Business News Releases

Overseas orders to obey GST changes from July 1

THE Australian Retailers Association (ARA) is looking forward to the low-value import threshold (LVIT) GST changes from July 1, as it will create a fairer tax system and put local retailers on a level playing field.

Russell Zimmerman, executive director of the ARA, said the ARA had been lobbying this issue for several years as this new legislation will provide a significant lift for the local industry.

“For too long, Aussie retailers have been at a pricing disadvantage to overseas retailers,” Mr Zimmerman said.

“We’re hoping this tax fairness will give a much-needed boost to the industry and we will continue to work with the Government to ensure a 100 percent collection rate.”

As the GST has not previously applied to purchases under the A$1000 threshold, the ARA reminds overseas retailers that this legislation took effect on Sunday 1 July 2018. This move follows the successful introduction of measures in July 2017, which saw GST applied to LVIT digital products and services purchased from overseas.

“This, in combination with the extended GST application to tangible products and services under the LVIT will help to level the playing field for local retailers,” Mr Zimmerman said.

“This will provide a fairer trading environment for our local retailers and a welcome boost to our members and the broader retail industry.”

The ARA has been in close communication with the ATO during the lead-up to the implementation of LVIT GST and will continue to work with Government and the ATO to ensure the best possible outcome for the local retail industry, including proposing additional collection models to improve compliance.

For more information, retailers can access the ATO website here.

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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Have your say on sugar code of conduct

THE sugar industry and community stakeholders are being encouraged to have their say as part of the Federal Government's review of the Sugar Code of Conduct from today.

Minister for Agriculture David Littleproud said it was logical to review whether the Code of Conduct was providing certainty and stability for the sugar industry.

"I understand there are a range of views on the effect the Code has had on the industry," Minister Littleproud said.

"We want to hear from all players along the supply chain to get a clear picture of how the Code is working."

Member for Capricornia Michelle Landry said those interested in making a written submission have six weeks to do so.

"It's important everyone gets their say on this important reform, so they need to get in and do it before it's too late.

"Face-to-face meetings will also take place and I really encourage as many cane growers, millers and marketers as possible to have their say," Ms Landry said.

Member for Dawson George Christensen said the Code was put in place in 2017 to regulate the conduct of growers, mill owners and marketers.

"We introduced the code to make sure that our canegrowers would be able to negotiate contracts with mills and marketers in a fair environment and to give growers choice in marketers," Mr Christensen said.

"The Coalition introduced the Code to take a stand for hard-working canegrowers and to make sure they are guarded against the power imbalances in the sugar supply chain."

The review will examine the Code in accordance with its terms of reference and provide advice to the government before the end of the year. Submissions close 5pm (AEST) Wednesday 22 August 2018.

For more information about the Code review visit https://haveyoursay.agriculture.gov.au/sugar-code-of-conduct-review.

Fast Facts:

  • The terms of reference released for public consultation week of 1 July 2018
  • Submissions open the week of 1 July 2018 and close 22 August 2018
  • Targeted consultation will be undertaken in September 2018
  • The final report will be delivered to government by the end of 2018​

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Applications still open for Defence tech support program ON Prime

POWERED by CSIRO and delivered in partnership with DST under the Next Generation Technologies Fund, ON Prime5 will be run nationally starting September 2018.

Applications are open until July 13, 2018.

ON Prime Defence is a part-time pre-accelerator experience which gives researchers a unique opportunity to fast-track their science or technology proposition with expert guidance from those who've been there and done it before.

Participants will be integrated with their local ON Prime cohort, in their closest capital city hub, as well as invited to attend an exclusive national session, expressly designed for all ON Prime Defence participants from across the country.

All prospective participants need to do is indicate that they are on a research team working on a Defence technology on the ON application form. 

It is  free to participate and all intellactual property (IP) and equity remains the property of the participating team or their sponsoring institute. 

All ON accelerator experiences are open to teams with at least one research employee from CSIRO, Australian universities or Australia's publicly funded research agencies (PFRA). The research employee may be full time, part-time or a casual employee of a PFRA.

ON Prime Defence offers a unique opportunity to apply  science or tech research to Australia's national security and defence.

For more information visit the ON Prime: Defence web page.  

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Telecommunications: Consultations are open on the first stage of the Consumer Safeguards Review

THE Federal Government is calling for submissions into the Review that will help prepare the consumer protections framework for the future telecommunications market.

