Business News Releases

COSBOA calls on Coles and Woolworths to voluntarily divest to let Australian innovation flourish

 

THE Council of Small Business Australia (COSBOA) has called on major retailers Coles and Woolworths to voluntarily divest in order to free up competition and innovation in Australia.

The call comes as part of COSBOA’s submission to the Harper Review – the first comprehensive review of competition laws and policy in Australia in more than 20 years. The review panel, headed by economist Professor Ian Harper, recently released its Issues Paper and has asked for stakeholder submissions before the final report, expected to be released in 12 months.

"We have provided a range of recommendations and solutions, but the best way to solve this problem once and for all is to divest Coles and Woolworths,” says COSBOA CEO Peter Strong.

“We understand that involuntary divestiture is unlikely and difficult, so we call upon the boards of Woolworths and Coles to voluntarily break themselves up into several companies.

"They should do this in a way that benefits their shareholders and frees up competition and innovation.

“This is not just about competition between retailers; our submission highlights the negative effects on innovation and productivity that is currently occurring in Australia,” says Mr Strong.

“One major cause is the stifling impact on the great innovators of Australia, small business people, by the domination of a few large companies. Our standard of living will decrease unless we can liberate our innovative spirit from the chains of mental bondage created by the overly powerful duopoly and large landlords.”

Mr Strong points out that ACCC Chairman Rod Sims has also highlighted productivity as an issue that needs to be addressed and laments the loss of a pro-competition culture. Sims says innovation will come from competition, real competition, and the recommendations from the review must make competition free and fair.

Mr Strong adds: "There are many other negative outcomes that come from this domination by a few, including effects on our culture. Small business people can enrich and grow our culture through their activities, while the big end of town can often be predictable and cultivate consumerism rather than a culture of community."

See COSBOA’s full response to the Competition Policy Review HERE

See a copy of Rod Sims Speech HERE

www.cosboa.org.au

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Australian Small Business White Paper Summit

THE Institute of Public Accountants (IPA) has been joined by a number of leaders and key stakeholders at a special roundtable discussion on June 25 of major issues facing Australia’s small business sector. 

The IPA’s first Australian Small Business White Paper Summit held today in Parliament House in Canberra, was designed to provide a credible and influential voice on key policy matters impacting small business.

“We have brought to the table, substantial research, practitioner insights and industry views to formulate the first industry-led Small Business White Paper,” said IPA chief executive officer, Andrew Conway.

“I am very grateful to today’s participants who echoed our passion for small business, with genuine debate on a broad range of key issues.

“However, this is just the starting point; the commitment made today is to facilitate ongoing discourse to ensure when small business speaks, it does so with the support of industry, evidence based research and on a platform that aims to boost productivity of our nation’s small businesses.

“The importance of small business growth as a driver of Australia’s productivity is growing rapidly and we must do what is in our power to develop economic policy that charts a sustainable future for small business,” said Mr Conway.

The Australian Small Business White Paper Summit covered six key areas of focus:

1.    Australia’s small businesses are appropriately regulated; providing a safety net without stifling entrepreneurship.

2.    Australia’s small businesses operate on a level playing field.

3.    Links to our regional trading partners are facilitated to open export markets for small business.

4.    Australia’s small businesses have access to responsible finance.

5.    Australia’s small businesses are encouraged to innovate.

6.    Australia’s taxation system serves to encourage small business growth rather than stifle it.

www.publicaccountants.org.au

 

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Milestone shows confidence in Queensland resources sector

QUEENSLAND’s peak resources sector body says a new underground operation at the Ernest Henry copper mine in the state’s North West demonstrates a high level of confidence in the sector by mine owners Glencore.

The $589 million dollar underground project, which transitions the mine from an open-pit operation, was officially opened today by the Minister for Natural Resources and Mines Andrew Cripps.

"This new kilometre-deep hoisting shaft is a significant milestone for the mine and will extend its life to 2026," said QRC Chief Executive Michael Roche.

"I congratulate Glencore and particularly the company’s local team lead by Chief Operating Officer Mike Westerman on this visionary project that will double copper production to 6 million tonnes per annum next year and eventually double annual metal production to 50,000 tonnes of copper and 70,000 ounces of gold in concentrate.

"It’s great news for the 500 employees and contractors and will ensure that Cloncurry remains a vibrant community.

"I also congratulate the Newman government for ensuring the region benefits from the prosperity it generates for Queensland by providing the Cloncurry Shire Council with more than $5 million for the construction of a heavy vehicle bypass and upgrades to the local airport from the Royalties for Regions program."

www.qrc.org.au

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ABS visitor accommodation statistics reinstated after industry advocacy

 

AFTER significant protest from the Victoria Tourism Industry Council (VTIC), the Federal Government has reversed its decision to cut funding for the long-running Survey of Tourist Accommodation statistics program.  

