Business News Releases

Senate report backs Reef plan

THE peak representative body for the Queensland resources sector said the Senate report into the Great Barrier Reef backs the work that is well under way to improve reef health.

Queensland Resources Council Chief Executive Michael Roche said the report published 29 recommendations that largely reflected the work of a host of stakeholders on the Reef 2050 Long-Term Sustainability Plan. 

‘We thank the Senate for its comprehensive inquiry into the Great Barrier Reef that adds to the pool of evidence and information that is aiding in the rehabilitation of the reef against its biggest threats,’ Mr Roche said.

‘We also fully support increased resources being directed towards management of the reef, however we do not support any blanket ban on dredge spoil disposal at suitable locations at sea.

‘While the blame for the degradation of the reef has been unfairly heaped upon the ports and shipping servicing Queensland’s minerals and energy producers, containing the managed expansion of Queensland ports to meet the demand of trade markets will not make a difference to the frequency of storms, starfish outbreaks or the terrestrial water run-off that scientists agree are responsible for the current health challenges for the reef.

‘The draft Reef 2050 Long-Term Sustainability Plan, soon due for release, is a comprehensive action plan that has been put together by all relevant stakeholders from state and federal government, scientists, industries including, agriculture, tourism, resources, ports and fishing, as well as NGOs including WWF.

‘We are part of a team that is working together to help the reef and I am pleased to say that most of the recommendations in this report are already in train,’ Mr Roche said.

Despite most of the recommendations aligning with current work across the reef stakeholder group, Mr Roche said it was unsurprising that Labor and the Greens had taken a negative stance against the one stop shop for environmental approvals.

'Opposition to the one stop shop flies in the face of report after report backing this important reform.

‘We welcome the Coalition’s stance to support the reforms to the EPBC Act that will streamline approvals processes between state and federal governments,’ Mr Roche said.

Mr Roche said that a ban on at sea disposal of dredge spoil made no environmental sense.

'Every project must be examined on its merits given that land based options are sometimes simply not viable where adjacent coastal lands may have high conservation or cultural value.

‘The challenge is how well we manage the reef for positive economic and environmental outcomes and to work together, as is being done through Reef 2050 Long-Term Sustainability Plan.'

www.qrc.org.au

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Former Aussie cricketer guest speaker at Roma business lunch

AUSTRALIAN cricketer-turned-entrepreneur Matthew Hayden will address a business lunch on how to turn new business ideas into action in Roma tomorrow as part of 2014 Queensland Small Business Week.

Minister for Tourism, Major Events, Small Business and the Commonwealth Games Jann Stuckey MP hosts the event at Explorers Inn, Roma at 12.30pm on Friday 5 September.

Ms Stuckey said the event was the final in five major activities held across Queensland celebrating the role of small business in the state’s economy.

Mr Hayden is joined by Roma business owner Mark Huntley from Pumps N Solar and Ben Sorensen from PwC (PricewaterhouseCoopers) to discuss how small business can evolve to meet new demands.

Ms Stuckey also invited the Roma business community to pledge their support for small business by sharing the “I’m celebrating Queensland Small Week” badge which is available for download on www.business.qld.gov.au/smallbusinessweek, and to take part in Buy Locally Saturday on 6 September.

“Buy locally Saturday is about supporting local small businesses and boosting the local economy,” she said.

“I encourage all business owners to display the Buy locally Saturday material in their businesses.”

“2014 Queensland Small Business Week recognises the contribution of small business to creating a positive impact on local communities and their economy. You get great customer service and unique products when shopping at a small business.”

2014 Queensland Small Business Week runs from 1-6 September and celebrates the role small business plays in the Queensland economy. 

www.business.qld.gov.au/smallbusinessweek

 

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ABS July 2014 retail trade figures released

 

Peak retail industry body the Australian Retailers Association (ARA) said the seasonally adjusted rise (0.4 percent increase) in monthly retail trade figures (month-on-month) reported today by the ABS followed a 0.6 percent rise in June 2014.

