Saturday, 22 October 2016 Sydney

Invest In Australia News::


    By the mouth of the Snowy River, a waterway iconic in Australian history and literature, a farmer is growing native succulents on land once thought to be affected by salt beyond redemption. These tasty natives are found in the kitchens of some of the best restaurants in Australia and around the world.

  • Murrumbidgee Irrigation in breach of the Water Charge Rules

    The Australian Competition and Consumer Commission accepted an administrative resolution from Murrumbidgee Irrigation after it admitted to a breach of the Water Charge Infrastructure Rules (WCIR). Murrumbidgee Irrigation failed to include certain water service charges in its ‘Schedule of Charges’ between 2011 and 30 June 2016.

  • ACCC media code of conduct

    The Australian Competition and Consumer Commission today released a Media Code of Conduct outlining its protocols for public comment about its enforcement activities.

    ACCC Chairman Rod Sims said the ACCC is pleased to implement the Code as recommended by the Harper Review.

    “The Code strikes a balance between fairness to the individuals and businesses under investigation or involved in enforcement actions, and transparency in informing the media and the public about matters of interest.”

  • Gold Bullion fraud targeted by Serious Financial Crime Taskforce

    Today the Serious Financial Crime Taskforce (Taskforce) released its first Intelligence BulletinExternal Link, designed to highlight areas of concern and help people make informed decisions about their tax affairs.

    The Intelligence Bulletin focuses on activities in the gold bullion and precious metals refining industry. Taskforce agencies are focussing on exposing sophisticated arrangements seeking to exploit GST rules in relation to precious metals.

  • The Australian: Opinion Piece - Tax Cuts Key For Small Firms

    There is no doubt that small businesses lie at the heart of Australia’s economic engine room. Of course, businesses of all size have a role to play in keeping the economy afloat, so it’s fair to say that if the ‘SS Australia’ is going to successfully chart the rocky economic waters we’re currently navigating, we’ve got to keep our business – particularly small business – machinery humming.

    At the risk of torturing the nautical analogy a little further, it’s worth noting that in some engine rooms, the machinery a ship needs to operate is often separated into different areas in order to minimise any potential damage.

  • Next steps in rebuilding the forest industry

    The Hodgman Liberal Government is committed to rebuilding the forest industry that was so savaged by Labor and the Greens, causing the loss of thousands of jobs across regional Tasmania.

    We have helped to deliver a resurgence of confidence in the industry, which is driving growth, creating jobs on the back of innovation and new opportunities.

    In forestry, investment is up, production is up, exports are up and employment is up. To maintain this dramatic switch to growth we need resource security.

  • Tasmanian companies benefit from rail upgrades

    An efficient freight system in Tasmania is critical to supporting economic growth and job creation, which is the Hodgman Liberal Government’s number one priority.

    I am pleased to announce TasRail has recently awarded a contract for the upgrade of 10 priority level crossings at Burnie and the Melba Line to Tasmanian company Gradco, in partnership with NuGroup.

    This is in line with our Buy Local policy, and will help stimulate the local economy, secure jobs and encourage more growth in the sector.


    A new conference and events facility development in the Barossa Valley is being assisted through a $204,000 grant from the State Government’s Regional Development Fund.

    The Vine Inn Barossa Community Hotel in Nuriootpa will establish itself as a contemporary high-tech multi-purpose conference and events venue with flexible multi-use spaces.

    The project will also see redevelopment of an existing commercial kitchen to cater for the expansion of functions and events.

  • EDIE, the new smartphone VR app to help dementia carers

    Educational Dementia Immersive Experience (EDIE), a new virtual reality smartphone app developed by Alzheimer's Australia Vic is now available for carers to see the world through the eyes of a person living with dementia.

    The VR app  aims to build empathy for people living with dementia by providing users with a 360-degree experience.

    The app shows a person with dementia facing difficulties undertaking simple daily activities.

  • Australia competitive in financial market development, education and health – WEF 2016 Report

    Australia continues to have a globally competitive business environment, ranking 22nd out of 138 economies worldwide in the World Economic Forum (WEF) 2016 Global Competitiveness Report[1]

    Among countries with a population of more than 20 million, Australia ranks eighth after the US, Germany, UK, Japan and France. Compared to East Asia and the Pacific region generally, Australia also ranked higher on average in all 12 index pillars[2].

  • UTS commended for contribution to construction industry research and innovation

    Research collaboration between academics and industry is crucial to innovation in the construction sector according to Federal Assistant Minister for Industry, Innovation and Science Craig Laundy, who has praised the University of Technology Sydney for its track record in forging building industry relationships.

  • Adelaide first to join global Gig City Network

    Adelaide has confirmed its status as one of the most connected cities in the world, after the signing of a landmark agreement between the South Australian Government and internet applications development organisation US Ignite.

