Tuesday, 03 March 2015 Sydney
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Invest In Australia News::

  • Burrumbeet to Trawalla Western Highway duplication opens

    Motorists will soon be able to travel on a safer, two-lane divided highway between Burrumbeet and Trawalla, with a 23-kilometre section of the Western Highway opening this week.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the opening is a key milestone in the ongoing duplication of the Western Highway from Ballarat and Stawell.

    “This upgraded section of the highway means people driving from Ballarat to Beaufort can take advantage of continuous overtaking opportunities and have peace of mind with safer intersections,” Mr Truss said.

  • Industry Growth Centre appointments

    The rollout of the Australian Government’s Industry Growth Centres will be steered by a panel of highly-experienced and internationally regarded business identities, who will provide a direct link to both the Australian and global business communities.

    Minister for Industry and Science Ian Macfarlane today announced Chairs for three of the Industry Growth Centres, as well as an independent Advisory Committee.

    “Australia is well served by a strong business community with business men and women who have both the experience and the international reputation to guide Australian industry into a new era of opportunity based on our areas of competitive strength,” Mr Macfarlane said.

  • Grass-fed beef sector unites to determine its future

    Minister for Agriculture, Barnaby Joyce, has today expressed his appreciation to stakeholder groups within the grass-fed cattle sector for coming together and presenting him with a unified industry position on a proposal to reform the grass-fed beef representative organisation. 

    Minister Joyce said that industry’s unified proposal is a historic and essential contribution to the government’s formal response to the Senate Inquiry into the grass-fed beef levy. 

    “It has been a long journey that many thought we would never take and many more thought we would never reach a destination,” Mr Joyce said.

  • Grass-fed beef sector unites to determine its future

    Minister for Agriculture, Barnaby Joyce, has today expressed his appreciation to stakeholder groups within the grass-fed cattle sector for coming together and presenting him with a unified industry position on a proposal to reform the grass-fed beef representative organisation. 

    Minister Joyce said that industry’s unified proposal is a historic and essential contribution to the government’s formal response to the Senate Inquiry into the grass-fed beef levy. 

    “It has been a long journey that many thought we would never take and many more thought we would never reach a destination,” Mr Joyce said.

  • Over-regulation, skills and fiscal deficits key CEO concerns

    Governments must apply renewed focus to achieve fiscal balance and sustainably reduce the cost of delivery. And at the same time, they should boost the agility of public sector organisations to cope with changes in the future.

    These are just two of the conclusions to come out of PwC’s 18th Annual Global CEO Survey, with the responses of 1,322 business leaders in 77 countries worldwide being added to valuable insights from 50 government representatives and state-backed CEOs.

  • Global hospitality trends point to further opportunities in Australia in 2015

    Asian investment will continue to contribute strongly to the M&A picture in the Australian hospitality sector in 2015, EY said. 

     

  • South Australian Premier Jay Weatherill welcomes investors to invest in SA

    South Australia is one of the most liveable places in the world. 

     

    From the beginning, South Australia was designed to create an attractive place to both investors and workers. Our Government’s approach is consistent with this historic commitment to investment attraction.

     

  • Round 3 of Financial Assistance Grants in council coffers

    From today local governments across Australia will bank a further $575 million in untied Australian Government grants as part of the Australian Government's $9.3 billion Financial Assistance Grant programme.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the Financial Assistant Grant programme will provide $9.3 billion to local governments from 2014–15 to 2018–19—$2.3 billion in 2014–15 alone.

    “This third quarterly payment of $575 million brings the Coalition Government's support for local government in this financial year, under this the Financial Assistance Grant Programme alone, to $1.725 billion… with more to come,” Mr Truss said.

  • Funding approved for Hobart Airport runway extension

    Expansion of Hobart International Airport's runway has moved closer with the approval of $3.035 million in Australian Government funding for the project's planning and development stage. This is part of the Australian Government's $38 million commitment to the project.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the funding will enable complex design work and required approvals processes to be undertaken for the project.

    “Tasmania thrives on tourism and this project will improve the airport's capacity to handle inbound passengers, bringing substantial economic benefits to the State's economy,” Mr Truss said.

