AGRIBUSINESS, gas, tourism, international education and wealth management are five future growth sectors in which Australia has a competitive advantage -- and it is vital Australian business fosters them properly according to new research from Deloitte.

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Chris Richardson

According to the report, Positioning for Prosperity? Catching the next wave, these five ‘super-growth' industry sectors could be worth an extra $250 billion to the national economy over the next 20 years and are likely to hold the key to Australia's future prosperity.

The report is the third edition of Deloittes' Building the Lucky Country series, which focuses on business imperatives for a prosperous Australia, according to its co-author from Deloitte Access Economics, Chris Richardson.

"As the mining wave continues to deliver prosperity for Australia, albeit at a declining rate, our analysis shows there is vast potential to be tapped in five additional super-growth waves of agribusiness, gas, tourism, international education and wealth management," Mr Richardson said.

"Exceptional growth in these five sectors could add an additional $25 billion to Australia's GDP in 2033 or a boost of about 1 percent to an economy turning over $2.6 trillion in today's dollars."

Positioning for prosperity? Catching the next wave  includes detailed analyses of the challenges and opportunities for maintaining Australia's current wave of prosperity beyond the mining boom as well as how to make the most of the next five ‘super-waves', which Deloitte predicted would collectively match mining in terms of their contribution to the Australian economy.

"It's all about catching the next wave," Mr Richardson said.

"Mining will continue as a major driver of our prosperity over the next two decades and beyond. We need to look at how we can extend our ability to ride the mining wave. Yet success as a nation cannot be built on natural resources alone. That boom is slowing and our competitive advantage is being challenged.

"The reality is that we need new growth drivers. We need another wave - or several - to create more diversified growth. And the first place to look is markets that can be expected to grow significantly faster than the global economy as a whole over the next 10 or 20 years, or by more than about 3.4 percent per year. For example, global markets for gas, tourism and agribusiness are each expected to grow at rates at least 10 percent faster than global GDP as a whole.

"As history has shown, global growth alone isn't enough to deliver success to Australia. We also need an edge, a source of comparative advantage that's hard for other nations to match, so that the world wants what we have."

The report said five big-picture advantages gave Australia a head-start: world-class resources in land, minerals and energy; proximity to the world's fastest growing markets in Asia; Australia's use of English, the world's business language; a temperate climate; and well understood tax and regulatory regimes.

Building the Lucky Country co-author and global thinker on growth strategy, Mehrdad Baghai, managing director of Alchemy Growth Partners, said, "The Australian economy grows when Australian advantage meets global opportunity.

"The multi-billion-dollar question is: where will global growth and Australian advantage next intersect? That's where we will catch the waves that will drive our prosperity, today and tomorrow."

 

BREAKING WAVES

Central to the Deloitte report is a Positioning for Prosperity map, which assesses where the next waves of prosperity are most likely to come from by plotting expected average global GDP growth rates over the next 20 years against the level of Australian competitive advantage for each sector. 

The five sectors which offer both high growth rates and Australian advantage are:

•        Agribusiness: Global population growth of 60 million per year will increase food demand, with Asia's growing middle classes set to boost their protein intake.

•        Gas: Rapid growth in emerging economies has polluted the air in the major cities to Australia's north. That will underwrite demand for gas, a cleaner and greener alternative.

•        Tourism: This sector is set to double in size in the next 20 years, with Asia's expanding middle classes fuelling the growth.

•        International education: Foreign students are already Australia's fourth biggest export earner, with India and China likely to drive great growth in demand in the sector.

•        Wealth management: Three billion people in Asia will join the middle class by 2030 and by 2050 the region will account for more than half the world's financial assets.

 

These next export waves are the most important growth priorities for Australia, and Mr Richardson said the growth of these sectors would be helped by the retreat of the Australian dollar from its record highs.

"We see the Australian dollar settling at US80 cents in the longer term," Mr Richardson said. "This downswing has already begun, and it signals the starter's gun on new opportunities for ‘dollar dependent' sectors including manufacturing, farming, tourism, and international education. It will also be a tailwind for interest rate-sensitive sectors, such as retail and housing construction."

As well as mining and the five super-growth sectors identified, the Deloitte Positioning for Prosperity map features 14 other major sectors whose contribution to the nation's prosperity will continue to be vital. These include big, domestically-focused industries such as banking, health, construction, business and property services, transport and logistics, public administration and manufacturing, among others.

According to Mr Richardson, "These sectors all have the potential to generate substantial pockets of export business. Indeed, some of these mainstay industries have served as stable incubators for their high-growth sector offspring."

Agribusiness had emerged from farming, wealth management from financial services and banking; and international education from education as a whole, Mr Richardson said.

"In early 2014, Deloitte will release the final version of this report with further research that explores the story of where future growth exists and how business can unlock its potential," he said.

 

BUSINESS MUST TAKE LEAD

Deloitte chief strategy officer and Building the Lucky Countryseries co-author, Gerhard Vorster, said business has to take the lead in positioning Australia as a competitive global force in these growth sectors. 

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Gerhard Vorster

 

"Governments will play a supportive role in managing the challenges of labour markets, providing more efficient regulation and tax regimes and a stable and clear set of policy rules for business, in order to enable growth," Mr Vorster said.

"But ultimately, it is up to business leaders to put in the hard work, to think hard about their own proximity to prosperity and about how best to position themselves closer to these prosperity opportunities.

