Tuesday, 21 November 2017 Sydney

Invest In Australia News::

  • ACCC not to oppose investments in a new credit reporting agency by major Australian lenders

    The ACCC will not oppose six financial institutions (ANZ, CBA, Citigroup, GE Capital, NAB and Westpac) each taking a 4 per cent shareholding in a new credit reporting agency, Experian Australia Credit Services.

    Experian Australia Credit Services is a proposed joint venture between the financial institutions and Experian Group, a London based global provider of credit reporting services, which will have a 76 per cent shareholding. The financial institutions that will have minority interests in the proposed joint venture are currently the largest purchasers of credit reporting services and are important providers of a key input, credit information, to Australian credit reporting agencies.

  • Agreement on $228 million funding for Adelaide Desalination Plant

    The Australian and South Australian Governments have finalised an agreement for Australian Government funding of $228 million towards the expansion of the Adelaide Desalination Plant to 100 gigalitres, as part of its total commitment of $328 million towards the plant.

    Parliamentary Secretary for Sustainability and Urban Water, Senator Don Farrell and South Australian Minister for Water and the River Murray Paul Caica, said the funding will provide a substantial benefit for South Australia's security of domestic supply while also supplying environmental benefits.

  • Australian trade surplus reaches record high in 2010-11

    Australia registered a monthly trade surplus of $2.1 billion in June 2011 according to figures released by the Australian Bureau of Statistics today.

    The surplus was $647 million lower than in May. Exports remained steady, despite strong increases in coal exports as the sector continues to recover from disruptions from floods and other extreme weather.

  • CSC accelerates its Strategic Growth to Enhance Position in Global Healthcare IT

    CSC Monday announced it has closed the acquisition of iSOFT Group Limited (ISF), one of the world’s largest providers of advanced healthcare IT solutions. The acquisition complements and strengthens CSC’s market-leading software products and healthcare integration and services portfolio, and enhances its healthcare research and development capabilities.
    It also accelerates CSC’s strategic growth plan and reinforces the company as a very strong player in healthcare information technology.

  • Australian Government invests $66.4 million in sustainable agriculture

    The Gillard Government will invest $66.4 million in the environment, sustainable agriculture and natural resource management projects under a new round of Country for our Country funding.

    Environment Minister, Tony Burke, Minister for Agriculture, Senator Joe Ludwig, and Parliamentary Secretary for Agriculture, Dr Mike Kelly, today announced base-level funding across 22 regional natural resource management organisations for 2011-12 and 2012-13.

  • Skilled workforce on the agenda for Australia and India

    Australia will continue to collaborate with Indian businesses and education and training institutions to support India and Australia to build highly-skilled and well trained workforces, Minister for Skills and Jobs, Senator Chris Evans said today.

    Addressing a forum hosted by the Confederation of Indian Industry in New Delhi today, Senator Evans spoke of the value of partnerships between education and training providers, industry and government.

    “There is enormous value in industry collaboration as our nations seek to build the high-skilled and well trained workforces we need to meet demand in our growing economies,” said Senator Evans.

  • Queensland welcomes final investment decision on APLNG

    Queensland took another step on the path to becoming one of the leading global export hubs for liquefied natural gas today with the announcement that proponents for the Australia Pacific Liquefied Natural Gas (APLNG) project have made their final investment decision.

    Queensland Premier Anna Bligh and Treasurer Andrew Fraser said the US $20 billion Final Investment Decision for an initial train and common facilities of a two train 9.0 million tonnes per annum coal seam gas to LNG project will secure 6000 jobs for Queenslanders.

    The APLNG project comprises the development of coal seam gas fields in the Surat and Bowen Basins, a 450 km transmission pipeline to Gladstone and a LNG facility on Curtis Island, near Gladstone.

  • Australian Government’s Innovation Investment fund helps take the pain out of Vaccinations

    Getting your shots at the doctor could be a pain-free experience thanks to the commercialisation of a needle-free vaccination called NanopatchTM – made possible by the Australian Government’s Innovation Investment Fund.

    Created by researchers at the University of Queensland, NanopatchTM will use less vaccine than a syringe, prevent needle-stick injuries and eliminate the need for vaccines to be refrigerated.

