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| Archived News 2006
2005
2006 News
DECEMBER NEWS UPDATES
Invest Australia’s International Data Comparison Fact
Sheet
The
International Data Comparison Fact Sheet
provides an easy-to-read comparison of Australia’s
performance and position across a range of key economic
and investment related indicators. It has been updated to
include data effective to 15 November 2006.
http://www.investaustralia.gov.au/media/IDC_NOV_06.pdf
Australia
a Low Taxing Country Among OECD Economies
Australia is the eighth lowest taxing country in
the 30 member OECD according to the 2006 edition of OECD
Revenue Statistics. Australia's total tax revenue was
31.2 per cent of GDP compared to an OECD average of 35.9
per cent in 2004-05. OECD Revenue Statistics report the
combined accrual revenue collections at federal, state and
local government levels.
OECD statistics show that the government spending to GDP
ratio in Australia has dropped from 38.2 per cent in 1995
to 35.1 per cent in 2004.
Australia’s total wage and salary tax take as a
proportion of GDP is low compared with other OECD
countries. Australia’s direct taxation on individuals and
payroll is the fourth lowest of the 30 members of the OECD
taking into account personal income taxes, payroll taxes
and social security contributions. Australia and New
Zealand are the only two countries in the OECD that do not
impose taxes in the form of social security contributions,
which now have become the largest single source of tax
revenue in OECD countries, larger than total personal
income taxes.
Australia a Finalist in the Global Search for Next Gen
Radio Telescope
Australia
has been short-listed as one of the two possible sites to
house the new ultra sensitive radio telescope known as the
Square Kilometre Array (SKA).
The
decision was announced by the Square Kilometre Array (SKA)
Radio Telescope steering committee after assessing
applications for locations from five candidate countries
including Argentina, Australia, China, South Africa, and
the USA.
The project
involves 17 countries in the construction of the world's
biggest radio telescope. A decision as to where the SKA
will be located is expected by 2010. The estimated cost
to build the SKA is in the order of $2 billion.
The
proposed site for the SKA base station is at Mileura
station in Western Australia. The SKA will consist of an
array of antennas which could stretch from Western
Australia to New Zealand. The majority of arrays would be
located in Western Australia with the remaining sites
located throughout central and eastern Australia and
possibly New Zealand.
It would
use low frequency radio waves to observe various celestial
phenomena which include pulsars, black holes, dark energy
and the effects of magnetic fields on interstellar
objects.To operate, the array will require 10 Tera bits
per second signal processing and one Tera bit per second
fibre optic transmission links to connect the sites over
distances as great as 3000km. The Australian site has the
natural advantage of very low radio pollution and access
to strong expertise in research, radio science, and
telecommunications engineering.Regardless of where the SKA
is located, researchers will be able to access the data
received by SKA when it is fully operational.
Mining Investment Boom Continues In South Australia
Two more
major mines will be developed in South Australia,
confirming that the State’s record-breaking exploration
activity is translating into a mining boom. South
Australian mineral exploration expenditure reached $146.5
million in 2005-06, more than three times the 2003-04
level. Minerals are today South Australia’s largest export
commodity earning about $1.7 billion annually and
accounting for approximately 19 per cent of total state
exports. Mining now directly employs more than 10,000
people.
These figures will increase, with the recent announcements
of approvals for Oxiana’s $775 million copper and gold
mine at Prominent Hill and Terramin Australia’s plans to
establish a zinc and silver-lead mine at Strathalbyn in
the Adelaide Hills.
The mines
extend a list of projects that already includes OneSteel’s
well advanced $355 million Project Magnet iron-ore
expansion at Whyalla and Australian Zircon’s $70 million
heavy mineral sands mine at Mindarie in the Mallee region.
The
Prominent Hill mine, about 130 km north-west of Olympic
Dam, is expected to produce around 100,000 tonnes of
copper and 115,000 ounces of gold in concentrates a year.
The mine is expected to be in production by the third
quarter of 2008 creating around 400 ongoing jobs. The life
of the mine was initially estimated at 10 years, but the
recent identification of satellite deposits indicates this
could be extended.
Terramin
Australia Limited has been granted a mineral lease to
develop the $63 million Angas mine south of Adelaide. The
zinc and silver-lead mine, which is scheduled to come into
production in September 2007, is forecast to generate more
than 100 jobs and inject $29 million annually into the
regional economy over the seven-year life of the project.
MMR Establishes First Operation Outside The US
MyMedicalRecords.com
(MMR), a leading provider of consumer-owned online
personal health record and vital document storage, has
chosen Australia to establish its first operation
outside the
US.
