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Tasmanian Business Reporter February 2017

In the February Tasmanian Business Reporter we take a look at the millennial influence on Tasmanian business, with new technology and ecommerce trends set to reshape the economy.   You’ll also find exciting news of Stornaway and TasTafe’s new youth employment initiative, along with the master plan set to transform the Burnie Town Centre and the positive outlook for Hobart’s property and retail market.

In the February Tasmanian Business Reporter we take a look at the millennial influence on Tasmanian business, with new technology and ecommerce trends set to reshape the economy.
 
You’ll also find exciting news of Stornaway and TasTafe’s new youth employment initiative, along with the master plan set to transform the Burnie Town Centre and the positive outlook for Hobart’s property and retail market.

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FEBRUARY <strong>2017</strong><br />

T A S M A N I A’ S L E A D I N G B U S I N E S S P U B L I C A T I O N . C I R C U L A T I O N 1 2 , 0 0 0 M O N T H LY<br />

$6m waste plant keeps Tassie clean and green<br />

Millennials<br />

reshaping<br />

enterprises<br />

In a positive sign for Tasmania’s economy,<br />

construction in under way of the $6m Copping C cell.<br />

Once completed in July 2018, local companies will be<br />

able to appropriately dispose of their contaminated<br />

waste, helping keep Tasmania clean and green.<br />

RISKY<br />

BUSINESS?<br />

By Stuart Roberts<br />

MILLENNIALS are set to<br />

reshape the way <strong>Tasmanian</strong><br />

small-to-medium sized enterprises<br />

operate.<br />

Equipped with the latest<br />

in e-commerce and business<br />

intelligence technology, millennials<br />

are defined as those<br />

aged in their 30s and below.<br />

They’re recognised as<br />

the largest group in the<br />

workforce, often characterised<br />

by their tendency to<br />

work smarter, not harder.<br />

For <strong>Tasmanian</strong> businesses<br />

looking to recruit millennial<br />

expertise there may be no better<br />

time than now, with recent<br />

surveys recognising the state<br />

as Australia’s most popular<br />

destination for millennials.<br />

In a survey conducted<br />

by online food and popular<br />

culture magazine The Urban<br />

List, just under 14,000<br />

respondents aged 18-34<br />

indicated Tasmania sat at<br />

the top of their travel list.<br />

With attraction growing<br />

by way of our thriving arts,<br />

dining and tourism offerings,<br />

millennials are not<br />

only visiting, they are often<br />

opting to stay, with the<br />

For ... businesses<br />

looking to recruit<br />

millennial<br />

expertise there<br />

may be no better<br />

time than now<br />

average cost of living at a<br />

fraction of our major cities.<br />

In contrast to ongoing<br />

fears surrounding the<br />

state’s ageing population,<br />

the exciting influx of youth<br />

predicted for <strong>2017</strong> has the<br />

opportunity to bring <strong>Tasmanian</strong><br />

businesses in line with<br />

business technology leaders<br />

overseas and interstate.<br />

ANZ travel and expense<br />

management technology<br />

provider, Concur, said advanced<br />

technology once<br />

reserved for large-budget<br />

companies, was now being<br />

implemented with great efficiency<br />

by millennials at a<br />

fraction of its former cost.<br />

ANZ managing director,<br />

Concur, Matt Goss urges<br />

businesses to take advantage<br />

of the opportunity.<br />

“The use of mobile expense<br />

management systems<br />

can save businesses time on<br />

administrative processes and<br />

also help reimburse employees<br />

faster, especially if they<br />

work offsite,” said Mr Goss.<br />

“Employees simply snap<br />

a photo of their receipt and<br />

submit it to a system that<br />

processes the expense claim<br />

Continued page 2<br />

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2 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - FEBRUARY <strong>2017</strong><br />

NEWS<br />

Millenials reshape the state<br />

From page 1<br />

and automatically<br />

authorises reimbursement.”<br />

Concur research<br />

shows the adoption of<br />

technology such as mobile<br />

expense management<br />

systems, is likely<br />

to be led in Tasmania<br />

by our millennial population,<br />

and will result<br />

in improved productivity<br />

for early adopters.<br />

As our younger generation<br />

would assure us,<br />

Concur also confirmed<br />

the value in maintaining<br />

a high quality online<br />

presence for business.<br />

With a staggering 97<br />

per cent of internet users<br />

researchng research<br />

prior to purchasing<br />

products and services,<br />

the importance of investing<br />

in high quality<br />

design and content<br />

cannot be understated.<br />

Mr Goss encourages<br />

businesses to listen to<br />

guidance from millennials<br />

and adopt technologies<br />

to help match<br />

the flexible working<br />

conditions they demand<br />

Burnie<br />

builds a<br />

future<br />

Burnie City Council is<br />

developing a master plan<br />

IMPROVING the liveability of<br />

Burnie is the main aim of a new<br />

master plan and investment strategy<br />

released for public comment<br />

by the Burnie City Council.<br />

The Burnie Town Centre<br />

Master Plan and the Settlement<br />

and Investment Strategy Review<br />

are key to driving the city forward,<br />

Mayor Anita Dow said.<br />

“The purpose of the Burnie<br />

Town Centre Master Plan is to<br />

deliver on the Making Burnie<br />

2030 objective to create an attractive<br />

place to live, work and<br />

play.<br />

“The Master Plan focuses on<br />

creating precincts within the<br />

CBD, delivering connectedness<br />

across the CDB and improving<br />

the liveability for Burnie through<br />

creating a vibrant CBD,” Ald<br />

Dow said.<br />

“The Settlement and Investment<br />

Strategy Review focuses on the<br />

long-term impacts of economic,<br />

demographic and housing challenges,<br />

and settlement patterns;<br />

and considers future plans for<br />

industrial activity, retail and commercial<br />

activity, tourism and hospitality,<br />

transport infrastructure<br />

and community infrastructure.”<br />

The material is available for<br />

comment via the council until<br />

<strong>February</strong>, 24.<br />

T A S M A N I A’ S L E A D I N G B U S I N E S S P U B L I C A T I O N . C I R C U L A T I O N 1 2 , 0 0 0 M O N T H LY<br />

