Saturday, 06 February 2016 Sydney
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Invest In Australia News::

  • Have your say on the new biosecurity regulations​

    The Australian Government is continuing to implement more modern and flexible biosecurity legislation with the second tranche of delegated legislation under the new Biosecurity Act 2015 available for public comment from today.

    The package includes a declaration, a determination and six regulations covering the key areas of compensation, permits, use of protected information, assessment and management, pre-arrival reporting and ballast water and sediment.

    Minister for Agriculture and Water Resources, Barnaby Joyce, said the regulations outlined how the Biosecurity Act 2015 would work in practice, and that considered feedback from key stakeholders and international trading partners was imperative.

  • Canadian oil and gas software maker opens in Australia

    Energy Navigator, the Canadian oil and gas software maker, has opened an office in Brisbane to support its clients in Australia and around the Asia-Pacific region.

    Established in 1998, Energy Navigator has developed specialised capital and reserves asset management software for the oil and gas industry and is well-known for its two powerful software products: Val Nav and AFE Nav.

  • Robb Signs historic Trans Pacific Trade Pact (TPP) in New Zealand

    The historic Trans Pacific Partnership Agreement (TPP) – which will see the elimination of 98 per cent of tariffs among 12 countries – was formally signed today in New Zealand by the Minister for Trade and Investment Andrew Robb.

    The TPP is the world’s most significant trade and investment agreement finalised in more than two decades with member countries accounting for around 40 per cent of global GDP.

    Australia’s exports of goods and services to these countries were worth $109 billion last year – a third of Australia’s total exports. In 2014, Australian investment in TPP countries was 45 per cent of all outward investment.

  • Speciality chemicals conglomerate opens blending and storage facility in Western Australia

    The multi-national speciality chemicals conglomerate, Clariant, has opened a blending and storage facility in Karratha, Western Australia.

    The facility, which will support production from the nearby oil and gas fields of the North West Shelf, has a storage capacity of up to 300,000 litres and a blending capacity for thousands of litres annually of support solvent/hydrocarbon- and water-based chemical products.

  • Vietnam seeks Australian expertise in agribusiness R&D and education

    Australian businesses, research and education institutions are encouraged to examine the growing opportunities in Vietnam’s agribusiness sector.

    In 2010, the Vietnamese Government set a target of 3.5 per cent annual growth in agriculture up until 2020. In order to reach this target, Vietnam is encouraging private-sector investment in the country’s education, training, research and development sectors.

    Agriculture is a critical component of Vietnam’s economic development and food security. It generates about 22 per cent of GDP, comprises nearly 30 per cent of exports and employs over half the country’s labour force.

  • Robb to lead Australia Week in China Business Mission

    Minister for Trade and Investment Andrew Robb today called for business leaders to join what is expected to be Australia’s largest-ever trade mission to China between 11-15 April.

    Part of Australia Week in China (AWIC) 2016, the Government’s biennial trade, investment, education and tourism promotion, the group will visit key cities across China including Hong Kong, Shanghai, Beijing, Chengdu, Shenyang, Hangzhou, Xiamen, Guangzhou and Shenzhen.

    Mr Robb said the program would highlight benefits from the China Australia Free Trade Agreement, which entered into force on December 20 last year. It also builds on the success of the first Australia Week in China in 2014 which attracted 750 delegates.

  • International JV ships first liquefied natural gas from Queensland

    The international JV, Australia Pacific LNG (APLNG), has shipped its first cargo of liquefied natural gas (LNG) from Curtis Island, near Gladstone in Queensland.

  • 2016 Benchmark Report released

    The 2016 Benchmark Report has recently been released by the Australian Trade Commission (Austrade).

    Now in its 16th year, this Report provides a rich set of data that demonstrates Australia’s value as a partner for trade and investment and collaboration.

    Structured around five key reasons for investing in Australia – Growth, Innovation, Talent, Location and Business – the Report clearly sets out Australia’s credentials against other economies across each category.

