Skip to main content

Business News Releases

Queensland Chief Entrepreneur to open QUT startup space

QUEENSLAND’s first Chief Entrepreneur will officially open a startup incubation space to nurture the next generation of business leaders at QUT on Friday, October 21.

The QUT Foundry, a co-working and mentoring space at QUT’s Gardens Point campus, will be launched by Queensland Chief Entrepreneur Mark Sowerby at 9am.

mr Sowerby is one of the state’s most successful entrepreneurs and best known as the founder and former Managing Director of Blue Sky Alternative Investments Ltd, an ASX-listed diversified funds manager focussed on alternative assets. 

As the inaugural Chief Entrepreneur, Mr Sowerby helps set Queensland’s strategy to identify, attract and nurture opportunities to best position Queensland as the Startup State.

The QUT Foundry, powered by QUT’s innovation, venture and investment company qutbluebox, is a space for QUT student entrepreneurs, staff and alumni to devise and develop ideas. As well as mentoring opportunities, QUT Foundry startups will have access to regular events and advice from industry experts.  

WHAT: Queensland Chief Entrepreneur Mark Sowerby to open startup space at QUT
WHEN: 9am, Friday, October 21
WHERE: P Block, QUT Gardens Point campus

 

ENDS

Transport connectivity is back in the spotlight

THE Standing Committee on Infrastructure, Transport and Cities, has recommenced its inquiry into transport connectivity, with a public hearing to be held in Canberra tonight (October 18). CSIRO and RMIT will address the Committee.

Committee Chair, John Alexander MP, says enhanced transport connectivity is key to the economic and social development of our cities and regions.

“Greater transport connectivity will transform our cities and regions, making them economically more efficient and socially more connected,” Mr Alexander says.

“It will also raise the value of property along transport corridors and around transport nodes. Capturing the value of this increase will allow us to pay for enhanced connectivity, especially transformational projects like High Speed Rail.”

RMIT, in conjunction with CSIRO and others, is conducting research into how patterns of settlement may be changed by the development of transformational infrastructure like high speed rail, and what impact value capture may have on this development. This research has included a series of ‘Design Studios’ to test an Australian idea of urban density; and explore how a new inland city of 250,000-400,000 inhabitants might be planned.

Further information on the inquiry, including the full terms of reference, is available on the Committee website. The Committee is expected to report by the end of the year.

Public Hearing: 5pm Tuesday 18 October 2016, Committee Room 1R3, Parliament House, Canberra

The hearing will be broadcast live (audio only) at aph.gov.au/live.

Further information about the inquiry can be accessed via the Committee’s website. 

ends

Join the debate on 'loaded rates' - ASBFEO

SMALL BUSINESS owners across Australia are being invited to join a national conversation on a proposal to develop a ‘loaded rates’ schedule that provides higher hourly rates of pay for employees in lieu of penalty rates within the retail and fast-food awards.

Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has launched a small business consultation period to encourage debate on the idea.

Ms Carnell acknowledged that while the proposal, put forward recently by Fair Work Commission president Iain Ross, will be explored formally next year, it’s a concept worthy of ongoing and sensible discussion.

“Few can argue that there’s certainly a need for greater hiring flexibility for small business owners particularly when it comes to weekend staffing,” Ms Carnell said.

“By raising the idea of increasing hourly rates in lieu of penalty rates, Iain Ross has started an important conversation and it’s one I want small business people to be a part of. 

“On face value, this idea certainly has merit; obviously the details will matter, but we need to remove the complexity in the system and create flexibility for employers to structure their business in a way that maximises its potential, and this idea has the capacity to do just that.

“As a small business advocate, it’s my job to listen to what small business owners are thinking about any given issue, and to create a means of allowing them to have their voice heard. This issue is close to the hearts of most – if not all small businesses – and I’m sure each and every one of them has an opinion on this,” she said.

Ms Carnell said the ASBFEO is now taking feedback from small business on the ASBFEO website.

“Basically I’m interested to hear from small businesses about their views on things such as will the measure allow them to operate longer hours on weekends; will it allow them to take on more workers; do they think their employees will embrace the idea; what are other alternatives in their view; should it be limited to the retail and fast-food sectors or should it be across the board; has it worked in the hospitality sector; that sort of thing,” Ms Carnell said.