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<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - FEBRUARY <strong>2017</strong> 3<br />

NEWS<br />

Civil construction career path<br />

Apprenticeships<br />

boost youth jobs<br />

Adrian McKenna from Ezikit, left, and Malcolm Honey from <strong>Tasmanian</strong><br />

Bakeries, right, with State Growth Minister Matthew Groom.<br />

Pilot program helps<br />

workers get job ready<br />

TWO new programs<br />

are ensuring workplaces<br />

are ready to accept<br />

new employees and that<br />

those seeking work are<br />

adequately prepared for<br />

the job.<br />

To support youth<br />

employment in the Glenorchy<br />

area, $47,000<br />

in Government funding<br />

was provided for<br />

the Glenorchy<br />

specific training<br />

and work<br />

readiness pilot<br />

program.<br />

The program<br />

was developed<br />

and delivered<br />

in partnership<br />

between the <strong>Tasmanian</strong><br />

Chamber<br />

of Commerce<br />

and Industry and the<br />

Glenorchy City Council’s<br />

Glenorchy Learn<br />

(G-LEARN) Group.<br />

Fourteen job seekers<br />

from the Glenorchy<br />

area graduated from<br />

the G-LEARN program<br />

with employer-validated<br />

work ready skills, and<br />

seven graduates have<br />

already secured ongoing<br />

employment as a result<br />

of the program.<br />

“These graduates<br />

received a combination<br />

of group workshops and<br />

personalised coaching to<br />

prepare them for work<br />

experience to demonstrate<br />

their employability.<br />

Real-time experience<br />

in the workplace with a<br />

local employer through<br />

Graduates received ...<br />

group workshops and<br />

personalised coaching<br />

a structured four-week<br />

work experience placement<br />

was used to help<br />

establish a strong foundation<br />

for workforce<br />

participation and lifelong<br />

learning,” TCCI Operations<br />

Manager Colleen<br />

Reardon said.<br />

“Employers participating<br />

in the program<br />

also received mentoring<br />

and assistance to help<br />

maximise opportunities<br />

for successful and<br />

productive employment<br />

outcomes and become<br />

worker ready employers.”<br />

Meanwhile, the Worker<br />

Ready <strong>Business</strong>es<br />

pilot program developed<br />

and tested a framework<br />

establishing what needs<br />

to be in place to<br />

endorse a business<br />

as “worker<br />

ready”.<br />

The program<br />

has prepared a<br />

number of businesses<br />

to support<br />

and build the<br />

work readiness<br />

of new employees,<br />

job seekers,<br />

work experience<br />

participants and any<br />

other individual in the<br />

workplace.<br />

The program included<br />

workshops, and customised<br />

mentoring in areas<br />

including recruitment,<br />

induction, work experience<br />

and work placement,<br />

managing performance,<br />

new employee<br />

development plans and<br />

promoting performance.<br />

WITH educational attainment<br />

rates on the<br />

North West Coast the<br />

lowest in Tasmania,<br />

Stornoway was very encouraged<br />

to see strong<br />

government and business<br />

support for the launch of<br />

a new youth employment<br />

initiative in Burnie.<br />

Stornoway has joined<br />

with TasTAFE, the Department<br />

of Education<br />

and Beacon Foundation<br />

to develop the School<br />

to Work Apprenticeship<br />

Scheme for the civil construction<br />

industry.<br />

Year 11 students undertake<br />

an apprenticeship<br />

in civil construction,<br />

spending two days<br />

a week in a workplace,<br />

gaining hands-on experience<br />

while obtaining<br />

their Year 11 and 12 <strong>Tasmanian</strong><br />

Certificate of Education.<br />

“Educational attainment<br />

rates in the North<br />

West region are the lowest<br />

in the state,” said<br />

Camille O’Meara of Stornoway and Senator<br />

Jonathon Duniam.<br />

Stornoway General Manager,<br />

<strong>Business</strong> Services<br />

and CCF board member,<br />

Camille O’Meara.<br />

“Plus, Tasmania has<br />

an ageing population,<br />

increasing unemployment<br />

generally and a significant<br />

predicted skills<br />

shortage for plant operators<br />

over the coming decade.<br />

“This is about presenting<br />

a long-term solution<br />

for our youth and our<br />

industry. It is about creating<br />

pathways for youth<br />

to gain meaningful employment,<br />

combining<br />

ongoing education with<br />

hands-on skill development,”<br />

Mrs O’Meara<br />

said.<br />

“Students who undertake<br />

these apprenticeships<br />

really do come out<br />

ahead. They get the work<br />

experience and skills, all<br />

the support they require<br />

from Stornoway, Tas-<br />

TAFE, the Beacon Foundation<br />

and the Department<br />

of Education – plus<br />

they get paid and get to<br />

complete year 11 and 12.<br />

“The investment that<br />

Stornoway is making is<br />

unprecedented.”<br />

Senator Jonathon Duniam<br />

was a key supporter<br />

of the initiative and said<br />

as a father and young<br />

<strong>Tasmanian</strong>, it was important<br />

to ensure there<br />

were as many learning<br />

opportunities and employment<br />

pathways as<br />

possible.<br />

“The schools-based<br />

apprenticeships program<br />

is a terrific way of creating<br />

those opportunities<br />

for young <strong>Tasmanian</strong>s to<br />

learn, work and then live<br />

here in Tasmania,” Senator<br />

Duniam said.<br />

“Stornoway is to be<br />

congratulated,’’ he said.<br />

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Peddling hard for profit<br />

