Thursday, 20 June 2019 Sydney

Invest In Australia News::

  • Fostering a more inclusive Tasmania

    The Hodgman Liberal Government is committed to creating a confident and inclusive community where all Tasmanians are treated fairly, with respect and have an equal opportunity to engage in Tasmanian life.

    The Government’s LGBTI Grants Program provides funds to community organisations, tertiary intuitions and local government, and is aimed at creating a more accepting, diverse and resilient LGBTI community by fostering inclusion and respect for all Tasmanians.

    Four organisations will receive a share of the $50,000 program for five projects in 2019.

    The projects to receive funding are:

  • Neighbourhood House Security Grants

    Neighbourhood Houses are at the forefront of addressing disadvantage in their local community, with many staff and volunteers working selflessly to support others to achieve positive change.

    To ensure that Neighbourhood Houses across the State continue to deliver important services and programs, the Hodgman Liberal Government has funded the Neighbourhood House Security Grants at $150,000 over two years.

    I am pleased to announce that the Burnie Community House has received $4,414 for their security project as part of the Round One allocation.

  • Feasibility Study To Assess KI Artisan Meat Demand

    A feasibility study into artisan meat processing on Kangaroo Island is underway to assess how locally grown and processed red meat can feed the island.

    The State Government has partnered with Livestock SA to commit almost $30,000 to appoint BDO EconSearch to conduct an independent feasibility study into artisan meat processing options on Kangaroo Island.

    Minister for Primary Industries and Regional Development Tim Whetstone said the study is an important step following positive public feedback to a discussion paper released late last year.

  • Australia named safest country in the world for women

    • Australia is the safest country in the world for women, according to data the consultancy New World Wealth released in its 2019 Global Wealth Migration Review.
    • Australia has earned the top spot for women’s safety for the second year in a row, followed by Malta, Iceland, New Zealand, and Canada.
    • Many of those countries are also popular destinations for individuals with a net worth of over $US1 million,
  • Ticket resale website found guilty of ripping off Aussie customers with hidden fees, cancelled events and no refunds

    Ticket resale site Viagogo has been found guilty of misleading Australian consumers in the Federal Court Thursday, although no penalty has been handed down yet.

    The Australian Competition and Consumer Commission (ACCC) took action against the Switzerland-based company after complaints from hundreds of Aussies ripped-off by heavy ticket price mark-ups, hidden fees, cancelled events and no refunds.

    Additional fees included a 27.6 per cent booking fee which applied to most tickets.

  • Australian unemployment lifts despite another strong month of hiring

    • Australia’s unemployment rate edged up to 5% in March, reversing the decline to an eight-year low in February.
    • The increase came despite a surge in full time employment during the month. Australia’s workforce grew faster than employment, explaining the lift in unemployment.
    • Over 300,000 jobs were created in total over the past year, the largest increase since late 2018.
  • US buy-now-pay-later app Sezzle moves into Afterpay's territory in Australia – but says it's not here to fight

    • Buy-now-pay-later app Sezzle is set to launch on ASX in coming months.
    • Competition in the sector is heating up, with some analysts saying first-in is key to market dominance.
    • Sezzle’s CEO says USA regulation likely to be favorable.

    The latest entrant to the buy-now-pay-later space in Australia is Sezzle.

  • Australia's next retail sales report could be pretty weak after a surprise surge in February

    • Australian retail sales jumped by 0.8% in February, the largest increase in over a year.
    • The NAB’s latest cashless retail sales index suggests that result is unlikely to be repeated in March.
    • It points to an increase in sales of 0.3%, with downside risks.
    • Australia’s official retail sales report for March will be released on May 7, the same day the RBA will announce its next interest rate decision.

  • Spending across the Australian economy has suddenly improved

    • Spending across the Australian economy rose by the most in over a year in March, according to the Commonwealth Bank’s BSI.
    • Growth was recorded across most industries and in all states and territories except for the Northern Territory.
  • Funding for Launceston delivering jobs in aquaculture and renewable energy

    The Morrison Government’s $70 million contribution to the Blue Economy Cooperative Research Centre (CRC), alongside the Hodgman Government’s $2 million contribution, will unlock more than $258 million of private investment from around the globe, create hundreds of local jobs and attract international researchers to Tasmania.

    This announcement is a game-changer, and cements Tasmania as a global leader in renewable energy, aquaculture, particularly our salmon industry and marine engineering.

  • Victorian virtual reality invention revolutionising children’s healthcare

    A fear of needles is a reality for many children during a hospital visit. Recent award recipient, Dr Evelyn Chan is helping to change that.

    Dr Evelyn Chan has taken out a coveted Women in Leadership Award for championing the use of virtual reality (VR) in hospital settings. Hosted by the BioMelbourne Network, the Women in Leadership Awards are designed to celebrate, honour and profile successful women in the health industry sector.

  • Deloitte confirms Tasmania’s strong economy

    Tasmania continues to be a better place to live than ever before, and today’s Deloitte Access Economics Business Outlook confirms that Tasmania’s economy has continued to perform strongly, supported by good population growth, household consumption, and public and private investment.

