Wednesday, 02 September 2015 Sydney
RSS
Connect
Newsletter

Invest In Australia News::

  • IA confirms Perth Freight Link is the solution

    Infrastructure Australia has confirmed that the Perth Freight Link is the infrastructure solution Western Australia needs to drive economic growth and boost the productive capacity of Perth's transport network.

    Contrary to the article in this morning's Western Australian newspaper, the Infrastructure Australia assessment does NOT say the project will result in fewer benefits.

    In fact, the assessment says the project aligns with Infrastructure Australia's strategic priorities to ‘increase productivity’, ‘expand productive capacity’ and ‘build on Australia’s global competitive advantages' through delivering a more efficient freight network.

  • Noise mitigation work on Warrell Creek to Nambucca Heads upgrade

    Works are progressing on the $830 million Warrell Creek to Nambucca Heads section of the Pacific Highway upgrade, with the noise mitigation contract awarded to GHD Pty Ltd.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the project would deliver almost 20 kilometres of four-lane divided highway and new interchanges at South Macksville and Warrell Creek.

    “The Warrell Creek to Nambucca Heads upgrade will reduce traffic passing through Macksville, which will significantly improve the town amenity,” Mr Truss said.

    “The Australian Government has committed $5.64 billion towards completing the Pacific Highway upgrade by the end of the decade.”

  • Wong and Labor face major economic test on free trade deal with China

    Trade and Investment Minister Andrew Robb is calling on Penny Wong to put the country’s future prosperity above internal Labor Party politics, and to stop peddling union lies about Australia’s landmark Free Trade Agreement with China (ChAFTA).

    “Our agreement with China – our biggest trading partner – will open up huge opportunities for our resources, agriculture, manufacturing and service industries and will create thousands upon thousands of jobs well into the future,” Mr Robb said.

  • Be biosecurity aware this Rakhi

    As Rakhi fast approaches, Australians and overseas relatives are reminded to be careful when selecting, bringing or sending gifts from overseas, as some items could unintentionally harbour harmful pests and diseases. 

    Minister for Agriculture, Barnaby Joyce, said Rakhi was a peak period for biosecurity officers at our airports and mail centres.  

    "The Hindu festival Rakhi, which this year falls on Saturday 29 August, is widely celebrated in Australia, with the relationship between brothers and sisters recognised through the exchange of traditional gifts such as colourful threads and traditional sweets," Minister Joyce said. 

  • Canadian pension funds invest in Australian agriculture

    Australian agriculture is becoming an asset category of choice for Canadian pension funds, with two of Canada’s major funds making recent investments into the sector.

    The Ontario Teachers’ Pension Plan Board, Canada’s largest single-profession pension fund, has invested in almond properties in Victoria while the Public Sector Pension Investment Board, has taken a stake in cattle properties in Queensland. Both investments reflect growing international interest in Australian agribusiness and food, buoyed by the sector’s reputation as a safe and stable supplier of high-quality food to Asian markets.

  • TOPICS: Commissioner Heydon, Marriage, Tax reform, Polls

    PATRICIA KARVELAS: The Federal Government is struggling to get its economic messages out with another day of debate on marriage equality and controversy at the Trade Union Royal Commission. Today a group of eight Lower House MPs introduced a marriage equality Bill and we’ll soon talk to the Bill’s sponsor Warren Entsch. His bill is unlikely to be voted on but its refocussed attention on what is the Coalition’s policy on marriage equality. Several front benchers have today publicly disagreed on the details. I spoke a short time ago with Finance Minister, Mathias Cormann just before he joined tonight’s Cabinet meeting.

    Mathias Cormann welcome to the program. 

    MATHIAS CORMANN: Good to be here.

  • Restart programme providing benefits to the ACT

    The Australian Government’s Restart programme has helped Canberra’s Rainbow Cottage Early Childhood Centre hire an older worker whose life time of experience is now benefiting some of Canberra’s youngest children.

    Senator for the ACT Zed Seselja joined Ambassador for Mature Age Employment, Susan Ryan AO at the Centre to see how Restart is helping the small business, its young charges and an older worker.

    Restart offers employers up to $10,000 in wage subsidies to help with recruitment and related costs when they hire an eligible job seeker aged 50 or over.

    Senator Seselja said the Restart programme made it easier for businesses to hire older Australians.

  • Small Business can unlock big growth with the internet: PwC & Google report

    Australian small businesses can unlock an additional $49.2 billion in output over the next ten years by making better use of existing technology, PwC analysis commissioned by Google released today shows.

    “That’s how much the Federal Government has committed to current and future infrastructure projects in this year's budget,” PwC economics partner Jeremy Thorpe said while releasing the interactive report, ‘Small Business: Digital Growth’ with Google.

