Saturday, 15 August 2020 Sydney

Invest In Australia News::

  • Trend participation rate all-time high of 65.9 per cent

    Australia's trend participation rate increased to 65.9 per cent in May 2019, a new high, according to the latest information released by the Australian Bureau of Statistics (ABS).

    ABS Chief Economist Bruce Hockman said: "Australia's participation in the labour force continues to rise with the participation rate up 0.4 percentage points over the past year to an all-time high of 65.9 per cent."

    "The participation rate for people aged 15-64 also climbed to a record rate of 78.4 per cent, with a record 74.3 per cent of people in this age group employed," Mr Hockman said.

    The trend unemployment rate remained steady at 5.1 per cent, for the third consecutive month.

  • Meredith Dairy proposal to set minimum prices rejected

    The ACCC has issued a final notice revoking a resale price maintenance (RPM) notification lodged by Meredith Dairy, which would have prevented retailers selling its goat cheese products below a price set by Meredith Dairy.

    Meredith Dairy had raised concerns that smaller retailers promoting its products at low prices to compete with major supermarket chains had led to demands from other retailers for lower wholesale prices.

  • Community feedback called as Murrumbidgee Water Resource Plan released

    Murrumbidgee communities are being asked to provide their feedback to the draft Murrumbidgee Surface Water Resource Plan currently on public exhibition.

    Department of Industry – Water, Executive Director, Rachel Connell, said the draft water resource plan represents two years of work to develop guidelines on how water will be managed as part of the Murray-Darling Basin Plan.

  • Liberty’s acquisition of Steelforce not opposed

    The ACCC will not oppose the proposed acquisition of Steelforce Holdings Pty Ltd (Steelforce) by GFG Alliance Australia (Liberty).

    Liberty and Steelforce both manufacture and distribute long steel products, which are used for construction and industrial purposes.

    The ACCC’s review focused on the wholesale supply and distribution of three types of long steel products: hollows, structurals and merchant bars.

  • Concerns about Landmark’s proposed acquisition of Ruralco

    The ACCC has released a statement of issues raising preliminary competition concerns about Nutrien’s proposed acquisition of Ruralco (ASX: RHL).

    Nutrien operates in Australia through its wholly owned subsidiary, Landmark. Landmark and Ruralco supply rural merchandise such as fertiliser, fencing and animal health products and other services through their branded retail store networks.

    Both companies also have wholesale businesses supplying rural merchandise to independent stores.

  • Government action on homelessness

    The only way to address the housing shortage and reduce homelessness is to provide more homes for those who need them.

    We are working hard to deliver on our Plan, but we recognise there is still more to be done.

    To accelerate the building of more houses to address this challenge, we have heavily front-ended our $125 million housing commitment in Stage Two of the Government’s Affordable Housing Strategy.

  • Melbourne selected as first international city for Uber Air

    Melbourne has been announced as the first international launch city for Uber Air at the Uber Elevate Summit 2019 in Washington, DC.

    Melbourne will become the first city outside the United States to trial Uber’s aerial ridesharing service.

    Uber Air is an aerial ridesharing service being developed by Uber, which will use small, environmentally friendly electric vertical take-off and landing (VTOL) aircraft for commuter travel in cities across the world.

  • Ombudsman welcomes Bill to better protect subcontractors

    The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed changes to the Small Business Development Corporation Act 1983 tabled by Small Business Minister Paul Papalia in the Western Australian Parliament today.

    The amendments will boost the powers of WA’s Small Business Commissioner David Eaton to receive and investigate complaints of mistreatment of subcontractors and small businesses on construction projects.

  • Labor stunt fails

    Labor’s constant time wasting stunts in Parliament do nothing to help Tasmanians.

    This week in Parliament, the Government is focussed on delivering the Budget, which will deliver more services for Tasmanians, and First Homeowner Grant legislation, which will support more people to get a home.

    Labor are again focussed on political games.

  • Labor clearly not paying attention

    Labor is either being ignorant or wilfully misleading around what they have been told previously both in Parliament and at Estimates.

    Just last year in Budget Estimates, I explained in response to a question from Sarah Lovell that not all beds on the new wards being constructed for young Tasmanians would be dedicated for mental health.

    I said:

  • Slowing growth in filled jobs

    The total number of filled jobs in Australia grew slowly in the March quarter 2019, according to new figures released today by the Australian Bureau of Statistics (ABS). Filled jobs (that is, jobs with a person in them) increased by around 0.2 per cent in the quarter, and 2.8 per cent over the year, in seasonally adjusted terms. 

    “This slowing growth in jobs echoes the weaker growth in employment that we have been observing since September 2018,” said Bruce Hockman, Chief Economist at the ABS.

  • Lazy Labor's budget session shocker

    Labor’s lacklustre efforts to respond to the budget has proven once again that they are a lazy, fence-sitting, policy-free opposition.

    In the last month in Parliament, the Hodgman majority Liberal Government has handed down a budget in surplus across the forward estimates and which delivers record funding for infrastructure, health and education. In contrast, Labor has completely failed the test.

