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Prudential regulation on trade is under the spotlight

THE Trade and Investment Growth Committee is holding a fourth public hearing this Friday for its inquiry into the prudential regulation of investment in Australia’s export industries.

In previous hearings, the committee has heard from representatives of export industries, financial institutions and shareholder groups. The Committee Chair, George Christensen MP, said the committee was looking forward to discussing that evidence with Australia’s financial regulators and government agencies.

"Prudential advice plays an important part in ensuring a healthy and well-functioning financial system. In light of this, the committee is looking forward to hearing about how the Government and regulatory agencies can further support and enable investment in Australia’s export industries, which are so vital to Australia’s economy, particularly in regional areas," Mr Christensen said.

Witnesses include the Australian Prudential Regulation Authority, Reserve Bank of Australia, Australian Securities and Investments Commission and Export Finance Australia.

Public hearing details

Date: Friday, 13 August 2021
Time: 9am – 1.20pm

Due to the public hearing being held by teleconference, public access will be available via the live broadcast at aph.gov.au/live.

Further information about the committee’s inquiry, including the hearing program, is available on the committee’s webpage.

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Preventable death of seafarer during crew change off Qld coast highlights need for national approach - ITF

THE Australian Government should urgently implement a nationally-consistent best-practice plan for crew changes on international trading vessels following the preventable death of a seafarer during a high-risk transfer off Queensland’s Sunshine Coast this week, claims the International Transport Workers' Federation (ITF).

According tot he ITF, the man died after reportedly falling from a ladder being used to transfer seafarers between the Liberian-flagged bulk carrier Formosabulk Cement and a small vessel. As the incident occurred in Australian territorial waters, about five nautical miles off Mooloolaba, the vessel has been detained by the Australian Maritime Safety Authority to allow an investigation into the death to occur.

The ITF said the "lack of a nationally-consistent policy on international seafarer crew changes, along with restrictive state-based health orders, appeared to be the reason the high-risk offshore transfer was undertaken rather than occurring in port".

“Currently, Queensland is one of the only states in Australia facilitating crew changes on international vessels — which in many cases have seafarers that have been effectively trapped onboard for more than a year due to the COVID crisis,” ITF Australia coordinator Ian Bray said.

“The Formosabulk Cement was reportedly sailing to a NSW port, where a crew change could have safely occurred at the berth, but because of that state’s restrictive health orders it appears the vessel operator instead decided to replace the crew while sailing down the Queensland coast.

“After spending the last year at sea, this seafarer was looking forward to finally returning home to his family, but instead they have received the tragic news that he died during the crew change," Mr Bray said. “Our deepest sympathies are with his family, friends, and fellow crew members.

“It is essential that the Australian Government learn from this completely preventable death and take the urgent steps needed to address the crew change crisis that caused it.

“Australia is failing to live up to its legal obligations as a signatory to the Maritime Labour Convention, which outlines the nation’s responsibility to the health and welfare of the seafarers that keep the nation’s supply chains moving.

“State and Federal Government’s are complicit in any fatalities that occur because crew changes are being undertaken in an unsafe manner due to their prescribed health orders," Mr Bray said.

“The Australian Government needs to urgently address this issue, working with State and Territory Governments to put in place a nationally-consistent, best-practice crew change policy that allows the safe transfer of crew members while vessels are in port.

“The current situation is seeing risky off-shore transfers take place, while some vessels are diverting to Queensland ports because it is the only Australian state with a comprehensive approach to crew changes.”

 

About the ITF and ITF Inspectorate

The International Transport Workers' Federation is a democratic global union federation of 670 transport workers trade unions representing over 20 million workers in 140 countries. The ITF works to improve the lives of transport workers globally, encouraging and organising international solidarity among its network of affiliates. The ITF represents the interests of transport workers' unions in bodies that take decisions affecting jobs, employment conditions or safety in the transport industry.

