Tuesday, 21 November 2017 Sydney
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Invest In Australia News::

  • Action plan to help Indigenous Australians with consumer issues

    Consumer issues including scams, unscrupulous door- to-door sellers, and discrimination in the housing market headline some of the key priority areas in the National Indigenous Consumer Strategy (NICS) Action Plan 2017–2019.

    NICS members are the ACCC, ASIC, state consumer affairs agencies and the Indigenous Consumer Action Network (ICAN). We work together to ensure that issues affecting Indigenous Australians are given a priority within each of our agencies and organisations.

    Consumer Affairs Australia New Zealand (CAANZ) recently endorsed the three-year NICS Action Plan, which includes priority areas such as:

  • Full Federal Court dismisses ACCC’s appeal in Australian Egg Corporation case

    The Full Federal Court has dismissed the ACCC’s appeal in its matter against the Australian Egg Corporation Limited (AECL), Farm Pride Foods Ltd (Farm Pride) and Ironside Management Services Pty Ltd (trading as Twelve Oaks Poultry) (Twelve Oaks Poultry) and two executives, Mr James Kellaway and Mr Jeffrey Ironside. 

    The ACCC had alleged that at an ‘Egg Oversupply Crisis Meeting’, held by AECL and attended by egg producers, the AECL and the other respondents had attempted to induce egg producers to enter into a cartel arrangement to reduce the supply of eggs, in response to a perceived oversupply of eggs.

  • Interim gas report finds substantial shortfall for east coast likely in 2018

    The Australia Government has released the ACCC’s first interim report into the supply of, and demand for, wholesale gas in Australia.

    The ACCC Gas Inquiry 2017-20 Interim Report focusses on likely supply and demand conditions for 2018. Estimates of gas supply have been compared to estimates of demand in the east coast gas market for 2018, based on estimates of exports obtained from the liquefied natural gas (LNG) producers and the Australian Energy Market Operator’s (AEMO) projections of domestic demand.

  • ACCC appeals LG decision

    The ACCC has lodged a Notice of Appeal from the Federal Court’s decision on 1 September 2017 dismissing the ACCC’s proceedings against LG Electronics Australia Pty Ltd (LG).

    The ACCC had alleged that LG made false or misleading representations to certain consumers about their right to a repair, replacement or refund in relation to faulty LG televisions.

    The Court dismissed the ACCC’s allegations, finding that LG was under no obligation to inform these consumers of the existence of the Australian Consumer Law remedies available to them because the enquiry made by consumers related only to the manufacturer’s warranty.

  • ACCC appeals LG decision

    The ACCC has lodged a Notice of Appeal from the Federal Court’s decision on 1 September 2017 dismissing the ACCC’s proceedings against LG Electronics Australia Pty Ltd (LG).

    The ACCC had alleged that LG made false or misleading representations to certain consumers about their right to a repair, replacement or refund in relation to faulty LG televisions.

    The Court dismissed the ACCC’s allegations, finding that LG was under no obligation to inform these consumers of the existence of the Australian Consumer Law remedies available to them because the enquiry made by consumers related only to the manufacturer’s warranty.

  • Melbourne hospitals to host world-first cyber trial

    Melbourne’s hospitals will soon have cutting-edge cyber-security devices installed to protect medical equipment from being hijacked in a world-first global trial.

    The State Government of Victoria will fund a pilot with hospitals in Melbourne’s west to trial 400 Cyber-Nexus anti-hacking devices developed by Israeli firm Bio-Nexus.

    The devices provide a double-layered security protection for medical equipment including heart rate monitors and intravenous pumps to prevent compromise by hackers.

  • AIIA releases major position paper on impact new technologies will have on future employment

    The Australian Information Industry Association (AIIA), the nation’s peak industry body for the technology sector, today released its “Skills for Today, Jobs for Tomorrow” position paper, which calls on the urgent need for government and industry to develop a practical strategy and action plan to prepare Australians for the jobs of the future.

