Saturday, 25 February 2017 Sydney
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Invest In Australia News::

  • Spencers to undertake regular testing of Oregano

    The Australian Competition and Consumer Commission has accepted a court enforceable undertaking from Anchor Foods Pty Ltd trading as Spencers Gourmet Trading (Spencers), following an investigation into alleged misrepresentations made as to the composition of Spencers’ ‘oregano’ product.

    During 2015, Spencers made representations on the front and back of the packaging of its oregano product that the product contained only oregano. These statements included the text ‘Oregano’ on the front of the package.

  • ACCC seeks submissions on fly-in fly-out airline alliance

    The Australian Competition and Consumer Commission is proposing to deny authorisation to a Charter Alliance Agreement between Virgin Australia Airlines, Virgin Australia Regional Airlines (VARA), and Alliance Aviation Services.

    The proposed Charter Alliance would reduce the number of major Fly-in fly-out (FIFO) service providers in Western Australia from four to three, including Qantas, Cobram Aviation Services and the VARA/Alliance Airlines. More importantly, this would mean just two suppliers, Qantas and VARA/Alliance Airlines, would be competing for the majority of FIFO services.

  • ACCC won’t appeal Woolworths unconscionable conduct decision

    The Australian Competition and Consumer Commission will not appeal the judgment of Justice Yates, which dismissed the ACCC’s claim that Woolworths Ltd (Woolworths) had engaged in unconscionable conduct in its dealing with its suppliers through its “Mind the Gap” scheme.

    “The ACCC has considered this judgment carefully and decided not to appeal,” ACCC Chairman Rod Sims said.

  • Full Federal Court orders $6 million penalty for Nurofen Specific Pain products

    The Full Federal Court has upheld an appeal by the Australian Competition and Consumer Commission against the penalty imposed on Reckitt Benckiser (Australia) Pty Ltd for contravening the Australian Consumer Law (ACL).

    The Full Court ordered Reckitt Benckiser to pay a revised penalty of $6 million (up from $1.7 million) for making misleading representations about its Nurofen Specific Pain products.

    “This is the highest corporate penalty awarded for misleading conduct under the Australian Consumer Law,” ACCC Chairman Rod Sims said.

  • Petrol prices in larger cities should fall before Christmas

    Australian Competition and Consumer Commission analysis of recent petrol price cycles has identified that prices have already peaked in many capital cities, which means that they should be falling at a time when petrol demand is highest.

    “Sales of petrol across Australia are at their highest in the latter half of December, so the fact that prices should be decreasing, albeit from high levels, during a period of high demand will be some comfort to motorists,” ACCC Chairman Rod Sims said.

  • Unlocking the tourism and economic potential of our parks

    The Hodgman Liberal Government is committed to boosting local, national and international tourism to our state to grow the economy and create jobs.

    Following finalisation of the Tasmanian Wilderness World Heritage Management Plan, the Government is once again calling for expressions of interest (EOI) from private investors and tourism operators to develop tourism opportunities in Tasmania’s national parks, reserves and on crown lands.

  • Callout for energy storage ideas in Advanced Energy Challenge

    The government’s Advanced Energy Challenge is looking for bold and smart ideas that will help NSW transition to an affordable, reliable, secure and sustainable energy future.

    The first round of the challenge calls for proposals on energy storage. Storage technology can help intermittent wind and solar generators deliver energy constantly.

    Minister for Industry, Resources and Energy Anthony Roberts, said that the initiative would stimulate new energy-related ideas and turn them into effective technologies and business models.

  • ACCC won’t appeal Woolworths unconscionable conduct decision

    The Australian Competition and Consumer Commission will not appeal the judgment of Justice Yates, which dismissed the ACCC’s claim that Woolworths Ltd (Woolworths) had engaged in unconscionable conduct in its dealing with its suppliers through its “Mind the Gap” scheme.

    “The ACCC has considered this judgment carefully and decided not to appeal,” ACCC Chairman Rod Sims said.

  • Full Federal Court orders $6 million penalty for Nurofen Specific Pain products

    The Full Federal Court has upheld an appeal by the Australian Competition and Consumer Commission against the penalty imposed on Reckitt Benckiser (Australia) Pty Ltd for contravening the Australian Consumer Law (ACL).

    The Full Court ordered Reckitt Benckiser to pay a revised penalty of $6 million (up from $1.7 million) for making misleading representations about its Nurofen Specific Pain products.

    “This is the highest corporate penalty awarded for misleading conduct under the Australian Consumer Law,” ACCC Chairman Rod Sims said.

  • Crisis accommodation over the holiday period

    Tackling family and domestic violence remains a key priority focus of the ACT Government and this week, as we have for the last 11 years running, we will begin providing additional services for the holiday period.

    The Domestic Violence Christmas Program was developed as a direct response to an increased need for emergency accommodation for families experiencing domestic violence during the holiday season.

    The program will target people in immediate need and fear for their safety, or the safety of their family members because of domestic or family violence.

  • ACCC takes action against ABG Pages

    The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court against ABG Pages Pty Ltd (ABG Pages) and an individual, alleging misleading or deceptive conduct, false or misleading representations, undue harassment and systemic unconscionable conduct in its dealings with small businesses, who were actual or potential customers of its online business directory service.

    Since 2009, ABG Pages has offered an online business directory service to a range of customers, including small businesses, which the ACCC alleges has little, if any, value.

  • ACCC proposes to approve cane growers collective bargaining

    The Australian Competition and Consumer Commission has issued a draft determination proposing to grant authorisation to Queensland Cane Growers Organisation Ltd and its local organisations (Canegrowers) for growers to collectively bargain cane supply and related contracts with millers and sugar marketers.

