Thursday, 18 April 2019 Sydney

Invest In Australia Blog::

  • Australia named safest country in the world for women

    • Australia is the safest country in the world for women, according to data the consultancy New World Wealth released in its 2019 Global Wealth Migration Review.
    • Australia has earned the top spot for women’s safety for the second year in a row, followed by Malta, Iceland, New Zealand, and Canada.
    • Many of those countries are also popular destinations for individuals with a net worth of over $US1 million,
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  • Ticket resale website found guilty of ripping off Aussie customers with hidden fees, cancelled events and no refunds

    Ticket resale site Viagogo has been found guilty of misleading Australian consumers in the Federal Court Thursday, although no penalty has been handed down yet.

    The Australian Competition and Consumer Commission (ACCC) took action against the Switzerland-based company after complaints from hundreds of Aussies ripped-off by heavy ticket price mark-ups, hidden fees, cancelled events and no refunds.

    Additional fees included a 27.6 per cent booking fee which applied to most tickets.

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  • Australian unemployment lifts despite another strong month of hiring

    • Australia’s unemployment rate edged up to 5% in March, reversing the decline to an eight-year low in February.
    • The increase came despite a surge in full time employment during the month. Australia’s workforce grew faster than employment, explaining the lift in unemployment.
    • Over 300,000 jobs were created in total over the past year, the largest increase since late 2018.
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  • US buy-now-pay-later app Sezzle moves into Afterpay's territory in Australia – but says it's not here to fight

    • Buy-now-pay-later app Sezzle is set to launch on ASX in coming months.
    • Competition in the sector is heating up, with some analysts saying first-in is key to market dominance.
    • Sezzle’s CEO says USA regulation likely to be favorable.

    The latest entrant to the buy-now-pay-later space in Australia is Sezzle.

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  • Australia's next retail sales report could be pretty weak after a surprise surge in February

    • Australian retail sales jumped by 0.8% in February, the largest increase in over a year.
    • The NAB’s latest cashless retail sales index suggests that result is unlikely to be repeated in March.
    • It points to an increase in sales of 0.3%, with downside risks.
    • Australia’s official retail sales report for March will be released on May 7, the same day the RBA will announce its next interest rate decision.

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  • Spending across the Australian economy has suddenly improved

    • Spending across the Australian economy rose by the most in over a year in March, according to the Commonwealth Bank’s BSI.
    • Growth was recorded across most industries and in all states and territories except for the Northern Territory.
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  • Funding for Launceston delivering jobs in aquaculture and renewable energy

    The Morrison Government’s $70 million contribution to the Blue Economy Cooperative Research Centre (CRC), alongside the Hodgman Government’s $2 million contribution, will unlock more than $258 million of private investment from around the globe, create hundreds of local jobs and attract international researchers to Tasmania.

    This announcement is a game-changer, and cements Tasmania as a global leader in renewable energy, aquaculture, particularly our salmon industry and marine engineering.

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  • Victorian virtual reality invention revolutionising children’s healthcare

    A fear of needles is a reality for many children during a hospital visit. Recent award recipient, Dr Evelyn Chan is helping to change that.

    Dr Evelyn Chan has taken out a coveted Women in Leadership Award for championing the use of virtual reality (VR) in hospital settings. Hosted by the BioMelbourne Network, the Women in Leadership Awards are designed to celebrate, honour and profile successful women in the health industry sector.

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  • Deloitte confirms Tasmania’s strong economy

    Tasmania continues to be a better place to live than ever before, and today’s Deloitte Access Economics Business Outlook confirms that Tasmania’s economy has continued to perform strongly, supported by good population growth, household consumption, and public and private investment.

    Under the Hodgman Liberal Government’s long-term plan for Tasmania, our state has come a long way after a disastrous period of Labor-Green minority government, which slammed Tasmania into recession.

    This latest report confirms that the state’s economic growth is expected to remain solid.

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  • Building skills in the North West

    The Hodgman Liberal Government is committed to creating more opportunities for Tasmanians to start their careers and I welcome the Commonwealth Government’s package of initiatives to support skills training in the North West.

    The $3.15 million package will fund nine initiatives that will deliver training and qualifications for 600 North West Tasmanians required in the growth sectors of agriculture, mining, manufacturing, building and construction.

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