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Business News Releases

ATO Checking that cash adds up in Toowoomba

THE Australian Taxation Office will be in Toowoomba on Tuesday February 20 talking to local small businesses as part of an effort to ensure that they have the support and information to get their tax and super right.

Businesses are invited to attend a one-hour information session at either 10-11am or 6-7pm and a record keeping information session 11.15am-12.15pm being held at Toowoomba City Library, 155 Herries Street, Toowoomba.

This visit is part of a broader program by the ATO to ensure fairness for honest businesses and to level the playing field by tackling the ‘cash and hidden economy’.

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A compromised Christmas for retailers last December

THE Australian Retailers Association (ARA) said December 2017 trade figures released today by the Australian Bureau of Statistics (ABS) represent a conservative Christmas instead of the merry Christmas retailers had in mind, with a 2.49 percent total growth year-on-year.

Russell Zimmerman, Executive Director of the ARA, said although the ARA and Roy Morgan predicted a 2.8% increase in pre-Christmas sales, from November 15 to December 24, 2017, these figures are not too far off the mark.

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Public hearings on national security measures

THE Parliamentary Joint Committee on Intelligence and Security will conduct two public hearings this week for its reviews of national security bills before the Parliament.

The first hearing will consider the Home Affairs and Integrity Agencies Legislation Amendment Bill 2017, which gives effect to the allocation of certain ministerial powers following establishment of the Home Affairs portfolio and includes measures to clarify the Attorney-General’s ongoing responsibilities.

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Pesticides inquiry announced

THE House Standing Committee on Agriculture and Water Resources has begun an inquiry into regulatory reforms undertaken by the Australian Pesticides and Veterinary Medicines Authority (APVMA).

This inquiry was initiated following the release of the Auditor-General’s Report no. 56 (2016-17), Pesticide and Veterinary Medicine Regulatory Reform.

The audit found that the implementation of a range of legislative reforms, designed to improve the efficiency and effectiveness of the APVMA’s regulatory activities, had been ‘mixed’: “While key legislative reforms were implemented by the legislated timeframe of July 2014, the full scope of the reform program is yet to be implemented more than four years since the legislative amendments were developed”.

Committee Chair Rick Wilson MP said that the Committee will focus its inquiry on the APVMA’s progress since the audit took place.

“The ANAO made four recommendations in June last year,” Mr Wilson said, “and given the importance of these reforms to Australia’s agricultural sector, it is vital that the APVMA acts quickly on those recommendations.”

The Committee will be accepting submissions to the inquiry until 28 February 2018 and will hold public hearings to receive evidence.

This email address is being protected from spambots. You need JavaScript enabled to view it.www.aph.gov.au/agriculture

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

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Public consultation period extended on foreign interference bills

THE Parliamentary Joint Committee on Intelligence and Security has extended its public consultation period for its review of two important bills targeting espionage and foreign interference:

  • the National Security Legislation Amendment (Espionage and Foreign Interference) Bill 2017, which amends existing criminal laws for secrecy and espionage offences, and introduces new foreign interference and sabotage offences, and
  • the Foreign Influence Transparency Scheme Bill 2017, which establishes a scheme that requires registration by persons who undertake certain activities within Australia on behalf of foreign interests.

The Chair of the Committee, Andrew Hastie MP, said, “The Committee’s public hearings held this past week have demonstrated the necessity of the two Bills, however, a short extension has been granted to give members of the public the continuing opportunity to comment on the proposals.

“The Committee has elected to extend the period for public consultation on the two Bills and will reschedule its reporting date to facilitate this. The Committee seeks additional submissions by Thursday 15 February 2018”.

To facilitate extended consultation, the Committee will now report on both bills by 23 March 2018.

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

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Hike in minimum wage would savage small business

AN INCREASE to the minimum wage as suggested by Labor yesterday would be a devastating blow to small business operators across Australia, said the Australian Small Business and Family Enterprise Ombudsman today.

“Let’s be quite clear that this proposal is a war on small business, not big business,” Ombudsman KateCarnell said.

“The greatest impact would be on businesses that use awards, and that is small to medium businesses, which make up more than 97 percent of businesses in Australia.

“Nearly half of our small business owners already earn less than the minimum wage and for these people, an increase in awards will mean job losses, limited employment opportunities and businesses closing.”

Ms Carnell said the consequences of hiking the minimum wage need to be thoroughly investigated; particularly the impact it will have on small businesses.

“A reality check on this issue is certainly required.

“The sentiment coming through this morning from small business is that they are already doing it tough.

“They are saying they would like to pay themselves and their employees more, but are literally struggling to pay their ever increasing business bills.

“When 97 percent of Australian businesses cannot afford to employ more people, the spark of confidence and potential for economic growth we are seeing will be extinguished.”

www.asbfeo.gov.au

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Public hearings on political donations and Section 44

THE FEDERAL Joint Standing Committee on Electoral Matters is holding three days of public hearings focussing on political donations and Section 44 of the Constitution.

Committee Chair Senator Linda Reynolds said the Committee would be hearing from subject matter experts in relation to these matters referred to the Committee for review. 

