Business News Releases

Local protest calls for NSW Planning Minister to reject Kurri Kurri fossil fuel power plant as decision looms 

HUNTER VALLEY locals protested outside NSW Minister for Planning and Public Spaces Rob Stokes’ office today as concerns mount over the climate impacts of burning fossil fuels and the lack of long-term economic economic benefits the Kurri Kurri gas plant will bring to the Hunter Valley community. 

The protest was led by the Gas Free Hunter Alliance and local constituents - starting at 10am at 1725 Pittwater Road, Mona Vale - and presented Mr Stokes with a 55,000 signature petition calling on him to reject planning approval for the outdated and polluting Kurri Kurri gas plant. 

It comes as a recommendation by the NSW Department of Planning, Industry and Environment is expected “imminently” on the Kurri Kurri gas plant. 

Mr Stokes is then likely to then rapidly make a decision based on that recommendation, as the project has Critical State Significant Infrastructure status.

“Kurri Kurri needs jobs with a future, like renewable energy, not to be fobbed off with only a handful of ongoing jobs created using last century's technology and more than $600 million of public money,”  Kurri Kurri local Janet Murray said. 

Just this week over 100 countries, excluding Australia, signed up to a global methane pledge aimed at curbing methane emissions at COP26 in Glasgow, due to the immense global warming effect of the gas. The type of gas that would be burnt at the proposed Kurri Kurri power station is predominantly made up of methane.

At the event, Prime Minister Scott Morrison told the world that Australia was tackling climate change, however, the Morrison Government continues to push ahead with its gas-fired recovery by subsidising fossil fuel projects, like the outdated and polluting Kurri Kurri gas peaking plant.

The Gas Free Hunter Alliance are calling for the Morrison Government and the NSW Government to make urgent plans to invest in more clean renewable energy projects in the Hunter Valley to generate electricity and create new jobs, instead of funding new fossil fuel projects. 

GFHA co-coordinator Carly Phillips said she had concerns about carbon emissions from the gas plant.

“The building of any new gas infrastructure is entirely incompatible with NSW and Federal Government targets of reaching net zero emissions by 2050, never mind the fact that very few local jobs would be created,” Ms Phillips said. 

“The conservative International Energy Agency has categorically stated that no new gas infrastructure can be built around the world if we are to align with Paris Agreement climate commitments of limiting global warming to 1.5 degrees by 2050.”

ends

Minimum wage rise brings added strain ahead of Christmas rush

ECONOMIC UNCERTAINTY may force employers covered under 21 awards to rethink their Christmas strategy as the minimum wage increases from November 1.

Unlike most awards that saw the increase take effect on July 1, these 21 awards, which include hospitality, restaurant, fitness, and hair and beauty are the last to receive it. As of November 1, the national minimum wage for those covered under these awards is $20.33 per hour. In other words, the minimum a full-time employee receives is $772.60 per week.

“This rise, while in line with other industries, could not have come at a worse time for businesses heading into the busy end of the year, particularly those in eastern states who have just emerged from lockdown and not seen a steady profit come in for quite some time,” Employsure Business Partner Emma Dawson said.

“The rise doesn’t just mean the minimum wage goes up, but also casual loading rises along with it. For businesses in the hospitality and restaurant industries who are looking to take on more staff to help with the upcoming Christmas and summer rush, this may make them rethink how much staff they are able to hire, ultimately hurting the financial prospects of casual employees.

“Employers should educate themselves on the changes to the minimum wage, and update their payroll systems and processes accordingly to avoid the risk of underpaying employees.”

The topic of wages has dropped off the minds of employers in recent months due to lockdown. Employsure’s advice line for business owners recorded 2,100 wage related calls in September, the lowest of any month in 2021 and a 14 percent decrease compared with September last year.

In the lead up to Christmas, employers will need to ensure more than ever they’re paying their staff correctly in line with the wage rise, and it is expected the topic of wages will again become the centre of attention, alongside workplace vaccinations.

While a rise to the minimum wage may cause greater financial stress initially it does present a silver lining for employers. More money in the pockets of employees means more cash that gets funnelled back into the economy, which could ultimately lead to more being spent in the businesses who need it most.