As well as
its reputation as a country of early adopters,
Australia was selected by MMR for
its commitment to creating an advanced health system that
effectively leverages technology. "Australia's strong sustained
economic growth continues to provide government funding
for health care technology initiatives that encourage
private enterprise to accelerate the transition to shared
electronic medical records" said Ted Wycech, Chief
Operating Officer.
Headquartered in Sydney,
MyMedicalRecords.com.au (MMR-AU) has built
upon the US
version to deliver a product tailored to
Australia's environment. MMR-AU's
24/7 customer support leverages the skills of the Royal
District Nurses Society in
South Australia.
NOVEMBER NEWS UPDATES
Australia Ranks #1 in Corporate Governance
Maintaining high standards of corporate governance is a
critical issue for the efficient management and
profitability of companies. It is therefore significant
that supervision of company management by Australian
corporate boards has been ranked the world's best by the
2006 IMD World Competitiveness Yearbook.
Australia's high standards of corporate governance are also
reflected in its number one world ranking in terms of
efficiently managing shareholder value. Australia also has a
high ranking for the effective protection shareholders'
rights, where Australia ranks number one in the Asia Pacific
region, and third in the world. Australian companies are
also ranked in the top eight in the world for their auditing
and accounting practices and for their implementation of
ethical practices. Businesses establishing in Australia can
therefore be confident that they are operating within the
best corporate governance framework available.
Confidence in Australia's investment climate can be seen
from recent figures for new business investment which
increased by 11.8 per cent in the year to June 2006.
Investment in new machinery & equipment increased by 10.5 %
through the year and investment in new non-dwelling
construction increased by 14.9 %.
International Data Comparison Fact Sheet
Invest Australia’s International Data Comparison Fact Sheet,
provides an easy-to-read comparison of Australia’s
performance and position across a range of key economic and
investment related indicators. View the International
Data Comparison Fact Sheet for October
2006.
Points of interest include:
Global Competitiveness Ranking
- Australia was ranked the 5th most competitive economy in
the Asia Pacific and 19th globally by World Economic Forum’s
Global Competitiveness
Report 2006-07. Australia was commended for the
transparency, efficiency and openness of its public
institutions; the effective adoption of new technologies for
productivity gains and a pro-business environment
characterized by the rule of law, high levels of
transparency and low levels of corruption.
Unemployment Rate
- As the economy continues into its sixteenth year of
economic expansion, the unemployment rate in Australia has
fallen to its lowest level in thirty years. According to the
Australian Bureau of Statistics, the total number of
employed persons has risen 2.6 per cent or almost 260,000 in
the year to September 2006, reducing the unemployment rate
from 5.1 per cent to 4.8 per cent.
NASA Space Launch for Woomera
NASA announced on 21 August 2006 that rockets will be
launched from Woomera, South Australia, to service the
International Space Station (ISS). NASA has selected two
U.S. companies, Rocket Plane Kistler and Space-X, to launch
rockets from the Woomera base. Starting in 2008, the
companies will conduct orbital flight tests and commercial
operations from the site
With NASA's existing space shuttle fleet due to be retired
in 2010, the organisation is looking to commercial firms to
take over ISS transportation services.
If trials are successful, the Woomera site would be used to
launch cargo such as fuel and food to the ISS as often as
every two weeks. A tendering process for the design and
construction of a $100 million launch site is expected to
begin early next year.
The concept to launch rockets to the space station from
Woomera was conceived by Rocketplane Kistler. The company
has spent US$700 million developing the idea.The
Woomera site was chosen by Kistler because it can be used
for polar and equatorial launches and because of its clean
land areas.
Kistler has scheduled the first launch of its K-1 rocket
from Woomera in late 2008. The K-1 launch vehicle is powered
by liquid-propellant engines and lands back on Earth with
the help of parachutes and airbags. It is designed to be
re-used 100 times.
OCTOBER NEWS UPDATES
Australia's
Economic Growth Projected To Accelerate Into 2007
The Economist
Intelligence Unit (EIU) is now projecting that Australia's
economic growth rate will edge up further to 3.1 per cent in
2007, after expanding by an average of 2.9 percent in 2006.
The latest EIU data is in line with the IMF's
September 2006 World
Economic Outlook. Australia’s average growth rate
between 1998 and 2007 is estimated to be 3.5 per cent per
annum. The average rate is likely to exceed that of Canada
(3.3), the US (3.0), the UK (2.7), France (2.2), Germany
(1.5) and Japan (1.4).
