Business News Releases

Skills shortages in Australian workforce filled by poaching and training, more than overseas workers

MORE than a quarter of Victorian businesses affected by changes to 457 Visas for foreign workers say
they will look to employ Australian workers, a survey by the Victorian Chamber of Commerce and
Industry indicates.

Of 323 Victorian businesses responding to the latest Survey of Business Trends and Prospects, 60 percent said they invest in training or poach employees from their competitors to fill skills gaps.

Victorian Chamber of Commerce and Industry Chief Executive Mark Stone AM said the survey
revealed how prevalent skills gaps are, with 35 percent of respondents having difficulty hiring skilled
Australian workers, but just nine per cent used the skilled migration visas to hire qualified workers.

“Our findings show that more than a third of surveyed businesses are training up their existing workers
and a quarter were actively seeking to attract skilled employees from local competitors,” he said.

“The Victorian Chamber of Commerce and Industry is calling for better alignment between the
education system such as vocational education training and other pathways to align with what
industries need to succeed.

“The key is for employers to be able to recruit from a qualified and trained pool of candidates in
Australia without having to look offshore to fill vital skilled roles.”

The building and construction sector is having the most difficulty hiring skilled Australian workers (54
per cent struggling to hire staff), followed by business services (44 percent) and education, health and
community services (42 percent).

Other findings from the survey included:

 Retailers and wholesalers are operating in a very difficult climate, with many forced to
constantly discount products in an attempt to boost sales and combat falls in profits.

 Confidence in the Australian economy weakened by one percentage point over the first six
months of the year, this fall was led by metropolitan-based businesses.

 Over the past two quarters, confidence in the Victorian economy also rose by four percentage
points.

“Victorian businesses are operating in a tough climate, and need support to address and fill their skills
shortages whether that be through accredited training or non-accredited training,” Mr Stone said.

About the Victorian Chamber of Commerce and Industry

The Victorian Chamber of Commerce and Industry, established in 1851, is the most influential business organisation in Victoria, informing and servicing more than 15,000 members, customers and clients around the state.

www.victorianchamber.com.au

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ARA congratulates NSW Government for legislating NSW Boxing Day trade

THE Australian Retailers Association (ARA) has applauded the NSW Government in legislating Boxing Day trade across all parts of NSW after it was welcomed by retailers, employees and consumers during a two-year trial.

An independent review with comprehensive feedback from business owners, employees and shoppers has revealed this legislation will level the playing field for retailers who were previously prohibited from taking part in the Boxing Day sales simply because of their location.

ARA Executive Director, Russell Zimmerman said this announcement is great news for NSW retailers as Boxing Day is one of the busiest trading days of the year.

“Consumers want to shop on Boxing Day, and retailers want to trade, it’s as simple as that,” Mr Zimmerman said.

“Giving NSW retailers an opportunity to trade on this public holiday not only gives retailers a chance to increase their sales it allows physical stores to compete with online and interstate retailers.”

As the retail sector is the largest private employer, the ARA believes this decision is also great news for NSW retail staff.

“Allowing Boxing Day trade in all areas of NSW gives retailers the opportunity to roster volunteer staff on one of the biggest trading days of the year,” Mr Zimmerman said.

“Public holiday rates are a great way for employees to earn money and increasing trading hours for NSW retailers significantly reduces underemployment.”

This legislation aligns with the ARA’s submission to the NSW Government which supports deregulated trading hours on Boxing Day and will be introduced in the coming months.

The ARA will work with retailers and their employees to ensure they are fully aware of their rights ahead of Boxing Day this year.

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $310 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 7,000 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

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Modern slavery hearing in Canberra

THE Foreign Affairs and Aid Sub-Committee of the Parliament’s Joint Standing Committee on Foreign Affairs, Defence and Trade will hear from a range of organisations, experts and government officials at a public hearing in Canberra on Friday 11 August for its inquiry into establishing a Modern Slavery Act in Australia.

The Sub-Committee is investigating measures to improve Australia’s framework for combatting modern slavery. This includes examining whether provisions of the UK Modern Slavery Act 2015 could be improved and introduced in Australia, such as the requirement for businesses to report on measures to eradicate modern slavery from their global supply chains.

