Thursday, 28 May 2015 Sydney
RSS
Connect
Newsletter

Invest In Australia News::

  • Introduction of the Medical Research Future Fund Bill 2015

    The Abbott Government is focused on ensuring Australia’s best and brightest medical researchers remain at the forefront of developing treatments and cures that will improve the lives of Australians and millions of people around the world.

    Today, we introduce legislation to create the $20 billion Medical Research Future Fund – the biggest endowment fund of its kind in the world.

    The Medical Research Future Fund is a landmark Coalition Government initiative. This is a game-changer for Australia and for Australians.

    Subject to the passage of the legislation, the Medical Research Future Fund will be established from 1 August 2015.

  • $10 million to support Tasmanian Wilderness World Heritage Values

    The Commonwealth and Tasmanian Governments are delivering improved outcomes for the Tasmanian Wilderness World Heritage Area with $10.2 million for the identification, protection, conservation, presentation and rehabilitation of the World Heritage values of the property.

    The funding will be provided by the Commonwealth Government to support the Tasmanian Government's increased and ongoing management responsibilities in the areas added to the Tasmanian Wilderness World Heritage Area in 2013.

    The funding includes a one-off payment of $3.2 million next financial year to address identified priority issues such as road safety and biosecurity concerns including managing the spread of invasive species, pests and pathogens.

  • Depreciation for farmers brought forward

    Australian farmers can now claim a tax deduction on all capital expenditure on water facilities, fodder storage assets and fencing incurred since the 2015 Budget was handed down at 7:30pm on 12 May.

    Farmers can fully deduct the cost of water facilities and fencing in the year they are purchased and deduct the cost of fodder storage assets over three years.

    Australian small businesses got a boost on Budget night being able to immediately claim accelerated depreciation on business assets costing up to $20,000. Farms with turnover of less than $2 million qualify as a small business and are therefor​e also eligible to immediately write-off all asset purchases up to $20,000. 

  • Disability-inclusive development strategy launched

    I am pleased to announce the launch of Australia’s new strategy within our aid program to strengthen the inclusion of people with disabilities in developing countries.

    The strategy recognises that everyone is affected if the most disadvantaged people are left behind, and acknowledges that people with disabilities make up one of the largest and most disadvantaged minorities in the world.

    Development for All 2015-2020: Strategy for strengthening disability-inclusive development in Australia’s aid program will support people with disabilities in developing countries to find pathways out of poverty and realise their potential.

  • Indigenous business gets a lift with new procurement guidelines

    The Government has released the Indigenous Procurement Policy guidelines, further renewing the Government’s commitment to closing the gap on Indigenous employment. 

    The Indigenous Procurement Policy guidelines will commit the Government for the first time to an Indigenous businesses purchasing target and provide significant benefits for Indigenous businesses.

    “Through governments working more closely with Indigenous businesses, we will be able to provide the jobs, skills and training to get more First Australians into meaningful employment,” Minister for Indigenous Affairs Nigel Scullion said. 

  • Deloitte affirms importance of sustainability on corporate agenda

    Formerly a partner in Deloitte France and the EMEA regional leader for Sustainability Services, Dugelay will devote his full-time activities to the role previously held by Dave Pearson. A senior leader with DTTL, Pearson becomes DTTL Chief Sustainability Officer. Valerie Chort and Keiichi Kubo remain Americas and Asia Pacific Regional Sustainability Services Leaders, respectively.

    Deloitte Sustainability Services encompasses a multitude of disciplines, including strategy, innovation, assurance services, consulting, transaction support, and risk advisory. More than 2,000 professionals globally are devoted to Deloitte Sustainability Services.

  • Agriculture ministers meet in Sydney

    Minister for Agriculture,​ Barnaby Joyce, is in Sydney today to meet with primary industries ministers and representatives from Australia and New Zealand.
    Minister Joyce said the third meeting of the Agriculture Ministers’ Forum (AGMIN) is a great opportunity for ministers to address key priorities for the agriculture sector including outcomes announced in the Budget.
    “I am looking forward to updating my colleagues on the progress of the Agricultural Competitiveness and Northern Australia white papers, and the concessional loans schemes available to farm businesses in financial hardship,” Minister Joyce said.

  • Chinese investment in Australia: Seismic shifts

    Dramatic structural changes have driven strong shifts in the sector, number and types of deals being made by Chinese investors in Australia. For the first time nearly half of investment was concentrated in commercial real estate transactions, with investment in infrastructure also increasing significantly. Also for the first time, Chinese private sector investment exceeded state-owned enterprise investment, both in terms of volume and value.

    New South Wales attracted a staggering 72 percent of total Chinese investment, with seven of the eight largest completed deals in 2014 being NSW domiciled.

