Friday, 31 October 2014 Sydney

Invest In Australia News::

  • $2 million to strengthen compliance powers of Indigenous rangers

    The Australian Government is investing $2 million over two years to establish a Specialised Indigenous Ranger Programme to strengthen the compliance and enforcement powers of Indigenous rangers in Far North Queensland and the Torres Strait.

    Minister for Indigenous Affairs, Nigel Scullion, and Minister for the Environment, Greg Hunt, said the new programme would create new employment and training opportunities for Indigenous rangers through the Reef Trust.

    The programme will create five new Indigenous compliance officer positions, up to three Indigenous permitting officer positions and provide compliance training for up to 20 Indigenous rangers as part of the Government’s $5 million Dugong and Turtle Protection Plan.

  • Red tape reduction delivers $83.5 million saving for industry

    Australian industry will benefit from annual savings of $83.5 million through lower compliance costs with the repeal of unnecessary and counterproductive legislation and regulation.

    Industry Minister Ian Macfarlane said the Australian Government was following through on its commitment to ease the red tape burden with this week’s 2014 Spring Repeal Day. Within the Industry portfolio, there have been 50 Acts either amended or repealed to minimise the costs to business from unnecessary or redundant legislation.

  • "Medibank Private Broker Firm Offer exceeds expectations $12 billion in bids received – $1.5 billion allocated"

    The Medibank Private Share Offer has reached another milestone with the successful completion of the Broker Firm Offer, which saw the submission of $11.987 billion in binding bids by brokers for allocations of Medibank Private shares.

    The Government is pleased to announce that eligible Australian and New Zealand brokers who bid for a firm allocation of shares on behalf of their retail clients have been allocated $1.5 billion of Medibank Private shares.

    Consistent with the advice in the Medibank Private Share Offer prospectus, the shares allocated to the Broker Firm Offer may be subject to a further clawback of up to 20 per cent, following completion of the Institutional Offer.

  • Government cuts more than $2.1 billion of red tape

    The Abbott Coalition Government is cutting red tape to make life easier, help small business, strengthen our economy and create jobs.

    For the first time in history, the Abbott Government is dedicating two days of Parliament each year to removing red tape. During the Spring Red Tape Repeal Day on 29 October, nearly 1,000 pieces of legislation and regulation totalling over 7,200 pages will be removed.

    We have listened to the concerns in our community about the burden of red tape in Australia. Whether it is small business owners, local community groups or hard working individuals, the message is the same – please make things simpler.

  • $72.3 Million in Savings Achieved Through Repeal Day Initiatives

    The Government has delivered on its election promise to cut $1 billion in red and green tape each year with its second Repeal Day.

    Finance alone has contributed $72.3 million in savings through red tape reduction.

    Since 1 July 2014, Finance has introduced:

  • $24.7 million to transform NAPLAN to online testing

    The Australian Government has today announced $24.7 million to construct the national platform for online NAPLAN testing across Australian schools that will be available in 2016.

    The Minister for Education, Christopher Pyne said this new funding demonstrates the Australian Government is seriously committed to helping the states and territories move NAPLAN online and delivering the benefits it will bring to students, teachers and parents.

    Online NAPLAN testing will transform national testing from a written format to a tailored online one with questions that vary in difficulty depending on the ability of the student.

  • Reebok Australia to pay $350,000 for false and misleading representations

    The Federal Court has by consent ordered Reebok Australia Pty Ltd (Reebok) to pay a pecuniary penalty of $350,000 for making false and misleading representations about the benefits of Reebok EasyTone shoes, in proceedings brought by the Australian Competition and Consumer Commission.

  • Melbourne leads the world in community engagement

    The City of Melbourne has been recognised as a world leader in community engagement, winning International Organisation of the Year at an awards ceremony for public participation.
    The City of Melbourne was named Australasian and International Organisation of the Year at the International Association of Public Participation (IAP2) Core Values Awards last night. It also won an Environment category award for its Urban Forest Strategy consultation.

  • Launch of the National Music Teachers Mentorship Pilot Programme

    We are delighted to announce $594,000 in funding for a new national music mentorship programme that will bring high quality music mentorship to classroom teachers across Australia.

