Sunday, 21 January 2018 Sydney

Invest In Australia News::

  • Fuel price data can benefit motorists and retailers

    Speaking at the Asia Pacific Fuel Industry Forum today, ACCC Chairman Rod Sims outlined how fuel price data from websites and apps empower price-sensitive consumers. The industry can then attract these consumers through discounts to increase their sales.

    Since 2016 fuel price data has been readily available to motorists from an increasing number of websites and apps. These include the NSW FuelCheck scheme, the GasBuddy app, the NRMA app and the 7-Eleven app. This information assists consumers find the best time to buy at sites with the lowest prices.

  • Fish Processor Caught Out For Dishonest Reporting

    A Port Lincoln fish processor has been found guilty of purchasing illegally caught fish and deliberately falsifying records to conceal the transaction.

    In October 2013, Jarn Jamison of Seapac Seafoods Pty Ltd and retail arm Austar Seafood Warehouse Pty Ltd, purchased 138kg of Gummy Shark from commercial marine scale fisher Glen Tonkin (who was not licensed to catch the species) and recorded the purchase as a shark species of less value.

  • More housing for the vulnerable

    The second stage of the Social and Affordable Housing Fund will deliver 1200 new houses across NSW.

    In March 2017, as part of stage one, five partners from the private and not-for-profit sectorswere selected to deliver 2200 homes in metropolitan and regional NSW.

    The second stage will provide more homes to those in need of social housing and ensure residents are connected to transport, jobs, education and tailored support services.

  • Re: Unique identification number for company directors

    Comments attributable to Kate Carnell

    Australian Small Business and Family Enterprise Ombudsman


    “We support a unique identifier that will enable identification of rogue directors to ensure they can’t be involved in multiple instances of phoenixing.


    “Phoenixing hurts small business. When companies phoenix it’s usually the subcontractors and small businesses who suffer; they’re the ones who aren’t paid.


  • New Payment System To Make Life Easier For TAC Clients

    The Andrews Labor Government has launched a new payment system that will transform the way Victorian medical and health practitioners transact with the Transport Accident Commission (TAC) and improve care for Victorians.

    The new payment platform, LanternPay, will save TAC service providers’ time and money, allowing them to focus on helping their patients get better.

    Minister for Finance Robin Scott today joined physiotherapist Mark Round to launch LanternPay, which moves the TAC from a paper-based to a digital payment process.

  • Victorian Manufacturing Blasts Into A New Era

    Victorian university students have launched manufacturing into the Space Age using revolutionary 3D printing technology to design, build and test a world-first rocket engine.

    Minister for Industry and Employment Wade Noonan today met PhD students at the Woodside Innovation Centre at Monash University to get a first-hand look at the Aerospike Rocket Engine.

    The Aerospike Rocket Engine project brings together local researchers working in aerodynamics and combustion and experts from Amaero Additive Manufacturing.

  • Don't gift a scammer iTunes cards

    The ACCC is warning people to be on the lookout for scammers who are trying to con their victims into paying for scams with Apple iTunes gift cards.

    During 2017 to date, reports to the ACCC’s Scamwatch show 1236 people lost nearly $540,000 to scammers using gift cards as payments.

    This is a growing trend: in the 2015-16 financial year losses were about $480,000.

    “Scammers are increasingly getting their victims to pay with iTunes gift cards as they can quickly on-sell them and pocket the money,” ACCC Deputy Chair Delia Rickard said.

  • Tasmania leads in July retail trade growth

    Today’s ABS Stats show that Tasmania had the best growth rate in the nation for retail trade in July, up 0.5 per cent from June.

    For the year to July 2017 Tasmanian retail trade experienced growth of 4.3 per cent in trend terms, making us the second highest ranking state in terms of yearly growth, behind only Victoria.

    The July statistics also confirm 33 consecutive months of growth in the retail sector, and 14 months of growth above $500 million, with a nominal value of $523.4 million.