     

  • New Head of Tax for KPMG Australia

    KPMG Australia today confirmed David Linke as the firm’s new National Managing Partner Tax, effective 1 July 2015. Mr Linke succeeds Rosheen Garnon, who has held the role for the past five and a half years.

    Mrs Garnon will  move into a new role which will include leading two key growth initiatives for the firm - launching a new ‘people advisory’ collaboration offering between the firm’s Tax and Advisory practices, and continuing to build out KPMG’s legal services practice.

     

    Mr Linke’s appointment follows a rigorous process of consultation and market analysis, considering internal and market candidates domestically and internationally.

     

  • Deloitte Digital named Sitecore Platinum Implementation Partner

    10 April 2015: Deloitte Digital announced they are a Sitecore Platinum Implementation Partner. Sitecore, the global leader in customer experience management software, recently rolled out a new Solution Partner Program that will more closely align the needs of its customers and partners. Sitecore established its partner program to ease integration and maximize the value of its solution to customers. The new partner program is structured to support Sitecore’s partner-led business model and provide additional opportunity to grow and scale our Sitecore business.

  • Strong prospects for Australian companies in Latin American oil and gas sector

    Latin America’s oil and gas sector holds a wealth of opportunities for Australian companies, with the region set to be one of the fastest-growing areas for oil and gas production over the next decade following widespread reform in multiple markets.

    ‘The opportunities for Australian oil and gas companies in Latin America are unprecedented. We’ve seen reform across many economies in the region that we expect will trigger a new era for Australian trade and investment in the sector,’ said Chris Rodwell, Austrade’s Trade Commissioner for Mexico, Central America and the Caribbean, during a Latin America energy roadshow to Perth in March.

  • Melbourne shines as entrepreneurial hub

    YBF provides a collaborative, professional environment for start-ups and entrepreneurs to co-work, share ideas and experiences, and split generally unaffordable office space in Melbourne.

    David McGregor, EY Technology, Media & Entertainment and Telecommunications Leader said the sponsorship of YBF was centred around assisting the three-year-old business with the next stage of its growth strategy and broadly supporting the Melbourne entrepreneur ecosystem.

  • Why banks need to ‘switch on’ to Gen Y now

    They don’t see themselves using social media channels to bank in the future. Security measures are a bore and ‘annoying’. And almost all currently don’t have a financial planner, however most would like financial coaching . . . for free.  These are among the views of today’s Gen Y professionals, who will become a significant customer group for retail banking by 2030.

    KPMG Australia’s second report in its series, Banking on the Future: The expectations of the Gen Y professional, is based on a study undertaken by the firm into the banking and wealth desires of Gen Y professionals. It has revealed a fundamental change in the way this generation is thinking about banking – and highlights significant implications for banks.

     

  • Key milestones reached in Princes Highway East duplication

    Duplication of the Princes Highway between Traralgon and Sale is a step closer with the commencement of works between Sale-Heyfield Road, Fulham, and Reid Drive in Wurruk.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the milestone coincided with the completion of works from east of Denison Road to east of Nambrok Road, Rosedale.

    “The $260 million duplication will improve road safety, cut travel times and associated costs and improve freight efficiency to and from the Gippsland area,” Mr Truss said.

    “This project will also be a major boost to key industries of the region such as the dairy, timber and paper industries.”

    Federal Member for Gippsland Darren Chester was on hand today for both milestones.

  • Deadline approaching for EMDG Review survey responses

    Australian businesses that received a survey on the Export Market Development Grants (EMDG) scheme have until 20 April to respond. Your feedback is vital to ensuring a comprehensive review of the scheme and identifying areas for improvement.

    Austrade is facilitating a survey of Australian businesses to find out their opinions of the EMDG scheme on behalf of the independent Reviewer, Mr Michael Lee. The survey was launched on 25 March and is open until 20 April. It is a key component of the 2015 Review of the EMDG scheme and is being implemented by research firm TNS Australia.

    Two groups of respondents are being surveyed: current EMDG grant recipients, and Australian businesses that have not used the EMDG scheme.

  • New Business Envoy launched to share market insights with Australian business

    The first edition of Business Envoy – a novel publication that shares market insights from DFAT’s global diplomatic network – is now available to Australian businesses.

    Minister for Trade and Investment Andrew Robb said “the bi-monthly Business Envoy will better inform Australian business on the economic and market implications of geopolitical events and trends”.

    “The Department of Foreign Affairs and Trade produces high quality assessments and analyses of key political and economic issues around the world. This publication will help share that knowledge with Australian exporters and Australian businesses that have overseas operations or are looking to expand overseas,” Mr Robb said.

