Business News Releases

Feeding the Region: expert roundtable on food security

EXPERTS from around Australia and beyond are gathering in Canberra to explore the challenges of ‘Feeding and Energising Emerging Asia and the Pacific: Opportunities for Australia and New Zealand’ at the 60th Annual Conference of the Agricultural and Resource Economics Society.

The Foreign Affairs and Aid Sub-Committee of the Federal Parliament’s Joint Standing Committee on Foreign Affairs, Defence and Trade is conducting an inquiry into the role of Australian aid and our development partnerships through promoting agribusiness to reduce poverty and enhance stability in the Indo–Pacific region.

The Sub-Committee will hear from these visiting experts at the first public hearing for the inquiry at Parliament House, Canberra, on Thursday 4 February.  

The Hon Dr Sharman Stone MP, Sub-Committee Chair, said a roundtable exchange will explore experiences with experts from China, Indonesia, the United States and Australia. The focus will be on the economic and social underpinnings of food security in an evolving global market place, including how traditional foods are being replaced or transformed by modern production and supply methods in the Indo–Pacific region.

“To meet future food demands will require improvements in productivity, market systems, resource management and governance”, Dr Stone said. “The transition to more efficient or profitable production must also translate into better nutrition for the world’s poor.”

“The inquiry will consider how governments, NGOs and business can work with locals to overcome the stunting or obesity and consequent non-communicable diseases which now beset some of our nearest neighbours.”

Senior officers from the Australian Centre for International Agricultural Research will also take part in the round table.

Time: 12:45pm to 2:00pm        

Venue: Committee Room 1S4
Parliament House, Canberra

A live audio broadcast will be available at http://www.aph.gov.au/News_and_Events/Watch_Parliament

Further details about the inquiry, including copies of submissions and how to contribute, can be obtained from the committee’s website at www.aph.gov.au/jfadt or by contacting the committee secretariat on (02) 6277 2313 or emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

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Economics Committee to hold Tax Deductibility Roundtable

The House of Representatives Standing Committee on Economics will host a roundtable public hearing for its inquiry into Tax Deductibility in Canberra on Friday.

Date                Friday, 5 February 2016

Time                9.15am to 3.00pm

Venue             Committee Room 1R1, Parliament House, Canberra

Webcast         The hearing will be webcast (audio only) live

Among the issues to be discussed at the roundtable are ways to broaden the base of personal and company income taxes in order to fund reductions in marginal rates, including:

  • the deductibility of expenditure of individuals in earning assessable income, and
  • the deductibility of interest incurred by businesses in deriving their business income.

The roundtable will include a range of government and industry stakeholders, including:

  • Australian Bankers’ Association
  • Australian Council of Social Service
  • Australian Chamber of Commerce and Industry
  • Australian Financial Markets Association
  • Australia Petroleum Production and Exploration Association
  • Australian Private Equity and Venture Capital Association
  • Australian Taxation Office
  • ADJ Consultancy Services
  • CPA Australia
  • Chartered Accountants ANZ
  • Commercial Asset Finance Brokers Association of Australia Ernst and Young
  • Housing Industry Association
  • Institute of Public Accountants
  • KPMG
  • Law Council of Australia
  • Minerals Council of Australia
  • Mr Richard Highfield (Private Capacity)
  • Parliamentary Budget Office
  • Property Council of Australia
  • Research Australia
  • Tax Justice Network
  • The Treasury

A program and details about the inquiry, including copies of submissions, are available.

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Two weeks left to apply for Horizon Scholarship

FIRST-year university students who are studying an agriculture-related university degree only have two weeks left to apply for the Horizon Scholarship.

The Horizon Scholarship, an initiative of the Rural Industries R&D Corporation, in partnership with industry sponsors, provides $5,000 per year for the duration of a student’s university degree. Applications close on Friday, 19 February 2016.

The Horizon Scholarship also offers students annual industry work placements that give them first-hand exposure to modern agricultural practices, access to industry leaders, professional development workshops and opportunities to network and gain knowledge at a range of industry events.

Current Horizon Scholar, Paul Sanderson is studying Agricultural Science at Charles Sturt University in Wagga Wagga and he said the Horizon Scholarship provides much more than just financial assistance.

“I really wanted to have a good go at Horizon, because it just really gave the complete package - there are a lot of other scholarships out there that are just financial, but the opportunities that Horizon creates are a lot more valuable than the money itself,” Paul said.

“The industry networks I’ve gained through Horizon will definitely help somewhere along the line - whether I do extra off-farm work or not, those contacts will help me through my career no matter what pathway I take,” Paul said.

