Business News Releases

QRC congratulates Peabody on 20-year milestone

THE Queensland Resources Council (QRC) has congratulated Peabody Australia after its central Queensland Coppabella Mine celebrated 20 years of operations "while supporting jobs and paying royalties to all Queenslanders".

QRC chief executive Ian Macfarlane said the Bowen Basin mine has been a significant economic contributor across the region producing around 65 million tonnes of pulverized coal injection (PCI) used in the production of steel.

“Mining is what makes our state great and Coppabella has been a major contributor to Queensland’s economy since it opened in 1998, last year it supported 435 jobs,” Mr Macfarlane said.

“Coppabella has exported coal to Japan, Korea and Taiwan paying royalties to the State Government which are used to build the schools and hospitals. That is good news for every town and community that relies on mining – from Mount Isa to Maroochydore. 

“The good news is, the resources industry is still creating jobs for people now, and for decades to come.

“Queensland would be an unimaginably different place without the huge scale of mining investment over the past 25 years and in the past 12 months the Queensland resources industry has added 10, 000 new jobs – or a new job every 40 minutes, invested $1 million every hour and exported $1 billion every week."

According to the QRC, the Queensland resources sector now provides one in every six dollars in the Queensland economy, sustains one in eight Queensland jobs, and supports more than 16,400 businesses across the State – all from 0.1 percent of Queensland's land mass.

www.qrc.org.au

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Mining inquiry heads to the Hunter Valley

THE Industry, Innovation, Science and Resources Committee will hold a public hearing in Singleton in the Hunter Valley on Monday, November 5, 2018 as part of its inquiry into mining sector support for regional businesses.

The Committee will meet with a diverse group of academics, community groups, local government members and business owners to discuss ways the mining industry can contribute more to the communities where resources are extracted. 

Mining company Glencore, which is headquartered in the Hunter Valley, will also give evidence.

“We’re heading into the final stages of the Inquiry, so we’re really going to be pushing for answers to the big questions that have come up,” said Committee Chair, Barnaby Joyce MP. 

“Questions around fair payment terms and contract provisions, local employment and apprenticeships, and whether mining companies are giving enough back to the regions.”

Public hearing details: 9:55am to 2pm, Monday, 5 November 2018, Singleton Diggers, York Street, Singleton.

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

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Small businesses impacted by Telstra EFT outage seek compensation

TELSTRA small business customers impacted by the national EFTPOS outage may be entitled to business loss compensation, according to the Telecommunications Industry Ombudsman.

The Ombudsman said small businesses "firstly need to attempt to have their issue addressed by Telstra".

If the matter remains unresolved, the small business can lodge a complaint with The Telecommunications Industry Ombudsman via phone 1800 062 058 or online at www.tio.com.au.

The Telecommunications Industry Ombudsman is a free and independent dispute resolution and complaint handling service for residential consumers and small businesses who have an unresolved complaint about their phone or internet service in Australia.

The Federal Government and the regulators set policy and regulations for the telecommunications sector. The telecommunications industry regulators are the Australian Communications and Media Authority (ACMA - http://www.acma.gov.au)  and the Australian Competition and Consumer Commission (ACCC - https://www.accc.gov.au).

 

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Small businesses impacted by Telstra EFT outage seek compensation

TELSTRA small business customers impacted by the national EFTPOS outage on Friday and Saturday may be entitled to business loss compensation, according to the Telecommunications Industry Ombudsman.

The Ombudsman said small businesses "firstly need to attempt to have their issue addressed by Telstra".

If the matter remains unresolved, the small business can lodge a complaint with The Telecommunications Industry Ombudsman via phone 1800 062 058 or online at www.tio.com.au.

The Telecommunications Industry Ombudsman is a free and independent dispute resolution and complaint handling service for residential consumers and small businesses who have an unresolved complaint about their phone or internet service in Australia.

The Federal Government and the regulators set policy and regulations for the telecommunications sector. The telecommunications industry regulators are the Australian Communications and Media Authority (ACMA - http://www.acma.gov.au)  and the Australian Competition and Consumer Commission (ACCC - https://www.accc.gov.au).

