Saturday, 22 July 2017 Sydney

Invest In Australia News::

  • The NSW Government will begin removing all five nets from the North Coast shark net trial.

    The decision to end the North Coast shark net trial two weeks earlier than planned follows an increase in whale sightings along the NSW coastline.

    The Department of Primary Industries will begin deploying an additional 10 SMART drumlines, bringing the total number of SMART drumlines to 35 on the North Coast.

    Early results from the shark net trial revealed more target sharks were caught using SMART drumlines, compared to nets.

  • ATO provides certainty on tax treatment for those affected by recent payroll company issues

    Today the ATO has issued initial guidance to assist taxpayers who may have been affected by the alleged actions of payroll services companies currently under the joint AFP and ATO investigation, Operation Elbrus.

    We hope this general advice will provide certainty to workers and employers who have used the services of payroll company Plutus Payroll Australia Pty Ltd and associated entities and may be seeking guidance regarding PAYGW status, to ensure their tax obligations are met.

    Advice for workers

  • Industry code good first step but more needs to be done

    Large businesses are finally taking steps to assist their small business suppliers as over 30 companies sign a voluntary code which aims to pay small business within 30 days.

    The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell says her office’s Inquiry into Payment Times and Practices paved the way for large companies to review poor business behaviour.

    “We’re pleased to see the Business Council of Australia leading this initiative to improve payment times for small business. However we have concerns the Australian Supplier Payment Code may not tackle the issue of unreasonable payment times,” Ms Carnell said.

  • Melbourne attracts C2 business conference in world first

    In a world first, Melbourne has secured the major business event C2, in a move bolstering the city's already packed business events calendar.

    After six successful editions, the event is now going global.  Melbourne is the only city in the world outside of Montreal to host the event.

    Over two days from 30 November to 1 December 2017, C2 Melbourne will bring together business and creativity to explore trends, opportunities, and discussing future industry shifts and disruptions.

    The event aims to assist attendees identify creative solutions to commercial and social challenges in a unique environment.

  • BioPen draws stem cells to make 3D-printed knee cartilage

    Melbourne surgeons have developed a 3D printer pen filled with stem cell ink to inject new cartilage into damaged knees, paving the way for other body part replacement treatment.

    The Biopen has been developed by Melbourne surgeons to repair damaged cartilage in the knees of six sheep in injuries similar to those sustained by footballers and netballers.

    After a short rehabilitation, the sheep were all able to bear weight and regrow cartilage far stronger than "repair cartilage" found after existing treatments.

  • ACCC finalises regulation of non-NBN high-speed internet services

    The Australian Competition and Consumer Commission has finalised its decision on the regulation of high-speed internet services supplied by non-NBN fixed line networks.

    The networks largely supply high-speed internet services in new housing estates and apartment buildings in central city locations. In many areas they supply internet services where the NBN does not offer services and provide customers in these areas with a limited choice of retailers of internet services.

    The major providers of these services are Telstra (South Brisbane and Velocity Estates fibre networks), TPG, Vocus, LBN Co, Opticomm, and OPENetworks.

  • Sa/Nt Agricultural Industry To Benefit From Road Upgrade And Access Improvements

    Triple road trains and other combinations up to 53.5 metres long, will soon have access to a decoupling facility, including a livestock transfer tower, on Yorkeys Crossing Road.

    This will increase productivity for livestock transport operators and assist the flow of cattle between South Australia and the Northern Territory.

    The intersection at Yorkeys Crossing Road and the Stuart Highway, north of Port Augusta, will be upgraded to allow access to the decoupling yard which is part of the nearby IOR Petroleum facility.

  • Statement on Lindt Café siege inquest

    Two innocent people lost their lives in the terrible events of the Lindt Café siege in December 2014. Tori Johnson and Katrina Dawson will never be forgotten. Our thoughts are with their families and loved ones today.

    We will also never forget the ordeal suffered by the surviving hostages.

    I acknowledge the bravery of the police and first responders who put their lives on the line during this act of terror.

    The people of NSW were devastated by the events of 15 and 16 December 2014. The outpouring of grief that saw a sea of flowers grow in Martin Place is still palpable.

  • Flood assistance for the North Coast

    Disaster assistance is available for North Coast communities affected by flooding.

    Natural Disaster Relief and Recovery Arrangements (NDRRA) is providing assistance to the local government areas of:

    • Ballina
    • Byron
    • Kyogle
    • Lismore
    • Richmond Valley
    • Tweed.

    The assistance includes:

  • Tourism Tracer building visitor insights faster

    Tasmania’s tourism industry is booming with 1.2 million visitors and $2 billion in spending driving growth right across the state, including in the regions.

    Stage two of the Tourism Tracer Dashboard launched today, is an innovative research tool to help us gain a better insight into visitors and what they like - faster.

    The Dashboard provides online access to data collected via smart phones used by visitors as part of the Tourist Tracking Project.

    The smart phones send GPS data (and other information captured through pop-up surveys) directly to the Dashboard.

  • Australia leads in renewable energy investment

    Australia has jumped up the global renewable energy rankings following investment of more than A$7.5 billion in wind, solar and rooftop installations over the past year.

    Australia is now placed at five on Ernst & Young's Renewable Energy Attractiveness Index up from eleven recorded in October last year.