    Adelaide has confirmed its status as one of the most connected cities in the world, after the signing of a landmark agreement between the South Australian Government and internet applications development organisation US Ignite.

  • ACCC advises franchising industry to consider its agreements ahead of new unfair contracts law

    The Australian Competition and Consumer Commission is warning franchisors about potentially unfair contract terms under a new law offering greater protections to small businesses from 12 November 2016.

    Speaking to the legal symposium at the National Franchise Convention in Canberra, ACCC Deputy Chair Dr Michael Schaper outlined the ACCC’s findings following a review that identified a number of problematic terms that appear to be widespread in the franchising industry.

  • ACCC finalises investigation into GlaxoSmithKline’s pricing claims

    The Australian Competition and Consumer Commission has concluded its investigation into whether GlaxoSmithKline (GSK) made misleading statements about a price increase of its Panadol Osteo products.

  • Mental health issues should not be taxing

    To mark World Mental Health Day today the ATO is reminding small business owners it is never too late to seek support if they are dealing with mental health issues.

    Assistant Commissioner, Judy O’Connell said that the ATO has been working with small business, industry representatives, and mental health support services, to offer better support for small business owners who need assistance to meet their tax and super obligations.

  • Australia’s first driverless car developed in Victoria

    Victoria has developed Australia's first self-driving car allowing passengers to relax and take in the scenery.

    A prototype has been developed at Bosch's Clayton headquarters (half an hour from Melbourne's city centre) in partnership with the Transport Accident Commission, VicRoads and A$1.2 million from the State Government of Victoria.

  • New Bioscience innovation venture capital fund for healthcare startups

    A new venture capital fund has opened Melbourne highlighting the city as a focal point for the early stage healthcare and biomedical research sectors.

    The A$50 million BioScience Managers Ventures I Fund is the first of a series of funds, designed for Significant Investor Visa applicants.

    It will be offered as a venture capital opportunity to clients of leading fund manager BT Investment Management.

  • $30 million for Rural R&D for Profit round three

    Rural Research and Development Corporations (RDCs) across the country are encouraged to apply for up to $30 million in new funding for cutting edge research to boost productivity and returns across the agricultural, fishery and forestry industries.

    Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, today announced the opening of Round 3 of the Coalition Government's Rural Research and Development (R&D) for Profit programme.

  • Melbourne Launches World-Class Free Wi-Fi Network

    By Minister for Small Business, Innovation and Trade, Minister for Small Business, Innovation and Trade, 08 Oct 2016

    Minister for Small Business, Innovation and Trade Philip Dalidakis joined City of Melbourne’s Chief Digital Officer Michelle Fitzgerald at Southern Cross Station to announce the first of many Wi-Fi access points to be rolled-out across Melbourne as part of the Andrews Labor Government’s $11 million Victorian Free Wi-Fi Pilot.

  • Chinese company to build lithium processing plant in Western Australia

    China’s Tianqi Lithium is expanding its existing portfolio in Australia by investing A$400 million to build a lithium processing plant in Kwinana, Western Australia, with construction starting in October 2016.

  • Working with Ziggy’s to create jobs

    Ziggy’s Supreme Smallgoods is creating jobs in Hobart with the help of a Tasmanian Jobs and Investment Fund grant.

    Ziggy’s is a great Tasmanian story.  Established by Ziggy Jakubowski, Ziggy’s is an award-winning smallgoods manufacturer and an iconic Hobart business.  Ziggy’s products are found right across the State in delis, supermarkets and corner stores.  Businesses like Ziggy’s are the backbone of Tasmania’s economy and by backing Ziggy’s, we’re backing local manufacturing and local jobs. 

  • Increased prize money for racing industry

    Last year the Government made the difficult decision to introduce a package of measures, including a reset of prize money and industry funding, designed to put the Tasmanian racing industry back on track toward a sustainable future.

    As a result of this hard decision, this year Tasracing delivered its first profit since its inception in 2009, turning a $1.2 million loss the previous year into a $0.2 million profit.

  • Building approvals in NSW are growing at the fastest rate of any state in Australia.

    Official figures released by the Australian Bureau of Statistics shows 73,606 new residential dwellings were approved in the 12 months to August 2016.

    Planning Minister Rob Stokes said NSW was leading the nation for housing approvals, with housing completions also at a 16-year high.

    “These record housing approval figures show the NSW planning system is working to deliver the homes people need, where they need them,” Mr Stokes said.

    "By delivering a simpler, more efficient planning system, we can help improve housing supply, housing choice and help people get into the property market."

  • Chinese company to build lithium processing plant in Western Australia

    China’s Tianqi Lithium is expanding its existing portfolio in Australia by investing A$400 million to build a lithium processing plant in Kwinana, Western Australia, with construction starting in October 2016.