THE Queensland Resources Council (QRC) has welcomed the announcement by Adani Chairman Gautam Adani to start construction on the company’s Carmichael coal mine in central Queensland in October.
Queensland Resources Council, Chief Executive, Ian Macfarlane said: "The decision comes at a time when parts of regional Queensland are experiencing high levels of unemployment and I congratulate Adani on its ongoing commitment to source contracts locally and the company’s leading diversity targets for indigenous employment and participation.
"Adani have had a clear objective on working with local suppliers to maximise the opportunities for regional Queensland right from day one.
"The first phase of construction will be the Carmichael mine camp with a first coal shipment target of March 2020. Once operational, the Galilee Basin mine will generate $185 million in royalties per annum, which at today’s coal prices would pay for 2,900 extra nurses or 3,350 extra police officers or 3,400 extra teachers.
"In addition, this mine will provide a reliable, high-energy, low-emission fuel and deliver electricity to some of the 300 million Indians without power."
VICTORIA’s population growth leads the country, with Melbourne having a population of 4.5 million in a total of 6 million. The key to liveability in the face of such rapid growth is better connectivity and environmental and social sustainability.
With this in mind, the Committee on Infrastructure, Transport and Cities will visit Melbourne as part of its inquiry into the Australian Government’s role in the development of cities. The Committee will inspect a number of environmentally and socially sustainable developments and speak to industry experts, businesses and academics about how population increases can be accommodated without impacting liveability.
Committee Chair, John Alexander OAM MP, said the inquiry has a dual focus on enhancing and adapting existing capital and regional cities, as well as investigating the possible benefits of developing new regional centres.
“We are looking at how we can rebalance our population between major cities and regional areas,” said Mr Alexander.
“This may involve improving the infrastructure and connectivity of existing regional centres to entice people away from capital cities like Melbourne. Or it may be that developing brand new regional centres offers greater opportunity to accommodate a larger Australia in a sustainable manner.
“We’re examining opportunities for the Commonwealth Government to provide leadership in this area.”
Professor Peter Newton of Swinburne University suggested that population decentralisation is unlikely to succeed without better linkages between capital cities and regional centres.
“Traditional 20th century policies focussed on attempts to create new basic industries or relocate federal or state government offices will not succeed,” he submitted.
“Twenty-first century agglomeration economies favour large cities and will continue to do so until provincial cities become part of a functional mega-metropolitan region centres on a major capital city…”
Public hearing details: 9.00 am – 3.10 pm, Tuesday 29 August 2017, Room G3, Parliamentary Annex, Parliament of Victoria
THE Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has challenged banks to become leaders in ethical business practice.
Speaking at the National Small Business Summit in Melbourne, Ms Carnell said trust in banks had been eroded and must be restored.
In her speech, Ms Carnell also:
Welcomed the big-four banks’ commitment to eliminate unfair terms from small business contracts; and
Encouraged the growth of alternative lending to improve access to capital.
Corporate regulator ASIC confirmed this week that banks have agreed to implement fairer contracts for small business customers that include important protections.
Banks will no longer be able to unilaterally vary contracts, and unfair clauses such as the banks’ power to default or terminate a loan for an unspecified negative change in circumstances, have been removed.
Ms Carnell said compliance with unfair contract terms legislation and improvements to the banking code of practice had been key recommendations from her 2016 small business loans inquiry.
“Banks can no longer use their market power and their hundreds of lawyers to move all risk to the small business borrower,” she said.
“A fair contract is one where risk is shared and it is clear who bears what risk, and neither party has the power to change that balance unilaterally.
“Historically the banks have required small businesses to sign contracts that have given them the power to change the fundamentals of contracts, interest rates, the amount lent and repayment times, without the agreement of the other party.
“The agreement that ASIC and ASBFEO have reached with the big four banks has changed that.”
Ms Carnell called on the major banks to demonstrate industry leadership in embracing best practice.
“Hopefully this will set the tone for the rest of the financial services sector and their support to small business,” she said.
Ms Carnell repeated her call for the contract safeguards to apply to small business total loan facilities up to $5 million. The legislation requires compliance up to $1 million and the big four banks have agreed to $3 million.
