Skip to main content

Business News Releases

Indigenous consumer engagement inquiry continues with an appearance by the North Australian Aboriginal Justice Agency

THE Indigenous Affairs Committee inquiry into fostering better engagement with Aboriginal and Torres Strait Islander consumers will hear from the North Australian Aboriginal Justice Agency (NAAJA) at a public hearing this Thursday.

Committee Chair Julian Leeser MP said, "NAAJA had expertise on many of the issues currently faced by Indigenous consumers and the gaps that continue to exist in the corporate sector’s understanding of meaningful Aboriginal and Torres Strait Islander engagement.

"The committee looks forward to NAAJA’s insights and to having a productive discussion," Mr Leeser said.

Public hearing details

Date: Thursday, 10 February 2022 (AEDT)
11.35am    North Australian Aboriginal Justice Agency

A live audio stream of the hearing will be accessible at https://www.aph.gov.au/Watch_Read_Listen.

For more information about this inquiry, including its terms of reference, details of upcoming public hearings, and instructions on making a submission, please visit the Inquiry webpage

ends

House Economics committee to inquire into superannuation 'war chests'

THE House Economics Committee will be holding a public hearing via videoconference on February 10, focusing on the impact of recent amendments made to the Superannuation Industry (Supervision) Act 1993.

This public hearing is part of the committee’s ongoing Review of the Four Major Banks and other Financial Institutions, with the committee to hear from Australian Prudential Regulation Authority (APRA), Australian Securities and Investments Commission (ASIC), Treasury, and Professor Scott Donald.

Committee Chair Jason Falinski MP said, Amendments to Section 56 of the Superannuation Industry (Supervision) Act 1996 were made as part of the government’s response to the Hayne Royal Commission to protect the funds of members by preventing trustees from using these funds to pay for fines incurred by their own actions. However, there have been wide reports of superannuation funds seeking judicial opinions to contravene this provision.

"The committee deserves an explanation from APRA, ASIC and Treasury as to how they are interpreting these new provisions, and what actions they will take to ensure that the decisions made by Parliament are not easily and carelessly overturned. The committee would like to know how superannuation trustees could fund their penalties, and ways to do so that do not put member’s funds at risk or increase their fees."

The committee will also hear from UNSW Associate Professor Scott Donald, who specialises in governance within the superannuation sector.

Mr Falinski said, "Throughout this inquiry, the committee has remained concerned about consumers’ best financial interests. While the regulators will be an important focus of the committee at this hearing, we also look forward to hearing from Professor Donald and his perspective on recent events."

For more information about the hearings, or to read transcripts from previous hearings, visit the committee’s website.

Public hearing details

Date: Thursday 10 February 2022
Time: 9.15am to 11.30am
Witnesses: Professor Scott Donald, APRA, ASIC and Treasury

The hearing will be webcast at aph.gov.au/live.\

ends

Improved reforms to counter espionage foreign interference in telecommunications sector

THE Parliamentary Joint Committee on Intelligence and Security (PJCIS) has endorsed the use of the Telecommunications Sector Security Reforms (TSSR), making six recommendations to improve its continued operation and address industry concerns. 

The TSSR reforms were enacted in September 2018 to help manage the national security risks of espionage, sabotage and foreign interference in Australia’s telecommunications networks and facilities.

The committee commenced a review in late 2020 to ensure the operation, effectiveness and implications of the reforms were being achieved in line with the original intention of the government and the PJCIS when legislated in 2018.

The committee today presented its recommendations which address industry concerns on the operation of the existing framework, as well as to complement the continued evolution of the government’s cybersecurity and critical infrastructure reform agenda.

The six recommendations cover:

  • ensuring that reforms and regulation are informed by the latest global network trends and threats;
  • ensuring that the aim of increased security and cyber-resilience is a central object of the Telecommunications Act 1997; and
  • increasing government and industry collaboration and information sharing in a collaborative working environment to ensure that threat-sharing is efficient, and that any further reforms are co-designed between industry and government to avoid regulatory duplication.

