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Invest In Australia News::

  • EFIC supports Incat in the delivery of the world’s first LNG ferry

    Export Finance and Insurance Corporation (EFIC), the Australian Government’s export credit agency, has provided a multi-million dollar construction finance facility, 50% of which is guaranteed by Australia and New Zealand Banking Group Limited (ANZ), to support Incat Tasmania’s (Incat) ship building contract with South American company, Buquebus.

    The facility will be used by Incat to finance the construction of the world’s first dual fuel, high speed passenger catamaran capable of operating on either LNG or diesel. Incat sought support from EFIC and ANZ for additional capital to construct the ship for its South American customer.

  • Australia works with World Food Programme to save lives in the Horn of Africa

    The Prime Minister and Foreign Minister today announced the Government will provide $20 million in additional emergency humanitarian support for the 11.6 million people affected by the looming catastrophe in the Horn of Africa.

    The United Nations estimates that this is the most severe food security challenge in Africa for 20 years. But if we learn lessons from the past and act fast, we can save hundreds of thousands of lives.

    UNICEF has labelled the situation the "children's famine", with reports saying that two million young children across the Horn of Africa are malnourished and in need of immediate help.

  • Recall acquires Melbourne based document destruction business of Infoshred Pty Ltd

    Recall, a global leader in records storage, secure document destruction, digital solutions and data protection, announced it has acquired the Melbourne-based document destruction business of Infoshred Pty Ltd.

    Founded in 2002, Infoshred is a privately-owned secure document destruction company operating in Australia. Recall acquired the service and collection component of Infoshred’s secure destruction business.

    Recall ANZ President Dan McFarland said this acquisition supports the company’s growth strategy and will expand its footprint in Victoria, an extremely important area for companies in Australia and for Recall.

  • Xero to acquire leading Australian online payroll company Paycycle

    Online accounting software provider (XRO) Xero has signed an agreement to acquire leading Australian online payroll company Paycycle. The acquisition of Paycycle will accelerate Xero’s growth in the Australian market and enhances Xero’s online accounting offering for small businesses and their advisors.

    Acquiring Paycycle also provides Xero with a specialist payroll development team at a time when it remains difficult to secure skilled software personnel. Payroll specialist Stuart McLeod and IT specialist John Freeman founded Paycycle in 2009.
     
    The company has rapidly grown to service 750 customers, providing a user-friendly online payroll system that also manages employee leave, tax and superannuation.

  • Queensland based Pharma company to stake claim in global capsule market

    Global pharmaceutical and healthcare company, Sanofi is expanding its operations to become Queensland’s first manufacturer of softgel capsules for vitamins, minerals and herbal supplements.
     

    Queensland Treasurer and Minister for State Development and Trade Andrew Fraser said Sanofi’s $14.2 million expansion at Virginia would help it stake a claim in the booming global soft gelatin market.
     

    “Everyone takes tablets in some form, whether it’s through your daily vitamin hit or a regular prescription, and capsules are fast becoming the preferred method,” Mr Fraser said.
     

  • NSW Premier secures first major international sponsorship worth $600,000 for Sydney Festival

    NSW Premier Barry O’Farrell has announced the first major international sponsorship deal for the Sydney Festival, after securing an agreement in China with the nation’s largest airline, China Southern Airlines.

     

    Mr O’Farrell said he was delighted China Southern Airlines will be the official airline of Sydney Festival 2012 and co-sponsor events including the Domain Concert Series, the Ferrython and the free outdoor concerts Summer Sounds. “This is the most significant international sponsorship ever obtained by Sydney
    Festival and the first with a Chinese company,” Mr O’Farrell said.

  • Aegis Group plc acquires minority shareholding in Australia’s TigerSpike Pty Limited

    Aegis Group plc, the marketing communications and market research group, Wednesday announced that it has acquired a minority shareholding in TigerSpike, a Sydney based leading provider of mobile technology solutions, for a total consideration of US $11 million.

    A leader in the field of personal media multi platform technology solutions (i.e. mobile, tablet, kindle-book readers, smart TV etc), TigerSpike is well positioned to support Aegis Media in penetrating this fast-growing segment of the marketing communications market.

  • Multimillion dollar feature film Paradise Lost to shoot in NSW

    Acting NSW Premier and Minister for Trade and Investment Andrew Stoner today announced that the multimillion dollar film Paradise Lost will be produced in Sydney.


