Sunday, 25 February 2018 Sydney

Invest In Australia News::

  • Sale paves way for inner-city childcare and sport

    The sale of a disused depot in Ultimo will help deliver a new childcare centre and multi-use indoor recreational centre for the local community under plans proposed by the City of Sydney.

    Subject to development consent, the purchaser of the 12,000sqm property at 14–26 Wattle Street would be required to build an 80-place childcare centre and a multi-use two-court indoor recreational centre on the site. The developer would transfer stratum ownership of the public facilities back to the City, allowing for important services to be delivered for the local community.

  • ADMA's Data Day brings together the best in data, technology and marketing

    The Victorian Government is proud to be supporting ADMA’s Data Daywhich brings together both local and global leaders across data, technology and marketing to share how they have used data to overcome challenges for maximum business impact.

    The Day, delivered by the Association for Data-Driven Marketing & Advertising (ADMA), includes renowned data leaders including:

  • Consumers urged to fight back against record retailers' margins

    Average petrol prices in Australia’s five largest cities increased significantly in the December 2017 quarter and hit their highest levels since 2015, according to the ACCC’s latest quarterly petrol report.

    The ACCC found that average petrol prices in Sydney, Melbourne, Brisbane, Adelaide and Perth increased by 12.6 cents per litre in the quarter to 135.1 cents per litre.

  • Wages rise 0.6% seasonally adjusted

    The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in December quarter 2017 according to figures released today by the Australian Bureau of Statistics (ABS).

    The WPI rose 2.1 per cent through the year seasonally adjusted to December quarter 2017.

    ABS Chief Economist Bruce Hockman said "The annual rate of wage growth has increased for the second consecutive quarter reflecting falling unemployment and underemployment rates, and increasing job vacancy levels."

  • Upgrades to Albert Park Baseball Complex

    The Albert Park Baseball Complex in Lismore will be able to deliver major league games when upgrades to player and spectator facilities are complete.

    Already home to important domestic tournaments, an improved Albert Park Baseball Complex will attract more regional, national and international baseball events to NSW. With more high-profile baseball events, Lismore will see an increase in tourism and economic growth.

    The upgrades will include:

  • Melbourne research finds improved stroke treatment

    World-first research led by La Trobe University in Melbourne has found that injecting human amniotic cells discarded after birth into stroke patients can significantly reduce brain injury and aid recovery.

    Stroke is one of Australia’s biggest killers and a leading cause of disability. Stroke is treatable, however treatments are time critical and currently only a limited number of Australians have access. Some of the most recent advancements in ischemic stroke treatment – strokes caused by a clot – can only be delivered within the first few hours of a stroke.*

  • GO NSW Equity Fund makes first investment in agribusiness

    An investment from the GO NSW Equity Fund in a NSW Wagyu beef agribusiness will ultimately breed the largest full-blood Wagyu cattle herd outside of Japan.

    The NSW Government’s GO NSW Equity Fund will take a $3.3 million stake in Stone Axe Pastoral, a Wagyu beef agribusiness in Ebor.

    The investment will allow the business to expand in and around Ebor in regional NSW, establishing the area as a major player in Australia’s Wagyu export industry.

    Deputy Premier and Minister for Small Business and Regional NSW John Barilaro said Stone Axe Pastoral would create 76 full-time jobs over the next five years.

  • Wages rise 0.6% seasonally adjusted

    The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in December quarter 2017 according to figures released today by the Australian Bureau of Statistics (ABS).

    The WPI rose 2.1 per cent through the year seasonally adjusted to December quarter 2017.

    ABS Chief Economist Bruce Hockman said "The annual rate of wage growth has increased for the second consecutive quarter reflecting falling unemployment and underemployment rates, and increasing job vacancy levels."

  • ACCC focusses on energy, broadband, net economy and financial services in 2018

    Chairman Rod Sims has today announced the ACCC’s compliance and enforcement priorities for 2018 at a CEDA event in Sydney.

    This year, the regulator will focus on consumer issues in broadband services and energy, competition in the financial services and commercial construction sectors, systemic consumer guarantee issues, and conduct that may contravene the new misuse of market power and concerted practices provisions.

  • ACCC appeals Cussons decision

    The ACCC has appealed from the Federal Court’s decision late last year to dismiss the ACCC’s proceedings against PZ Cussons Australia Pty Ltd (Cussons).

    The ACCC took action against Cussons in 2013, alleging Cussons had engaged in cartel conduct by arriving at, and giving effect to, an understanding with two other laundry detergent manufacturers to cease supplying standard concentrate laundry detergents in early 2009, and supply only ultra concentrates from that time. 

  • Australians on notice to keep their receipts

    The ATO is warning taxpayers they will be paying close attention to claims for ‘other’ work-related expenses this year, and is reminding people to keep appropriate records.

    Assistant Commissioner Kath Anderson said that last year 6.7 million taxpayers claimed a record $7.9 billion in deductions for ‘other work-related expenses’. “It’s a significant amount of money and Australians expect us to ensure that people are not over-claiming”.

    This year the ATO is shining a spotlight on ‘other’ deductions. Legitimate ‘other work related expenses’ can include home office, union fees, mobile phone and internet, overtime meals and tools and equipment.

  • Growing the food industry in Melbourne

    A new food manufacturing industry group in the norther regions of Melbourne, Australia, will strengthen food and beverage manufacturing and investment in Victoria.

  • Sydney’s red hot start to Chinese New Year

    The Sydney Harbour Bridge decked out in auspicious red and a glowing eight-metre-high guard dog unleashed the start of the biggest celebrations of the Lunar New Year outside Asia.

    Sydney officially welcomed the Year of the Dog this evening, launching the City of Sydney’s 22nd Chinese New Year Festival in spectacular style.

