Sunday, 19 April 2015 Sydney
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Invest In Australia News::

  • It’s time to start a conversation about tax reform

    30 March 2015: The Federal Government today published its long-awaited tax reform discussion paper which first impressions suggest is a wide-ranging document posing broad-based questions.

    But a closer look reveals a lot more, according to David WatkinsDeloitte Partner, Tax Insights and Policy.

  • $9.56 million to fix WA bridges

    Twenty-five bridges on roads in Western Australia will soon be on the road to recovery with the Australian Government today approving $9.56 million for major upgrades.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said part of Western Australia's Roads to Recovery funding was reserved specifically for local government bridges.

    “Local governments in Western Australia are responsible for large areas and keeping bridges open is often a difficult task,” Mr Truss said.

    “Whether you live in downtown Perth or the remote Kimberley region, the Australian Government is serious about delivering the infrastructure you need to build your future.

  • Progress on Northern Territory roads driving forward

    A series of federally funded upgrades along the Arnhem Highway have delivered safer and more efficient travel for Northern Territory motorists.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the Australian Government provided $20 million to fully fund the upgrades on more than 20 kilometres of the Highway, with the Northern Territory Government having spent $1.4 million on concurrent works.

    “The works have not only provided a better road for Territorians but also a significant boost to the local economy,” Mr Truss said.

    “The project supported jobs for 94 people through the various contracts, including 18 Indigenous employees and 27 apprentices.

  • Cisco sees a bright future for Australia in the ‘Internet of Everything’

    US technology company Cisco is establishing its eighth global Internet of Everything (IoE) centre in Australia and investing more than A$21 million in training initiatives over the next five years.

    IoE is the intelligent connection of people, processes, data and things to the Internet.

    According to a recent Cisco study, Australia is one of the countries with the greatest potential to benefit from IoE, thanks to its proximity to Asia, its well-trained engineers and its innovation power.

    Cisco’s Australian Internet of Everything (IoE) Centre will be based in both Sydney and Perth, with initial partners being Sirca (a company owned by 40 universities), Curtin University and Woodside Petroleum.

  • Aussie Inclusion in "China Bank" a boost for Business

    The Federal Government's decision to be a part of the Asian Infrastructure Investment Bank is a bold move which encourages long term investment in a growing region which will benefit Australia, PwC Asia desk leader Andrew Parker said today.

    "The recent PwC report, the World in 2050, projected that by 2030 four of the World's top five economies will be in Asia, with only the United States interrupting Asia's dominance," he said.

  • Deloitte expands relationship with SAP to provide comprehensive business solutions and services

    New York, 14 March 2014 — Deloitte Touche Tohmatsu Limited (Deloitte Global) announced today that it has broadened its relationship with SAP AG (NYSE: SAP). Deloitte Global has signed a global value-added reseller (VAR) agreement with SAP which will permit participating Deloitte member firms to resell SAP® products and product maintenance support services under a single global framework. As a result, participating Deloitte member firms will be able to offer more complete business solutions that include SAP software and SAP maintenance, as well as industry-specific pre-configured solutions, implementation services, and application maintenance support services.

  • Two Industry Growth Centre Chairs announced

    The Australian Government has appointed the Chairs of its remaining two industry growth centres, responsible for Medical Technologies and Pharmaceuticals, and Oil, Gas and Energy Resources.

    The government is working towards implementing its A$188.5 million Industry Growth Centre initiative, in which five centres will be set up in areas of the economy where Australia has a competitive edge.

    Dr Bronwyn Evans, CEO of Standards Australia, will chair the Medical Technologies and Pharmaceuticals Growth Centre. Dr Evans was previously Senior Vice President, Quality, Clinical and Regulation, with Cochlear Limited. From 2009–2012, she chaired the Medical Technology Association of Australia (MTAA), the national association representing companies in the medical technology industry.

  • Australian Small Business and Family Enterprise Ombudsman poised to deliver for farmers​

    The Australian Government’s introduction of an Australian Small Business and Family Enterprise Ombudsman is good news for Australian family farms, the majority of which are also small busines​ses. 
    These small Australian businesses will soon have, in the Ombudsman, a new advocate at the federal level to better inform policy development and dispute resolution.
    Minister for Agriculture, Barnaby Joyce, said the contribution made by family farms in Australia depended on a strong understanding of their unique role at all levels of government. 