  • Australians ready to embrace jobs of the future, says AIIA survey

     “ICT and digital leaders must work proactively with governments and communities to develop practical strategies to build Australia’s digital literacy capabilities, to prevent social and economic dislocation,” said Rob Fitzpatrick, CEO, AIIA. “While history shows technology will add productivity and economic growth, our position paper is the start of what needs to be a broader conversation about developing an action plan to ensure Australians are adequately prepared for the jobs of the future and people are not left behind,” he added.

  • Australia and New Zealand Information Access Commissioners unite for citizen's Right to Know

    Australia and New Zealand’s Information Access Commissioners are meeting on 28 and 29 September 2017 in Brisbane to discuss and promote the importance of open government and the right for citizens to access government-held information and data.

    In recognition of this year’s International Right to Know Day the listed independent statutory officers have released the following statement:

    A citizen’s right to access government-held information and data, participate in government decision-making, and have transparency in how decisions are made is central to any effective democracy.

  • ACCC appeals Medibank decision

    The Australian Competition and Consumer Commission has lodged a Notice of Appeal from the Federal Court’s decision on 30 August 2017 dismissing the ACCC’s proceedings against Medibank Private Limited (Medibank).

    The ACCC had alleged that Medibank made false, misleading or deceptive representations and engaged in unconscionable conduct in relation to its failure to notify Medibank members and members of its subsidiary brand, ahm, of its decision to limit benefits for in-hospital pathology and radiology services, despite representing across a number of its communication and marketing materials that it would.

  • Almost $18 billion of super waiting to be claimed

    The ATO today announced its latest figures on lost and unclaimed superannuation accounts.

    As at 30 June 2017, there are over 6.3 million lost and ATO-held super accounts with a total value of almost $18 billion.

    The figures show that super funds are holding $14.12 billion of lost super, with a further $3.75 billion of unclaimed super held by the ATO.

    Assistant Commissioner Debbie Rawlings said the easiest way for people to keep track of their super, find lost or unclaimed super, or combine their accounts is by using ATO online services through myGov.

  • Almost $18 billion of super waiting to be claimed

    The ATO today announced its latest figures on lost and unclaimed superannuation accounts.

    As at 30 June 2017, there are over 6.3 million lost and ATO-held super accounts with a total value of almost $18 billion.

    The figures show that super funds are holding $14.12 billion of lost super, with a further $3.75 billion of unclaimed super held by the ATO.

    Assistant Commissioner Debbie Rawlings said the easiest way for people to keep track of their super, find lost or unclaimed super, or combine their accounts is by using ATO online services through myGov.

  • Full Federal Court refers Tabcorp-Tatts decision back to the Tribunal

    The Full Court of the Federal Court has today set aside the decision of the Australian Competition Tribunal to grant authorisation for Tabcorp Holdings Limited to acquire Tatts Group Limited, referring the decision back to the Tribunal for further consideration. 

    “The ACCC is pleased that the Full Federal Court has set aside the decision, however the reasons for the decision are not yet public,” ACCC Chairman Rod Sims said.

  • Keeping the lights on: Australia’s energy affordability crisis

    Energy affordability issues are already hitting the manufacturing industry in Australia hard, ACCC Chairman Rod Sims told the National Press Club in a lunchtime address today.

    The ACCC is currently conducting inquiries into both the affordability of retail electricity, and gas market supply and demand.

    “We at the ACCC have been sounding the alarm in relation to business energy costs for some time. It is great that there is now considerable focus on this issue,” ACCC Chairman Rod Sims said.

  • Amazon asked to ensure compliance with Australian unfair contract terms legislation

    The Australian Small Business and Family Enterprise Ombudsman has written to Amazon to ensure the company complies with Australia’s unfair contract terms legislation.

    Ombudsman Kate Carnell said the pending arrival of Amazon Marketplace in Australia represented an opportunity for many small businesses to compete online and extend their reach.

    But Ms Carnell also wants to remind the company of its obligation to treat small businesses fairly in accordance with Australian law.

