THE Queensland Resources Council (QRC) today called for the State Government to stand-up for the resources sector and to acknowledge coal’s fiscal value to the state budget and the thousands of coal workers who help deliver the royalties.

QRC Chief Executive Ian Macfarlane said the Mid-Year Financial Economic Review (MYFER) yet again showed resources, especially coal, underpin the budget.

“Coal royalties are expected to reach $414 million above the 2017-18 budget forecast or $3.16 billion forecast over the financial year. Revenues from all resources including coal, gas and metals not only pay the wages of teachers, nurses and police they build the schools, hospitals and police stations,” Mr Macfarlane said.

“The extra coal royalties alone would pay for the North Queensland Stadium ($250 million), four schools such as the new state school at Caloundra South (4 x $34 million) and three police stations in the regions (3 x $8.3 million).

“For the second year in a row resources have delivered an early Christmas present for the government and all Queenslanders. When the resources sector is doing well, the entire Queensland economy benefits.

"The sector continues to be a mainstay of employment and economic growth in Queensland, ensuring that every Queenslander benefits from this great industry."

Last financial year the sector generated $55.1 billion in economic prosperity for the state and achieved this contribution while using only 0.1 per cent of Queensland’s land mass.

www.qrc.org.au

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MINISTER for Defence Industry, Christopher Pyne MP, has announced Naval Group has released expressions of interest and requests for information to help get Australian industry involved in Australia’s Future Submarines.

Mr Pyne said Naval Group was seeking Australian industry ‘know how’ as the $50 billion Future Submarine Program continued to gather momentum.

“The Turnbull Government is committed to a sovereign naval shipbuilding capability and this includes 12 regionally superior submarines for our Navy,” Mr Pyne said.

“These submarines will be built in Australia, by Australians, which will maximise local industry involvement in all phases of the program."

So far around 130 companies have been pre-qualified by Naval Group to be part of the program. 

“Naval Group continues to support the Turnbull Government in this endeavour and is looking to Australian industry to manufacture and supply critical equipment and other common technologies for the submarines," Mr Pyne said.

“Opportunities exist for Australian industry to provide everything from electrical, mechanical, heating and air conditioning equipment, to castings, steel and titanium products.

“This is part of a wider suite of activities aimed at collecting information on industry’s capability to supply products and technologies required to manufacture and sustain the Future Submarines in Australia.

“These are the first major equipment information requests released by Naval Group, with more scheduled for release progressively throughout 2018, and complemented by the continuation of industry briefing days.

“Australian industry involvement in the Future Submarine Program is expected to generate an annual average of around 2,800 jobs over the life of the Program,” Mr Pyne said.

Companies wanting to know more about the program or respond to Naval Group’s request can visit the Future Submarine Industry Capability Network Gateway:

https://gateway.icn.org.au/project/3915/naval-group-future-submarine

The deadline for interested companies is January 5, 2018.

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THE Joint Committee of Public Accounts and Audit has launched a new inquiry into Commonwealth Contracting. The inquiry is based on the Auditor-General’s Information Report—Australian Government Procurement Contract Reporting(Audit Report No. 19, 2017–18).

The Committee’s inquiry will examine matters raised by the Auditor-General’s insights on contract information reported over a five-year period (2012–13 to 2016–17) in AusTender — the Australian Government’s centralised publication of contract notices. Particular areas included:

• the volume and value of Government procurement contracts;
• entities’ procurement contract behaviour as it relates to the timing of procurements during each financial year; and
• reporting on the number and value of contracts undertaken with Small to Medium Enterprises.

The Committee invites submissions to the inquiry addressing the terms of reference. Submissions are requested by 16 February 2018, with public hearings held from February 2018. Complementary Submission Guidance, which highlights the Committee’s five areas of focus, has also been prepared to assist submitters with their respective input to the inquiry.

Committee Chair Senator Dean Smith said Commonwealth contracting was worth $47.4 billion in 2016–17 and was an area of public expenditure that deserved close and constant scrutiny.

“Effective procurement contract behaviour is vital and transparency in contract reporting is critical so that the Government can assure itself and the Australian public that entities are achieving their objectives in an efficient and cost-effective manner,” Senator Smith said.

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

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WITH Australian consumers expected to spend over $20 billion on grocery items this Christmas, the Australian Retailers Association (ARA) believes physical retailers will start to see a vast increase in foot traffic across local and inner-city stores this weekend as Australians stock up for their Christmas celebrations.

Russell Zimmerman, Executive Director of the ARA said with foot traffic increasing 7.5 percent week-on-week across bricks-and-mortar stores, the ARA believes Australians will increase their food spending by 3.27 percent during the Christmas period.

“Although more and more consumers are buying their Christmas groceries online, online retailers can only do so much leading up to the big day,” Mr Zimmerman said.

“Shoppers who have not yet ordered their Christmas groceries online will instead be heading into town to spend big at food retailers across the country to ensure they are ready for their Christmas feast.”

Bryan Skepper, Sydney Fish Market general manager, said they are expecting more than 100,000 shoppers to visit the Sydney Fish Market between 5am on Saturday 23 December to 5pm on Sunday 24 December to source their fresh seafood for this year’s Christmas lunch.

“The 36-Hour Seafood Marathon is a long-standing tradition where visitors can collect more than just seafood; they can source advice on the best wines and beer to pair with their meal from the bottle shop; or pick up fresh bread from the bakery.”

With extended trading hours in place, the ARA believes the festive season will drive supermarket sales up in the last weeks of December, exceeding last year’s sales by 3.27 percent.

Michael Jackson, Director of Merchandising, Marketing & Customer Insights at Endeavour Drinks Group, said any Christmas lunch wouldn’t be complete without an excellent beverage selection.

“Rosé continues to be the fastest growing category in wine this year, but we believe Aperol and Campari Aperitifs will be the biggest trend in spirits this summer,” Mr Jackson said.

“While the Great Northern continues to drive the mid strength category for beer lovers, Pure Blonde Cider is leading a change to the Cider category with its focus as a lighter and healthier drink.”

With only two weeks until Christmas, and foot traffic on the rise, the ARA urge retailers to be prepared for a surge in shopper traffic this weekend as Australians stock up for their Christmas celebrations.

“With consumers to hit the stores late this week we also ask that shoppers remain patient as retail staff manage the increased number of customers,” Mr Zimmerman said.

To view the ARA and Roy Morgan’s Annual Pre-Christmas Sales Predictions for 2017 click here.

ARA ROY MORGAN PRE-CHRISTMAS SALES PREDICTIONS 2017

November 15 – December 24, 2017

2017 Pre-Christmas Sales Growth by Category

[ARA / ROY MORGAN]

2017 Pre-Christmas Sales Growth by State

[ARA / ROY MORGAN]

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $310 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 7,500 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

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