“With industry placements and of course the financial payments providing support through university, it’s a fantastic all-round program,” Paul says.

One of the most valuable aspects for Paul has been the industry placements, with his first experience in January 2014 taking him to a cotton farm in southern Queensland.

“Being sponsored by the Cotton Research Development Corporation, I felt it was the best opportunity for myself not having any background in cotton to get up there and learn about the industry.

“Horizon put me on to a fantastic farmer and I went up there and spent some time with him, and he also gave me opportunity to work with agronomists and other industry people while I was there.

“It really is the all-round package for young people wanting to get into agriculture – it’s a great program because agriculture really needs a lot more people getting on-board,” he said.

RIRDC’s Managing Director, Craig Burns said the Horizon Scholarship has been developed to support the next generation of agricultural leaders who will take up the challenge of farming for the future.

“The Horizon Scholarship not only provides students with financial support, but also invaluable personal development and networking opportunities,” Mr Burns said.

To be eligible for The Horizon Scholarship students must be entering their first year of university and studying a degree related to agriculture, such as agricultural science, rural science, livestock/animal science, veterinary science or agribusiness and plant science. Students must also have started their tertiary studies no longer than two years after leaving high school.

Scholarship recipients will be selected on the basis of their commitment to a career in agriculture, as well as their leadership potential and high school academic record. The Scholarship winners are announced in March 2016.

Application forms can be completed via the RIRDC website at www.rirdc.gov.au/horizon

Sponsors of the Horizon Scholarship are the Australian Egg Corporation, ANZ, the Cotton Research and Development Corporation, the Grains Research and Development Corporation, Horticulture Innovation Australia Limited, McCaughey Memorial Institute, Meat & Livestock Australia, Sugar Research Australia, and RIRDC (Rice and Chicken Meat research programs).

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Parliament must pass ABCC Bill to boost productivity and confidence in Victoria’s construction industry

VICTORIAN Chamber of Commerce and Industry Chief Executive Mark Stone said the Parliament of Australia must pass legislation to restore the Office of the Australian Building and Construction Commissioner (ABCC) to improve productivity, drive investment and restore confidence in Victoria’s building and construction industry.

"Victoria’s small, medium and large building and construction businesses need this independent regulator to ensure their growth is not hampered by unlawful behaviour," Mr Stone said.

"Unlawful industrial action can cost Victoria through lost productivity and reduced employment prospects, and damage our international reputation as a place to do business.

"We need a framework that ensures Victorians get the infrastructure and construction projects they need in the most cost-effective and safe way, that builds business confidence in Victoria as a solid and predictable investment choice," Mr Stone said.

"The restoration of the ABCC is in-keeping with the recommendations in our submission to the Productivity Commission’s review of Australia’s workplace relations framework and the united chamber movement’s 2013 election agenda.

"The Coalition Government was elected with a policy to restore the ABCC and we urge the Parliament of Australia to pass this vital legislation in a timely manner."

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.

victorianchamber.com.au

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Small Business and Family Enterprise Ombudsman appointment welcomed by the Victorian Chamber

VICTORIAN Chamber of Commerce and Industry has welcomed the appointment of Kate Carnell to the role as Small Business and Family Enterprise Ombudsman.

"The Victorian Chamber congratulates Ms Kate Carnell AO on her new role as Small Business and Family Enterprise Ombudsman and welcomes her appointment to this important position," Victorian Chamber chief executive Mark Stone said.

"Ms Carnell has been a strong and effective advocate for small business in her previous role as Chief Executive Officer of the Australian Chamber of Commerce and Industry and we look forward to continuing to work with her to advance the interests of Victorian small business," he said.

"The establishment of the Small Business and Family Enterprise Ombudsman is strongly supported by the Victorian Chamber and is in-keeping with the united chamber movement’s Small Business – Too Big to Ignore 2013 election agenda.

"This important new position gives small business a stronger voice, helping them to continue to innovate, grow their workforces and achieve further success.

"We commend the Turnbull Government on this appointment and wish Ms Carnell all the best in her new role."

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.

victorianchamber.com.au

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COSBOA declares a win for small business with Ombudsman

THE Council of Small Business Australia (COSBOA) today declared the appointment of Kate Carnell as Australia’s first Small Business and Family Enterprise Ombudsman a huge victory for small business.

The creation of this position, by Minister Kelly O’Dwyer, is fully supported by COSBOA’s CEO, Peter Strong, who says: “We have been calling for an Ombudsman for our sector since 1977 when our association was first formed by concerned small business supporters. No other group has called for such a position until recently, so it seems that patience does pays off.