“While wage increases are a challenge for any business to implement, it does present an opportunity to improve financial health. Being creative with cost savings and identifying new efficiencies can help a business manage when wages increase, particularly in the lead up to Christmas,” Ms Dawson said.

ends

Business Council for Sustainable Development calls for greater ambition at COP26

THE Business Council for Sustainable Development (BCSD) Australia has written to encourage Prime Minister Scott Morrison, as he heads towards the G20 Summit in Italy, before heading off to the UN Glasgow Climate Conference, to use the opportunity to call for greater ambition by all G20 countries on climate action.

“Almost 800 companies have signed an Open Letter to G20 Leaders ahead of the G20 Summit and COP26, appealing to governments to go all in to keep the 1.5ºC of the Paris Agreement within reach,” BCSD Australia CEO Andrew Petersen said. The companies that have signed the letter have operations covering all G20 countries, represent over US$2.7 trillion in revenue and employ more than 10 million people worldwide, he said.

The BCSD Australia is the focal point for the We Mean Business Coalition in Australia, which gathered the signatures of businesses and called for greater policy ambition from the G20 for business and government to accelerate action together "to keep 1.5 degrees celsius within reach".

Mr Petersen said the list of signatories included many companies from diverse sectors headquartered within Australia, including Atlassian, Stantec, Intrepid Travel, Energetics and Sendle..

In its letter to G20 leaders, the We Mean Business Coalition called on them to raise their national climate commitments, including NDCs and net-zero strategies in line with at least halving global emissions by 2030 and reaching net-zero by 2050, phasing out coal power, removing fossil fuel subsidies by 2025, putting a meaningful price on carbon, delivering on the US$100 billion finance commitment to developing countries and making climate-related financial disclosures mandatory.  

The BCSD Australia letter to the Prime Minister can be viewed here.

The signatory list and full text of the letter coordinated by the We Mean Business Coalition can be viewed here.



About BCSD Australia 
BSCD Australia is an Australian coalition of over 70 private and public organisations advocating for progress on sustainable development. Its mission is to be a catalyst for innovation and sustainable growth in a world where resources are increasingly limited. The council provides a platform for companies to share experiences and best practices on sustainable development issues and advocate for their implementation, working with governments, non-governmental and intergovernmental organisations. BCSD Australia’s members include leading Australian businesses, from all sectors, who share a commitment to economic, environmental and social development, public sector enterprises institutions, business and industry non-government organisations and community organisations, which in turn represent more than 100,000 Australian employees.

 

ends

Sparking the arts sector

RECOMMENDATIONS to support the recovery of the Australia’s arts and cultural sector, after the significant impacts of the bushfires then COVID, will be laid out in a report released today by the House of Representatives Communications and the Arts Committee.

The committee is taking the stance that Australia is home to a vibrant and diverse landscape of creative and cultural industries and institutions, which form a vital part of its culture, identity, and economy. As home to the world’s longest continuously living culture, Australia boasts a unique and invaluable artistic and cultural identity.

Communications and the Arts Committee Chair, Anne Webster MP, said, "Australia’s cultural industries were significantly impacted by recent events – including the bushfires of 2019 and 2020 as well as COVID-19 – which resulted in the closure of public venues, performance spaces, community hubs and Indigenous artistic centres.

"The committee recognises the resilience, adaptiveness and innovation shown by the industry in dealing with these significant challenges.

"The committee has made 21 recommendations that will support the recovery of the industry, maximise employment, and contribute to economic growth," Dr Webster said.

"A healthy, sustainable arts industry will allow Australia’s creative and cultural industries and institutions to emerge from the COVID-19 public health emergency and allow Australia’s arts to reach new heights," she said.

The report can be accessed from the committee’s website.

 

ends

Referendums inquiry to hear from Electoral Commission

ON TUESDAY the House Standing Committee on Social Policy and Legal Affairs will hold the third public hearing for its inquiry into constitutional reform and referendums.

The Committee will speak with the Australian Electoral Commission (AEC) to learn about its role in public education about referendums and the operational aspects of referendum delivery.

