Business News Releases

East West Link contract signing a win for Victoria

VECCI Chief Executive Mark Stone said VECCI welcomes the announcement that the contract to build the eastern section of the East West Link project has been signed. 

"The signing increases certainty around the project for business and signals the Napthine Government’s commitment to ensuring Victoria remains open for business," Mr Stone said.

"It is positive to see that the eastern section is expected to create 3,700 jobs during construction, which is in excess of the previously forecasted 3,200 jobs. 

"The project has long been supported by VECCI as it will reduce congestion, make the movement of freight more efficient and improve the amenity of Melbourne’s growth areas."

The Victorian Employers' Chamber of Commerce and Industry (VECCI) is the most influential organisation for employers in Victoria, informing and servicing more than 15,000 members, customers and clients around the state.

vecci.org.au

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Full steam ahead for job creating coal project

QUEENSLAND's peak resources sector body says today’s Commonwealth Government approval of Adani Mining’s North Galilee Basin Rail (NGBR) project brings the creation of more than 10,000 jobs a step closer.

Chief Executive of the Queensland Resources Council Michael Roche says the approval, which follows the Commonwealth Government's approval of the Carmichael mine, as well as the Queensland Coordinator General's approval of the NGBR in August, is welcome good news, particularly for the people of Central Queensland. 

‘There’s not been much good news of late for our coal sector and its employees, so this is just the sort of news that will be very welcome, particularly in our regional communities,’ said Mr Roche.

‘I congratulate Adani on earning federal approval for this pioneering rail project, which will lead to the creation of vital jobs and confirm the long-term contribution of the coal industry to the state and the nation.

‘The approval of the new 300 kilometre rail project is a boon for Queensland and for the developers, Adani Mining and their partners, Korean industrial giant POSCO.

‘The rail project alone could provide up to 2400 new jobs, connecting the Carmichael Mine, north west of Clermont to the Port of Abbot Point, north of Bowen.

‘Regional communities including Alpha, Clermont, Emerald, Bowen, Moranbah, Mackay, Rockhampton and Townsville are all expected to benefit from development of the so-far untapped resources in the Galilee Basin.

‘Coal provides more than 40 percent of the world's electricity and is predicted to soon overtake oil as the largest source of primary energy.

‘Despite baseless claims from the anti-coal brigade, the demand for thermal coal is forecast to rise substantially over coming decades with Asia alone requiring extra 46 million tonnes per annum of imported coal according to analysts HDR Salva.’

‘At its peak, the Carmichael Mine is expected to produce 60mtpa – less than one and a half year's forecast demand growth.

‘We have seen activist groups try every trick in the book to disrupt and delay Galilee Basin projects, which not only delays the supply of electricity to the developing world but also economic benefits to Queensland, and regional communities in particular.'

www.qrc.org.au

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VECCI welcomes State Government’s continued support for Victoria-Jiangsu Business Placement program

VECCI welcomes today’s announcement by the State Government that it will continue to support the Victoria-Jiangsu Business Placement (VJBP) program for the benefit it will bring to Victorian business.

“Stronger ties with China, Victoria’s largest trading partner, represent significant growth opportunities for Victorian business and an avenue to showcase what our great state has to offer,” said VECCI Chief Executive Mark Stone. 

“The program also enables cross-border collaboration, at both government and industry levels, through closer relations between Victoria and our sister state of 34 years, Jiangsu Province.”

The VJBP program was formed by VECCI, the Jiangsu Federation of Industry and Commerce (JFIC) and the Jiangsu Economic and Information Technology Commission (JEITC), with the support of the Victorian Government. The program enables Victorian businesses to travel to China to get a first-hand insight into Chinese businesses and promote Victoria as a place to do business.

The Victorian Employers' Chamber of Commerce and Industry (VECCI) is the peak body for employers in Victoria, informing and servicing more than 15,000 members, customers and clients around the state.

vecci.org.au

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Acclaimed filmmaker Lord David Puttnam coming to Brisbane

 

BRISBANE has attracted academy-award winning film producer and education, digital and trade leader Lord David Puttnam to speak next month at the Brisbane Global Café.

Finance and Economic Development Chairman Councillor Julian Simmonds said the Brisbane Global Café is a first for a G20 host city and aimed to capitalise on the city’s status as the ‘capital of the world’ when we host the 2014 G20 Leaders Summit.

“The Brisbane Global Café is a two-day event at Brisbane City Hall on 12-13 November leading into the G20 Leaders Summit on 15 & 16 November, featuring speakers, workshops, and media conferences, as well as a series of events those involving the visit by Lord Puttnam,” Cr Simmonds said.