The
Australian stock market continues to be the largest in Asia,
and ranks number eight in the world, according to
S&P/Citigroup's
The World by Numbers: Stock Market Review,
September 2006. Total market capitalisation is US$853
billion, about 65 percent larger than market capitalisation
in Hong Kong and 300 percent larger than that in Singapore.
If measured by floating stocks (the shares available to
investors in the markets), the Australian stock market is
almost triple the size of the stock market in Hong Kong and
nearly six times larger than that in Singapore.
According to
the latest survey from the World Bank
- Doing Business 2007,
the number of days required to start a business in Australia
is 2, which is the lowest among the 175 countries in the
survey. This latest number is well below the average of
around 17 days for OECD countries.
$270 Million Invested For New Offshore Petroleum Exploration
Permits
Australian Resources Minister, Ian Macfarlane, has announced
the award of 12 offshore petroleum exploration permits
adding more than $270 million of investment to Australia's
offshore exploration industry.
"These latest permits cover areas off Western and South
Australia, as well as the Northern Territory, bringing the
number of permits in Australian offshore waters to a record
total of 190," said Mr Macfarlane. "The Government has also
recently introduced exploration tax breaks and boosted the
nation's exploration geoscience data with an extra $134
million, and we are now welcoming new explorers from
countries including Scotland and India," he said.
"These areas offer exciting potential for petroleum
discovery," Mr Macfarlane said.
The twelve new permits are:
-
One
permit to Shell Development (Australia) Pty Ltd and
Chevron Australia Pty Ltd, in the Carnarvon Basin off
Western Australia, near Scarborough gas field;
-
Two
permits to Octanex NL and Strata Resources NL, in the
Southern Exmouth Sub-basin, southwest of the Enfield oil
production area;
-
One
permit to Oilex NL, Gujarat State Petroleum Corporation
Limited, Videocon Industries Limited, Bharat Petroleum
Corporation Limited, and Hindustan Petroleum Corporation
Limited, in deep water in the Northern Exmouth Plateau;
-
One
permit to Gascorp Australia Limited, in the Outer Exmouth
Plateau in a deep water extension of Australia's major
hydrocarbon producing basin;
-
One
permit in the Northern Exmouth Plateau, northwest of the
Mutineer/Exeter oil field, to Cue Exploration Pty Ltd;
-
One
permit to Gascorp Australia Limited, in the Northern
Exmouth Plateau, north east of the Janz/Io gas discovery;
-
Two
permits to Westralian Petroleum Limited, Lempika Pty Ltd,
and Emphazise Pty Ltd, located within a proven petroleum
system in the Perth Basin off Western Australia;
-
One
permit to Exoil Limited, Gascorp Australia Limited, Moby
Oil and Gas Limited, and National Energy Pty Ltd, in the
Otway Basin off South Australia; and
-
Two
permits to Oil and Gas Pty Ltd, Australian Natural Gas Pty
Ltd, and Nations Natural Gas Pty Ltd, in the Bonaparte
Basin off the Northern Territory.
SEPTEMBER NEWS UPDATES
CROCODILE HUNTER - Steve Irwin's Tragic Death
On Monday 4 September 2006, Steve Irwin died tragically
while filming a documentary on the Great Barrier Reef in Far
North Queensland.
A champion for wildlife and for the environment, Steve made
an enormous difference to Queensland and to Australia. His
achievements in promoting tourism and a greater
understanding of our natural environment were outstanding.
His loss will be felt by all those who followed his
extraordinary passion for his work and his life.
Click here to send a message of sympathy and support to
be passed on to Steve's family.
AUGUST NEWS UPDATES
ONE Million
Missing from 2006 Australian Census
On Tuesday 8 August, the Australian Bureau of Statistics
will count everyone in Australia, however, the 2006 Census won’t take into account Australia’s sizable diaspora of approximately one million people.
One Million More is an
independent, non-governmental survey of the Australian diaspora, an initiative of
Advance
in partnership with the
Southern Cross Group
(SCG)
and under the advisement of
Professor Graeme Hugo,
Federation Fellow, Professor of the Discipline of
Geographical and Environmental Studies and Director of the
National Centre for Social Applications of Geographical
Information Systems at The University of Adelaide.
The online survey of Australians
abroad, the
One Million
More Census, is set to go live on Tuesday
8 August and will remain open
until 30 September 2006. Participation is anonymous
and all data collected will be kept entirely confidential.
Only the SCG, Advance, and Professor Graeme Hugo of Adelaide
University will have access to the raw data. Research and
conclusions drawn from the data will be publicised on the
SCG's website, the Advance website and the One Million More
website in due course.
