Sunday, 23 November 2014 Sydney
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Invest In Australia News::

  • Green Light for Werrington Arterial Stage 1

    The Australian and New South Wales Governments are getting on with building a stronger and more prosperous Western Sydney by today committing $70 million towards the Werrington Arterial Road Stage 1 upgrade and announcing tenders for construction.

    This new funding increases our joint Western Sydney Infrastructure Plan to $3.6 billion further boosting the region's productive capacity to capitalise on the economic gains from developing an airport at Badgerys Creek and cutting journey times for residents travelling to the M4.

  • $22 million investment brings new jobs to Colac

    Up to 200 jobs will be created in Colac in a project to be funded by the Australian and Victorian Government’s $29.5 million Geelong Region Innovation and Investment Fund (GRIIF) that is also supported by Ford Australia and Alcoa of Australia.

    Australian Minister for Industry Ian Macfarlane, Victorian Minister for Manufacturing David Hodgett, Federal Member for Corangamite Sarah Henderson and State Member for Polwarth Terry Mulder today announced a grant of $3.25 million to Colac business Australian Lamb (Colac) Pty Ltd.

    This grant will allow Australian Lamb to put in place their $22 million Production Expansion and Export (PEEP) Program.

  • G20 Finance Ministers and Central Bank Governors meeting Washington, DC

    We have just completed the final working session of G20 Finance Ministers and Central Bank Governors under Australia’s Presidency.

    We have spoken a lot about economic challenges. While some key economies are recovering, others face renewed weakness. 

    But we have emerged with optimism. We are determined to achieve outcomes that will strengthen the recovery as we head to the Brisbane Leaders’ summit in November. 

    Our new growth strategies will deliver a 1.8 per cent increase in global GDP over five years. This will mean $2 trillion to the world economy and millions of new jobs.

    We will not stop there. We will continue to work hard to achieve the 2 per cent goal that was set in Sydney.

  • Applications open soon for $18 million Australian Small Business Advisory Services programme

    A new funding round will soon open to improve the accessibly, volume and quality of low cost business advisory services available to small businesses and family enterprises as part of the $18 million Australian Small Business Advisory Services (ASBAS) programme.

    The Abbott Government is committed to helping established not-for-profit small business advisory service providers to deliver low cost advice and information services to new and established small businesses, family enterprises and start-ups.

    We know small businesses and family enterprises often have limited time, resources and financial capacity to find and obtain accurate information to help grow their business.

  • 23 new jobs to be created in Broadmeadows through $1.1million MNIIF grant

    The Victorian Coalition Government, in partnership with the Federal Government and Ford Australia, today announced funding assistance to a Broadmeadows-based manufacturer to help expand its local operations and create new jobs.

    Federal Industry Minister Ian Macfarlane said the $1.1 million Melbourne’s North Innovation and Investment Fund (MNIIF) grant would assist food manufacturer Colonial Farm to establish a third production line at its new manufacturing and warehouse plant.

    "The $4.3 million third production line will enable Colonial Farm to substantially expand the range and volume of food products that it manufactures.

  • Cloud adoption streamlined for Government

    The Government is committed to the use of cloud to improve the efficiency of its services while maintaining data security and provide services that are more responsive to business and community needs.

    Our E-Government and the Digital Economy plan recognises that the community expects Government services to be responsive and available where and when they want them. By adopting cloud, the Government will be able to deliver better and more efficient services.

    The Government procures approximately $6 billion of ICT services annually, but only a fraction of this is spent on cloud services.

  • EFIC’s renewed focus on SMEs to boost jobs and growth

    Australia’s Export Finance and Insurance Corporation (EFIC) will be refocused to increase its capacity to finance small and medium sized businesses seeking to capitalise on global trade opportunities.

    Traditionally, SMEs find it more difficult to secure export finance through banks, particularly when exporting to emerging markets.

    Under CEO Andrew Hunter, EFIC has been focused on simpler and more streamlined credit application processes, to reduce the time and cost of doing business with EFIC.

  • Tender open for Employment Services 2015-20

    The Australian Government today released the Request for Tender for Employment Services 2015-20, and invited bids from organisations that have the capacity and determination to help more job seekers find and keep a job.

    Minister for Employment Senator Eric Abetz said the Government was investing $5.1 billion in a new model to operate from 1 July 2015 to better meet the needs of job seekers, employers and employment-services providers.

