Sunday, 25 February 2018 Sydney
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Invest In Australia News::

  • Report on commission-based fundraising in the charity sector

    Today the ACCC released an independent research report on commission-based fundraising in the charity sector, Research into the Commission-based Charity Fundraising Industry in Australia, as part of its 2017 compliance and enforcement focus on consumer issues arising from commission-based sales.

  • IPA National Congress

    Address by Commissioner of Taxation, Chris Jordan AO

    Speech to the IPA National Congress

    RACV Royal Pines, Gold Coast, 23 November 2017

    Check against delivery

  • Small business investment barriers identified

    The Australian Small Business and Family Enterprise Ombudsman today released a study into factors impacting small to medium enterprise investment.

    Speaking at the Institute of Public Accountants national conference on the Gold Coast, Ombudsman Kate Carnell said barriers to investment included access to capital, red tape and energy prices.

    Ms Carnell said removing barriers to investment would give small businesses confidence to grow and boost jobs.

  • Household water use increases 3%

    A total 16,132 gigalitres of water was consumed over the 2015-16 year, the Australian Bureau of Statistics announced today in its annual snapshot of water supply and use for the Australian economy. 

    “Household use of water increased slightly with consumption up 3 per cent to 1,899 gigalitres in 2015-16,” Lauren Binns, the Director of Agriculture and Environment Statistics at the ABS, said.

    While total water consumption by households increased 3 per cent in 2015-16, an increasing number of households meant that each individual household only increased their water use by around 1 per cent.

  • North West Indigenous Pastoral Project Celebrates Ongoing Success

    An Indigenous pastoral project in the state’s Far North has helped train and employ 67 indigenous pastoral workers and aided the return of more than 272,000 hectares back to commercial primary production.

    The achievements and importance of the North West Indigenous Pastoral Project (NWIPP) will be acknowledged at the Indigenous Cattlemen’s Workshop in Port Augusta today, with Minister for Regional Development Geoff Brock attending.

    It’s the first time South Australia has hosted the annual workshop, which is running 21-23 November.

  • Pipi Fishery Opens To Recreational Fishers

    Recreational fishers can once again enjoy collecting Pipi (Goolwa Cockles).

    The popular species can be found along the entire length of Goolwa Beach, from the Murray Mouth to Middleton Point.

    Fishers are reminded that there are size and bag limits in place. Pipi must measure 3.5 cm across the widest part of the shell, with a maximum daily limit of 300 per person east of the line of longitude 136°E and a possession limit of 1200.

    The Pipi Fishery is open from 1 November 2017 until 31 May 2018.

  • ACCC allows agribusinesses to jointly purchase energy

    The ACCC is allowing businesses in the new Eastern Energy Buyers Group (EEBG) to establish a joint energy purchasing group and run joint tender processes for electricity and gas for 11 years. 

    EEBG’s current members are industrial energy users who operate in the agriculture industry. Members have significant operations in Victoria and some operations interstate. The proposed joint tender process would cover supply of electricity, gas and gas transport services to members of the group.

  • Finder.com.au penalised for misleading consumers

    Hive Empire Pty Limited, trading as finder.com.au (Finder), has paid a penalty of $10,800 following the issue of an infringement notice by the ACCC for alleged false or misleading claims about the number of health insurance policies it compares.

    The ACCC alleges that between February and May 2017, Finder represented on its website that its health insurance comparison service allowed consumers to “compare roughly 65,000 policies”, when the number of policies compared was substantially less than this.

    The ACCC issued the infringement notice because it had reasonable grounds to believe that Finder had breached the Australian Consumer Law.

  • Reliable information is essential to red meat industry productivity: ACCC

    The future growth and profitability of the red meat sector in Australia relies on the investment confidence of its participants, but this confidence will be threatened if market information is restricted, or livestock producers are unable to obtain objective performance data, ACCC Commissioner Mick Keogh told the MLA Red Meat Industry Forum in Alice Springs today.