Houston – Australian Stem Cell
Expert Simmons to Lead Research Program at Brown Foundation
Institute of Molecular Medicine
An international authority on adult blood stem cells and
other bone-marrow stem cells, Paul J. Simmons, Ph.D., will
lead a new research effort at The University of Texas Health
Science Center at Houston.
“We are thrilled to recruit Dr. Paul Simmons as the leader
of the Center for Stem Cell Biology at the Brown Foundation
Institute of Molecular Medicine for the Prevention of Human
Disease (IMM). He is an outstanding stem cell scientist, and
his recruitment will elevate our stem cell program to a new
level,” UT Health Science Center President James T.
Willerson, M.D., said.
Simmons is program head in Stem Cell Research at the Peter
MacCallum Cancer Institute in Melbourne, Australia. His
research team at “the PeterMac” focuses on the fine
molecular details of blood stem cells and of mesenchymal
stem cells, which differentiate into bone, cartilage and fat
tissue and are thought to have potential for repairing other
types of tissue as well. He also is president-elect of the
International Society for Stem Cell Research.
“I am delighted that Dr. Simmons will be joining the IMM to
direct our Stem Cell Research Center. He will help us
recruit additional outstanding scientists to expand our
current research effort in stem cell biology,” said IMM
Director Ferid
Murad, M.D., Ph.D., 1998 Nobel Laureate in Physiology or
Medicine. “This is an exciting time to apply this
technology to many important and devastating diseases. He
will bring some fresh and important approaches to the
Institute with regard to stem cell research.”
Simmons is expected to recruit another dozen scientists to
the IMM, an effort bolstered by the recently completed
$230-million New Frontiers fundraising campaign.
“We have a responsibility to drive stem cell research from
bench to bedside on a foundation of excellence in basic
research.” Simmons said. “This is a new discipline at the
juncture of stem cell biology, bioengineering and
nanotechnology. New discoveries come at the interface
between different disciplines and institutions. The
opportunities here in Houston are absolutely outstanding.
Who wouldn’t jump at the chance to run a large new stem cell
program in the largest medical center in the world?”
Brain Drain Reverses as Foreign Skills Rush In --Cath Hart
reports
The
so-called "brain drain" that plagued Australia in the late
1990s has turned into a "brain gain" because of a massive
increase in the number of skilled foreign professionals
immigrating.
The trend
of Australians leaving to work overseas has also eased, with
many choosing to return, according to a new Department of
Immigration report released yesterday. The report, by
demographer Bob Birrell, comes as debate continues over the
increase in temporary skilled migration under the
Government's 457 visa program. "The scale of the net inflow
is very striking now and it indicates how dependent we are
becoming in Australia on overseas skills," Mr Birrell said.
An analysis of the number of people moving to and from
Australia during 2004-05 found the nation had a net gain of
44,443 people with a skilled occupation during the period.
The
increase was driven by an influx of professionals, with a
net gain of 29,054 people. "Australia's net gain from
international movement of skilled persons has nearly doubled
since the end of the 20th century, with the most rapid
growth occurring amongst professionals," says the report,
which analyses the impact of population movements on the
size and make-up of Australia's skilled workforce.
In addition
to the increase in skilled foreign labour, evidence of a
"brain drain" was diminishing as expatriate Australians who
left in the late 1990s returned home, Mr Birrell said.
The surge
in Australian resident departures during 1999-2000 and
2000-01 - which had fuelled concerns about the brain drain -
was in fact reversed just two years later, the report finds.
Ben Buchler, a postdoctoral research fellow with the
Australian Research Council Centre for Excellence in
Quantum-Atom Optics, left for Switzerland in 2002 and
returned earlier this year. However, he did not count
himself as part of the brain drain when he left Australia
because he had always intended to return. " I always wanted
to return to Australia eventually because I like it here,"
Dr Buchler told The Australian yesterday.
The report
identified the largest number of settlers worked in the
fields of computing, accounting, building and engineering.
Nurses and doctors also experienced large increases,
reflecting areas of domestic skills shortages, the report
says. Geologists, geophysicists, medical scientists and
mathematicians have also experienced consistent, though
slight increases, despite earlier concerns about decreases.
Australia also made a net gain of 6098 tradespeople in
2004-05.
JULY NEWS UPDATES
AUSTRALIAN NATIONAL TRADE
PICTURE
Across Australia, the value of merchandise exports increased
by 1.7 per cent to A$13.3 billion between March and April
2006. This saw the national trade balance narrow to a
deficit of A$741 million during the month of April. This is
down from a deficit of over A$1 billion in April 2005. The
decline in the national trade deficit is underpinned by
stronger growth in exports, which is up by 14.7 per cent
over the year to April.