“Lord Puttnam is a legend of the film industry - His visit will be a coup for the city and the Brisbane Global Café.

“Lord Puttnam will speak a public seminar at Griffith University on Monday, 6 October as part of its ‘Cinema of Hope: Producing for Screen and Society in the 21st Century’, and the following day, he will present at ‘A Conversation with Lord David Puttnam’ luncheon at Room Three Sixty, QUT Gardens Point Campus.”

Cr Simmonds said Lord Puttnam had produced films including Chariots of Fire,The Killing Fields, Midnight Express, The Mission and Local Hero. In 2010 he was President of the International Jury for the Asia Pacific Screen Awards.

“Lord Puttnam is a legend of the industry. His films have won 10 Oscars, including Best Picture for Chariots of Fire, as well as 25 BAFTAs and the Palme D’Or at Cannes,” Cr Simmonds said.

“He retired from film production in 1998 to focus on his work in public policy but retains a strong and active interest in national and global policy for film and the wider creative and communications industries. He is now the chair of Atticus Education, an online education company based in Ireland.

“The former Chancellor of the Open University UK and Sunderland University, he is the UK Prime Minister’s Trade Envoy to Vietnam, Cambodia, Laos and Burma, as well as the Irish Government’s ‘Digital Champion’.”

To book tickets to lunch with Lord Puttnam on Tuesday 7 October, go to http://wired.ivvy.com/event/FMC010 or to book tickets to Lord Puttnam’s Griffith University lecture on Monday 6 October, go towww.griffith.edu.au/puttnam-series

For more information on the Brisbane Global Cafe visit globalcafe.com.au

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Reef 2050 plan charts course for healthy future

THE REEF 2050 Long-Term Sustainability Plan launched today by the Australian and Queensland governments charts the course to progressively restore the health of the Great Barrier Reef over the coming decades. 

Queensland Resources Council Chief Executive Michael Roche said the action plan identifies the vital steps that must be taken in the next five years and beyond to protect the reef for future generations.

‘The Queensland Resources Council has been proud to be representing the resources sector in helping to develop this landmark Reef 2050 plan that will set a new course for turning around the health of our majestic reef,’ Mr Roche said. 

‘Achieving this ambition for the Reef cannot rely on governments alone. It will only be achievable with significant leadership and involvement from industry and all sectors of the community,’ Mr Roche said.

Reef 2050 is a comprehensive action plan that has been put together under the leadership of the Australian and Queensland governments, working with a Partnership Group comprising stakeholder representatives from the resources, ports, tourism, fishing, agriculture, Indigenous, local government, research and conservation sectors, Mr Roche said.

‘The contribution of the resources sector and its partner the ports sector, to the Reef 2050 actions and commitments is a substantial one, encompassing actions involving water quality monitoring and reporting, port development and dredging management strategies and commitments to using ships and ship crews that have been independently vetted for their quality,’ Mr Roche said.

‘In addition to these Reef 2050 actions, the resources industry expects to spend $250 million over the next 5 years on Reef-related environmental programs. 

‘We are part of a team that is working together to help turn around the health of the reef and I am pleased to say that many of the activities to improve the reef’s resilience are already well underway and achieving measurable gains,’ Mr Roche said.

www.qrc.org.au

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COSBOA pleased with draft recommendations from Harper review

 

THE Council of Small Business Australia (COSBOA) has congratulated Professor Ian Harper and the Review Board on the draft recommendations from the competition review released yesterday, but has also warned Australians to watch out for a campaign led by big business aimed at maintaining their dominance.

Peter Strong, Chief Executive of COSBOA said, “The draft shows that Minister for Small Business, Bruce Billson got the terms of reference right and we applaud him, Professor Harper and his team for all their work so far.

“We’re pleased to see the review has looked at urban planning and its impact on competition and that the effects test has also remained, although it’s still early days and we are yet to seek clarification on what it will actually mean to small business.

“We are concerned, however, about the reaction of big business to the proposed effects test. They have over-reacted, and unless there’s some underlying issue around their need to dominate through the suppression of competition, we don’t understand their panic," said Mr Stong.

The pharmacy industry is another area of big concern adds Mr Strong; “Allowing Coles and Woolworths to enter the pharmaceutical market would turn the provision of medicines into a profit making exercise instead of a health service.

“Pharmacists offer good service and build a relationship with their local community in order to make a living from their business. Coles and Woollies are only interested in profits, not people.

“Healthy competition should benefit consumers, economic productivity and our culture,” Mr Strong concluded.

http://www.cosboa.org.au/

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CSIRO to uncover insights into mining future at IMARC 2014

KEY insights into the future of mining at a national and global level will be presented by Australia’s national science agency – CSIRO –  at the International Mining and Resources Conference (IMARC 2014) in Melbourne next week (September 22-26).