 "Our report helps equip decision-makers to hit ‘forward' and ‘fast forward' when and where it counts to shape the future for their companies and Australia's economy," Mr Vorster said. 

"The report includes a range of actions, what we call ‘prosperity levers', which can help organisations to identify and review their current competencies and structural advantages.

"How organisations allocate their resources and arrange their mix of portfolios now will determine whether they optimise their growth in the years ahead.

  "Australian businesses and families can be confident that our opportunities are just as great now as they were at the start of the mining boom," Mr Vorster said.

"Our future growth will be more diversified than the past decade and we will have to work harder to maintain the quality of life we have come to expect.  But the opportunities are there to generate exceptional and lasting sources of future wealth for all Australians.

"The potential payoff is huge."

http://www.deloitte.com.au/

 

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LAST week’s Federal Budget spared the agricultural sector from significant budget cuts that would have jeopardised the sector’s productivity and profitability – according to the Queensland Farmers Federation (QFF) – but it also failed to deliver on anticipated reforms.

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Cairns remains an agribusiness growth hub while also developing Reef protection systems.

QFF said the reform measures were expected to set out a plan for growth into the future and adequately recognise the sector’s broader contribution to the national economy.

According to research by the agribusiness organisations that make up the QFF, the most notable new measure in the budget is for $99.4 million for a Farm Household Allowance over four years, to support farmers through drought.

  “It follows the recent announcement of Farm Finance, which would provide $60 million over two years to help fund concessional loans for Queensland farmers,” a QFF spokesman said. “The Budget confirms the transition to a new range of drought support measures, which are due to begin on July 1, 2014. QFF received a briefing last week on the Farm Household Allowance payment, and QFF will be briefing members on the issue at the QFF Council meeting this week.”

QFF did welcome the confirmation in the budget of the $200 million extension to the Reef Rescue program, which has achieved major outcomes for Queensland farmers and the environment in catchments along the coast.

However, the new measures in the Budget have been offset by a number of cuts to other areas of government.

Much of the $99.4 million for the Farm Household Allowance has been diverted from the Caring for Our Country (CFOC) program.

QFF said this program provides crucial support for farmers to partner with the government to undertake natural resource management, and any cuts to this program will have negative repercussions for industry and the environment.

The government is also reducing CFOC by a total of $140 million over the next five years.

There is a reduction in funding of $4.1 million to Plant and Animal Health Australia, with cuts forecast to reach $8.1 million by June 2017. These are in addition to a $34.6 million cut to quarantine and export services last year.

QFF also noted cuts to all departments, but specifically to staff working on quarantine and export services and Austrade staff.

Another issue is that the cost of applying for a 457 visa will increase from $455 to $900, which is expected to raise $198 million over four years. For many farmers, 457 visas play an important role in tackling the skills shortage facing regional areas, and moves to make these visas more expensive put the efficacy of these visas at risk, said QFF.

WET TROPICS RESOURCE

QFF lodged a submission on the draft Wet Tropics Water Resource Plan last week. The key issues addressed relate to concerns farmers have in the Upper Catchments about the availability of water that they will have when the plan is implemented.

For example, the plan proposes conversions of eight megalitre per hectare in most of these catchments but dairy and vegetable farmers indicate that they can use up to 10 megalitres per hectare. The Plan makes allowance for farmers to apply for up to 20 megalitres of additional water for uses other than irrigation such as dairy wash down, fruit packing sheds and for watering of dairy herds.

QFF is asking in its submission that issues such as water pumping rates be further examined with farmers before the plan is finalised “to ensure all has been done in the final plan to avoid any adverse impacts on existing farming operations”.

RAIL FREIGHT FOCUS WELCOMED

On state issues, QFF has welcomed the announcement from the State Government that it will work to improve the process of taking bulk commodities out of trucks and off the roads, and into trains and on railways.

The State Government announced this week that it would invest up to $50 million on passing loops on the Toowoomba range and up to 20 additional train paths per week will be made available for rural freight.

“This move follows a huge plummet in recent years in the agricultural sector’s ability to get time on the tracks to move rural commodities such as grain to the port of Brisbane,” a QFF spokesman said.

“Solving agricultural freight issues is both complex and expensive and this announcement will help contributing to a positive end result.

“QFF also seeks the government to address a range of other infrastructure issues affecting the sector such as the deterioration of a number of railways lines across regional areas, some of which have been inoperable for years from flood damage.

“The much-talked about ‘missing link’ rail line from the Downs north to Gladstone would also provide another avenue for rural freight, provided that this rural freight was able to get access to the tracks.

“The announcement last week shows very positive signs that the Minister for Agriculture and the Transport Minister are working together to look at pragmatic solutions, and QFF looks forward to working with them further on the details of the plan and the longer term complex issues, while promoting any opportunities for farmers to take advantage of improvements as they arise.”

www.qff.org.au

ends

 

The Queensland business calendar has little to match the Business Leaders Hall of Fame in terms of anticipation.

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Flight Centre's Graham 'Skroo' Turner (centre) was one of last year's Business Leaders Hall of Fame inductees.

The Queensland Business Leaders Hall of Fame 2011 Induction Dinner will be staged on Thursday, September 1 at the Brisbane Convention and Exhibition Centre (BCEC). Expectations are running high as to which business leaders and organisations will join the esteemed list this year.

