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Invest In Australia News::

  • Retail turnover rises 0.3 per cent in March

    Australian retail turnover rose 0.3 per cent in March 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. 

    This follows a 0.9 per cent rise in February 2019.

  • International Investment Position, Australia: Supplementary Statistics, 2018

    INTERNATIONAL INVESTMENT POSITION

    Australia's net international liability position as at 31 December 2018 was $975.7b, an increase of $6.9b on the previous year.


    Level of foreign investment in Australia

  • Have your say about your capital city’s budget plans

    A renewed focus on main streets, city businesses growth, street greening, and unique experiences and activations form the budget’s centrepiece.

    Acting Lord Mayor Houssam Abiad said all councillors were keen to hear from their community, either online or in person.

    “Following five months of discussion and collaboration, I’m confident that we have crafted a balanced Integrated Business Plan which will support the city’s continued economic and cultural growth.

  • Strengthening trade and smart city links with China and Indonesia

    City of Melbourne Lord Mayor Sally Capp will visit Indonesia and China later this week to promote Melbourne businesses and foster economic, trade and smart city relationships with our major trading partners.

    The Lord Mayor will travel to Bandung in Indonesia and Guangzhou, Nanjing, Tianjin and Beijing in China on a 10-day visit from Thursday 9 May to Tuesday 21 May 2019.

  • Smart locker at the Chigwell Child and Family Centre

    The Hodgman Liberal Government has made the library network more accessible to all Tasmanians.

    Today I was pleased to visit the Chigwell Child and Family Centre (CFC) to launch the installation of a Smart Locker.

    This will allow people access to the library online and the ability to collect items placed on hold without needing to visit a Libraries Tasmania site. For busy families or families who face barriers, like transportation, this is an opportunity for them to still have access to library materials in a setting they are familiar with.

  • Sydneysiders support plans for a 24-hour city

    New rules allowing city centre businesses, shops and restaurants to trade late into the night could take effect from next month after Sydneysiders overwhelmingly backed a major overhaul of the city’s late-night planning controls.

    The City of Sydney’s new controls include some of the biggest changes to city planning in a decade. They allow for:

  • Tasmania leads the way in the Sensis Business Index

    The latest Sensis Business Index confirms the Hodgman Liberal Government’s policies are working, as Tasmanian business confidence remains among the strongest in the country.

    For the March 2019 quarter, the Survey shows that businesses rated the Hodgman Liberal Government’s policies the most popular in the nation for the seventh quarter in a row.

    This confidence in our Plan is why the private sector continues to invest in our state, as demonstrated by our nation leading results in new capital expenditure, building approvals and engineering construction work done.

  • Climate change takes centre stage in Australia's election

    Two contenders for PM have very different messages about how to address environmental emergency

    As political leaders travel across Australia to deliver their election talking points in farms, factories and sports fields, they are criss-crossing a country in the grip of a rolling climate emergency.

  • Major parties stare down election eligibility questions in two Victorian marginal seats

    Labor denies Deakin candidate Shireen Morris has dual citizenship while Liberals say Higgins’ Katie Allen has resigned from her research role

    The major parties are defending their candidates in two key Victorian marginal seats after concerns were raised about the eligibility of Labor’s Shireen Morris in Deakin and Liberal Katie Allen in Higgins.

  • Sky News Australia closes its dedicated business channel Your Money

    Joint venture with Nine shuts down eight months after its rebranding with the loss of 70 jobs, citing lack of advertisers

    Sky News Australia has closed down its dedicated business channel just eight months after it was rebranded Your Money in a joint venture with Nine Entertainment.

    The 24-hour business, personal finance and lifestyle channel failed to attract the cross-platform advertisers in subscription, pay and digital that the joint venture partners Sky and Nine had hoped.

  • First person charged under Western Australia's new revenge porn laws

    Perth man accused of creating fake Instagram pages under his ex-girlfriend’s name and sharing intimate photographs

    A Perth man has become the first person to be charged under Western Australia’s new revenge porn laws for allegedly creating fake Instagram pages under his ex-girlfriend’s name and sharing intimate photographs.

    The 24-year-old, from Spearwood, is alleged to have taken the images of his 24-year-old girlfriend, with her knowledge and consent, during their relationship.

  • Australia's capital cities face water restrictions as dams near 50%

    Sydney, Melbourne and Brisbane have seen water levels hit near-decade lows after a hot summer and dry autumn

    Sydney, Darwin, Brisbane and Melbourne are all facing the prospect of dams below 50% capacity after low rainfall and high temperatures across the country.

