Tuesday, 27 September 2016 Sydney

Invest In Australia News::

  • Leading sportstech company GuardLab to establish APAC HQ in Melbourne

    One of the world's fastest growing sportstech companies, GuardLab, will establish its Asia Pacific headquarters in Melbourne later this year and relocate its regional manufacturing provision from Long Island, New York to Melbourne.

    The company is the latest in a string of tech companies to make Melbourne home, and will act as a major export hub to Asia which has a market potential of around A$50 million per year.

  • Melbourne’s DIF makes sure no one is left behind

    Victoria's digi-tech innovation events forge industry collaborations and investment, as well as a common drive to make sure no one is left behind in this next gen, digi-revolution.

  • Victoria - Australia’s fastest growing state as population exceeds six million

    Melbourne is set to overtake Sydney as Australia's biggest city after the state's population topped the 6 million mark.

    Fuelled by a surge in overseas and interstate migration, Victoria grew by 1.9 per cent from March 2015 to 2016.

    While overseas migrants are the biggest contributors to Australia's growth, demographers say Victoria's population has been boosted by people leaving northern states in search of employment.

  • Unsolicited proposal received for Ausgrid

    The NSW Government announced on September 23, 2016 that it had received an unsolicited proposal for the partial long-term lease of Ausgrid from a consortium comprising AustralianSuper and IFM Investors.

    As part of the standard process for unsolicited private sector proposals, the NSW Government has established an experienced cross-agency panel to thoroughly assess the proposal.

    Premier Mike Baird said the Government was obliged to consider all unsolicited proposals based on their merit.

  • The Board of the Australian Digital Health Agency seeks nominations for Advisory Committees

    The Board of the Australian Digital Health Agency is calling for people to support it in driving the digital transformation of Australian healthcare.

    To ensure we get the best minds in the country to support us in this critical work, we are appealing to people across the community to express their interest in joining an Advisory Committee to support the Board and help shape the Agency's focus and work.

    We are establishing Advisory Committees in the areas of:

  • UK legal firm Herbert Smith Freehills launches ALT centre in Melbourne

    Legal service provider Herbert Smith Freehills will open an alternative legal services (ALT) office in Melbourne, a first for Australia.

    The new office is scheduled to open in November and follows the opening of a Shanghai ALT office and a 'pop-up' ALT office in Perth.

    The office will create 65 jobs in Victoria and will provide services such as 24 hour document review, claims assessment, due diligence, commercial contracts and legal analysis.

  • NSW Government invests $340 million in quality teaching

    The new Literacy and Numeracy Strategy 2017-2020 covers student education from kindergarten until they complete their HSC.

    NSW Premier Mike Baird said the new strategy was about helping students succeed with extra support where they need it.

     “The skills of reading, writing and numeracy are crucial – particularly in the first few years of school. Everything a student achieves in school depends on a solid foundation in these skills,” Mr Baird said.

  • ACCC reviewing sharing economy policies as part of international sweep

    The Australian Competition and Consumer Commission is assessing the review policies of sharing economy platforms as part of an international initiative targeting online reviews and endorsements.

    This review is part of the International Consumer Protection and Enforcement Network (ICPEN)’s annual internet sweep, involving over 50 consumer protection agencies around the world. This year the focus of the sweep is ‘Online Reviews and Endorsements’ and the ACCC will be focusing on the way in which reviews operate in the sharing economy.

  • ACCC will not oppose Vocus Communications’ move on Nextgen

    The Australian Competition and Consumer Commission has announced it will not oppose the proposed acquisition by Vocus Communications (ASX:VOC) (Vocus) of Nextgen Networks Group Pty Ltd and two development projects: the Australian Singapore Cable and the North West Cable System (together, Nextgen).

    The ACCC found that the services supplied by Vocus and Nextgen were largely complementary. Where there was overlap, the ACCC considered the combined competitive constraint from other major wholesale suppliers, namely Telstra, Optus, and TPG, would likely be sufficient to limit any harm to competition.

  • Mysmallbusiness Column - Small Business A Unifying Force In The Senate

    Stop me if you’ve heard this one before: what does a former fish and chip shop owner, a broadcaster and a lawyer have in common?  It’s not actually a riddle; I am of course talking about Pauline Hanson, Derryn Hinch and Nick Xenophon; a trio who, when it comes to identifying similarities – notwithstanding their membership to the Senate – can hardly be described as being separated at birth.

    But one of the commonalties they and their fellow independent and micro-party Senators do share, is their pragmatic approach to small business.

  • Sydney property prices rise in June quarter 2016

    Sydney property prices rose in June quarter 2016 after six months of falls, according to figures released today by the Australian Bureau of Statistics (ABS).

    Prices for established houses in Sydney rose 3.2 per cent and attached dwellings rose 2.0 per cent.

    Residential property prices fell in Perth and Darwin, while prices rose in all other capital cities.

    Melbourne recorded the strongest through the year growth of 8.2 per cent, followed by Canberra at 6.0 per cent.

    Established house prices for the eight capital cities rose 2.3 per cent and attached dwellings rose 1.4 per cent in the June quarter 2016. 

  • New architecture walk puts modern Sydney on show

    Sydney’s impressive collection of 20th Century architecture from the 1950s, 60s and 70s will be given an airing as part of the City of Sydney’s first architecture themed Culture Walk.

