Saturday, 22 November 2014 Sydney

Invest In Australia News::

  • New $40 Million Medicine Distribution Centre Opens in Melbourne

    A new $40 million medicine distribution centre in Melbourne will ensure Victorians continue to have reliable and affordable access to important medications.

    Health Minister Peter Dutton said the Symbion Distribution Centre, officially opened today, would service more than 750 pharmacies and 160 hospitals throughout Victoria every day.

    “One of the cornerstones of our health system is that all Australians can have quick access to affordable treatments that can improve our health,” Mr Dutton said.

    “The new state-of-the-art distribution centre will help maintain this standard, supplying medications listed on the Pharmaceutical Benefits Scheme within 24 hours.

  • $644 million hits the ground for local councils

    Council coffers across Australia are currently receiving the latest instalment of the Australian Government's Roads to Recovery and Financial Assistance Grants funding.

    Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the 183 local government authorities that have so far submitted their returns for Roads to Recovery have now received their initial $69 million of funding.

    “In September I wrote to each local government authority to advise of their allocation for the 2014–15 to 2018–19 period, which included a doubled allocation for the 2015–16 financial year,” Mr Truss said.

    “It means councils can now get on with their chosen projects to build and upgrade their local road and street networks.

  • $2 million pledge for threatened species projects

    The Australian Government is committing an extra $2 million to boost the recovery of threatened species in its national park estate.

    Speaking at the World Parks Congress in Sydney, Federal Environment Minister Greg Hunt and Threatened Species Commissioner Gregory Andrews said the funding meant 10 innovative projects targeting key species, habitat and threats across the Parks Australia network now had the go-ahead.

    "Our international visitors here will tell you that when they think of Australia, they think of our amazing animals, plants and parks. But, as locals, we can sometimes take the sights and sounds of the bush and its wildlife for granted," Mr Hunt said.

  • Tweed Heads on the road to recovery

    Construction on Kennedy Drive has begun, following the Australian Government's injection of $3.3 million for vital upgrades between Gray Street and the Pacific Motorway.

    Acting Prime Minister and Minister for Infrastructure and Regional Development Warren Truss joined Tweed Shire Mayor Gary Bagnall on site today to inspect the progress of works.

    “Coalition candidate Matthew Fraser made the promise to upgrade Kennedy Drive and the government is honouring that promise—even though we did not win the electorate of Richmond,” Mr Truss said.

    “The work to be done here will ease congestion for the 19,000 vehicles that use the road each day.

  • Transcript of Interview: The Alan Jones Breakfast Show, 2GB

    Alan Jones: This is a very important infrastructure package for Western Sydney which is long overdue. There is allegedly a $3.6 billion Western Sydney infrastructure plan. And I quote the words of Jamie Briggs, ‘that will unlock the region's economic capacity by boosting productivity, slashing travel times, and creating thousands of local jobs.’ Now the first four projects are a $1.1 million upgrade to intersections on The Northern Road and Erskine Park Road—those of you who are out there in this traffic mess will know what that means. $5.8 million in intersection upgrades for the Cumberland Highway. $5.7 million upgrade of Wetherill Street. And a $17.5 million to Eagle Vale Drive. Jamie Briggs, the Assistant Minister has rung through.

  • Asia Pacific Economic Cooperation and The East Asia Summit

    This Sunday I will travel to Beijing to attend the Asia Pacific Economic Cooperation (APEC) leaders’ meeting.

    APEC has promoted regional economic integration and fostered free trade and investment since its inception in Canberra 25 years ago.

    APEC brings together leaders from 21 economies that account for more than half of global GDP; are home to more than 2.7 billion people and represent more than two-thirds of Australia’s trade in goods and services.

    The theme for this year’s APEC meeting is Shaping the Future through Asia-Pacific Partnership.

    Leaders will discuss ways to further liberalise trade and better integrate our economies for the benefit of all nations.

  • $1.4 million funding for the Duke of Edinburgh’s International Award

    Minister for Education, the Hon Christopher Pyne MP and Minister for Health and Minister for Sport, the Hon Peter Dutton MP today announced $1.4 million in Australian Government funding for the Duke of Edinburgh’s International Award in Australia.

    The announcement coincides with His Royal Highness Prince Edward's visit to Australia. Prince Edward is in the country to commemorate more than 50 years of the Duke of Edinburgh Award in Australia.

    “The Duke of Edinburgh’s Award is a well-established and celebrated way to recognise our young people’s achievements,” Mr Pyne said.

    “It is valued by educational institutions and employers and equips young people with practical and social skills to help them succeed in their chosen career path,” he said.

  • Media Release: Man caught conducting DIY Ice importation with approximate street value of $43 million

    This is a joint media release with Australian Customs and Border Protection Service.

    A 55-year-old Chinese national will appear in the Sydney Central Local Court today (6 November 2014) charged with importing crystal methamphetamine, also known as Ice, concealed in flat-pack cabinet materials.

    Late last month, Australian Customs and Border Protection Service (ACBPS) officers at the Sydney Container Examination Facility selected a consignment labelled as 'flat pack cabinets' for closer examination after an x-ray of the consignment revealed anomalies.

  • $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.