“Over the coming weeks and months I’ll gather this feedback – which can be provided anonymously if preferred – and present it to the Fair Work Commission to better inform the anticipated discussions on the issue, ensuring the voice of small business is heard in this debate.

“I welcome the opportunity to have a sensible discussion about this issue; we need to find common ground on this and reach a position that works for both employers and their workers, ensuring our small businesses don’t simply survive, but thrive,” she said.

To join the conversation visit www.asbfeo.gov.au/consultation

ENDS

Australian Microcap Investment Conference opens

THE 7th Annual Australian Microcap Investment Conference starts in Melbourne on Tuesday, October 18.

Corporate advisory firm D H Flinders Pty Limited is presenting the 7th Annual Australian Microcap Investment Conference over two days, October 18-19 at Sofitel Melbourne on Collins in the ‘Arthur Streeton Auditorium’.

The conference is billed as Australia’s largest and most comprehensive emerging company investment event, showcasing the services, products, strategies and people driving today’s growth companies. The event will provide investors with an opportunity to hear firsthand from the CEOs of 25 of Australia’s leading and dynamic microcap companies, from a varied range of sectors, as they showcase their companies, strategies and people.

Microcap companies provide access to many niche industry sectors, as well as emerging technologies and business areas that are sometimes overlooked by larger companies.

Microcap success stories that have previously presented at the conference include Blue Sky Alternative Investments (current market cap of $524million), TFS Corporation ($609m), Vita Group ($738m) and Vocus Communications ($4.7 billion).

At last year’s conference there were 24 listed companies present. Seven of the companies that presented at last year’s conference achieved returns of over 40 percent in the year to September 30, 2016.

These companies include Australian Ethical Investments (49%), Centrepoint Alliance (50%), Blue Sky Alternative Investments (54%), Dubber (90%), YPB Group (118%), HUB24 (132%) and CML Group (159%).

The event will also welcome back Leaf Resources and Quickstep for the fourth year, IDT Australia and Melbourne IT for a third year and Australian Ethical Investments, CV Check, Gage Road Brewing, Hub24, Dyesol, Genetic Signatures, Greenearth Energy, , Micro-X and PS&C for a second year.

The companies presenting at this year’s conference include financial services groups (Australian EthicalInvestments,APN Property, HUB24 and Money); a drone technology business (DroneShield), a brewer (Gage Roads Brewing), an entrepreneur education provider iBosses, a manufacturer of carbon fibre composites for the aerospace industry (Quickstep Holdings) and a broad range of clean tech, technology and biotech, pharmaceutical and healthcare equipment companies.

D H Flinders has partnered with The City of Melbourne, Thomson Reuters, investor relations firm Bourse Communications, and marketing communications group Motivo,to present the conference in conjunction with association partners the Association of Financial Advisers, Stockbrokers Association of Australiaand the UNSW Business School.

The Australian Microcap Investment Conference aims to act as a conduit and facilitate the sometimes challenging communication process between a company and its stakeholders, which may include shareholders, stockbrokers, fund managers, analysts, institutions, private investors and the business media.

Commenting on Australia’s largest microcap event, Craig Dunstan, Executive Director of D H Flinders said: “We are delighted to have secured 25 outstanding ASX listed companies to present as well as key note presentations from Dean Fergie of Cyan Investment Management and Alan Kohler  from The Constant Investor.

“This year we have over 400 professional investors, stockbrokers and financial advisers registered to attend. The microcap sector is generating greater interest each year as investors realise the gains to be made by investing in smaller companies.”

The microcap universe comprises more than 1700 companies with a market capitalisation of under $300m presenting many opportunities for investors.