Chair of the committee, Senator James Paterson said the lives and livelihoods of Australians depended on safe and secure telecommunication networks and facilities.

"When our economy and way of life is so heavily reliant on telecommunication networks, this is an area of vulnerability that can be exploited by both state and non-state actors who may seek to cause us harm," Senator Paterson said.

"That’s why we need appropriate safeguards that empower both service providers and the government to protect our networks from national security risks.

"The Committee’s recommendations aim to refine the current operation of the reforms to help secure the telecommunications sector, to protect our economy and national security," Senator Paterson said.

Further information on the inquiry as well as a copy of the report can be obtained from the inquiry website.

ends

Lloyds Auctions offers Cellife RATS tests at $8 each for Australian businesses

AUSTRALIAN company, Lloyds Auctions is supplying more than 400,000 highly sensitive bulk Rapid Antigen Tests (RATs) to Australian businesses as one of the nation’s cheapest tests available at $8 each.

“Aussie businesses have been left with only breadcrumbs to survive on during this pandemic, so we are choosing to help support struggling businesses by providing bulk quantities of Rapid Antigen Tests for only $8 each with no limits," Lloyds Auctions chief operations officer, Lee Hames said.

“As Josh Frydenberg commented today, it is time for the private sector to take the baton and continue to run hard,” stated Mr. Hames.

The 400,000 tests available are known as Cellife, one of the highest quality RAT tests on the market and available for distribution now.

"It should be recognised that not only have individuals been struggling to get these tests but both small and large Australian businesses, these are the people keeping our economy going and they are struggling to continue trading without having these Rapid Antigen Tests on hand," Mr Hames said.

"For this reason, we want to guarantee a supply to as many Australian businesses as possible allowing them to specify the quantity they need."

Lloyds Auctions has made similar contributions towards the community back in March 2020 at the start of the pandemic, when they were fortunate to receive thousands of bottles of sanitiser when Australia had next to nothing available. The team came together to give these sanitisers away to the community and have come into a similar circumstance yet again with these Rapid Antigen Tests.

"Like many Australian businesses struggling to trade during the pandemic we actually put a call out to our Lloyds family desperately asking for goods to sell on our site and someone replied saying they had hundreds of thousands of Rapid Antigen Tests for sale," Mr Hames said.

"Again, our team purchased tens of thousands of those which we gave away for free to individuals in need.

"The response so far has been overwhelming both physically and emotionally for our team who are passionate about helping people who are really struggling to find or afford these tests, but it is very rewarding, and people are extremely grateful," Mr Hames said.

RAT tests can be purchased on the Lloyds Auctions website at www.lloydsauctions.com.au 

Contact This email address is being protected from spambots. You need JavaScript enabled to view it. or call 1800 456 588 for a custom quantity of Rapid Antigen Tests for delivery until supply runs out.

ends

Intelligence Committee backs expansion of intelligence oversight mechanisms

THE Parliamentary Joint Committee on Intelligence and Security has backed the enactment of greater oversight of the intelligence community in a new bill, with amendments.

In its review of the Intelligence Oversight and Other Legislation Amendment (Integrity Measures) Bill 2020, tabled today, the committee supports the passage of the bill following implementation of four key recommendations.

The Bill proposes to expand the oversight jurisdiction of the Inspector-General of Intelligence and Security (IGIS) to cover the intelligence functions of the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Criminal Intelligence Commission (ACIC); and expand the oversight of the PJCIS to cover the intelligence functions of AUSTRAC.

The Bill forms part of the government’s response to the 2020 ‘Richardson Review’ of intelligence legislation.

The committee has recommended that the bill be passed by Parliament following implementation of four other recommendations:

  • The remit of IGIS and PJCIS be further expanded to also cover the intelligence functions of the Australian Federal Police.
  • In addition to IGIS, PJCIS be similarly provided with an oversight role over ACIC.
  • The government review the scope and adequacy of legislative provisions relating to the retention and destruction of intelligence material.
  • The government consider convening a regular meeting of the heads of intelligence integrity agencies, to discuss coordination of their work and promotion of integrity within the National Intelligence Community.

