Tuesday, 01 December 2015 Sydney

Invest In Australia News::

  • Interview with Edwina Bartholomew, Sunrise, Melbourne

    It's a very good morning to Kelly O’Dwyer who is not only the Assistant Treasurer but also the Minister for Small Business, so you know how to make money and how to spend money. Tell us Kelly, why should people get out there and support small business?


    Because small business is the life blood of the Australian economy. There are more than two million small businesses here in Australia. They employ more than 4.5 million people. They give around $340 billion to our national economy and here in Higgins which is where we are today, there are 20,000 of them.


    Kochie will be salivating over these figures here Kelly. You are from this local area, what’s your local tip if people are coming to visit?

  • Have your say on the next generation of on-farm irrigation efficiency programmes

    The Australian Government is calling on irrigators, industry and potential delivery agencies to have their say on the design of a new on-farm irrigation efficiency programme. 

    Minister for Agriculture and Water Resources, Barnaby Joyce, said the Commonwealth On-Farm Further Irrigation Efficiency (COFFIE) programme was the first in the next generation of Australian Government programmes that will support on-farm water use efficiency across the Basin. 

    "This program has the potential to drive the development of the innovative, productive farms of the future," Minister Joyce said. 

  • KPMG announces Brand & Innovation successor

    KPMG Australia has appointed Ken Reid as National Managing Partner, Brand & Innovation, with an expanded remit now including Disruption. Effective immediately, he succeeds Martin Sheppard, who leaves the firm this month to begin his new role as CEO of Spotless Group Limited.

    A KPMG partner who has worked in the UK and Australian firms for over 17 years, Mr Reid led KPMG’s Australian Media sector, and is the Partner in Charge of Corporate Audit in Sydney.


  • EY’s analysis of the Australian major banks’ 2015 full year results

    Australia’s major banks have delivered another solid financial performance, reporting combined cash earnings of $30 billion for the 2015 full year – an increase of 5.4% from the same period last year.

    According to EY’s analysis of the full year results of Australia’s big four banks, despite reduced pressure on funding costs, increased competition, lower rates and regulatory capital requirements are constraining interest margins and growth is slowing.   

    EY’s Oceania Banking and Capital Markets Leader, Tim Dring says: “Slowing growth and declining returns are a clear signal that we’ve reached the end of the banks’ golden era.”

  • Deloitte Legal Contacts

    Today's multinational organisations need legal advisors who can assist them with both day-to-day activities as well as corporate life events, and who can serve them well in many jurisdictions. Deloitte member firms provide holistic guidance around strategic business decisions as well as offer support services that can increase efficiency and reduce the cost of some routine legal activities. Please select the region/country or the area of business solution below to find the right Deloitte Legal contact.

    2 Nov 2015

  • New agreement to see breeding cattle and buffalo to Indonesia

    Australian productive breeding cattle and buffalo will be exported to Indonesia in greater numbers, after health protocols were renegotiated between the Indonesian and Australian governments that will allow more efficient preparation of animals for export.
    The breakthrough is expected to deliver strong benefits for both nations and follows a recent successful visit to Indonesia by the Minister for Agriculture and Water Resources, Barnaby Joyce.
    “Australia's live export trade with Indonesia is a valuable trade that delivers benefits to the economies of both nations. It also helps underpin the wellbeing and livelihoods of Australian and Indonesian citizens alike,” Minister Joyce said.

  • Australian Growth Company Awards

    Growth Company of the Year
    • Employsure Pty Ltd 
    Women in Leadership 
    • Christine Holgate, Chief Executive Officer & Managing Director, Blackmores
    Agribusiness and Food Growth Company of the Year
    • Green’s Foods Holdings Pty Ltd
    Financial Services and Business Services Growth Company of the Year
    • InfoTrack Pty Limited 
    Health and Life Sciences Growth Company of the Year
    • Blackmores
    Technology Growth Company of the Year
    • amaysim Australia Limited 
    Exit of the Year
    • Tasman Lifestyle Continuum (Sale of Tasman Lifestyle Continuum to Gateway Lifestyle and IPO of the combined business)
    Special Recognition
  • Trade Winds

    Trade Winds is a weekly round-up from the Economics team at Austrade that brings together a selection of news, analysis and trends from around the globe relevant to Australia’s trade and investment interests.

