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Flexible regulation could benefit customers: Energy Networks

ENERGY Networks Australia has released a discussion paper that explores regulatory changes that could lead to better outcomes for both customers and businesses.  

Released yesterday at the ‘Power of collaboration’ seminar in Brisbane, the Why TOTEX paper considers a simplified approach to the way networks’ proposed expenditure is assessed by the Australian Energy Regulator.  

Energy Networks Australia chief executive officer Andrew Dillon said the proposed ‘TOTEX’ model could give network businesses greater flexibility in responding to customer needs.  

“Under the current system, operating expenditure and capital expenditure are assessed separately to derive the network business’ total revenue for a regulatory period,” Mr Dillon said. "It's a complex approach that can create incentives to favour one form of expenditure over another.

“This report proposes allocating total expenditure in one bucket to give networks a clear incentive to choose the most efficient and appropriate energy solutions for customers.

“The TOTEX approach doesn’t favour one form of spending over the other and is designed to encourage a flexible response by networks to the risks and opportunities created by the energy system transformation.” 

Mr Dillon said the need for more flexible regulation had been promoted in a range of reports, including the Energy Networks Australia-CSIRO Electricity Network Transformation Roadmap, the 2017 Finkel Review and most recently, the ACCC Retail Electricity Pricing Inquiry.

“Having a unified TOTEX allowance would reduce complexity and streamline incentive schemes that have characterised network regulation over the past decade,” he said.

“This conversation is about updating the tools, not removing protections. Any future framework would still hold networks accountable, with the regulator overseeing proposed costs and any price increases. Networks would still have to ensure business decisions align with customers’ needs.”     

Mr Dillon said the TOTEX model was being adopted internationally, where regulatory approaches were being modernised to improve customer outcomes at a time of rapid change.

“We recognise that there will be diverse views. Our goal is to consult and look at alternative regulatory frameworks to ensure governance of our energy system evolves to meet customers’ needs. Doing nothing at a time of such great transformation is not an option,” he said. 

www.energynetworks.com.au

 

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.

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ARA acknowledges individuals within the Retail Realm

WITH THE 2018 eftpos ARA Australian Retail Awards slowly approaching, retailers across the country have already started submitting their entries for what has been coined the biggest retail Awards event of the year.

As Naomi Simson, founding director of online experience retailer RedBalloon, has been announced as the Award’s keynote speaker, Russell Zimmerman, executive director of the ARA, said tickets to the Awards have been walking off the shelves.

“Having Naomi as our keynote speaker has definitely sparked interest amongst the industry, as tickets to these Awards have started selling themselves,” Mr Zimmerman said.

“We’ve also seen a big spike in our Awards submissions with small, medium and large retailers around the country already submitting their entries through our Awards platform.”

The 2018 eftpos ARA Australian Retail Awards will encompass three Award categories including customer experience, people in retail and outstanding retailers in their field. The People in Retail category has seen a lot of traction with individual’s nominating their employers and retailers putting forward their staff to win an award in this category.

“One of the most desired Awards across the Australian retail industry is the ARA’s Retail Leader of the Year Award,” Mr Zimmerman said.

“This sought-after award, in the People in Retail category, recognises a Senior Executive or CEO of a retail organisation that is paving the future of Australian retail.”

The other Awards in this category include The Retail Employer of the Year Award and The Young Retailer of the Year Award. With this year’s 2018 eftpos ARA Australian Retail Awards themed around the Retail Realm and focusing on retailers who think outside the shop, the ARA’s People in Retail category will surely be a hard one to judge.

“As the Australian retail industry has seen some considerable changes in the market this year, our panel of judges will certainly have their work cut out for them,” Mr Zimmerman said.

"In this category, each individual will be judged on their submission and the finalists will be announced on the 20th of September.”

The 2018 eftpos ARA Australian Retail Awards will be held on Thursday 18 October at the Myer Mural Hall in Melbourne. The ARA encourage retailers of all sizes to submit an entry by nominating an influential leader or instrumental employee before Friday 10 August via the 2018 eftpos ARA Retail Awards platform.

To secure your seat for the 2018 eftpos ARA Australian Retail Awards head to The Retail Realm to purchase your tickets today.

  

About the eftpos ARA Australian Retail Awards:

First held in the 1970s, the eftpos ARA Australian Retail Awards are the nation’s longest running and most prestigious retail event, recognising and rewarding outstanding retail businesses, innovations, and individuals across all sectors of retail. Relaunched in 2008, the annual 2018 eftpos ARA Australian Retail Awards breakfast will commence on Thursday 18 October at the Myer Mural Hall in Melbourne. For more information regarding the 2018 eftpos ARA Australian Retail Awards email This email address is being protected from spambots. You need JavaScript enabled to view it..