The telecommunications landscape has changed significantly since the existing protections were put in place.

The discussion paper for Part A of the Review proposes recommendations and reforms to ensure that customers have access to effective redress and complaints handling mechanisms.

The proposals in the discussion paper build on the Australian Communications and Media Authority’s (ACMA’s) Complaints-Handling Standard by reinforcing the requirement for providers to have robust processes and systems for managing and escalating consumer complaints.

The paper also recommends the establishment of an independent external dispute resolution body for complex complaints that cannot be resolved directly between the customer and their provider.

Public consultation on this part of the Review will be open until 13 July 2018. Discussion papers for Part B covering reliability of services and Part C covering choice and fairness will be released for comment shortly.

The review will report to Government by the end of 2018.

www.communications.gov.au

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QRC applauds Glencore’s environmental credentials

QUEENSLAND Resources Council chief executive, Ian Macfarlane, today applauded Glencore’s environmental credentials after the company received certification from the Queensland Government for the rehabilitation of 220 hectares of land at its Rolleston Open Cut coal mine south of Emerald.

“It’s another clear and practical example of Glencore’s commitment to the environment and the sustainability of mining in regional Queensland,” he said.

"I congratulate Glencore on again demonstrating its high standards set by its team in the rehabilitation of mined land, this certification covers an area of around 200 Suncorp Stadiums.

“It’s the second time Glencore’s coal operations in Queensland have received certification with the company’s Newlands operations awarded certification for 73 hectares of land last year.

“Queensland’s coal industry adheres to some of the highest environmental standards in the world with a strong focus on the rehabilitation of land post mining.

“The Queensland resources industry is committed to sustainable environmental practices, including world-class rehabilitation, which ensures our resources are developed to our best advantage for local economies and local communities.”

Queensland resources sector supports 280,000 full-time jobs while only using 0.1 per cent of the State’s land mass, Mr Macfarlane said.

www.qrc.org.au

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Food Standards call for comment on draft cost recovery arrangements

FOOD Standards Australia New Zealand (FSANZ) today called for comment on a revised approach to cost recovery arrangements.

Acting FSANZ CEO Peter May said the arrangements had been revised to better reflect the administrative costs associated with certain applications to amend the Australia New Zealand Food Standards Code (the Code).

“We have consulted with industry and developed a costing model that takes into account the different levels of work required throughout the application process. This will give applicants a more accurate estimate of the actual charge,” Mr May said.

Less than two percent of FSANZ's total revenue is generated through cost recovery and only a small number of applications to amend the Code incur costs.

The deadline for submissions is 6pm (Canberra time) 2 August 2018.

www.foodstandards.gov.au

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Better targeting the Research and Development Tax Incentive

THE Turnbull Government is taking an mportant step to better target the Research and Development Tax Incentive (R&DTI), today releasing draft legislation for public comment.

The Treasurer, Scott Morrison MP, alongside the Minister for Jobs and Innovation Senator Michaelia Cash, said the consultation will help strike the right balance for the R&DTI — the Government’s key program for supporting business R&D in Australia.

“We are committed to backing R&D investment and the economic opportunities and jobs it generates. At the same time we need to make sure that the investment of taxpayers’ money is well targeted by encouraging companies to do more, and not just be rewarded for R&D they would have conducted without an incentive,” the Treasurer said.

Minister Cash said the proposed amendments ensure the reforms operate consistently with their policy intent and continue to provide targeted and effective support to innovative Australian companies that undertake R&D in Australia.

“By better targeting R&D investment, these changes will lead to new ideas, products, services and jobs,” Mr Cash said.

The amendments to the R&DTI form the Government’s response to the recommendations of the 2016 Review of the R&D Tax Incentive and the Innovation and Science Australia 2030 Strategic Plan.

The Turnbull Government is seeking stakeholder feedback on the implementation of the proposed amendments. The exposure draft legislation, explanatory materials and consultation document are available on the Treasury website. Interested stakeholders are encouraged to provide their views by Thursday July 26, 2018.

Submissions can be emailed to R&This email address is being protected from spambots. You need JavaScript enabled to view it. during the consultation period.

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Congratulations to 282,000 Queensland resource sector workers — you are export record breakers, says QRC

INCREASED COAL, LNG and mineral sales have helped Queensland post a record export result of $73.7 billion for the 12 months until the end of May, according to the latest trade data released by the State Government.

