Sunday, 28 May 2017 Sydney
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Invest In Australia News::

  • Australia’s 2017 Benchmark Report now available

    The Minister for Trade, Tourism and Investment, Steven Ciobo MP, launched Australia’s 2017 Benchmark Report in New York City as part of the G’day USA program.

    Produced by the Australian Trade and Investment Commission (Austrade), the annual Benchmark Report presents key economic, financial and demographic data that highlights Australia’s strengths as a major player in global trade and investment.

  • US drone and aerial data company enters Australian market

    Australia’s agricultural, environmental and energy industries are set to benefit from the opening of a Sydney office of PrecisionHawk, a global provider of commercial drone and drone–data platforms.

    The company, which specialises in aerial imaging and analytics, has also entered into a retail partnership with ASX-listed Ruralco, one of Australia’s leading agribusinesses.

  • Japan’s Hitachi Zosen to acquire majority stake in Osmoflo Group

    Hitachi Zosen, a Japanese industrial and engineering corporation, is acquiring a majority shareholding (70 per cent) of Osmoflo, a leading Australian desalination and wastewater treatment company.

    Subject to the completion of procedures in early 2017, Osmoflo will become a subsidiary of Hitachi Zosen. The remaining 30 per cent of shares will continue to be held by Marubeni Water Australia Pty Ltd, a subsidiary of the Marubeni Group of Japan.

  • Micro firms make highest business complaints to ACCC

    The Australian Competition and Consumer Commission’s latest Small Business in Focus report reveals that micro and small businesses made 7,000 complaints and enquiries from July 1 to December 31 2016.

    “Over 60 per cent of business contacts were from micro enterprises of four or under employees, which isn’t surprising given that micro firms are the biggest group of businesses in Australia,” ACCC Acting Chair Dr Michael Schaper said.

  • Inflation continues to be subdued

    The Consumer Price Index (CPI) rose 0.5 per cent in the December quarter 2016, according to the latest Australian Bureau of Statistics (ABS) figures.

    This follows a rise of 0.7 per cent in the September quarter 2016.

    The most significant price rises this quarter are tobacco (+7.4 per cent), automotive fuel (+6.7 per cent) and restaurant meals (+1.1 per cent). These rises are partially offset by falls in furnishings, household equipment and services (-0.8 per cent) and communication (-0.8 per cent). 

  • ACCC hosting forums nationally to hear from dairy farmers

    The Australian Competition and Consumer Commission is inviting dairy farmers to share any concerns they may have about competition and fair trading at a series of public forums around the country.

    The forums are part of the ACCC’s public consultation for its Dairy Inquiry, which is examining competition between milk processors, contracts between processors and farmers, global supply markets, and the profitability of dairy farms.

    Dairy farmers and others working in the industry are invited to come and share their views on these issues directly with ACCC Commissioners.

  • Deadline for current backpacker employers fast approaching

    The ATO is encouraging anyone who currently employs a backpacker to register by the 31 January deadline via ato.gov.au, so they can apply the new 15 per cent tax rate.

    From 1 January 2017, the working holiday maker tax rate, also known as the backpacker tax, of 15 per cent applied from the first dollar earned to any workers with 417 and 462 visas. 

  • STATES MUST LEARN FROM PAST MISTAKES

    States currently considering making changes to the way owner-truck drivers are paid should not ignore the disastrous impact the Road Safety Remuneration Tribunal’s (RSRT) Payments Order had on small businesses, Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell said.

    The Federal Government today tabled its response to the ASBFEO’s inquiry into the impact of the Order, which not only found it to be discriminatory towards owner-drivers, but found it caused significant financial and emotional distress for mum-and-dad owner-drivers.

  • RocketSpace to open tech startup campuses in Australia

    San Francisco’s RocketSpace – the US startup accelerator that helped launch tech companies such as Uber and Spotify – is opening its first Australian campuses in 2017.

    In a joint media release, RocketSpace announced it will partner with Australia’s DEXUS property group to service high-growth tech startups in Brisbane, Melbourne and Sydney.

  • Major sporting events in Latin America offer opportunities for Australia

    The Buenos Aires 2018 Youth Olympic Games and the Lima 2019 Pan American Games are providing a range of opportunities for Australian businesses.

    The sporting events require architects, designers, construction companies, event planners and producers among other services.

    Marie Hill, Austrade’s Trade Commissioner for Peru, said Australia is internationally known for its depth of experience in all aspects of staging major sporting events.

  • Major sporting events in Latin America offer opportunities for Australia

    The Buenos Aires 2018 Youth Olympic Games and the Lima 2019 Pan American Games are providing a range of opportunities for Australian businesses.

    The sporting events require architects, designers, construction companies, event planners and producers among other services.

    Marie Hill, Austrade’s Trade Commissioner for Peru, said Australia is internationally known for its depth of experience in all aspects of staging major sporting events.

  • ATO seizes tobacco worth $1.5 million

    Illegal tobacco with a potential excise value of $1.5 million has been seized by the Australian Taxation Office (ATO) following a warrant executed as part of an ongoing investigation in Victoria.

    Last week, an inspection of the property at Pentland Hills, near Bacchus Marsh, North West of Melbourne identified approximately four acres of suspected illicit tobacco plants. Victoria Police also seized a loaded firearm and ammunition on the day.

    ATO Deputy Commissioner Michael Cranston said the ATO will continue to act decisively to deal with illegal tobacco growing in Australia.

  • City Supports World Trade Centre for Perth

    In a strategic move that will reinforce Perth’s status as a growing global city, the City of Perth has welcomed the announcement of a World Trade Centre.