    A traditional lion dance and eye dotting ceremony below the giant animated dog lantern at the Sydney Opera House kicked off activities around the harbour foreshore.

  • Apprentices kicking goals at Moorabbin Reserve

    Victorian apprentices are kicking goals and learning valuable skills on the $30 million re-development of St Kilda Football Club’s Moorabbin Reserve thanks to the Victorian Government’s Major Project Skills Guarantee.

    Funded by the Victorian Government, St Kilda, the AFL, Kingston City Council and local sporting leagues, the re-development will include a training facility, indoor netball and basketball courts, the club’s headquarters and a retail hub.

  • Connecting Melbourne with UK and France for innovation and growth

    Melbourne’s position and capability as a major centre for innovation and manufacturing will be enhanced through closer partnerships with France and UK - the focus of discussions with Australia's Victorian Government.

    Melbourne’s capabilities in digital technology, cyber security and defence are the focus of investment discussions between the Victorian Government and business and government organisations in the UK and France.

  • ABS reveals insights into Australia’s Chinese population on Chinese New Year

    Like the fireworks on Sydney Harbour every 31 December, Chinese New Year is one of the most colourful events on the global calendar. 

    The ABS’s most recent Estimated Resident Population figures show that there are 526,040 Australian residents born in China, up from 387,420 over the previous five years. 

    In 2016 – the Year of the Monkey – the Census of Population and Housing found that China remains one of the top countries of birth for Australian residents, trailing behind only Australia, England and New Zealand. Over the past 20 years, Chinese-born residents have overtaken other countries of birth, such as Italy, Vietnam and Greece, highlighting changes in Australia’s migration intake. 

  • Half a million Australians physically assaulted in 2016-17

    Nearly half a million Australians aged 15 years and over (454,900 or 2.4 per cent) have experienced one or more incidents of physical assault in the last 12 months, according to figures released today by the Australian Bureau of Statistics (ABS).

    Results from the 2016-17 Crime Victimisation survey found that men and women experienced physical assault at a similar rate: 2.4 per cent of men (228,700) and 2.3 per cent of women (226,900), with just over half reporting the most recent incident to police (52 per cent of men and 56 per cent of women). There was no change in the rate of victimisation or reporting to police since the survey was last run in 2015-16.

  • Transport Project Reaps $80 Million In Industry Benefits

    Primary producers and road transport operators have received estimated industry benefits of at least $80 million from the 90 day Improving Road Transport for the Agriculture Industry project.

    The benefit figure has more than doubled from the original estimate of $36 million in 2016 and is expected to further rise as route extensions and last mile access issues are addressed across the State.

    Following on from the success and momentum of the first project, a second survey was undertaken last year to identify any remaining issues.

  • Criminal cartel proceedings commenced against Country Care and its managers

    Following an investigation by the ACCC, criminal charges have been laid against The Country Care Group Pty Ltd (Country Care), its Managing Director, Robert Hogan, and a former employee, Cameron Harrison. 

    The charges relate to alleged cartel conduct involving assistive technology products used in rehabilitation and aged care, including beds and mattresses, wheelchairs and walking frames. 

    Country Care is based in Mildura, Victoria.

    The charges are listed for mention before the Magistrates’ Court of Victoria in Mildura on 14 March 2018.

  • Female labour force participation reaches all-time high

    Australia's female labour force participation rate reached an historic high of 60.5 per cent in January 2018, while the overall participation rate of 65.6 per cent in January was the highest since February 2011, according to latest figures released by the Australian Bureau of Statistics (ABS) today.

    Program Manager for the ABS Labour and Income Branch Bjorn Jarvis said the trend unemployment rate for January remained steady at 5.5 per cent, where it has hovered for the past seven months.

    "Australia's labour force participation rate continues to strengthen, reaching a new high for females in January and a seven-year high overall," Mr Jarvis said. 

    Employment and hours

  • Autumn Fruits Continues To Grow On Good Ideas

    From the heart of one of South Australia’s most iconic food bowls, Glossop fruit growers, Bill Efrosinis and Sandy Iosefellis, are redefining what it means to turn one good idea into another – and another.

    A decision in 2014 to embrace what they’ve dubbed ‘once-in-a-lifetime’ funding opportunities via the South Australian River Murray Sustainability Program (SARMS) has meant transformation has become the hallmark of their Riverland business.

    Their latest business case for Autumn Fruits takes the one good idea premise to another level entirely.

  • One-stop-shop for dispute resolution welcomed by Ombudsman

    The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) welcomes the passing of legislation to establish the Australian Financial Complaints Authority (AFCA) today.

    Ombudsman Kate Carnell said she is particularly pleased with the more flexible definition of a small business as fewer than 100 employees and a rise in the compensation cap for agricultural small business of up to $2 million.

    “And is good to see that a small business will be able to seek resolution of a dispute where the credit facility is up to $5 million and potentially receive compensation of up to $1 million,” Ms Carnell said.

  • ATO statement on corporate tax

    Australia has one of the strongest corporate tax systems in the world. We have one of the strongest compliance programs which, on any measure, is as good as anywhere in the world.

    The ATO wants the community to have trust and confidence that the ATO is taking action to ensure the largest companies are required to pay the right amount of tax on their Australian profits and most do so voluntarily. The ATO is better equipped than ever before to fulfil its commitment to further increasing the level of compliance by large companies.

  • Landmark Women@Work Conference to boost workplace equality

    Businesses are invited to register their interest in being part of a landmark conference about gender pay equity.

    The Women@Work Conference on Wednesday 21 March will provide a platform to act on the gender pay gap and the economic and workforce consequences of persistent gender inequity for Victorian workers and businesses, in the lead up to Equal Pay Day in September 2018.