.

    On 9 February 2018 , the Court held that Letore and a related company, Swishette Pty Ltd, were knowingly concerned in the contravening conduct of Clinica. At the time of the conduct, Letore’s sole director, Mr Radovan Laski, also controlled Clinica.

  • High expectations of Royal Commission by small business

    On this, the first day of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the Australian Small Business and Family Enterprise Ombudsman says now is the time for small businesses that have suffered from questionable conduct by the banks to have their say.

    “While we are pleased that banks have made changes to small business loan contracts, there is still more work to be done,” said Ombudsman Kate Carnell.

    “The Commission needs to probe past dispute cases where small businesses were often forced to close and people lost their jobs, and provide them with an opportunity to tell their stories.

  • Chinese online retailer JD.com sets up shop in Melbourne

    Victoria’s businesses will have access to millions more international customers now that one of China’s largest online retailers is opening its regional headquarters in Melbourne.

    JD.com has over 266 million customer accounts making it one of the largest e-commerce companies in China. The company’s presence in Victoria will help local businesses connect with new customers.

    The company operates seven fulfilment centres and more than 400 warehouses, covering 2,830 counties and districts throughout China. It sells everything from vitamins and electronics to clothing and books.

  • Safety testing starts for Sydney Metro trains

    The first Sydney Metro train is undergoing testing on the tracks ahead of services starting in 2019.

    The state-of-the-art train is currently at Sydney Metro HQ at Rouse Hill, where the brakes, acceleration, passenger information displays, lighting and door operations are being tested.

    The train testing will expand to Cudgegong Road station in Rouse Hill and on to the skytrain(external link). It will eventually run through the new twin 15km tunnels between Bella Vista and Epping(external link).

  • Key tax tips for accommodation sharing

    The ATO is reminding taxpayers who rent out all or part of their home through accommodation sharing services to ensure they understand their tax obligations.

    Declare income

    The ATO’s Deputy Commissioner for Small Business, Deborah Jenkins, said the most important thing to remember is that all income earned from renting out all or part of a property needs to be declared.

    “It doesn’t matter if it’s only for one week of the year, or a few weeks here and there, every dollar needs to be declared,” Ms Jenkins said. 

  • Migration bills another burden on small business

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, says the legislation put forward around the skilled migration scheme is just another blow for small businesses.

    Commenting on a Senate Committee report released today, Ms Carnell said increasing the cost of temporary migration for work visas will add to the angst already involved in the complex and time-consuming process of securing a suitable worker.

    “We know that small businesses contribute significantly to the training of their own workforce and are more than happy to do this,” Ms Carnell said.

  • $11.1 Million To Support Australian Vineyard Profitability And Management

    A new $11.1 million research and development partnership between the State Government and Wine Australia will seek to improve the profitability of the grape and wine sector.



    The five year deal will see Wine Australia and PIRSA's South Australian Research and Development Institute (SARDI) investigate disease management, vineyard resilience and performance of different varieties.

  • NBN retailers acquired 38% more CVC

    The ACCC has released its eighth quarterly National Broadband Network Wholesale Market Indicators Report for the period ending 31 December 2017.

    The report highlights a significant increase in Connectivity Virtual Circuit (CVC) acquired, from 1.11 megabits per second (Mbps) to 1.53 Mbps per user since the September 2017 quarter, an increase of 38 per cent.

  • Hyundai to improve consumer guarantees approach

    The ACCC has today accepted a court enforceable undertaking from Hyundai to improve its compliance with consumer guarantee obligations under the Australian Consumer Law (ACL). 

    Customers have automatic rights under the ACL, regardless of whether a problem with a new car is covered by the manufacturer’s warranty, and may in fact be entitled to a better remedy under the consumer guarantees than a warranty.

  • Melbourne’s new High Capacity Metro train on public display

    The Victorian Government will soon launch the final life-size model of Melbourne’s new High Capacity Metro Train, giving people their first chance to experience the biggest, most advanced train in Victoria’s history.

    Premier Daniel Andrews and Minister for Public Transport Jacinta Allan inspected the model train today, which will be on public display at Birrarung Marr from 9 – 17 February.

  • Victorian businesswomen get first-hand look into Asian markets

    Victorian businesswomen are being helped to go global as part of a revamped Victorian Women in International Business program.

    An initiative of the Victorian Government’s ‘Globally Connected: Victoria’s Trade Statement‘, the program last month gave business owners  first-hand insight on how to take their products, knowledge and expertise to  global markets at the ‘Victorian Women in International Business Pan-Asia Export training’ event.

  • Quest for stability by regulators hurts small business

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, supports a key finding in the draft Productivity Commission report, Competition in the Australian Financial System, which states the benefits of competition to the individuals and businesses for whom the financial system exists, are being reduced in the quest for stability.

    It also says that prudential regulation substantially limits the scope for traditional price competition in banking.

    “Australia’s prudential rules are focused on system stability, which results in limiting small business credit,” Ms Carnell said.