 

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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Brisbane hosts global political talks

BRISBANE will be a hub for the latest research and debate on world politics and governance with more than 2400 political science experts gathering for a five-day congress.

In an Australian first, Brisbane will host the 25th IPSA World Congress of Political Science from July 21-25 at the Brisbane Convention and Exhibition Centre (BCEC), delivering an economic boost of $7.7 million for the local economy.

The congress was secured through a competitive Team Brisbane bid involving Tourism and Events Queensland, BCEC and the city’s economic development board Brisbane Marketing, in partnership with local and national universities, and professional conference organiser ICMS Australasia.

Brisbane Lord Mayor Graham Quirk said the congress had attracted nearly 1,000 more delegates than projected, with 80 percent of delegates visiting from international destinations.

“Hosting a congress of this scale demonstrates Brisbane’s appeal as a business, research and leisure destination, and contributes to employment and economic benefits across our accommodation, venue, tourism and service sectors,” Cr Quirk said.

The Queensland Government said it was proud to support the IPSA World Congress of Political Science through Tourism and Events Queensland as part of the It’s Live! in Queensland events calendar.

BCEC general manager Bob O’Keefe said the centre was honoured to be selected as the venue for the world’s most prestigious international meeting for political science scholars. Such events, he said, demonstrated the world-class capabilities and expertise of BCEC.

“Securing conferences of this nature reflects the close collegiate relationship the Centre shares with Brisbane’s universities and academic community,” Mr O’Keefe said.

The impact of information technologies on global borders, the future of human rights and the rise of global populism are a few of the topics to be explored under the congress theme ‘borders and margins’.

Guy Lachapelle, International Political Science Association (IPSA) secretary general and professor of political science at Canada’s Concordia University, said the 25th IPSA World Congress would bring together over 2400 delegates from 85 countries.

“An IPSA World Congress is always a moment to look over the state of our discipline but also to look upon what IPSA has accomplished after 25 IPSA World Congresses. Today, our Association is certainly stronger, the collective membership has increased since 1949 (from four to 57) and has become a reference for debating world issues,” Mr Lachapelle said.

www.brisbanemarketing.com.au

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Electrical contractor heavyweight joins chorus of industry concerns

PEAK bodies representing thousands of businesses across Australia are apprehensive about a government proposal that may cause serious damage to the lighting sector.

The National Electrical and Communications Association (NECA), which represents 5,200-member organisations that in turn employ 125,000 Australians, has joined a growing group of industry bodies concerned about the new draft National Construction Code. 

The other bodies include Lighting Council Australia, the Illuminating Engineering Society and the International Association of Lighting Designers (Australia New Zealand).

The changes relate to significant reductions in allowances for architectural and decorative lighting.

“While energy efficiency is an important objective in the development of policy, we worry that the government has not sufficiently and comprehensively consulted with industry on these changes," NECA CEO Suresh Manickam said in reference to the proposed draft of the National Construction Code.

The new regulations are slated to take effect from July 2019 and will apply to all commercial buildings across Australia, both newly built and redeveloped, that require development approval.

The concerns of NECA are shared by the peak bodies representing manufacturers, suppliers, designers and engineers in the lighting market.

Lighting Council Australia, which represents 100 Australian manufacturers and suppliers of lighting equipment, suggests that it is not a question of whether jobs will be lost, but of how many.

“Our industry provides about 5,000 manufacturing jobs.  There are a further 1,000 lighting designers and engineers in the sector," Lighting Council Australia’s David Crossley said.

“This proposal has not been properly evaluated and the consultation process was inadequate.”

www.lightingcouncil.com.au

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It’s National Farm Safety Week

NATIONAL Farm Safety Week is held each year to raise awareness of farm safety issues across Australia. In 2018, National Farm Safety Week runs from Monday July 16 to Sunday July 22. and the teme is ‘Innovative, Safe and Healthy’.

The 2018 National Farm Safety Week theme highlights the importance of business and industry continuing to work together to increase the well-being of Australian farmers through innovation and improved attention to health and safety outcomes.

In line with the 2018 theme, the Serious About Farm Safety Guide, which was developed by Workplace Health and Safety Queensland and industry representatives, provides tips for employers as to where they can be more innovative about health and safety at their workplace.

The Guide outlines the following elements to methodically and comprehensively ensure the safety of workers:

  • legislative requirements for workers’ compensation

  • safety management systems

  • identifying and assessing risks

  • implementing suitable safe work procedures

  • general hazard information for the agricultural industry.

