Wednesday, 29 March 2017 Sydney
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Invest In Australia News::

  • ACCC Christmas and New Year arrangements

    The Australian Competition and Consumer Commission will have limited operations during the Christmas and New Year period.

    The ACCC Infocentre (1300 302 502) will be:

  • ACCC closes tertiary admissions centres investigation

    The Australian Competition and Consumer Commission has completed its inquiries into alleged anti-competitive conduct by tertiary admissions centres (TACs) and decided to discontinue its investigation.

    The ACCC commenced its investigation after the Australian National University (ANU) alleged that the Western Australian Tertiary Institutions Service Centre (TISC) and the South Australian Tertiary Admissions Centre (SATAC) had both, independently, refused to supply tertiary admission services to ANU.

  • Harrison Telecommunications companies engaged in unconscionable conduct

    The Federal Court found yesterday that corporations trading as SoleNet and Sure Telecom (the Harrison Companies) engaged in unconscionable conduct in connection with the supply of telecommunications services.

  • Melbourne startup MyGolgi turns phones into physios

    Creating interest in their new wearable device has been a relatively painless experience for Melbourne startup MyGolgi.

    Their ground-breaking technology improves posture for back pain sufferers, and the potential market is huge – 84 per cent of all Australians suffer from back pain at some point, and over 400 million workdays are lost in US, UK and Australia each year due to the condition.

  • ACCC closes tertiary admissions centres investigation

    The Australian Competition and Consumer Commission has completed its inquiries into alleged anti-competitive conduct by tertiary admissions centres (TACs) and decided to discontinue its investigation.

    The ACCC commenced its investigation after the Australian National University (ANU) alleged that the Western Australian Tertiary Institutions Service Centre (TISC) and the South Australian Tertiary Admissions Centre (SATAC) had both, independently, refused to supply tertiary admission services to ANU.

  • Harrison Telecommunications companies engaged in unconscionable conduct

    The Federal Court found yesterday that corporations trading as SoleNet and Sure Telecom (the Harrison Companies) engaged in unconscionable conduct in connection with the supply of telecommunications services.

  • MYEFO – steady as it goes for Tasmania

    The Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) presents a steady-as-it-goes approach to Tasmania, according to preliminary analysis.

    Pleasingly it confirms that the 2016 Federal election commitments are all funded including the UTAS redevelopment in the North and North West, the Regional Jobs and Investment Package, and the National Institute for Forest Products Innovation in Launceston.

  • 3400 New Jobs And $18.6 Billion Revenue For SA’s Booming Food And Wine Industry

    South Australia's food and wine revenue has hit a record $18.64 billion and 3400 new jobs have been created in the past year, data released today shows.

    South Australia's food and wine revenue has hit a record $18.64 billion and 3400 new jobs have been created in the past year, data released today shows.

    The State Government’s 2015-16 Food and Wine Scorecard shows gross revenue has increased by $443 million compared to the previous year – largely through demand for wine, livestock, horticulture and seafood.

  • NSW Government supports Newcastle airport's growth

    The NSW Government has provided $30,000 in funding for the development of a Newcastle Airport master plan which will drive airport upgrades and sustainability over the next 20 years.

    Parliamentary Secretary for the Hunter, Scot MacDonald MLC, today announced the funding and said the master plan will bolster tourism and economic benefits for the Newcastle region into the future.

    “Newcastle Airport is a significant economic driver for businesses in the Hunter and the nearby regions, generating jobs and economic growth,” Mr MacDonald said.

  • Top Australian economist to help drive state's development

    The NSW Government has established a new brains trust led by one of Australia’s top economists to deliver expert advice on new measures to create jobs, build infrastructure and grow the state’s economy.

    Dr Andrew Stoeckel - founding Chairman of the Centre of International Economics and a former head of the Australian Bureau of Agricultural Economics (ABARE) – would head up the new Centre for Economic Development at the NSW Department of Industry.

  • 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.