Chair of the Foreign Affairs and Aid Sub‑Committee, Mr Chris Crewther MP, said the Sub-Committee welcomed the opportunity to meet with organisations and experts including UNICEF Australia and Dr Anne Gallagher AO, as well as Australian government officials responsible for implementing the National Action Plan to Combat Human Trafficking and Slavery 2015-2019. The Sub-Committee will also hear from UK witnesses via videoconference, including Ms Caroline Haughey who was commissioned by the UK Government to review the Modern Slavery Act 2015.

“The Sub-Committee looks forward to hearing from these organisations and experts on how Australia can better combat modern slavery here and around the world,” Mr Crewther said. “The opportunity to meet with key government officials will inform the Sub-Committee’s inquiry to ensure that Australia is doing all it can to eradicate these monstrous crimes.”

Public hearing details: 9:00am to 5:00pm, Friday 11 August, Committee Room 2S3, Parliament House, Canberra

The full program for Friday’s hearing is available from the committee’s website.

This hearing will be streamed live at www.aph.gov.au/live.

Interested members of the public may wish to track the committee via the website

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Small business access to justice Bill

THE Australian Small Business and Family Enterprise Ombudsman has welcomed a Senate vote to improve access to justice for small business.

Ombudsman Kate Carnell said the passing of Labor’s Competition and Consumer Legislation Amendment addressed a key finding from her Small Business Loans Inquiry.

“Access to justice is an important issue for small business operators,” Ms Carnell said.

“The Senate bill allows Federal Court judges to waive liability for adverse costs to small business private litigants in cases related to the misuse of market power.

“It gives small business operators confidence to proceed with legal action, knowing they will only be liable for their own costs.

“This has the added benefit of filtering cases that might potentially be considered vexatious or unlikely to succeed, saving time and money for all involved.”

www.asbfeo.gov.au

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Committee convenes regional development roundtable

THE Select Committee on Regional Development and Decentralisation will convene a roundtable in Canberra today to kick off its inquiry. 

The Chair of the Committee, Dr John McVeigh MP said, “the Committee is bringing together a panel of experts to learn more about best practice in regional development, and how best to support sustainable rural and regional towns.  This is an exciting opportunity to hear from leading experts and practitioners in the field, which will help the Committee to identify some key issues for closer examination throughout the inquiry.” Dr McVeigh said. 

The panel will include the following people:

  • Mr Jack Archer: CEO Regional Australia Institute;
  • Professor Andrew Beer: University of South Australia, Chair Regional Studies Association;
  • Professor John Cole OAM: Executive Director of the Institute for Resilient Regions at the University of Southern Queensland;
  • Ms Anne Dunn: Director, Every Voice Inc;
  • Professor Fiona Haslam McKenzie: Co-Director/Senior Principal Research Fellow, Centre for Regional Development, University of Western Australia; and
  • Professor Tony Sorensen: University of New England

The roundtable is open to the public. Details of the roundtable proceedings, and a transcript of the discussion will be available on the Committee’s website.

Roundtable details:

Monday 7 August 2017, 11.00 am to 12.30 pm, Committee Room 2R1, Parliament House, Canberra.

The hearing will be broadcast live at aph.gov.au/live

Select Committee on Regional Development and Decentralisation

Interested members of the public may wish to track the committee via the website

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ATO reassurance welcomed says IPA

THE Institute of Public Accountants (IPA) has acknowledged the ATO’s effort to reassure the public of its IT system reliability during tax time 2017.

“It is good to see the ATO proactively reassure the public that its IT systems are withstanding the pressure of the current busy tax return season,” said IPA chief executive officer, Andrew Conway.

“We look forward to the ATO continuing to maintain functionality of all their systems throughout the rest of tax time 2017.

“Our members have borne the brunt of past system issues over a protracted period.  They are very relieved that the ATO has been able to maintain functionality of all their systems during this important part of the tax season where the bulk of individuals are trying to finalise their tax return and bring closure to the year just ended.