Michael<br />

Bailey<br />

TCCI Chief Executive<br />

PUTTING <strong>Tasmanian</strong><br />

businesses on the path<br />

to profit is a great aim to<br />

take into <strong>2017</strong>.<br />

There are many suggestions<br />

I want to make<br />

to ensure we can all be<br />

successful.<br />

Firstly, there needs<br />

to be a cultural change<br />

when it comes to politicians.<br />

There seems to be a<br />

belief by some in government,<br />

and certainly many<br />

in opposition, that profit<br />

is somehow wrong.<br />

I often hear advisers<br />

saying things like “they<br />

just want to line their<br />

pockets”. Too right they<br />

do and that’s a good<br />

thing.<br />

Without successful<br />

big companies and small<br />

business, we simply<br />

won’t have the opportunity<br />

to provide greater<br />

employment opportunities<br />

for those seeking<br />

work.<br />

Government needs to<br />

understand this.<br />

And, most importantly,<br />

they need to support this<br />

by removing the inhibitors<br />

and making the path<br />

Get to know potential partners<br />

MANY businesses receive<br />

enquiries from potential<br />

customers in overseas<br />

markets they have<br />

never visited.<br />

It is always wise, before<br />

proceeding too far<br />

into a negotiation, to ensure<br />

research is undertaken<br />

to learn as much about<br />

that country and the relevant<br />

industry in that<br />

to profit easier where<br />

they can.<br />

As a state, there are a<br />

number of items that can<br />

assist business to thrive.<br />

• The first is the finalisation<br />

of the planning<br />

reforms. Ensuring every<br />

developer, business or<br />

home owner has a level<br />

playing field with clear<br />

guidelines to work from<br />

is essential.<br />

• Secondly, our state<br />

deserves the most efficient<br />

public service<br />

possible – which moves<br />

quickly and is nimble –<br />

and, heaven forbid, entrepreneurial.<br />

• We also need to ramp<br />

up the Federal-State<br />

Government agreement<br />

to abolish duplication<br />

and save billions of dollars.<br />

Micro changes to a<br />

host of outdated regulations<br />

and legislations<br />

have started and are effective<br />

but need to be<br />

continued.<br />

Nationally, there are<br />

also a few areas that<br />

need to be addressed post<br />

haste this year.<br />

• Tax reform – we need<br />

Sally<br />

Chandler<br />

Tradestart Adviser<br />

country, as possible.<br />

Simple Internet searches<br />

make this very easy.<br />

to encourage employment<br />

by reducing businesses<br />

taxes which are a<br />

block to increasing employment<br />

and training<br />

apprentices.<br />

• Industrial Relation<br />

reform to swing the IR<br />

pendulum back into the<br />

middle from the left.<br />

• And finally, leadership<br />

– such a simple<br />

concept but apparently<br />

hard to deliver if you<br />

look at the decision delays,<br />

spending scandals<br />

and overall poor performance<br />

that’s very quickly<br />

turning the Turnbull<br />

Government into a great<br />

disappointment.<br />

Before entering into<br />

any agreement with an<br />

agent, distributor or other<br />

business partner, the<br />

market should always be<br />

visited and due diligence<br />

undertaken.<br />

It is vital in these instances<br />

that the longterm<br />

partner is the right<br />

fit for your business and<br />

by meeting them in their<br />

own environment you<br />

gain an appreciation of<br />

what they have to offer<br />

and the potential for<br />

growth going forward.<br />

One of the best investments<br />

you can make<br />

is ensuring your trip is<br />

planned well and you<br />

visit all relevant companies<br />

and extended activities<br />

or infrastructure<br />

while you are in the market.<br />

I can assist with any<br />

visit, as can the Austrade<br />

office responsible for<br />

that market.<br />

In many cases, meetings<br />

will not be fully<br />

Michael Bailey in training for Tour de Cure.<br />

• • • • • • • • • •<br />

ON a completely different<br />

note, something that<br />

won’t be a disappointment<br />

will be seeing me<br />

kitted out in lycra for the<br />

Tour de Cure in March.<br />

I have been in training,<br />

enjoying Tasmania’s<br />

beautiful landscapes<br />

from my bike and can’t<br />

wait to take part in this<br />

annual cycling extravaganza,<br />

which will see me<br />

ride from Hotham to Hobart<br />

– that’s 1270km.<br />

Ouch!<br />

It’s a massive ride<br />

through Victoria’s high<br />

country and along the<br />

beautiful Mornington<br />

Peninsula before we<br />

board the Spirit of Tasmania<br />

to Devonport and<br />

then peddle the pristine<br />

East Coast of Tassie on<br />

our way to Hobart.<br />

Along the way we’ll<br />

donate $10,000 to local<br />

cancer projects in each<br />

overnight stop.<br />

To ensure the event is<br />

a success, and to help me<br />

forget about the pain I’m<br />

probably going to endure,<br />

I need your help!<br />

I’m attempting to raise<br />

$12,500 and I would love<br />

it if you could make a donation<br />

via www.tourdecure.com.au<br />

and search<br />

for Michael Bailey.<br />

conducted in the English<br />

language and having an<br />

Austrade <strong>Business</strong> Development<br />

Manager<br />

present or your own interpreter<br />

is essential unless<br />

you are fluent in the<br />

language spoken.<br />

Be mindful that in<br />

some cultures gift giving<br />

is observed and a small<br />

gift which has business<br />

significance or <strong>Tasmanian</strong><br />

significance is appreciated<br />

and is a gesture<br />

of thanks.<br />

Also be aware of the<br />

dress code for business<br />

meetings and the “do’s<br />

and don’ts” regarding<br />

business card presentation<br />

and body gestures in<br />

certain countries.<br />

It may be appropriate<br />

to claim Austrade’s<br />

Export Market Development<br />

Grant (EMDG)<br />

and you should be aware<br />

of what costs can be<br />

claimed before you travel.<br />

In all cases, a follow-up<br />

email should be<br />

sent to people met during<br />

business meetings ideally<br />

within 24 hours but<br />

maximum 48 hours, so<br />

that you are seen as interested,<br />

credible and reliable.<br />

Get to know your potential<br />

business partners<br />

and never be rushed into<br />

signing any agreement.<br />

For international<br />

trade and investment<br />

assistance<br />

contact the TCCI’s<br />

TradeStart adviser,<br />

Sally Chandler, at<br />

sally.chandler@tcci.<br />

com.au or phone<br />

1300 559 122.<br />

<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - FEBRUARY <strong>2017</strong> 5<br />