NEW OFFSHORE
PETROLEUM EXPLORATION PERMITS AWARDED
Australian Minister for
Industry, Tourism and Resources, Ian Macfarlane, has
announced the award of five new offshore petroleum
exploration permits: two off Tasmania, one off Western
Australia and two in the Territory of Ashmore and Cartier
Islands.
"There is currently very strong interest
being shown by petroleum explorers in Australian offshore
areas," said Mr Macfarlane.
The new permits awarded are as follows:
-
Two in the Bass Basin off
Tasmania, situated close to southeast Australian gas markets
in shallow water, to Bass Strait Oil Company Ltd;
-
One in the Browse Basin off
Western Australia, a proven major hydrocarbon province, to
Nexus Energy Australia NL; and
-
Two in the Bonaparte Basin, in
the Territory of Ashmore and Cartier Islands off
north-western Western Australia, close to areas with
demonstrated commercial potential, one to Eni Australia
Limited and the other to Auralandia N.L., Natural Gas
Corporation Pty Ltd and Gascorp Inc.
Every year the Australian
Government releases a round of offshore areas for petroleum
exploration as part of its commitment to ensuring the
development potential of these areas is properly identified.
This provides a steady supply of new areas for bidding in
Australia's vast offshore sedimentary basins. The bidders
also draw heavily on Geoscience Australia's pre-competitive
data which is maintained and updated through government
support.
"The annual acreage release and the recent additional A$61
million put into updating Geoscience Australia's
pre-competitive data underlines the Government's commitment
to encouraging further petroleum exploration," commented Mr
Macfarlane.
JUNE NEWS UPDATES
2006 AUSTRALIAN FEDERAL
BUDGET SUMMARY
On 9th May 2006, The Honourable
Peter Costello MP, Treasurer of the Commonwealth of
Australia, released the 2006 Federal budget. Key
aspects of the budget included personal tax cuts, simplified
superannuation and increased support for families, older
Australians and carers.
Click Here for a
brief summary of the budget or view the
full budget report (1.7Mb).
Fiscal Outlook
• The 2006-07 Budget provides
for an underlying cash surplus of $10.8 billion, the
Government’s ninth surplus.
• Ten years of
sound economic management has seen debt eliminated in net
terms providing on-going interest savings of $8 billion a
year which can be invested
in physical and intellectual infrastructure.
Economic Outlook
• Prospects for the Australian
economy remain sound with economic growth forecast to be 3¼ per
cent in 2006-07.
• Business investment is set
to grow strongly over 2006-07 and export growth is
expected to pick up.
MAY NEWS UPDATES
THE AUSTRALIAN DIASPORA, SIZE, NATURE, SIGNIFICANCE - be
part of Professor Hugo's continuing research
Professor Hugo, Director of the National Centre for Social
Applications of Geographical Information Systems, University
of Adelaide is a major contributor to raising the profile of
the significance of Australia’s diaspora. In 2002, he
secured a AUD$1.125 million an ARC Federation Fellowship
Grant over 5 years for his research project “The new
paradigm of international migration to and from Australia:
dimensions, causes and implications”. His important research
is ongoing and is seeking assistance with the following
research project.
Kelly Parker a PhD student at the University of Adelaide is
working with Professor Hugo on a research project looking at
the experiences of Australians moving between Australia and
the United States. Kelly's aim is to capture the profiles of
as many and as diverse a range of Australians as possible
and learn about their experiences and what their movement to
the United States means to Australia.
Please do your bit towards achieving a better understanding
of the United States aspect of Australia's diaspora. If you
are in the United States, please take a few minutes to
complete the survey. Or pass the message onto other
Australians you know of in the United States. The survey can
be accessed at:
http://www.aisr.com.au/AustraliansinUS.asp
Individual responses are completely confidential; all
results will be presented in aggregate form and will be used
for academic purposes only. Kelly has promised to keep the
SCG updated as the study progresses and inform us of all
research results. If you have questions about this project,
or are willing to be one of a number of Australians in the
US interviewed by Kelly about the findings of the survey at
a later date, please contact her directly:
Kelly Parker, PhD Candidate Geographical and Environmental
Studies
Level 8 Napier Building
University of Adelaide,
SA 5005, AUSTRALIA
Tel: +61 8 8303 6415
Fax: +61 8 8303 3772
kelly.parker@adelaide.edu.au
International Data Comparison Fact Sheet
Invest
Australia’s International Data Comparison
Fact Sheet, provides an easy-to-read comparison of
Australia’s performance and position across a range of key
economic and investment related indicators. View the International
Data Comparison Fact Sheet for April
2006.
