Business News Releases

All aboard for hydrogen

THE House Infrastructure, Transport and Cities Committee inquiry into automated mass transit is shifting into turbo, with a hearing next week to investigate the potential convergence of new energy sources and automation.

Committee chair John Alexander said the Committee has seen at first hand the possibilities for the automation of public transport and the use of hydrogen fuel cells to power vehicles.

"The potential for cleaner, greener, more efficient transport systems is immense," Mr Alexander said.

"Automated high speed rail has the potential to revolutionise inter-city transport, creating a new pattern of settlement around Australia."

The committee will hear evidence from Hydrogen Mobility Australia, the Federal Chamber of Automotive Industries and the Australasian Railway Association at a public hearing on Tuesday.

In a submission to the inquiry, Hydrogen Mobility Australia noted that automation, connectivity and electric drivetrains are "inextricably linked in that they are complementary technologies". The Federal Chamber of Automotive Industries have added that hydrogen fuel cell development is taking place globally for a range of vehicle types including buses, trains, heavy trucks, material handling vehicles, as well as conventional motor vehicles.

In its submission to the inquiry, the Australasian Railway Association noted that greater use of automation will assist passenger and freight rail operators to increase their capacity.

Public hearing details: 5pm – 6.30pm, Tuesday, 19 February 2019 Committee Room 1R2, Parliament House, Canberra.

5pm: Hydrogen Mobility Australia and Federal Chamber of Automotive Industries

5.40pm: Australasian Railway Association

6.30pm: Close

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

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Public Accounts Committee commences cyber inquiry

THE Joint Committee of Public Accounts and Audit has commenced a new inquiry into cyber resilience, based on Auditor-General’s Report No. 53 (2017-18), Cyber Resilience.

Committee chair Senator Dean Smith said the cyber resilience of Commonwealth agencies continues to be a key focus of the Joint Committee for Public Accounts and Audit.

“Effective implementation of a comprehensive cyber security framework across Commonwealth agencies is critical to protect Australians’ privacy and Australia’s social, economic and national security interests from emerging cyber threats,” Senator Smith said.

The Committee invites submissions to the inquiry by March 4, 2019, addressing the terms of reference. A public hearing will be held in mid March.

Further information about the inquiry can be accessed via the Committee’s website.

The JCPAA is Parliament’s joint public administration committee. It scrutinises the governance, performance and accountability of Commonwealth agencies, and has the power to inquire into all expenditure of Commonwealth money.

The Committee examines all reports of the Auditor-General tabled in the Parliament and can inquire into any items, matters or circumstances connected with these reports.

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Report on Austrade and foreign direct investment

THE Joint Standing Committee on Trade and Investment Growth today released its report on Austrade’s role in attracting investment into Australia.

“Foreign direct investment is crucial to the prosperity and competitiveness of the Australian economy," committee chair Ken O’Dowd said.

“The economies that Australia is drawing investment from are shifting from the traditional North American, European and Japanese markets to high-growth and emerging markets in Asia and the Middle East.” Mr O’Dowd said.

“Austrade plays a vital role in promoting to these markets and helping to facilitate direct investment into Australian industries.”

The committee analysed Austrade’s activities and its current business improvement agenda, while hearing from interested industry and government stakeholders, and identified four recommendations  to help Austrade improve  collaboration, project identification, and data and business improvement priorities.

“Austrade is held in high regard by the industries it promotes, the governments it collaborates with, and the investors it assists," Mr O'Dowd said.

"However, the committee believes that the recommendations in this report will aid Austrade in increasing collaboration with state, territory and local governments, with an emphasis on regional development, as well as help Austrade manage and measure its business improvement agenda.” Mr O’Dowd said.

 

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Over 70 new Glencore apprentices get ready for work in Queensland

IN A HUGE BOOST to regional employment, Glencore has increased its apprenticeship intake by 74 in Queensland and 112 across its Australian mining operations, according to the Queensland Resources Council (QRC).

QRC chief executive Ian Macfarlane said this cohort of young women and men were embarking on a long and rewarding career in the resources sector.

“I congratulate Glencore for this significant increase in apprenticeship numbers which will bring life changing opportunities to these young apprentices,” Mr Macfarlane said.

“For example, Casten Lemson, who grew up in Charters Towers and moved to Mount Isa to complete Mount Isa Mines’ Indigenous Employment Program is now an apprentice diesel fitter with the company.

"Over 12 months the resources sector has created a job every 40 minutes which is helping drive down the state’s stubbornly high unemployment rate which is above 6 percent.

“When resources are doing well Queensland is doing well and this announcement is further proof of the sector creating more jobs," Mr Macfarlane said.

“These apprentices will also contribute to the billions of dollars paid in royalty taxes by the resources sector to the State Government to help pay for new schools, hospitals and roads. This year the State Budget is expected to receive $5.2 billion in royalty taxes from the resources sector."

In total, Glencore has 362 young men and women as apprentices based in regional communities throughout Australia.

www.qrc.org.au

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QRC congratulates Peabody Australia on rehabilitation milestone

QUEENSLAND Resources Council chief executive, Ian Macfarlane, has applauded Peabody Australia’s environmental credentials after the company received certification from the Queensland Government for the rehabilitation of close to 90 hectares (86.67ha) of land at its former Wilkie Creek mine northwest of Dalby.

“It’s another clear and practical example of Peabody’s commitment to the environment and the sustainability of mining in regional Queensland,” Mr Macfarlane said.

“I congratulate Peabody and their rehabilitation team on this significant recognition from the government.

“Queensland’s resources industry adheres to world-class environmental standards with a strong focus on the rehabilitation of land post mining. This commitment is delivered through the resources industry’s close and productive partnerships with other land users and local communities.”

www.qrc.org.au

About the QRC

QRC is the peak representative body for Queensland‘s resource sector. The Queensland resources sector provides one in every five dollars in the Queensland economy, sustains one in eight Queensland jobs, and supports more than 15,400 businesses and community organisations across the State, all from 0.1 percent of Queensland’s land mass.

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