Chair of the committee, Andrew Wallace MP said it was necessary to inquire into the mechanics of referendums and whether the current legislation and processes were fit for purpose.

"The committee has heard from other government agencies about the policy environment for constitutional reform. The AEC will be able to provide information on the delivery and mechanics of a referendum and how it engages and educates the public about these processes," Mr Wallace said.

Further information about the inquiry, including the terms of reference and a program for the committee’s hearing, is available on the inquiry webpage at: www.aph.gov.au/constitutionalreform.

Public hearing details

Date: Tuesday, 26 October 2021
Time: 4.30pm to 5.30pm (AEDT)

Due to Covid-19 restrictions, committee proceedings held in Parliament House are not currently open to the public. The hearing will be broadcast live at aph.gov.au/live.

ends

Review of tax administration: inquiry into the 2018-19 Commissioner of Taxation Annual Report

THE House of Representatives Standing Committee on Tax and Revenue has today presented its report titled 2018-19 Commissioner of Taxation Annual Report. The report focuses on matters arising over the 2018-19 financial year with further insights on the taxation system more broadly.

In its report, the committee made 19 recommendations to deliver better services to taxpayers and improve the efficiency of the administration of Australia’s tax system. Based on the needs of the Australian tax system, the committee recommended upgrading the Inspector General of Taxation to an office based on the ‘Taxpayer Advocate,’ as developed in the US.

The committee’s recommendations also include proposed amendments to legislation that provides taxpayers with protections when dealing with debts; specifically, to ensure that a debt is not payable until a final determination is made by a relevant dispute body or court.  

Further, the committee advocated for the use of blockchain and other leading technologies to optimise the use of the Australian Business Register and minimise any ongoing costs of maintaining it. In relation to reporting, the committee recommended that the Australian Taxation Office provide more detailed reporting for each financial year to reflect both the number of complaints, feedback and compliments received, as well as the complaints resolved within the relevant timeframes.

Committee Chair, Jason Falinski MP said, "I believe this report to be a very important contribution to tax administration in Australia. It highlights a number of legislative frameworks that the government should change in order to provide taxpayers with better service."

Mr Falinski said, "the Australian Taxation Office has undertaken considerable reform and restructuring recently and is staffed by experienced and dedicated people who are to be congratulated for having got us through the economic chasm of COVID. However, some if its functions have been neglected, and moreover, there is considerable expertise in this country, human and technological, waiting to be deployed in many areas of taxation. We encourage urgent intent in this area to get ahead of the global curve."

A full copy of the committee’s report can be found on the inquiry’s website.

 

ends

It’s a long runway to recovery for Australia’s travel agents

WHILE THE NEWS fully vaccinated Australians can soon travel internationally without having to quarantine is very welcome, it’s unfortunately a long runway to recovery for Australia’s travel agents and businesses.

Australia’s travel agents and businesses have been in hard lockdown for more than 600 days. This hard lockdown will continue until international travel returns to normal levels with pre-COVID flight volumes, seat capacity and the removal of the current requirement that non-Australians even if fully vaccinated must hotel quarantine
 
Life for Australia’s travel agents only returns to normal after international travel is back in full swing. This is because travel agents only receive the bulk of payments generated from bookings AFTER travel takes place. 
 
Until international travel normalises which the Prime Minister has said won’t happen before March 2022, travel agents and businesses need ongoing support.

“With Singapore coming on line soon, and multiple destinations opening up for Australians, we are all looking forward to getting those passports out and getting travelling again," AFTA CEO Dean Long said.

“Travel expertise to navigate the complexities of COVID-travel is needed now more than ever and as events and tourism begin to ramp up again, travel agents will be essential. Our members are easy to find and everywhere from on-line to on the high street and proud to be using our travel expertise to support Australians through COVID travel and beyond.

“However, Australia’s travel agents and businesses have been in hard lockdown for more than 600 days and until airlines and cruise capacity return to normal levels, which won’t be before the second quarter of 2022, we need support," Mr Long said.
 