  • Labor fails the community and workers, again

    Labor’s pattern of contempt for the views of the community continues as they confirm their opposition to our Bill to guarantee mandatory minimum sentences for serious assaults against nurses, paramedics, correctional officers and other frontline workers.

    Debate has begun on the Sentencing Amendment (Assault of Certain Frontline Workers) Bill 2019, and the Labor Party has revealed it is once again soft on crime and willing to allow a free pass for violent offenders who assault frontline, critical staff serving our community.

  • Abbott v Steggall: former PM suggests Australia reopen car industry – despite role in collapse

    Tony Abbott and Zali Steggall clashed over climate change at Warringah election debate

    Tony Abbott has appeared to countenance reopening the Australian car industry – an industry he effectively shut down while prime minister by ending subsidies – in a robust debate with his rival, the independent candidate Zali Steggall.

  • Of course rich people think inequality doesn’t matter. They don’t see it

    The ‘gated community’ effect means the more inequality grows, the easier it is for the rich not to notice

    Before dawn, a group of men shuffle into a cold storage factory in outer Melbourne. They’re weary but grateful for the work. There are no standard start times, no minimum shift lengths and no guarantee of future shifts. For now though, they have work.

  • Optimism is growing towards Australia's housing market

    • Other housing data is also starting to show modest signs of improvement, even before possible rate cuts and regulatory easing are taken into consideration.
    • Based on recent trends, the debate over whether the worst of the downturn is over is slowly turning towards when prices may start to bottom.

    Australian capital city home prices have fallen for 19 consecutive months, equaling the downturn seen at the start of the decade, at least in terms of duration.

  • Australian businesses lose $7.2 million from email scams in 2018

    Email scams hit Australian businesses more than 5800 times in 2018, with losses exceeding $7.2 million according to the Australian Competition and Consumer Commission ('ACCC').

    The ACCC's Targeting Scams report details how sophisticated email scams hit Australian businesses at a 53 per cent increase compared to 2017.

  • After a brutal 2018, Australian new home sales look to have stabilised

    • Australian new home sales have stablised after slumping over 8% last year.
    • Other housing market indicators have stabilised recently, hinting that conditions may be slowly staring to turn.
    • Australian building approvals data for March will be released on May 3.
  • Forget taxes and energy, the key election issue for small business is payment times

    Politicians courting the vote of the nation's small businesses should look no further than the lifeblood issue of getting paid on time.

    That is the clear message from a survey of 1000 businesses by accounting platform MYOB which saw 69 per cent of respondents saying they would vote for policies committing government and big business to pay small businesses within 30 days.

    Payment times was the biggest concern for small business ahead of other issues both parties have campaigned heavily on such as company tax cuts and energy policies.

  • Crowdfunding small slice of startups' record fundraising

    It's been a bumper quarter for startup capital raises but Australia's much heralded equity crowdfund format is contributing less than half a per cent of the cash.

    A quarterly funding report from Techboard released on Wednesday shows startups raised more than $2.6 billion in the three months to March. Venture capital contributed $477 million to this, while crowdfunding delivered just $7.4 million.

  • Jump! swim company paid thousands by franchisee but never built schools, court hears

    A franchisee who entered into a swim school venture to teach special-needs children ended up paying thousands of dollars despite the schools never being built, a court has been told.

    Shaun Trumbull says he entered into franchise agreements with Jump! swim schools to establish two premises on Sydney's Northern Beaches in March 2016.

  • Forget taxes and energy, the key election issue for small business is payment times

    Politicians courting the vote of the nation's small businesses should look no further than the lifeblood issue of getting paid on time.

    That is the clear message from a survey of 1000 businesses by accounting platform MYOB which saw 69 per cent of respondents saying they would vote for policies committing government and big business to pay small businesses within 30 days.

    Payment times was the biggest concern for small business ahead of other issues both parties have campaigned heavily on such as company tax cuts and energy policies.

  • Bank funding cost fall sparks 'out-of-cycle' rate cut debate

    Weak loan growth and expectations of a cut in official interest rates have triggered a sharp fall in banks' funding costs, sparking debate over the prospect of "out-of-cycle" mortgage rate cuts.

    After banks last year raised variable interest rates, citing higher funding expenses, a key measure of what it costs banks to borrow on wholesale debt markets has recently returned to more normal levels.

  • Future Fund returns top 10 per cent for the decade

    Australia's Future Fund has grown to $154 billion and strong equity gains over the past quarter have helped push the 10-year returns over 10 per cent, though future global economic challenges could affect value.

    Australia's sovereign wealth fund has earned $94 billion in returns since being established in 2006 and is up 5.9 per cent so far this year, beyond its target of 3.9 per cent.