The ITF Inspectorate is a network of 147 inspectors and contacts, based in ports all over the world, whose job is to inspect ships calling in their ports to ensure the seafarers have decent pay, working conditions and living conditions on board. They conduct routine inspections and also visit ships on request of the crew. If necessary they assist with actions to protect seafarers' rights as permitted by law.

 

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Consumers ignored in automotive franchising code discussion paper

THERE is one consideration missing from the automotive franchising code discussion paper released today - the Australian consumer, according to the Federal Chamber of Automotive Industries.

Minister for Employment, Workforce, Skills, Small and Family Business, Stuart Robert today released a discussion paper that considers further reforms to the Franchising Code of Conduct introduced on July 1 this year.

Federal Chamber of Automotive Industries chief executive Tony Weber said by failing to consider the consumer, the discussion paper appears to put the interests of one component of the supply chain over Australian families.

“The ink is not yet dry far reaching industry regulations introduced last month. Their impact needs to be seen before more regulations are contemplated,” Mr Weber said. 

“The government describes its franchising reforms as having already delivered ‘big wins’ to dealers, but where there’s a winner there’s also a loser – and in this case it’s the Australian consumer.

“Automotive franchising is a consumer issue, not an industry protection issue. It should focus on providing consumer choice not dealer protection at the expense of all others. Regulation should encourage innovation and flexibility for business, not leave it anchored in the last century.”

Mr Weber said Australia already has extensive competition and franchising regulations and any further regulation would stifle the industry’s capacity to innovate to meet the changing needs of the Australian consumer.

“Over-regulation will not protect the industry but what will is a choice of sales models, better service and competitive pricing," he said.

“The FCAI looks forward to working with industry stakeholders and the Federal Government on this important issue,” Mr Weber said.

www.fcai.com.au

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Mining industry health and safety conference rescheduled to August 2022

ORGANISERS of the annual Queensland Mining Industry Health and Safety (QMIHS) Conference today announced that the 2021 event, scheduled to start on August 22, will be postponed.

The four-day, sold-out QMIHS Conference was to be held at The Star Gold Coast, with more than 600 delegates expected to attend.

Conference committee chair, Glencore’s director for underground operations, Darren Nicholls, said the organisers were taking a precautionary approach.

“The resources sector has worked hard to protect our industry and Queensland’s regional communities since the pandemic began last year and we’re very pleased to note that so far we’ve not had a single case of COVID-19 transmission at a Queensland operation,” Mr Nicholls said.

“But we must continue to be vigilant. Given the logistical challenges of putting together an event of this size in the current landscape and taking on board the latest advice from health authorities, our organising committee has put caution before conference and postponed the event.

“It is regrettable, but we will now focus on developing the 2022 conference, which will again be held at The Star from August 21 through to August 24 using the same theme of 'Together We Collaborate, Innovate and Educate'," he said.

“I would like to take this opportunity to thank our sponsors, presenters, exhibitors and conference attendees for their understanding and their enduring support of the conference and we look forward to welcoming them in 2022.”

The QMIHS conference has been held annually since 1989 to exchange information, provide networking opportunities and foster proactive health and safety management.

Further updates on the 2022 conference can be accessed through the conference website, Facebook page and the LinkedIn page.

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Boosting aquaculture in the Northern Territory

THE Northern Territory Seafood Council, which represents seafood operators across the aquaculture, wild catch and trader/processing sectors, and Seafarms, the organisation behind Project Sea Dragon, a large-scale staged development of prawn production ponds across Northern Australia, will give valuable evidence this week to a parliamentary committee inquiry into aquaculture.

The House Agriculture and Water Resources Committee will be holding the public hearing as part of its current inquiry into Australia’s aquaculture sector. 

The Committee Chair, Rick Wilson MP said, "This hearing will round out evidence from aquaculture stakeholders in the Northern Territory received during a public hearing and site visits in Darwin in July.

"The committee has seen first-hand the significant aquaculture work being undertaken in the Northern Territory. We look forward to hearing further perspectives about current challenges and new opportunities for aquaculture in the Territory, and how the government can help address barriers being faced by operators."