“The 30,000 Australians who work in Australia’s travel sector and the 3,000 agencies and businesses who employ them urgently need ongoing Government help so we can keep providing the expert support travellers need as tourism gets back on track and recovers.”

Prior to COVID, the industry has experienced year on year growth of 11 percent and maintained growth of 7.25 percent over the past five years. In 2018-19, Australians spent more than $46 billion on international travel, representing the largest import sector of the Australian economy.

About 70% of this international travel was booked through Australian travel agents. Each year travel agents collect taxes worth $1 billion and contribute $28 Billion nationally to the economy.

 

ends

Tax practitioner banned for using an unregistered preparer and pilfering client money

THE Tax Practitioners Board (TPB) has terminated the registration of tax agent Reis Cibala Kaluka and banned him for two years after investigations revealed he allowed an unregistered preparer, Namro Services Pty Ltd (Namro Services), to provide tax practitioner services on his behalf.

Namro Services had previously been terminated by the TPB.

Mr Kaluka allowed Namro Services – who he knew to have been terminated by the TPB – to use his registered agent number and access client data via the Australian Taxation Office’s Online services for agents. Namro Services then invoiced and received client tax refunds directly, resulting in four client refunds being misappropriated.

Namro Services also amended two client income tax returns (ITRs) during pre-issue audits and amended four client business activity statements (BAS) resulting in cash flow boost payments being disallowed.

TPB chair, Ian Klug said, "Mr Kaluka’s failure to act honestly and with integrity and to provide adequate supervision over the unregistered preparer caused significant detriment to multiple clients. Such behaviour puts the Australian community at risk and casts a shadow over those tax agents who do good work.

"The TPB has a duty not only to maintain the integrity of the registered tax practitioner profession, but to also protect consumers who fall victim to unlawful tax practitioners like Mr Kaluka."

TPB investigations also revealed that Mr Kaluka failed to lodge BAS, ITRs and tax file number (TFN) declarations relating to his own personal affairs and two companies of which he is the sole director.

"By failing to ensure his associated entities were complying with their tax affairs, those entities were subsequently placed into liquidation. He then allowed one company to engage in insolvent trading. This clearly demonstrates a pattern of widespread and reckless behaviour," Mr Klug said.

Based on the findings of the investigation, the TPB determined that Mr Kaluka is no longer fit to provide tax agent services, terminated his registration, and prohibited him from applying for re-registration for two years.

To report a dishonest or unregistered tax practitioner, submit a complaint to the TPB.

About the Tax Practitioners Board

The TPB regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct.  Twitter_@TPB_gov_auLinkedIn and Facebook.

ends

Industry welcomes Qantas expansion of services

 THE RECENT announcement that Qantas will speed up its timetable for the resumption of flights to a number of markets over the next three months is a further positive sign for Australia’s tourism industry, according to the Australian Toruism Export Council (ATEC).

“This is another strong sign that Australia is on the path to reopening, giving hope to thousands of tourism businesses who have been left without an income since March 2020,” ATEC managing director Peter Shelley said.

Flights from Sydney to Singapore, Bangkok, Phuket, Johannesburg and Fiji will resume ahead of schedule from as early as November 23 for Singapore, and throughout December and January for the other destinations.  Also very encouraging was the announcement from the Prime Minister that there could also be a quarantine-free Singapore travel bubble opening up very soon, Mr Shelley said.

“While this move is about getting Australians back home and families back together, it will also help the industry to open up and fine tune services for the resumption of full-scale travel," he said.

“We congratulate Qantas on their leadership and the Australian community on their uptake in vaccinations which has helped to get us to this point earlier than expected and look forward to announcements by the Federal Government on the date we can welcome back international travellers."

ends

A more active Australian corporate bond market could enhance investment and venture capital

THE House of Representatives Standing Committee on Tax and Revenue has today (Monday) presented its report titled The Development of the Australian Corporate Bond Market: A Way Forward.

Corporate bonds are a type of debt security, issued by entities to finance their business operations. In its report, the committee makes 12 recommendations to support the development of a more active corporate bond market in Australia.  