    “The Government is committed to helping more job seekers move from welfare to work so as to enjoy the financial and personal benefits that work brings,” Senator Abetz said.

  • $5 million in National Landcare Programme grants to celebrate 25 years of Landcare

    Australian communities will share in $5 million in 25th Anniversary Landcare Grants 2014-15 to help restore local environments in a new initiative as part of the Australian Government’s National Landcare Programme.

    Minister for the Environment, Greg Hunt, and Minister for Agriculture, Barnaby Joyce, were pleased to announce the new 25th Anniversary Landcare Grants 2014-15 as part of Landcare’s 25th anniversary celebrations, saying the grants would be available from mid-September.

  • $5 million in National Landcare Programme grants to celebrate 25 years of Landcare

    Australian communities will share in $5 million in 25th Anniversary Landcare Grants 2014-15 to help restore local environments in a new initiative as part of the Australian Government’s National Landcare Programme.

    Minister for the Environment, Greg Hunt, and Minister for Agriculture, Barnaby Joyce, were pleased to announce the new 25th Anniversary Landcare Grants 2014-15 as part of Landcare’s 25th anniversary celebrations, saying the grants would be available from mid-September.

  • $40 million boost for QLD and NSW farmers in need

    Additional funding will be available to farm businesses through the Farm Finance concessional loans scheme with Queensland and New South Wales each receiving an additional $20 million boost.

    Minister for Agriculture, Barnaby Joyce, said he had allocated the reserve funds for 2014-15 to Queensland and New South Wales because farmers in these states were doing it tough and experiencing financial hardship.

    "Farmers in Queensland and NSW have been battling the drought, and many continue to deal with the effects of drought conditions on their farms. These loans are just one way we can help farmers get through these hard times.

    Minister Joyce said this announcement should put to rest Labor's mischievous claims about the "missing $40 million".

  • Trade data shows resources and energy transition

    New data released today shows the ongoing transition in our resources and energy sector, with production increases translating into increased export volumes, Minister for Trade and Investment Andrew Robb said.

    Australian Bureau of Statistics Trade in Goods and Services data shows that Australian metal ores and minerals exports rose 0.4 per cent (seasonally adjusted) in the month of August to $7.3 billion. Coal exports were up 3.7 per cent to $3.2 billion.

  • 20 Million Trees launched with first grants round now open

    The Australian Government is inviting communities across the country to get involved in the 
    20 Million Trees Programme with the first competitive grants round now open for applications.

    The 20 Million Trees Programme was a key Coalition election commitment and is a vital part of the Australian Government's National Landcare Programme.

    The Government is investing $50 million over the next four years to re-establish Australia's green corridors and urban forests through the 20 Million Trees Programme.

    It's an important part of the Government's total investment in natural resource management which amounts to over $2 billion over the next four years.

  • Roads to Recovery on the way to councils

    Local councils across Australia will this week receive advice of their allocation under the Australian Government's Roads to Recovery programme.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss today confirmed he will be writing to all councils to advise each local government authority of its share of the Australian Government's $2.1 billion injection into Roads to Recovery over the 2014–15 to 2018–19 period.

    “This year, the Australian Government is allocating $350 million to councils under Roads to Recovery,” Mr Truss said.

  • The Australian Government is providing $4 million across five years to the Royal Life Saving Society Australia – part of a $15 million package to cut drowning deaths across the nation.

    With a staggering 266 people dying in Australian waterways last year, the Australian Government has stepped up its efforts to reduce the number of drowning deaths in Australian waterways. 

    The Australian Government is providing $4 million across five years to the Royal Life Saving Society Australia – part of a $15 million package to cut drowning deaths across the nation.

    The Minister for Health and Minister for Sport Peter Dutton announced the funding while launching the Royal Life Saving National Drowning Report 2014 at Parliament House today. 

    The $4 million to the Royal Life Saving Society Australia is aimed at preventing drowning in inland waterways. 

  • Trade and Investment Minister Robb visits the United States

    Minister for Trade and Investment Andrew Robb will discuss the Trans-Pacific Partnership Agreement (TPP) with the US Trade Representative, Ambassador Mike Froman, during his fourth Ministerial visit to the United States on 29 and 30 September.