    The National Music Teachers Mentorship Pilot Programme has been developed in close consultation between the Australian Government, the Australian Youth Orchestra and Mr Richard Gill OAM. It will be hosted by the Australian Youth Orchestra who will utilise their well-established connections within the music and education sectors to deliver the programme.

  • Renewed funding continues work on bores

    Remote communities will benefit from the Australian Government's announcement of $15.9 million to extend the Great Artesian Basin Sustainability Initiative (GABSI) for a further three years.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the program provides funding support to repair uncontrolled bores that threaten the long-term viability of the Great Artesian Basin.

    “The Great Artesian Basin is Australia's most significant underground water resource, directly supporting more than 180,000 people in more than 120 towns and 7,600 enterprises in regional and remote Australia,” Mr Truss said.

  • $60 million to boost successful manufacturing in South Australia and Victoria

    Join release with the Hon. David Hodgett MP, Victorian Minister for Manufacturing amd the Hon. Susan Close MP, South Australian Minister for Automotive Transformation, Manufacturing and Innovation

    Manufacturers in South Australian and Victoria will have the opportunity to capitalise on new market opportunities and create new jobs and investments, through the $60 million Next Generation Manufacturing Investment Programme.

  • Applications now open for $18 million programme to help small businesses grow

    Small business advisory service providers can now apply for funding of up to $200,000 per annum over three years to provide expert advice to small businesses under the Australian Small Business Advisory Services programme.

    Supporting small business is a central part of the Abbott Government’s Economic Action Strategy to build a strong, prosperous economy and a safe, secure Australia.

    Over the next three years funding of up to $600,000 will be made available per organisation through the ASBAS programme to provide the engine room of our economy with easy access to low cost, high quality, expert advice.

  • 14-272MR ASIC action leads to $1.128 million refund to consumers

    PAID International Ltd (PAID) (formerly First Stop Money Ltd) will refund $1,128,142 to customers who were charged an excessive fee after taking out loans of up to $5,000, including small amount loans.

    The refunds will be made as part of an enforceable undertaking (EU) accepted by ASIC to 6,650 consumers in relation to 20,273 loans. 

    The EU was offered to ASIC by PAID, a licensed credit provider which mainly offers small amount loans to consumers, after an ASIC investigation found that between 1 July 2011 and 30 June 2013, PAID: 

  • Growth Centres to boost competitiveness

    The Australian Government will invest $188.5 million in Industry Growth Centres to pursue global excellence in areas of competitive strength.

    These centres will provide the infrastructure needed to drive growth and jobs creation in five key sectors of the Australian economy:

    • food and agribusiness;
    • mining equipment, technology and services;
    • oil, gas and energy resources;
    • medical technologies and pharmaceuticals; and
    • advanced manufacturing sectors.

    A key part of the Government’s Industry Innovation and Competitiveness Agenda, the centres will help industry exploit new global markets and supply chains, invent and commercialise new products and services and generate new jobs.

  • Australia's trade with East Asia grows

    Australia’s trade with East Asia grew to $366.7 billion in 2013, up 7.6 per cent on 2012, according to one of three new publications on geographic trade statistics released by the Department of Foreign Affairs and Trade today.

    Australia’s trade with East Asia also reports that exports to East Asia increased 10.6 per cent to $218.8 billion. Iron ore exports to East Asia accounted for over a quarter of total exports, valued at $69.5 billion. Gold (up 30.5 per cent), beef (up 24.6 per cent) and other ores and concentrates – mainly manganese, lead and zinc ores and concentrates (up 15.1 per cent) all grew strongly in 2013.

  • $2.93 Million to Support Ballarat Medical Students

    The Federal Assistant Minister for Health, Fiona Nash, was in Ballarat today to open a new student accommodation facility designed to help universities train medical students locally, giving them a taste of living and working in regional Victoria.

    Opening the University of Melbourne's Rural Health Academic Centre Student Accommodation in Alfredton, Minister Nash said the Australian Government had invested $2.93 million to develop the modern facility.

    The fully-furnished accommodation consists of eight two storey units and can house up to 32 people. It will be used by medical students from the University of Melbourne and Deakin University while they undertake clinical placements.

  • Green Light for Werrington Arterial Stage 1

    The Australian and New South Wales Governments are getting on with building a stronger and more prosperous Western Sydney by today committing $70 million towards the Werrington Arterial Road Stage 1 upgrade and announcing tenders for construction.

