Saturday, 22 July 2017 Sydney

Invest In Australia News::

  • Melbourne Fintech Airwallex raises A$17m from Mastercard, Sequoia China and Tencent

    In another endorsement of Victoria's fintech sector, local cross-border payment startup Airwallex has secured A$17 million in funding to continue its global expansion.

    International companies who have invested in Airwallex include MastercardSequoia Capital China, and Chinese web giant Tencent.

  • Victoria is planning a new rail link to Melbourne Airport

    There is significant market interest in building a light or heavy rail link between Melbourne Airport and Southern Cross Station, which are both privately operated.

    The plan will identify the best route for an airport rail link, how much it would cost and how best to fund and deliver it.  It will examine value capture and creation initiatives and potential private sector proposals.

  • ACCC takes action against Ramsay Health Care for alleged anti-competitive conduct

    The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court against Ramsay Health Care Australia Pty Limited (Ramsay) for alleged anti-competitive conduct involving misuse of market power and exclusive dealing in the Coffs Harbour region.

    Ramsay operates Baringa Private Hospital and the Coffs Harbour Day Surgery, the only private hospital and private day surgery facilities in the Coffs Harbour region. Coffs Harbour surgeons use operating theatres at Ramsay’s facilities to perform surgical procedures on private patients.

  • $9 million in illegal tobacco seized and destroyed in Northern Victoria

    An illegal tobacco crop with a potential excise value of $9 million has been seized and destroyed by the Australian Taxation Office (ATO) as part of an excise operation in rural Victoria last week.

    A tobacco crop spanning 12.5 acres and tobacco leaves weighing 5.4 tonnes were located on a property near Cobram at the Victorian/NSW border.

    The ATO, with the assistance of Victoria Police, seized three trucks, one tractor and a trailer during the operation.

  • CBA's response to ASBFEO Report is much better than ABA's feeble effort

    The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) is disappointed with the Australian Bankers Association’s (ABA) response to the inquiry into small business loans.

    ASBFEO Kate Carnell said the ABA’s decision not to accept the ASBFEO's definition of a small business loan as any loan under $5million is disappointing.

    The ABA released its response to the ASBFEO Inquiry into Small Business Loans on Friday.

    Ms Carnell said: “The ABA's very restrictive definition would mean that any business with more than 20 employees would not be deemed a small business under the banking code of practice.

  • Warning for promoters of tax schemes involving R&D in the wine industry

    The Australian Taxation Office (ATO) and the Department of Industry, Innovation and Science (DIIS) are working to pursue promoters who have been advising grape growers and wine producers to improperly apply for the R&D Tax Incentive.

    These promoters are incorrectly telling growers and producers that the money they pay towards the compulsory Wine Grapes Levy can be claimed under the R&D Tax Incentive in order to secure an R&D tax offset. The levy can usually be claimed by a wine producer as an ordinary business deduction against the wine producer’s assessable income but cannot be used when calculating a refundable or non-refundable R&D tax offset for the wine producer.

  • Commissioner statement on appointments of Commissioners

    I am delighted and honoured to be reappointed as the Commissioner of Taxation for the next seven years. I take my reappointment as a vote of confidence in the ATO’s direction and performance, and it strengthens my resolve to transform the ATO and the experience Australians have when dealing with the tax and superannuation systems.

    We will continue with our directions to administer the tax and super systems for the vast majority of taxpayers who willingly comply with Australian laws; and we will continue to strengthen the strong partnerships and connections we have developed domestically and internationally.

  • ASBFEO calls for Budget policies to drive investment and transparency in small business dealings with big business and banks

    The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has proposed key policies for the 2017-18 Federal Budget to kick-start small businesses growth, create more jobs and promote more transparent and fairer relationships with banks and big businesses.

    The ASBFEO Kate Carnell said the Australian Government should consider a range of policies to boost small business, which accounts for 33 per cent of Australia’s GDP and employs about 50 per cent per cent of the workforce.

  • Josh Brown is a future leader in agriculture

    The Hodgman Liberal Government is the strongest supporter of the primary industries and is committed to clear education pathways to help grow Tasmania’s agriculture sector.

    Congratulations to Josh Brown on being awarded the $12,000 Greenham Tasmania Agritas Scholarship for 2017.

    The Tasmanian Agri-Food Plan highlights career pathways, including skills and workforce development, as a key driver for achieving our vision to grow the value of agriculture to $10 billion by 2050.

  • New Technology To Protect Australia's Grain Industries

    A suite of new smart trapping technology is being developed by the South Australian Research and Development Institute (SARDI) to protect Australia’s grain industries from airborne pests and diseases.

    Field testing starts this month for the Mobile Jet Spore Sampler – a smart device fixed on top of a vehicle that sucks up air-borne fungal pathogen samples 45 times greater than standard fixed trap technology.

  • Telstra's compliance with Structural Separation Undertaking improving

    Telstra’s compliance with its Structural Separation Undertaking (SSU) has continued to improve reports the Australian Competition and Consumer Commission in a report tabled in Parliament today.

    The SSU implements structural separation through the migration of Telstra’s fixed line voice and broadband services to the national broadband network (NBN). It also requires Telstra to not use wholesale customer information or migration processes to favour its own retail business during the transition to the NBN.

  • New Technology To Protect Australia's Grain Industries

    A suite of new smart trapping technology is being developed by the South Australian Research and Development Institute (SARDI) to protect Australia’s grain industries from airborne pests and diseases.

    Field testing starts this month for the Mobile Jet Spore Sampler – a smart device fixed on top of a vehicle that sucks up air-borne fungal pathogen samples 45 times greater than standard fixed trap technology.

  • New truck wash facilities for regional NSW

    Tenterfield will receive funding for a new truck wash facility from the Fixing Country Truck Washes program. 