    “Australia is committed to concluding an ambitious, commercially meaningful TPP, including high quality market access outcomes. I will be discussing with my US counterpart, Ambassador Mike Froman, how to move the TPP towards successful conclusion”.

    The TPP is being negotiated between twelve countries in the Asia Pacific region, which together account for almost 40 per cent of global GDP. It will provide an important new platform for market access opportunities and economic integration in our fast growing region.

  • Pre-registration open for Medibank Private Share Offer

    Australians can now pre-register to receive a prospectus for the Medibank Private Share Offer.

    The pre-registration process is another important step in the Government’s orderly and methodical execution of the sale of Medibank Private.

    Medibank Private is Australia’s largest private health insurer and provides health insurance cover for over 3.8 million people across Australia.

    Australian residents who pre-register to receive a prospectus and then apply for shares can receive a preferential allocation of shares.

  • New legislation to address the 4.5 million appointments missed by job seekers each year

    Assistant Minister for Employment Luke Hartsuyker today introduced legislation into the House of Representatives to ensure more job seekers attend their compulsory appointments with their employment providers.

    The Social Services and Other Legislation Amendment (Strengthening Job Seeker Compliance) Bill will tighten the rules to encourage more job seekers to attend their appointments with their providers - or to ring up ahead of time and reschedule - rather than simply not turn up and waste their employment provider’s time.

    “In 2013-14, 12.75 million compulsory appointments with employment providers were scheduled and, of these, 4.47 million were not attended by job seekers," Mr Hartsuyker said.

  • Legislation to ensure funding for Indigenous students and students with disability

    Legislation that will clear the way for an extra $6.8 million to flow to non-government schools that have large numbers of Indigenous boarding students from remote areas was introduced into the Australian Parliament today.

    Minister for Education, the Hon Christopher Pyne MP said that, if passed by the Parliament, the Australian Education Amendment Bill 2014 will also protect $2.4 million for students with disability.

    “This Government is committed to making sure every Australian child has the opportunity to reach their potential through a great education, that’s why we’re investing a record $64.5 billion in schools over the next four years,” Mr Pyne said.

  • Media Release: Man charged with proceeds of crime offence

    This is a joint media release between the Australian Federal Police (AFP) and Queensland Police Service (QPS).

    A 32-year-old Kingston man has been charged with proceeds of crime offences as part of an ongoing operation being conducted by the Brisbane based Joint Counter Terrorism Team (JCTT), which includes members of the Australian Federal Police (AFP) and Queensland Police Service (QPS).

    On Thursday 25 September, officers conducted a search warrant in the Brisbane suburb of Kingston as part of this ongoing operation.

  • The resources and energy sectors continue to drive economic growth

    Australia’s resources and energy commodity export earnings increased 12 per cent in 2013-14 to total $195 billion according to the Resources and Energy Quarterly–September Quarter 2014, released today by the Bureau of Resources and Energy Economics (BREE). Continued growth in volumes and a more favourable exchange rate offset lower commodity prices for most commodities. 

     

  • Australian Government funding to support greater autonomy in South Australian government schools

    The Australian Government’s $70 million Independent Public Schools (IPS) initiative will improve the capacity of school leaders and communities within South Australian government schools to make their own decisions.

    Between 2014 and 2017, South Australia will receive $5.53 million in federal funding.

    To find out more, visit the Students First website.

     

     

     

    25 Sep 2014

  • 14-246MR Etrade Australia Securities Limited pays $55,000 infringement notice penalty

    Etrade Australia Securities Limited (Etrade) has paid a penalty of $55,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The penalty was for failing to prevent the entry into the ASX Trading Platform of an erroneous order which resulted in a market for SPDR MSCI Australia Select High Dividend Yield Fund units not being both fair and orderly.


    Background and circumstances


    The MDP was satisfied that:

  • Federal Court orders $300,000 penalty after finding 'free range' egg claims to be misleading

    The Federal Court has declared by consent that Pirovic Enterprises Pty Ltd (Pirovic) engaged in misleading conduct and made misleading representations in its labelling and promotion of eggs as ‘free range’, in proceedings brought by the Australian Competition and Consumer Commission.

    The Court ordered that Pirovic pay a pecuniary penalty of $300,000 and contribute to the ACCC’s costs.

    From January 2012 until January 2014, Pirovic used egg cartons which included the words ‘Free Range’ and images of hens on open pasture.