    The product is being commercialised by Vaxxas Pty Ltd, a new company established with funding from the Innovation Investment Fund. The formation of Vaxxas will allow for clinical trials to be conducted within the next three years.

  • Australian Trade Minister leads Australia-China 2.0 Trade Mission

    Trade and Acting Foreign Minister Craig Emerson will lead one of the largest ever trade delegations to leave Australia for Asia when he departs this week for the Australia-China 2.0 Trade Mission to China’s booming inland cities.

    Almost 100 Australian companies have been selected to accompany Dr Emerson and the Parliamentary Secretary for Pacific Island Affairs, Richard Marles, on a visit to five of China’s fast-growing hinterland cities.

    The mission, over six days, is aimed at exploring new opportunities for Australian exports and investment.

    Dr Emerson said the size and scope of the mission, which runs from August 4-9, reflected China’s importance to Australia’s economic future.

  • Australia Office significantly expands its envelope manufacturing capacity

    Australia Office, a division of Australian Paper (Paper Australia Pty Ltd), will significantly increase its envelope manufacturing capacity following Australian Paper’s completion of the purchase of assets of Envotec Pty Ltd.

    Envotec Pty Ltd, formerly trading as Australian Envelopes went into receivership on 30th June 2011. Australian Office plans to re-commission a number of the envelope manufacturing and envelope overprinting machines at the Notting Hill, Victoria and Wangara, Western Australia sites (former Envotec sites).

    A number of overprint machines will also be transferred to Australian Office Preston manufacturing site and other State based overprinting facilities in the coming weeks.

  • BECs hit milestone of helping 100,000 Australian small businesses

    Small Business Minister, Senator Nick Sherry, has announced today that the nation’s 37 Australian Government funded Business Enterprise Centres (BECs) have passed the milestone of helping 100,000 small businesses during the past three years.

    “These advisory centres are proving a valuable asset for Australia’s vibrant and diverse small business community,” Senator Sherry said during the launch of an Australian Government BEC project in Launceston.

    “More than 100,000 small businesses have taken the opportunity to seek the free or low-cost expert advice provided by the BECs during the past three years.

  • Innovative Tourism Australia Marketing Wins Top Online Advertising Award

    Minister for Tourism, Martin Ferguson AM MP, today congratulated Tourism Australia on receiving the overall Best of Show award and Best Social Media Marketing category at the Interactive Advertising Bureau (IAB) Awards for their Making Tracks campaign.


  • New regulator to improve quality in Australian higher education

    The commencement of the Tertiary Education Quality and Standards Agency (TEQSA) today marks the beginning of a new era of quality for Australian higher education.

    Minister for Tertiary Education, Senator Chris Evans, welcomed the establishment of TEQSA as a key reform of the Gillard Government’s agenda to transform Australia’s higher education system.

    “TEQSA will be a new generation regulator, playing a pivotal role in ensuring the overall quality of our higher education system,” Senator Evans said.

  • Australia-India Education Council sets education priorities

    Key priorities in education and training were identified today at the inaugural meeting of the Australia-India Education Council (AIEC) in New Delhi.

    The meeting was co-chaired by Minister for Tertiary Education, Skills and Jobs, Senator Chris Evans, and India’s Minister for Human Resource Development, the Hon Kapil Sibal.

    “Today’s first meeting of the AIEC provides a critical forum for leaders representing government, education and training organisations, and industry to identify strategic goals of mutual benefit to both nations in further strengthening the bilateral education, training and research relationship,” Senator Evans said.

  • Reforms to Australia's federal legal system started from 1 Aug 2011

    Attorney-General Robert McClelland said changes to Australia’s legal system which commence today will result in more people resolving disputes before going to court, saving money, time and stress. Mr McClelland said the reforms commencing today as part of the Civil Dispute Resolution Act 2011 will fundamentally change the way people resolve issues in the federal courts.


  • SmartGate trial to streamline trans-Tasman travel

    New Zealand Minister for Customs Maurice Williamson and Australian Minister for Home Affairs Brendan O’Connor today welcomed the launch of the SmartGate trans-Tasman trial.


    The trial will involve the integration of New Zealand’s and Australia’s SmartGate systems and will give some travellers the opportunity to complete part of the Australian arrivals process in New Zealand.