“Kate Carnell is a great selection and will help develop laws that specifically help and not hinder small business. With her experience in politics as an ex Chief Minister of the ACT and, running her own small business, we believe Ms Carnell is perfectly positioned to understand and represent the concerns of the small business community.”

Mr Strong added: “COSBOA knows from deep experience that some big businesses, Wesfarmers in particular, has used money, resources and its political influence to stop any policy that may provide fairness for small business.

“COSBOA also knows that government agencies still design tender processes and business communications to make their job easier, rather than get the best business outcome for government. Hopefully all this can change now that Ms Carnell is in place.”

Like COSBOA, Ms Carnell also supports an effects test with Peter Strong commenting: “The recent decision by the Abbott Government to shelve an effects test in competition law is a great example of how big business is in control. However, now with Kate Carnell in her new role we can expect an internal bureaucratic fight, while never even, at least the interests of small business are being represented.

"COSBOA hopes the appointment of Ms Carnell will improve communications and process for small business, as well as dispute resolutions, as she has the skills to stop many disputes happening or reaching a need for action.

"COSBOA is committed to representing the interests of small businesses across Australia, actively lobbying the Government to realise the role and importance of small enterprises for the economy and the country’s culture.

"Furthermore COSBOA publicly looks to put a stop to unfair big business practises, which have a harmful effect on small business."

For more information on COSBOA, visit  www.cosboa.org.au

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Business leaders to sell The Big Issue magazine

MORE than 60 senior business leaders and politicians will sell street magazine The Big Issue this week in a national campaign to shine a spotlight on homelessness and disadvantage.

Telstra CEO Andy Penn, PwC CEO Luke Sayers and Perpetual Managing Director and CEO Geoff Lloyd are among the high-profile cohort taking to the streets for half an hour to spruik the magazine from February 1-5.

ACTU President Ged Kearney and politicians including Premier of NSW Mike Baird, Deputy Leader of the Opposition Tanya Plibersek and Senator for the ACT Katy Gallagher are also taking part in the event.

The leaders will don The Big Issue’s trademark fluoro vest at various times and locations during the week.

The initiative is part of the fourth annual International Vendor Week (February 1-7, 2016), which raises awareness for the 11,000 people who sell street papers in 35 countries around the world.

For a list of guest sellers participating in International Vendor Week 2016, please visit http://www.thebigissue.org.au/news/2016/01/18/international-vendor-week/

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Apply to drive research and deliver results for Australia

THE Minister for Industry, Innovation and Science, Christopher Pyne, has announced that applications are now open for the latest round of funding for CRCs and CRC Projects (CRC-Ps).

Mr Pyne said the funding rounds were the first held under the Government’s new CRC Programme guidelines.

“Improving collaboration between researchers and industry to cultivate a more innovative and entrepreneurial economy is a key pillar of the new National Innovation and Science Agenda – and that’s why the Government committed to opening this CRC round as part of the agenda”, Mr Pyne said.

“The new guidelines, released in December, mean that funding will be prioritised to those CRCs and CRC-Ps that are aligned with the six Industry Growth Centres and the Government’s nine Science and Research Priorities.

“However, the programme will be flexible enough to address emerging priority areas and consider proposals from other industry sectors.”

Traditional CRCs will support medium to long-term industry-led research; CRC-Ps will focus on shorter term activity with an emphasis on involving SMEs.

"The CRC programme has been successful over a long period of time in solving industry problems, and getting great Australian innovations – like the Cochlear ear implant – to market.

“We’ve placed industry at the front and centre of the CRC Programme so we can build on our strengths in high quality research to improve the competitiveness, productivity and sustainability of Australian industries.”

Funding rounds for CRCs (Round 18) and CRC-Ps (Round 1) open for applications on 1 February. CRC-P applications close on 17 March; CRC applications close on 31 March.

Applications that are industry-led and focused on practical outcomes are encouraged to apply.

Webinar information sessions will be held on 23 and 24 February.

Visit www.business.gov.au/crc for further information on the selection rounds and to register for the webinars.

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Wodonga hearing for inquiry into agricultural innovation

THE House of Representatives Agriculture and Industry Committee will conduct a public hearing in Wodonga on Thursday, January 28, for the inquiry into agricultural innovation.

Appearing at this first interstate hearing for the inquiry will be a range of local farming, research and scientific organisations with experience of emerging agricultural technology and barriers to its adoption.