  • West Basin renewal continues with funding for second stage

    Joint media release: Chief Minister Andrew Barr MLA and Mick Gentleman MLA

    The renewal of the West Basin precinct to make it a better place for Canberrans will continue with the ACT Government investing in stage 2 of the boardwalk and parkland upgrades as part of the upcoming ACT Budget 2017-18.

    The continuation of stage two of the West Basin boardwalk project confirms the ACT Government’s commitment to connecting the city to the lake. With stage one of the boardwalk complete and work about to begin on the new Point Park, the area is set to become one of the best places for Canberrans to enjoy Lake Burley Griffin close to the CBD.

  • System to monitor cattle from space ready to be commercialised

    Precision Pastoral Pty Ltd has been announced as the new commercial partner for the highly successful Precision Pastoral Management System, which allows pastoralists to monitor their cattle herd using satellite technology.

    As part of the commercialisation, the Precision Pastoral Management System will be renamed eTrend.

    The Precision Pastoral Management System was developed by Ninti One and the Co-operative Research Centre for Remote Economic Participation and was trialled at five cattle stations across northern Australia.

  • Businesses lost an average of $10,000 to scams in 2016

    Nearly 6000 businesses reported being targeted by scams in 2016 according to the Australian Competition and Consumer Commission’s Targeting Scams report, with losses totalling around $3.8 million, an increase of almost 31 per cent.

    The highest losses were to computer hacking, fake investment schemes and buying and selling scams, according to reports made to Scamwatch over the past year.

  • ACCC takes action against Ultra Tune under Franchising Code

    The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court against Ultra Tune Australia Pty Ltd (Ultra Tune), a national motor vehicle repair franchisor, for a number of alleged failures to comply with the Franchising Code (the Code) and for alleged breaches of the Australian Consumer Law (ACL).

  • Budget to support 7,600 jobs for Tasmanians

    The Hodgman Government’s number one priority is jobs.

    Under our long-term Plan, 6,400 jobs have been created and the unemployment rate has dropped to 5.8 per cent, the second lowest rate of any state in the country, but there is still a lot more to do.

    That’s why this budget will contain a game changing job creation package, so that we can build Tasmania’s future.  It will help support 7,600 jobs right around the State.

  • $50 million in funding for mining towns

    Mining communities can apply for a share of funding from the Resources for Regions program.

    Applications for the funding are open to mining communities in local government areas outside of Sydney.

    Launched in 2012, the funding gives mining communities the opportunity to upgrade:

  • Faster payment times for over 5,000 small businesses

    Thousands of Australian small business suppliers will soon see the benefits of faster payment times after Rio Tinto announced a change to its payment terms.

    The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell said it’s a fantastic result for over 5,500 small businesses that trade with Rio Tinto.

    “By changing its payment terms for Australian suppliers under $1 million of expenditure to 30 days, Rio Tinto is taking a positive step forwards and understanding the needs of their small business suppliers,” Ms Carnell said.

  • ACCC proposes to not declare wholesale domestic mobile roaming

    The Australian Competition and Consumer Commission has released its draft decision proposing to not declare a wholesale domestic mobile roaming service.

    “The ACCC has insufficient evidence that declaration will improve the current state of competition overall,” ACCC Chairman Rod Sims said.

  • ACCC puts businesses on notice about 'made in' country of origin claims

    The Australian Competition and Consumer Commission is urging businesses to review their country of origin labels now to ensure they comply with the Australian Consumer Law.

     “In particular, businesses should review any claims on their product labelling or advertising which suggests that the product was ‘Made in’ a particular country,” ACCC Deputy Chair Dr Michael Schaper said.

  • South Australian Company Awarded $550 000 Project For State’s First Trial Native Oyster Reef

    Port Adelaide based Maritime Constructions has been awarded $550 000 to build South Australia’s first trial shellfish reef.

    Construction of the trial four-hectare shellfish reef will begin in May using a mixture of materials including locally sourced limestone from the Yorke Peninsula and custom made concrete reef structures.

    The native shellfish reef will attract marine life and, over time, is expected to improve fish stocks, enhance recreational fishing opportunities, increase water quality and assist with coastal erosion.

  • Veterans employed in NSW public sector eclipse target

    The NSW Government’s Veterans Employment Program has exceeded its target to employ 200 former Australian Defence Force (ADF) personnel by 2019.

    Just one year after the launch of the Veterans Employment Program, 310 former ADF service men and women have found employment in the NSW public sector.

    About 70 per cent of the new employees have joined the justice and transport sectors, while others have been employed in the areas of health, education and finance.

    Minister for Veterans Affairs David Elliott said the success of the program showed that military skills are highly transferable.

  • ACCC releases quarterly report on the NBN wholesale market

    The Australian Competition and Consumer Commission has released its fifth quarterly National Broadband Network Wholesale Market Indicators Report for the period ending 31 March 2017.

    Key points from the March report:

  • ATO approach to dealing with super guarantee non-compliance

    The ATO recognises the importance of the Superannuation Guarantee (SG) to the community and its vital role in providing for people’s retirement. Deputy Commissioner James O’Halloran said that while the vast majority of the $85.7 billion paid in superannuation each year is paid voluntarily by employers, there are reports of non-compliance from employees.

    “In 2015-16 we undertook around 21,000 cases that addressed SG non-compliance, raising $670 million in SG, including penalties, from a range of reviews and audits” Mr O’Halloran said.