    Mr Keogh noted that recent events in the cattle industry that meant that even basic market information such as weekly slaughter numbers were unavailable for a period, raised concerns about the transparency and future competitiveness of the cattle industry.

  • Faster payments a 'game changer' for small business

    The Australian Small Business and Family Enterprise Ombudsman has welcomed the Federal Government’s move to introduce 15-business-day payment terms for small business suppliers.

     

    The Government today announced the plan in its response to the Ombudsman’s April 2017 Inquiry into Payment Terms and Practices.

    The report found that late payments have been a perennial problem for businesses in Australia.

  • Global US tech company Clique sets up APAC HQ in Melbourne

    One of the world’s largest voice API technology companies will set up its headquarters in Melbourne with plans to invest over A$10 million in the Australian market over the next five years.

    Based at the York Butter Factory startup hub in Melbourne, Clique, will have a branch in Sydney, supporting its expansion into the Asia Pacific region.

    Melbourne is fast becoming a viable choice for international tech giants. Slack, Square, Hired, Zendesk, GoPro, and Cognizant have already set up shop here.

  • Australia and Alibaba’s eCommerce globalisation strategy

    As the world’s largest eCommerce market, China represents a huge opportunity for Australian businesses to successfully navigate the most advanced digital economy in the world.

    To promote its vitamin business Blackmores took out a giant advertisement in New York’s Times Square.

    Although the company did not sell its products in the USA, Blackmores tactic was to generate traffic on Chinese social media.

  • Global design firm Coop Himmelblau sets up in Melbourne

    One of the world’s most innovative design architects, Coop Himmelb(l)au, has established an office in Melbourne.

  • Red Balloon pays penalty for excessive payment surcharges

    Red Balloon Pty Ltd (Red Balloon) has paid penalties totalling $43,200 following the issue of four infringement notices by the ACCC for alleged breaches of the new excessive payment surcharges laws in the Competition and Consumer Act 2010.

    Red Balloon is an online trader that sells ‘experiences’ in Australia, such as skydiving jumps, wine tours, and cooking classes.

    The ACCC alleged that on 31 March and 30 June 2017, Red Balloon charged four consumers excessive payment surcharges in respect of payments they made by MasterCard credit, Visa credit, Visa debit and MasterCard debit respectively.

  • Australian Competition Tribunal decision on Tabcorp-Tatts merger

    The Australian Competition Tribunal has made its determination granting merger authorisation for Tabcorp to acquire Tatts.  

    The Full Federal Court had previously set aside an earlier determination from the Tribunal and remitted the matter back to the Tribunal for reconsideration.

    “When the ACCC sought review of the Tribunal’s earlier determination, our purpose was to clarify the law. We achieved that objective, with the Full Court making it clear that the Tribunal was required to take in to account all competitive detriment that is likely to result from the proposed merger,” ACCC Chairman Rod Sims said.

  • Trend unemployment rate remains at 5.5 per cent

    The monthly trend unemployment rate remained at 5.5 per cent in October 2017, according to figures released by the Australian Bureau of Statistics (ABS) today. This reflects the continued strength in employment growth in the Australian labour market.

    Monthly trend full-time employment increased for the 13th straight month in October 2017. Full-time employment grew by a further 16,000 persons in October, while part-time employment increased by 4,000 persons.

    "Full-time employment has now increased by around 289,000 persons since October 2016, and makes up the majority of the 347,000 person net increase in employment over the period," Chief Economist for the ABS, Bruce Hockman, said.

  • Red Balloon pays penalty for excessive payment surcharges

    Red Balloon Pty Ltd (Red Balloon) has paid penalties totalling $43,200 following the issue of four infringement notices by the ACCC for alleged breaches of the new excessive payment surcharges laws in the Competition and Consumer Act 2010.

    Red Balloon is an online trader that sells ‘experiences’ in Australia, such as skydiving jumps, wine tours, and cooking classes.