The public hearings relate to three of the Committee’s inquiries:

  • Inquiry into the 2016 federal election (review of political donations);
  • Inquiry into matters relating to Section 44 of the Constitution; and
  • Inquiry into the Electoral Legislation Amendment (Electoral Funding and Disclosure Reform) Bill 2017.

Public hearing programs are available on the respective websites for each inquiry via https://www.aph.gov.au/em/.  

Public hearing details:

  • Canberra
    Wednesday 31 January, from 9:30am to 4:40pm in room 2S3
  • Melbourne
    Thursday 1 February, from 9:00am to 4:30pm in room G6, 55 St Andrews Place
  • Sydney
    Friday 2 February, from 8:40am to 1:10pm in the Jubilee Room, Parliament of NSW

A live broadcast will be available at aph.gov.au/live

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

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Chinese Government companies must respect western culture: Clive Palmer

BHP CEO Andrew Mackenzie got it right when he said the Chinese must respect western culture according to the chairman of Mineralogy, Clive Palmer.

"Mineralogy has stood as the last sentry at the gate of Australian freedom and respect for the law  as Chinese Government owned companies have tried to steal Mineralogy resources,’’ Mr Palmer said in Brisbane today.

"What is worse is Australian governments have tried to help them by persecuting me and bowing to Chinese Government pressure.

"At the forefront of Australian values is respect for the rule of law and the independence of our judicial system.

“Respect needs to be shown in dealing with the government. It is a major mistake for groups associated with the Chinese government to fund Australian political parties such as the Labor Party and the Liberal Party.

“Chinese Australians, like all Australians, value Australian way of life. It is in the interest of all members of the Australian community to defend and protect our way of life and the rule of law,’’ Mr Palmer said.

“I would urge the leaders of the Labor and Liberal parties to instruct their parties and members not to receive foreign Government inspired donations and stand firm and protect the  rule of law in Australia,’’ he said.

Mineralogy has recently received a judgement in its favour for US$153 million against the largest Chinese Government owned company in the world, Citic Limited.

The Chinese-Government-owned company still has not paid the judgement and continues to export Australian resources without paying, Mr Palmer said.

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Steinhoff Asia Pacific claims insulation from parent company woes

STEINHOFF Asia Pacific Group Holdings Pty Ltd (Steinhoff Asia Pacific) operates a number of high performing retail brands in Australia and New Zealand including Freedom, Fantastic Furniture, Best & Less, Snooze, Harris Scarfe, Plush, OMF, Postie and Bay Leather Republic. 

Group CEO of Steinhoff Asia Pacific, Michael Ford said: “The Steinhoff Asia Pacific business is an independent, profitable and financially strong business delivering positive cash flows.  The business has its own banking facilities here in Australia. 

"Steinhoff Asia Pacific is not party to any of the banking facilities of its parent company Steinhoff International Holdings N.V. In addition, the Steinhoff Asia Pacific business is not dependent on working capital support from our parent company, Steinhoff International N.V.

Mr ford said Steinhoff Asia Pacific continues to work constructively and openly with its local banking partners in Australia.  To reinforce its commitment to the local market and the strength of its local businesses, Steinhoff Asia Pacific has appointed Minter Ellison and Ferrier Hodgson to provide strategic advice in relation to legal, financial and corporate matters.

He said Steinhoff Asia Pacific’s local banking partners supported these appointments. Mr Ford said the appointment of experienced advisors was a prudent step by Australian management in circumstances where its parent company is working through significant uncertainty.  Steinhoff Asia Pacific and its business are not in distress and are trading normally, he said.

Michael Ford added: “For all our brands in the Steinhoff Asia Pacific group, and our 10,000 employees, it is business as usual.  We are now in our peak trading period and have had some exceptionally strong trading across our retail brands. 

"Total system sales (including franchisee sales) across Australia and New Zealand are up 3.1 percent for the 12 months ended 30 November 2017 compared to the same period in the prior year.  And for the month of December so far, System sales are up 12.4 percent compared to the same period last year. 

"These are healthy sales figures for a business group that is clearly performing well.”

www.steinhoff.com.au

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Elkes Oils - Building an online business to target international markets.

After developing a range of natural health products, Elke of Elke's Oils contacted us about building an online store. In addition to the ecommerce functionality, the site would also need to support multiple languages.

elkesoils_mandarin_cu

One of her biggest market opportunities is in China so being able to offer content in Mandarin would give Elke a competitive edge.

At the same time, she wanted to give her loyal local customers an easy way to purchase products and offer them special deals.

Services delivered in the building of elkesoils.com.au included:

  • Product Photography
  • Website Design
  • Multi-language support e-Commerce Store
  • Facebook Marketing Setup

Thesite was built using the UIKit framework and an ecommerce solution called Hikashop. By utilising Joomla's robust multi-language system, we were able to offer a seamless switch between English and the Mandarin content supplied by Elke's translators.

The build included custom shipping pricing, product factsheets, and the option for customers to choose either Paypal or Alipay.

cinemaliadesign.com.au