THE Australian Securities and Investments Commission (ASIC) will appear before the Parliamentary Joint Committee on Corporations and Financial Services at a public hearing in Sydney on Tuesday, November 19, 2019.

The committee will hold two hearings. First, the committee will review the performance and operations of the corporate regulator, following on from the first ASIC oversight hearing on Friday, September 13, 2019.

Second, ASIC will give evidence to the committee for its inquiry into the regulation of auditing in Australia.

Public hearing details
Date:  Tuesday, 19 November 2019
Time:  9am to 12pm (ASIC Oversight), 1pm to 4.30pm (Regulation of auditing)
Location: Portside Room, Portside Centre Sydney, Level 5, 207 Kent St, Sydney NSW 2000.

The hearing will be broadcast live at aph.gov.au/live.

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THE Queensland Resources Council (QRC) has welcomed the Australian Government’s announcement of new finance pathways for critical minerals projects, along with a special project facilitation office.

QRC chief executive Ian Macfarlane will join Resources Minister Matt Canavan’s Australian critical minerals delegation to Washington next week to further develop the US-Australia trading partnership.

“Queensland will be at the forefront of the development of Australia’s critical minerals,” Mr Macfarlane said.

“This emerging part of the resources sector will play a strategic role for Australia in terms of defence industries, manufacturing, trade and regional development.

“Our rich resources state of Queensland has significant reserves of key critical minerals including battery-related minerals," he said.

“We have 13 percent of Australia’s economic demonstrated resources of copper, 3 percent of nickel, 6 percent of zinc, 18 percent of graphite, along with 70 percent of molybdenum and significant identified deposits of cobalt, rhenium, scandium, tantalum, niobium, lithium, rare earths and vanadium.

“What’s more, the resources are identified thanks in large part to the $100 million Exploring for the Future program, which will make the area between Tennant Creek and Mount Isa one of the best mapped parts of Earth," Mr Macfarlane said.

“New investments will also mean new jobs and opportunities for regional Queensland. Our resources sector is already a powerhouse of the Queensland economy, making up one in every five dollars and one in every seven jobs.

“New investments in critical minerals will add to the jobs and possibilities in our world-leading coal, gas and metals sectors. QRC is particularly focussed on ensuring the best planning and development of the critical minerals supply chain," he said.

“This should include investments in transport infrastructure, as well as opportunities for processing and value adding of critical minerals within Queensland.

“QRC welcomes the opportunity to further discuss these issues and ways to strengthen global markets for Queensland commodities during the Australian trade delegation to the United States," Mr Macfarlane said.

“QRC also looks forward to working with the Queensland Government on the development of the North West Minerals Province, which will be a hub for the state’s critical minerals industry.”

www.qrc.org.au

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THE Joint Committee of Public Accounts and Audit will hold its first public hearing in Canberra on Friday, November 15, 2019 as part of the Inquiry into the Efficiency and Effectiveness of a number of government programs and initiatives as contained in the below Auditor-General’s Reports:

• No. 25 (2018-19) Efficiency of the Processing of Applications for Citizenship by Conferral

• No. 29 (2018–19) Efficiency of the Investigation of Transport Accidents and Safety Occurrences

• No. 38 (2018–19) Application of Cost Recovery Principles

No. 42 (2018-19) Management of Small Business Tax Debt

No. 44 (2018–19) Effectiveness of the Export Finance and Insurance Corporation

No. 45 (2018–19) Coordination and Targeting of Domestic Violence Funding and Actions

No. 51 (2019–19) Farm Management Deposits Scheme

The public hearing program and further information about the inquiry is available on the committee’s website.

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EMPLOYERS are being urged to plan ahead for the 2020 flu season and offer their staff flu vaccinations to reduce sick days and boost productivity, following this year’s record-breaking flu season which resulted in about 812 deaths and 298,120 Australians diagnosed with influenza.

TerryWhite Chemmart CEO Duncan Phillips said absenteeism was currently costing Australian businesses about $33 billion every year, underscoring the results of a 2017 survey where 84 per cent of organisations said reducing absenteeism was a focus for their business.

“Influenza is a major cause of absenteeism and failure to take action can impact your employees’ health and that of your bottom line,” Mr Phillips said. “In 2018, there were 58, 570 confirmed laboratory notifications of influenza in Australia. This year has seen a 408 percent increase in confirmed laboratory notifications making it officially the worst season on record.”

In response to this ongoing cost to business, Mr Phillips said health and wellness programs were becoming more popular, with more than two in five Australian workers (43%) inow being offered a wellbeing program through their workplace.

“Organisations should plan ahead for their wellness programs to support preventative health, reduce the potential for absenteeism and boost worker engagement and productivity,” Mr Phillips said.

“Flu vaccination programs are the most commonly offered workplace health initiatives, with 70 per cent of companies offering programs onsite for employees and 30 per centvii subsidising employees to receive a vaccination offsite.

“At TerryWhite Chemmart, we offer a Corporate Flu Vaccination program that has received very positive client feedback. Employers – who provide flu vaccinations to staff through our electronic voucher system – appreciate how simple and easy the service is. Staff can book in a flu vaccination at any time that is convenient to them during the flu season at one of our participating pharmacies.

“By offering flu vaccinations through a health and wellness program, businesses can positively impact their employees’ health and help reduce absenteeism. Healthy employees not only live better lives, but they also help boost the working lives of their colleagues and help to deliver better work outcomes,” Mr Phillips said.

TerryWhite Chemmart professional practice manager Chris Campbell said the best prevention against the flu was an annual flu vaccination, as flu strains evolved constantly.

“The influenza virus can easily spread from person to person, with infected patients contagious 24 hours before the presentation of symptoms and infectious for up to a week after the onset of symptoms. Flu symptoms usually include a sore throat, runny nose, headache, fever and coughing,” he said.

“The highly infectious nature of the virus means it can have a massive impact on the workplace, with the virus circulating quickly between co-workers and even onward to their family or friends.”

Under the TerryWhite Chemmart Corporate Flu Vaccination program, corporate partners receive coded flu vaccination vouchers to distribute to their employees, with employers only paying for vouchers redeemed. Employees simply book their appointment online at www.terrywhitechemmart.com.au/flu and enter their unique code to receive the vaccination at a time and location convenient to them at participating pharmacies.

TerryWhite Chemmart’s professionally trained pharmacists will administer the quadrivalent flu vaccination, which helps to protect employees against four strains of influenza. The flu vaccination service is completed within minutes in a private consultation space.

https://www.terrywhitechemmart.com.au/corporateflu/

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