Australian Cities - Great Places for Expatriates to Live and
Work
Australian cities continue to be among the most attractive
places for expatriates to live and work, according to the
Mercer Human Resource Consulting Worldwide Quality of Living
Survey 2006.
Australian
cities, Sydney, Melbourne, Perth, Adelaide and Brisbane all
feature in the top 10% of the 350 cities surveyed, and were
all ranked ahead of major centres such as Paris, London, New
York, Hong Kong, Singapore and Shanghai.
Cities were
evaluated against a set of 39 quality of life criteria which
included political, social, economic, and environmental
factors, personal safety and health, education, transport,
and other public services. New York was used as a benchmark
for the survey. The analysis is undertaken to help
governments and multinational companies make decisions
relating to the placement of employees on international
assignments.
APRIL NEWS UPDATES
New agreement to supply LNG to Japan
North West Shelf Australia LNG has reached agreement to sell
up to 1.4 million tonnes of LNG per year to Japanese utility
Chugoku Electric Power Company. The deal is a 12 year
contract that commences in 2009. The Japanese utility is one
of the venture’s foundation customers with the original
agreement signed in 1985 to purchase 1 million tonnes of LNG
per year. LNG is Australia’s second-largest export to Japan,
with exports to Japan in 2005 worth up to A$4 billion.
Scientists of Australia and USA Strengthen Ties Thanks to
New Treaty
A new
treaty-level agreement signed this month will facilitate
closer ties and cooperation between Australia and the USA in
the areas of science and innovation.
The
Agreement relating to Scientific and Technical Cooperation
between the Government of the United States of America and
the Government of Australia was signed by the US Chargé
d’Affaires ad interim, William A. Stanton, and the
Australian Minister for Education, Science and Training, the
Hon Julie Bishop MP.
“Australia
and the United States of America have enjoyed very strong
collaborative research ties for many years and this
Agreement cements our countries’ commitment to continuing
and furthering that relationship,” Ms Bishop said after
signing the treaty.
“The new
Agreement acknowledges the benefits which flow from the
highly successful science and technology relationship
between Australia and the US and establishes a formal
framework upon which to build this relationship,” she added.
Agreed
principles support Australian and US researchers who wish to
form collaborative partnerships and will assist scientists
from both countries to exchange information and undertake
joint research projects. These principles include: equitable
sharing of the costs of establishing and supporting joint
research programs; the exchange of information;
the use
and exploitation of intellectual property; and the joint
training of scientists and technical experts.
The
Agreement also seeks to maximise the economic and social
benefit of research and development for both countries by
including a provision for Technology Management Plans which
will specify intellectual property rights based on the
relative contribution made by researchers from each country.
New Australian Government-Industry Strategy to Secure Energy
Future
By 2015 Australia could be exporting more than 50 million
tonnes of liquefied natural gas (LNG) while also supporting
a much-expanded domestic gas market which fires up to 70% of
the country’s new energy generation capacity.
That’s the industry ambition laid out in a new
government-industry strategy announced this month by
Australian Minister for Industry, Tourism and Resources, Ian
Macfarlane, at an Australian Petroleum Production and
Exploration Association (APPEA) conference in Perth.
Work has started on the national strategy at a Federal,
State, Territory and industry level, with an issues paper to
be released in the coming months on the measures needed to
see Australia move to a natural gas-fuelled economy over the
next decade.
-
The new strategy, with industry leadership from APPEA,
outlines a plan to:
-
ensure
natural gas is used for up to 70% of all new energy
capacity;
-
increase
LNG production to more than 50 million tones; and
-
double
the use of natural gas as a feedstock for resource
processing.
Mr Macfarlane, who has spent much time encouraging new
markets, including China, Mexico and California, to consider
the safe and competitively priced option of importing
Australian LNG, said there was a new need to also squarely
focus on growing the domestic gas market.
“The underlying priority is to see Australia claim its
rightful place as one of the world’s top five LNG exporters
– we are currently still outside the top 10 despite our vast
reserves – but that has to be backed by a solid domestic
usage program,” Mr Macfarlane said.
“APPEA is stepping up to the mark with this new alliance
which will be an industry-led strategy to dramatically alter
the ways and quantities in which natural gas is used for the
Australian domestic market.”
“The key is the industry enthusiasm for this strategy
because it will have to involve changing business and
community attitudes about energy production and opening
doors which are currently closed, but not locked, to natural
gas options.”