  • Deloitte 2015 Mortgage Report

    25 March 2015: Worth $1.4 trillion in our $5.7 trillion residential real estate market, home loans are one of Australia’s largest and most important capital markets. Given the strong tailwinds from last year’s 20% growth in loan settlements, and the current historically low interest rates, how sustainable is this level of loan origination in 2015?

  • $79 billion: Australia’s digital economy grows and grows

    25 March 2015: Australia’s rapidly growing digital economy has been valued at $79 billion, and 5.1% of GDP – bigger than traditional industry sectors such as agriculture, retail and transport.

    When Deloitte Access Economics first calculated the size of the internet economy for Google in its landmark The Connected Continent report in 2011, the $50 billion figure was forecast to grow to $70 billion by 2016.

  • Celebrate local Landcare achievements—nominate today!

    Minister for Agriculture, Barnaby Joyce, is calling on community groups, networks and individuals who participate in community Landcare and Coastcare activities to nominate a Landcare project or “local hero” for the 2015 State and Territory Landcare Awards, which opened this week.
    Minister Joyce said the National Landcare Awards were an important mechanism to promote innovative practices that foster improvements in productivity, competitiveness and sustainability of Australia’s primary industries.
    “For more than two decades the National Landcare Awards have celebrated Landcare and Coastcare achievements and the partnership between communities and the Australian, state and territory governments,” Minister Joyce said.

  • Applications now open for Australia’s largest ENR technology accelerator

    KPMG Australia today announced applications are open to tech start-ups to compete for places in Energise, Australia’s largest technology accelerator for the energy and natural resources (ENR) sector.

    The program, initiated and run by KPMG Australia, is designed to promote collaboration across the sector by connecting the brightest tech start-ups with Australia’s leading ENR companies. Energise aims to address some of the major operational problems currently faced by these companies, and provide start-ups with the opportunity to present their solutions.

     

    Corporate participants in the Energise program include: Atlas Iron, BHP Billiton, Fortescue, Inpex, Laing O’Rourke, MACA, Shell, Synergy, Woodside and Worley Parsons.

     

  • Technology investments a strategic priority and Digital, Analytics and Big Data the key bets for 2015

    24 March 2015: Today professional services firm Deloitte released its annual Deloitte Australia CIO Survey that highlighted how organisations across the globe are setting their sights on stronger growth and technology investment as a strategic priority. Digital, analytics and big data are taking precedence as technology is changing the way businesses operate and companies are adapting their operating models to reflect the digital economy.

  • TOPICS: Malcolm Fraser, Budget, Crossbench Senators

    MICHAEL ROWLAND: It is Federal Parliament’s last sitting week before the Government brings down its second Budget in May. The Finance Minister Mathias Cormann joins us from Parliament House. Mathias Cormann, good morning to you.

    MATHIAS CORMANN: Good to be here.

    MICHAEL ROWLAND: Federal Parliament is back today but normal business will be put to one side for condolence motions for the former Prime Minister Malcolm Fraser. What do you believe is his legacy to the country?

  • PwC to host second forum on women and leadership

    On Friday 28 February at 4.30am Sydney time, PwC will host its second global forum to students around the world. A recording of the webcast will be available shortly after.

    The live webcast is part of the Aspire to Lead: The PwC Women’s Leadership Series, which includes a number of programmes and workshops hosted by PwC that are designed to provide university students and new professionals with the tools to help them build leadership skills.

  • Digital disruption and the rise of Fintechs create opportunities and challenges in transaction banking

    23 March 2015: The digital challenge faced by banks is currently intensifying and the emergence of alternative non-bank players, or Fintechs, is creating both opportunities and challenges.

    A Deloitte report ‘Digital Transaction Banking: Opportunities and Challenges’, highlights how Fintechs are beginning to transform the financial sector by creating the capability for traditional banks to offer new services, while also potentially disrupting them with competitive propositions such as alternative payments mechanisms or crowd-funding.

  • ​Ombudsman inquiry into the Department of Agriculture

    The Minister for Agriculture, Barnaby Joyce, has today welcomed the outcome of a Commonwealth Ombudsman investigation into the Department of Agriculture’s handling of an ongoing investigation into bovine serum imports.