For further information, visit the inquiry website.

Public hearing details

Date: Thursday, 12 August 2021
Time: 10.10am to 11:10am AEST

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

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Dispatchable energy inquiry to hear from CSIRO

THE House of Representatives Standing Committee on the Environment and Energy will on Wednesday hold a public hearing for its inquiry into the current circumstances, and the future need and potential for dispatchable energy generation and storage capability in Australia.  

Representatives from CSIRO will appear before the committee to discuss Australia’s current and future energy mix, specific dispatchable energy technologies and future frameworks that need to be considered to ensure Australia’s energy system is equipped for the future.

Committee Chair Ted O’Brien MP said, "The CSIRO is Australia’s preeminent science agency and will provide the committee with an insight into how Australia’s energy sector, combined with scientific technologies, can catalyse energy transition towards improved dispatchable energy generation and greater storage capability.

“CSIRO will be able to bring to the Committee valuable insight from their scientific research in this area,” Mr O’Brien said.

Public hearing details

Date: Wednesday, 11 August 2021
Time: 10.15am to 11.15am
Location: via videoconference

Program

10.15am – 11.15am: CSIRO

Due to Covid-19 restrictions, committee proceedings held in Parliament House are not currently open to the public. The hearing will be broadcast live at aph.gov.au/live.

 

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Improving Australia's skilled migration program

THE Joint Standing Committee on Migration today presented the final report for its inquiry into Australia’s skilled migration program.

Committee Chair Julian Leeser MP said, “Over 500,000 temporary migrants have left Australia since the COVID-19 pandemic began, and the lack of skilled migrants coupled with record low unemployment has led to major skill shortages in many sectors of the Australian economy.

“The government has implemented many of the recommendations the Committee made in Interim report in relation to skills shortages in the economy and their impact on the viability of businesses and their ability to create more jobs for Australians,” Mr Leeser said.

“In this report, the committee has made recommendations addressing a range of issues including a whole of government approach to address skills shortages, providing clearer pathways to permanency to and enabling the best and brightest international students to come and stay here to help us fill persistent skills shortages.

“The report also recommends a number of measures aimed at cleaning up and streamlining the skilled migration system, including consolidating the skills lists, replacing ANZSCO, providing more concessions for regional visas, improving customer service from Home Affairs and streamlining Labour Market Testing and the Skilling Australia Fund,” said Mr Leeser.

A copy of the report and more details about the inquiry are available on the committee website.

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Government reforms drive TPB's goals and focus for 2021-22

THE Tax Practitioners Board (TPB) today launched its Corporate Plan for 2021-22, outlining its strategic objectives, goals and focus areas for the year.

To fulfil its purpose of ensuring tax practitioner services are provided to the public in accordance with appropriate ethical and professional conduct, and to prepare for the future, the TPB has set out three strategic objectives for the year: 1. Efficient registration of tax practitioners; 2. Effective compliance through education, deterrence and sanctions; and 3. Innovation and preparation for the future.

The TPB’s goals and objectives for the year have been influenced by the Federal Government’s response to the Review of the Tax Practitioners Board.

In his introductory message, the TPB chair Ian Klug AM said, "The review’s recommendations and the government’s response will result in a more effective and independent TPB, which will, in turn, enhance community confidence in our work and the tax profession.

"The TPB will continue to maintain and uphold the integrity of the tax system more broadly. This role will be enhanced by the modernisation of our enabling legislation and better alignment of our purpose and objectives with our current role, responsibilities and expectations."

Mr Klug said in addition to its own improvements, the TPB would work with fellow regulators using data-driven strategies to target high risk tax practitioners.

"This will improve the professional standards of the tax profession by investigating, sanctioning and terminating the registration of targeted high-risk tax practitioners who drive tax avoidance and evasion, create a reputational risk for the tax practitioner profession, and reduce community confidence in the integrity of the tax system," he said.