Australia’s leading group of emerging ASX listed companies to showcase at this year’s Conference are:

 

Capital Goods

  • Quickstep Holdings Limited (QHL) David Marino, Managing Director

 

Commercial Services & Supplies

  • Collection House Limited (CLH) Anthony Rivas, Chief Executive Officer
  • iBosses Corporation Limited (IB8) Dr Patrick Khor, Group Chief Executive Officer
  • PS&C Limited (PSZ) Robert McAdam, General Manager

 

Diversified Financials

  • APN Property Group Limited (APD) Tim Slattery, Executive Director
  • Australian Ethical Investment Limited (AEF) Phillip Vernon, Managing Director
  • Hub24 Limited (HUB) Andrew Alcock, Managing Director
  • Money3 Corporation Limited (MNY) Scott Baldwin, Managing Director

 

Clean Energy

  •  Dyesol Limited (DYE) Richard Caldwell, Managing Director
  • Greenearth Energy Limited (GER) Samuel Marks, Managing Director
  • Leaf Resources Ltd (LER) Ken Richards, Managing Director

 

Food and Beverages

  • China Dairy Corporation Limited (CDC) Andrew Stoner, Deputy Chairman
  • Gage Roads Brewing Co Limited (GRB) Marcel Brandenburg, Chief Financial Officer

 

Healthcare Equipment & Services

  • Cyclopharm Limited (CYC) James McBrayer, Managing Director
    • Micro-X Limited (MX1) Peter Rowland, Managing Director

 

Pharmaceuticals & Biotechnology

  • AdAlta Limited (1AD) Samantha Cobb, Managing Director
  • Botanix Pharmaceuticals Limited (BOT) Matt Callahan, Executive Director
  • Genetic Signatures Limited (GSS) Dr John Melki, Chief Executive Officer
  • IDT Australia Limited (IDT) Dr Paul MacLeman, Managing Director
  •  Race Oncology Limited (RAC) Peter Molloy, Chief Executive Officer

 

Software & Services

  • CV Check Limited (CV1) Rod Sherwood, Director
  • Melbourne IT Limited (MLB) Martin Mercer, Chief Executive Officer
  • Search Party Limited (SP1) Ben Hutt, Chief Executive Officer

 

Technology, Hardware & Equipment

  • DroneShield Limited (DRO) James Walker, Managing Director
  • Smart Parking Limited (SPZ) Paul Gillespie, Managing Director

www.microcapconferences.com.au

www.dhflinders.com

ends

Trade, copyright probed in TPP hearing

DETAILS of trade and copyright in the Trans Pacific Partnership (TPP) will be examined by the Joint Standing Committee on Treaties at a hearing in Canberra on Monday.

Committee Chair, Stuart Robert MP, says the Committee will hear about a range of issues, reflecting the broad scope of the TPP.

“The TPP should create a level playing field for trade and investment across the Asia Pacific, including major Australian trading partners like the United States, Japan and Singapore,” Mr Robert says.

“The diversity of witnesses appearing on Monday speaks to the TPP’s range of potential benefits.  The Committee will hear from experts in Intellectual Property, copyright, and the information technology industry. 

“In addition, the Committee will talk to the peak bodies of the mining industry, trade unions, food and grocery producers, the Chambers of Commerce and Industry, grain growers, and legal professionals.

“This will be the Committee’s penultimate hearing into the TPP, with a final hearing involving Government witnesses to be held on 7 November.”

During the hearing, the Committee will also be taking evidence from trade unions on the Paris Agreement.

Mr Robert says people interested in the Committee’s inquiries can visit the Treaties Committee’s website for further information.

 

Public Hearing: Monday 17 October 2016, Committee Room 1R1, Parliament House, Canberra

8:15am: Australian Council of Trade Unions, Electrical Trades Union, Australian Manufacturing Workers Union

9:00am: Associate Professor Kimberlee Weatherall

9:30am: Copyright Advisory Group, COAG Education Council

10:00am: Minerals Council of Australia

10:30am: Australian Chamber of Commerce and Industry

11:00am: Australian Council of Trade Unions

11:30am: Food and Grocery Council

12:00pm: Law Council of Australia

12:30pm: GrainGrowers

The hearing will be broadcast live at aph.gov.au/live.

Further information about the inquiry can be accessed via the Committee’s website. 

ends

Now you can vote online with a 'selfie'


LONDON --Smartmatic is officially presenting this week the first secure online voting solution where the voter's identity is verified with a 'selfie'.

The greatest challenge for online voting has always been to make sure that whoever is voting is really the person that is eligible to vote, and also to guarantee that every person can vote only once. This has been finally solved by providing a secure digital identity to voters where their facial image is taken as part of the registration process and then checked with a selfie prior to casting their vote online.