A simple health and safety system will reduce the risk of workplace injuries and can help to reduce your workers’ compensation premium.Workplace health and safety policies and procedures should form the framework of a health and safety system.You can check out the guide here.

WHAT DOES THIS MEAN FOR EMPLOYERS?

"Farm Safety Week is an important reminder for the agribusiness sector to reflect on safety and ensure that they have policies and procedures in place to protect their business," Cooper Grace Ward solicitors partner, Belinda Winter said.

"Our workplace health and safety team have model policies, which can be tailored to fit your needs.

"Cooper Grace Ward also has a dedicated agribusiness team with a genuine understanding of the unique needs of this sector and its supply chain – from the farm and production to marketing and sales."

www.cgw.com.au

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SDA uses social media to tell fast food workers their rights

THE SDA, the union for workers in retail and fast food, is launching a new drive to recruit young workers starting their first job and to talk to them about their rights where they are, on social media.

SDA national secretary Gerard Dwyer said new recruitment drive, which would be rolled out over social media was a response to research which found young workers had very limited knowledge of their rights or the role of unions.

“Young people entering the workforce for the first time have very little knowledge of their rights or the role unions can play in helping them with their workplace problems," Mr Dwyer said.

“Its safe to say that a large number of young people barely know unions exist, let alone how they can help, or why they should join one.

“Additionally, research from the University of Sydney found that 25 percent of student retail workers were being underpaid, and 35 percent were not receiving the correct weekend rates.

“We decided that we really needed to take a ‘back to basics’ approach, providing simple, easy to understand information about workplace rights, what unions are and what they do.

“That’s why our first video answers the basic question of ‘what is a union?'

“Further videos explain basic workplace concepts like wages, weekends, annual and equal pay and are designed to speak with young workers at their level," Mr Dwyer said.

“In addition to providing accessible and straightforward information we also wanted to reach young workers where they currently were, and that’s on Snapchat, Instagram and to a lesser degree Facebook.”

Mr Dwyer said that in addition to the videos, which will be advertised across several social media platforms over the coming weeks, the SDA has also developed a young worker hub called 100% Pay to provide reliable information on workplace rights and how the union could assist.

“We developed 100% Pay as a place where young retail and fast food workers can go for simple and clear information about their basic rights at work," he said. 

“To get them started, we’ve provided a quick quiz on their six basic rights at work. If a young worker finds they are not receiving what they’re entitled to, they can get in contact with the union.”

Mr Dwyer said that the SDA’s new focus was consistent with the ACTU’s drive to recruit and assist young workers, which was to be discussed at the ACTU triennial Congress in Brisbane this week.

The 100% Pay videos can be found here or visit the 100% Pay website here.

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Keytone Dairy to list on ASX July 18

KEYTONE Dairy Corporation Ltd -- with a pending ASX code of KTD -- will be listed on the Australian Securities Exchange (ASX) via an Initial Public Offering (IPO) tomorrow, July 18 at noon.

Keytone Dairy capital raising closed with an oversubscription of A$15 million through the issuing of 75 million ordinary shares at the issue price of $0.20 per share. On listing the company will have a market capitalisation of $30 million.

As part of the IPO, Keytone Dairy will acquire Keytone Enterprises (NZ) Company Limited (Keytone NZ) which is a profitable New Zealand-based company manufacturer, packer and exporter of dairy and nutrition blended products, with a focus on powdered dairy products.

Keytone Dairy’s proprietary manufacturing facility, located in Christchurch, New Zealand, produces commercial whole and skim milk powder as well as other dairy powder blends under its proprietary brands. The company also contract-packs a range of powdered dairy products for major supermarkets, retail chains, dairy producers and other customers, in New Zealand and China, under their private label brands. 

Keytone Dairy’s products are exported globally, including to China, for sale in a variety of channels, including major supermarket chains, premium retail channels and online marketplaces. Keytone Dairy holds the coveted China Certification and Accreditation Administration (CNCA) licence, a pre-requisite for importation of dairy products into the People’s Republic of China. It is also Halal-certified, enabling exports into Muslim countries.

Keytone Dairy’s customers and distribution channels include, New World, PAK’nSAVE, Countdown (Woolworths New Zealand subsidiary), Dairyworks New Zealand, Metro, Guangzhou Dept. & Friendship Store, HalsoKraft, JD.com, Tmall.com and VIP.com.

Funds from the IPO will be used primarily to expand the company’s manufacturing base from its one existing facility to include two new manufacturing facilities it plans to build. Keytone Dairy also plans to expand its product range, distribution network and develop distribution in additional geographic markets.