Year on year retail growth also rose 5.8 percent in July 2014, seasonally adjusted, compared to July 2013.

ARA Executive Director Russell Zimmerman said that after an unseasonably warm start to winter and post-Federal Budget drop in consumer confidence, retailers saw only a slight upswing in sales in July - largely thanks to the change in weather and last-minute EOFY sales.

“Winter had well and truly arrived in July and it’s no surprise department stores experienced an increase in sales (1.9%), with many consumers heading to their local department store to stock up on much-needed items to get through the cooler months. 

“It’s interesting to note that cafes, restaurants and takeaway food services also benefitted from the change the season (1.4% increase) as well as food retailing (0.5% increase). As we all know, during winter consumers often choose to keep warm at their local restaurant or order takeaways with their friends and family. Food retailing often enjoys a boost in sales at this time of year as the outside weather can deter consumers from other activities.

“Some other categories including clothing, footwear and personal accessory retailing (0.1%) and household good retailing (-0.2%) remained relatively flat in July, and according to the Australian Retail Index (delivered by BDO and Retail Express), stagnant retail sales in July mirrored similar results seen this time last year.

“Overall, turnover rose in New South Wales (0.7%), Victoria (0.6%), the Australian Capital Territory (2.6%), South Australia (0.4%) and Queensland (0.1%). These rises were partially offset by falls in the Northern Territory (-2.3%), Western Australia (-0.1%) and Tasmania (-0.4%).

“With the festive season right around the corner, the ARA is urging the Federal Government and RBA to do all that they can to ensure that retail trade is fully supported as we gear up toward the spring/summer racing season and the Christmas trading period,” Mr Zimmerman said. 

MONTHLY RETAIL GROWTH (June 2014 – July 2014 seasonally adjusted)

Department stores (1.9%), Cafes, restaurants and takeaway food services (1.4%), Food retailing (0.5%),  Clothing, footwear and personal accessory retailing (0.1%), Household goods retailing (-0.2%) and Other retailing (-0.6%). Total sales (0.4%).

Australian Capital Territory (2.6%). New South Wales (0.7%), Victoria (0.6%), South Australia (0.4%), Queensland (0.1%), Western Australia (-0.1%), Tasmania (-0.4) and Northern Territory (-2.3%). Total sales (0.4%).

YEAR-ON-YEAR RETAIL GROWTH (July  2013 – July 2014 seasonally adjusted)

Cafes, restaurants and takeaway food services (10.8%), Department stores (8.2%), Food retailing (5.5%), Household goods retailing (5.3%), Other retailing (3.6%) and Clothing, footwear and personal accessory retailing (2.1%) .Total sales (5.8%).

New South Wales (9.7%), Tasmania (7.9%), Victoria (6.4%), Queensland (3.4%), South Australia (2.1%), Northern Territory (2.0%), Western Australia (1.8%) and Australian Capital Territory (0.6%). Total sales (5.8%).

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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VTIC welcomes Victoria’s strong visitor and expenditure results

THE Victoria Tourism Industry Council (VTIC) has applauded the state’s tourism industry for the significant growth achieved in visitor numbers and expenditure over the past year.

The recently released Tourism Research Australia “International Visitor Survey” shows that for the year ended June 2014 Victoria performed well overall: 

“International visitor expenditure” grew by 8.1 percent to $4.9 billion, outperforming growth for New South Wales (+6.1 percent to $6.9 billion), Queensland (unchanged at $4.0 billion) and the national average (+3.5 percent).

“International overnight visitors” grew (+10.9 percent to 2.05 million) to exceed 2 million for the first time.

VTIC chief executive Dianne Smith said although China continues to be the leading source market, it is pleasing to see growth from traditional markets such as the United Kingdom and the United States, in terms of both visitor numbers and expenditure.

Importantly, expenditure in regional Victoria showed strong growth (+23.8 percent to $368 million), exceeding the previous high recorded for June 2012. There was also strong growth in visitors to (+17.5 percent year-on-year to 375,400) and nights in (+7.5 percent to 6.0 million) regional Victoria, with both at record levels. Visitors to regional Victoria increased from both Eastern (+28.5 percent) and Western (+14.2 percent) markets.