  • Wheat ports operating fairly but current harvest may test access regime in 2017

    A new monitoring report of bulk wheat ports examining the 2015-16 shipping year has found that port terminal owners were not generally obstructing access or receiving a disproportionate share of port terminal capacity, following the lessening of regulation at some ports last year.

    “Our report found bulk wheat port terminal service providers have generally not increased their market shares to the detriment of access seekers, following the exemption applications granted by the ACCC last year,” ACCC Chairman Rod Sims said.  

  • Full-time employment remains steady

    Monthly trend full-time employment was largely unchanged in Australia in November 2016, according to figures released by the Australian Bureau of Statistics (ABS) today. 

    Total trend employment increased by 3,100 persons to 11,949,300 persons in November 2016, reflecting an increase in part-time employment of 3,200 persons and a small decrease of 100 persons working full-time. 

  • New tourism investment takes South Australia through the roof

    Assistant Minister for Trade Tourism and Investment Keith Pitt today visited Adelaide Oval RoofClimb, one of the city’s newest and most spectacular tourist attractions.

    The experience allows visitors to explore the impressive, curved roof of one of Adelaide’s most iconic locations, providing 360-degree views of the playing surface and city beyond.

  • Tobruk due to arrive at the Port of Bundaberg

    The Royal Australian Navy's ex-HMAS Tobruk is expected to arrive at the Port of Bundaberg between 2pm and 3pm on Wednesday 14 December 2016, subject to weather.

    Federal Member for Hinkler Keith Pitt said he looked forward to seeing the ship become a popular tourist attraction in Queensland.

    "After Tobruk's distinguished 34-year naval career, this ship is one of the few that will continue to serve the nation by providing local jobs in the tourism sector," Mr Pitt said.

  • Supporting growth and sustainable tourism is second nature

    Assistant Minister for Trade, Tourism and Investment Keith Pitt will visit the Belair National Park near Adelaide today as the Government examines new ways to promote Australia's natural beauty.

    South Australia's oldest national park boasts an array of attractions, including pristine woodland, heritage buildings, sporting facilities and walking trails.

    Mr Pitt said Australia's unique natural environment was a key drawcard for international visitors and demand for related tourism infrastructure was growing. 

  • Federal Court imposes multi-million dollar penalties on ANZ and Macquarie Bank for attempted cartel conduct

    The Federal Court has imposed multi-million dollar penalties on Australia and New Zealand Banking Group Limited (ANZ) and Macquarie Bank Ltd (Macquarie) for attempted cartel conduct after action by the Australian Competition and Consumer Commission.

    Following the filing of joint statements of facts and submissions by the parties, Justice Wigney imposed penalties of:

  • High Court allows ACCC appeal in Flight Centre attempted price-fixing case

    The Australian Competition and Consumer Commission has today won a High Court appeal in relation to Flight Centre’s attempt to induce three international airlines to enter into price-fixing arrangements between 2005 and 2009 in relation to air fares offered online by the airlines that were cheaper than those offered by Flight Centre. 

    The High Court has found the relevant market is for the sale of international airline tickets, and importantly also found that Flight Centre and the airlines competed in that market. This was found to be the case notwithstanding that Flight Centre was an agent for each of the airlines.

  • American multinational tech company Splunk sets up in Melbourne

    Splunk Inc is the latest in a string of global tech companies to set up operations in Melbourne, creating dozens of new high-skill jobs.

    The San Francisco based software company is the market leader in analysing machine data to deliver operational intelligence for security, IT and business organisations.

    More than 12,000 customers in more than 110 countries use Splunk solutions.

  • Indian hi-tech firm Ramco moves to Melbourne

    India-based enterprise software provider Ramco Systems is planning to make Melbourne its Oceania headquarters.

    Ramco supplies cloud software for functions including human capital management, payroll, ERP, and maintenance, repair and operations.

    It has been operating in Australia since 2012 with a focus on payroll and logistics, and this country now accounts for 11 per cent of its overall revenue.

  • Landmark NSW/ACT agreement to support border communities

    Deputy Premier and Member for Monaro, John Barilaro, today hailed the NSW/ACT Memorandum of Understanding (MoU) for Regional Collaboration 2016-19 as a landmark agreement between the jurisdictions that will provide more efficient and effective service delivery to southern NSW.

    “This is fantastic news for the hundreds of people living, working and studying on both sides of the border who want seamless access to Government services,” Mr Barilaro said.

  • US cyber security mission to showcase Australian credentials

    Australia’s world-class cyber security capabilities and researchers will be showcased to global players attending the RSA Conference in San Francisco from 13–17 February 2017.

    Alastair MacGibbon, Special Adviser to the Prime Minister on Cyber Security, and Craig Davies, the recently appointed CEO of the Australian Cyber Security Growth Network, will jointly lead Austrade’s delegation to the United States.

  • Annual property price growth lowest in over three years

    Residential property prices rose 3.5 per cent through the year, the weakest growth since March quarter 2013 and a decline from the peak of 10.7 per cent a year ago, according to figures released today by the Australian Bureau of Statistics (ABS).

    In the September quarter, residential property prices continued to fall in Perth and Darwin, while prices rose in all other capital cities.

    Sydney recorded the largest quarterly residential property price growth of all capital cities, with house prices rising 2.9 per cent and attached dwellings 2.1 per cent.

    Melbourne recorded the strongest through the year growth of 6.9 per cent, followed by Hobart at 6.8 per cent.