Queensland Resources Council chief executive Ian Macfarlane said the resources sector contributed almost $60 billion - or 80 percent - of the result.

“For every 10 dollars Queensland earns through exports, the resources sector contributes eight of those 10 dollars,” he said.

“This is a tribute to the more than 280,000 Queenslanders working directly and indirectly in the resources sector. To those men and women, Indigenous and non-Indigenous, in the regions and the south-east – please accept the congratulations on behalf of all Queenslanders.”

Over the last 12 months:

  • Coal exports increased by $5 billion or 18% to $32.8 billion;
  • Mineral exports increased by $634.2 million or 9.3% to $7.4 billion; and
  • LNG, alumina and semi-soft coking metallurgical coal to $20.9 billion of exports classified as confidential. This category of exports increased by $3.8 billion or 22%.


Mr Macfarlane said Premier Annastacia Palaszczuk was correct to highlight the increase in coal exports was due to a recovery from the devastating impact of Tropical Cyclone Debbie in March and April 2017.

“What the Premier, the coal industry and Queenslanders do not know is how monopoly rail operator Aurizon will apply its threat to stop up to 20 million tonnes of coal reaching export ports in central Queensland. If Aurizon follows through with its threat, we estimate a $4 billion cut in coal exports,” he said.

Mr Macfarlane said the Palaszczuk Government last year set itself the target for Queensland to be the source of 22 percent of national exports annually until 2022.

“The latest trade figures put Queensland at 23 percent, ahead of its target. Without resources sector exports, Queensland would provide only 4.4 percent of the nation’s overseas trade. Without coal exports, it would be only 13 percent,” he said.

Link to Queensland Treasury trade data http://www.qgso.qld.gov.au/products/reports/exports-qld-goods-overseas/exports-qld-goods-overseas-201805.pdf

Link to the Premier’s statement on trade results http://statements.qld.gov.au/Statement/2018/7/4/queensland-exports-continue-to-soar-to-new-heights

www.qrc.org.au

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CIPS annual procurement conference on July 4-5

BUSINESS and procurement professionals from around the Asia Pacific region will be networking and discussing the latest issues in global business as CIPS holds its annual conference and awards in the ICC Venue in Sydney on July 4-5, 2018.

The two day event starts with a ‘focus’ day where delegates can hear panel debates on ethics, eradication of modern slavery and sustainable procurement and how businesses can engage with indigenous suppliers. The second day, the future of procurement, creating diversity and talent management in presentations and workshops. There is also a strong focus on modern slavery.

Now that the Australian Government has introduced The Modern Slavery Bill 2018 to become law by where over 3000 companies and organisations will have to produce an annual statement clearly stating their exposure to modern slavery, procurement and supply chain managers will be on the frontline protecting their supply chains, their businesses and seeking guidance.

The reporting requirement will support Australian businesses to create their modern slavery statements and will offer more information to consumers and investors by providing a practical, risk based framework and guidance. This will increase business awareness of modern slavery, reduce modern slavery risks in Australian goods and services, and drive a business ‘race to the top’ to improve workplace standards and practices. 

The Australian Government has run a comprehensive national consultation process to develop the reporting requirement, including 12 consultation roundtables with over 130 participants, 99 written submissions and over 50 direct meetings with key stakeholders.  The conference will explore these issues and more.

Conference and panel speakers include:

  • Gerry Walsh, Group CEO CIPS on the future of procurement
  • Mark Lamb, MD of Asia Pacific and conference chair
  • Jennifer Morris, CEO, Walk Free Foundation
  • Lisa Brock, Chief Procurement Officer, Qantas Airways
  • Peter Curcio, Chief Procurement Officer, Australia and New Zealand Banking Group
  • Mike Blanchard, Deputy Chief Executive Operations Directorate, Tertiary Education Commission

Mark Lamb, managing director of CIPS Asia Pac, conference chair who also featured recently on ABC News about modern slavery said, “We take slavery in supply chains very seriously, so this conference is timely as the Bill goes through to become law.

“I think this is an excellent first step for Australia because we have already seen it implemented in other countries, and for Australia to have taken the next step is a great move. Understanding what goes on in international supply chains is crucial for any businesses. The exposure to reputation and cashflow damage is intense as consumers and other businesses are becoming more savvy to the horrors of this evil trade.