  • Mass beheading of Coptic Christians in Libya

    The Australian Government strongly condemns the mass beheading overnight of 21 Egyptian Coptic Christians by Daesh-affiliated extremists in Libya.

    I am appalled by this tragic loss of life. On behalf of the Australian people, I offer our deepest condolences to the families of those killed in this senseless attack.

    This barbaric act closely follows the heinous murders of a Jordanian pilot and two Japanese nationals by Daesh. Such atrocities only strengthen our resolve to work with our partners to counter the threat posed by Daesh and its affiliates. 

     

    16 Feb 2015

  • $120 million for 27 new heavy vehicle projects across New South Wales

    Truck drivers and other heavy vehicle operators in New South Wales will benefit from $119.6 million in new road upgrades as part of the Australian Government's Heavy Vehicle Safety and Productivity Programme.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss, in Dubbo today, announced that the Australian Government will contribute up to 50 percent of the total project costs for 27 projects across the state. Six projects are on state roads and the remaining 21 are council controlled.

    “Our competitive merit-based selection process has identified almost $120 million in funds for projects to make heavy vehicle use on NSW roads safer and more efficient,” Mr Truss said.

  • Government Progresses Its Property Divestment Program

    The Government remains committed to realising the value of Commonwealth property through its property divestment program.

    We are now undertaking a scoping study into the divestment options of six Commonwealth properties in Canberra. These buildings are the John Gorton and Treasury Buildings, East and West Block and Anzac Park East and West, all located in the Parliamentary Triangle.

    The scoping study will consider alternative uses for the properties, particularly noting their location, cultural and heritage significance. The scoping study will also consider the future ownership of these buildings, taking into account significant ongoing maintenance and refurbishment requirements.

  • Over $11 million to think big about market access for small exporters

    Minister for Agriculture, Barnaby Joyce, is today calling for applications for more than $11 million in grants to improve market access for small exporters of dairy, meat, egg, fish, horticulture and grain products.
    Minister Joyce said the grants programme delivers on the Coalition Government’s election commitment to support small exporters through its $15 million, four-year Package Assisting Small Exporters.
    “Sometimes a little bit of help can go a long way – even a Giant Red Cedar needs just a little water to get it started. If you have a big idea for a project to improve market access, with a focus on small exporters, we want to hear from you.

  • Labour Force figures

    Minister for Employment Senator Eric Abetz said today’s labour force figures underline the importance of the Government’s plan to build a strong and prosperous economy, with a major focus on jobs and small business in 2015.

    While today’s figures are disappointing — with the seasonally adjusted unemployment rate rising to 6.4 per cent — they follow a period of strong job creation in 2014. More than 200,000 new jobs were created in 2014 — more than triple the number of jobs created in 2013. Over 100,000 new jobs were created in the last three months of 2014 alone.

    There are also positive signs of improvement in the labour market over coming months. ANZ job advertisements have risen for eight consecutive months and are at their highest level in over two years.

  • Doorstop - Blue Room, Parliament House, Canberra - Today’s ABS employment figures

    MINISTER ABETZ: Given today’s disappointing unemployment figures I want to assure all Australians that we as a Government are absolutely committed to rebooting the economy, getting our economic action strategy into place to ensure that we can get the jobs growth that these unemployment figures show that we need. The biggest loss of jobs over 2014 was in fact in the mining sector. That just highlights how stupid a policy it was of Labor to impose the double whammy of a carbon and mining tax on that sector of our economy.

  • Appointment of new board member of the Council on Australia Latin America Relations

    The Minister for Foreign Affairs, Julie Bishop, and the Member for Solomon, Natasha Griggs, welcomes the appointment of Ms Giovanna Webb to the Executive Committee of the Council on Australia Latin America Relations (COALAR).

    Opportunities for Australians in Latin America continue to increase. The number of Australian companies operating there continues to grow rapidly, particularly in the mining and agriculture sectors.

    Increasing numbers of Latin American students are choosing to study in Australia each year, with an estimated 40,000 enrolled in 2014. These young people are ensuring a new generation of Latin Americans know and understand Australia and its people.

