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11/11/2022 | Public Access
Economics update | November 11, 2022
Household spending increases in September Despite rising inflation and interest rates, household spending continues to rise, up 28 per cent in the year to September. This marks the 19th consecutive monthly increases in household spending. All categories recorded an increase, led by clothing and footwear (up 73.1 per cent in the...
11/11/2022 | Public Access
Work health & safety update | November 11, 2022
Safe Work Australia’s new guide to support supervisors in small and medium businesses with return to work As an initiative under the National Return to Work Strategy 2020-2030, Safe Work Australia collaborated with the Behavioural Economics Team of the Australian Government (BETA) to create a return to work communication guide for supervisors in small and...
11/11/2022 | Public Access
Employment & skills update | November 11, 2022
University microcredentials pilot announced This week the Federal Government announced that it has begun a $18.5 million university microcredential pilot program that was previously committed to by the previous government. The program is split into two rounds with the first round of $2 million to universities to apply to develop microcredentials in partnership with industry and...
11/11/2022 | Public Access
Trade update | November 11, 2022
Australian Arbitration Week ACCI Head of Trade and International Affairs Chris Barnes joined ICC Australia’s session at Australian Arbitration Week held in Melbourne yesterday. The session was hosted by ICC Australia with a focus on “Diversity and Inclusion in Arbitration: The need for Professional, Cultural and Gender Diversity in ICC...
04/11/2022 | Public Access
Economics update | November 4, 2022
RBA increases cash rate by 25 basis points For the second consecutive month, the Reserve Bank raised the cash rate by 25 basis points. This follows 50 basis point increases in each month from June to September and takes the cash rate to 2.85 per cent. With lagging effects of...
04/11/2022 | Public Access
Trade update | November 4, 2022
ACCI supports the Indonesia Australia Business Council Conference ACCI proudly supported the Indonesia Australia Business Council Conference “Partnering for Growth: Stronger Together” in Darwin with keynote speaker, Trade Minister Don Farrell. Indonesian Chamber of Commerce Chair Rasjad Rasjid highlighted the recent resigning of the MOU between Kadin and ACCI as...
04/11/2022 | Public Access
Employment & skills update | November 4, 2022
VET funding reached $10.6 billion in 2021 The National Centre for Vocational Education Research has this week released figures showing the National investment in VET reached $10.6 billion in 2021, see here. This is an increase of 67.6 per cent since 2017, a significant investment in the VET system, however student...
04/11/2022 | Public Access
Tourism update | November 4, 2022
This week ACCI – Tourism led discussions with a number of members at a Roundtable that Minister for Trade and Tourism Don Farrell held in Adelaide. We held a meeting with interested members of the Tourism Committee beforehand to ensure consistent messaging and a coordinated approach so we could make...
28/10/2022 | Public Access
Tourism update | October 28, 2022
In this week’s Budget, the Government funded its tourism-related pre-election commitments, many of which were called for by Australian Chamber – Tourism. Most notably these included $48 million over four years to support recruitment and marketing in the tourism and travel sectors, and for infrastructure upgrades to caravan parks. Australian...
28/10/2022 | Public Access
Economics update | October 28, 2022
CPI rose 1.8 per cent for September Quarter The Consumer Price Index rose 1.8 per cent for the September quarter and 7.3 per cent in the year to September 2022. This is the second consecutive quarter with an increase of 1.8 per cent, continuing a string of exceptionally strong CPI...
28/10/2022 | Public Access
Trade update | October 28, 2022
Complete the 2022 Business at OECD (BIAC) SME and Entrepreneurship Survey Business at OECD (BIAC) is seeking input from SME members on how they are coping with energy challenges and the tools that will be needed for businesses to remain competitive. If you wish to contribute to this five minute survey, click here. This...
28/10/2022 | Public Access
Employment & skills update | October 28, 2022
Jobs and Skills Australia On Wednesday night the Jobs and Skills Australia (JSA) interim legislation passed the Senate, abolishing the National Skills Commission. There were some very late amendments to the bill, with universities now included and a requirement for a report to be tabled in Parliament annually. It is...
21/10/2022 | Public Access
Workplace relations update | October 21, 2022
Fair Work Amendment (Secure Jobs, Better Pay) Bill 2022 The Minister for Employment and Workplace Relations intends to introduce a Bill to substantially amend the Fair Work Act in the next parliamentary week, in all likelihood on Thursday 27 October. This is the first tranche of amending legislation to implement...
21/10/2022 | Public Access
Economics update | October 21, 2022
Unemployment Rate Remains at 3.5 per cent There was little change in the labour market in September, with only modest movement in the key indicators. The seasonally adjusted unemployment rate remained at 3.5 per cent, albeit with an 8,800 increase in unemployed people. Excluding a dip to 3.4 per cent in July,...
21/10/2022 | Public Access
Employment & skills update | October 21, 2022
Minister O'Connor lunch Minister for Skills and Training Brendan O'Connor was guest speaker at the American Chamber of Commerce in Australia. In Canberra on Tuesday, Mr O'Connor reiterated the need for sector reform in relation to the apprenticeship system across a range of areas such as completion rates. Mr O'Connor is also looking to see...
21/10/2022 | Public Access
Work health & safety update | October 21, 2022
Safe Work Month In the final week of Safe Work Month we are looking at the ‘Future of work and working safely.’ This is a central theme of the 23rd World Congress on Safety and Health at work hosted in Australia next year. Get involved in the lead up to the...
21/10/2022 | Public Access
Tourism update | October 21, 2022
This week ACCI – Tourism met with the office of the Minister for Trade and Tourism, Senator Don Farrell, to discuss a range of priorities for the tourism sector. These included measures to address labour and skills shortages, encouraging working holiday maker visa holders currently offshore to make the trip to Australia,...
14/10/2022 | Public Access
Work health & safety update | October 14, 2022
Rolling into Week 3 of Safe Work Month, ACCI wants you to 'know how to work safely in an emergency'. ACCI's Safe Work Month Campaign kit and collateral can be found here. The kit includes campaign key messages and links to campaign creative including posters, social media content and images, and sample...
14/10/2022 | Public Access
Workplace relations update | October 14, 2022
Respect@Work changes Last week, the Attorney-General, the Hon Mark Dreyfus, introduced the Anti-Discrimination and Human Rights Legislation Amendment (Respect at Work) Bill 2022 into the House of Representatives. The Bill seeks to implement the remaining recommendations from the Respect@Work: Sexual Harassment National Inquiry Report released by the Australian Human Rights Commission in 2020 not implemented to date. ACCI...
14/10/2022 | Public Access
Tourism update | October 14, 2022
This week we got a sneak peak of Tourism Australia’s upcoming new global campaign, Come and Say G’Day before the official launch next Wednesday, 19 October. With the latest international visitor survey results showing that the number of international visitors and related spend at 14 per cent and 22 per cent of pre-COVID...