The Hall of Fame Governing Committee said tickets were now on sale and special guest Queensland Governor Penelope Wensley AC would be inducting the 2011 nominees.

In 2010, Australia's first millionaire, century-old family businesses, Flight Centre's founder, Golden Circle, Ray White and Bundaberg Rum were among nine great Queensland business success stories inducted into the Queensland Business Leaders Hall of Fame.

The Hall of Fame, now in its third year, celebrates leading businesses and business leaders who have enhanced Queensland's reputation and its economy. It is a joint partnership between the Queensland University of Technology (QUT) Business School, the State Library of Queensland and Queensland Library Foundation, with support from the Queensland Government.

The Hall of Fame now has a permanent home in a purpose-built space at the State Library where video stories and historical data proudly display Queensland's business leadership excellence and culture of innovation.

"Our 2010 inductees represent the diversity and development of the Queensland economy from the 19th century to the present," QUT Faculty of Business executive dean, Peter Little said.

"Each has exhibited excellence and, in their own way, made a remarkable contribution to business in Queensland," Professor Little said.

Queensland Business Leaders Hall of Fame is supported by Origin Energy, the Australian integrated energy company and one of Australia's leading accounting and advisory services firms with a Queensland presence dating back 120 years, WHK Horwath,

The 2010 Queensland Business Leaders Hall of Fame inductees were:

Jack Hutchinson - Mr Hutchinson took the family building business, established in 1912, and turned it into Queensland's largest privately owned construction company, whose projects include Kingfisher Bay Resort on Fraser Island and St. Stephen's Cathedral restoration in Brisbane.

Kate Mary Smith (1847-1932) - The Irish immigrant founded K.M. Smith Funeral Directors after the premature death of her husband left her with six children to support and a business to run. The business, 130 years later, remains in the family.

Graham Turner - ‘Skroo' Turner is managing director and co-founder of Flight Centre, Australasia's largest retail travel group. He established the company in 1981 after selling the successful Top Deck tour company he established in England in the 1970s.

James Tyson MLC (1819 - 1898) - Immortalised by Banjo Patterson's poem T.Y.S.O.N, Australia's first millionaire began his working life as a squatter on the Lachlan River. The rural entrepreneur first found wealth droving cattle to the Bendigo goldfields and butchering the meat for miners. By the time of his death, he had served as a member in the Queensland Parliament and owned more than five million acres in Queensland, New South Wales and Victoria.

Bundaberg Distilling Company - In 1888, several small sugar producers banded together to float a new public company, The Bundaberg Distilling Company. The company used molasses, the by-product of the booming local sugar industry to produce the now iconic Bundaberg Rum.

Golden Circle Limited - Founded 63 years ago by Queensland pineapple farmers as a growers' co-operative, Golden Circle has played a significant role in the Queensland economy and processes about 180,000 tonnes of fruit and vegetables with a $400million turnover annually.

Queensland Institute of Medical Research - Established in 1945 by the Queensland Government, the QIMR is one of the largest and most successful medical research institutes in Australia, recognised worldwide for the quality of its research. Its achievements include discovering Ross River Virus and developing environmentally friendly, mosquito-breeding control programs against dengue fever.

Ray White Group - Established in 1902 in Crows Nest, Queensland, family-owned Ray White has grown into Australia's most successful real estate agency business, specialising in auction as a method of sale since 1906. Run by the family's fourth generation, the Ray White Group handles 10 percent of all real estate business in Australia.

Xstrata Mount Isa Mines - Following the discovery of lead ore in Mount Isa in 1923, Mount Isa Mines was established the following year. However, due to difficulties such as isolation and flooding, it was not until 1937 that the company first made an operating profit. Acquired by Xstrata in 2003, the business has made a significant impact on the Queensland economy and regional development.

 

* For more information on the 2011 Hall of Fame induction event, contact Rebecca Gauld. Tel: (07) 3138 2532. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Master of Ceremonies for the black tie event will be national television broadcaster Sharyn Ghidella and Katie Noonan Jazz Trio will provide entertainment.

www.qut.edu.au

 

ends

 

Businesses recovering from interruptions such as the recent natural disasters in Queensland and Victoria are being urged to see the rebuilding process as an opportunity to improve their systems and operations. National chartered accounting and business advisory firm, PKF, wants business to seize opportunities to implement plans that ensure future disruptions to their operations are minimised.

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Business recovery planning 'opportunity'.

PKF's director of Enterprise Advisers, Matthew Field, said the biggest obstacle many face as a result of unexpected events, such as natural disasters, is not having a recovery plan in place, which would allow them to continue to operate their businesses. 

"Many business owners in Queensland in particular thought they were properly prepared for an unexpected business interruption, like flooding. However, they were caught out having inadequate plans in place. Other businesses had no contingency plan at all, with some losing all business records as these were stored on-site in hard copy, rather than electronically," Mr Field said. 

"While tragic, the recent natural disasters present a unique opportunity to affected businesses and offer valuable lessons to all businesses. Apart from realising the need to have robust disaster plans in place, in many ways the events we have seen have provided a clean slate on which businesses can rebuild their operations and devise new and more resilient processes and systems," Mr Field said. 

According to Mr Field, business owners recovering from unexpected business interruptions due to natural disasters should seek to combine the available government assistance and tax concessions for immediate relief with a more comprehensive medium-term rebuilding and future risk analysis plan. 

