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Robb to lead Australia Week in China Business Mission

MINISTER for Trade and Investment Andrew Robb today called for business leaders to join what is expected to be Australia’s largest-ever trade mission to China between 11-15 April.

Part of Australia Week in China (AWIC) 2016, the Government’s biennial trade, investment, education and tourism promotion, the group will visit key cities across China including Hong Kong, Shanghai, Beijing, Chengdu, Shenyang, Hangzhou, Xiamen, Guangzhou and Shenzhen.

Mr Robb said the program would highlight benefits from the China Australia Free Trade Agreement, which entered into force on December 20 last year. It also builds on the success of the first Australia Week in China in 2014 which attracted 750 delegates.

“With two rounds of tariff cuts on Australian goods exports delivered already under the Agreement in rapid succession, and a whole range of new opportunities for Australian services, now is the time to expand existing links and explore new possibilities,” Mr Robb said.

“Registrations are now open and I urge all businesses with an interest in China to consider taking part.”

The mission includes a range of business streams including innovation, agribusiness, premium food, beverage and consumer goods, mining services and equipment, health, innovation, education, financial services and urban sustainability.

Activities include seminars and site visits to high-level meetings and networking events with senior Chinese Government officials and business leaders.

The mission aims to achieve tangible business outcomes as well as helping participants understand the changes taking place in Australia’s number-one export market.

“New ventures such as the Blackmores partnership with Bega Cheese to produce infant formula for China show how Australian businesses are already responding to new opportunities in China,” Mr Robb said.

“As our economy transitions in this post mining boom period, there is huge potential to develop similar ventures, expanding our commercial relationship with China by concentrating on the things we do well.

“Our free trade agreement provides increased market access at a time when China itself is changing, creating demand for exactly the kind of goods and services Australia can provide.”

More information: www.austrade.gov.au/awic2016 

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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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