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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

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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