Business News Releases

QRC welcomes Senex's Roma North gas development

THE Queensland Resources Council (QRC) has welcomed the decision by Brisbane-based Senex to start construction at the company’s Roma North natural gas development.

QRC chief executive Ian Macfarlane said the job creating project 30km north of Roma would provide a much needed boost to the local economy.

“By awarding the construction contract to Wasco, which has a place of business in Roma, there will be local employment opportunities in the 50 jobs to be created directly, and more roles indirectly,” Mr Macfarlane said.

“Roma North is part of Senex’s Western Surat Gas Project and is a flagship example of industry and government working together to produce more natural gas, with benefits for Queensland.

“Queensland’s resources industry has a proven track record of attracting new investment and creating new jobs because of the clear and stable regulatory environment in which it operates. It is essential that we have stable and reliable regulation for our resources sector to continue to attract the investment that builds our State and delivers for every Queenslander.”

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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Energy Networks welcomes NSW transmission infrastructure plan

ENERGY Networks Australia has welcomed the NSW Transmission Infrastructure Strategy released today by the NSW Government.  

The strategy sets out to boost NSW's interconnection with Victoria, South Australia and Queensland, increase energy capacity and streamline regulation for a modernised grid.

Energy Networks Australia CEO Andrew Dillon said the NSW plan was a vital step towards a more integrated energy system that would deliver greater benefit to customers through a more resilient grid and more competitive wholesale markets. 

“Around the world, modern energy systems are responding to more variable renewable generation by ensuring greater connection between generation sources and customers,” Mr Dillon said. 

“NSW sits at the centre of the National Electricity Market (NEM) and is critical to the development of a more connected energy future.

“Fast-tracking the four key projects outlined in the strategy will bolster the grid's capacity and put downwards pressure on prices – a priority for network businesses across Australia.”

Mr Dillon said the sequential nature of current regulatory arrangements was slow and unsuited to the transformation underway in electricity generation. 

“By providing a funding guarantee for preliminary planning work, the NSW Government can fast-track priority projects while ensuring projects will only proceed where the benefits for consumers clearly outweigh the costs,” he said.

“Networks want to keep costs as low as possible while ensuring new renewable generation can be reliably integrated into our grid. The NSW plan will help achieve this.”  

 

About Energy Networks Australia

Energy Networks Australia represents Australia’s electricity transmission and distribution networks and gas distribution networks. Members provide energy to virtually every household and business in Australia.

www.energynetworks.com.au

 

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ARA and Roy Morgan Research release pre-Christmas predictions

THE Australian Retailers Association (ARA) and Roy Morgan’s annual pre-Christmas predictions indicate Australian shoppers will spend over $51 billion across retail stores in Australia during the Christmas trading period from November 9 to December 24, 2018.

Russell Zimmerman, executive director of the ARA, said while the Australian retail industry has seen some patchy results in recent times, the ARA and Roy Morgan are forecasting Australian consumers to spend 2.9 percent more this Christmas compared with 2017.

With consumer spending on the rise as noted in September’s retail trade figures, the ARA and Roy Morgan are confident that this year’s Christmas sales will remain strong during the festive season, with a 3.67 percent total year-on-year growth across the retail sector,” Mr Zimmerman said.

“An estimated $21 billion is expected to be spent on Food this Christmas, which is a 3.7 percent increase from the previous year and coincides with the consistent figures recorded from this category throughout 2018.”

Apparel and Household Goods will also record a significant increase in trade, with the ARA and Roy Morgan predicting $4 billion to be spent on clothing, footwear and personal accessories, a 3.1 percent increase from the previous year, while over $9 billion is expected to be spent on Household Goods, a 2.0 percent increase from 2017.

With Aussies looking to spend quality time with friends and family during the Christmas season, restaurant and café retailers will see strong growth in sales this year, with the Hospitality category expected to increase by a substantial 3.2 percent.

Across the States and Territories, pre-Christmas sales predictions point to bumper growth for Victoria, Tasmania and South Australia during Christmas trade this year, with these regions showing the strongest predicted growth.

“Christmas is a joyous and celebrated event, admired by Australians who embrace the season of giving. With the retail landscape continuing to adapt to changes in the industry, we can rely on this season to bring stability to retailers,” Mr Zimmerman said.

“As the online retail market continues to expand, the ARA are also predicting online gift purchases to increase by 2.7 percent with Australian shoppers expected to purchase many of their gifts online this year.”

“Each year, the ARA and Roy Morgan work together to produce the only professionally researched industry Christmas predictions in Australia, and we believe the figures released today represent a comprehensive preview of retail figures leading into Christmas.”