    Mr Stoner made the announcement at Fox Studios Australia in Sydney, alongside the film’s director Alex Proyas. Paradise Lost will bring an estimated $88 million in production expenditure and an estimated 1,300 jobs to NSW, including over $20 million expenditure and 200 jobs in the visual effects area. The film involves more than 20 weeks of pre-production, eight weeks of principal photography and motion capture, and 72 weeks of post-production and visual effects work.  

  • Western Australia to feature on five million shiny new dollars

    Special Minister of State Gary Gray today unveiled the first of more than five million one dollar coins that will be released to mark the 2011 Commonwealth Heads of Government Meeting in Perth.

     

    Minister Gray said today also marked 100 days until the Queen and Commonwealth leaders would arrive in Perth for CHOGM in October. The meeting will be the largest gathering of world leaders to ever be held in Western Australia.

     

    “The Gillard Labor Government is very pleased to be bringing the Commonwealth Heads of Government meeting and its significant parallel events to Perth,” Mr Gray.

  • Tetra Tech to Acquire Australian Mining Engineering Company Proteus EPCM Engineers

    Tetra Tech, Inc. announced Tuesday that it has entered into a definitive agreement to acquire substantially all of the assets of mining engineering company Proteus EPCM Engineers of Perth, Australia.

    Proteus has about 150 employees primarily located in Western Australia and has annual revenue of approximately $30 million. The acquisition is expected to close in early August 2011.
     
    Dan Batrack, Tetra Tech's Chairman and CEO, said the move is an important step in the execution of Tetra Tech's global expansion strategy. Like Canada, Australia's high-growth economy is driven by strong demand for natural resources, said Batrack.
     

  • One million sea cargo x-rays help protect Australia

    The Minister for Home Affairs Brendan O’Connor today joined with Customs and Border Protection staff to celebrate the one millionth x-ray of a sea cargo container arriving in Australia.

     

    This is a significant milestone for Customs and Border Protection in its ongoing work to stop prohibited goods from getting into Australia.

     

    Mr O’Connor today visited the Container Examination Facility in Melbourne and witnessed the x-ray and unpacking of a recent seizure of 16.8 tonnes of illicit loose tobacco, worth almost $8 million in foregone duties and GST.

     

  • What's your big idea Queensland? grants scheme for Queensland innovators opening soon

    Innovative small to medium-sized businesses are being urged to get their thinking caps on in preparation for the next round of the What's your big idea Queensland? grants scheme.

    Treasurer and Minister for State Development and Trade Andrew Fraser said the second round of the highly successful grants program would open on 8 August.

    "The scheme's pilot round proved so successful that the Bligh Government recently increased the funding allocation by $3 million over the previous $2.5 million," Mr Fraser said.

  • NSW secures new deals with Chinese Telco gian Huawei Technologies

    NSW Premier Barry O’Farrell has announced two new agreements between NSW and the Chinese telecom company Huawei Technologies.

     

    On day three of talks in China, the Premier said the partnerships with Huawei will see NSW further develop its electronics expertise and source innovative fibre optic technology. “The agreements with Sydney’s Macquarie University and with a Sydney arm of the Finisar Corporation are a vote of confidence in the future of the State’s Information and Communications Technology sector,” Mr O’Farrell said.

  • Australia assists least developed countries to benefit from the global trading system under WTO's EIF

    Australia will contribute $2 million under the World Trade Organization’s Enhanced Integrated Framework (EIF) to assist the world’s poorest countries to integrate into the global trading system.

    Foreign Affairs Minister Kevin Rudd and Trade Minister Craig Emerson announced the contribution in connection with the Third Global Review of trade-related development assistance (Aid for Trade), held at WTO headquarters in Geneva on 18-19 July.

  • Great early response to Centenary of Canberra project CAPITheticAL

    Chief Minister Katy Gallagher has welcomed a big early response to the Centenary of Canberra project, CAPITHeticAL, which in the month since its launch has attracted significant interest in Australia and from overseas.


    "As we head towards our Centenary in 2013, this innovative design competition invites entrants to imagine how an Australian national capital might look in the 21st century, understanding all of the challenges we face today.


    "I am pleased that since the competition was launched by His Excellency Michael Bryce AM AE in early May, there has been a fantastic response with 498 individuals and teams having registered their interest to date.

  • Australia supporting stronger regional architecture

    Foreign Minister Kevin Rudd will today travel to Bali to attend the East Asia Summit (EAS) Foreign Ministers’ Meeting, the ASEAN-Australia Ministerial Conference and the 18th ASEAN Regional Forum (ARF).