Dean<br />

Demeyer<br />

<strong>Business</strong> Broker<br />

H O T E L<br />

ENJOY THE WATERFRONT<br />

NEWS<br />

Top 10 tips<br />

for buying<br />

a business<br />

THERE is no doubt that<br />

buying an existing small<br />

business is less risky than<br />

starting one from scratch.<br />

Everything you need to<br />

make money is in place,<br />

such as equipment, inventory,<br />

a business location,<br />

employees, customers<br />

and a reputation.<br />

But there is still some<br />

risk.<br />

Here are 10 tips that<br />

can help decrease risk.<br />

1. Pre-determine<br />

the type of lifestyle and<br />

appropriate income level<br />

you want, so you don’t<br />

buy the wrong business.<br />

2. Do a Google<br />

search on the target business’<br />

reputation. Talk to<br />

as many people as possible<br />

about the business.<br />

3. Engage an experienced<br />

business advisory<br />

accountant, a<br />

commercial lawyer and<br />

a commercial finance<br />

broker before you sign<br />

an Expression of Interest<br />

to buy.<br />

4. Hire the services<br />

of an expert business<br />

broker for advice<br />

on what other similarly-priced<br />

businesses<br />

are also on the market.<br />

5. Conduct a<br />

thorough and objective<br />

due diligence of the<br />

target business before<br />

you commit to buy it.<br />

Importantly, use the<br />

business broker and/<br />

or accountant to assist<br />

you.<br />

6. Determine,<br />

with your business<br />

broker and accountant,<br />

the fair price to pay.<br />

7. Understand<br />

where you can grow the<br />

business before you buy<br />

it. Have a well thoughtout<br />

business plan for that<br />

specific business.<br />

8. Keep your<br />

emotions under control<br />

and seek independent<br />

advice from your expert<br />

support team.<br />

9. Investigate the<br />

business’ current competition<br />

and whether there<br />

are new players likely to<br />

enter the market.<br />

10. If you are still<br />

unsure, ask to work in the<br />

business prior to committing<br />

to purchase. This way<br />

you can talk directly to<br />

employees, suppliers and<br />

customers and be trained<br />

on the business processes<br />

and systems.<br />

One last piece of advice.<br />

Obtaining finance to<br />

buy a business is very difficult.<br />

Always use the services<br />

of a professional commercial<br />

finance broker who<br />

can shop around to get you<br />

the best deal.<br />

Approaching your bank<br />

directly can lead to a demoralising<br />

knock back.<br />

The finance broker can<br />

shelter you from this.<br />

Information is general<br />

in nature. You can<br />

contact Dean via<br />

dean.demeyer@finnbusinesssales.com.<br />

au or 0419382359.<br />

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6 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - FEBRUARY <strong>2017</strong><br />