Ms Smith said continued efforts are needed to ensure regional Victoria reaps tourism’s benefits.

“It’s positive to see improvement in expenditure, visitor numbers and nights in regional Victoria, but compared to the state totals, the proportion of international visitors travelling to, and spending in, regional Victoria is modest,” said Ms Smith.

“More work is required to develop high quality products and experiences in regional Victoria, with a culturally appropriate interpretation, that will entice more international visitors. This is one of VTIC’s key recommendations for the major parties in the 2014 state election.”

The results of the National Visitor Survey for the year ended June 2014 will be released on 10 September and Ms Smith said the industry looks forward to seeing how Victoria fares in regard to domestic travel.

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.vtic.com.au

 

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Harvard academic, e-book at launch of Qld Small Business Week

 

THE Queensland Government is celebrating 2014 Queensland Small Business Week in Brisbane today by releasing a book showcasing some of the state’s brightest stars.

Queensland Premier Campbell Newman released the e-book, entitled Shining bright: a celebration of Queensland’s small business, at the official launch of the Week at Ithaca Auditorium, City Hall at 12.30pm.

Minister for Tourism, Major Events, Small Business and the Commonwealth Games Jann Stuckey MP said 17 businesses in Brisbane, Townsville, Gold Coast, Moranbah, Mt Isa, Roma, Cairns, Rockhampton, Toowoomba, Yandina, and Tully were chosen for their great stories of success.

“Small businesses are critical to growing Queensland’s four pillar industries – tourism, agriculture, resources and construction – and form a key part of the supply chains for larger projects,” Ms Stuckey said.

“With approximately 403,000 small business in Queensland, they span every industry sector and employ around 50 percent of all private sector workers.

"Shining bright highlights how these businesses have made a positive contribution to their local community.”

About 200 guests attended the event When Small Business Thinks BIG, featuring an address by Professor Josh Lerner, Jacob H. Schiff Professor of Investment Banking at Harvard Business School and head of the Entrepreneurial Management Unit.

Professor Lerner is a member of the World Economic Forum, at which he presents annually on small business issues and entrepreneurship.

He has drawn on his vast experience running Harvard’s flagship executive education program for smaller, fast-growing businesses to provide insight into how business can flourish when it thinks “big”.

Speaking in the lead-up to the event, Professor Lerner emphasised the importance of entrepreneurship to the country’s economic growth and vitality and the role governments play in recognising that importance and adjusting policies to support it.

Professor Lerner said Queensland was “region which has many blessings, not least of which is its abundant natural resources".

“But if the region is to thrive over the next century, it almost surely will have to bolster its entrepreneurial sector: around the world, these ventures have been a key source of economic growth, additional employment, and innovation,” he said.

“Thus, 2014 Queensland Small Business Week effort is an important initiative to boost this vital sector of the economy.”

Professor Lerner said there was no “secret source” or one formula that translates into entrepreneurial success.

“The proper recipe is likely to vary with the structure of the industry and nature of the opportunity that the firm is pursuing,” he said.

“Nonetheless, there have been some recent insights as to what strategies characterize successful entrepreneurs.

“One of the key messages that has emerged in recent work is the importance of experimentation.

“Entrepreneurs are unlikely to have the resources to undertake the kind of comprehensive study and massive launches of new products and services that characterize major corporations.

“But they can move more rapidly, and adjust quickly to what they learn from the market, which gives them a critical advantage.”

2014 Queensland Small Business Week recognises the role small business plays in the Queensland economy.

Business owners are attending more than 200 events and activities across Queensland during the Week, all of which are designed to either inspire them, or help to build their business.

Minister Stuckey will host an event on the Sunshine Coast tomorrow with US CEO of TerraCycle, Tom Szaky, and in Roma on Friday with Matthew Hayden.

The e-book can downloaded free from the Queensland Government Business and Industry Portal www.business.gov.au/smallbusinessweek

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