In the aftermath of the Queensland floods and cyclone, the Federal Government has made a series of tax concessions and other assistance measures available to businesses, including tax exemptions and lodgement extensions. 

"When the Queensland floods first hit, many of our clients were concerned with short term issues such as their ATO obligations like deadlines for BAS payments. While Federal Government assistance for disaster-affected businesses is fairly comprehensive, relying solely on this to continue normal operations would be like 'placing a band aid on a bullet wound', as fundamental issues regarding how they function would be left unchanged. 

"We are urging our clients affected by business interruption not to take a short-term view of their recovery. Rather, they should see this as an opportunity to reconstitute their businesses, comprehensively examine their models and processes and use the opportunity of rebuilding to improve their business as a whole," Mr Field said. 

Looking further on the bright side, businesses now have a unique opportunity to improve their products or service offerings from taking advantage of newer technology or plant and equipment replaced after the natural disaster.  

Mr Field said PKF was advising businesses affected by interruptions to their operations, due to factors beyond their control, to seek Australian Government relief in a number of ways:

•·         Federal and State Government grants and subsidies.

•·         Tax exemption assistance from the ATO.

•·         Tax agent relief for professionals.

•·         ATO lodgement extensions.

•·         Other ATO assistance and support - for example reconstruct tax records, Fastrack refunds, and tax hardship concessions.

•·         Certain payments from employers to employees relating to the floods, for example emergency clothing, transport and accommodation may be exempt from Fringe Benefits Tax.

•·         ATO extensions to meet BAS and other lodgement obligations without penalties.

•·         Accounting professionals are receiving extra support from the ATO to help clients recover from the disaster.

www.pkf.com.au

* Business Recovery is now a regular section of Business Acumen magazine. Subscribe now. Gift subscriptions also available.

ends

The collaborative nature of the Queensland Leaders program is one of the best examples of Queensland's advantageous business environment in action. Queensland Leaders partner and sponsor companies are helping to foster the next generation of international companies based in Queensland. It is a unique venture in which leaders of successful Queensland companies such as Super Cheap Auto Group, Colorado Group, Domino's Pizza Enterprises, Mincom, RP Data and Macarthur Coal help to mentor the program's up-and-coming member companies. The 2008/09 members have just ‘graduated' and the drive for members of the 2009/10 series will be launched on August 25.

 

Queensland business icon, Ben Macdonald, said it simply at the ‘graduation' event for Queensland Leaders companies recently.

"Queenslanders always come together. We're different in the way we do business together and we are far more successful because of it," he told the business leaders gathered at the graduation dinner.

Mr Macdonald - one of Queensland's most prolific business leaders, holding chairmanships of AP Eagers, FKP and Reef Casino Trust - was there as a retiring foundation advisory board member of Queensland Leaders. Retiring he may have been, but typical of the spirit of the organisation he admitted he would stay engaged with Queensland Leaders.

Some were there to celebrate the culmination of their company's time with the Queensland Leaders 2008/09 program. Other business leaders were there to celebrate the work and camaraderie they had built up with the Queensland Leaders members over the past year - much of which had led to positive business outcomes that would otherwise not have materialised.

Some of these examples, outlined by members, included vital advice from Export Solutions that helped solve a serious export challenge; assistance with human resources issues for a rapidly growing company; introductions that brought unanticipated business opportunities; advice from Millhouse IAG on a capital raising program that overcame a serious product development hurdle; and many examples of advice from partners and sponsors that enabled members to meet current economic and management challenges.

In his address to the Queensland Leaders gathering, former State Treasurer, Deputy Premier and University of Queensland chancellor, Sir Llew Edwards, urged the group to keep striving and innovating and maintain their "uniquely Queensland spirit".

Member companies of the Queensland Leaders 2008/2009 series are:

 

BIOGLOBAL

CEO Ken Ingbritsen said BioGlobal aims to become a profitable global bioscience company by developing biochemical technologies for the major pest management market opportunities created by the trend to clean, green and naturally-based products. Bioglobal's products fall into two green technology platforms, mating disruption (MD, which is the use of pheromone chemicals (insect smells) in dispensers to disrupt themating habits of insects; and attract and kill (A&K), the use of pheromones and kairomones (plant smells) to attract insects to insecticide-laced baits or mass traps. www.bioglobal.com.au

 

CLINICAL TRIALS GROUP

This group of collaborating companies, administered by Queensland Clinical Trials Network (QCTN) CEO Mario Pennisi, is made up of QCTN, Clinical Network Services (CNS), Mater Medical Research Institute (MMRI), The Wesley Research Institute and TetraQ.

QCTN is an independent, not-for-profit umbrella organisation established as one of the Queensland Government's Smart State initiatives. It has more than 55 members. QCTN is a primary point of contact for domestic and international organisations seeking to undertake preclinical and clinical research in Australia and helps them to identify and connect with appropriate research institutions, hospitals, CROs and other life sciences' service providers. Clinical Network Services (CNS) is an Australian based contract research organisation (CRO) providing clinical management support to the healthcare community during the early phase clinical development of their products and is Queensland's leading educator of research professionals.

MMRI is building a world-class medical research institute to discover, develop, translate, and commercialise medical research that integrates with relevant areas of excellence with Mater Health Services.