Mr Klug also said the TPB would continue to support the government’s broader financial services reforms as they implement improvements to reduce red tape and establish a single disciplinary body for the regulation of financial advisers.

The TPB Corporate Plan 2021-22 is available on the TPB website.

www.tpb.gov.au

About the Tax Practitioners Board

The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct. Twitter @TPB_gov_au, Facebook and LinkedIn.

 

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Public Accounts Committee reviews use of alternative financing mechanisms

THE Joint Committee of Public Accounts and Audit (JCPAA) has commenced an inquiry into the use of alternative financing mechanisms in government expenditure, such as equity investments, loans and guarantees.

Committee Chair Lucy Wicks MP noted that the inquiry would focus on reporting in the Budget papers on programs funded through alternative approaches; reasons for programs being funded through alternative approaches; and the costs associated with different policies.

“The committee will have particular regard to the issues raised in Parliamentary Budget Office Report No. 01/2020, Alternative Financing of Government Policies,” Ms Wicks said.

The committee invites submissions to the inquiry that address the terms of reference. Public hearings will be held in the coming months.

 

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Accommodation Association welcomes Victorian Government rent relief scheme

PEAK INDUSTRY body, the Accommodation Association, today welcomed the Victorian Government Commercial Tenancy Relief Scheme (CTRS), and encouraged all States and Territories to provide similar support.

With hotels across Victoria continuing to mitigate the impact of successive lockdowns on both their business operations and staff, the measures provide some hope in the face of flatlining consumer confidence.

Announced by Small Business Minister Jaala Pulford and passed last night, the Commercial Tenancy Relief Act 2021 includes some key changes from the previous scheme which take into account the absence of Jobkeeper, and will provide support to small businesses with a turnover under $50 million that have suffered a decline of at least 30 percent in turnover.
 
The Scheme will run until January 15, 2022, and will apply retrospectively from July 28, 2021.
 
The Victorian Small Business Commission will receive funding to cover mediation costs between tenants and landlords from reintroducing the CTRS Scheme, which can be accessed for free by both parties.
 
“This new CTRS legislation can’t come soon enough for our struggling Melbourne hotel operators , which can’t begin to fully recover until the Sydney lockdown ends and no one knows when that will be yet," Accommodation Association CEO Dean Long said.

“We sincerely thank the Victorian Government and Minister Pulford for recognising the need to support businesses hanging on by a thread. Right now I know there are hotels and staff in Melbourne reliant on international and corporate travel out of Sydney that are effectively operating blindfolded, with no clear pathway forward.

“That’s why it’s critical the CTRS runs into 2022, as it recognises the need to support businesses impacted by lockdowns into next year. Snap lockdowns do not include a snap recovery, it will takes month for hotels to rebuild.

“While this legislation is a step in the right direction for our sector that needs to be mirrored across Australia, our hotels still desperately need a support measure which safeguards our staff and the businesses that employ them," Mr Long said.
 
"When borders reopen the accommodation sector will provide a key pillar our national tourism sector can use to rebuild, but governments must recognise our industry needs help to ensure we keep our staff engaged until then.”

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Committee launches review into the Foreign Influence Transparency Scheme

THE Parliamentary Joint Committee on Intelligence and Security (PJCIS) has commenced its review into the operation, effectiveness and implications of the Foreign Influence Transparency Scheme Act 2018.

The Foreign Influence Transparency Scheme was introduced in 2018 with the purpose of bringing transparency to activities undertaken on behalf of foreign principals, particularly where those activities are intended to influence Australian political and governmental systems and processes. The Scheme also imposes obligations on former politicians and senior officials, and criminal penalties apply to those who fail to comply with the requirements of the Scheme.

The Committee requests submissions to the inquiry by Monday, November 29, 2021.

Prospective submitters are being advised that any submission to the committee’s inquiry must be prepared solely for the inquiry and should not be published prior to being accepted by the committee.

Further information about making a submission to a committee inquiry can be found at this link.

Further information on the inquiry can be obtained from the committee’s website.

 

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