VECCI Chief Executive Mark Stone said - VECCI welcomes the Commonwealth Government’s announcement of a further $305 million, in addition to the $2.1 billion previously announced, in net red tape reduction measures that will be of great benefit to Victorian business.

Mr Stone said highlights for business include:

• Improvements to the ATO website, estimated to benefit six million Australians who will be able to find relevant tax information more quickly.
• Implementing easier monthly Pay As You Go (PAYG) tax instalments for certain businesses, meaning participants will only need to calculate their actual instalment income on a quarterly basis.
• Lowering the amount of surplus capital that private health insurers need to maintain and simplifying their reporting requirements.
• Reducing duplicate assessments for Australian manufactured medical devices, putting Australian manufacturers on an equal footing with their overseas competitors regarding regulatory assessment requirements.

"VECCI also welcomes the Commonwealth Government’s efforts to measure, and report to Parliament, the total cost of federal regulations, estimated at $65 billion per annum," Mr Stone said. "This portfolio by portfolio stocktake highlights key regulatory hotspots and can be used to target future deregulatory reforms.

"VECCI recognises that well-designed regulation is beneficial for business and the wider community because it improves economic stability, provides operational certainty and increases consumer confidence.

"However, because regulations affect all facets of business, including inputs, prices, and output, unnecessary, complex and poorly designed regulations also constrain the ability of business to provide the best product or service at the lowest cost.

"VECCI has been a consistent supporter of the Commonwealth Government’s repeal agenda and applauds the priority given to red tape reform.

The Victorian Employers' Chamber of Commerce and Industry (VECCI) is the most influential business organisation in Victoria, informing and servicing more than 15,000 members, customers and clients around the state.

vecci.org.au  

CHANNELADVISOR Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and manufacturers to increase global sales, today announced that Google and Alipay will present keynote sessions at Insite Melbourne 2015.

Taking place at the Grand Hyatt Melbourne on 19 March 2015, Insite will offer online retailers exclusive access to the industry leaders that are shaping the e-commerce landscape.

Dileep Kannan, Google Shopping lead at Google Australia, and Steve Chen, country manager of Australia and New Zealand at Alipay, will each present keynote sessions during this year’s Insite event.

Last year saw Google’s mandatory transition from Product Listing Ad (PLA) campaigns to the recently released Shopping campaigns format. Kannan’s presentation, titled “Winning in Google Shopping,” will help retailers navigate this changing Google Shopping landscape.

“The shopper journey has changed in recent years, and increasingly, we’re seeing local retail converge with online shopping,” said Kannan. “I’m excited to speak at Insite and share how Google is helping retailers change the way consumers interact with their products and discuss strategies for success using Google Shopping."

Alipay, a subsidiary of Ant Financial Services Group, is the most widely used third-party online payment platform in China, with more than 300 million registered users and 80 million transactions daily.

According to Alipay’s most recent annual spending report, the availability of online-payment services has played a major role in making goods and services widely accessible in China.[2]

In his presentation, titled Accessing China’s Mobile Consumer: Alipay as the Cross-Border Payment Solution, Chen will explain how Ant Financial uses big data and cloud technologies to create a hassle-free payment solution.

“Borders are breaking down, and there’s a wealth of opportunity for retailers to expand their businesses into new regions,” said Chen. “At Insite, my presentation will focus on the future of online payment methods and detail the ways that retailers can reach China’s mobile consumer base."

“Insite Melbourne provides unparalleled content and networking opportunities from some of the biggest names in the e-commerce space,” said Mark Gray, managing director, APAC, at ChannelAdvisor. “The theme of this year’s Insite is ‘E-Commerce Advanced,’ and Dileep Kannan and Steve Chen are ideal speakers to address online retailers ready to take their businesses to the next level.”

Insite Melbourne 2015 will be held at the Grand Hyatt Melbourne on Thursday, 19 March. For more information and to register for Insite Melbourne 2015, please visit www.channeladvisor.com.au/insitemel.

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About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based e-commerce solutions that enable retailers and manufacturers to integrate, manage and optimise their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Facebook and more. Through automation, analytics and optimisation, ChannelAdvisor customers can leverage a single inventory feed to more efficiently list and advertise products online, and connect with shoppers to increase sales. Billions of dollars in merchandise value are driven through ChannelAdvisor’s platform every year, and thousands of customers use ChannelAdvisor’s solutions to help grow their businesses.

For more information, visit www.channeladvisor.com.au.

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The House of Representatives Agriculture and Industry Committee will conduct a public hearing tomorrow, Thursday, 19 March 2015, for the inquiry into circumvention of anti-dumping laws.

Appearing at the hearing for the inquiry will be the Australian Forest Products Association and two major Australian steel producers.

The hearing will be held in Committee Room 1R1, Parliament House, Canberra:
 
Thursday, 19 March 2015
12.15 pm Australian Forest Products Association
12.45 pm BlueScope Steel
1.15 pm Arrium (OneSteel)
1.45 pm Close

The public hearing will be webcast live at: http://www.aph.gov.au/News_and_Events/Watch_Parliament

Further details about the inquiry, including submissions received and the terms of reference, can be obtained from the Committee’s website at: www.aph.gov.au/agind

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THE Chairman and other Executive Members of the Australian Prudential Regulation Authority (APRA) will appear before the House Economics Committee this coming Friday 20 March 2015 in Parliament House, Canberra.

The Chair of the committee, John Alexander OAM MP said, "We are looking forward to continuing our scrutiny of APRA on important issues in prudential regulation including governance and accountability in the superannuation industry, the resilience of the banking sector to possible global shocks, the implications of new capital requirements for banks, and property lending standards."

Mr Alexander also commented that the potential implications for APRA of some of the recent Financial System Inquiry recommendations, if adopted by Government, were of interest to the committee.

Public Hearing Details

Committee: House of Representatives Economics Committee
Venue: Committee Room 2R1, Parliament House, Canberra
Date: Friday, 20 March 2015
Time: 9.30am to 12.30pm
Webcast: The hearing will be webcast live on www.aph.gov.au/live

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