"In an era of strategic competition in the Indo-Pacific and rapid technological change, the government is rightly providing record funding and new powers to our intelligence community to meet new challenges and evolving threats," PJCIS Chair, Senator James Paterson said.

"It is vital oversight and scrutiny keeps pace with these new capabilities to retain public confidence and ensure scarce resources are most effectively targeted to the most serious risks,"Sen. Paterson said.

Further information on the inquiry as well as a copy of the report can be obtained from the inquiry website.

ends

Good times roll in the Sunshine State as export values surge

LAST YEAR’s national trade figures are out – and it is great news for resource-rich Queensland.

According to the latest ABS data, in 2021 national resources and energy exports were up almost 30 percent on the previous year, setting a new Australian record of $348.9 billion.

Queensland Resources Council (QRC) chief executive Ian Macfarlane said the data showed national coal exports in the December quarter alone were valued at $23.8 billion, up almost 160 percent on the same quarter in 2020.

“LNG is a similar story, with exports in the December quarter valued at $18.3 billion, which is almost 150 percent higher than the same quarter the previous year,” he said.

Mr Macfarlane said the Queensland economy was the major beneficiary of a buoyant resources sector.

"Queensland Treasury figures show the total value of state exports rose by almost $16 billion last year to reach more than $79 billion,” he said.

“Around 80 percent (or $63 billion) of that amount comes directly from Queensland’s resources exports. Much of this growth was driven by coal, which is Queensland’s number one export and experienced a 45 percent (or $10.4 billion) increase in value over the past 12 months.

“That’s why it’s so important for our sector to get our response to climate change right - our industry supports the jobs of more than 420,000 people and 15,000-plus businesses around the state.

”We support our industry achieving net zero by 2050, and will be doing everything we can to lower our emissions and become more sustainable in the long-term using the best available technology.”

Mr Macfarlane said resources is by far Australia’s largest export earner, and the global outlook for coal, gas and metals is particularly strong.

“The latest forecasts estimate Australia's resources and energy exports will reach almost $380 billion this financial year, which will be another record result if that happens,” he said.

"The good news for Queensland is that a draft Queensland Resources Industry Development Plan is now in its final consultation phase, and once released will guide our industry’s transition over the next 30 years to a sustainable and prosperous future.

“The QRC and other industry groups have been consulting with the State Government on this plan over the past 12 months, to work out how to support responsible growth in the resources sector and set our state up for environmentally sustainable prosperity.

“This includes supporting our current strengths like coal, gas, aluminium and copper, as well as the emerging export markets for hydrogen, ammonia and battery and new economy minerals which are also a key part of Queensland’s future.”

www.qrc.org.au

 

ends

Victorian Government Commercial Tenancy Relief Extension welcomed by Accommodation Association

PEAK industry body, the Accommodation Association, today welcomed the Victorian Government Commercial Tenancy Relief Scheme (CTRS) extension and new regulations and is encouraging all States and Territories to provide similar support.
 
Accommodation providers in Victoria are facing numerous challenges due to COVID-19. The latest outbreak has provided an additional challenge to the industry’s fledgeling recovery so this announcement provides much needed relief for hoteliers in the face of already weak consumer confidence.
 
Originally announced by Small Business Minister Jaala Pulford in July 2021, the Commercial Tenancy Relief Bill 2021 provided support to small and medium businesses. The extended scheme which will now run until March 15, 2022 will be available to businesses with turnover of less than $10 million and who have also suffered a decline of at least 30 percent in turnover.
 
This effectively gives small and medium businesses an additional two months of rent relief and protection.
 
The Victorian Small Business Commission (VSBC) will continue to provide mediation support to tenants and landlords if parties cannot reach a satisfactory agreement. 
 