The Wesley Research Institute conducts research that focuses on improving patient care and quality of life - turning basic scientific findings into better health care outcomes for patients as quickly as possible.

TetraQ is an Australian CRO providing a range of high-quality, integrated and tailored preclinical services globally to the pharmaceutical and biotechnology industries. In order to assist clients to navigate the commercialization process, TetraQ has prepared the Preclinical Drug Development Roadmap which is available on its website.

www.qctn.com.au

 

CONICS

Conics is a leading development consultancy focused on urban growth and infrastructure, headed up by CEO Peter James.

Conics helps clients meet the challenges of urban growth and infrastructure delivery through a unique combination of economics, advisory, design, planning and surveying services. Conics development intelligence and services are delivered by 650 employees from 12 metropolitan and regional offices across eastern Australia. Clients include property developers, infrastructure providers, resource companies and government agencies.

Conics was formed in 2005 through the merger of PMM and C&B, two of Queensland's leading land development consultancies.

www.conics.com.au

 

CUTTING EDGE

Cutting Edge provides world class post production services to the Australian and international film and television industry.

Renowned for its work in reality television, such as Big Brother, a field in which it leads the world, Cutting Edge has grown its team from three employees in 1992 to over 150 fulltime employees and 500 part-time employees in 2008.

Cutting edge director Matthew Lawson said through a strategy of continuous reinvestment in its technology, facilities and staff, the business has grown into the largest post production facility in Queensland and the most diversified in Australia.

From Cutting Edge's world-leading post production facility on the shores of the Brisbane River at West End, it produces an award-winning portfolio of work around the globe, including the UK Reality Television market, television commercials and work on feature films.

The company has won over 20 international awards for the creation of world-class television commercials.

www.cuttingedge.com.au

 

 

DE VRYER & ASSOCIATES

De Vryer & Associates (DV&A) is a high-net worth financial planning practice that specialises in the administration and management of self managed superannuation funds. The business delivers low stress and high performance investment and superannuation solutions to wealthy individuals and their families. Managing director Jonathan Bonnett said De Vryer's management team is visionary and enthusiastic with an excellent blend of practical and creative skills.

www.dvanda.com.au

 

 

GILMORE ENGINEERs, e3k

Gilmore Engineers began in 1986, when Duncan Gilmore at the age of 35 began offering engineering consulting services beyond his role as a senior lecturer at The University of Queensland. In 1993, Dr Gilmore left the university and formed Gilmore Engineers Pty Ltd, a mechanical engineering consultancy specialising in research and development and expert witness services.

The brand name ‘e3k' - derived from ‘engineering3000: new technologies for the new millennium' - was registered and trademarked in 2001 to operate as the New Product Development Division of Gilmore Engineers. The ‘big picture' vision for e3k is to become a global player in the development of intellectual property for the increasingly technological world.

Complete products which satisfy an identified market and consumer demand are created from initial concepts, or partially developed devices. A complete idea generation, design, prototype development and testing service is provided.

Commercialisation and manufacture of the product is considered constantly with assistance being given in protecting IP, conducting market research, liaison with regulatory authorities, and importantly interacting with sources of finance.

E3k has developed technologies which include a renewable energy power system, driven by tidal or ocean currents, with an advanced prototype currently feeding up to 200 kW of electrical power into the Victorian electricity grid from a site at San Remo, near Phillip Island, south east of Melbourne. Four engineers from e3k are nominated as inventors on the original base patents. The technology is expected to be taken worldwide by international investors.

Apart from renewable energy, in which e3k remains active, the group has developed high-lift grass cutting blades for Rover Mowers Ltd which were originally destined for Europe but are now sold worldwide. It developed a unique patented drug delivery device, with the technology being finally sold to Canon, Japan.

Underground mine rescue equipment has been developed for CSIRO, extra-high efficiency hydro turbines are operating in New Zealand, quick-acting hydraulic fastening systems are used in nuclear power plants worldwide, jumbo jets are held to the tarmac by e3k tie-down devices, and Australia's  kayak athletes won Olympic Medals in Sydney using sensors developed for use in their preparatory AIS training.

www.gilmore-engineers.com

www.e3k.com

 

GROUND BREAKING INNOVATIONS

Ground Breaking Innovations Pty Ltd (GBI) has a unique business in the mining industry. CEO Graham Lumley said GBI started in 1999 with one employee and now has 20. Turnover has increased at a compound rate of 24 percent. He said the mining industry is data and information-rich but knowledge poor. GBI recognised this problem and started analysing dragline data to bridge this gap.

"We now also collect and analyse data from trucks, electric rope shovels, front end loaders, hydraulic excavators and hydraulic backhoes," Mr Lumley said. GBI has headquarters in Brisbane with an office in Witbank (South Africa)  and clients in North America, South America, Africa and Australia. In the last 12 months GBI has been developing the unique resource of  analyzing drill data.

GBI employs engineers, ex-operators and IT professionals to provide services to the mines and to train their people in our methods of understanding and interpreting the data. Nobody can compare the performance of a piece of equipment or operators with best practice from around the world without using GBI data, Mr Lumley said.

www.gbi.net.au

 

 

GROWGREEN

Grow Green Technologies aims to promote environmentally sustainable and cost effective farm production processes based on the premise that improved plant yield and quality is built on the foundation of improved soil health.