    “Despite Australia’s recognition as a nation of early adopters, our small businesses are not fully embracing the transformational benefits that mobile and internet technology has to offer.”

  • TOPICS: Perth Freight Link, Commissioner Heydon, Marriage

    GARY ADSHEAD: Welcome back. I’ve got the Federal Finance Minister, Mathias Cormann in the studio with us. If you’re listening to what we discuss here in relation to Perth Freight link and other issues and you want to get on the line and ask the Minister a question feel free. 9221 1882. Thanks very much for your time Minister.

    MATHIAS CORMANN: Good to be here.

     GARY ADSHEAD: Okay, this Perth Freight Link, it’s starting to become quite a divisive, quite controversial. When I heard about it to start with, you know Federal Government is going to kick in $1.6 billion, you’d be thinking well that’s great, that’s a win for Western Australia. Where is it going wrong?

  • Adding bite to Western Australia’s fight against wild dogs

    Farmers in Western Australia (WA) will receive a boost in efforts to combat the scourge of wild dogs, with $1.13 million in additional federal funding allocated to the WA Government. 

    Minister for Agriculture, Barnaby Joyce, said the funding would help WA producers lessen the significant financial and social burden of wild dogs.

    “This funding will assist the WA Government to engage landholders and increase effort and collaboration to combat wild dogs which can have a massive impact on producers’ bottom lines,” Minister Joyce said. 

  • Thai hotel group invests in Australia’s north

    Thailand’s Minor Hotel Group has announced its first deal in Australia’s Northern Territory with the A$57.1 million acquisition of Elan Soho Suites in Darwin.

    A 301-room hotel completed in 2014, the property is being rebranded the Oaks Elan Darwin.

    Dillip Rajakarier, CEO of the Minor Hotel Group, said that the acquisition is part of the company’s business expansion strategy which focuses on making strategic investments in Australia and that the decision to purchase in Darwin was a natural progression for the company as they continue to expand their foothold in key Australian markets.

  • Labor opposes more jobs and better roads for Perth

    The Australian Labor Party has no infrastructure plan for Western Australia, preferring instead to side with the Greens in the Senate to oppose the world class Perth Freight Link project.

    This latest political stunt by Labor shows they are against creating thousands of jobs, slashing travel times for motorists and building Western Australia’s economic capacity.

    Like the Greens, Labor now oppose billions of dollars of infrastructure projects across Australia - the East West Link in Melbourne, WestConnex in Sydney and now the Perth Freight Link.

    Tens of thousands of new jobs and billions of dollars of economic activity would evaporate if the Labor/Greens alliance had their way.

  • Joyce welcomes ratification of historic China live export deal

    Minister for Agriculture, Barnaby Joyce, today welcomed the news that the Chinese Government has countersigned the Australian feeder and slaughter cattle import health protocol.  

    "My counterpart in China, Minister Zhi Shuping, has now ratified the agreement for export of Australian slaughter and feeder cattle to China," Minister Joyce said. 

    "We now expect import permits to filter through to Australian exporters, who are getting the groundwork in place, including establishing supply chains under the Exporter Supply Chain Assurance System (ESCAS). No exports can take place until ESCAS arrangements have been verified and approved by the Department of Agriculture to ensure Australia's world leading animal welfare standards are maintained.  

  • UK equity firm invests in Australian horticulture

    The UK equity firm, Mondrian Investment Partners Ltd, has invested around A$60 million in the Costa Group, Australia’s largest horticulture company.

    Costa, which has 3,000 hectares of farmed land across Australia and 20 hectares of state-of-the-art glasshouse production, listed on the Australian Stock Exchange in late July 2015. The group owns 42 farms, works with over a hundred contract growers, has its own distribution and wholesale market operations, and employs 6,000 people.

  • Calling for local people and local projects for Green Army Round Four

    The Australian Government is calling for more local people to join the Green Army to work on local projects that will make a real difference to our environment.

    Applications for projects under Round 4 of the Green Army programme are now open for projects.

    We want local people to join the Green Army to work on local projects in our community, and we want local groups to come forward with ideas for projects.

    Community organisations, Landcare groups, natural resource management organisations, environment groups, Indigenous organisations, local councils and others can now nominate for a new Green Army project that has a clear focus on conservation of the environment or National or World Heritage places.

  • Calling for local people and local projects for Green Army Round Four

    The Australian Government is calling for more local people to join the Green Army to work on local projects that will make a real difference to our environment.

    Applications for projects under Round 4 of the Green Army programme are now open for projects.

    We want local people to join the Green Army to work on local projects in our community, and we want local groups to come forward with ideas for projects.

    Community organisations, Landcare groups, natural resource management organisations, environment groups, Indigenous organisations, local councils and others can now nominate for a new Green Army project that has a clear focus on conservation of the environment or National or World Heritage places.

