Saturday, 25 February 2017 Sydney
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Invest In Australia News::

  • Juicy Isle's confident expansion

    The Tasmanian Government’s long-term Plan to encourage economic growth and job-creating investment is working.

    In another vote for business confidence, Juicy Isle has invested $1.7 million to help grow its production capacity.

    This was bolstered by a further $1.25 million from the Australian Government’s ‘Tasmanian Jobs and Growth Package’.

    Five jobs were created during construction and the project will result in another 10 positions and help to secure the future of the company’s existing 100-strong workforce.

  • Core arguments and facts of the 2017 Benchmark Report: Industry

    Following my previous post, where I discussed the topic of growth, I want to look in more detail at another key strength of Australia highlighted in the Benchmark Report – industry.

  • Core arguments and facts of the 2017 Benchmark Report: Growth

    Following my previous post where I introduced the 2017 Benchmark Report (BMR), I want to look in a bit more detail at some of the core arguments and facts of the BMR. The Report is structured around six major reasons for investing in Australia – Growth, Industries, Talent, Location, Business and Innovation – and compares Australia’s credentials with other economies across each category. In this post, the focus is on the Growth story.

  • ADELAIDE HILLS' WINERIES TO RECEIVE STATE GOVERNMENT FUNDING BOOST

    Ten Adelaide Hills' wineries will receive up to $25,000 each as part of the State Government's new $1 million Cellar Door Grants Program.

    The Cellar Door Grants Program assists wineries to upgrade and diversify their cellar doors. This could include adding an exclusive tasting room, bed and breakfast facility or educational program.

    The 10 Adelaide Hills' businesses are Golding Wines, The Lane Wine Co, Ochre Nation, Karrawatta, Adelaide Hills Investments, Anderson Hill, O'Leary Walker Wines, Longview Vineyards, Tapanappa Wines and CRFT Wines.

  • BAROSSA CELLAR DOOR PROJECTS TO RECEIVE STATE GOVERNMENT FUNDING BOOST

    Thirteen cellar projects in the Barossa will receive up to $25,000 each as part of the State Government's new $1 million Cellar Door Grants Program.



    The Cellar Door Grants Program assists wineries upgrade and diversify their cellar doors. This could include adding an exclusive tasting room, bed and breakfast facility or educational program.

  • Global shipbuilder forms Australian subsidiary, opens local office

    Italian shipbuilder Fincantieri, one of three companies shortlisted for the Department of Defence’s SEA 5000 Phase 1 (Future Frigate) project, has formed an Australian subsidiary, Fincantieri Australia.

  • Tasmanian Fruit Industry Strategic Plan launched

    The Hodgman Liberal Government supports an expansion of Tasmania’s world class fruit growing industry.

    The Tasmanian Fruit Industry Strategic Plan 2016-2020  launched today is a significant milestone in efforts to further expand Tasmania’s $180 million fruit sector

    The Strategic Plan, which has been jointly funded by the Hodgman Government and Fruit Growers Tasmania, is the latest in a series of specific initiatives supporting our fruit growers.

  • AUSTRALIAN STUDENTS LEAD TRANSPORT REVOLUTION

    A futuristic pod with an award-winning braking system invented by Australian university students may become a critical component in the Hyperloop, a next-generation mode of transport. The Australian invention is a finalist in a design competition sponsored by entrepreneur Elon Musk’s spacecraft company SpaceX that aims to make the Hyperloop concept a reality.

  • Prices remained subdued in the Australian economy

    Price change for goods and services produced in the Australian economy remains subdued, according to figures released by the Australian Bureau of Statistics (ABS) today.

    Producer Price Indexes, Stage of Production (SOP) – Final Demand rose 0.5% in the December quarter 2016. 

    The most significant price rises this quarter occurred in building construction (+0.7%), petroleum refining and petroleum fuel manufacturing (+12.5%) and accommodation (+5.3%). Prices fell for electronic equipment manufacturing (-1.5%), and professional and scientific equipment manufacturing (-2.1%). 

  • Victoria’s economy continues to shine

    Victoria's population growth has come out on top in the CommSec State of the States report, continuing the states reign as the nation's top state for people to call home.

    Highlighting the overall confidence in the property market, the state also landed the number one spot for housing finance. The key indicator is up by 11.9 per cent in Victoria, on the long-term average.

  • Australia’s 2017 Benchmark Report now available

    The Minister for Trade, Tourism and Investment, Steven Ciobo MP, launched Australia’s 2017 Benchmark Report in New York City as part of the G’day USA program.

    Produced by the Australian Trade and Investment Commission (Austrade), the annual Benchmark Report presents key economic, financial and demographic data that highlights Australia’s strengths as a major player in global trade and investment.

  • US drone and aerial data company enters Australian market

    Australia’s agricultural, environmental and energy industries are set to benefit from the opening of a Sydney office of PrecisionHawk, a global provider of commercial drone and drone–data platforms.

    The company, which specialises in aerial imaging and analytics, has also entered into a retail partnership with ASX-listed Ruralco, one of Australia’s leading agribusinesses.

  • Japan’s Hitachi Zosen to acquire majority stake in Osmoflo Group

    Hitachi Zosen, a Japanese industrial and engineering corporation, is acquiring a majority shareholding (70 per cent) of Osmoflo, a leading Australian desalination and wastewater treatment company.