“This data is a vital business resource and without it we would not be able to gauge how accommodation businesses are performing. Abolition would have severely hampered the industry’s ability to learn, grow and realise its potential,” says VTIC Chief Executive Dianne Smith.

“In partnership with the Accommodation Association of Australia and the National Tourism Alliance, we called for the reinstatement of this crucial program and welcome this outcome.”

Ms Smith’s comments come after the Federal Government announced the continuation of the Australian Bureau of Statistics’ (ABS) Survey of Tourist Accommodation program – a reversal of a recent announcement of its abolition.

The announcement was made at the Coalition Friends of Tourism dinner in Canberra last night, attended by Ms Smith.

“The data provided over three decades is essential in informing policy and operational decisions across the tourism industry, as well as for building effective business cases for potential investors, both in the accommodation industry and the tourism sector more broadly,” says Ms Smith.

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.

www.vecci.org.au

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Melbourne to host the 2014 National Small Business Summit

 

The Council of Small Business of Australia (COSBOA) has partnered with the Victorian Government to bring the key issues facing small business to the top of the national agenda by co-hosting the 12th annual National Small Business Summit to be held at the Crown Conference Centre, Melbourne on 7 – 8 August 2014.

Robert Mallett, Chair for COSBOA said that Melbourne was the logical choice for this year’s summit location with the next State election for Victoria scheduled for Saturday, 29 November and the Small Business Festival Victoria running from 1 - 31 August, providing a robust platform for debate and discussions.

“Partnering with the Victorian Government will help to build on the momentum of last year’s hugely successful Summit held in the lead up to the federal election, and will ensure that COSBOA continues to provide a strong voice for Australian small businesses,” Mr Mallett said.

“We invite anyone interested in the health, wealth and wellbeing of the small business sector to participate in the important debates and discussions at the 2014 National Small Business Summit to help shape the future of our country and economy.”

The 2014 Summit is once again expected to draw a stellar line-up of speakers and attendees, such as the Prime Minister, Leader of the Opposition, Treasurer and Small Business Commissioner.

“The networking opportunities and depth of conversation presented will move the issues facing small business forward. The Summit attracts small business representatives, senior politicians, bureaucrats and big business representatives in an annual exchange of ideas, opinions and experiences aimed to drive change and build productivity,” added Mr Mallett.


“The theme of People, Policy and Productivity will continue to drive the Summit agenda and COSBOA will remain focussed on vital issues such as workplace relations; the collection of superannuation; contract law and competition policies; women in business and the burdensome compliance and regulation demands placed on small business people.

“Small businesses are a major part of the Australian economy, employing over 4.5 million people and greatly contributing to local communities. It’s small business people who have the capability to innovate and deal with adversity, and COSBOA is committed to ensuring they receive the recognition and support they need and deserve.”

Registrations for the 2014 National Small Business Summit are now open.

Visit: www.nationalsmallbusinesssummit.com.au for more information and to register today.

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

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QRC - Another day, another bogus report from left field

THE AUSTRALIA Institute has outdone itself with an economic analysis of the Queensland resources sector that would embarrass the North Korean government.

‘TAI has produced some howlers in the past but today’s effort takes the cake,’ said Queensland Resources Council Chief Executive Michael Roche.

‘The report details all manner of state government business expenditure but completely ignores the other side of the balance sheet.

‘Almost every capital project undertaken by government-owned businesses for resources sector power supply and distribution, water, rail and port capacity gets a headline.

‘Studiously and fraudulently avoided is acknowledgement that these projects were executed on a fully commercial basis, with resources companies entering into commercial contracts that underwrote the capital expenditure and provided commercial returns to government-owned businesses.

‘Not only were these projects undertaken at no cost or risk to taxpayers but their commercial returns were served up as government-owned business dividends in successive state budgets.’ 

In 2009-10 the then QR National coal freight business reported earnings before interest and tax (EBIT) of $224 million. The associated coal network (track) business reported an EBIT of $277 million, with a dividend to the Queensland Government of $215 million.

A search of the document for the word ‘dividend’ will produce a nil return.

Mr Roche said the TIA report was remarkable for turning out an instant collection of howlers 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.

‘Virtually the only accurate account of state government expenditure is that by the Mines Department, which is tiny compared with the royalties returned to the state government each year,’ Mr Roche said.

‘The current State Budget forecasts that royalties of worth some $15 billion will be collected from the Queensland resources sector over the next four years, but that’s only part of the equation.

‘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.’

Mr Roche said the latest TAI report comes as no surprise, given that the organisation’s executive director is a founding member of the anti-coal and gas movement trying to shut down Queensland’s leading export industries.