"The proof will be in the pudding and let’s hope for all concerned, that things are back on track. We won't take a backwards step in holding the ATO accountable to deliver a reliable IT system for the benefit of tax practitioners and taxpayers alike,” said Mr Conway.

publicaccountants.org.au

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Film and television industry inquiry hears from actor Roy Billing

THE House of Representatives Standing Committee on Communications and the Arts will conduct a public hearing in Canberra this week to hear from well-known actor Roy Billing.

The Chair of the committee, Mr Luke Howarth MP, stated that ‘Roy Billing is a household name in Australia, appearing in films like Rabbit Proof Fence and the Dish, and television shows like Underbelly, House Husbands and Blue Heelers.’

‘The Committee looks forward to hearing from this veteran of our screen industry and discussing some of the issues facing actors in Australia today’, added Mr Howarth.

Public hearing details:

Wednesday 9 August 2017, 12:45 pm to 1.30 pm, Committee Room 1R6, Parliament House, Canberra.

The hearing will be broadcast live at aph.gov.au/live

 www.aph.gov.au/FilmTV

Interested members of the public may wish to track the committee via the website

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Improving liveability in growing cities

STRATEGIES to improve the liveability and sustainability of Australian capital cities and regional centres in the face of steady population growth will be discussed at a public hearing in Canberra tomorrow.

The Committee on Infrastructure, Transport and Cities has invited Commonwealth agencies, peak bodies and academics to share their ideas as part of its inquiry into the Australian Government’s role in the development of cities.

Committee Chair, Mr John Alexander OAM MP, said the Committee is interested in exploring some of the issues face by growing cities in more detail with a view to identifying innovative solutions.

“The Committee recognises the primacy of state, territory and local governments in the planning and operation of our cities,” Mr Alexander said.

“However, we’d like to explore opportunities for the Commonwealth Government to contribute to the development of our cities and regional centres, be that through the provision of leadership, reducing red tape or facilitating the development of new regional centres.”

The Housing Industry Association suggested that the Australian Government should lead planning policy reform, stating that “whilst the planning system is managed by the states and territories, the Australian Government can have a significant influence in the delivery of streamlined approval processes for new land and housing developments, encouraging greater standardisation of development assessment processes and codes across borders.”

The Australian Logistics Council also argued that the Australian Government should have greater involvement in planning. “This will help to deliver better economic outcomes and the more efficient and safe delivery of freight by easing urban encroachment and helping to protect corridors for later infrastructure investment.”

Further information on the inquiry, including the full terms of reference, is available on the Committee website.

Public hearing details: 9am – 12pm, Friday 11 August, Parliament House, Canberra

9.00 am – 9.40 am: Department of Infrastructure and Regional Development
9.40 am – 10.20 am: Master Builders Australia
10.40 am – 11.20 am: Australian Logistics Council
11.20 am – 12.00 noon: Housing Industry Association

The hearing will be broadcast live at aph.gov.au/live

Interested members of the public may wish to track the committee via the website

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IPA's national PSC scheme approved

THE Institute of Public Accountants (IPA) has welcomed the public notification by the Professional Standards Councils (PSC) that its national scheme has been approved. IPA members who hold a professional practice certificate will be covered by a Professional Standards Scheme which is now being implemented nationally.

“We are very pleased that the PSC have endorsed an extension of our existing scheme in New South Wales to the rest of Australia via mutual recognition,” said IPA chief executive officer, Andrew Conway.

“We are going through a formal process including the statutory consultation period and liaising with all States and Territories to implement the relevant legislative instruments. These are technical processes and no issues are anticipated. It is akin to a Bill passing through Parliament but awaiting Royal assent.

“The IPA supports the principle guiding professional standards legislation.  The very existence of the PSC Schemes provides clarity and certainty to professionals and importantly the public that the professional they are engaging is appropriately covered. This is why we have been working constructively with the PSC to implement a national Scheme.

“Our scheme is very straightforward. All IPA members in practice must maintain a minimum professional indemnity insurance cover of $1m.

“It is important to note that the Scheme reflects the professional standing of the IPA membership which we respect. Ultimately members of the public trust public accountants; our members need to live up to those expectations.

“We will continue to work with the PSC and the State and Territory governments to have the Scheme enshrined in law as soon as possible.