Accommodation Association national general manager for advocacy, Bassel Tallal said, “This decision effectively grants our many accommodation providers the comfort and confidence to keep the lights on and the doors open whilst withstanding the challenges of the latest Omicron outbreak. With the unenviable combination of reduced consumer confidence, diminished foot traffic and staffing shortages, this extension is warmly welcomed.
 
“Small and medium accommodation providers can once again breathe easy with this extension and our members can now continue to focus on rebuilding their business and supporting their staff.
 
“The Accommodation Association believes the new regulations of this scheme represents the right balance as outlined by Minister Pulford.
 
“We sincerely thank the Victorian Government and Minister Pulford for extending the scheme, proactively consulting with industry and providing small and medium businesses with further relief and protection until mid-March.” 

ends

AWU promises Senate it will keep speaking out about ag visa dangers, culture of exploitation

AUSTRALIAN Workers’ Union national secretary Daniel Walton has told a Senate Committee his union would not bow to demands from the
Federal Government to cease speaking to ambassadors and the community about the "dangers of the new Agriculture Visa and the culture of exploitation that exists within the farming industry".

Mr Walton appeared alongside fruit picker and Chinese national Kate Hsu before the Senate Select Committee on Job Security this morning.

"Unfortunately, exploitation is now a core part of many farmers’ business model," Mr Walton  told the committee.

"A huge number of temporary visa places have been provided over the years for backpackers and seasonal workers, with barely any rules and inadequate monitoring, compliance, and enforcement. Since 2016, 11 different pieces of research have investigated exploitation of horticulture workers… and they have all come back with the same findings: underpayment, mistreatment, shocking conditions and exploitation are systemic.

"This is not just a few bad eggs. The Fair Work Ombudsman investigated hundreds of employers over five years in its Harvest Trail inquiry; more than half of its investigations found a breach of workplace laws. Three-quarters of these breaches involved underpayment. Poor pay and conditions have been justified on the basis of ‘labour shortages’ – that there are too few Australians willing to take up the work.

"But every day, Australians, including thousands of AWU members, get up to work in jobs that are just as tough and arduous as fruit picking. The difference is they have access to Australian standards of pay and Australian working rights."

Mr Walton told the senators the situation would only be exacerbated by the government’s proposed new Agricultural Visa. The AWU has being repeatedly attacked by Agriculture Minister David Littleproud for speaking about the dangers of the new visa with ambassadors to Australia, but Mr Walton vowed to continue speaking out frankly.

"So far, all of the potential agriculture visa partners have seen right through this. Legislation to establish the visa was passed in October, yet not one country has signed up to join the program," Mr Walton said.

"Only Indonesia has been willing to publicly express an interest in the program, yet after an expensive trip last week, Minister Littleproud came back with no deal on the ag visa. Why didn’t Indonesia sign up? Because they understand that worker exploitation is rife in Australia.

"[Mr Littleproud has] told every regional newspaper and radio station that will listen to him that the AWU hates Australia, hates farmers, that we’re disgraceful, that we’re getting in the way. Yet, since the visa announcement in June last year, we reached out several times to discuss how we can deal with labour concerns in the horticulture sector. He’s still yet to take a meeting with us.

"We are still opposed to the ag visa, because the government hasn’t done enough to protect the workers already here, whether they’ve come from the working holidaymaker program like Kate or they’re hear under the Pacific programs. Instead of threatening and intimidating workers and their representatives we should be encouraging workers who are getting shafted to speak out, reach out so that we can find you a better workplace."

ends

AWU counting down to 28 April when fruit pickers guaranteed rate becomes law

THE Australian Workers' Union is now counting down the days until April 28 when the new hourly minimum rate for fruit pickers will come into force

Last November, the AWU secured an historic industrial win for fruit pickers by successfully arguing the Horticulture Award should be altered to ensure every worker is entitled to take home the minimum casual rate of pay, currently $25.41.

The Fair Work Commission has now announced the guaranteed hourly rate will come into force on April 28 and will be calculated daily as recommended by the AWU, and not per pay period as advocated by the farmers' lobby.