  • TOPICS: R&D Savings Measure, Submarines, Budget, Closing the Gap

    MATHIAS CORMANN: Good morning everyone. Last night, the Senate passed another important Budget measure. The legislation passed by the Senate last night will ensure that tax incentives for research and development are better targeted towards small and medium sized business and in the process we will be able to improve the Budget bottom line by more than $1.3 billion over the forward estimates. This was a Budget measure initiated by Julia Gillard and Wayne Swan. This was a Budget measure banked by Julia Gillard and Wayne Swan in their last Budget, but it was never legislated by the previous government. Incredibly, Labor last night voted against this savings measure which they themselves initiated.

  • Better support to help Indigenous Australians into jobs

    The Australian Government’s reforms to employment services will help reduce the gap in employment for Indigenous Australians, the Assistant Minister for Employment Luke Hartsuyker said today.

    “Today’s Closing the Gap report shows that there is more work to be done to ensure that Indigenous Australians are sharing in the benefits of work as much as other Australians,” Mr Hartsuyker said.

    “There are around 74,000 Indigenous job seekers currently receiving help through Job Services Australia.

    “If we are to close the gap, it is vital that Indigenous job seekers receive the support they need to find and keep a job.

  • Government tightens rules on foreign purchases of agricultural land

    The Commonwealth Government is putting in place better scrutiny and reporting of foreign purchases of agricultural land — delivering on our commitment to the Australian people at the last election.

    The Government will continue to welcome foreign investment, but the community must have confidence that this investment is coming in on our terms and for our nation’s benefit.

    To improve the scrutiny of foreign purchases of agricultural land the Government will reduce the screening threshold from $252 million to $15 million from 1 March 2015.

    The new $15 million screening threshold will apply to the cumulative value of agricultural land owned by the foreign investor, including the purposed purchase.

  • Innovation is key to economic growth and competitiveness and is the basis of long term economic prosperity - Professor Lloyd

    By Professor David Lloyd, Vice Chancellor & President of the University of South Australia
    Innovation is key to economic growth and competitiveness and is the basis of long term economic prosperity.
  • Australia Must Get to Grips with Asian Century

    If we continue to ignore the rising economic success of our Asian neighbours we will lose our place as a G20 economy by 2030, PwC Partner and Asia Desk Leader Andrew Parker said yesterday.

     

    His comments follow yesterday's release of the PwC report ‘World in 2050" which projects China and India as world leaders in 2050, with the United States in third place, Indonesia in fourth, and with Australia kicked out of the G20 in the 28th spot based on GDP at 2014 Purchasing Power Parity (PPP) terms.

     

  • Morning Doors, Parliament House, Canberra

    MATHIAS CORMANN: As of today we are focused exclusively on the job that we were elected to do by the Australian people. As of today we are back exclusively focused on jobs, families, a stronger economy and a secure nation. We have put our internal issues behind us. The party room vote yesterday was clear. The Prime Minister enjoys the full support of the party room and we are now getting on with doing the job that we were elected to do, working to strengthen the economy, create more jobs, help families and ensure that Australia is safe and secure. Happy to take questions.

  • Senate supports Labor's R&D savings measure despite Labor opposition

    The Government has been able to secure another important Budget saving in the Senate with the successful passage of the Tax Laws Amendment (Research and Development) Bill 2013.

    This measure was initiated and banked by Wayne Swan and the Gillard Labor government in their 2013-14 Budget, but never legislated.

    Now in Opposition Labor opposed their own saving.

    If this Labor saving had failed to pass the Senate, it would have cost the Budget $1.35 billion over the current forward estimates.

  • Aussie mangoes say G'Day USA

    US consumers will be able to buy and enjoy Australian mangoes off their supermarket shelves this week with the first consignment arriving in the United States since a new export arrangement was finalised by the Coalition Government last month. 

    Minister for Agriculture, Barnaby Joyce, said the increased market access for Australian horticultural products was a boost for producers and demonstrated the Coalition Government’s commitment to improving market access for Australian fruit growers.

    “This is an exciting start to Australia’s horticulture trade for the year with 804 cartons of Calypso mangoes from the Bundaberg region available for sale in the Dallas – Fort Worth area,” Minister Joyce said.