    The Commonwealth Ombudsman has found that the department’s actions in undertaking its investigation were reasonable and that no further investigation into the complaint was warranted.

    The department’s criminal investigation into bovine serum imports remains ongoing and the department should now be allowed to continue the investigation without interference in order to bring it to a conclusion.

  • KPMG Australia to expand cyber security business

    KPMG Australia will acquire Asia Pacific cyber security technology solutions business, First Point Global, as part of a global strategy to expand the firm’s cyber capabilities. Today’s announcement marks the fourth cyber acquisition by the KPMG international network in the past five months.

    First Point Global specialises in identity and access management (IAM). Founding partners John Havers and Jan Zeilinga will join KPMG’s Cyber Security leadership team and bring with them 30 professionals - the largest specialist IAM team in the country. The combined team, to be known as KPMG First Point Global, will offer clients a full spectrum of cyber services spanning consulting, systems implementation and ongoing support.

     

  • Deloitte appoints Krallis to lead Sydney practice

    19 March 2015: As the NSW State Treasurer celebrates the return of the Premier State’s mojo, with gross state product set to top the $500 billion mark, global professional services firm Deloitte is elevating one of its transformative leaders to the top state job in Sydney.

    Eighteen year Risk Services specialist Dennis Krallis takes the baton from Deloitte’s newly appointed Chief Strategy Officer John Meacock, in order to manage its largest office in Sydney.

  • Additional support for NSW emergency water infrastructure rebates

    The Australian Government today announced it would provide additional funding to assist with the overwhelming response to the 2013-14 NSW emergency water infrastructure rebate.
    Minister for Agriculture, Barnaby Joyce, said that 2013–14 saw an unprecedented demand for the rebate programme, which was supplemented by funding from the Australian Government. As a result the allocated funds had been exhausted.
    “I was concerned about the potential impacts of oversubscription to the scheme, and I have worked hard to find a way to help farmers who applied for a 2013–14 rebate after the programme was already fully subscribed,” Minister Joyce said.

  • Additional support for NSW emergency water infrastructure rebates

    The Australian Government today announced it would provide additional funding to assist with the overwhelming response to the 2013-14 NSW emergency water infrastructure rebate.
    Minister for Agriculture, Barnaby Joyce, said that 2013–14 saw an unprecedented demand for the rebate programme, which was supplemented by funding from the Australian Government. As a result the allocated funds had been exhausted.
    “I was concerned about the potential impacts of oversubscription to the scheme, and I have worked hard to find a way to help farmers who applied for a 2013–14 rebate after the programme was already fully subscribed,” Minister Joyce said.

  • Retail Forecasts

    18 March 2015: 2014 was a healthy year for retailers with through the year retail sales growth of 3.6% in real terms and 4.9% in nominal terms. Indeed, 2014 was the strongest year for retailers since prior to the GFC.

    This growth in retail spending occurred despite the fact that Australia’s unemployment rate has recently reached a decade high, and real wage growth remains painfully weak. Instead, low interest rates, rising asset prices, and the willingness of consumers to gradually reduce their rate of savings have been powerful influences in lifting spending.

  • South Australian precinct connects industry with innovators

    A new A$120 million education and research facility in South Australia’s Tonsley industrial district is attracting global and Australian companies and strengthening the precinct’s reputation as a major innovation hub.

    Flinders University recently opened the new building at Tonsley to house its School of Computer Science, Engineering and Mathematics, Medical Device Research Institute and Centre for Nanoscale Science and Technology, as well as business activities. 

  • Commonwealth taking steps to increase Indigenous jobs

    The Australian Government has unveiled two new reforms to significantly increase the development and growth of Indigenous businesses and employment.

    Minister for Indigenous Affairs, Nigel Scullion, said that from 1 July 2015 the Commonwealth would have clear and accountable targets to significantly increase Indigenous employees in the public sector and leverage the Commonwealth’s own $39 billion in annual spending to build Indigenous businesses and boost Indigenous employment.

    “These are two significant reforms which form part of the Government’s response to the Forrest Review – Creating Parity, and will, over the long-term, lead to significant growth in Indigenous employment,” Minister Scullion said.