    The trial will run until July 2012 and be available to Australian and New Zealand ePassport holders, aged 18 and over, who are travelling from Auckland International Airport to the Gold Coast Airport.

  • ATCO successfully completes acquisition of Western Australia based WA Gas Networks

    ATCO Friday successfully concluded its acquisition of the Western Australia-based WA Gas Networks (WAGN) from WestNet Infrastructure Group. WAGN is the natural gas distribution utility company that serves metropolitan Perth and surrounding regions.
    ATCO has acquired a 74.1 per cent interest in WAGN from WestNet Infrastructure Group through AET&D Holdings No 1 Ltd, and the remaining 25.9 per cent interest in WAGN from DUET Group, giving ATCO 100 per cent ownership. WAGN is now a 100 per cent owned subsidiary of Canadian Utilities, an ATCO company.

  • Australian film tax offset changes - submission requested by 15 Aug 2011

    Companies involved in making films in Australia are invited to make a submission about new legislation that will determine how the Government's support for the industry will be improved.

    In announcing the consultation on the exposure draft legislation, the Assistant Treasurer, Bill Shorten, said "This legislation will improve the efficiency and effectiveness of the Government's support for Australia's great film industry."

    There are over 2,400 businesses in Australia that work in the film and television industry.

  • Industry and Commerce business directory promotion declared misleading

    The Federal Court in Sydney has found that the Spanish-based company, European City Guide S L, trading in Australia as Industry and Commerce, misled Australian small businesses into signing up with its online business directory.

    The Court found that between 2006 and 2009, Industry and Commerce engaged in misleading or deceptive conduct in breach of section 52 of the Trade Practices Act 1974*.  The Court has ordered Industry and Commerce not to claim or seek a payment for online directory services from any Australian businesses that received and completed one of the ECG Forms which contained the representation.  Industry and Commerce is also required to pay 98% of the ACCC’s costs.

  • Shriro Group completes acquisition of Hagemeyer Brands Australia

    The Shriro Group announced that it has acquired Hagemeyer Brands Australia. The acquisition by the Group's Australian subsidiary is expected to more than double turnover and earnings in Australia and New Zealand and is the third acquisition in the region in the last decade, following the purchase of Monaco Corporation (NZ) in 2010 and Everdure (W.A) in 2001.

    Shriro Group CEO, Mr. Vasco Fung said the company is strongly committed to expanding its business in Australia and New Zealand and this acquisition makes perfect sense as it brings together two companies with similar cultures, a rich heritage both with strong and non-competing brands.

  • Gold Coast to brand itself the next Silicon Valley

    A new IT company lured to the Gold Coast has prompted Economic Development and Tourism Committee Chair, Councillor Susie Douglas, to brand the city the next Silicon Valley.

    Network Management Software company Opmantek, whose software is used by over 10,000 organisations globally, has confirmed its intention to base its operations on the Gold Coast.

    Cr Douglas said attracting Opmantek was another big win for Council’s Investment Attraction Program, which had already lured IT giant IBM to the Gold Coast.

    “At a time when creating local jobs has never been more important, we are really making headway attracting new and existing companies to the city,” said Cr Douglas.

  • City of Melbourne goes Gaga for International Student Welcome

    International Students will be treated to a Lady Gaga themed fashion show, Taiko and African drumming demonstrations and bush dancing as part of the Lord Mayor’s Semester Two Student Welcome on Saturday 30 July.

    The Lord Mayor’s Semester Two Student Welcome is a free event aimed at bringing new and existing international students together to welcome them and celebrate their contribution to the culture of the city.

    This year’s event will feature a fashion show with 40 young people showcasing designs by local designers Worn Wild, GeoMythink, Fashion Ninja, Le Lash Designs and many more.

  • Entrepreneurs take part in sydney’s first startup weekend

    Startup Weekend, an intense 54 hour event, will be held in Sydney for the first time this weekend, Deputy Premier and Minister for Trade and Investment Andrew Stoner said. Startup Weekend will bring together over 80 participants at the Australian Technology Park in Eveleigh to build new startup technology businesses. The Department of Trade and Investment is sponsoring the event as part of its efforts to help grow the State’s digital economy.