ARA Roy Morgan Pre-Christmas Sales Predictions 2018
November 9 – December 24, 2018


2018 Pre-Christmas Sales Growth by Category 

State

2017 Pre-Christmas actual results ($mil)

2018 Forecast Pre-Christmas sales ($mil)

Predicted Growth

FOOD

20163

20908

3.7%

HH GOODS

8757

8931

2.0%

APPAREL

3906

4028

3.1%

DEPARTMENT STORES

2935

2943

0.3%

OTHER

7127

7321

2.7%

HOSPITALITY

7117

7348

3.2%

NATIONAL

50005

51479

2.9%


[ARA / ROY MORGAN]

 

2018 Pre-Christmas Sales Growth by State

State

2017 Pre-Christmas actual results ($mil)

2018 Forecast Pre-Christmas sales ($mil)

Predicted Growth

NSW

16132

16629

3.1%

VIC

12843

13512

5.2%

QLD

9907

10071

1.7%

SA

3320

3422

3.1%

WA

5395

5366

-0.5%

TAS

998

1038

4.0%

NT

495

501

1.2%

ACT

914

940

2.9%

NATIONAL

50005

51479

2.9%


[ARA / ROY MORGAN]


www.retail.org.au/christmas-predictions/

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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Walkley Book Award shortlisted finalists announced

THE Walkley Foundation today announced the shortlist for the Walkley Book Award, part of Australia’s most prestigious journalism accolades, the Walkley Awards for Excellence in Journalism.

The Walkley Book Award celebrates Australian writers who take enduring subjects from news, eyewitness accounts, investigations and history. Their books bring readers immersive detail, clear analysis and new revelations.

A total of 65 books were entered this year. Their subject matter ranged from true crime, politics and war to memoir, biography and investigative journalism.

The 2018 Walkley Book Award shortlisted finalists announced today in Sydney are (in alphabetical order):

  • Peter Greste, The First Casualty, Penguin Random House
  • Chris Masters, No Front Line: Australia’s Special Forces At War in Afghanistan, Allen & Unwin
  • Helen Pitt, The House, Allen & Unwin
     

The judging panel chairs, who selected the shortlist for the 2018 book award, are:

  • Colleen Ryan, journalist and author
  • Paul Bailey, editor, The Australian Financial Review
  • Pamela Williams, investigative journalist

The winner of the 2018 Walkley Book Award will be announced at the 63rd Walkley Awards for Excellence in Journalism on Thursday November 22, at the Brisbane Convention and Exhibition Centre, thanks to the support of Tourism and Events Queensland.

The awards will be broadcast live on Sky News Extra Foxtel channel 604 and streamed live on the Walkley website (walkleys.com) from 8:30pm AEDT.

A full list of Walkley Awards finalists is available at walkleys.com.

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Pro Bono Australia launches 2019 Salary Survey

PRO BONO Australia has launched the call for responses for its seventh annual Salary Survey. 

The survey acts as a source of vital benchmarking data for key roles within the social sector, as well as executive and manager remuneration comparisons, professional development trends and remuneration policies implemented by organisations across the social sector. 

This year’s salary survey aims to collect insights into remuneration trends, employee engagement and workplace benefits, including salary sacrificing and superannuation contributions. 

Pro Bono Australia CEO and founder, Karen Mahlab said that the annual Salary Survey has become a trusted piece of Australia's social sector infrastructure by providing critical information to guide boards, management and individuals who want to be paid, and pay fairly. 

“We are calling again for the not-for-profit sector to participate in this seven-minute survey. The survey is the largest and most comprehensive remuneration report of its kind, providing extensive and practical information on selecting appropriate benchmarks and building a remuneration framework for Australia’s not-for-profit sector.” Mahlab said. 

“We thank all those who have trusted us with their information in the past and encourage those who haven’t to fill out this short survey for our common benefit.” 

Kim Kelloway, HLB Mann Judd head of clients and markets, said they were proud to partner Pro Bono Australia Salary Survey for the fifth consecutive year. As specialised not for profit advisers, HLB Mann Judd collaborates with organisations to make an impact and advance their mission. 

HESTA is a national industry super fund dedicated to health and community services and has been for more than 31 years. HESTA has more than 860,000 members and $60 billion in assets, and joins Pro Bono Australia to help deliver a comprehensive salary survey. 

Beveridge Consulting, which partners with organisations to drive business results through workshops, conference sessions, remuneration consulting and candidate assessment, will again provide the rigorous survey analysis and compilation. 

Participants who complete the survey will have access to 50 percent off the report upon its release in April, and will also go in the draw to receive $500 to be donated by Pro Bono Australia to the charity of their choice. 

The salary survey results will be published in April 2019. All responses will be kept strictly confidential. 

The survey can be found online at https://www.surveymonkey.com/r/TWDYQPB.  

All not-for-profit employees are urged to contribute. 

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Land Court ruling on New Hope's New Acland Mine expansion

QUEENSLAND Resources Council (QRC) chief executive Ian Macfarlane has welcomed the Land Court’s decision on New Hope’s New Acland Stage 3 mine expansion near Toowoomba.

"The ruling will be welcome news for the people of Oakey and the Darling Downs whose future livelihoods would have been in jeopardy with resources depleting," Mr Macfarlane said.

"The New Hope mine is one of the region’s most significant employers and one of the most important economic contributors for the Darling Downs.

"This is new hope for New Hope and the 3,000 workers who rely on the Acland Coal Mine for their living either directly or indirectly," Mr Macfarlane said.

"With the expansion, the mine will be able to produce 7.5 million tonnes of coal per annum for 12 years, providing more jobs, more economic opportunity and more revenue for every tier of government. Construction of the mine would be over a three-year period and the mine would operate until 2031.