The hearing will be held in the Meeting Room, The Cube Performing Arts Centre, 118 Hovell St, Wodonga:

Thursday, 28 January 2016

8.30am North East Catchment Management Authority

9.00am Mr Don Lawson OAM

9.30am NutriHealth International

10am Riverina Local Land Services

10.45am Alpine Valleys Dairy Pathways Project

11.15am Rutherglen Premium Lamb

11.45am Charles Sturt University

The public hearing will be webcast live at: http://www.aph.gov.au/News_and_Events/Watch_Parliament

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ARA applauds small business appointment

THE Australian Retailers Association (ARA) has congratulated Kate Carnell on her appointment as Federal Government’s first Small Business Ombudsman, with the peak retail industry body throwing its full weight behind Prime Minister Malcolm Turnbull’s decision.

ARA Executive Director, Russell Zimmerman, said Ms Carnell’s appointment as Small Business Ombudsman is an excellent choice, and commended Mr Turnbull and Small Business Minister, Kelly Dwyer on their selection of Ms Carnell for the important post.

“On behalf of the ARA and the retail industry, I’d like to congratulate Kate Carnell and wish her all the best in her new role,” said Mr Zimmerman.

“Kate has done a fantastic job over the last couple of years in her role as CEO of the Australian Chamber of Commerce and Industry (ACCI) and we look forward to continuing our relationship with her as Small Business Ombudsman.

“Kate is a staunch supporter of small business, with a wealth of experience, having owned her own pharmacy, and held CEO roles at the Australian Food and Grocery Council, Beyond Blue, and Chief Minister of the ACT, among others.

“The ARA and Australian retailers hope to continue our strong association with Kate in helping to better small business in Australia,” Mr Zimmerman said.

"The ARA would also like to thank Mark Brennan, outgoing Small Business Commissioner for his work for the small business community over the past three years."

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $284 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 5,000 independent and national retail members throughout Australia.

For more information, visit www.retail.org.au or call 1300 368 041.

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CAPA Iran Aviation Summit opens in Tehran – huge opportunity ahead with some challenges

THE CAPA Iran Aviation Summit – the first international business event in Iran in any sector of the economy since the lifting of international sanctions – opened in Tehran today (January 24) with 400 delegates and media in attendance.

The Summit was inaugurated by the Minister of Roads and Urban Development, Dr Abbas Akhoundi, Government of Iran.

The summit brings together senior Iranian government and aviation officials and international guests from leading aviation and travel organisations to explore the prospects for market development in the post-sanctions environment in Iran.

Peter Harbison, CAPA’s Executive Chairman, said, “The aviation market potential in Iran is immense due to the pent-up demand after decades of sanctions. We are delighted to have been part of this landmark international event and wish to thank Iran Airports Company and the Iran Civil Aviation Organization for their invaluable support."

According to CAPA research, the size of Iran's economy, on a PPP basis, sits somewhere between that of Turkey and Australia whose commercial airline fleets range between 500-600 aircraft. In sharp contrast, Iran's airline industry is understood to have an operational commercial fleet of just 135 aircraft, with one of the highest average ages in the world. A further 80 aircraft are grounded due to the impact of sanctions on the ability to maintain their airworthiness.

In theory the economic fundamentals in Iran should support the ability to absorb 300 aircraft over the next five years, but it is another question as to whether that is feasible in practice will depend on Iran’s vision and ability to achieve it.

Such a rate of growth would place immense pressure on airport and airspace infrastructure as well as management and technical skills, even in mature markets.

“Rapid growth will not come without challenges”, said Mr Harbison. “This is especially the case as Iran’s aviation eco-system will need to adapt to a generational leap forward in aircraft technology and develop aviation skills and competencies. The opportunities for the people of Iran, its aviation sector and for global suppliers however are very exciting," he concluded.

About the CAPA Iran Aviation Summit

Following the announcement in Vienna on January 16 that nuclear-related sanctions against Iran have been lifted, the CAPA Iran Aviation Summit is the first international gathering of business leaders in post-sanctions Iran in any sector.

The Iranian delegation comprised some 160 senior officials from the national airport, airline, travel and transportation industries including government ministers and leaders. The foreign delegation of over 160 attendees were drawn from 35 countries:

CAPA Iran Aviation Summit Attendees by country (%)

 

About CAPA

Established for over 25 years, CAPA delivers market analysis and data that support strategic decision making at many of the world’s most recognised organisations. CAPA Membership provides access to the premium news, analysis and data services.

CAPA also organises leading aviation and travel summits around the world. Global aviation Summits will be held this year in Tehran, Mumbai, Singapore, Dublin, Las Vegas, Brisbane, Tokyo, Cartagena and Amsterdam. Corporate Travel events will be held in Sydney, Brisbane, Melbourne, Auckland, Adelaide, Perth and Singapore. 

www.capaevents.com

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