  • ​Sweet research leadership

    Minister for Agriculture and Water Resources, Barnaby Joyce, today welcomed new appointments to the Sugar Research Australia (SRA) board to guide the productivity, profitability and sustainability of the sugarcane industry.
    “The breadth of experience the new chairman and two new board members bring from both within and outside the industry will provide strong leadership at a time of opportunities and challenges for the industry,” Minister Joyce said.
    “I thank Mr Paul Wright AM as he ends his tenure at the inaugural chair of SRA, for his excellent leadership during SRA’s establishment phase.
    “I also thank board member Mr John Pollock, who resigned from the SRA board earlier this year to take on the position of Chair of SRA’s Research Funding Panel.

  • Funds approved for Gulf of Carpentaria road upgrade

    Around 7 kilometres of the Gregory-Lawn Hill Road in the Gulf of Carpentaria will be sealed thanks to $1.5 million in Australian Government funding. 

    Deputy Prime Minister and Minister for Infrastructure and Regional Development, Warren Truss, said property owners, heavy vehicle operators and tourists visiting Burke Shire will all benefit from the upgrade. 

    "These sealing works are being funded under the Australian Government's $35 million Drought Communities Programme and will improve accessibility and safety," Mr Truss said. 

  • An innovative plan for more adequate retirement income

    30 October 2015: The winner of this year’s 2015 Financial Services Council/Deloitte Future Leader Award is the Commonwealth Bank of Australia Wealth’s Laura Bielinko.

    “In a creative approach backed by research, Laura looked at ways to provide more adequate retirement incomes to Australians,” said Neil Brown, Deloitte Wealth Management Leader.

  • First Australia-US Business Week to deepen commercial ties

    Minister for Trade and Investment Andrew Robb has today announced a major new initiative to promote deeper business links with the United States, the world’s largest economy.

    The inaugural Australia-US Business Week (AUSBW) will be staged across six major cities in the United States in February 2016. A series of high-level events will focus on trade, investment, innovation and tourism

    “This event will be the premier business-to-business component of the Government’s efforts to strengthen our commercial ties with the US, a global leader in innovation and our top two-way investment market,” Mr Robb said.

  • Approvals processes for Sino-foreign joint institutions and joint programs in China

    In China there are three broad tiers of educational cooperation in schools that require formal approval from the relevant Chinese education authority, as well as articulation programs that do not require formal approval. This update provides more information about each of these types of cooperation, and the relevant approving authority.

    28 Oct 2015

  • Education Market Profile – Pakistan

    With over 60 per cent of the population in Pakistan aged below 30, meeting Pakistan’s training and development needs presents a wide range of opportunities for Australian education and training providers.

    The Education Market Profile highlights trends, opportunities and provides on-the-ground insights into the Indonesian market, from Austrade's offshore network. 


    28 Oct 2015

  • Embracing China’s role in the world

    An iconic new building at the Australian National University (ANU) in Canberra will further open up Australia’s engagement with China through learning and research collaboration and exchanges.

    Minister for Education and Training Senator Simon Birmingham officially opened the Australian Centre on China in the World building today, saying it would deepen the already strong ties between the two countries.

    “Now is an exciting time as we seize the incredible job and economic opportunities from the historic China Australia Free Trade Agreement,” Senator Birmingham said.

  • Opening of the China in the World Building, Australian National University

    SIMON BIRMINGHAM: Thank you very much Professor Ian Young for that welcome. Vice-Chancellor it is a delight to be here at the Australian National University for this very important occasion, the opening of the centre for China. The opportunity for this university to be able to cement its position as not just one of Australia’s leaders in China-Australia studies and relations but, of course, one of the world’s leaders in relation to China studies. I acknowledge you, the Vice-Chancellor, to the chair of the advisory board the Hon Warwick Smith; it is wonderful to have you here. To the director, Dr Benjamin Penny, thank you very much. To all who have gathered here, thank you for attending and in particular to Tina Brown thank you for the welcome to Ngunnawal country.