    “Australia is committed to deep engagement with the region and strengthened regional institutions that advance Australia’s security and economic interests,” Mr Rudd said.

    Mr Rudd will discuss practical ways to strengthen the EAS and take forward a number of priorities, including improved regional mechanisms to help manage natural disasters and the development of an EAS security agenda.

  • Macquarie Leasing forays into Australian motor vehicle floorplan finance market

    Macquarie Leasing announced that it has entered the Australian motor vehicle dealer wholesale floorplan finance market. Floorplan finance facilities are arrangements which dealers use to fund motor vehicles during the time the vehicles are on the showroom floor.  

    This expansion of its product range further consolidates Macquarie Leasing’s position as one of the leading providers of motor vehicle finance in Australia. At 31 March 2011, its motor vehicle leasing portfolio was valued at $A5.9 billion and comprised more than 240,000 contracts.  

  • ACT Helping Canberra based companies crack trillion dollar US market

    The ACT Labor Government is urging local companies to consider being part of a pilot program aimed at helping them crack the lucrative trillion dollar US market for government services.


    The Exporting Services to Government pilot has been developed in consultation with the ACT Exporters’ Network, the NICTA e-government Cluster, the AIIA CollabIT Network, the Defence Export Unit and Austrade. It features local export success story Stewart Rendall who will act as mentor, providing his experience and expertise to companies involved in the pilot.

  • NSW Premier Barry O’Farrell has opened his trade visit to China by securing investment deals

    NSW Premier Barry O’Farrell has opened his trade visit to China by securing two investment deals for the State.


    Mr O’Farrell has congratulated the China Railway 15th Bureau Group (CR15G) on its decision to open an office in NSW – its first in Australia.


    “The China Railway Group is looking to position itself in NSW to take advantage of opportunities to tender for infrastructure developments,” Mr O’Farrell said.

  • Best new Aussie ICT technology talent announced for Tech 23

    Acting NSW Premier Andrew Stoner Monday announced the 23 successful local ICT companies that will participate in next month’s Tech23 innovation event in Sydney.

     

    Tech23 is a competition that gives 23 of the best young, innovative and fast-growing Australian technology companies the chance to showcase to over 400 potential investors, mentors, entrepreneurs, and customers.

     

    Mr Stoner said the 23 successful applicants had been chosen from more than 150 submissions from Australia's most innovative ICT companies.

     

  • Tasmania North-west coast prospects beefed up by expansion

    A Tasmanian beef processing company in Smithton has created 17 new jobs for the region through building improvements partly funded by a $1.1 million grant from the Australian and Tasmanian Labor governments.

     

    Greenham Tasmania received the grant through the $17 million North West and Northern Tasmania Innovation and Investment Fund (NWNTIIF), which was jointly established by the governments in 2009 in response to factory closures in the region.

     

  • HiFX and EFIC announce foreign exchange facility guarantee to assist exporters in managing volatility in currency markets

    Specialist currency services provider, HiFX, today announced a foreign exchange guarantee agreement with the Export Finance and Insurance Corporation (EFIC), with the aim of helping to give Australian exporters greater control in managing their exposure to volatile currency markets.


    With the use of the guarantee from EFIC, the Australian Government’s export credit agency, HiFX can provide eligible exporters with higher limits for foreign exchange hedging, one of the most common ways exporters manage foreign exchange risk. Businesses will not have to provide additional security to access the guarantee.

  • Santos acquires 100% of Eastern Star Gas

    Santos announced Monday that it has reached binding agreements to give effect to the acquisition of 100% of the outstanding ordinary shares in Eastern Star Gas Limited (ESG) and the subsequent sale of a 20% working level interest in ESG’s permits in the Gunnedah Basin, northern New South Wales, for A$284 million to TRUenergy Holdings Pty Ltd (TRUenergy).

    Pursuant to these transactions, Santos will assume operatorship and own 80% of ESG’s coal seam gas (CSG) permits with TRUenergy owning the remaining 20%. The acquisition of ESG will be conducted via a recommended Scheme of Arrangement (Scheme) under which ESG shareholders will receive 0.06803 Santos shares for every 1 ESG share held.

  • Lasalle to Acquire Brisbane Based Australian Property Funds Management Business

    LaSalle Investment Management, a leading global real estate investment manager, Friday announced that it has entered into a definitive agreement with Trinity Group and Clarence Property Corporation to acquire Trinity Funds Management (TFM) for AU$9.25 million, plus the net assets of the business.
     
    There are a number of customary conditions to be met before closing, which is anticipated to be on or around 1 August 2011.