“This new alliance is about keeping the home fires burning
in a figurative sense through the use of natural gas, in a
very real sense.”
“It’s not pie-in-the-sky policy, it’s industry-led ambitions
which will secure our national energy future as much as the
future of our LNG exporters and producers,” Mr Macfarlane
said.
MARCH NEWS UPDATES
UNSW ALUMNI SERVICES
In order
to better serve its graduates, the University of New South
Wales now has a representative in the United States, in
Washington DC.The University's representative is Ben
Phillips and he will provide a more accessible point of
contact for any queries that you may have about UNSW alumni
services; making contact with other graduates and / or to
become more involved with our activities in the USA. Please
contact Ben Phillips to ensure that the University has your
contact details and can keep you updated on activities in
the US and at the Sydney campus. Ben can be contacted at:
ben.phillips@unsw.edu.au
or telephone: 202 396 8151.
SIGN UP FOR AUSTRALIAN RULES FOOTBALL IN HOUSTON
Interested
in playing Aussie Rules Football? A morning kick and BBQ at
Memorial Park is being scheduled for early April with the
goal to get interested players together for regular kicks.
Once regular meets are established, 9 on 9 or 12 on 12
semi-touch games will be organised with the long-term goal
of starting a USAFL club based in Houston. So put the word
out to all your mates!
If you are
interested please email
Daniel Russo Vice President, Dallas Magpies, Australian
Football Club.
www.dallasfooty.com Ph: 1 469.363.6983
APEC BUSINESS TRAVEL CARD THE WAY TO GO
The APEC
Business Travel Card cuts though the red tape of business
travel, and gives accredited business people pre-cleared
entry to participating APEC countries. The following
benefits apply:
•
Fast-track entry and exit through special APEC lanes at
major airports
• No need
to individually apply for visas or entry permits each time
you travel to any of the member countries
• Multiple
short-term entry to these economies for a minimum of 60 days
stay each visit
• Cards
are valid for three years. There are 17 APEC countries
currently participating in the ABTC Scheme: Australia,
Brunei Darussalam ,Chile, China, Hong Kong (China),
Indonesia, Japan , Republic of Korea, Malaysia, New Zealand,
Papua New Guinea, Peru, The Philippines, Singapore, Chinese
Taipei, Thailand, Vietnam.
Who is eligible?
If you
want to apply for the card you need to be a business person
who:
• Is a
passport holder of a participating economy (or a Hong Kong
permanent resident with any valid travel document),
• Travels
regularly to conduct trade and investment activities in the
APEC region,
• Has not
been convicted of a criminal offence.
How to apply.
If you are
a business person who meets these criteria, contact Ms
Amelia Brown, APEC Unit, Business Employment Section,
Department of Immigration and Multicultural and Indigenous
Affairs, Australia. Tel: 02 6264 1457; Email:
abtc@immi.gov.au or
visit
http://www.immi.gov.au/business/apec.htm
[Top]
FEBRUARY NEWS UPDATES
AUSTRALIA ON SHOW IN LOS ANGELES
Over seven days in the middle of January, leading
celebrities and business people converged on Los Angeles to
headline G’Day LA:
Australia Week
2006.
From 14 January to 20 January, events were held to promote
Australia’s diverse industries, such as entertainment,
tourism, wine, energy, manufacturing, sport, and investment.
The week provided an intensive focus on business and
investment opportunities in Australia. The activities and
events, coordinated by the Department of Foreign Affairs and
Trade, Austrade, Qantas Airways and Tourism Australia, were
designed to capture the interest of California, in
particular, the fifth largest economy in the world and a key
market for promotion of Australian businesses.
Business events during the week highlighted Australia as a
highly competitive base from which to conduct business in
the Asia Pacific region. For example, the Forbes Dinner, an
Australia Week event held in conjunction with Invest
Australia, Forbes, the Government of New South Wales and the
Government of South Australia, was hosted by Invest
Australia’s CEO Garry Draffin and focussed on “Technology
and the Global Economy – The Impact on Australia and the
Asia Pacific Region.”
Former New South Wales Premier Bob Carr gave a lecture on
the Australia-US alliance at the Australian American
Leadership Dialogue Forum, which featured the attendance of
Australia’s Treasurer, Peter Costello. The Young President’s
Organisation function, a business and educational networking
event, provided information to business people about
Australia’s sophisticated economy.
Australia’s world-class capabilities, design excellence and
innovative culture were all on show. High-profile
corporations like BHP Billiton, Fosters and News
Corporation, and celebrities such as Hugh Jackman, Mel
Gibson and Cate Blanchett drew attention to Australia Week.