THOUGHT LEADERSHIP<br />

Job creation focus of<br />

Government policies<br />

www.tcci.com.au<br />

Improvement<br />

encouraging<br />

WITH the start of another<br />

year, the Hodgman<br />

Government will again<br />

be focused on working<br />

with Tasmania’s small<br />

business community,<br />

building upon our previous<br />

work to ensure businesses<br />

are operating in<br />

the best possible environment.<br />

Our work with this<br />

important sector, which<br />

employs about 100,000<br />

<strong>Tasmanian</strong>s, is essential<br />

to grow the state’s economy<br />

and create jobs – the<br />

Hodgman Government’s<br />

number one priority.<br />

We have implemented<br />

a number of policies<br />

to assist the small business<br />

community, including<br />

streamlining building<br />

and planning regulations,<br />

Don’t fall for workplace hazards<br />

By Craig Hortle<br />

ABOUT 2000 people per<br />

year are hospitalised due<br />

to falls that occur in the<br />

workplace.<br />

Although around 17%<br />

of these occurred in the<br />

construction industry the<br />

remainder have taken<br />

place in factories, shops,<br />

cafes, hotels, schools,<br />

offices and other workplaces.<br />

Under WHS regulations<br />

34-38, to manage<br />

risk a duty holder must:<br />

• identify reasonably<br />

foreseeable hazards that<br />

could give rise to the<br />

risk;<br />

• eliminate the risk so<br />

far as is reasonably practicable;<br />

• if it is not reasonably<br />

practicable to eliminate<br />

the risk – minimise the<br />

risk so far as is reasonably<br />

practicable by implementing<br />

control measures<br />

in accordance with<br />

the hierarchy of control;<br />

and<br />

• maintain the implemented<br />

control measure<br />

so that it remains effective;<br />

and<br />

• review, and if necessary<br />

revise, risk control<br />

measures so as to maintain,<br />

so far as is reasonably<br />

practicable, a work<br />

environment that is without<br />

risks to health and<br />

The proposed CH Smith development in Launceston will benefit from<br />

the Northern Economic Stimulus package.<br />

abolishing water and<br />

sewerage headworks<br />

charges and introducing<br />

a local benefits test to<br />

make sure Government<br />

tenders go to <strong>Tasmanian</strong><br />

companies as often as<br />

possible.<br />

<strong>Business</strong> confidence,<br />

turnover and investment<br />

are rising but there is still<br />

more to be done, and we<br />

know that some parts of<br />

the state are performing<br />

better than others.<br />

That’s why we have<br />

launched a raft of initiatives<br />

to create more jobs<br />

and economic activity<br />

in the North and North<br />

West of the state, such<br />

as our Northern Economic<br />

Stimulus Package<br />

- a $100 million boost<br />

to the northern <strong>Tasmanian</strong><br />

economy. Part of<br />

the stimulus package<br />

includes $60 million<br />

to help councils in the<br />

North and North West to<br />

bring forward planned<br />

infrastructure projects<br />

that involve local contractors,<br />

workers and<br />

suppliers.<br />

We have recently announced<br />

the first round<br />

of successful projects<br />

safety. To assist in complying<br />

with this regulation<br />

the code of practice<br />

managing the risk falls at<br />

workplaces can assist.<br />

The first step in the<br />

process is identifying the<br />

fall hazards.<br />

You must identify all<br />

locations and tasks that<br />

could cause injury due to<br />

a fall.<br />

Tasks that need particular<br />

attention are those<br />

carried out:<br />

• on any structure or<br />

plant being constructed<br />

or installed, demolished<br />

or dismantled, inspected,<br />

tested, repaired or<br />

cleaned;<br />

• on a fragile surface<br />

(for example, cement<br />

sheeting roofs, rusty metal<br />

roofs, fibreglass sheeting<br />

roofs and skylights);<br />

• on a potentially unstable<br />

surface (for example,<br />

areas where there is<br />

potential for ground collapse);<br />

• using equipment to<br />

work at the elevated level<br />

(for example, when using<br />

elevating work platforms<br />

or portable ladders);<br />

• on a sloping or slippery<br />

surface where it is<br />

difficult for people to<br />

maintain their balance<br />

(for example, on glazed<br />

tiles);<br />

• near an unprotected<br />

open edge (for example,<br />

with a total value of over<br />

$40 million that will<br />

now flow to eight council<br />

areas and all the small<br />

businesses they support.<br />

The stimulus package<br />

will also see schools at<br />

St Mary’s, Devonport<br />

and Launceston upgraded,<br />

investment in bridges<br />

and roads across the<br />

North and North West,<br />

more affordable housing<br />

and new visitor infrastructure<br />

at Cradle<br />

Mountain, a major driver<br />

for tourist visitation to<br />

the region.<br />

In <strong>2017</strong> the Hodgman<br />

Government will keep<br />

listening and responding<br />

to businesses to ensure<br />

that the economic recovery<br />

we are starting to see<br />

benefits <strong>Tasmanian</strong>s in<br />

all parts of the state.<br />

near incomplete stairwells);<br />

• near a hole, shaft or<br />

pit into which a worker<br />

could fall (for example,<br />

trenches, lift shafts or<br />

service pits).<br />

In some situations, advice<br />

may be needed from<br />

technical specialists,<br />

such as structural engineers,<br />

to check the stability<br />

of structures or load<br />

bearing capacity.<br />

For more information<br />

contact Craig Hortle<br />

or Janelle<br />

Whitehouse at the<br />

TCCI on 1300 559<br />

122 or via safety@<br />

TCCI.com.au<br />

THERE are encouraging signs in Tasmania’s<br />

economy which the Government is well within<br />

its right to acknowledge.<br />

The latest CommSec State of the States<br />

Report saw us jump up to fourth on the overall<br />

rankings, from seventh.<br />

The improvement was driven by demand for<br />

housing and promising retail spending.<br />

Labor will also recognise good economic<br />

news.<br />

But we urge the Liberal Government to also<br />

address the obvious challenges facing the economy,<br />

in particular when it comes to employment.<br />

Over the past 12 months we have seen an<br />

alarming shift from full-time to part-time work.<br />

If you crunch the numbers, we have actually<br />

seen 4600 full-time jobs disappear since April<br />

last year.<br />

It’s a worrying trend and it’s one neither the<br />

Premier or Treasurer has publicly addressed.<br />

We are not saying there is an easy fix to this<br />

challenge but the first thing the Government<br />

needs to do is acknowledge the trend.<br />

The strength of our tourism and retail sectors<br />

mean part-time jobs are being created but where<br />

will new full-time positions come from?<br />

We want to see the Government making serious<br />

investments in infrastructure.<br />

Without proper investment in areas like water<br />

and sewerage we’ll hold the economy back and<br />

limit its capacity to grow.<br />

Aquaculture is one sector that has consistently<br />

created full-time employment right across the<br />

state.<br />

But we’ve seen with a sewerage contamination<br />

on the East Coast just how critical modern<br />

infrastructure is to that part of the economy.<br />

Oyster growers will be shut down for three<br />

weeks, costing them dearly and severely limiting<br />

their ability to take on new staff.<br />

The Government needs to recognise this and<br />

spend money on infrastructure now.<br />

There’s $185 million in unallocated infrastructure<br />

funding in the state budget, it should<br />

be brought forward and spent sooner rather than<br />

later.<br />

Water and sewerage upgrades are a matter for<br />

all three tiers of government, not something that<br />

only local councils and TasWater have responsibility<br />

for.<br />

Labor wants to see Tasmania’s economy<br />

thrive and more people able to support their<br />

families by finding full-time work.<br />

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<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - FEBRUARY <strong>2017</strong> 7<br />

