Sunday, 24 September 2017 Sydney

Invest In Australia News::

  • Tax Time 2017 scams audio grab

    The ATO is reminding Australians to be on the lookout for aggressive tax debt scams and has released audio content for radio stations interested in covering the story.

    The recording features Assistant Commissioner Kath Anderson speaking about what to be aware of and how to protect yourself from scams. (WAV 15.6 MB)This link will download a file


    Stop! Scammer time!

  • Stop! Scammer time!

    The Australian Taxation Office (ATO) is reminding Australians to stop and think before giving their personal details or hard-earned money to scammers this tax time.

    Assistant Commissioner Kath Anderson said 48,084 scams were reported to the ATO between July and October last year.

    “We have already seen a five-fold increase in scams from January to May this year and typically expect further increases during the tax time period,” Ms Anderson said.

  • Penalty Rates Decision Welcomed

    Today’s transitional arrangement decision by the Fair Work Commission (FWC) is a good outcome for Australia’s SME’s.

    The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell says the FWC’s decision to reduce Sunday and public holiday penalty rates in the retail, hospitality, fast food and pharmacy sectors is fair.

    “This is a justified decision, backed by plenty of evidence from the final penalty rates decision report. Finally small business and family enterprise owners across Australia will have a chance to compete with big business,” Ms Carnell said.

  • April retail trade continues streak to 30 months

    Tasmanian retail trade figures have continued their marvellous month-on-month growth to register an unprecedented 30 consecutive months of growth.

    This is great news for the Tasmanian economy, which has seen renewed business and consumer confidence under the Hodgman Liberal Government - rated the best State Government in Australia in terms of its policies that support small business (ref Sensis Business Index).

  • Japan Airlines introduces direct flights from Melbourne to Tokyo

    Japan Airlines has announced daily direct flights between Melbourne and Tokyo from September boosting the number of seats on this popular route.

    The addition means that 31 international airlines will soon be flying in and out of Melbourne Airport, including direct flights to Colombo on SriLankan Airlines from October.

  • KPMG Quarterly Superannuation Update


    Thank you for the invitation to today’s lunch.

    This event is always a great opportunity to update you as some of our most important stakeholders about what is happening in the industry.

    Since I spoke here last year there have been a lot of policy changes and ongoing conversations about the superannuation industry and its central role in people’s futures.

    Session Outline

  • Scam targets migrants

    The ACCC is warning migrants to watch out for scammers pretending to be from government agencies including the Department Foreign Affairs and Trade (DFAT) in a new scam targeting recent travellers.

    Scammers are calling migrants, claiming to be from DFAT and the Department of Immigration, and alleging that they have given false information on their visa documents or departure documents when they recently returned home to Australia. The victim is told to hand themselves into police, or pay almost $1000 via wire transfer through Western Union to stay in Australia, or face deportation.

  • ACCC takes action against Geowash car wash franchisor

    The Australian Competition and Consumer Commission has applied to the Federal Court for leave to commence proceedings against Geowash Pty Ltd (subject to deed of company arrangement) (Geowash), a national car wash franchisor that has been marketing and selling hand car wash franchises since 2013. 

    The ACCC proceedings will allege that Geowash made false or misleading representations and engaged in unconscionable conduct in breach of the Australian Consumer Law, and also failed to comply with the good faith obligation which is contained in the Franchising Code of Conduct. 

  • ACCC releases electricity inquiry issues paper

    The Australian Competition and Consumer Commission has today released an issues paper for its inquiry into retail electricity supply and prices in Queensland, NSW, Victoria, South Australia, Tasmania, and the ACT. The ACCC is seeking submissions by the end of June from interested parties.

    The paper sets out the key issues that the ACCC will focus on during its inquiry, including:

  • Court orders Acquire to pay $4.5 million penalty

    The Federal Court has ordered Acquire Learning and Careers Pty Ltd (Acquire) to pay penalties of $4.5 million for engaging in unconscionable conduct, making false or misleading representations and breaching the unsolicited consumer agreements provisions in the Australian Consumer Law (ACL). 

  • ACCC appeals Yazaki Corporation penalty decision

    The Australian Competition and Consumer Commission has appealed the recent decision of the Federal Court imposing a penalty of $9.5 million against Japanese company Yazaki Corporation (Yazaki) for collusive conduct.

    “The ACCC submitted to the Court that Yazaki should be ordered to pay a penalty of between $42 million and $55 million, to reflect both the size of Yazaki’s operations and the very serious nature of its collusive conduct,” ACCC Chairman Rod Sims said.

  • ACCC takes action against NIB

    The ACCC has instituted proceedings in the Federal Court against NIB Health Funds Limited (NIB), alleging it contravened the Australian Consumer Law by engaging in misleading or deceptive conduct, unconscionable conduct and making false or misleading representations.

    The ACCC alleges that NIB failed to notify members in advance of its decision to remove certain eye procedures from its “MediGap Scheme” (MediGap Change) in 2015.

    Under the MediGap Scheme, members had previously been able to obtain these eye procedures without facing out-of-pocket costs when doctors participated in the scheme.

  • The NSW Government will begin removing all five nets from the North Coast shark net trial.

    The decision to end the North Coast shark net trial two weeks earlier than planned follows an increase in whale sightings along the NSW coastline.

    The Department of Primary Industries will begin deploying an additional 10 SMART drumlines, bringing the total number of SMART drumlines to 35 on the North Coast.