    Subject to the completion of procedures in early 2017, Osmoflo will become a subsidiary of Hitachi Zosen. The remaining 30 per cent of shares will continue to be held by Marubeni Water Australia Pty Ltd, a subsidiary of the Marubeni Group of Japan.

  • Micro firms make highest business complaints to ACCC

    The Australian Competition and Consumer Commission’s latest Small Business in Focus report reveals that micro and small businesses made 7,000 complaints and enquiries from July 1 to December 31 2016.

    “Over 60 per cent of business contacts were from micro enterprises of four or under employees, which isn’t surprising given that micro firms are the biggest group of businesses in Australia,” ACCC Acting Chair Dr Michael Schaper said.

  • Inflation continues to be subdued

    The Consumer Price Index (CPI) rose 0.5 per cent in the December quarter 2016, according to the latest Australian Bureau of Statistics (ABS) figures.

    This follows a rise of 0.7 per cent in the September quarter 2016.

    The most significant price rises this quarter are tobacco (+7.4 per cent), automotive fuel (+6.7 per cent) and restaurant meals (+1.1 per cent). These rises are partially offset by falls in furnishings, household equipment and services (-0.8 per cent) and communication (-0.8 per cent). 

  • ACCC hosting forums nationally to hear from dairy farmers

    The Australian Competition and Consumer Commission is inviting dairy farmers to share any concerns they may have about competition and fair trading at a series of public forums around the country.

    The forums are part of the ACCC’s public consultation for its Dairy Inquiry, which is examining competition between milk processors, contracts between processors and farmers, global supply markets, and the profitability of dairy farms.

    Dairy farmers and others working in the industry are invited to come and share their views on these issues directly with ACCC Commissioners.

  • Deadline for current backpacker employers fast approaching

    The ATO is encouraging anyone who currently employs a backpacker to register by the 31 January deadline via ato.gov.au, so they can apply the new 15 per cent tax rate.

    From 1 January 2017, the working holiday maker tax rate, also known as the backpacker tax, of 15 per cent applied from the first dollar earned to any workers with 417 and 462 visas. 

  • STATES MUST LEARN FROM PAST MISTAKES

    States currently considering making changes to the way owner-truck drivers are paid should not ignore the disastrous impact the Road Safety Remuneration Tribunal’s (RSRT) Payments Order had on small businesses, Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell said.

    The Federal Government today tabled its response to the ASBFEO’s inquiry into the impact of the Order, which not only found it to be discriminatory towards owner-drivers, but found it caused significant financial and emotional distress for mum-and-dad owner-drivers.

  • RocketSpace to open tech startup campuses in Australia

    San Francisco’s RocketSpace – the US startup accelerator that helped launch tech companies such as Uber and Spotify – is opening its first Australian campuses in 2017.

    In a joint media release, RocketSpace announced it will partner with Australia’s DEXUS property group to service high-growth tech startups in Brisbane, Melbourne and Sydney.

  • Major sporting events in Latin America offer opportunities for Australia

    The Buenos Aires 2018 Youth Olympic Games and the Lima 2019 Pan American Games are providing a range of opportunities for Australian businesses.

    The sporting events require architects, designers, construction companies, event planners and producers among other services.

    Marie Hill, Austrade’s Trade Commissioner for Peru, said Australia is internationally known for its depth of experience in all aspects of staging major sporting events.

  • Major sporting events in Latin America offer opportunities for Australia

    The Buenos Aires 2018 Youth Olympic Games and the Lima 2019 Pan American Games are providing a range of opportunities for Australian businesses.

    The sporting events require architects, designers, construction companies, event planners and producers among other services.

    Marie Hill, Austrade’s Trade Commissioner for Peru, said Australia is internationally known for its depth of experience in all aspects of staging major sporting events.

  • ATO seizes tobacco worth $1.5 million

    Illegal tobacco with a potential excise value of $1.5 million has been seized by the Australian Taxation Office (ATO) following a warrant executed as part of an ongoing investigation in Victoria.

    Last week, an inspection of the property at Pentland Hills, near Bacchus Marsh, North West of Melbourne identified approximately four acres of suspected illicit tobacco plants. Victoria Police also seized a loaded firearm and ammunition on the day.

    ATO Deputy Commissioner Michael Cranston said the ATO will continue to act decisively to deal with illegal tobacco growing in Australia.

  • City Supports World Trade Centre for Perth

    In a strategic move that will reinforce Perth’s status as a growing global city, the City of Perth has welcomed the announcement of a World Trade Centre.

    Lord Mayor Lisa Scaffidi said the City of Perth had worked extensively on plans for a World Trade Centre alongside the proponent and the State Government, including introducing the proposed site.

    “This is a crucial development in our City which will continue to emphasise and reinforce Perth’s reputation as an international business centre by opening up hundreds of trade opportunities worldwide,” Ms Scaffidi said.

  • Tasmania's arts reputation cemented

    Tasmania’s reputation as a creative industries leader is set to be cemented with the official commencement of construction on the new centre for Creative Industries and Performing Arts.

    To be officially known as “The Hedberg”*, the Centre will complement and enhance the existing Theatre Royal in Hobart, forming a vibrant arts precinct in the area.

    The new centre will also comprise a new University Conservatorium of Music, and will include performance venues, public spaces and international research institute.