THOUGHT LEADERSHIP<br />

www.tcci.com.au<br />

Positive light on shipping<br />

GOOD morning <strong>2017</strong>,<br />

what an excellent morning<br />

it is.<br />

Do you get the feeling<br />

that Tasmania’s cup runneth<br />

over at the moment?<br />

Summer in Tasmania<br />

is a great time with the<br />

buzz of enthusiastic visitors<br />

and <strong>Tasmanian</strong>s filling<br />

our streets in brilliant<br />

sunshine and a temperature<br />

that our interstate<br />

cousins envy (we are not<br />

talking about the other<br />

six months of the year<br />

here).<br />

It is a bit more difficult<br />

to mow lawns at the moment<br />

as the state tilts to<br />

the east with David Attenborough-worthy<br />

migration<br />

habits of resident<br />

<strong>Tasmanian</strong>s heading to<br />

Coles Bay, Bicheno and<br />

Binalong Bay.<br />

In freight terms, shippers<br />

should be buoyed<br />

by the fact that we have<br />

Brett<br />

Charlton<br />

Agility Logistics<br />

three of the largest shipping<br />

lines on the planet<br />

competing for <strong>Tasmanian</strong><br />

exports and<br />

imports, one of the largest<br />

terminal operators in<br />

the world looking to invest<br />

in our ports, our national<br />

carrier announcing<br />

direct freighter flights to<br />

China and commitment<br />

from the Bass Strait carriers<br />

to increase capacity<br />

(one new vessel already<br />

on the run).<br />

While there are still<br />

capacity challenges in<br />

some trade lanes (especially<br />

in the lead up to<br />

Chinese New Year) the<br />

servicing of domestic<br />

and international trade to<br />

and from the island has<br />

never looked more promising.<br />

I would like to draw<br />

your attention to a forum<br />

being held at the Australian<br />

Maritime College on<br />

<strong>February</strong> 15.<br />

Being opened by <strong>Tasmanian</strong><br />

Minister for Infrastructure<br />

Rene Hidding,<br />

speakers from<br />

TasPorts, Melbourne<br />

Ports, ANL Container<br />

Line, Maersk, DP World,<br />

Commonwealth Bank,<br />

Freight and Trade Alliance<br />

(FTA) and others<br />

will paint a picture of<br />

freight trends and world<br />

DP World will be addressing a freight forum at the AMC on <strong>February</strong> 15.<br />

trade environments with<br />

a <strong>Tasmanian</strong> focus – we<br />

have not had a forum<br />

like this for many years<br />

in Tasmania and the information<br />

that these key<br />

players will provide will<br />

be helpful for future<br />

... servicing<br />

of domestic<br />

and<br />

international<br />

trade to and<br />

from the<br />

island has<br />

never looked<br />

more<br />

promising.<br />

planning for traders and<br />

logistics providers.<br />

Tickets can be purchased<br />

at the FTA website<br />

(www.ftalliance.<br />

com.au) under upcoming<br />

events. I hope to see you<br />

there.<br />

Cup runneth over with holiday confusion<br />

Abbey<br />

Guilbert<br />

Workplace Relations<br />

LAUNCESTON Cup<br />

day always causes much<br />

confusion each year as to<br />

whether it is regarded as<br />

a public holiday or not.<br />

As Modern Awards<br />

do not determine public<br />

holidays, an entitlement<br />

to a public holiday is determined<br />

by the National<br />

Employment Standards<br />

and by the industrial instrument<br />

in place at an<br />

organisation such as an<br />

Enterprise Agreement.<br />

For those employers<br />

covered by a Modern<br />

Award, to determine<br />

which days are local<br />

holidays, such as Launceston<br />

Cup Day, the<br />

National Employment<br />

Standards refer to those<br />

days which are “declared<br />

or prescribed by or under<br />

a law of a State or Territory<br />

to be observed generally<br />

within the State<br />

or Territory, or a region<br />

of the State or Territory”<br />

(Section 115(b) Fair<br />

Work Act 2009)<br />

Although for the vast<br />

majority of private sector<br />

employees, Launceston<br />

Cup Day has not been a<br />

legislated entitlement in<br />

the past, much confusion<br />

existed as Launceston<br />

Cup Day was previously<br />

listed as a statutory<br />

holiday; however, with<br />

amendments to the Statutory<br />

Holidays Act 2000<br />

in Tasmania in December<br />

2010, Launceston<br />

Cup Day was removed<br />

and listed as a government<br />

holiday only.<br />

Therefore, for the<br />

majority of employees<br />

in the private sector,<br />

there is no entitlement<br />

to Launceston Cup<br />

Day, except for those<br />

employees that are<br />

covered by an Enterprise<br />

Agreement that<br />

provides for that specific<br />

entitlement.<br />

Having said this,<br />

some businesses<br />

choose to allow employees<br />

to have all<br />

or part of Launceston<br />

Cup Day off in any<br />

event and obviously<br />

this is a matter for<br />

each individual business.<br />

...for the majority<br />

of employees<br />

in the<br />

private sector,<br />

there is no<br />

entitlement to<br />

Launceston<br />

Cup Day<br />

For more information<br />

or assistance<br />

contact the<br />

TCCI on 1300 559<br />

122 or workplacerelations@tcci.<br />

com.au<br />

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8 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - DECEMBER 2016<br />

