Category Archives: Government Back

The Buy Queensland strategy breaks international trade deals

The Queensland government’s new controversial procurement strategy stacks the deck of public tenders against interstate and international suppliers, and is illegitimate under Australia’s free trade agreements. The strategy, Buy Queensland, is set to start next month. It will apply to all public agencies, statutory bodies and government-owned corporations that purchase goods and services, commission major projects and infrastructure, … Read more

Internet of Things startup Thinxtra receives $10 million investment to change the way we use data

Internet of things startup Thinxtra has raised $10 million from a government investment body, which will be used to extend the reach of its pioneering IoT network to 95% of Australia’s consumers with hopes of driving efficiency in the eHealth, smart cities, agriculture and consumer sectors. The funding comes from the Clean Energy Finance Corporation (CEFC), … Read more

Our lifestyle, not our innovation, attracts US investment to Australia

One of the biggest turnoffs for US investment and workers is also the biggest pet peeve for locals – housing affordability. Our research finds lifestyle factors are what makes Australia stand out from other international destinations. We combined 13 in-depth case studies of firms with strong ties between the United States and Australia, a survey of business … Read more

NSW Government passes legislation to allow trials of autonomous vehicles as Victoria announces CityLink trial

NSW Government has passed legislation to allow for the trial of automated vehicles on both city and regional roads across the state. The new laws will allow Roads, Maritime and Freight Minister Melinda Pavey to approve trials; applicants must have “adequate insurance provisions” and safety management plans in place. It comes as the first trial of autonomous … Read more

LaunchVic terminates deal with 500 Startups for Melbourne accelerator

LaunchVic has discontinued its relationship with US-based tech accelerator 500 Startups, following the resignation of 500 Melbourne lead Rachael Neumann. In July, LaunchVic said it would be putting the 500 Startups project on hold while it waited to see action from the accelerator to improve its culture, including 500 Startups successfully implementing a “remedial plan” to address … Read more

NO BONUSES FOR CEO IAN NAREV AND COMMBANK EXECS IN WAKE OF MONEY LAUNDERING SCANDAL

BONUSES for Commonwealth Bank CEO Ian Narev and senior executives have been cut to zero in the wake of the money laundering scandal that hit the bank last week. As the Commonwealth Bank (ASX: CBA) moves into overdrive to repair its reputational damage, company chair Catherine Livingstone said the board had full confidence in Narev. … Read more

ASF SAYS IT WAS NOT CONSULTED ON SHOCK DECISION TO SCUPPER ITS GOLD COAST CASINO PROJECT

THE company behind the planned new Gold Coast Casino and resort complex has hit out at the Queensland Government’s shock decision to terminate the contract and is looking at options to find ‘a suitable and equitable solution to the matter’. ASF, a Chinese-backed consortium which is ASX listed (ASX: AFA), has spent an estimated $30 … Read more