  • Calling for local people and local projects for Green Army Round Four

    The Australian Government is calling for more local people to join the Green Army to work on local projects that will make a real difference to our environment.

    Applications for projects under Round 4 of the Green Army programme are now open for projects.

    We want local people to join the Green Army to work on local projects in our community, and we want local groups to come forward with ideas for projects.

    Community organisations, Landcare groups, natural resource management organisations, environment groups, Indigenous organisations, local councils and others can now nominate for a new Green Army project that has a clear focus on conservation of the environment or National or World Heritage places.

  • Fisheries to play key role in Australia’s ‘blue economy’

    Senator Richard Colbeck, Parliamentary Secretary to the Minister for Agriculture, welcomed the launch of the National Marine Science Plan which focusses on expanding Australia's blue economy while protecting the long-term health of our oceans. 

    The Plan was launched last night by Minister for Industry and Science, Ian Macfarlane, and focuses on a ten year plan to help maximise marine industries which make up the blue economy, including fisheries and aquaculture. 

    "Australia's fisheries are among the best managed in the world and are underpinned by the best available science," Senator Colbeck said. 

    "This Government wants to ensure our fisheries remain at the leading edge in terms of science, innovation and sustainability.  

  • Australia welcomes Indonesian Quarter 3 cattle quota increase

    Minister for Agriculture, Barnaby Joyce, has welcomed confirmed reports that the Indonesian Ministry of Trade plans to issue additional import permits for 50,000 head of slaughter cattle for Quarter 3, 2015. 

    It is vitally important for security of supply from Australia and affordable food prices for Indonesia that this long established and mutually beneficial trade be maintained. 

    I thank the Indonesian Minister for Trade for this re-establishment of more substantial numbers and look forward to continuing this strong trade for the betterment of both of our nations.

     

     

    12 Aug 2015

     

  • Moorebank Intermodal Company Chair reappointed

    The Australian Government has reappointed Dr Kerry Schott AO as Chair of the Board of Directors of the Moorebank Intermodal Company (MIC) for a further three years.

    Dr Schott has been Chair since the company was formed in December 2012. Her reappointment provides a level of continuity and stability to the project as MIC implements the terms of its commercial deal with Sydney Intermodal Terminal Alliance (SIMTA).

    Under Dr Schott's stewardship, MIC concluded an agreement with SIMTA, comprising Qube Holdings and Aurizon Holdings, for the development of the Moorebank Intermodal Terminal.

  • KPMG Australia announces FY15 Results

    KPMG Australia has increased revenue by 8 percent to $1.21 billion while continuing to increase profitability, for the full year to 30 June 2015.

    “Our strategy is delivering. It’s been a very successful year for the firm, with performance well up on previous years and most importantly, a very strong growth trajectory over the course of the year and into the new year,” said CEO, Gary Wingrove.

     

    “The result was driven by two things. First, record performance by our Audit business, which achieved above expectations. And second, momentum in the deals and technology spaces that drove double digit performance in Deal Advisory and Management Consulting, and spread opportunities into other parts of our firm.”

     

  • PwC Legal continues to grow

    PwC Australia welcomes Murray Deakin as a Partner in PwC Australia’s Tax & Legal Practice to drive further growth in their legal team.

    Murray joins PwC Australia from K&L Gates, where he was national leader of the firm’s practice in Antitrust, Competition and Trade Regulation. Murray has significant experience in the areas of competition and consumer law, trade related regulatory issues, litigation and alternative dispute resolution. He has acted as legal representative for a number of corporations and senior executives facing a range of regulatory investigations or prosecutions.

  • Australian innovation challenge to find Australia’s best ideas

    The hunt is on for ideas that make a difference, with The Australian Innovation Challenge awards open for entries from professionals, young people and backyard inventors.

    Minister for Industry and Science Ian Macfarlane is encouraging individuals and teams of scientists, entrepreneurs, engineers, technologists and educators, as well as students and hobbyists, to enter the national innovation showcase before entries close on 7 September.

    “These awards are an important platform to support, celebrate and promote Australian ingenuity and to help drive ideas for commercialisation,” Mr Macfarlane said.

    “Innovation is critical to our success as a nation—it helps to build our competitive strength and keep pace in a rapidly evolving global economy.

  • Australian Government assistance for elite Indigenous sportspeople

    Minister for Health and Sport Sussan Ley today, on the International Day of the World's Indigenous People, paid tribute to the significant contribution Indigenous athletes have made in the Australian sporting landscape.

    Ms Ley said the Abbott Government had committed $600,000 to help Indigenous athletes, coaches, managers and officials reach their potential through the Elite Indigenous Travel and Accommodation Assistance Programme (EITAAP) to attend official national championships and international competitions. 

    “Indigenous athletes have played a significant role in our nation’s sporting success for as long as sport has been part of Australians’ lives,” Ms Ley said.