Grow Green manufactures a unique range of liquid (ProfertR) and solid (Soil RevivaR) fertilisers based on naturally sourced nutrients recovered from predominantly marine organic waste.

Soil RevivaR is a ‘release on demand' bulk nutrient delivery syste whose mineral structure ensures that nutrients do not leach into waterways or volatilise into the air making Soil RevivaR environmentally friendly and economically viable.

ProfertR is a rapidly acting, amino acid based fertiliser that can be applied foliar or through irrigation systems.

Manager Robert Smith said Grow Green has recently commenced marketing its liquid fertiliser range through the AIRR network of 130 distributors along the Australian eastern seaboard and is also looking ahead to export markets, currently conducting major university and company trials in India, in addition to an ongoing trial program with major Australian horticulturists and viticulturists.

www.growgreen.com.au

 

HEAT TREATMENT

Heat Treatment Australia is an innovative company offering metal heat treatment services to the engineering and tool making industries in Australia. General manager Karen Stanton, said the Queensland owned family business has operated since 1979 and grown from a one man show to a staff of over 50 located at three branches -  Brisbane, Sydney and Melbourne.

Heat Treatment Australia offers a comprehensive thermal processing service to the east coast of Australia with customers reaching into other geographical areas including Tasmania, South Australia and Western Australia.

Heat Treatment's three plants include some of the most sophisticated thermal processing equipment currently available.

www.heat.com.au

 

 

INFINITY DESIGN

Infinity Design Development Pty Ltd is a product development company specialising in industrial design and the development of innovative products for manufacture. The company has been involved in many large R&D projects including taking a lead design role in a $16million program with James Hardie for the design and advanced automated manufacture of products for the construction industry.

Managing director Glenn Bevan said development projects in the consultancy environment range from consumer, industrial and medical electronic products, through to sports equipment, homewares and food packaging. Infinity Design has a varied client base including Queensland Rail, Australia Post, Tabcorp, Rio Tinto Iron Ore, Tait Radio Communications, Leica Geosystems, Brita Water filters, Hayco manufacturing, Furi Knives and Alvey Reels. The company has an export focus and currently generates over 25 percent of its income from offshore clients.

www.infinitydesign.com.au

 

IRECKON

Information services company, ireckon, has been developing end-to-end applications and services using internet technologies since 1998. CEO Darryl King said  ireckon aims to help business use its information profitably using technology.

"Before buzz words engulfed the internet, ireckon was developing rented software applications (Software as a Service), web widgets and agile developments that allowed our customers to get the most out of the then emerging internet technologies," Mr King said.

With a head office in Brisbane providing solutions throughout Australia as well as in the UK, ireckon provides businesses with tools and expertise to enable them to ‘webify' their business.  ireckon has its own robust enterprise hosting facilities, which deliver millions of transactions every month for SMEs across Australia and New Zealand as well as content management solutions that support major multinational news organisations.

www.ireckon.com

 

 

IRONBARK SOFTWARE

Founded in 1978 by managing director Chris Findlater, Ironbark Software supplies ERP solutions to clients in fresh produce, timber, supply chain, fuel, manufacturing, building and construction, project management, wholesale distribution and retail industries.

The total Ironbark solution consists of integrated software business systems along with financial and process specific applications which are customised to meet their client's unique requirements.

Mr Findlater said this year marks a major milestone event for Ironbark Software, celebrating its 30th anniversary at a gala event in mid-October in Brisbane.

Today Ironbark Software is operating in over 300 sites in Australia, New Zealand and China.

www.ironbark.com.au

 

LESLIE CONSULTING

Leslie Consulting (LC) is a mechanical engineering consultancy which, since inception in 1989, has endeavoured to provide complete engineering solutions in an holistic manner, to a variety of clients and industry sectors.

The five key elements of LC's business are Engineering and Design, Consulting Services, Products, Renewable Energy and  Land and Developments. Director Bruce Leslie said, in particular, LC's development and commercialisation of monitoring systems for draglines are at the forefront of data acquisition technology and fatigue cycle analysis.

With a head office in Brisbane and other offices in Mackay and Johannesburg, the company employs over 40 professional engineering staff and operates under the guidance of Engineers Australia for professional development advice for its staff, all of whom have professional development plans. With a growing client base in the resources, transport and material handling industry sectors, the company has averaged over 30 percent growth in revenue year-on-year for the past five years.

www.lc.com.au

 

MAP CREATIVE

Map creative caters to the growing demand for custom media publishing. Managing director Carl Lindgren said map creative is the link to the world of traditional publishing and online media.

"We will develop custom media products for your business to maximize your unique brand value and build your customer community," Mr Lindgren said. "At map creative we exist to facilitate the dreams of our clients and to realise their marketing strategy. Map creative can create a stand-alone magazine or a magazine that can integrate into larger marketing strategies."

The map creative team is responsible for creating map magazine, a lifestyle magazine that changed Brisbane's inner-city media landscape and became part of the urban cultural vernacular. Mr Lindgren said the map creative team is made up of a creative group of passionate dreamers, editors, art directors, positive media activists, designers, illustrators, copywriters, project managers, and a dedicated sales team, all committed to delivering inspirational solutions both in editorial content and advertising.

www.mapcreative.com.au

 

MIPAC

MIPAC provides expertise and solutions to optimise plant wide process control and enable operational excellence for its clients. Managing director Eddie DeRivera said MIPAC had  a proven track record and strong know-how in industries that require continuous control for complex, business critical operations, such as mineral processing, metal production, oil and gas and pulp and paper.