  • Commodities, China and capital flows

    Tags

     
    • Mark Thirlwell
     
    • Chinese Economy
    • International Investment
    • World Economy

    New patterns of global capital flows are emerging as the world economy evolves, with recent changes in both the sources and recipients of cross-border capital movements driven in part by big changes in China and commodity markets.

  • Coastal shipping operators leaving… reform cannot wait

    Arresting Australia's coastal shipping collapse is reaching a critical juncture with two more operators withdrawing their Australian-crewed vessels from domestic waters, Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said today.

    “The current system for coastal trading, which Labor introduced in 2012, has failed and is driving Australian businesses on land and water to the wall,” Mr Truss said.

    “The system that Bill Shorten says is failing Australian shipping was, in fact, brought in by Labor and their MUA masters in 2012. No changes to Labor's laws have passed the Parliament and Labor and crossbench Senators are determined that none will.”

    Yesterday Bill Shorten said:

  • Designing Western Sydney Steering Committee already delivering jobs growth in 2016

    • Newly established Steering Committee developing action plan to deliver against economic blueprint for Western Sydney
    • Steering Committee to work with Strategy Champions, business and government leaders to drive the region’s jobs growth over the next five years

    2 February 2016: The Designing Western Sydney Steering Committee is meeting for the first time today, coming together with the Strategy Champions announced by the Hon. Stuart Ayres, MP at a 400 strong business and community event in Western Sydney at the end of last year.

  • Meeting of Global Coalition to Combat Daesh and Syria Donors Conference

    I will travel to Italy and the United Kingdom from 1 to 6 February 2016 to attend a meeting of the global counter-Daesh coalition and the Syria Donors Conference. 

    In Rome I will participate in a Ministerial Meeting of the Small Group of the Global Coalition to Combat Daesh, co-chaired by US Secretary of State Kerry and Italian Foreign Minister Gentiloni.

    This meeting comes at a time when local forces in both Syria and Iraq, supported by the coalition, are making military gains against Daesh. I will discuss with coalition counterparts ways to take advantage of this momentum and intensify the global fight against Daesh.

    Australia is a significant stakeholder in the efforts to end conflict in Syria and Iraq, with 780 Australian troops in the region.

  • Doorstop – Mural Hall, Parliament House

    QUESTION: Minister, keen to get your thoughts this morning on the poll on the GST and some support for it, but majority against?

    MATHIAS CORMANN: The Australian Government right now is involved in a conversation with the States and with the community at large about how our tax system can be improved. Our focus is on making our tax system more growth friendly, because what we’re focused on is stronger growth and more jobs. There is still a way to go. There is still a way to go with the conversation. Sometime between now and the next election we will be releasing our tax reform plan for a second term. At that point in time, we’ll set out to persuade the majority of people across Australia that our way is the way forward.

  • ABC RN - Breakfast Monday, 1 February 2016

    FRAN KELLY

    Well the New South Wales Liberal Government is turning up the heat on the Turnbull Government over the need for far-reaching tax reform, Premier Mike Baird unveiling a revised plan to lift the GST to 15 per cent. The Premier says the $100 billion in extra revenue should be used to cut income and corporate taxes, compensate low income earners and provide the States with more money for health and education. But this blueprint for change comes on the same day that new polling shows that the majority of voters are still opposed to paying a higher GST. The Finance Minister Mathias Cormann joins us on this first official day back of Parliament for this election year, Mathias Cormann welcome back to Breakfast.  

    MATHIAS CORMANN

  • Progress on grass-fed and red meat sector representation reform

    Minister for Agriculture and Water Resources, Barnaby Joyce, today welcomed further progress on effective industry representation in the red meat sector.
    Minister Joyce said the decision by the red meat industry to contract a specialist to look at new and innovative revenue streams, cost and business structures for red meat peak industry councils was a good one, and more specifically another step toward reforms flagged last year in the government’s response to the Senate Inquiry into systems and structures governing the grass-fed levy.

  • PwC appointed as Skills Service Organisation

    PwC has been appointed as a Skills Service Organisation by the Federal Department of Education and Training to work with Industry Reference Committees to develop modern and relevant training packages.