"In terms of direct employment, with the expansion the mine will employ 726 staff and contractors in 2025; without the expansion it would employ only 35."

The Queensland Government will now make its final decision on the approval of New Acland Stage 3.

www.qrc.org.au

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Queensland's coal exports claim top spot with 22 wins on the trot: QRC

QUEENSLAND's coal exports have been the star performer for the state’s exports over the last two years, taking the title as Queensland’s most valuable export earner.

Queensland Resources Council chief executive Ian Macfarlane said coal exports had been consistently delivering for the state in a run that stretches back to December 2016.

“Queensland’s coal industry is our economic powerhouse. And its run at the top dates back to December 2016. Every single month since then, coal has recorded the largest increase in value for Queensland commodity exports,” Mr Macfarlane said.

“That’s 22 months back-to-back in which the coal industry has taken gold for all Queenslanders.

“And that’s money in the bank for the State Government and for the people of Queensland.

“The most recent stats from the ABS show coal was worth $34.3 billion dollars to Queensland for the year through to September," he said.

“Our coal exports are on track to deliver a huge windfall for the State Government. Coal royalties are already forecast to be a record $3.76 billion dollars. The Palaszczuk Government’s budget is banking on total royalties from minerals and LNG to reach $4.32 billion. But on current figures, they’ll be even higher.”

The Queensland budget assumed thermal coal prices for this financial year to be US$89 a tonne. The latest thermal coal spot price was $US100 a tonne. Similarly, the budget assumes a coking coal price of US$161 a tonne, but the most recent trading value was US$225 a tonne.

“The consistent returns from the Queensland resources industry fund schools, roads and hospitals, and are particularly important at a time when rural exports have hit a rough patch,” Mr Macfarlane said.

“On top of this record return for Queenslanders, there are about 300,000 people who work in the resources sector, either directly or in associated industries.

“It is essential that we have stable and reliable regulation for our resources sector to continue to attract the investment that builds our state and delivers for every Queenslander.”

www.qrc.org.au

 

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Federal Court upholds Tax Practitioners Board decision

CHAIR of the Tax Practitioners Board (TPB), Ian Taylor, has today welcomed the decision of the Federal Court in the most recent case of Philip Ham.

Mr Ham was sued by a former client for breaches of ‘fiduciary obligations’ or trust after he derived millions of dollars from the sale of land in which his former client had an interest. He was later disciplined by his professional association and was excluded from membership but failed to disclose these issues to the TPB.

In 2017, the Administrative Appeals Tribunal (AAT) affirmed the TPB decision to reject Mr Ham’s renewal application for registration, determining his conduct was "inconsistent with the qualities of moral soundness, uprightness and honesty that one would expect of a tax agent". Mr Ham pursued his case with an appeal to the Federal Court.

Justice Logan dismissed the appeal on Friday and upheld the AAT decision which affirmed the TPB’s rejection of Mr Ham as a tax agent as he was not a "fit and proper person".

Mr Taylor said the Federal Court’s decision confirms the high ethical and professional standards expected of a trusted adviser like a tax practitioner.

"This case is an important reminder for all members of the tax profession to act with competence and integrity, to ensure that the community, the TPB and the ATO can have confidence that services are provided with professionalism," Mr Taylor said.

"Tax practitioners are engaged by three quarters of individual Australian taxpayers and entrusted to manage their tax affairs in compliance with the law. It’s important that agents respect the mutual trust between client, agent and the TPB, and act properly to protect the public and to ensure the integrity of the tax system."

Mr Taylor added that the TPB takes these matters seriously, with around 400 current investigations into tax practitioners across Australia.

"This is particularly important following ATO research linking some tax practitioners with overclaimed deductions, tax avoidance and evasion."

Mr Taylor urged taxpayers with concerns about their tax practitioners’ services to contact the TPB at www.tpb.gov.au/complaints

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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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Calls to tender for further coal seam gas exploration acreage opened by Qld Government

NATURAL Resources, Mines and Energy Minister Anthony Lynham has announced the Queensland Government has opened up for exploration a further 6,600 square kilometres of land with coal seam gas potential.

Tenders are open until February 28, 2019, for companies to bid on the right to explore the land in Southern Queensland, west of Chinchilla in the Bowen and Surat basins, according to Cooper Grace Ward Lawyers special counsel Andrew Corkhill.

"The 6,636sqkm release is made up of 10 areas and junior, mid-tier and new entrant explorers are invited to apply, via competitive cash tender, for the right to explore for petroleum and gas in the established basins," Mr Corkhill said.

"Two areas, totalling 917sqkm, will be subject to provisions to ensure the gas produced from these areas is supplied exclusively to the domestic market.

"Dr Lynham has described the land as ‘perfectly placed for companies wanting to hit the ground running’, given the Bowen and Surat basins are already supported by extensive pipeline and transport infrastructure.

"The Queensland Government has called for companies that have adequate financial capabilities and the right skills to explore, develop and take these resources to the market."

www.cgw.com.au

 Source: Department of Natural Resources, Mines and Energy

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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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