"We serve major global companies and have delivered solutions for more than 100 projects around the world, including Australia, China, Fiji, Germany, India, Indonesia, Kazakhstan, Malaysia, New Caledonia, Peru, Thailand, South Africa and Zambia," Mr DeRivera said.

www.mipac.com.au

 

PERFECT POTION

Perfect Potion's pure plant preparations are designed to care for customers' wellbeing, delight their senses and enhance their environment.

Perfect Potion assists people in making informed choices about their health and wellbeing through its engaging and knowledgeable team, education programs and publications.

"We provide people with a nurturing environment to assist them in discovering their harmony and balance - this is the Perfect Potion experience," said Perfect Potion managing director Salvatore Battaglia. "Our customers are socially and environmentally aware individuals who look for ways of enhancing their health and finding balance in their life, they desire to lead a life that is not in conflict with nature."

Perfect Potion has recently become the first company in Australia to achieve Certified Natural Cosmetic status for its skincare range.

This means Perfect Potion products are not only gentle on skin, they are also environmentally friendly, with no sulphates, ethoxylates, parabens, petroleum by-products or synthetic colouring agents or fragrances. None of its products are genetically modified or irradiated.

Mr Battaglia said the company also uses 100 percent recyclable packaging, as will soon be indicated by the Recycle logo on its product labels.

www.perfectpotion.com.au

 

PRIESTLEY'S GOURMET DELIGHTS

Priestley's Gourmet Delights manufactures a range of gateaux, tarts, slices and other tempting products as well as being a distributor for a range of savoury products for the domestic and international food service market.

Priestley's has key accounts in the cafe, restaurant, quick service restaurant, catering and institutional markets. Priestley's was founded in the early 1990s and originally operated only within the Brisbane area.

Gourmet Delights, an independent business, distributed Priestley's products on the Sunshine Coast in Queensland. In late 1995, an opportunity arose for Gourmet Delights to acquire Priestley's and, as a result, a new company was formed which acquired both businesses in January 1996.

The company currently distributes its range of products nationally and also exports to New Zealand, Hong Kong, Singapore and Russia, with key accounts in the cafe, restaurant, quick service restaurant, catering and institutional markets.

The company spread its manufacturing and distribution capability into New Zealand with its acquisition of Melba Foods in November 2006.

Managing director Andrew Beohm said Priestley's has also recently commenced representing a gourmet savoury range through a strategic partnership with a specialist manufacturer. These new products compliment the traditional sweet offerings and are consistent with their "total cabinet solution provider" strategy.

 www.priestleys-gourmet.com.au

 

URBAN ART PROJECTS

Urban Art Projects (UAP) designs and fabricates site-specific artwork and custom street furniture for architectural and landscape environments.

"We ensure artwork outcomes support and enhance design aesthetics by managing the design process through concept, documentation and construction," said principal Daniel Tobin. "We source artists for project teams and realise existing concept designs."

UAP offers a unique turn-key approach to commissioning large-scale artworks, providing low-risk solutions for clients.

www.uap.com.au

 

 

XENOME

Xenome is a biotechnology company that is focused on the discovery and development of peptide-based therapeutics. The company's lead product, Xen2174, is a novel conopeptide analogue for the treatment of severe pain, according to CEO Ian Nisbet. In 2007, Xenome and Amylin Pharmaceuticals entered into a partnership to screen Xenome's library for new drug candidates against metabolic disease targets. Xenome's discovery platform is based on a proprietary library of venom peptides.

Both Xen2174 and the Amylin partnership leverage off Xenome's unique expertise in peptide chemistry and its ability to translate the evolutionary advantages inherent in venom peptides into highly bioactive, drug-like molecules.

www.xenome.com

 

YOUNGCARE

Youngcare's goal is to provide a relevant and dignified lifestyle for young Australians with high care needs, according to director David Conry.

"Aged care is no place for any young person. Sadly though, many young people with high care needs have no choice other than to live in aged care facilities, simply because there are no other alternatives," Mr Conry said.

With the assistance of the community, government and business, Youngcare aims to create change by building a number of purpose designed apartments across Australia for young people requiring full time nursing care. In addition, Youngcare will look toward providing other care alternatives such as holiday accommodation, respite care and in-home assistance.

www.youngcare.com.au

 

QUEENSLAND LEADERS

Queensland Leaders Partners: ABC Learning, Alchemia, AP Eagers, Australian Agricultual Company, Colorado Group, Domino's Pizza, FKP, Industrea, Macarthur Coal, Mincom, Queensland Gas Company, Reef Casino, RP Data, Super Cheap Auto & BCF, and Trinity.

Sponsors: ABN Amro Morgans, Aon, BBS, Business Acumen Queensland magazine, Chandler Macleod, Export Solutions, Fisher Adams Kelly, Gibsons JBS, Grant Thornton, IBM, McMahon Clarke Legal, Millhouse IAG, Suncorp, TT Group Telstra, University of Queensland, and Wesley Corporate Health.

www.queenslandleaders.com.au

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Tourism heritage could be the next big ticket item for the Gold Coast region, according to a Griffith University travel and tourism industry researcher.