    “Our mission is to put employers at the heart of Australia’s qualifications and training system.  Being appointed as a Skills Service Organisation gives us a great opportunity to work with industries and businesses across Australia to make sure we are giving people the best opportunity to gain skills that will help them to get fulfilling jobs,” Sara Caplan, the Skills Services Organisation lead said.

  • Oil, trade and the world economy... plus Ferraris and Zombie Ships

    As mentioned in one of last week’s posts, one of the developments that has been unnerving financial markets this year has been the sharp drop in commodity prices in general and in the price of oil in particular.

     

  • Five-year research roadmap offers opportunities

    The Singapore Government has committed a record SGD19 billion to Singapore’s latest Research, Innovation and Enterprise (RIE) 2020 roadmap to progress the country’s science and technology research for the next five years.



    28 Jan 2016

  • Government agency seeks sustainable solutions for building operations and maintenance

    A government agency in Singapore is inviting proposals for solutions that enable buildings to be intelligent, sustainable and efficient.



    28 Jan 2016

  • Search and Rescue boost as new capability comes online

    Australia's search and rescue capabilities are being bolstered by a $640 million service contract over 12 years for new technology and aircraft. This investment will provide essential eyes in the sky for people in distress, with the replacement aircraft based in Perth, Cairns and Essendon.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss was in Adelaide today to inspect the first of four Bombardier Challenger CL-604 jets which will replace the Search and Rescue aircraft currently used by the Australian Maritime Safety Authority.

    “This capability is vital in Australia's search and rescue response, especially because of the vast area we cover… about one-tenth of the earth's surface,” Mr Truss said.

  • Drought Concessional Loans now open for Tasmanian businesses

    Tasmanian farmers affected by drought will be able to apply for a Drought Concessional Loan from Wednesday. 
    Minister for Agriculture and Water Resources, Barnaby Joyce, and Tasmanian Minister for Primary Industries and Water, Jeremy Rockliff, said $10 million in Drought Concessional Loans would be available to eligible Tasmanian farm businesses struggling with the effects of drought.
    “These loans can be used to restructure existing debt, or to fund operating expenses or drought preparedness and recovery activities,” Minister Joyce said.
    “The loan interest rate—of 3.05 per cent—represents one of the cheapest finance options available with up to $1 million available to individual drought-affected farm businesses.

  • Choose a career in a growing industry

    Minister for Agriculture and Water Resources, Barnaby Joyce, is encouraging young Australians to consider a rewarding career in agriculture.
    Minister Joyce said the future food and fibre task will be a massive challenge for both Australia and the world, but it is one that will also create significant opportunities for those wanting to get involved.
    “I would strongly encourage our next crop of young Australians to consider fields of study—both undergraduate and post-graduate—that will help them make a strong contribution to our primary industries,” Minister Joyce said.

  • Robb visits Singapore to help drive new strategic partnership

    Minister for Trade and Investment Andrew Robb is this week visiting Singapore to both assess and advance progress of the Australia-Singapore Comprehensive Strategic Partnership (CSP).

    The CSP was declared last June by the respective prime ministers in marking the 50th anniversary of diplomatic relations and identifies a wide range of initiatives across the economic, foreign affairs, defence and security fronts.

    One of the many initiatives identified was an early review of the Singapore-Australia Free Trade Agreement (SAFTA), which entered into force back in 2003. The review is scheduled for completion by July this year.

  • State Government goes into bat for SA exports

    About 20 senior Indian business leaders will attend the T20 Cricket match at Adelaide Oval tomorrow, as part of a high-level Indian Business Forum.
    Premier Jay Weatherill said the State Government is hosting the business forum to further develop partnerships with Indian businesses, particularly for the state’s key growth sectors.
    “We recently signed a sister-state agreement with Rajasthan in India, and as the agreement outlines, the Government of South Australia is keen to share our knowledge across India,” Mr Weatherill said.
    “There is no greater shared passion between India and Australia than cricket, and whilse our countries battle on the field in tomorrow’s T20 match, off the field, we will be fostering our growing friendship.