CSIRO Chief Executive Megan Clark will provide IMARC delegates with a glimpse of mining in 2025 by describing the innovations, megatrends and technologies that will reshape the mining sector as part of an ‘incoming revolution’ (Tues 23 September).

The future of mining in Chile in the context of these global megatrends will be discussed at IMARC (Thursday 25 Sept) by Executive Director of CSIRO Chile Dr Orlando Jimenez.

CSIRO will release national citizen survey reports and data portals for Australia and Chile which will provide new insights into how the mining industry is perceived in each nation and what steps may be needed to sustain community support, acceptance and the ‘social licence to operate’ into the future (Tuesday 26 September).

IMARC participants will have the opportunity to hear from CSIRO’s Mineral Resources Flagship Director Jonathan Law about the key role of innovation in driving much-needed improvements in mining, mineral exploration and processing productivity.

Proving the point that ‘money does grow on trees’, CSIRO research geochemist Dr Mel Lintern will showcase the scientific method used to find gold in gum trees and now being applied for prospecting  in an area of Western Australian Mulga country the size of Greece. (Monday 22 September).

The trade exhibition at IMARC will include further information about a wide range of CSIRO productivity innovations and solutions across the value chain.

Highlights:

Gold in gum leaves and Mulga country – Dr Mel Lintern – Monday 22 September.
Attitudes to mining report release – Dr Kieren Moffat – Tuesday 23 September.
Innovation to drive productivity – Jonathan Law - Wednesday 24-Thursday 25 September.
Future of mining in Chile – Dr Orlando Jimenez - Thursday 25 September.

www.csiro.au

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Free tram initiative continues to neglect tourism needs

 

THE Victoria Tourism Industry Council (VTIC) has criticised the State Government for failing to include many of Melbourne’s centrally located tourist attractions in its Free Tram Zone.

“The tourism industry is disappointed that this latest announcement regarding the Free Tram Zone once again excludes many key attractions that are vital to our visitor economy,” said VTIC Chief Executive Dianne Smith.

“VTIC supports the Free Tram Zone initiative, but we have recommended to the State Government that the zone must be expanded and we will continue to advocate for this change for the good of the tourism industry.”

Excluded sites include:

- Melbourne Museum

- Melbourne Cricket Ground

- Melbourne Convention and Exhibition Centre

- Southbank precinct including Eureka Skydeck and the Crown Complex

- Victoria Arts Centre

- National Gallery of Victoria 

“Public transport in Melbourne plays a key role in facilitating tourism, supporting visitation to key venues and providing a smooth travel experience within our city. This is a golden opportunity to significantly improve the visitor experience and grow the tourism economy, so we will continue to urge the State Government to commit to making this change,” said Ms Smith.

Ms Smith’s comments come as the State Government unveils the signage that will be used to alert passengers that they are within the transport zone where they can travel on trams free of charge.

*

The Victoria Tourism Industry Council (VTIC) is the peak body for Victoria’s tourism and events industry, providing one united industry voice. Tourism and events are growth industries for Victoria and contribute $19.6 billion to the state economy each year and employ more than 200,000 people.

vtic.com.au

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Mining subsidies exposed as a sham - QRC

A REPORT by an anti-mining 'think tank' claiming that the Australian resources sector was ripping money from state and territory government coffers has been exposed as nothing more than sham.

The Australia Institute, a founding member of the anti-coal and gas movement, released a report in June claiming that state and Territory governments across Australia were subsidising the Australian resources sector to the tune of $17.6 billion over a six year period between 2008/09 and 2013/14 .

An independent analysis by a former head of the New South Wales Treasury, Michael Schur, has revealed fundamental errors in a report that was designed to deceive the public into thinking state governments were funding the Australia's resources sector instead of vital public services.

Queensland Resources Council Chief Executive Michael Roche said it was no surprise the report by The Australia Institute, called Mining the Age of Entitlement, was deeply flawed.

‘The litany of errors that peppers the report are obvious,’ Mr Roche said.

‘The bulk of the expenditure claimed as a subsidy, $10.3 billion, is associated with the commercial provision of rail, port, water and electricity services and infrastructure from which the government generates significant income.

‘In addition, $3.7 billion in capital expenditure claimed as a ‘subsidy’ was spent by the government on items such as roads.

‘The TAI incorrectly asserts that capital expenditure on road projects associated with the resources sector constitutes a subsidy. Roads are funded largely through general taxation and are available to all vehicles whether private or business.

‘The remaining investments—comprising about 20 percent or $3.6 billion—aren’t associated with the mining and resources sector at all and appear to have been incorrectly categorised.’