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Andy Irons surfs for Billabong: GC can promote its surfing heritage.

 

The Gold Coast has a unique opportunity to develop tourism-heritage product such as commemorative plaques, festivals and statues, tourism artefacts in museums, protected buildings and other facilities, as well as tourism-themed corridors and districts, researcher Dave Weaver told a recent gathering of key Queensland tourism industry representatives.

Dr Weaver presented his ideas at a roundtable luncheon recently entitled Tourism heritage: A new product opportunity for the Gold Coast.

He said the Gold Coast and Las Vegas were examples of 'tourist cities' - cities that developed and exist primarily for tourism and related leisure activities and industries.

"Contemporary tourism heritage examples can already be seen in the Winter Sun Festival in Coolangatta and the new museum Surf World at Currumbin which celebrates post World War II surfing culture," Dr Weaver said.

"Another example is the Surf Life Saving statue on the esplanade at Surfers Paradise, which tangibly celebrates part of our tourism heritage."

Dr Weaver said the Gold Coast needs product refreshment and new products to bring markets back that are not returning.

"We need to add more things like a tourism dedicated museum, bring back baby boomers who may have honeymooned here and start recording history now, including buildings that might be torn down but were hot spots in the 60s - so start archiving."

Industry representatives included those from the Gold Coast Show Society, Gold Coast City Council, SquareOne Events, Dreamworld/Whitewater World, Gold Coast Tourism, Office of City Architect and Heritage, Department of Employment, Economic Development and Innovation and Gold Coast Arts Centre, among others.

"The presentation was intended to stimulate dialogue and action so that the full potential of tourism heritage can be realised," Dr Weaver said.

"This roundtable presented tourism heritage concepts and development options, followed by some interactive discussions on how the Gold Coast could take a leadership role in developing 'new' product around the concept," he said.

"The idea of tourism heritage can include historical stuff, but on the Gold Coast, much of the tourism industry is post World War II and the concept is therefore about celebrating and promoting the contemporary tourism heritage."

http://www.griffith.edu.au/

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Businesses are increasingly pushing out into Brisbane's urban renewal areas in the search for office space – with suburbs like Fortitude Valley, Bowen Hills and New Farm experiencing significant demand.

Queensland research manager at Colliers International, Helen Swanson, said the Urban Renewal Area has recorded the strongest net absorption figure of all fringe office precincts, as at January 2009. Colliers found net absorption had averaged 66,052sqm in the past year.

"The mining, engineering and construction sector contributed largely to the take up of office space during 2008, but given current economic conditions along with falling base metal prices it is likely that demand from this sector is likely to diminish over the coming months," said Ms Swanson.

Vacancy rates for urban renewal office space are 6.4 percent, which translates to about 19,190sqm, said Ms Swanson. The market was made up of 297,634sqm of space.

"The urban renewal area's momentum is strong right now and it has reactivated the next wave of development," she said. According to Colliers International Research, there is 52,846sqm of new A-grade office space anticipated for a 2009 release in the Urban Renewal Precinct of which abput 66 percent is currently pre-committed.

Warwick Wolfe, state director of Office Leasing at Colliers International, said commercial properties within the Brisbane Urban Renewal area have become more readily available.

"The recent completion of Green Square would have accounted for the majority of the deals throughout 2008," he said. "We have also seen large commitments to the new HQ development from Maunsell Aecom 15,000sqm , Leighton 10,000sqm and Technology One 8000sqm."

"Over all the future of office development in the urban renewal precinct is very good once demand returns to the market. The urban renewal precinct is gathering an ever-growing level of acceptance from mainstream corporate tenants who employ a high proportion of Gen X and Gen Y. This has been proven over the past two years by the substantial number of tenants choosing to relocate to the Valley as its profile improves.

"When compared to other traditional commercial office precincts within the inner city fringe such as Milton , South Brisbane  and Spring Hill, the urban renewal precinct certainly provides the greatest possibilities for future office development as identified by the number of development applications received  by the urban renewal precinct in recent times," he said.

Ms Swanson said a commercial property in Newstead had been snapped up last month.

Cromwell Group purchased FKP Property Group's Energex building in February this year for $173million.  The office and retail asset situated at 33 Breakfast Creek Road, Newstead which is due for completion late next year has a 93 percent pre-commitment by Queensland Government owned corporation Energex.

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HQ Project, Fortitude Valley (artist's impression)

Projects anticipated to be completed in 2009 in the Urban Renewal Area include, 4 Kyabra Street in Fortitude Valley (2,799sqm), 26 Commercial Road in Newstead (2,465sqm), and 25 Montpelier Road at Bowen Hills (7,585sqm). HQ in Fortitude Valley (40,000sqm) is likely to be ready for 2010.

 

"There is also a further 22,800sqm of potential A and B-grade backfill space expected to enter the market in 2009," Ms Swanson said.

Ms Swanson said conditions are having a flow-on effect into the rental market with gross face rents of up to $550/sqm being achieved in the Urban Renewal area.

"Gross face rents for office space in existing buildings in the Urban Renewal area are achieving between $360/sqm and $500/sqm with rental incentives currently positioned at 10-15 percent," she said.

"New A-grade gross face rents in the Urban Renewal area are currently sitting between $450/sqm and $550/sqm with incentive levels at 15-20 percent."

www.colliers.com

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