 

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ARA believes September trade provides strong preview for Christmas

THE Australian Retailers Association (ARA) believes September trade figures released today by the Australian Bureau of Statistics (ABS) represent a strong lead into Christmas with September seeing a 3.67 percent total year-on-year increase.

Russell Zimmerman, executive director of the ARA, said although September trade figures were slightly weaker than August trade, the 3.67 percent year-on-year growth is still a positive figure for the Australian retail industry. 

“Although September’s month-on-month figure isn’t as positive as we would have liked, we need to understand the year-on-year retail growth figure represents a better overview of the current state of Australian retail,” Russell Zimmerman said.

“The ARA know personal tax cuts play a big role in discretionary spend, and believe a second round of personal tax cuts before the next election would certainly boost consumer confidence, and see an increase in retail sales in the new year.”

Cafés, restaurants and takeaway services saw the strongest year-on-year growth at 4.75 percent as Australians saw the footy season come to an
end.

“As fashion is usually seasonally driven, we saw the Clothing, footwear and personal accessories category slow down, receiving a 2.89 percent year-on-year growth, compared to the 4.05 percent year-on-year growth received in August,” Mr Zimmerman said.

"While this is slightly lower than the previous three months, clothing remains strong and the ARA are hopeful of seeing an uptick in apparel and accessories retailing in the lead-up to summer.”

The ARA saw strong results for Other retailing (4.68%), Specialised food (6.29%), Supermarkets (4.16%), and Electrical goods (3.34%), but saw Department stores (-0.40%) drop off for the first time since April.

“Unfortunately, Other recreational goods remain in negative territory receiving -3.59 percent year-on-year growth, while Newspapers and books received -5.35 percent year-on-year growth – it’s 15th negative figure in a row,” Mr Zimmerman said.

Across the country Victoria (6.73%), led the nation in September trade, with Tasmania (6.13%), the Australian Capital Territory (4.12%), South Australia (3.72%) and New South Wales (3.10%) were not far behind. Queensland (2.44%) remained steady in August, while Western Australia (0.29%) recorded growth for the first time since April. Unfortunately, the Northern Territory (-0.19%) received negative figures for the first time since February.

“We’re hoping the Government pays attention to the fluctuating nature of retail and brings a second round of personal cuts to consumers before the election next year,” Mr Zimmerman said.

“We’re heading into Christmas and I know our members and retailers across the country would like to see more consumers out on their shopfloor, and increasing their basket size online this festive season.”

Monthly Retail Growth (August 2018 – September 2018 seasonally adjusted) 

Cafés, restaurants and takeaway food services (0.54 %) Food retailing (0.43%), Other retailing (0.05%), Household goods retailing (-0.02%), and Department stores (-0.02%) Clothing, footwear and personal accessory retailing (-1.18%),

Tasmania (0.75%), Victoria (0.72%), Queensland (0.40%), South Australia (0.34%), Western Australia (0.04%), the Australian Capital Territory (0.02%), New South Wales (-0.42%) and the Northern Territory (-0.92%).

Total sales (0.16%).

 

Year-on-Year Retail Growth (September 2017 – September 2018 seasonally adjusted)

Cafés, restaurants and takeaway food services (4.75%), Other retailing (4.68%), Food retailing (4.07%), Clothing, footwear and personal accessory retailing (2.89%), Household goods retailing (2.78%) and Department stores (-0.40%).

Victoria (6.73%), Tasmania (6.13%), the Australian Capital Territory (4.12%), South Australia (3.72%), New South Wales (3.10%), Queensland (2.44%), and Western Australia (0.29%), the Northern Territory (-0.19%).

Total sales (3.67%).

 

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is Australia’s largest retail association, representing the country’s $310 billion sector, which employs more than 1.2 million people. As Australia’s leading retail peak industry body, the ARA is a strong pro-active advocate for Australian retail and works to ensure retail success by informing, protecting, advocating, educating and saving money for its 7,500 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

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