    Early results from the shark net trial revealed more target sharks were caught using SMART drumlines, compared to nets.

  • ATO provides certainty on tax treatment for those affected by recent payroll company issues

    Today the ATO has issued initial guidance to assist taxpayers who may have been affected by the alleged actions of payroll services companies currently under the joint AFP and ATO investigation, Operation Elbrus.

    We hope this general advice will provide certainty to workers and employers who have used the services of payroll company Plutus Payroll Australia Pty Ltd and associated entities and may be seeking guidance regarding PAYGW status, to ensure their tax obligations are met.

    Advice for workers

  • Industry code good first step but more needs to be done

    Large businesses are finally taking steps to assist their small business suppliers as over 30 companies sign a voluntary code which aims to pay small business within 30 days.

    The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell says her office’s Inquiry into Payment Times and Practices paved the way for large companies to review poor business behaviour.

    “We’re pleased to see the Business Council of Australia leading this initiative to improve payment times for small business. However we have concerns the Australian Supplier Payment Code may not tackle the issue of unreasonable payment times,” Ms Carnell said.

  • Melbourne attracts C2 business conference in world first

    In a world first, Melbourne has secured the major business event C2, in a move bolstering the city's already packed business events calendar.

    After six successful editions, the event is now going global.  Melbourne is the only city in the world outside of Montreal to host the event.

    Over two days from 30 November to 1 December 2017, C2 Melbourne will bring together business and creativity to explore trends, opportunities, and discussing future industry shifts and disruptions.

    The event aims to assist attendees identify creative solutions to commercial and social challenges in a unique environment.

  • BioPen draws stem cells to make 3D-printed knee cartilage

    Melbourne surgeons have developed a 3D printer pen filled with stem cell ink to inject new cartilage into damaged knees, paving the way for other body part replacement treatment.

    The Biopen has been developed by Melbourne surgeons to repair damaged cartilage in the knees of six sheep in injuries similar to those sustained by footballers and netballers.

    After a short rehabilitation, the sheep were all able to bear weight and regrow cartilage far stronger than "repair cartilage" found after existing treatments.

  • ACCC finalises regulation of non-NBN high-speed internet services

    The Australian Competition and Consumer Commission has finalised its decision on the regulation of high-speed internet services supplied by non-NBN fixed line networks.

    The networks largely supply high-speed internet services in new housing estates and apartment buildings in central city locations. In many areas they supply internet services where the NBN does not offer services and provide customers in these areas with a limited choice of retailers of internet services.

    The major providers of these services are Telstra (South Brisbane and Velocity Estates fibre networks), TPG, Vocus, LBN Co, Opticomm, and OPENetworks.

  • Sa/Nt Agricultural Industry To Benefit From Road Upgrade And Access Improvements

    Triple road trains and other combinations up to 53.5 metres long, will soon have access to a decoupling facility, including a livestock transfer tower, on Yorkeys Crossing Road.

    This will increase productivity for livestock transport operators and assist the flow of cattle between South Australia and the Northern Territory.

    The intersection at Yorkeys Crossing Road and the Stuart Highway, north of Port Augusta, will be upgraded to allow access to the decoupling yard which is part of the nearby IOR Petroleum facility.

  • Statement on Lindt Café siege inquest

    Two innocent people lost their lives in the terrible events of the Lindt Café siege in December 2014. Tori Johnson and Katrina Dawson will never be forgotten. Our thoughts are with their families and loved ones today.

    We will also never forget the ordeal suffered by the surviving hostages.

    I acknowledge the bravery of the police and first responders who put their lives on the line during this act of terror.

    The people of NSW were devastated by the events of 15 and 16 December 2014. The outpouring of grief that saw a sea of flowers grow in Martin Place is still palpable.

  • Flood assistance for the North Coast

    Disaster assistance is available for North Coast communities affected by flooding.

    Natural Disaster Relief and Recovery Arrangements (NDRRA) is providing assistance to the local government areas of:

    • Ballina
    • Byron
    • Kyogle
    • Lismore
    • Richmond Valley
    • Tweed.

    The assistance includes:

  • Tourism Tracer building visitor insights faster

    Tasmania’s tourism industry is booming with 1.2 million visitors and $2 billion in spending driving growth right across the state, including in the regions.

    Stage two of the Tourism Tracer Dashboard launched today, is an innovative research tool to help us gain a better insight into visitors and what they like - faster.

    The Dashboard provides online access to data collected via smart phones used by visitors as part of the Tourist Tracking Project.

    The smart phones send GPS data (and other information captured through pop-up surveys) directly to the Dashboard.

  • Australia leads in renewable energy investment

    Australia has jumped up the global renewable energy rankings following investment of more than A$7.5 billion in wind, solar and rooftop installations over the past year.

    Australia is now placed at five on Ernst & Young's Renewable Energy Attractiveness Index up from eleven recorded in October last year.

  • West Basin renewal continues with funding for second stage

    Joint media release: Chief Minister Andrew Barr MLA and Mick Gentleman MLA

    The renewal of the West Basin precinct to make it a better place for Canberrans will continue with the ACT Government investing in stage 2 of the boardwalk and parkland upgrades as part of the upcoming ACT Budget 2017-18.

    The continuation of stage two of the West Basin boardwalk project confirms the ACT Government’s commitment to connecting the city to the lake. With stage one of the boardwalk complete and work about to begin on the new Point Park, the area is set to become one of the best places for Canberrans to enjoy Lake Burley Griffin close to the CBD.