  • Woolmers Visitor Centre development to drive tourism

    Woolmers Estate is one of Tasmania’s most unique and remarkable cultural heritage assets and it was my pleasure today to hand over the final instalment of State Government funding for the Woolmers Visitor Centre redevelopment.

    The development has produced a contemporary multi-purpose visitor centre that will serve as the gateway to the Brickendon and Woolmers Estates World Heritage Site.

    Tourism in Tasmania is booming and we want to continue the momentum and attract even more people to our state, which is why we actively supported this development and committed $1.75 million to the project prior to the 2014 election.

  • Upgrading West Coast Walking Infrastructure

    West Coasters will be able to step a little easier with new grants to help the local council to upgrade walking infrastructure at Queenstown and Strahan.

    The Hodgman Liberal Government’s Community Infrastructure Fund (CIF) is all about helping local communities around Tasmania to meet their infrastructure needs.

    Today, I am pleased to announce two major CIF grants to the West Coast Council.

    Funding of $91,750 will assist in reconstructing a footpath on the south-western side of Penghana Road at the main entry into Queenstown.

  • Agricultural Teacher Named State Rural Ambassador

    An agricultural teacher from Orroroo in the Southern Flinders Ranges has been announced as the winner of the 2017 State Rural Ambassador Award – as the awards program reaches its milestone 20th anniversary.

    Sarah Hazel, 26, representing the Northern Region was named winner at the State Rural Ambassador Awards dinner run by the SA Country Shows Association last night.

  • ACCC takes JJ Richards to court over alleged unfair contract terms

    The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court against JJ Richards & Sons Pty Ltd (JJ Richards) alleging that eight clauses in its standard form small business contract are void because they are unfair under the Australian Consumer Law (ACL).

    JJ Richards is one of the largest privately-owned waste management companies in Australia and provides recycling, sanitary, and green waste collection services.

    From 12 November 2016, the unfair contract terms provisions of the ACL were extended to cover standard form contracts involving small businesses.

  • Statement on Shamir matter

    The ATO investigates all allegations from employees and taxpayers of improper or illegal conduct in the course of administering the tax and super systems. We have an internal, independent team dedicated to investigating fraud cases and ensuring the ATO’s actions are appropriate, consistent with the law and principles of procedural fairness.

    We have a very strong culture of integrity in the ATO and our procedures, controls and monitoring systems work well. We have had an extremely low incidence of fraud, corruption or serious misconduct by ATO staff in the ATO’s history and it is a very rare thing for there to be any doubt about the honesty of the people in the ATO.

  • University of Melbourne again ranked as Australia’s top university

    The 2018 Times Higher Education: Top 1,000 Universities has once again ranked the University of Melbourne as number one in Australia, moving one spot up to 32nd in the world.

    A total of six Australian universities ranked in the top 100 universities worldwide, with Victoria’s Monash University placed at number four in Australia in equal 80th place. Victoria University, La Trobe University, RMIT University, Deakin University and Swinburne University all ranked in the top 500 in the world.

  • Social impact investment making a difference for vulnerable families

    Australia’s first social impact investment has now been helping vulnerable families reunite or stay safely together for four years.

    Premier Gladys Berejiklian said since the Newpin program began in 2013 it has restored 203 children in out-of-home care to their families and prevented children from 55 families from entering out-of-home care.

    Based on the fourth year results, investors in the bond will receive a 13.16 per cent return on investment.

    “These results are a great achievement and the NSW Government is pleased with the progress being made,” Ms Berejiklian said.

  • New Ombudsman for NSW

    NSW Premier Gladys Berejiklian today announced the Government has proposed the appointment of Michael Barnes as the NSW Ombudsman.

    Mr Barnes is currently the State Coroner of NSW, a role he commenced in 2014 following a career in law and academia stretching back to 1980. He recently handed down findings in the Inquest into the deaths arising from the Lindt Café siege.

    “Mr Barnes brings a wealth of experience and expertise to this important role,” Ms Berejiklian said.

    “I have every confidence that under his leadership, NSW Government agencies will continue to operate with fairness and transparency.”