    Adding to a series of art and history walks on the City’s award winning Culture Walks app, ‘Modern: Martin Place to Circular Quay’ delves into the ‘Mad-Men’ era – a time when Sydney walked onto the world stage, and revolutionary technology influenced architectural design.

  • Wynyard Walk opened to pedestrians

    Sydney’s newest pedestrian tunnel has opened to the public – boosting convenience and safety for pedestrians in the heart of the CBD.

    Premier Mike Baird and Minister for Transport and Infrastructure Andrew Constance said Wynyard Walk provided a six-minute link by foot between one of Sydney’s busiest transport interchanges and the emerging new jobs precinct at Barangaroo.

    “This will be a bustling thoroughfare for the tens of thousands of workers and visitors accessing Barangaroo every day,” Mr Baird said.

  • Hong Kong Startup supporter Oddup sets up in Melbourne

    A Hong Kong based software company, which specialises in online analysis for startups, has opened new offices in Melbourne.

    Oddup provides investors with an assessment of the potential success of a startup and with its proprietary Oddup Score, helps investors with a buy, hold and sell view of the startup it rates.

    The company has called on governments in Australia to offer further tax incentives to shift the local investment focus from property to technology to enable tech talent to transfer from big corporates into startups.

  • Governments join forces on red tape reduction

    Conducting business in Tasmania will be faster and simpler thanks to a new agreement between the State and Federal Government to work together to reduce red tape for businesses where State and Federal regulations overlap.

    In August, the Federal Minister for Industry, Innovation and Science, Greg Hunt, invited Tasmania to join the National Business Simplification Initiative.


    The Australian and South Australian governments have today announced funding for three new innovative jobs projects designed to diversify productivity and create new opportunities in the River Murray region.

    The three new projects to share in the $1.5 million investment are a piggery re-development at Mt Boothby, a native foods business in the lower River Murray and the new Ngarrindjeri Regional Authority, which will build on its successful Aboriginal Learning on Country Program and Community Nurseries Network initiatives.

  • Evolution Rail, a global partnership to deliver 65 new trains for Victoria

    A consortium of Australian, Chinese and international investors will build 65 new high capacity trains in Victoria over the next six years.

    The Evolution Rail consortium, which comprises the Downer Group, CRRC Changchun Railway Vehicles and the Plenary Group has been appointed by the State Government of Victoria to deliver the High Capacity Metro Trainstransport project.

  • US law firm White & Case opens new offices in Australia

    A major American law firm is set to open offices in Sydney with counsel also based in Melbourne.

    White & Case is investing in the local business finance sector in a move designed to strengthen the firm's position in the global project finance market.

    The firm has hired 10 new locally-based partners to be located at the new branch and in Melbourne as a jumping off point for the lucrative Asia Pacific market.

  • Next stop InnoTrans 2016, the world’s leading rail conference in Berlin

    Australian rail expertise spanning the entire supply chain will be showcased at the world’s leading rail conference, InnoTrans 2016, held in Berlin, Germany from 20-23 September.

    Austrade is leading a delegation of 33 companies to participate in the biennial event and promote Australian capabilities as part of the Australia Unlimited pavilion.

    InnoTrans 2016 will focus on five areas: technology, infrastructure, public transport, Interiors and tunnel construction. Nearly 3,000 exhibitors and over 100,000 visitors are expected.

  • Succession Planning In The ‘TOO-HARD’ Basket

    A lack of succession planning has emerged as one of the key issues facing family businesses in Australia, following a nation-wide small business consultation conducted by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell.

    Marking National Family Business Day, Ms Carnell said despite its importance, the ASBFEO has found that planning for the future isn’t considered a high priority for family businesses, with Australia following a global trend.

  • Potential For 5000 Jobs As Northern Adelaide Irrigation Scheme Progresses

    A proposal to expand the use of recycled water for primary production in the Northern Adelaide Plains suggests there is the potential to create more than 5000 jobs.

    The water would help produce crops in high-tech greenhouses which maximise production and water-use efficiency, while also minimising the requirement for water storage in winter.

  • UNSW–China research partnership to transform electricity transmission

    Shanghai Stock Exchange–listed Hangzhou Cable Co. and the University of New South Wales (UNSW) have opened the UNSW and Hangzhou Cable Joint Laboratory in Sydney.

  • ACCC urges Australian businesses to adopt new button battery code

    The Australian Competition and Consumer Commission is urging businesses to adopt a new Code designed to reduce the number of deaths and injuries from children swallowing button batteries in Australia.

    With the miniaturisation of electronic devices, unsecured button batteries are becoming increasingly accessible to young children. Button batteries are used to power many consumer goods found around the home including TV remote controls, cameras, watches, calculators, greeting cards, scales and torches. They are also increasingly used in children’s toys, novelty items and LED lights.

  • $3m investment in Early Years Facilities

    The Tasmanian Government will invest an additional $3 million to enhance play-based early learning facilities at Tasmanian schools as part of our Education Act reforms.

    This $2 million investment in indoor play spaces, and $1 million in outdoor areas is in addition to the more than $100 million already committed to - providing for more teachers, teacher assistants, specialist staff to support children with a disability and improved infrastructure as part of the Education Act changes.