    The ACCC alleged that on 31 March and 30 June 2017, Red Balloon charged four consumers excessive payment surcharges in respect of payments they made by MasterCard credit, Visa credit, Visa debit and MasterCard debit respectively.

  • Australian Competition Tribunal decision on Tabcorp-Tatts merger

    The Australian Competition Tribunal has made its determination granting merger authorisation for Tabcorp to acquire Tatts.  

    The Full Federal Court had previously set aside an earlier determination from the Tribunal and remitted the matter back to the Tribunal for reconsideration.

    “When the ACCC sought review of the Tribunal’s earlier determination, our purpose was to clarify the law. We achieved that objective, with the Full Court making it clear that the Tribunal was required to take in to account all competitive detriment that is likely to result from the proposed merger,” ACCC Chairman Rod Sims said.

  • Tackle your tax bill today

    The Australian Taxation Office (ATO) is today reminding taxpayers who have been issued with a tax bill after lodging their 2016–17 return that in most cases these are due by 21 November.

    Assistant Commissioner Kath Anderson says anyone finding it hard to pay their bill by the due date should contact the ATO as soon as possible.

    “There are a range of things we can do to help you meet your obligations. The most important thing is that you get in touch with us so we can talk you through the available options,” Ms Anderson says.

  • ACCC won't oppose proposed acquisition of OfficeMax by Complete Office Supplies

    The ACCC will not oppose the proposed acquisition of OfficeMax Australia (OfficeMax) by Complete Office Supplies (COS).

    COS and OfficeMax both supply office products to commercial and government customers in Australia.

    The ACCC focussed on the supply of traditional office products, particularly stationery, to large commercial and government customers.

    “The ACCC found that a combined COS-OfficeMax would continue to face competition from Winc (formerly Staples), and to a lesser extent from Lyreco. Post-acquisition, Winc will remain the market leader by some margin,” ACCC Chairman Rod Sims said.

  • AIIA appoints board for 2017-18 year

    The Australian Information Industry Association (AIIA), the nation’s peak industry body for the technology sector, today announced its national board for the 2017-18 year, following yesterday’s Annual General Meeting held in Sydney.

    The AIIA board is composed of 16 directors, including 10 elected directors, five directors appointed by the Board, and the immediate past Chair. Directors are appointed for up to three years from the date of their election.

    Fiona Anson, co-founder and director JobGetter, and Steve Worrall, managing director Microsoft Australia were newly elected to the board.

  • ATO warns SMSF trustees to be wary of risky retirement planning arrangements

    The Australian Taxation Office (ATO) is warning self-managed superannuation fund (SMSF) trustees and retirees about the risks of some emerging retirement planning arrangements that they may consider, or be approached about.

    ATO Deputy Commissioner James O’Halloran said the ATO knows most people do the right thing and work hard to save for their retirement.

    “If a taxpayer becomes involved in any illegal arrangement, even by accident, they may incur severe penalties, jeopardise their retirement savings and risk losing their rights as a trustee to manage their own fund.”

  • West Coast to become Tasmania’s next iconic drive destination

    Tasmania’s spectacular West Coast is set to become Tasmania’s next iconic drive.

    Developing and branding a unique drive experience to the West will be the first priority of a new Tasmanian Journeys Project which is designed to encourage more visitors to explore and stay in our regions.

    Given the success of the Great Eastern Drive, we believe an iconic drive to the West Coast could inspire more visitors to head West and experience this diverse, historic and breathtaking part of Tasmania.

  • iNsTagrammers exhibition comes to Alice Springs this Summer

    Northern Territory Library’s iNsTagrammers: the best in NT photography from Instagram exhibition is coming to Alice Springs this summer.

    Developed by curator Caddie Brain, the Alice Springs exhibition features 20 new images from Central Australia’s iNsTagrammers, the best snaps of local life from local cattle producers, remote midwives, teachers, ice-cream makers and artists, mums and mayors.

    “The exhibition celebrates the very best in contemporary photography shared on social media by Territorians,” Ms Brain said.