    Lord Mayor Lisa Scaffidi said the City of Perth had worked extensively on plans for a World Trade Centre alongside the proponent and the State Government, including introducing the proposed site.

    “This is a crucial development in our City which will continue to emphasise and reinforce Perth’s reputation as an international business centre by opening up hundreds of trade opportunities worldwide,” Ms Scaffidi said.

  • Tasmania's arts reputation cemented

    Tasmania’s reputation as a creative industries leader is set to be cemented with the official commencement of construction on the new centre for Creative Industries and Performing Arts.

    To be officially known as “The Hedberg”*, the Centre will complement and enhance the existing Theatre Royal in Hobart, forming a vibrant arts precinct in the area.

    The new centre will also comprise a new University Conservatorium of Music, and will include performance venues, public spaces and international research institute.

  • Melbourne company Aubot unveils brain-controlled telepresence robot

    Melbourne-based company Aubot created the brain-controlled telepresence robot dubbed 'Teleport', which uses the MindWave mind control interface to track the focus of a user's brain.  Aubot was founded by Melbourne tech entrepreneur Marita Cheng, the 2012 Young Australian of the Year.

    By concentrating over a certain threshold, a user can control the robot's movement.  The 1.1 to 1.7 metre robot can also be made to move through blinking and via a touchscreen tablet or internet connected device.

  • Sydney scores top marks with international students

    Nine out of 10 international students recommend Sydney as a great place to live and study, according to new research.

    The City of Sydney’s international student wellbeing survey also revealed the vast majority of respondents felt safe in Sydney, and that Sydney’s culturally diverse community provide them with a valued support network.

    The City’s survey is the first in Australia to measure the wellbeing of international students. It comes as new data released by the Australian Bureau of Statistics shows the education of international students is Australia’s third biggest export income earner, generating $20 billion a year.

  • Strong support for salmon farming welcomed

    It was extremely heartening to attend today’s rally and see the strong support for Tasmania’s world class salmon industry.

    The salmon farming industry directly and indirectly support more than 5200 jobs in Tasmania and interstate with many of these jobs in regional areas like the West Coast, Huon and Channel region, Tasman Peninsula, Tamar Estuary, North-West Coast and Northern Midlands.

    These are real people and real families employed in a sustainable industry that optimises our clean and natural Tasmanian Brand and is our most valuable interstate food trade item estimated at more than $700 million.

  • Unemployment falls to 6.4%

    Tasmania’s unemployment rate has fallen to 6.4 per cent, with 225 new jobs created last month.

    ABS statistics released today show since the March 2014 election, over 3,300 new jobs have been created in Tasmania.

    Despite this good news, the Hodgman Government knows that not everyone is feeling the benefits of our growing economy, which is why we remain firmly focussed on supporting job creation as our number one priority.

    That is why we have implemented our $100 million Northern Economic Stimulus, which will stimulate the Northern economy and create employment in the North and North West of the State.

  • Steady as she goes (maybe): IMF updates its global outlook for trade and growth

    The IMF has released the January update to its world economic outlook (WEO). The projection for global growth is unchanged from the previous round of forecasts the Fund released last October, with world real GDP growth still expected to pick up from a soft 3.1 per cent last year to 3.4 per cent this year before rising again to 3.6 per cent in 2018[1].

  • Sensis Small Business Index shows Hodgman Government listening to small business

    The Sensis Small Business Index shows that the Hodgman Government is listening to the concerns of small business and working with the sector to grow the economy and create jobs.

    Small businesses across the country were asked to rate their state or territory government, with the Hodgman Government given the highest rating of any jurisdiction in Australia, a rating that was more than double that of the second best government, and four times higher than it was under the previous Labor-Green government.

  • Murray Valley encephalitis warning for Central Australia

    Residents in the Barkly and Alice Springs regions are being urged to take precautions to protect themselves against mosquitoes, with numbers expected to increase following extensive rainfall across the region.  

    Director of Medical Entomology, Nina Kurucz explained that the heavy rainfall across Central Australia has created favourable environmental conditions that might trigger an early start to the Murray Valley encephalitis (MVE) season.  

  • Holden to cease domestic manufacture of cars from October 20

    The State Government says its thoughts are with Holden workers and their families, as the company today announced the last car will roll off Holden’s Elizabeth plant production line on October 20.

    The government will continue its support for workers, suppliers and northern Adelaide, by continuing to provide millions of dollars in support to help workers move into new employment, transition supply chain companies and create new industries.

  • Stunning summer blooms brighten up Sydney

    Workers feeling gloomy about returning to the office will be cheered up by bright summer blooms at some of the city’s most popular public spaces.

    The summer edition of the City of Sydney’s Living Colour display is underway, with more than 100,000 blooms including zinnia, salvia, petunias, marigolds, celosia, echinacea and parsley popping up around the city until 5 March.

    “Our biannual Living Colour displays accentuate Sydney’s beauty while showcasing some of Australia’s finest native plants and flowers,” Lord Mayor Clover Moore said.

  • Labor doubles-down on school closure plan

    Labor has today doubled-down on their plan to unwind our successful 7-12 school extension program with Michelle O'Byrne's latest attack.

    The fact is, schools which have extended to year 12 have already produced positive results, with a 57 per cent increase in enrolments at participating schools since 2014, and an improvement in our apparent retention rates now up to 74 per cent, up from a low 67 per cent under the previous Government.

    This year, another 18 schools will extend, bringing the total of extension schools to 30.