    Users of the Tenterfield Livestock Selling Centre Truck Wash will have their average driving distance reduced by about 100 kilometres to the next available truck wash at Glenn Innes.

    The truck wash will provide safety, productivity, and environmental benefits to the local community, including disease control and weed management.

    It will also provide livestock carriers with a quicker and easier way to wash-out and re-load their trucks.

  • Inflation rises 0.5 per cent in the March quarter 2017

    The Consumer Price Index (CPI) rose 0.5 per cent in the March quarter 2017, according to the latest Australian Bureau of Statistics (ABS) figures.

    This follows a rise of 0.5 per cent in the December quarter 2016.

    The most significant price rises this quarter are automotive fuel (+5.7 per cent), medical and hospital services (+1.6 per cent) and new dwelling purchase by owner-occupiers (+1.0 per cent). These rises are partially offset by falls in Furnishings, household equipment and services (-1.0 per cent) and Recreation and culture (-0.7 per cent). 

    The CPI rose 2.1 per cent through the year to March quarter 2017.

  • Lord Mayor Calls for National Population Strategy

    Lord Mayor Martin Haese is calling for a National Population Strategy to address the inequity of population growth in Australia.

    The Lord Mayor has welcomed ABS data released showing City of Adelaide Estimated Residential Growth (ERG) of 2.1 per cent over the past twelve months, outstripping the national ERG of 1.4 per cent.

    “While this number falls short of previous targets set by both Council and the State Government for the city, considering the enormous economic transition we are making to be a globally competitive 21st century economy, we are doing well; but can do better,” said Martin.

  • A Golden Era for Tasmanian Screen Production

    The Tasmanian Government congratulates The Kettering Incident on winning an extraordinary two TV Week Logie Awards:

    • Most Outstanding Miniseries or Telemovie, and
    • Henry Nixon for Most Outstanding Actor

    Tasmanians can be incredibly proud of our inspiring screen industry after The Kettering Incident won two Logies tonight.

  • New NDIS grants to support Canberrans with a disability

    The ACT Government welcomes yesterday’s announcement by the Federal Minister for Social Services’ on the successful organisations in the NDIS Information Linkage and Capacity Building (ILC) grant process.

    The $2.9 million investment brings a new mix of programs that will build the capacity of people with a disability in the ACT, link them with services and help break down barriers to accessing mainstream services.

    The ACT is the first jurisdiction to participate in the new ILC funding process, and has received a $1.6 million increase in funding for ILC-type services for 2017‑18, compared with the current transition year.

  • Entura to enjoy jobs growth spurt off the back of hydro opportunity

    The announcement earlier in the week that the Hodgman and Turnbull Governments are working together to deliver a second-wave of hydro development will generate enormous benefits to Tasmania.

    Importantly this will mean new job opportunities for Tasmania.

    At the forefront of this opportunity will be the Hydro-owned engineering firm Entura.

    Entura is at the cutting edge of developing innovative technology for power generation including the planning, design and construction of hydro power stations.

  • We’re moving closer to you

    The Darwin Territory Business Centre (TBC) will relocate from its current location in the CBD to Darwin Corporate Park in Berrimah on Monday 24 April.

    Executive Director for Business and Innovation, Craig O’Halloran said "The new offices are centrally located and closer to where the majority of clients live and work."

    "With approximately 80% of Darwin TBC customers being located in the greater Darwin area outside the CBD, the relocation to Darwin Corporate Park will provide greater convenience and access, particularly to small businesses and tradespeople who frequent the TBC for occupational licenses."

  • Bank Negara Indonesia chooses Melbourne for its Australian HQ

    Bank Negara Indonesia (BNI) has joined the growing list of international companies to pick Melbourne for their Australian headquarters.

    The Indonesian bank's Melbourne operations are set to commence in 2018 once approvals from Australian and Indonesian regulators have been obtained.

    BNI is Indonesia's fourth largest bank, with assets worth more than A$40 billion and an established international footprint.

  • Maltec a shining success in the North West

    The Hodgman Liberal Government is committed to job creation, and supporting the advanced manufacturing industry is an important part of our Plan.

    Maltec is a wonderful example of a North West business which has been able to bounce back after the closure of Caterpillar to the point they are currently doing double shifts to keep up with new orders and have employed four new staff.

  • New TV Writing Program Brings Best In The Business To Victoria

    Victoria’s reputation as the home of television drama is set to grow with the launch of an initiative that will give Victorian creatives unprecedented access to the expertise of a top international writer and producer to help them prepare their projects for the local and international TV market.

    Minister for Creative Industries Martin Foley today called on Victorian screenwriters and producers to apply for the opportunity to work with acclaimed UK producer and writer Simon Mirren, as part of the new Writer in Residence TV Drama Initiative.

  • Melbourne startup Freestyle Tech signs IoT water deal in Korea

    Melbourne company Freestyle Technology has signed a A$5.8 million contract to roll out an Internet of Things (IoT) water management solution for a South Korean county.

    The company's system of smart water meters, communications equipment and cloud-based software will be deployed to 24,000 residences in a five-year agreement with the city of Gochang, located in southwest Korea.

    The system will detect water leaks across the residences and calculate the best solution, once accounting for the environment and the temperature around the fault.

  • Canberra’s Little Eagle travels a long way

    A small GPS tracker attached by a harness to the back of a male Little Eagle over a year ago is revealing surprising information about one of the ACT’s rarest birds of prey, Minister for the Environment Mick Gentleman said today.

    “A joint research project being undertaken by the ACT Government, University of Canberra, CSIRO and Ginninderry Joint Venture, is providing a fascinating insight to the travel patterns of the little eagle. It is the first time this threatened species has been subject to satellite tracking,” Minister Gentleman said.