  • Iran nuclear negotiations – framework agreement

    The Australian government welcomes progress towards a comprehensive agreement over Iran’s nuclear program, following the establishment of a framework agreement between permanent members of the Security Council and Germany (P5+1) and Iran.

    This framework agreement is an important step towards a final agreement, which will address international concerns about Iran’s nuclear program.

    There remain many details that need to be addressed over coming few months and I encourage all parties to continue to engage constructively in these negotiations.

    I look forward to visiting Iran on 18 April to discuss the nuclear issue and other important bilateral and regional issues with Foreign Minister Zarif and other Iranian leaders.

  • Choose Australian seafood for your Easter feast

    Parliamentary Secretary to the Minister for Agriculture, Senator Richard Colbeck, is encouraging consumers to buy Australian seafood this Easter – or catch your own!

    “Easter is a time of year when many Australian families enjoy a traditional meal of seafood. To make sure you’re getting the best quality and most sustainably sourced seafood this Easter, I urge you to buy Australian,” Senator Colbeck said.

    “Or you could spend some time with your family in the great outdoors and have a go at catching your own seafood feast.”

    “Recreational fishing is a great activity and has been shown to have a range of benefits for health and wellbeing – regardless of whether you catch anything or not!”

  • International cooperation on illegal fishing reaps benefits

    Parliamentary Secretary to the Minister for Agriculture, Senator Richard Colbeck, welcomed action by Malaysian authorities who have detained the Illegal, Unreported and Unregulated (IUU) listed fishing vessel Viking.

    Senator Colbeck said Australia fully supports Malaysian authorities taking strong action against IUU fishing and offers its support as part of the ongoing investigation.

    “The vessel has a long history of IUU fishing in the Southern Ocean and is the subject of an INTERPOL Purple Notice seeking information on the individuals and networks that own, operate and profit from the actions of the vessel,” Senator Colbeck said.

  • UK’s Tracerco opens new reservoir analysis lab in Western Australia

    British industrial technology specialist Tracerco (part of FTSE 100 Johnson Matthey Group) has opened new laboratory facilities in Perth, Western Australia, to provide reservoir tracing services to customers in Australia.

    The new laboratory is the second in the Australasian region, joining a facility in Malaysia. It will enable Tracerco to provide a faster service to its growing customer base, helping oil companies to optimise their well strategies.

  • First Australian Foreign Minister visit to the Cook Islands

    Today I visit Rarotonga to advance Australia’s close relationship with and interest in the Cook Islands.  I am delighted to be making the first visit to the Cook Islands by an Australian Foreign Minister and to be able to congratulate the Cook Islands Government and its people on this year’s 50th anniversary of self-government.

    I will hold a series of talks with Prime Minister Puna and the Cook Islands’ Cabinet, and will also meet with the Queen’s Representative to the Cook Islands, HE Tom Marsters.

    I will meet the Speaker of the House and representatives from the National Council of Women to discuss women’s economic empowerment and political participation in the Cook Islands.

  • Australian exporters continue to reap benefits from JAEPA

    Australian exporters are encouraged to take full advantage of the benefits of the Japan-Australia Economic Partnership Agreement (JAEPA), with the second round of tariff cuts taking effect today.

    “This is the second tariff cut under JAEPA in quick succession. The first came on entry into force on 15 January 2015 and the second reduction comes into effect today 1 April 2015,” Minister for Agriculture, Barnaby Joyce, said.

    Minister Joyce said the Australian agriculture industry is already seeing some real benefits of JAEPA across a range of sectors under this historic trade deal.

  • Australian exporters continue to reap benefits from JAEPA

    Australian exporters are encouraged to take full advantage of the benefits of the Japan-Australia Economic Partnership Agreement (JAEPA), with the second round of tariff cuts taking effect today.

    “This is the second tariff cut under JAEPA in quick succession. The first came on entry into force on 15 January 2015 and the second reduction comes into effect today 1 April 2015,” Minister for Agriculture, Barnaby Joyce, said.

    Minister Joyce said the Australian agriculture industry is already seeing some real benefits of JAEPA across a range of sectors under this historic trade deal.

  • Australian exporters continue to reap benefits from JAEPA

    Australian exporters are encouraged to take full advantage of the benefits of the Japan-Australia Economic Partnership Agreement (JAEPA), with the second round of tariff cuts taking effect today.

    “This is the second tariff cut under JAEPA in quick succession. The first came on entry into force on 15 January 2015 and the second reduction comes into effect today 1 April 2015,” Minister for Agriculture, Barnaby Joyce, said.

    Minister Joyce said the Australian agriculture industry is already seeing some real benefits of JAEPA across a range of sectors under this historic trade deal.