  • Residents have their say on short-term letting

    Tuesday, September 5th, 2017

    An independent survey of strata owners, occupiers and investors within the City of Sydney shows most respondents support short-term letting of a residents’ own home, but oppose short-term letting as a full-time commercial operation.

    Commissioned by the City of Sydney, Woolcott Research and Engagement interviewed 1,001 people including apartment tenants (56%), owner-occupiers (38%) and investors (8%).

    The survey found:

  • Program to Encourage Better Businesses in our Forest Industry

    The Hodgman Liberal Government is committed to rebuilding Tasmania’s forest industry by encouraging new investment and jobs growth.

    Achieving best practice standards is challenging in any industry, but is particularly important in forestry where the community rightly expects businesses to operate safely and sustainably.

    The Forestry Better Business Program will help forest contractors by providing an efficient online tool to identify and maintain best practice standards.

  • ATO presentation: superannuation funds

    James O'Halloran, Deputy Commissioner, Superannuation

    Speech to The National Superannuation Conference

    Sydney, 24 - 25 August 2017

    1 Introduction

    I want to thank the Tax Institute for the opportunity to speak at this conference at such a significant time for superannuation advisers and the broader community.

    Through its members, the Tax Institute has greatly assisted the ATO in implementing a raft of super reforms in recent months.

  • VIP Sheds Pty Ltd breach the Australian Consumer Law

    An investigation conducted by Consumer, Building and Occupational Services (CBOS) has found that VIP Sheds Pty Ltd has committed offences under section 158(7) of the Australian Consumer Law (ACL), by wrongly accepting payment for goods and services, and failing to supply within an agreed or reasonable timeframe.

    The Director of Consumer Affairs has issued 31 Infringement Notices to the two former directors of VIP Sheds, Mr Carl Dobson and Mrs Cassandra Dobson, with a total value of $95 480 ($47 740 per director), in accordance with section 25 of the Australian Consumer Law (Tasmania) Act 2010.

  • New High Yield Oat Variety To Help Reduce Cholesterol

    Grain growers and consumers are set to benefit from a new local oat variety, Kowari, which will be available for seeding next year.


    A dwarf plant type, Kowari has been developed by the South Australian Research and Development Institute (SARDI), a division of Primary Industries and Regions SA, since 2003 as part of the National Oat Breeding Program.

    Kowari produces increased levels of beta glucan which helps to reduce blood cholesterol re-absorption. Furthermore, its high yielding potential and disease resistance promises to make it attractive to growers.

  • Open banking would improve access to finance for small business

    The Australian Small Business and Family Enterprise Ombudsman has welcomed government moves to reduce regulatory barriers to entry for new entrants to the banking system.

    Treasury is consulting on proposed changes to the Banking Act, which would allow use of the word “bank” by authorised deposit-taking institutions.

    Ombudsman Kate Carnell said this should improve access to finance for small business.

    “The power and control of the established banks remains a barrier for small businesses seeking capital to start or expand their operations,” Ms Carnell said.

  • ACCC won't oppose Tronox's proposed acquisition of Cristal's titanium dioxide business

    The Australian Competition and Consumer Commission has decided to not oppose the proposed acquisition by Tronox Limited of the titanium dioxide business of National Titanium Dioxide Company Limited (Cristal).

    Tronox and Cristal both produce titanium dioxide pigment in Australia, which is used as an additive in products such as paint, plastics, and ink to impart whiteness, provide opacity qualities, and protection by absorbing ultraviolet light. It is most commonly used in the production of coatings, largely for architectural and decorative purposes, as well as specialised coating applications such as in the automotive or marine industries.

  • Excessive payment surcharge ban

    From tomorrow, every business across Australia will be banned from charging customers excessive surcharges for using certain types of EFTPOS, Mastercard, Visa and American Express cards to make payments.

    The excessive surcharging ban has applied to large businesses since September last year and now extends to all businesses that are either based in Australia or use an Australian bank. The ban does not affect businesses that choose not to apply a surcharge to payments.