  • Put Your Best Glass Forward For The Best Of Wine Tourism Awards

    South Australian wineries and wine-related businesses are being urged to enter the South Australian Best of Wine Tourism Awards for the chance to be thrust into the international spotlight.

    The awards, which celebrate excellence and innovation in wine tourism, are part of Adelaide and South Australia’s membership of the Great Wine Capitals Global Network.

  • New lending to households rises 0.6 per cent

    The value of new lending commitments to households rose 0.6 per cent in April 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) figures on new lending to households and businesses.

    The rise in new lending to households in April follows a 3.3 per cent fall in March 2019. Despite increases in the value of some components of household lending in April, including a 4.3 per cent rise in lending for personal finance, total new lending to households remained lower than a year ago (down 15.6 per cent).

  • Investing in regional tourism

    Tourism fuels our state’s economy and contributes more than $3 billion to gross state product, while supporting around 38,000 jobs - 15.6% of total employment across the state.

    The Tasmanian Liberal Government continues to invest strongly to maintain the momentum in our thriving visitor economy and ensure every region reaps the benefits.

  • Tasmanian exports continue to rise

    Tasmanian exports have grown again, with an increase of 5.7 per cent compared to the previous year. 

    We have exported $3.74 billion worth of goods, supporting local business and jobs across the state.

    These positive export results follow yesterday’s economic data which showed Tasmania leads the nation in state final demand growth for the first time in 15 years.

    The Tasmanian Government is working to maintain the momentum and invest for further growth, including through our new Tasmanian Trade Strategy.

  • Labor’s Estimates fizzer

    Labor’s reputation as a lazy, directionless, policy-free, fence-sitting Opposition was on show again in an Estimates week fizzer where they failed to land a blow.

    Government Ministers detailed a strong budget delivering record infrastructure, health and education spending, with almost no serious scrutiny or questioning by an Opposition who hadn’t done their homework, don’t have an alternative budget and don’t seem to be across the issues or the budget itself.

    Labor Members repeatedly ran out of questions early in the day and started repeating questions or asking questions in the wrong output. 

  • Construction begins on new PolAir headquarters

    The new airport headquarters for the NSW Police Force (NSWPF) will deliver new infrastructure to reduce crime and strengthen community safety.

    From July 2020, the NSWPF Aviation Support Branch will be based at a new 2.5-hectare purpose-built facility at Bankstown Airport. Five PolAir helicopters and three fixed-wing aircraft will be housed at the facility. 

  • Feedback sought on collective bargaining plan for small businesses

    The ACCC is seeking views on its proposal to implement a class exemption that would allow small businesses to collectively negotiate with their suppliers and processors, and franchisees and fuel retailers to collectively negotiate with their franchisor or fuel wholesaler, without first having to seek ACCC approval.

    Currently, groups of competitors seeking to negotiate together must first obtain formal approval from the ACCC under its ‘authorisation’ or ‘notification’ processes.

  • Proposal for more transparency on music performing rights licensing


    The ACCC is calling for feedback on a proposal to reauthorise the Australasian Performing Right Association’s (APRA) musical works licensing arrangements for a further five years with additional conditions.

    APRA and its members, including composers, songwriters and publishers, hold performing rights for virtually all music played or performed in Australia, and earn royalties from those rights. In most cases, members assign these rights on an exclusive basis to APRA, which collects royalties by imposing licence fees on users of that music.

  • The Team to take Tasmania’s case to the AFL

    A high-powered team of business and football leaders has been appointed to build the case for Tasmanian AFL and AFLW sides.

    The Project Team will be Chaired by founding Virgin Australia CEO and tourism industry entrepreneur Brett Godfrey.

  • Bacon fries Budget

    Scott Bacon knows Labor’s reckless spending would immediately drive Tasmania into deficit and almost double net debt across the forward estimates – that’s why he has refused to deliver an alternative Budget.

    When costed, Labor’s State Budget thought bubbles, including a blanket 3 per cent per annum public sector wage rise and opposition to the government efficiency dividend, would blow a $790.5 million hole in the Budget bottom line, driving State net debt to more than $1.9 billion by 2022-23.

  • Ombudsman looks forward to working with new shadow ministry


    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has welcomed the new federal shadow ministry, and looks forward to working closely with Shadow Minister for Small and Family Business, Brendan O’Connor and Shadow Minister for Industrial Relations, Tony Burke.

    “Brendan O’Connor has a long political history and has previously served as the Minister for Small Business,” Ms Carnell said.

  • Two Draft Water Allocation Plans Released for Public Comment

    The Department of Environment and Natural Resources (DENR) has released two water allocation plans for public comment ‑ the draft Oolloo Dolostone Aquifer Water Allocation Plan 2019-2029 and draft Katherine Tindall Limestone Aquifer Water Allocation Plan 2019-2029.

    DENR Water Planning and Engagement Director, Tim Bond, said both draft Plan areas are within the Daly Roper Beetaloo Water Control District and, while the Plans relate to different groundwater resources, the aquifer boundaries and management of surface water overlap.