FOCUS ON BUSINESS<br />

Activity a good fit for better health<br />

By CHRIS WILLIAMS<br />

CEO St Lukes Health<br />

Improving participation<br />

in physical activity is the<br />

pathway to a healthier<br />

state<br />

IT HAS has long been established<br />

that, along with diet, physical activity<br />

is a vital ingredient in maintaining<br />

a healthy body.<br />

While some effects of regular<br />

physical activity may be obvious<br />

such as maintaining a healthy weight<br />

and body mass index (BMI), exercise<br />

also provides many, less tangible<br />

benefits.<br />

Appropriate levels of physical activity<br />

can improve mental health, assist<br />

in increasing energy levels, and<br />

allow for more restful sleep. It can<br />

also help us to set simple goals for<br />

improvement, teach communication<br />

skills and provide an outlet for stress.<br />

However a recent AusPlay report<br />

released by the Federal Government<br />

points to some disturbing facts on<br />

the decline of our Australian sporting<br />

culture.<br />

In particular, only 2 per cent of<br />

children were found to be active at<br />

least once a day outside of school<br />

hours and only 19 per cent exercised<br />

three or more times a week.<br />

Adults weren’t much better in setting<br />

an example, with only 59 per<br />

cent active three or more times a<br />

week. As a lot of us time-poor professionals<br />

are aware, only 23 per<br />

cent of adults were active at least one<br />

day per week.<br />

Tasmania now has the unwanted<br />

tag of being the fattest state in Australia.<br />

The state already has high<br />

rates of chronic health conditions<br />

yet we are in real danger of diseases<br />

such as diabetes, arthritis, osteoporosis,<br />

asthma, cancer as well as cardio<br />

and respiratory conditions becoming<br />

Score points for good health by being active.<br />

even more prevalent, brought on by<br />

our lack of physical activity.<br />

To improve the health outcomes<br />

of all <strong>Tasmanian</strong>s, we must take preventive<br />

measures such as physical<br />

activity seriously.<br />

St.LukesHealth believes it is vital<br />

we encourage children to participate<br />

in physical activity from an early<br />

age, while setting a healthy example.<br />

The report says the most common<br />

factors contributing to a lack of activity<br />

include being time poor, organised<br />

sport having a lack of volunteers<br />

and cost.<br />

It was also noted parents of children<br />

8-years to 14 years-old had a<br />

false perception that their children<br />

were too young to start participating<br />

in organised sport.<br />

We also shouldn’t restrict children<br />

into any particular activity; there are<br />

a variety of activities beyond the<br />

football codes and cricket.<br />

A sporting<br />

chance<br />

TO celebrate the opening<br />

of our new customer care<br />

centre in Kingston and to<br />

help contribute to the local<br />

community, St.LukesHealth<br />

is offering local sporting<br />

groups, clubs and individuals<br />

in the Kingborough and<br />

Huon Valley regions an opportunity<br />

to apply for grants<br />

of up to $500.<br />

These grants were designed<br />

to assist in covering<br />

registration fees, uniforms<br />

or equipment all of which<br />

allowed for improved<br />

participation.<br />

Simply contact<br />

sponsorship@stlukes.com.au<br />

for more information.<br />

Other activities include basketball,<br />

skating, golf, cycling or tennis.<br />

Some children may also extend<br />

themselves into artistic endeavours<br />

such as music, dance or acting – not<br />

strictly sporting activities, but still<br />

important in building values and<br />

teaching healthy habits. Physical<br />

activity helps children build relationships<br />

and connections into our<br />

community – making them more resilient<br />

as adults.<br />

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Courtney Osborne<br />

North & Devonport<br />

0417 563 546<br />

cosborne@stlukes.com.au<br />

Jan Hooper<br />

West Coast & Burnie<br />

0459 022 553<br />

jhooper@stlukes.com.au<br />

Alicia Frankcombe<br />

South<br />

0417 561 948<br />

afrankcombe@stlukes.com.au<br />

Rebecca Roth<br />

South<br />

0439 392 453<br />

rroth@stlukes.com.au<br />

stlukes.com.au 1300 651 988 St.LukesHealth


<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - DECEMBER 2016 9<br />

FOCUS ON BUSINESS<br />

Future in<br />

local print<br />

solutions<br />

IN A fast-paced world full of economic,<br />

social and political uncertainty,<br />

you can’t underestimate the<br />

sense of security and value of trust<br />

that comes with a locally-owned<br />

business.<br />

Foot & Playsted has been trusted<br />

by generations of businesses<br />

throughout Tasmania to deliver innovative<br />

and quality printed products.<br />

That value still drives the 33 people<br />

who make up the Foot & Playsted<br />

team today.<br />

With hundreds of years of combined<br />

experience, the printing professionals<br />

provide a service that is<br />

respected for its innovation, reliability<br />

and dedication to quality.<br />

The Foot & Playsted story started<br />

in the shadow of the great depression,<br />

in 1926, when Jack Foot<br />

and William Playsted combined<br />

their experience and craftsmanship<br />

– enabling the face of commerce in<br />

Launceston to become professionally<br />

branded through print communication.<br />

Today, the business is regularly<br />

embracing new methods to modernise<br />

and exceed customer demands.<br />

“Customer requirements have<br />

changed significantly over the journey<br />

and honestly, it is very difficult<br />

to compete against the on-line offerings<br />

from China for example,’’ general<br />

manager Tim Lack explains.<br />

“But we firmly believe in the importance<br />

of providing personal service,<br />

being able to assist customers<br />

with very intricate orders and guaranteeing<br />

our work.<br />

“The feedback we get is that our<br />

customers appreciate that we can<br />

find solutions to their problems<br />

which is a service you simply can’t<br />

provide on-line.<br />

“We are extremely responsive,<br />

which can be invaluable for a business<br />

wanting a quick turn-around on<br />

an item without jeopardising quality.”<br />

Foot & Playsted prints locally at<br />

its Charles St operation, providing<br />

services including traditional off-<br />

set printing, books, magazines, and<br />

a large range of administrative material.<br />

Last year it acquired Prestige<br />

Book Binders and is proud to offer<br />

hand-crafted sewn and bound books.<br />