The presentation will take place during the E-VOTE-ID 2016 conference in Bregenz, Austria, on October 18-21. This event, gathers election experts from around the world, to share research, experience and best practice in the realm of electronic voting and identity management.

“We are proud to be presenting this ‘class-leading’ solution that seamlessly integrates online authentication and voting, thereby empowering election authorities to successfully address the challenges of remote voting and voter eligibility assurance. With our solution, you can vote online securely with a selfie,” said Antonio Mugica, Smartmatic’s CEO.

Smartmatic’s online voting system, TIVI, leverages facial biometrics to allow voters to authenticate themselves using their smartphone, tablet, PC or laptop. Integrating biometric authentication with online voting eliminates the risk of voter impersonation and guarantees that only eligible voters have access to the system and can successfully cast their vote.

TIVI is the only online voting solution in the world that allows universal digital verifiability to prove the integrity of the vote, from the point of casting up to the counting central facility. Utilising advanced cryptographic techniques and a Blockchain based ballot box, it guarantees voter privacy, vote security and vote integrity.

More information can be found at tivi.io.

About Smartmatic

Founded in the US in 2000, Smartmatic is the leading provider of voting technologies and solutions worldwide. Today, out of the eight countries pioneering election automation Smartmatic provides technology and services to six of them: Belgium, Brazil, Estonia, the Philippines, US and Venezuela.

The company has managed elections across five continents, processing over 3.7 billion votes. Smartmatic is headquartered in London, UK.

For more information, visit www.smartmatic.com.

ends

Public Accounts Committee starts new inquiries

THE Joint Committee of Public Accounts and Audit has launched new inquiries into Commonwealth procurement, performance and risk management as part of its examination of Auditor-General reports.

These new inquiries form the first tranche of the Committee’s work in the 45th Parliament.

The JCPAA is a central committee of the Parliament and has the power to initiate its own inquiries on the Commonwealth public sector. The Committee examines all reports of the Auditor-General tabled in the Parliament and can inquire into any items, matters or circumstances connected with these reports. A large number of Auditor-General reports have been tabled since the Committee last met in May 2016, prior to the dissolution of the 44th Parliament.

The newly elected Committee Chair, Senator Dean Smith, said that the JCPAA examines whether public money is used in an efficient, effective, economical and ethical manner.

“As Parliament’s joint public administration committee, the JCPAA has an important role in holding Commonwealth agencies to account, and our inquiries further strengthen the performance and accountability of agencies entrusted with billions of dollars of taxpayers’ money,” Senator Smith said.

“The Committee is focusing on common audit themes identified by the Auditor-General. By taking a thematic approach to these inquiries, the Committee seeks to encourage improvements and shared learning in key areas of public administration.”

“Reports presented by the Auditor-General are valuable because they identify issues requiring improvement and detail examples of sound public administration.”

The Committee has commenced the following inquiries based on audit reports, focused on:

  • Commonwealth procurement—procurement under the OneSKY Australia Program; delivery of health services in onshore immigration detention; and procurement of garrison support and welfare services in offshore processing centres in Nauru and Papua New Guinea
  • Commonwealth performance framework—implementation of appropriate performance information by departments to strengthen accountability, including in the Higher Education Loan Program
  • Commonwealth risk management—risk assessment processes to ensure effective monitoring and reporting of the Disability Support Pension
  • Public sector governance—the cost effectiveness of efforts to streamline regulation

The Committee invites submissions to the inquiries, addressing the terms of reference. Submissions are requested by Monday, 7 November 2016. Public hearings will be held from late November 2016. Further information about the inquiries can be accessed via the Committee’s website.

The Committee’s inquiries are based on the following Auditor-General reports:

Commonwealth procurement:

  • No. 1 (2016-17) Procurement of the International Centre for Complex Project Management to Assist on the OneSKY Australia Program
  • No. 13 (2016-17) Delivery of Health Services in Onshore Immigration Detention
  • No. 16 (2016-17) Offshore Processing Centres in Nauru and Papua New Guinea: Procurement of Garrison Support and Welfare Services

Commonwealth performance framework

Commonwealth risk management

Public sector governance

 ends

Innovation and Science Australia Bill passes Parliament

THE Australian Parliament has last week passed the Innovation and Science Australia Bill – "cementing innovation and science at the heart of our long-term plan to secure Australia’s future economic prosperity" according to Industry, Innovation and Science Minister Greg Hunt.