About Keytone Dairy

Keytone Dairy Corporation Ltd is the Australian wholly-owned subsidiary of Keytone Enterprises (NZ) Company Ltd, a New Zealand-based manufacturer, packer and exporter of dairy and nutrition blended products, with a current focus on powdered dairy products. Keytone Dairy has successfully commercialised and is currently selling whole and skim milk powder and other dairy powder blends under its proprietary brands, as well as manufacturing and packing a range of powdered dairy products for leading supermarkets, retail chains, dairy producers and other customers under their private label brands.

https://www.keytonedairy.com

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QRC says lots of jobs available in Queensland mining

QUEENSLAND'S resources sector has hundreds of job vacancies from Townsville and Mt Isa in the North, to Toowoomba and Roma in the South and in the nation’s biggest mining town Brisbane, according to the Queensland Resources Council (QRC).

QRC chief executive Ian Macfarlane said there were currently close to 1,400 Queensland job vacancies in mining, resources and energy on the employment website SEEK.

"To borrow the famous quote from Lord Kitchener, ‘we want you’ to apply for a job in resources and fill these vacancies,” Mr Macfarlane said.

"Jobs in the resources sector are good jobs. Resource jobs are well-paid jobs. The mining industry has by far the highest average weekly full-time adult earnings of any industry at $2659 – or over $138,000 per annum.

"Our sector continues to drive economic opportunities both in the regions and the larger cities and if we are to maintain this momentum and increase royalties the sector needs people operating the machinery, loading the ships and working with communities."

The latest Australian Bureau of Statistics (ABS) labour force data revealed the sector was creating a job every hour or 8400 new jobs over the last 12 months.

"The Palaszczuk Government has been committed to maintaining an unemployment rate with a ‘five in front of it’. The resources sector shares the Government’s ambition, and we are ready, willing and able to deliver," Mr Macfarlane said.

QRC’s March quarter State of the Sector report found jobs growth in the coal, minerals, petroleum and gas industries were very strong with a survey of chief executive officers (CEOs) of QRC member companies finding 52 percent would increase their Queensland workforce over the next 12 months, with 13 percent looking to increase employment ‘substantially.’

Only 9 percent of CEOs surveyed said they planned to reduce staff over the next 12 months, with none of the CEOs expecting a substantial decrease.

The Queensland resources sector supports more than 280,000 full-time jobs and contributed over $55 billion to the State’s economy in 2016/17.

Total vacancies in Queensland for mining, resources and energy is 1,396, according to SEEK.

Region

SEEK mining, resources and energy vacancies

Brisbane

288

Gladstone and Central Queensland

161

Rockhampton and Capricorn Coast

115

Mackay and Coalfields

519

Townsville

97

Mount Isa

87

Toowoomba and Darling Downs

43

Roma and Western Queensland

87

www.qrc.org.au

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Naomi Simson enters the Retail Realm

The Australian Retailers Association (ARA) is pleased to announce that Naomi Simson, founding director of online experience retailer RedBalloon, will be the key note speaker for the 2018 eftpos ARA Australian Retail Awards.

Known for her regular appearance on Network Ten’s popular television series, Shark Tank, Naomi is one of Australia’s most prominent entrepreneurs and business leaders.

Russell Zimmerman, executive director of the ARA, said the ARA was excited to host such an innovative retailer and passionate business influencer for this year’s Awards.

“Naomi is not only a leader in the industry, she brings a wealth of business knowledge and will be able to provide valuable industry insights across various elements in the retail realm for retailers of all sizes,” Mr Zimmerman said.

“We’re excited for Naomi to share her knowledge of the retail realm and insights into how retailers across the country can engage better with their consumers across various forms of technology and communication platforms.”

With this year’s 2018 eftpos ARA Australian Retail Awards themed around the Retail Realm and focusing on retailers who think outside the shop, the ARA have brought on a panel of industry experts to judge each sought-after award.

“This year’s Award categories - customer experience, retail workers and industry leaders - encapsulate elements of the Retail Realm from supply chain management, business growth and technology, to customer experience, payments and employee development,” Mr Zimmerman said.

“Therefore, this year, we’ve searched the industry for exemplary retail professionals who are not only skilled in these technical areas but have been influencers in the retail sector themselves.”

The 2018 eftpos ARA Australian Retail Awards panel of judges include Radinck van Vollenhoen, country manager of Stocard, Australia’s leading mobile wallet app; Bernie Brookes AM, adjunct industry fellow at Swinburne University of Technology; and Camille Reed, founder of Australian Circular Fashion (ACF), the first industry-only event in Australia focussed on responsible fashion practice and supporting economic growth.