‘TAI is a sausage machine for reports that deliver the same answer every time, regardless of the question,’ Mr Roche said.

 

www.qrc.org.au

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Slashing ABS visitor accommodation statistics slashes Victoria’s tourism growth potential

 

SLASHING the long-running Survey of Tourist Accommodation statistics program has diminished the state’s tourism growth potential, says the Victoria Tourism Industry Council (VTIC).

“This data is a vital business resource and without it we will not be able to gauge how accommodation businesses are performing. This will severely hamper the industry’s ability to learn, grow and realise its potential,” says VTIC Chief Executive Dianne Smith.

Ms Smith’s comments come as the Australian Bureau of Statistics (ABS) announces the abolition of its Survey of Tourist Accommodation program, which has provided crucial data to the tourism sector for more than 30 years.

“The data provided over three decades has been essential in informing policy and operational decisions across the tourism industry, as well as for building effective business cases for potential investors, both in the accommodation industry and the tourism sector more broadly,” says Ms Smith.

“In partnership with the Accommodation Association of Australia, we call for the reinstatement of this crucial program.

“We strongly urge Minister Robb and the Parliamentary Secretary to the Treasurer, Steven Ciobo, to address this situation which will significantly affect this vital industry.”

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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More red tape cuts secured for small business through latest changes to tax reporting

VECCI Chief Executive Mark Stone said the organisation welcomed today’s red tape reduction measures announced by the Minister for Small Business, Bruce Billson MP, delivering an estimated $56 million reduction in compliance costs for eligible small businesses.

"The administrative changes will provide red tape relief to an estimated 372,500 small businesses nationally and answer one of VECCI’s 2013 Election priorities for cuts in red tape," Mr Stone said.

"Approximately 32,500 businesses with no GST reporting requirements will no longer have to lodge a business activity statement (BAS) while a further 340,000 businesses will no longer have to interact with the PAYG instalment system, freeing up time and saving on preparation and filing costs.

"These sort of practical measures save time and money and let small business women and men get on with building better businesses, serving more customers and providing jobs and wages to millions of Australians. 

"A continuing red tape reform agenda is vital to ensuring Victoria remains prosperous and competitive and Minister Billson and the Government are to be commended for these latest initiatives."

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.

www.vecci.org.au

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PPL levy would penalise employers already leading the way

 

IMPOSING a new tax on Australia’s 3000 largest companies to fund the Abbott government’s Paid Parental Leave (PPL) scheme would penalise those employers already leading the way in PPL practices, says Australia’s resource industry.

"In an industry that pays among the highest wages in the country and actively seeks to recruit and retain more women, many of our larger members already have in place more attractive paid parental leave arrangements than the government’s model,” says Steve Knott, CEO of Australia’s resource industry employer group, AMMA.

“Not only would these employers be paying for something they won’t use, but the proposed PPL levy would penalise those who have been leading the way for years.

“This is a particularly bad idea when Australia is already one of the most expensive places in the world for new resource industry development and employers are under increasing competitive and cost pressures.

“We have been very consistent with the Coalition, both in government and in opposition, that a PPL scheme that imposes a new tax on our members won’t be supported.”

AMMA believes increased workforce participation in areas where women are underrepresented is best achieved through investment in attraction and retention programs.

Through its national initiative the Australian Women in Resources Alliance (AWRA), AMMA has enjoyed funding support from both the current and former Australian Government’s in increasing the level of women in the wider resource industry.

“The resource industry acknowledges the ongoing support from the Australian Government that is assisting to increase our level of women employees. This is highly beneficial to both the resources sector and the national economy,” Mr Knott says.

“Only last month the government announced it would provide a further $440,000 in funding for the AWRA e-Mentoring program, an initiative that has had great success in connecting women in the resource industry with mentors across the country.

“Such initiatives, coupled with company-sponsored childcare, flexible working arrangements and return to work programs as well as innovative parental leave entitlements, have seen our industry make great in-roads in this area.

“Employers in our sector continue to advance on these initiatives even as we face declining commodity prices and a more challenging economic environment.

“Any government PPL scheme should be funded through consolidated national revenues and not pushed onto those employers already heavily investing in gender inclusion initiatives.”

www.amma.org.au

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UNESCO vote of confidence in reef management

 

UNESCO’s World Heritage Committee (WHC) has delivered a vote of confidence in Australia’s ongoing management of the iconic Great Barrier Reef (GBR). 

Queensland Resources Council Chief Executive Michael Roche said all Australians would welcome the committee’s decision in Doha (Qatar) to reject activist calls to place the reef on the World Heritage ‘in-danger’ list.