The various events taking place gave small to medium
Australian businesses the opportunity to cut through the
noise of the marketplace and show Americans what they have
to offer.
Austrade Senior Trade Commissioner in Los Angeles, Kylie
Hargreaves, commented, “By highlighting the quality and
diversity of the products and services offered by Australian
businesses, G'Day LA:
Australia Week 2006 further assists these
companies to take advantage of improved access to the
world’s largest market delivered under the Australia-United
States Free Trade Agreement.”
An example of an Australian company making the most of
Australia Week was South Australian olive oil producer the
Mitolo Group, who won a contract to supply a U.S. national
supermarket chain after an appearance at last year’s
G’Day LA.
PIONEERING CANCER RESEARCHER AWARDED AUSTRALIAN OF THE YEAR
Last week Australian Prime Minister John Howard announced
Brisbane-based medical researcher Professor Ian Frazer as
Australian of the Year.
Professor Frazer, who founded the University of Queensland’s
Centre for Immunology and Cancer Research, has been
recognised for his work in studying cervical cancer and
developing a vaccine for the disease.
Based on scientists’ belief that cervical cancer could be
caused by an infection, Professor Frazer has spent the last
twenty years working to create the vaccine, which has been
shown to be effective in three international clinical
trials.
Over the next few years, he will work on improving the
vaccine for widespread use, and develop a second vaccine to
treat women that are already infected with the cancer.
Clinical trials for this therapeutic vaccine are taking
place with 240 women in Brisbane and 240 women in China.
Professor Frazer praised Australia’s support of research and
development saying, “Australia is actually fortunate in that
we have a very good system for funding medical research.”
Professor Frazer predicted that to wipe out cervical cancer,
there will be a need for additional financial support to
proliferate the vaccine in both the developed and developing
worlds. “We've got to start with a lot of education because
we've got to explain to people – the general public – to the
medical profession, and to governments… the chain of events
between virus and cancer and how the vaccine can stop this.”
Last year, Professor Frazer was awarded the CSIRO Eureka
Prize for Leadership in Science, for which he received
A$10,000 prize money.
The cervical cancer vaccine, developed by Professor Frazer
in collaboration with Australian biopharmaceuticals company
CSL Limited, is known under the brand name of GARDASIL®.
CSL Limited announced in December 2005 the drug’s submission
for regulatory approval in Australia. Once GARDASIL®
has been granted registration, the world’s first vaccine
specifically developed to prevent a cancer will be made
available to the Australian public.
2006 AUSTRALIA - JAPAN YEAR OF EXCHANGE
The 2006
Australia-Japan Year of Exchange (YOE) commemorates the 30th
anniversary of the signing of the 1976 Basic Treaty of
Friendship and Cooperation between Australia and Japan,
known as the NARA Treaty. The Year of Exchange was proposed
by the Japanese Prime Minister, Mr Koizumi, during Mr
Howard’s visit to Tokyo in July 2003, and reaffirmed during
Mr Howard’s visit to Japan in April 2005.
The aim is
to promote friendship, deeper mutual understanding and
cooperation between Australia and Japan through bilateral
exchanges, collaborative activities and events in the fields
of politics, business, the arts and culture, education,
science and technology, sport and tourism.
In
general, YOE seeks to incorporate such events, exchanges and
activities that are planned as part of existing
relationships in the above fields across private and public
sectors and at a state and local level, through official
endorsement under the one YOE banner, to create a higher
profile and awareness.
Events
will be held in both Australia and Japan. Special
commemorative events at a national level will be organised
in addition to this, which may present opportunities for
participation.
Individuals, government agencies, business, community groups
and schools can apply for endorsement of events. To be
considered for endorsement by DFAT, events must:
• take
place or culminate in Japan in 2006, or in Australia in
cooperation with Japanese partners, or to promote elements
of the Australia–Japanese relationship.
• actively
promote friendship, deeper mutual understanding and
cooperation between Australia and Japan, in the spirit of
the 1976 NARA Treaty, through -Bilateral exchanges in the
fields of politics, business, the arts and culture,
education, science and technology, sport and tourism.
-
Bilateral collaborations in these fields.
-Events or
activities that showcase Australia in these fields to a
Japanese audience.
-Strengthening existing bilateral links, for example, sister
city/sister state relationships.
For
further information, please go to www.2006yoe.dfat.gov.au/guidelines.html
or contact: Katherine Hoar at Katherine.HOAR@doir.wa.gov.au