“We’ll be talking to the government, opposition, crossbench MPs and the banks about raising the threshold to $5 million, which is appropriate for capital intensive small businesses and family enterprises such as farms,” she said.
Ms Carnell also endorsed efforts to increase competition in the financial services sector.
“Peter Costello was right when he said on the weekend that access to capital is too restrictive for business and that Australian bank business lending is negligible,” she said.
“Banks are geared towards residential property, which inflates the housing market at the cost of stifling small business investment
“Unless a small business has adequate property as security they have very limited access to finance through traditional banks.
“On a positive note, the alternative finance sector is growing and the government has indicated it wants to reduce barriers to entry.”
SYDNEY - Yesterday, 160 women in small business attended the first day of the AusMumpreneur Conference at Sydney’s State Library.
The two-day workshop and conference finishes this afternoon and is followed by the AusMumpreneur Awards which will take place tonight at Doltone House, Sydney. More than 660 000 Australian small business owners are women and over 330,000 are mothers in small business.
Peace Mitchell said, “We are so excited for the awards tonight! It’s our biggest awards ever with over $200 000 in prizes and 275 people from all over Australia going to attend. It’s going to be spectacular.”
Yesterday, mumpreneurs attended workshops with Catherine Langman from Productpreneur Marketing, Louise Marshall from Reckon, Karen McDermott from Serenity Press, Candice Meisels, a PR expert specialising in start-ups and affordable PR, Helen Butler, a professional organiser and Katrina McCarter from Marketing to Mums.
While the workshops were running, finalists met with judges for a series of interviews which will determine the winners of the prestige AusMumpreneur Awards.
On Thursday afternoon, each AusMumpreneur of the Year finalist presented to the audience and judges. Each finalist then had to answer questions from the judges and the audience.
Today, delegates will listen to:
Amy Taylor-Kabbaz from Happy Mama, Karen Gee, Jacinta McDonnell, Urban Yoga and The Human Kind Project, Emeli Paulo, Collective Potential, Rhian Allen, Healthy Mummy, Monique Filer, b.box, Mrinalini Chakrabarty, Google and Peace Mitchell and Katy Garner, the co-founders of the AusMumpreneur Network.
Some interesting statistics:
The AusMumpreneur Network is the number one network for Mums in Business across Australia, according to the Federal Productivity Report 2015.
There are currently 660 000 women in business in Australia. 330 000 are mumpreneurs.
Start Up Smarter Report 2016
About 70 percent of startup founders are aged between 30-40 and the number of female founders are on the rise predicted to increase to 31 percent of founders in 2017 from just 16 percent in 2014.
THE Australian Retailers Association (ARA) will be appearing in front of the Senate Education and Employment Committee today to discuss improving Enterprise Bargaining Agreements (EBA) for retailers in Melbourne today.
The ARA have put forward a submission to the Committee regarding to the Senate’s Penalty Rates inquiring to improve the flexibility of EBA’s and rectify the Better-Off Overall Test (BOOT).
ARA Executive Director Russell Zimmerman said the ARA strongly recommends a review of the BOOT as its current function discourages enterprise bargaining and creates uncertainty during the agreement approval process.
“The BOOT was implemented to provide a simple, flexible and fair framework that enables collective bargaining for enterprise agreements that deliver productivity benefits,” Mr Zimmerman said.
“We are highly concerned that the BOOT is failing to achieve its objectives, and believe it is essential that Fair Work take a more practical approach to its application which is more focused on efficiency.”
The ARA believe the application of the BOOT by the Fair Work Commission (FWC) is a primary reason for the retail bargaining decline.
“Retail employers filing enterprise agreements approved by an overwhelming majority of their workforce are being met with a demanding FWC process,” Mr Zimmerman said.
“This process appears to be directed towards rejecting enterprise level arrangements rather than approving them although employees are clearly better off.”
As retailers are continually facing a fluctuating trading environment, the ARA believe the FWC needs to re-evaluate the unnecessary complications surrounding the BOOT.
To view the ARA’s full submission to the Senate Standing Committees on Education and Employment, please click here.
About the Australian Retailers Association:
Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $310 billion sector, which employs more than 1.2 million people. The ARA 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.
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