"This establishes in legislation Innovation and Science Australia (ISA) – the organisation charged with helping the Government complete the three waves of the National Innovation and Science Agenda," Mr Hunt said.

"Chaired by Bill Ferris, with Chief Scientist Dr Alan Finkel as Deputy Chair, the talent on the ISA board represents innovators, scientists and entrepreneurs with track records of success.

"Innovation and Science Australia will work across government, providing guidance around our $10.1 billion investment in 2016/17 in innovation, science and research.

"ISA will also promote investment in industry, innovation, science and research in Australia, including showcasing successful innovators, entrepreneurs and researchers," Mr Hunt said.

"And it will directly engage international, business and community sectors to improve the overall performance of the national innovation and science system.

"Science and innovation are national priorities for the Turnbull Government.

"Building our strength in science allows us to capture greater opportunities for our people.

"Innovation is a serious, long-term plan to secure Australia’s future economic prosperity and create more jobs."

www.industry.gov.au

ends

Call for Encouraging Entrepreneurship facilitators

THE Australian Government is calling for organisations and individuals to apply to be one of three new Encouraging Entrepreneurship Facilitators.

From December, Entrepreneurship Facilitators will operate in three priority regions that are experiencing high levels of youth unemployment—Cairns, the Hunter region (including Newcastle) and Launceston— to help young Australians start their own small business.

Minister for Employment, Senator Michaelia Cash, said the pioneering initiative will provide practical support to young people who want to turn a business idea into a real-life, self-employment enterprise.

"Self-employment and entrepreneurship provide real opportunities for young people who are unemployed, but only a small number take up this option,” Minister Cash said.

Ms Cash said Entrepreneurship Facilitators in priority regions will help provide practical support to assist local young people develop their ideas into successful businesses.

"The Turnbull Government is supporting entrepreneurship and self-employment among young people as we fundamentally believe that the best form of welfare is a job,” Minister Cash said.

"Entrepreneurship is a powerful option for overcoming unemployment; however, only a small number of job seekers pursue this pathway.”

Encouraging Entrepreneurship Facilitators is part of the Government’s Youth Employment Package that was announced in the 2016-17 Budget. Entrepreneurship Facilitators will:

  • promote entrepreneurship and self-employment
  • encourage young people to develop new business ideas
  • assist potential young entrepreneurs in accessing assistance to support and establish their own business
  • link potential entrepreneurs to existing programs, including the New Enterprise Incentive Scheme (NEIS).

Applications are sought from organisations and individuals with strong and relevant regional knowledge and a commitment to youth business development.

The Department of Employment will host an information session for potential applicants via a webinar on 21 October 2016.

For more information on Encouraging Entrepreneurship Facilitators and/or how to apply, call 1300 733 514 or visit:https://www.employment.gov.au/employment-services-procurement-information

Applications close at 5pm AEDT on 3 November 2016. 

ends

 

Applications closing soon for the 2017 Rural Women’s Award

JUST three weeks remain to submit applications for the 2017 RIRDC Rural Women’s Award. This is one of Australia’s highest honours for rural women. It is a powerful program supporting women who aspire to lead positive change in rural industries and communities.

The Award has produced a networked alumnae of more than 200 rural women. It works to underpin and grow this dynamic and talented pool of rural leaders. Much more than just an award, it offers unique development opportunities, as well as access to a nation-wide network of business, community and industry professionals. 

All state and territory winners receive a bursary of $10,000 to bring to life an idea benefiting rural Australia. The bursary can be used for a broad range of project ideas, including overseas study tours and developing pilot programs and community initiatives. The national winner and runner-up, selected from the state winners, receive a further $10,000 and $5,000 respectively.

John Harvey, RIRDC’s Managing Director, encourages industry and the community to get involved and nominate emerging rural leaders. “This Award is an important avenue to recognise exceptional rural women from diverse backgrounds who contribute in many different ways. They’re community volunteers, farmers, business leaders and industry representatives,” he said.