”Come to the conference and find out more.”

CIPS is also holding its annual awards ceremoney on July 5 to celebrate the best procurement individuals, teams and practice. The shortlist includes:
- NSW Prcourement (Dept. of Finance services and Innovation)
- University of Melbourne
- Western Power
- Queensland Government Procurement, Department of Housing and Public Works
- Wide Bay Hospital and health Service & EY

Find out more on the website.


The Chartered Institute of Procurement & Supply (CIPS)
The Chartered Institute of Procurement & Supply (CIPS) is the world’s largest procurement and supply professional organisation.  It is the worldwide centre of excellence on procurement and supply management issues.  CIPS has a global community of over 200,000 in 180 different countries, including senior business people, high-ranking civil servants and leading academics.  The activities of procurement and supply chain professionals have a major impact on the profitability and efficiency of all types of organisation and CIPS offers corporate solutions packages to improve business profitability. 
In the Australasia region, CIPS has been supporting the profession for over 10 years and lists among its clients several blue-chip organisations including Rio Tinto, Air New Zealand, Spotless, Woolworth and the New Zealand Defence Force.

www.cips.org/en-au/; @CIPSAustralasia

National Congress speaks out on Royal Commission findings of finance companies 'targeting' First Peoples

THE Banking Royal Commission is currently investigating concerns about unethical conduct from finance companies, including funeral insurance companies, accused of targeting vulnerable Aboriginal and Torres Strait Islander peoples with unsuitable products.

This week, the Commission has heard from Aboriginal people in remote communities who have been sold funeral insurance policies which they did not understand and did not need.

Another non-Indigenous company with no Aboriginal affiliation used the rainbow serpent, which holds great importance for First Peoples, in its marketing to lure Aboriginal customers in.

According to consumer groups, some First Peoples have been paying for up to five funeral insurance policies for their families.

The Royal Commission is currently holding public hearings in Darwin, where they are shining the spotlight on these unscrupulous practices.

“Funerals hold great cultural importance for many Aboriginal and Torres Strait Islander peoples, and many peoples are concerned about how they will be able to afford funerals.” Jackie Huggins, National Congress co-chair, said.

“At the same time, we know that financial literacy is significantly lower among Aboriginal and Torres Strait Islander peoples than the general population. This makes many First Peoples exceptionally vulnerable to predatory tactics from funeral insurance companies."

National Congress co-chair Rod Little said, “It is criminal that companies, including funeral insurance companies are taking advantage of any vulnerable person, especially Aboriginal peoples in regional and remote communities.

“This is a matter we have calling for action on for some time, however we feel we have been ignored by governments. It is commendable to see the Royal Commission finally drawing attention to this issue. However, we want to see this new evidence translated into affirmative action. This has gone on unaddressed long enough.”

National Congress is calling on governments and authorities to take urgent action to end the financial exploitation of Aboriginal and Torres Strait Islander peoples by financial companies.

www.nationalcongress.com.au

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Queensland coal export impacts still on the Aurizon

QUEENSLAND coal exports are yet to feel the full force of the repeated threat by monopoly rail operator Aurizon to stop the movement of up to 20 million tonnes annually from mine to port.

Queensland Resources Council chief executive Ian Macfarlane said it was unsurprising that coal exports were higher this year compared to 2017 due to stronger global demand and the impact of Tropical Cyclone Debbie that crossed the coast in March last year.

“Aurizon’s threat - repeated to investors last week - will have a bigger impact on coal exports than Tropical Cyclone Debbie and it will be spread over the year, not just the wet season,” he said.

“Our trading partners, particularly Japan, are watching Aurizon’s actions closely. Coal is our top export commodity with overseas sales more than $30 billion annually.

"Aurizon continues to gloss over the facts. The coal industry is prepared to sit down with them to develop a united position to the Queensland Competition Authority. But we won't do it with a threat hanging over our head.

"Aurizon needs to resume normal maintenance practices immediately and keep that commitment until the next QCA undertaking is finalised and implemented. They need to remove the threat. We won't negotiate under duress."

The loss of up to 20 million tonnes of coal will slash exports by $4 billion per annum and cut royalties used to pay for State Government services and infrastructure by a staggering $500 million per year.

www.qrc.org.au

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