Thursday, 27 February 2020 Sydney

Invest In Australia Blog::

  • Nation’s strongest growing economy delivering more jobs

    Under the Hodgman majority Liberal Government, Tasmania has seen a dramatic turnaround in economic performance from just five years ago.

    Today’s Australian Bureau of Statistics’ labour force data for July 2019 shows 13,000 jobs have been created since we came to office.

    In July, there were 200 jobs added to Tasmania's economy, all of which are full time positions.

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  • Cruise Ship strategy a blueprint to deliver sustainable growth across the state

    Cruise ships are an important contributor to Tasmania’s visitor economy, injecting $30.5 million into the state last year.

    The Sustainable Cruise Blueprint, released today, outlines our plan to grow this to $50 million by 2022, by encouraging smaller, expedition vessels to visit our regional ports.

    The Blueprint will ensure the benefits of cruise ships are shared by even more Tasmanians and supports our plan for visitors to stay longer and spend more time in regional areas.

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  • Taskforce to investigate stronger button battery safety


    The ACCC has established a Button Battery Taskforce to investigate ways to reduce risk to the Australian community, particularly children, of button batteries.

    In Australia two children have died in the past six years after swallowing a button battery, and hundreds of children suspected of swallowing button batteries have ended up in hospital emergency rooms.

    At least 64 children have died globally.

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  • More competition in NBN wholesale market

    More retail service providers (RSPs) are directly accessing the NBN in more locations around Australia, offering greater choice and potentially better services for consumers and businesses, according to the ACCC’s latest quarterly Wholesale Market Indicators Report released today.

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  • Concerns about Emergent, Oxford cold storage deal

    The ACCC has raised preliminary competition concerns about Emergent Cold’s proposed acquisition of rival cold storage operator Oxford, outlined in a statement of issues published today.

    Oxford and Emergent Cold are the second and third biggest suppliers of third-party cold storage services in Victoria.

    Cold storage is an integral part of the domestic and international supply chains for food products including dairy, seafood, raw and cooked meat, poultry, frozen vegetables and other frozen or chilled foods.

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  • Trend unemployment rate at 5.3%

    Australia's trend unemployment rate increased in July 2019 to 5.3 per cent, from 5.2 per cent in June, according to the latest information released by the Australian Bureau of Statistics (ABS). 

    ABS Chief Economist Bruce Hockman said: "Australia's trend unemployment rate increased to 5.3 per cent in July 2019, the same level as this time last year." 

    "The trend participation rate increased further to 66.1 per cent, while employment growth continues to show strength," added Mr Hockman.

    Employment and hours

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  • Rail trespassers put lives at risk and face fines of up to $5,500

    Offenders are being warned of the consequences of trespassing on the Sydney Trains network after more than 2,100 illegal incidents were recorded on the network in the past year.

    Offenders who get caught trespassing on the Sydney Trains network and are fortunate not to be injured or killed, face up to $5,500 in fines.

    Speaking during Rail Safety Week, NSW Minister for Transport and Roads Andrew Constance said people were putting lives at risk when taking shortcuts across train tracks.

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  • Europcar to pay $350,000 penalty for excessive card payment surcharges

    The Federal Court has ordered CLA Trading Pty Ltd (trading as Europcar) to pay $350,000 in penalties for charging excessive credit and debit card payment surcharges in breach of the Competition and Consumer Act 2010.

    Eurpocar admitted that, between July and August 2017, Europcar charged Visa and MasterCard credit users fees that were higher than Europcar’s costs to accept payments from those credit cards.

    It also admitted that, between July and 5 November 2017, the company had charged excessive surcharges on Visa and MasterCard debit cards.

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  • Wages rise 0.6% in the June quarter 2019

    The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in the June quarter 2019 and 2.3 per cent through the year, according to figures released today by the Australian Bureau of Statistics (ABS). 

    Seasonally adjusted private sector wage growth was 0.5 per cent, while public sector wage growth was 0.8 per cent in the June quarter 2019.

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  • Jobs and tourism benefit from national park investment

    The NSW Government is calling for construction workers and businesses to register their interest in working on the state's iconic parks as part of a $149.5 million investment commitment.

    Recent figures reveal a 16.6% increase on visitors to national parks across NSW last year. This included 60 million visitors to NSW national parks in 2018, compared to 51.77 million in 2016.

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