    Under the Hodgman Liberal Government’s long-term plan for Tasmania, our state has come a long way after a disastrous period of Labor-Green minority government, which slammed Tasmania into recession.

    This latest report confirms that the state’s economic growth is expected to remain solid.

  • Building skills in the North West

    The Hodgman Liberal Government is committed to creating more opportunities for Tasmanians to start their careers and I welcome the Commonwealth Government’s package of initiatives to support skills training in the North West.

    The $3.15 million package will fund nine initiatives that will deliver training and qualifications for 600 North West Tasmanians required in the growth sectors of agriculture, mining, manufacturing, building and construction.

  • New stadium opens in Western Sydney

    The new Bankwest Stadium in Parramatta will provide guests with state-of-the-art entertainment and sporting facilities.

    he 30,000-seat Bankwest Stadium has the steepest stands in Australia and has been designed to amplify crowd noise, with 360-degree LED screens to create a wall of sound and colour.

    The stadium precinct will also feature children’s play equipment, parkland and new spaces for community events including market days and community movies.

  • Priorities to improve quality of life in NSW

    Providing world-class services and delivering infrastructure that connects communities are some of the new priorities of the NSW Government.

    The new priorities will deliver great opportunities and quality of life for all NSW citizens.

    Key priorities of the NSW Government

  • Skills, building and construction boom in Tasmania

    The Hodgman Liberal Government welcomes the latest building and construction State of the Industry Report which shows how the sector continues to experience boom times, and will be worth around $2.8 billion a year for at least the next two years.

    Importantly we also see continued increases in the pipeline of new apprentices, with 900 apprentices commencing in the building and construction industry in 2017-18, up by a massive 39 per cent from the year before.

  • Nominations Open For Ministerial Agtech Advisory Group

    Nominations are being sought for a new Ministerial AgTech Advisory Group, as part of the State Government’s concerted focus to grow primary industries in South Australia.

    The AgTech Advisory Group will be made up of eight members, including an independent chair, and provide high-level independent advice on the practical application and adoption of technologies and on-farm innovation.

  • Research from 2013 found Australia could support up to 60% electric vehicles using simple and cheap technology

    • Labor plans to introduce targets for 50% of vehicles being electric in government fleets if it wins government.
    • Research shows that with simple changes Australasia can support up to 60% of vehicles nationwide being electric.
    • Expert says the grid will not be overwhelmed if demand management tech is used.

    A leading expert in electric vehicles has struck out at claims Australia’s electric grid could not handle Labor’s 50 per cent electric vehicle target.

  • The Australian dollar jumps to six-week highs

    • The Australian dollar rose strongly across the board on Wednesday.
    • A soft US core inflation report for March, and push back from the RBA on growing expectations about the prospect of a near-term rate cut were the two main factors behind the Aussie’s strength.
    • There’s little on the economic calendar on Thursday, other than Chinese inflation data.
  • Pessimism among Australian property professionals hits new highs

    • Confidence among Australian property professionals has fallen to the lowest level in at least six years.
    • Residential property specialists remain the most pessimistic with views towards sentiment, prices and construction all hitting record lows.
    • Those working in New South Wales and Victoria remain the most pessimistic in the country.
  • Australian inflation look set to weaken further, providing a potential trigger for the RBA to cut rates

    • Australian inflation has been weak for several years.
    • Economists expect it weakened further in the March quarter of this year.
    • Core inflation is expected to move further away from the RBA’s 2-3% target.
    • The RBA has nominated a lack of progress in returning inflation to its target as one catalyst that may warrant an interest rate cut.

    Australian inflationary pressures — already weak

  • Bec-onomics would drive Tasmania back into debt and deficit

    The only question left unanswered from Parliament is how would Rebecca White and Labor fund their proposed $280 million cash splash on an unsustainable, unaffordable 3 per cent public sector wage rise?

    Today in Parliament, Rebecca White effectively argued that the reduction in the national GST pool means we shouldn’t have funded infrastructure, shouldn’t fund election promises that Tasmanians voted for, shouldn’t fund $105 million in additional health spending or fund out-of-home care for vulnerable children.

  • The RBA isn't convinced it needs to cut rates - but markets still think it will

    • RBA Deputy Governor Guy Debelle isn’t convinced that the bank needs to cut interest rates yet.
    • In a speech on Wednesday, Debelle said the bank is waiting for confirmation as to what indicator is giving the correct signal on the strength of the economy — GDP or the labour market.
    • He said the resolution of this uncertainty will be of “crucial importance” in terms of what the the bank will do next.
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  • Australians are suddenly a lot more optimistic about where the housing market is heading

    • Be it the outlook for prices or whether now is a good time to buy, Australians have suddenly become a lot more confident about where the housing market is heading.
    • Views on whether now is a good time to buy a home rose to a four-year high in April, according to the Westpac-MI Consumer Sentiment Survey for April.
    • Sentiment towards the outlook for prices also firmed sharply, although the slim majority remain pessimistic.
    • Other housing ind