Further additions to the panel include Rupert Deans, founder of Plattar, the first platform to use augmented reality to transform the way customers experience products; and Warwick Ponder, head of corporate affairs and communications at eftpos Australia.

With such a broad range of industry specialists across various retail functions, the 2018 eftpos ARA Australian Retail Awards will surely be an event not to be missed.

“I’m certainly looking forward to seeing the calibre of talent across the industry and of course seeing Naomi Simson take the stage,” Mr Brookes said.

“Being in such close proximity to a retail entrepreneur would be a dream for many, and I am certainly glad I get to be a part of the experience and included in such a prominent industry Awards program like the ARA Australian Retail Awards.”

The 2018 eftpos ARA Australian Retail Awards will be held on Thursday 18 October at the Myer Mural Hall in Melbourne. The ARA encourage retailers of all sizes to submit an entry by nominating an influential leader or instrumental employee before Friday 10 August via the 2018 eftpos ARA Retail Awards platform.

To secure your seat for the 2018 eftpos ARA Australian Retail Awards head to The Retail Realm.

About the eftpos ARA Australian Retail Awards:

First held in the 1970s, the eftpos ARA Australian Retail Awards are the nation’s longest running and most prestigious retail event, recognising and rewarding outstanding retail businesses, innovations, and individuals across all sectors of retail. Relaunched in 2008, the annual 2018 eftpos ARA Australian Retail Awards breakfast will commence on Thursday 18 October at the Myer Mural Hall in Melbourne. For more information regarding the 2018 eftpos ARA Australian Retail Awards email This email address is being protected from spambots. You need JavaScript enabled to view it..

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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Brisbane Lord Mayor’s Business Awards nominations close July 20

NOMINATIONS for the 2018 Brisbane Lord Mayor's Business Awards close on Friday, July 20.

The awards celebrate success and aim to showcase the achievements of Brisbane businesses and entrepreneurs making contributions to the continued growth of our economy.

Inspiring individuals and businesses can nominate for 10 categories:

  • CCIQ Award for Outstanding Small Business
  • Australia Pacific LNG Award for Business Innovation
  • Queensland Urban Utilities Award for Product Innovation
  • ISPT Award for Digital Adoption Strategy
  • ANZ Award for High-growth Business Start-Up
  • Yurika Award for Sustainability in Business
  • HSBC Award for Doing Business in Asia
  • Port of Brisbane Award for Investment in Brisbane
  • Singapore Airlines Young Business Person of the Year Award
  • Channel 7 Business Person of the Year Award

Winners from these business categories have the opportunity to be awarded the Optus Business Platinum Award.

Winners will be unveiled at the prestigious Gala Dinner on Friday, October 19 at Brisbane City Hall.

www.lmba.com.au

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A wake-up call for all: Tax Gap

THE ‘Individuals not in business tax gap’ report issued by the ATO should be a wake-up call for all taxpayers, regulators, government and tax practitioners, according to the Institute of Public Accountants (IPA).

“The report identifies that 72 percent of the 858 cases in the ATO’s random sample, contained errors and that is a worrying statistic, given the quantum of the gap and considering Australia’s current fiscal position,” said IPA chief executive officer, Andrew Conway.

“Even if you question the robustness of the methodology, the ‘tax gap’ is a guestimate at best; however, you can’t argue that this report points to a serious issue.

“There are many aspects to the problem, including complacency and people who simply flaunt the system, including individuals and rogue agents.

“The complexity of the tax system also makes it easy to make errors.  For example, the substantiation rules for work related deductions up to $300 have inappropriately driven the perception of getting a ‘free kick’.

“The report which spans a two year time frame is acknowledged by the ATO as not being adequate to define a trend so it is a timely reminder that individuals and Tax Agents must commit to raising the bar.

“It should be noted that often the work of the Tax Agent is only as good as assertions made by their client.  The Tax Agent is not required to validate all client assertions.

“It is also human nature for individuals to want to maximise refunds and in doing so may mislead their Agent in the course of preparing their return.

“The IPA continues to carry out quality assurance of its members and actively seeks to weed out unprofessional behaviour and reduce error rates.

“It is also important not to tar those Agents doing the right thing with the one ATO brush.  If a Tax Agent deliberately flaunts the law, we will work with the ATO and weed them out.

“We must keep in mind that a vast number of Tax Agents are highly professional and endeavour every day to comply with their legal and ethical obligations in an increasingly complex tax system,” said Mr Conway.

www.publicaccountnats.org.au

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