‘We are pleased the committee is as focused on the future management of the Great Barrier Reef as we are here,’ Mr Roche said.

‘The decision is global acknowledgement that Australia is on track to deliver a long-term plan for conservation of the Great Barrier Reef’s outstanding universal value (OUV).

‘The federal and state governments’ progress on improving the reef’s management and health is evident from the recently released Queensland Ports Strategy and Reef Water Quality Report Card.’

Mr Roche said the report card confirmed science-based programs were improving reef water quality, which in turn, would play a role in reducing Crown-of-Thorn starfish outbreaks.

Storm damage, starfish outbreaks and coral bleaching were identified by the Australian Institute of Marine Science in 2012 as the major threats to reef health.

‘In relation to future port management, the Cumulative Impact Assessment prepared for the Abbot Point coal terminal expansion has created a new standard for informing government decision-makers.

‘The cumulative approach to environmental impacts gave the federal government and the Great Barrier Reef Marine Park Authority the scientific confidence they needed to approve the project subject to 142 conditions.

‘Maintaining the outstanding universal value of the Great Barrier Reef was the centrepiece of the assessment process, which has set a world class benchmark for marine precinct management.’

Port-related activities along the 2,300 kilometre-long Great Barrier Reef occupy less than one percent of the coastline and the areas set aside for sediment relocation represent less than 0.02 percent of the world heritage property area.

www.qrc.org.au

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Winners chosen – 2014 eftpos ARA Australian Retail Awards

PEAK retail body the Australian Retailers Association (ARA) encourages all retailers to be in quick to purchase tickets to the retail industry’s most recognised awards event of the year - the 2014 eftpos ARA Australian Retail Awards.

Winners of all categories, including the 2014 eftpos Australian Retailer of the Year, will be announced at the Awards Breakfast on Tuesday July 15 at the Grand Hyatt, Melbourne in front of over 500 of Australia’s finest retail professionals.

ARA Executive Director Russell Zimmerman said judging has now officially been confirmed and this year’s winning retailers have been chosen.

“The extremely high calibre of this year’s entries simply blew us away. Our expert judging panel had the difficult task of assessing each submission and confirming an overall winner for each category.

“The ARA and all of our sponsors are excited to announce the 2014 award winners in front of their peers and media at the Awards Breakfast.

“Retail has been doing it tough over the last year, but we mustn’t forget to stop and celebrate those innovative retail leaders who are managing to succeed in the face of adversity. We can all learn a great deal from hearing their stories.

“Derek Dyson, Specsavers Global Retail Director, will be delivering the keynote address at the breakfast and we believe the Specsavers story is certainly one worth sharing.

“The Specsavers brand has become a centrepiece of Australian retail, initially entering the Australian market in 2007 as a wholesale business before opening their first stores in 2008 in Melbourne. There followed one of the fastest retail roll-outs ever seen in Australia with 100 Specsavers stores opened over the course of just 100 days – a truly inspiring retail story that needs to be shared.

“Retailers are also looking forward to an address from The Hon Russell Northe MP, Minister for Small Business, who will also present the coveted Victorian Government Victorian Retailer of the Year Award.

“The ARA Awards Breakfast is shaping up to be one of ‘the’ retail events of 2014 and we look forward to recognising the industry’s most successful players ranging from mums, dads and family businesses to retail graduates, entrepreneurs and multi-channel superstars. Grab your tickets now and join the ARA as we celebrate those who are shaping the retail landscape of tomorrow,” Mr Zimmerman said.
 
Tickets are on sale now. Prices are as follows:
ARA members $60
Non members $80
ARA members table of 10 $500
Non members table of 10 $700

eftpos ARA Australian Retail Awards -  key information and dates:

WHAT:
2014 eftpos ARA Australian Retail Awards Breakfast
WHEN: Tuesday 15 July 2014
WHERE: Grand Hyatt, Melbourne (123 Collins Street)
TO BUY TICKETS: Visit www.australianretailawards.com.au
MORE INFORMATION: Go to www.australianretailawards.com.au, call 1300 368 041 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

AWARD CATEGORIES: eftpos Australian Retailer of the Year, BDO Australian Retail Employer of the Year, Visa Australian Independent Retailer of the Year, Quest Payment Systems Australian Retail Innovator of the Year, Expr3ss! Staff Selection Software Australian Retail Graduate of the Year, eBay Inc Australian Multichannel Retailer of the Year, FCB Australian Retail HR Practitioner of the Year, Rest Industry Super Individual Retailer of the Year – male & female, Roy Morgan Customer Satisfaction Retailer of the Year, Victorian Government Victorian Retailer of the Year and the Shop for Shops Australian Retail Store Upgrade of the Year.
 
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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