“Members of CPA Australia wishing to retain protection of a limited liability scheme should consider applying for an IPA Professional Practice Certificate now and they will become automatically covered when it becomes law very soon,” said Mr Conway.

 

publicaccountants.org.au

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Reserve Bank Governor to appear before House Economics Committee in Melbourne

THE House of Representatives Standing Committee on Economics will hold a public hearing with the Governor of the Reserve Bank of Australia (RBA), in Melbourne from 9.30am to 12:30pm on Friday, 11 August 2017.

Since the previous hearing with the RBA in February 2017, monetary policy has remained accommodative with a cash rate of 1.50 percent.

In his August statement, the Governor noted the recent appreciation of the Australian dollar and said it is expected to ‘contribute to subdued price pressures in the economy.’ He remarked that ‘an appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast.’

The Governor also noted that business conditions have improved, stating that ‘some pick-up in non-mining business investment is expected.’ The RBA forecasts that current high levels of residential construction will be maintained for some time, before slowly easing.

The Chair of the House Economics Committee Mr David Coleman MP said ‘the Committee will examine these issues in more detail and will question the RBA on whether current monetary policy settings are adequate for encouraging growth and inflation consistent with future targets.’

Public hearing details: 9:30am - 12:30pm, Friday 11 August, Melbourne Town Hall, Yarra Room,Corner of Collins and Swanston Streets, Melbourne

The hearing will be broadcast live in audio format at aph.gov.au/live

Interested members of the public may wish to track the committee via the website

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Bond Business Leaders Forum:What is entrepreneurship really like?

QUEENSLAND's Inaugural Chief Entrepreneur, and founder of ASX-listed Blue Sky Alternative Investments, Mark Sowerby will provide the Gold Coast business community with a rare insight into the dynamic world of entrepreneurship at the Bond Business Leaders Forum on 10 August.

Regarded as one of the state’s great business success stories, Mr Sowerby was appointed to the newly established role of Chief Entrepreneur in 2016, with the brief of representing Queensland start-ups as an ambassador to nurture innovation and encourage investment.

With a background in agriculture and commodities trading, Mr Sowerby launched asset management business Blue Sky Alternative Investments in 2006, investing in private equity, venture capital, private real estate, water, infrastructure, hedge funds and agriculture.

Bond Business School Executive Dean, Professor Terry O'Neill, said Mr Sowerby's rapid rise to the top of the start-up community was inspirational, ideally positioning him to lead the discussion on the triumphs and trials of entrepreneurship.

"Mark will be discussing his successful 2015 swim across the English Channel - a 32 kilometre journey that he completed in 14 hours - as a parallel for the challenges faced in the fast-paced world of entrepreneurship, along with sharing his own experiences in the corporate world," he said.

"In just 10 years, Mark grew Blue Sky from a start-up to one of Australia's top 300 listed companies, with a market capitalisation of more than $500 million and a team of more than 80 staff in Australia and New York, before handing over the reins last year to spend more time with his family and help with projects that have a positive social impact.

“His impressive list of achievements and accolades includes being named Ernst and Young Entrepreneur of the Year for Queensland in 2015 and serving on the board of the Starlight Children’s Hospital Foundation and Racing Queensland.

"Anyone who has had the privilege of hearing Mark speak will know he is an inspiring and entertaining speaker, and I know those who attend the forum will walk away with a great insight into what it takes to succeed as an entrepreneur."

The Bond Business Leaders Forum, featuring Mark Sowerby, will be held at Bond University's Princeton Room on Thursday, 10 August. Tickets are $40 each,  $180 for a pack of five, or $300 for a pack of 10 tickets.

For more information and to register for the event, visit https://www.eventbrite.com.au/e/bond-business-leaders-forum-presents-mr-mark-sowerby-founder-blue-sky-private-equity-what-is-registration-35503031523

Who:   Queensland’s Chief Entrepreneur and Blue Sky Alternative Investments founder, Mark Sowerby

What: Bond Business Leaders Forum puts entrepreneurship under the spotlight

When: Thursday, 10 August: 5.45pm to 8.30pm

Where:  Bond University, Princeton Room, Level 3, University Centre (Building 6)

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PO Box 2144
MANSFIELD QLD 4122