Business News Releases

VECCI response to Victorian Labor’s 'Back to School' strategy

 

VECCI chief executive Mark Stone said VECCI welcomes the release of Victorian Labor’s “Back to School” plan for education and skills.

"The policy contains a number of initiatives consistent with Taking Care of Business, VECCI’s 2014 state election agenda, which will help Victoria’s education and training system meet the skills needs of Victoria’s service industries, emerging high growth sectors and industries undergoing change," Mr Stone said.

"Establishing 10 new technical schools will give many school students a head-start in gaining the skills needed for employment and we welcome the focus these schools will have on local industries.

"Technical schools have a vital role to play in providing students with industry experience through school based traineeships and apprenticeships. This training must be capable of evolving as the nature of industry and occupational requirements change," he said.

"The $320 million TAFE Rescue Fund needs to support system restructuring that is responsive to industry, rather than training providers. Sustainability will depend on the extent to which the TAFE sector can meet the training requirements of traditional goods producing industries, service industries and emerging high growth sectors.

"We welcome the commitment to tighten VET regulation to ensure the quality of qualifications; a move that will engender confidence in the system among all stakeholders.

"Increased funding for schools, including independent schools, is positive, however infrastructure alone will not improve student outcomes. Curriculum reform, school leadership and improvements in teacher training and assessment are also required.

"Labor’s promised VET funding review is timely and highly relevant to informing the future direction of skills reform, which must have as its objective the realisation of a significant improvement in training quality and responsiveness."

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

vecci.org.au

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Victoria’s business community shows resilience in the face of continued tough trading conditions

DESPITE challenging trading conditions, business sentiment for the Australian economy improved by four percentage points during the September 2014 quarter, while the Victorian economic outlook remained relatively stable, according to a leading business survey released this week.

The latest VECCI - Bank of Melbourne survey of business trends and prospects has shed further light on business sentiment and the challenges it anticipates in the year ahead.

The state-wide survey of more than 400 businesses, across seven major industry sectors, found that trading conditions remain positive over the quarter with a number of sectors reporting an improvement in sales, with further growth forecast into December.

However, trends in profitability and employment showed little improvement over the quarter, largely due to continuing increases in wages and other labour costs.

The survey found regional respondents were more likely to have experienced increased business costs and weaker profits than their metropolitan counterparts.

Looking at the performance of individual industries, the survey found that service sector exports, in industries like finance, property and business services, were relatively healthy over the quarter.

This relatively strong performance in part reflects the influence of the falling Australian dollar and strong efforts by business to develop new products and markets in the competitive global marketplace.

“While business prospects in the lead up to Christmas are positive, the fact remains that many small businesses continue to experience tough trading conditions,” said VECCI Chief Executive Mark Stone.

"In the lead up to the state election, both major parties must commit to measures that reduce costs for business and spur employment.”

VECCI & Bank of Melbourne partnership 

VECCI is pleased to partner with Bank of Melbourne. The bank supports VECCI’s quarterly survey of business trends and prospects, Business Leaders event series and Women in Business event series. The partnership builds on both VECCI’s and the Bank of Melbourne’s mutual goals in supporting businesses in Victoria.

Background – About VECCI

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

www.vecci.org.au

Background – About Bank of Melbourne

Bank of Melbourne is investing in Melbourne and regional Victoria. Since re-launching in July 2011, the bank has tripled its workforce, opened 93 branches and become even more involved in the local community. The bank partners with the organisations and events that matter to Victorians. As a full-service bank, its team of lenders, account executives and industry specialists are supporting Victorian businesses, both large and small.

www.bankofmelbourne.com.au

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Melbourne Convention and Exhibition Centre expansion a win for Victoria’s business events and tourism

THE Victoria Tourism Industry Council (VTIC) applauded the Coalition Government’s Melbourne Convention and Exhibition Centre (MCEC) expansion announcement today for the significant benefit it will bring to Victoria’s business events and tourism sector.