The committee’s recommendations aim to remove barriers to the issuing of corporate bonds as well as raise awareness about the benefits of corporate bonds, both for investors and issuers. Specifically, the committee’s recommendations include ensuring that investors have access to timely and useful information about corporate bonds, lowering the minimum investment parcel to $1,000 for corporate bonds, to improve accessibility to more investors, reviewing the licensing regime for credit rating agencies to minimise access barriers, and streamlining disclosure requirements for the issuing of simple corporate bonds. 

The committee’s recommendations also include proposed amendments to the relevant regulations to allow for the early redemption of simple corporate bonds, as well as a review of Chapter 2L of the Corporations Act 2001 (Cth) with the aim of increasing the availability of trustees for the retail bond market.

Further, the committee recommends a review of the regulatory reforms implemented in New Zealand’s corporate bond market to further develop and make more liquid Australia’s corporate bond market.

Committee chair, Jason Falinski MP, advocated for regulatory changes in this space.

"It is the hope of this committee that the government will commence implementing recommendations as soon as possible as each recommendation will result in unleashing the considerable power of the corporate bond market in Australia," Mr Falinski said.

A full copy of the committee’s report can be found on the inquiry’s website.

ends

Public meeting on future of public integrity agencies

As the SA Government guts its anti-corruption commission, and a NSW Premier falls, what are the lessons for integrity bodies in Australia?

This question will be explored at the second of a new Flinders University ‘Crime in the City’ lecture series, by a panel including the former Independent Commission Against Corruption (ICAC) commissioner the Hon Bruce Lander QC at public lecture on Tuesday (26 October, 4.30pm-6.30pm, at 182 Victoria Square, Adelaide.)

“The role of anti-corruption commissions across Australia is forefront in the news,” says Professor Andrew Goldsmith, director of the Centre for Crime Policy and Research at Flinders University which is hosting the debate with Transparency International Australia.

“The public needs to be reassured that the agencies we set up to uphold public integrity have the right focus and capacity to undertake their role competently and impartially. The current picture in Australia is not entirely reassuring,” Professor Goldsmith says.

While former NSW Premier Gladys Berejiklian resigned in order to front the NSW ICAC, Labor MP Luke Donnellan has resigned ahead of the inquiry by the Victorian Independent Broad-Based Anti-Corruption Commission (IBAC). The NSW ICAC is celebrated for exposing corruption across politics, including the now-convicted former Labor ministers Eddie Obeid and Ian Macdonald

At a federal level, the Independent Senator Heather Haines is increasing pressure on the government with her Australian Federal Integrity Commission Bill.   

“While there’s been a profusion of anti-corruption agencies set up in the states and territories in the past 30 years, we have nothing yet at the federal level despite years of discussion and proposals,” Professor Goldsmith says.

“And at the state level, we are seeing some significant changes in jurisdiction and powers of our integrity agencies, some of which suggest a rolling back of capacity.

“The recent changes to the SA ICAC system have drawn considerable criticism, not least of which being is the haste with which the changes passed through Parliament.

“Members of the public are entitled to understand why this has happened, and whether or not the revised arrangements are fit for purpose,” he says.

Recent changes to the SA ICAC system have drawn considerable criticism, “not least of which being is the haste with which the changes passed through Parliament”, he says.

Chaired by SA Commissioner for Public Sector Employment Ms Erma Ranieri, other panellists for the Flinders University University ‘Crime in the City’ lecture will be Griffith University Professor A J Brown, also a member of Transparency International Australia, and SA Ombudsman Mr Wayne Lines.

 

The Flinders University Centre for Crime Policy and Research has launched the Crime in the City lecture series to bring experts and members of the public together to examine issues of current policy concern in the fields of crime, security and public safety.

 

Watch the first discussion, ‘Ransomware: The New Transnational Crime Threat’ online https://youtu.be/QDnyULWObpU

  

The ‘Tackling Corruption and the Future of Public Integrity Institutions’ lecture is open to the public – Level 2, Flinders University building, 182 Victoria Square, Adelaide – or online via livestream. Please register via Eventbrite

via Eventbrite

  

Contact Us

 

PO Box 2144
MANSFIELD QLD 4122