Sophie Hansen from Orange, New South Wales was recently announced as the national winner of the 2016 RIRDC Rural Women’s Award. Sophie’s project ‘My Open Kitchen’ is a unique online learning course. Sophie is assisting food producers to embrace the power of social media to share their food stories and better connect with their consumers.

Sophie is thrilled to be part of this life-changing experience saying, “the Award celebrates inspiring women and the positive impact they have on rural industries, businesses and communities.”

The Award is an initiative of the Rural Industries Research and Development Corporation (RIRDC) in partnership with the state and territory agencies responsible for agriculture, primary industries and resources. The Award is proudly supported by Platinum Sponsor, Westpac Agribusiness and media partners, RM Williams OUTBACK Magazine, ABC Radio and Fairfax Agricultural Media.

Application forms can be downloaded from the RIRDC website: www.rirdc.gov.au/rwa

ends

Locals invited to public open day at world class venue, ICC

INTERNATIONAL International Convention Centre Sydney (ICC Sydney) is inviting Sydneysiders to explore Australia’s premier convention, exhibition and entertainment precinct on Saturday 22 October, 10am – 4pm, before it officially opens this December. 

The Public Open Day will be the first time the community can venture through the doors of the highly anticipated, world class venue that is set to redefine the way business and entertainment events are delivered in Sydney.  

Visitors can take a tour through ICC Sydney’s state-of-the-art facilities, including the five star convention and exhibition centres, the largest purpose-built Grand Ballroom in the region, 9,000 capacity ICC Sydney Theatre, which houses Australia’s biggest stage plus red carpet arrival area.

Geoff Donaghy, CEO of ICC Sydney, said this is an exciting opportunity for locals and visitors alike to explore the iconic new venue and be immersed in its innovative integrated design.

“As one of Asia-Pacific’s most technologically advanced venues, ICC Sydney will host a calendar of high profile events year round. We already have more than 380 events locked in, including world leading exhibits like The Hunger Games: The Exhibition and performances from international superstars Keith Urban and PJ Harvey. We can’t wait to show Sydney the venue that will change the face of events for the city.”

NSW Minister for Transport and Infrastructure, Andrew Constance said the reinvigorated domain sits at the heart of the AU$3.4 billion redevelopment of Darling Harbour, and will play a significant role in boosting the local economy.

“ICC Sydney will contribute at least $5 billion to NSW’s economy over the next 25 years, employing at least 300 full time staff and a further 1,500 casual workers. The venue will support local food and wine industries and launch local producers onto the global stage. ICC Sydney is expected to attract hundreds of thousands of visitors each year to our vibrant city, driving enduring gains including business relationships, knowledge transfer and industry investment,” he said.

The Public Open Day is part of a three-month period of intensive testing, training and commissioning by the ICC Sydney team.

“ICC Sydney will be capable of holding multiple large conventions, shows and exhibitions simultaneously, all supported with world class service, facilities and technology. The crucial testing period will ensure our exceptional team is prepared for every type of event and that the venue is fully functioning to its industry leading benchmark ahead of our official launch,” said Mr Donaghy.

ICC Sydney can be easily accessed via public transport and features seamless pedestrian access and walkways plus a connective public domain.

ICC Sydney Public Open Day Information

  • When: 10am – 4pm Saturday, 22 October 2016
  • Where: International Convention Centre Sydney, 14 Darling Drive, Darling Harbour, Sydney
  • What: ICC Sydney will be open to the public, with the community able to undertake tours of the Convention Centre, Exhibition Centre and stunning ICC Sydney Theatre
  • How: Located in the heart of Darling Harbour, ICC Sydney is easily accessible public transport, including light rail, ferry and train and is only a 10 minute walk from Central and Town Hall train stations. Secure parking is available and conveniently located within the Darling Harbour precinct. ICC Sydney has multiple public access points with step-free access to every entertainment, exhibition and conference venue.

For more information on ICC Sydney, visit www.iccsydney.com or join ICC Sydney on Facebook, LinkedIn or Twitter

ENDS

More Articles …