“This expansion is a key recommendation in our state election agenda to create 9,000 additional jobs through tourism and we have also been a long-time supporter of the need for this project,” said VTIC Chief Executive Dianne Smith.

“Business events are responsible for 22,000 Victorian jobs and this will cement Melbourne's position as the Asia-Pacific’s leading business events destination.

“This year's AIDS Convention highlighted that Melbourne does large-scale conventions very well. The expansion of MCEC will ensure that we can continue to be a leader in this sector well into the future, and augers well for continued support of agencies such as Melbourne Convention Bureau.

“The benefits will be seen throughout Victoria, as over half of all conference delegates travel to regional Victoria and over a quarter of all delegates are accompanied by family or friends who undertake leisure travel to regional Victoria.”

Victoria Events Industry Council Chair Peter Jones also welcomed the announcement.

"The Victoria Events Industry Council is delighted with this announcement. Business events is a fiercely competitive sector that sees Melbourne competing not only with Sydney and Brisbane, but also Singapore and other Asian destinations. This expansion ensures we will remain the premier destination in the region,” said Mr Jones.

The Victoria Tourism Industry Council (VTIC) is the peak body for Victoria’s tourism and events industry, providing one united industry voice. Tourism and events are growth industries for Victoria and contribute $19.6 billion to the state economy each year and employ more than 200,000 people.

vtic.com.au

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VECCI supports Spring Repeal Day action

VECCI Chief Executive Mark Stone has welcomed the Commonwealth Government’s announcement that it will introduce legislation to repeal nearly 1,000 unnecessary pieces of legislation and regulations that will save individuals, businesses and the not-for-profit sector over $2.1 billion in compliance costs. 

"Creating a one-stop shop for environmental approvals will have particular benefits for Victorian businesses as it will remove unnecessary duplication and make the approvals process for major projects simpler and quicker," Mr Stone said.

"VECCI is also pleased with the inclusion of a number of measures targeting small business, including establishing the Fair Work Ombudsman’s Small Business Helpline, amending the Franchising Code of Conduct and improving tax office communication with small business.

"Business recognises that well-designed regulation can provide benefits for business and the wider community by improving economic stability, providing operational certainty and increasing 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," Mt Stone said.

"The priority given to red tape reform by the Commonwealth Government is welcomed by VECCI and needs to be echoed by all governments."

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

vecci.org.au

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Self-interested state politics killing retailers on low value GST

PEAK retail industry body the Australian Retailers Association (ARA) said there is going to be no move on the LVIT GST issue unless self-interested state politics dramatically change in the near future.

ARA Executive Director Russell Zimmerman said politics had got the better of the process with Western Australia (WA), and the blame does need to be leveled at the WA State Government which is refusing to allow changes to the GST unless it gets a bigger share of the GST pie.

“Both the new and previous federal governments have been gradually, if sometimes reluctantly, moving forward on the issue. Ultimately, the final decision was placed on state governments that are not only the recipients of GST revenue but also any approve cost changes to collection.
 
“We know we have had heroes on this issue such as NSW Premier Mike Baird and Federal Small Business Minister Bruce Billson, but there now appears to be a villain in the mix.

“The villains working against the best interests of retailers, even in their own state, have been the WA Government.

“It has to be said this action tops the usual self-interested obscenity which has been witnessed over many years of federation by a number of state governments.

“The ARA, along with many of our members and associate association members, has been trying to get the WA Government to understand the impact this tax is having on its own local retailers. Unfortunately, the ARA and both our small and large retail members have so far failed despite many attempts to change minds in that state.

“What next? The only path to change is to never give up, and for that reason we will be re-engaging with all key stakeholders to once again push the case to change this unfair tax arrangement at all levels of government. We will also be sure to target those governments not acting in the best interests of their local businesses,” Mr Zimmerman said.

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Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041.

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