  • Dealers squeezed by car manufacturers at consumers’ expense

    Car manufacturers need to step up to meet their consumer guarantee obligations under the Australian Consumer Law (ACL) and stop putting the squeeze on dealers through dealer agreements, policies and procedures, ACCC Chairman Rod Sims told the 2017 Australian Automotive Dealer Association National Dealer Convention in Sydney today.

    As retailers, car dealers are the first point of call for consumers experiencing a problem with a faulty car, but information provided to the ACCC and released in the draft New car retailing industry market studyshowed an imbalance in the manufacturer-dealer relationship which imposes significant cost on dealers and ultimately affects consumers.

  • Ombudsman celebrates National Family Business Day

    The Australian Small Business and Family Enterprise Ombudsman today celebrates Australian family businesses and their contribution to the economy.

    Ombudsman Kate Carnell said the family enterprise sector accounts for two in three businesses.

    “The role family businesses play is an important one, as they employ more than 50% of the Australian workforce,” she said.

  • Small business registrations should be streamlined

    The Australian Small Business and Family Ombudsman has called for the consolidation of registration requirements for small business.

    Ombudsman Kate Carnell said the optimal outcome would be one form hosted by a single agency on a single website to update the multiple registries that exist.

    Ms Carnell made the comment in a submission to the Government’s consultation on Modernising Business Registers.

    “One of the issues facing small business is the compliance burden of having to meet regulatory requirements for registering and updating information on their business structure and governance,” Ms Carnell said.

  • Kangaroo Island Wine Industry To Receive More Than $113,000 In Funding

    Three wineries on Kangaroo Island will be offered up to $25,000 each as part of the State Government’s Cellar Door Grants Program, to help them upgrade and diversify their cellar doors to provide visitors with a world class experience.



    The newly funded projects are:

  • Four new Service NSW centres on the way

    New centres in Hay, Leeton, Finley and Wentworth will be a one-stop shop for NSW Government services.

    The rollout of four new Service NSW service centres across the Riverina will bring together 970 essential services from 50 different NSW Government departments.

    Deputy Premier and Minister for Regional NSW John Barilaro said Service NSW continued to be a game-changer for citizens and government.

     “We want to give businesses and locals the convenience that comes with the fast and efficient delivery of government services, so residents don’t waste their time waiting in queues,” Mr Barilaro said.

  • Have your say on Rhodes East

    Give feedback on the draft Priority Precinct Plan for Rhodes East to make it a vibrant place to live and work.

    Drop-in sessions in October and November will allow the community to meet planners from the Department of Planning and Environment and the City of Canada Bay Council about the revitalisation of Rhodes on the eastern side of the rail line.

    The draft Priority Precinct Plan for Rhodes East could see 3600 new homes, a new school, community facilities, shops, cafes and new pedestrian and cycling paths along the Parramatta River foreshore.

  • SOUTH AUSTRALIAN BUSINESSES RAISING THE BAR IN WINE TOURISM

    Seven South Australian businesses are toasting success, after being named winners in the 2018 South Australian Best of Wine Tourism Awards.



    The successful recipients were announced by Minister for Agriculture, Food and Fisheries Leon Bignell.
    They are:

  • Melbourne shines in latest Global Financial Centres Index

    Melbourne has jumped eight ranking places in the latest Global Financial Centres Index, produced in partnership by the China Development Institute(CDI) in Shenzhen and Z/Yen Partners in London.

    The index, released biannually, measures the attractiveness of 108 financial centres across the globe, and analyses research by major international institutions including the World Bank and United Nations, alongside thousands of survey responses.

  • ACCC takes action against Servcorp for alleged Unfair Contract Terms

    15 September 2017

    The ACCC has instituted proceedings against Servcorp Ltd and two of its subsidiaries (Servcorp) alleging that a number of terms in Servcorp’s standard form contracts with small businesses are unfair and should be declared void.

    Servcorp supplies serviced office space and virtual office services such as office suites, secretarial services, IT, communications and personal assistants to its clients, many of whom are Australian small businesses.