  • ​$379.9 million Post Entry Quarantine facility opens

    Minister for Agriculture and Water Resources, Barnaby Joyce, today officially opened Australia’s $379.9 million state-of-the-art Post Entry Quarantine (PEQ) facility, demonstrating the government’s commitment to safeguarding the nation’s agriculture, environment and economy.
    “The 144 hectare site is light-years ahead of existing ageing facilities—it’s more than five times the size of the largest facility in Australia,” Minister Joyce said.
    “It helps to future-proof our farmers from the impacts of serious pests and diseases that could devastate our $52.8 billion agricultural industries—forecast to rise to $57 billion in 2015-16—as well as our unique environment, native flora and fauna, our tourism industries and our lifestyle.

  • Australian banks learning lessons from financial scandals

    In the wake of a spate of high profile financial planning scandals, Australia’s major financial institutions are continuing to spend huge amounts on remediation programs. In this environment, banks are being challenged to use the lessons of the past as they confront the future.

    While controls - particularly those biased towards protecting the banks - have been a traditional focus area, non-financial risks, such as culture and conduct, are now also receiving unprecedented levels of attention.

  • Australia’s government digital transformation

    27 October 2015: Less than 30% of Australian public sector respondents to a Deloitte global survey are confident in their organisations’ ability to respond to digital trends.

    The survey report from Deloitte’s Public Sector Research group, The Journey to Government’s Digital Transformation, examines digital technology’s ability to fundamentally transform the way public sector organisations operate and deliver services to citizens, and offers strategies for government leaders to help accelerate progress.

  • Government helping new exporters learn the tools of trade

    Trade and Investment Minister Andrew Robb has launched a program aimed at providing new exporters with the skills they need to capitalise on the opportunities created by the landmark free trade agreements with Korea, Japan and China.

    The Government will provide $2.45 million over two years to assist with training for small and medium-sized (SMEs) business owners and employees, to better understand exporting and to learn how to access and take advantage of our new trade agreements with our largest Asian trading partners.

    “Australia has negotiated preferential treatment under Australia’s FTAs with China, Japan and Korea, but these benefits are meaningless if we don’t seek to quickly take advantage of the opportunities opening up in the region around us,” Mr Robb said.

  • Trade Winds

    Trade Winds is a weekly round-up from the Economics team at Austrade that brings together a selection of news, analysis and trends from around the globe relevant to Australia’s trade and investment interests.

  • Water tender reflects sound Murray–Darling management

    The Commonwealth Environmental Water Holder (CEWH) is selling 20 gigalitres of water excess to environmental needs through a competitive tender process.

    Minister for Agriculture and Water Resources, Barnaby Joyce, welcomed the announcement and said the decision to trade was based on sound management of environmental water resources in the Murray Darling Basin Plan.

    “Water is a precious resource and water saved is like money in the bank,” Minister Joyce said.

    “Good water management means that we can invest wisely in the future of agriculture, communities and the environment—to guarantee the future of the basin all three must thrive.

  • Apply now for 2015-16 Drought Concessional Loans in Victoria

    Applications are now open for drought-affected farmers in Victoria under the 2015–16 round of the Drought Concessional Loans scheme.

    Minister for Agriculture and Water Resources, Barnaby Joyce, and Victorian Minister for Agriculture, Jaala Pulford, said the scheme will help those doing it tough to manage through drought and to fund drought recovery and preparedness activities.

    "Drought is one of the biggest challenges our farmers face—and I have seen first-hand the devastating impact it has on our rural communities," Minister Joyce said.

    "This is why the White Paper invests $2.97 billion to help farmers manage risk and prepare for drought, as well as giving them greater certainty about what support will be provided in-drought.

  • Traffic flows on Yeppen Floodplain Upgrade

    Another Bruce Highway milestone has been marked this week with the $170 million Yeppen Floodplain Upgrade now open to traffic.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the highly anticipated project is a significant boost to motorists and the community.

    “By duplicating this section of the Bruce Highway we have doubled the capacity of the road south of Rockhampton, reducing travel times for freight operators and other drivers,” Mr Truss said. “The upgrade includes a high-level floodplain crossing on the southern approach to the city, ensuring all traffic continues to move efficiently even during wet weather.”