‘There are a lot of very effective campaigns from anti-mining activists who want to shut down the fossil fuel industry in Australia, but this effort by the TAI takes the cake.’

Mr Schur, Managing director of Castalia Strategic Advisors, who undertook the report, said TAI's claims in its report were based on a flawed analytical framework and were, in the main, unfounded. 

‘Behaving commercially is mandatory for government-owned businesses - or public trading enterprises - it is embedded in the legal, policy and institutional frameworks by which they are governed,’ Mr Schur said.

‘All their expenditure is by definition therefore commercial, and cannot be a subsidy to the mining and resources sector.

‘Inexplicably, The Australia Institute claims that about $1 billion in Queensland passenger rail concessions are somehow a subsidy to the mining and resources sector and no logical reason is provided as to why this may be so,’ he said.

Mr Roche said TAI report was remarkable for turning out an instant collection of howlers asserting so-called subsidies such as:

A barge landing at Aurukun (there is no mine at Aurukun)
The capital cost of expanding the Meandu coal mine (supplying Tarong Power Station) is being recovered through electricity charges. The government owns the mine and the power station.
Rail infrastructure concessions totalling more than $1 billion over 2012-13 and 2013-14 were not for the benefit of resources companies (who pay full commercial rates for track use and freight services) but essentially a budget subsidy for passenger transport and unprofitable regional freight services.

‘Last financial year, resources sector companies spent almost $38 billion in Queensland on wages, goods and services and communities.

‘That direct spending injection is calculated to have generated total spending of $76 billion – one quarter of the state’s economy.’

A copy of the Castalia report can be found on the QRC website. 


Watch on Vimeo - Michael Roche in response to The Australia Institute’s report that has been exposed as a sham:  

QRCMichaelRocheTAIreport from QRC on Vimeo.



ARA welcomes Draft Competition Policy Review Report

 

PEAK retail industry body the Australian Retailers Association (ARA) today welcomed the Harper Competition Review Draft Report.

ARA Executive Director Russell Zimmerman said that this is the first comprehensive review of Australia’s competition law, policy and institutional framework in 20 years.

“The ARA is hopeful that this review will help identify ways to build the economy and promote investment, growth, job creation and durable benefits to consumers and retailers alike.

“We certainly welcome the panel’s view that there is a need to reinvigorate Australia’s competition policy, and ensure that competition policy evolves.

“We were pleased to see the issue of trading hours brought to attention - as long as retailers are not forced to open by landlords if not profitable.

“It was also pleasing to see commentary about the effects test and the ARA will be putting forward a submission in relation to these areas before November to the Competition Policy Review committee,” Mr Zimmerman said.

Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041.

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Tourism investment needed to capitalise on strong visitor growth - VTIC

 

VICTORIA's peak tourism body is calling on both major parties to commit to recommendations to grow tourism jobs in the state, as Melbourne Airport reports significant passenger growth for the past year.

Victoria Tourism Industry Council (VTIC) chief executive Dianne Smith said that with the appropriate policy, the tourism industry could create nearly 9,000 additional jobs for Victoria over the next two years.

Ms Smith’s comments come in the wake of Melbourne Airport reporting its total passenger numbers grew by 4 per cent during 2013/14 to 31 million passengers. International passengers increased by 9 per cent to 7.75 million; while domestic passengers grew by 2 per cent to 23.3 million.

"Both major parties must commit to our priorities if Victoria is to maximise the benefits of increased visitor numbers and drive further growth,” said Ms Smith.

VTIC recommendations include:

- Increase marketing efforts to attract more Asian visitors: targeted communications campaigns and funding to make Victoria’s key tourist attractions more appealing to this group are needed. 

- Commit funding to the expansion of the Melbourne Convention and Exhibition Centre: the centre is currently turning away around 17% of booking requests due to lack of capacity, so this is vital to ensuring Melbourne retains the significant economic benefit from being Australia’s business events capital. 

"VTIC strongly supports the Airport Rail Link project for the benefit it will bring to guests coming to Victoria for both recreational and business purposes and we hope this project progresses as a priority,” said Ms Smith.

“We echo Melbourne Airport CEO Chris Woodruff’s sentiments on the need to secure better outcomes for international air service agreements for Melbourne. We must also remember that Melbourne Airport’s curfew-free status gives Victoria a distinct advantage over other states and we must ensure that this is preserved well into the future.

“The airport experience is often an international visitor’s first impression of Melbourne, if not Australia, so the major works and improvements that Melbourne Airport outlined in their Annual Stakeholder Report are a great investment for Victorian tourism and the visitor experience.”

For more information on VTIC’s recommendations please visit www.vtic.com.au.

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