"It's fantastic that from April 28 fruit pickers will get some certainty about how much they should be legally paid for their labour — the union is counting the days," AWU national secretary Daniel Walton said.

"For too long the farmers' lobby has seen fruit pickers as somehow beneath the usual standards offered to Australian workers. But the hard work of pickers deserves the same minimum wage dignity afforded to everyone else.

"We are grateful the Commission has ruled hourly rate earnings must be calculated daily. One of the great advantages of last year's historic ruling was the clarity it provided. Fruit pickers — who often have limited English and information about Australian laws – will now find it easy to assess if they are being ripped off by their employer.

"Now at the end of each day every picker should be assured that their work netted at least $25.41 an hour. If not, their employer is stealing from them and breaking the law.

“It is deeply disappointing that the farmers’ lobby saw fit to try and obfuscate the simplicity of the system by arguing that the calculation should be made per pay period. We are glad they were not successful.

"This ruling is a huge advance for this industry and for all the farmers who are already doing the right thing."

ends

 

NSW $1 billion business support package welcome but too late for some - Employsure

THE $1 billion support package announced for businesses in New South Wales will offer some help for employers who have been struggling to stay open over the summer period, but for others it could be too little, too late according to an Employsure evaluation.

Business owners with a turnover of less than $50 million and who can prove a 40 percent turnover decline in January will be given a payment of 20 per cent of their weekly payroll from mid-February when applications open -- capping out at $5000 a week.

Employsure, Australia’s largest workplace relations advisor, has heard the hardships business owners have faced over the past several months. In January alone Employsure has received thousands of calls to its employer advice line from its 31,000-plus client base, as COVID continues to cause disruptions across the country.

“Although there have been support packages in the past, for most employers they are still walking a fine line financially as they struggle to sustain their business,” said Employsure business partner Emma Dawson.

“One of the toughest trends we’ve seen over the summer period has been temporary closure due to a COVID infection in the workplace. With too many employees off sick, businesses have been forced to close and miss out on crucial revenue. To add to that stress, employers must then navigate the minefield of figuring out what leave employees are entitled to and how much they must pay accordingly.

“Rapid antigen tests have been hard and expensive to come by to potentially enable these employees to come back into the workplace sooner, so it is welcome news this package will support with the purchasing of them.

“Any assistance for business, particularly small business, is welcome and will indeed take the strain off thousands of employers across the state. However, for some, the damage has already been done and permanent closure could be an inevitable result of these disruptions,” Ms Dawson said.

www.employsure.com.au

 

ends

 

FSC welcomes new proxy advice regulations

THE Financial Services Council (FSC) has welcomed the Federal Government’s announcement to regulate proxy advice.

The FSC said it supported the government’s aim of ensuring that the provision of proxy advice to superannuation funds and fund managers was transparent and independent.

Acting CEO of the FSC, Blake Briggs, said, “We are pleased the government has responded to industry feedback on the initial Treasury consultation paper and improved on the original proposals.

“Superannuation funds manage almost $3.5 trillion on behalf of Australians, so it is critical that proxy voting arrangements are transparent so consumers can be confident that trustees and fund managers are exercising their voting power according to members’ best financial interests," he said.

“The government’s reforms align with existing industry best practice, reflected in the FSC's enforceable Standards for our members on proxy voting and asset stewardship.”

The Federal Government has also taken on board the industry’s concerns that the proposed timeframes, which would have required proxy advisers to provide information to subject companies prior to clients, were unworkable.

“Aligning the dates that proxy advisers will be required to share information with their clients and the subject companies is a sensible compromise by the government that will facilitate compliance for proxy advisers, superannuation funds and fund managers during the busy AGM season,” Mr Briggs said.

The FSC also supported the provision of proxy advice being covered by an Australian Financial Services Licence (AFSL). This would mean that the provision of proxy advice would be subject to the general obligations under the Corporations Act and appropriate regulatory oversight.

www.fsc.org.au

 

ends