    This new funding increases our joint Western Sydney Infrastructure Plan to $3.6 billion further boosting the region's productive capacity to capitalise on the economic gains from developing an airport at Badgerys Creek and cutting journey times for residents travelling to the M4.

  • $22 million investment brings new jobs to Colac

    Up to 200 jobs will be created in Colac in a project to be funded by the Australian and Victorian Government’s $29.5 million Geelong Region Innovation and Investment Fund (GRIIF) that is also supported by Ford Australia and Alcoa of Australia.

    Australian Minister for Industry Ian Macfarlane, Victorian Minister for Manufacturing David Hodgett, Federal Member for Corangamite Sarah Henderson and State Member for Polwarth Terry Mulder today announced a grant of $3.25 million to Colac business Australian Lamb (Colac) Pty Ltd.

    This grant will allow Australian Lamb to put in place their $22 million Production Expansion and Export (PEEP) Program.

  • G20 Finance Ministers and Central Bank Governors meeting Washington, DC

    We have just completed the final working session of G20 Finance Ministers and Central Bank Governors under Australia’s Presidency.

    We have spoken a lot about economic challenges. While some key economies are recovering, others face renewed weakness. 

    But we have emerged with optimism. We are determined to achieve outcomes that will strengthen the recovery as we head to the Brisbane Leaders’ summit in November. 

    Our new growth strategies will deliver a 1.8 per cent increase in global GDP over five years. This will mean $2 trillion to the world economy and millions of new jobs.

    We will not stop there. We will continue to work hard to achieve the 2 per cent goal that was set in Sydney.

  • Applications open soon for $18 million Australian Small Business Advisory Services programme

    A new funding round will soon open to improve the accessibly, volume and quality of low cost business advisory services available to small businesses and family enterprises as part of the $18 million Australian Small Business Advisory Services (ASBAS) programme.

    The Abbott Government is committed to helping established not-for-profit small business advisory service providers to deliver low cost advice and information services to new and established small businesses, family enterprises and start-ups.

    We know small businesses and family enterprises often have limited time, resources and financial capacity to find and obtain accurate information to help grow their business.

  • 23 new jobs to be created in Broadmeadows through $1.1million MNIIF grant

    The Victorian Coalition Government, in partnership with the Federal Government and Ford Australia, today announced funding assistance to a Broadmeadows-based manufacturer to help expand its local operations and create new jobs.

    Federal Industry Minister Ian Macfarlane said the $1.1 million Melbourne’s North Innovation and Investment Fund (MNIIF) grant would assist food manufacturer Colonial Farm to establish a third production line at its new manufacturing and warehouse plant.

    "The $4.3 million third production line will enable Colonial Farm to substantially expand the range and volume of food products that it manufactures.

  • Cloud adoption streamlined for Government

    The Government is committed to the use of cloud to improve the efficiency of its services while maintaining data security and provide services that are more responsive to business and community needs.

    Our E-Government and the Digital Economy plan recognises that the community expects Government services to be responsive and available where and when they want them. By adopting cloud, the Government will be able to deliver better and more efficient services.

    The Government procures approximately $6 billion of ICT services annually, but only a fraction of this is spent on cloud services.

  • EFIC’s renewed focus on SMEs to boost jobs and growth

    Australia’s Export Finance and Insurance Corporation (EFIC) will be refocused to increase its capacity to finance small and medium sized businesses seeking to capitalise on global trade opportunities.

    Traditionally, SMEs find it more difficult to secure export finance through banks, particularly when exporting to emerging markets.

    Under CEO Andrew Hunter, EFIC has been focused on simpler and more streamlined credit application processes, to reduce the time and cost of doing business with EFIC.

  • Tender open for Employment Services 2015-20

    The Australian Government today released the Request for Tender for Employment Services 2015-20, and invited bids from organisations that have the capacity and determination to help more job seekers find and keep a job.

    Minister for Employment Senator Eric Abetz said the Government was investing $5.1 billion in a new model to operate from 1 July 2015 to better meet the needs of job seekers, employers and employment-services providers.

    “The Government is committed to helping more job seekers move from welfare to work so as to enjoy the financial and personal benefits that work brings,” Senator Abetz said.