  • Sydney embraces its history with new naming policy

    Sydney’s most significant historical figures, events and landmarks will lend their names to new streets, parks and community facilities under a new naming policy proposed by the City of Sydney.

    Sydneysiders are being asked to provide their feedback on the draft policy, which will guide the naming of suburbs, roads, open spaces and buildings owned, operated or managed by the City.

    Using names that reflect Sydney’s past helps raise awareness and understanding of the city’s rich collection of events and characters.

  • How one Mildura almond nursery is branching out in a big way

    Collaborating with a Spanish almond nursery is reaping rewards for one Mildura-based nursery.

  • ACCC releases guidance on free range egg standard

    The ACCC has today released guidance for egg producers on its approach to enforcing the new National Information Standard on free range eggs, which comes into effect on 26 April 2018.

    Under the new Standard, egg producers cannot use the words ‘free range’ on their egg cartons unless the eggs were laid by hens that:

  • Seeking creative nightlife advisors for a 24-hour city

    The City of Sydney is seeking people from across the local nightlife and creative sectors to join its new expert advisory panel tasked with invigorating the city after dark.

    The Nightlife and Creative Sector Advisory Panel will give the City advice on how best to support a thriving, diverse and safe nightlife.

    The panel will advise on new City initiatives, identify emerging issues and opportunities for Sydney’s night-time economy, and help the City engage with the local creative, cultural and nightlife community.

  • Avalon to be Victoria’s second international airport

    Victoria will host a second, curfew-free international airport at Avalon which will create more than 200 jobs, grow exports and boosting the visitor economy.

    Air Asia has announced that it will fly twice daily between Avalon and Kuala Lumpur, with flights expected by the end of 2018.

    The move will see 220,000 international passengers arrive in Avalon each year, opening up Geelong and the Great Ocean Road to more international visitors.

  • Australia’s largest purpose-built thoroughbred racing precinct, including a luxury five-star hotel and event centre, has opened its doors in western Sydney.

    The Inglis Riverside Stables complex at Warwick Farm includes:

    • 823 stables
    • a 144-room William Inglis Sofitel Hotel with suites named after champion race horses
    • restaurants and cafes
    • a unique ringside bar where people can dine and inspect the thoroughbreds.

    Minister for Western Sydney Stuart Ayres said the region is becoming a new hub for the equine industry.

  • Protecting South Australia's Prawn Industry From White Spot Disease

    A mandatory ban on the import of crustaceans from parts of Queensland has been extended to prevent the disease from entering South Australia.

    White spot disease (WSD) was first detected on a number of prawn farms in the Logan River and Moreton Bay areas of South East Queensland since December 2016.

    Following extensive surveillance work in Queensland, the risk area been reduced to the immediate area of originally infected farms on the Logan River and Moreton Bay (WSD
    control area). Until further notice the import ban restricts the importation of uncooked prawns from this area.

  • New smartphones boost communications for paramedics in blackspots

    Published 1st February, 2018 in Emergency Services

    Paramedics in rural and regional areas will receive high-tech smartphones to ensure they have undisrupted phone connection when responding to emergencies.

    In a new trial in Bateau Bay, Batemans Bay and Dubbo, 200 vehicles have been fitted with smartphones that function more efficiently than satellite phones in many environments. They are shock-proof, waterproof and dust-resistant.

  • Aboriginal & Torres Strait Islander student rate rise

    New schools statistics released by the Australian Bureau of Statistics (ABS) today show the grade 7 to 12 Apparent Retention Rate for Aboriginal and Torres Strait Islander people continued to increase in 2017.

    ABS Education, Crime and Culture Program Manager Stephen Collett said the Aboriginal and Torres Strait Islander grade 7 to 12 Apparent Retention Rate was 62.4 per cent nationally in 2017, up from 59.8 per cent in 2016.

    “These new figures show us that more students than ever, who identify as Aboriginal and Torres Strait Islander, are staying at school until grade 12,” Mr Collett said of the Schools Australia data.

  • World-Leading Wine Technology Company To Build Headquarters In South Australia

    A Nuriootpa-based business – specialising in producing innovative wine technologies – has been offered a $500,000 State Government to support a project that will create 19 full-time equivalent ongoing jobs.

     

    VA Filtration will use the Regional Development Fund grant to support building a $4.5 million purpose-built new technology facility on Pipeline Road.

    The facility will boost South Australia’s reputation as a world leader in innovative wine technologies.

  • Former Advanced Medical Institute director declared bankrupt

    A former director of AMI and NRM, Mr Jacov Vaisman, was declared bankrupt yesterday with the Federal Court granting the ACCC’s application for a sequestration order.

    The Court‘s order follows Mr Vaisman’s failure to pay the ACCC’s costs amounting to $3,679,359.00 in proceedings brought by the ACCC against AMI and then NRM. The Court also ordered the ACCC’s costs be taxed and paid from Mr Vaisman’s estate.