The business has also invested<br />

significantly in a new digital printer,<br />

new laminator and large format<br />

printing for business signage.<br />

Its labelling work is also second<br />

to none, with major customers Lion<br />

and CUB singing Foot & Playsted’s<br />

praises with regular supplier awards.<br />

“Our digital laser printer allows<br />

four colours plus white and clear<br />

and we will soon be able to provide<br />

While many traditional businesses are shutting up shop,<br />

Foot & Playsted hopes to be around long into the future<br />

metallic and security ink,’’ Mr Lack<br />

says.<br />

“Our capacity and technology<br />

actually makes us extremely competitive<br />

– we can do large volumes<br />

quickly, with our A2 six-colour and<br />

five-colour offset printer turning<br />

around jobs very competitively.”<br />

While many traditional businesses<br />

are shutting up shop, Foot & Playsted<br />

hopes to be around long into the<br />

future.<br />

“We have many staff who have<br />

been here for 40-plus years so we are<br />

very experienced but we also firmly<br />

believe in the future of the business<br />

and supporting locals into work, so<br />

Foot & Playsted factory<br />

manager Glenn Chapman<br />

we are very proud to have the current<br />

<strong>Tasmanian</strong> Apprentice of the Year<br />

Andrew Mosely working with us.’’<br />

At the core of Foot & Playsted’s<br />

training philosophy for new employees<br />

is the importance of valuing customer<br />

relationships and respecting<br />

the <strong>Tasmanian</strong> brand.<br />

“We have very loyal customers<br />

who respect and value our mission<br />

to keep <strong>Tasmanian</strong>s employed and<br />

remain locally owned,” Mr Lack<br />

concludes.<br />

“We love dealing with people who<br />

share our value and missions and<br />

look toward to serving the community<br />

for many years to come.”<br />

more than just fine printers.


10 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - FEBRUARY <strong>2017</strong><br />

APPOINTMENTS AND ANNOUNCEMENTS<br />

SOLUTIONS<br />

IN PRINT<br />

your print specialist for over 89 years<br />

Contact us for a quote today<br />

6391 8481 sales@paperstat.com.au<br />

www.woolstonprinting.com.au<br />

Full Digital<br />

and Off-Set<br />

capabilities<br />

Fulfilment<br />

Binding<br />

Variable data<br />

printing<br />

Warehousing<br />

and distribution<br />

Inventory<br />

management<br />

solution<br />

business cards | letterheads | envelopes | presentation folders | brochures | catalogues<br />

Fine design recognised<br />

HOBART business owner<br />

Lucy Given has been<br />

named as the first Retailer<br />

of the Year winner in<br />

the Gift and Life Instyle<br />

Awards (GALA) and will<br />

go on to represent Australia<br />

in Chicago at the<br />

IHA Global Innovation<br />

Awards in March.<br />

Lucy created LUC. design<br />

in 2013, drawing on<br />

her 25 years’ experience<br />

in both commercial and<br />

residential interior design<br />

and retail.<br />

Now the design store<br />

offers those in Tasmania<br />

a go-to source for<br />

interesting, iconic and<br />

well-designed products.<br />

“Tasmania is a small<br />

state and it is always a<br />

challenge in any retail environment<br />

to be competitive<br />

and unique,” Lucy<br />

says.<br />

“It is such an honour<br />

to have achieved national<br />

Award winner Lucy Given from LUC design<br />

recognition and be able<br />

to represent Australia.”<br />

The IHA Global Innovation<br />

Awards (GIA)<br />

were created as a means<br />

of fostering innovation<br />

and excellence in housewares<br />

retailing around<br />

the word. LUC. design<br />

store will be one of the<br />

national winners nominated<br />

for the awards,<br />

judged by an internationally<br />

acclaimed<br />

panel of<br />

retail experts.<br />

LUC. design<br />

store will also<br />

be recognised<br />

among other<br />

great Australian<br />

brands and stores<br />

at the annual Gift<br />

and Life Instyle<br />

Awards night,<br />

held at the end<br />

of day one of the<br />

five-day Reed<br />

Gift Fairs Sydney<br />

event.<br />

“The GALA<br />

awards have<br />

helped my business<br />

and its<br />

growth, along with<br />

providing a platform to<br />

be able to inspire people<br />

to love great design and<br />

make beautiful homewares<br />

part of everyday<br />

life.”<br />

IN BRIEF<br />

Loan guarantee<br />

pilot scheme<br />

Henty’s new<br />

golden touch.<br />

New truck retail<br />

outlet for Tas<br />

Thinking of selling or<br />

buying a business?<br />

THE State Government will pilot<br />

a $500,000 loan guarantee<br />

scheme, initially only for businesses<br />

in the North West and<br />

West Coasts, to support business<br />

and job expansion.<br />

Guarantees of between<br />

$30,000 and $50,000 for up to<br />

five years for <strong>Tasmanian</strong>-owned<br />

businesses will be on offer in a<br />

bid to generate up to $2.5 million<br />

in local economic activity.<br />

Under this scheme, the Government<br />

will provide a guarantee<br />

to successful applicants of<br />

up to 20 per cent of the total<br />

principal required for the purchase<br />

of freehold property or<br />

plant and equipment.<br />

Applications will be open until<br />

October 31, or when the total<br />

guarantee limit is met.<br />

For more information contact<br />

<strong>Business</strong> Tasmania on 1800<br />

440 026.<br />

TASMANIA’S struggling mining<br />

sector received a boost<br />

last month with the first pour<br />

at the Henty gold mine since<br />

new owners restarted the operation.<br />

The mine near Queenstown<br />

had been in care and maintenance<br />

mode since 2015 – with<br />

150 jobs lost during the downturn.<br />

It returned to production last<br />

year when Diversified Minerals<br />

bought it and employed 120<br />

people to return it to operation.<br />

Diversified started blasting<br />

on site in the elusive hunt for<br />

gold last September and the<br />

first pour of a 300 ounce gold<br />

bar took place in January.<br />

It has been reported that<br />

the operation needs to produce<br />

1600 ounces of gold per<br />

month to remain viable.<br />

AUSTRALIAN parts retailer<br />

and distributor Truckline and<br />

Minecorp Tasmania have joined<br />

forces to open CMF Solutions<br />

retail outlets in two locations in<br />

Tasmania – Spreyton and Hobart<br />

– with the aim of providing<br />

a huge range of truck and trailer<br />

parts “straight off the shelf”<br />

for <strong>Tasmanian</strong> customers.<br />

Truckline is Australia’s largest<br />

retailer of aftermarket truck<br />

and trailer parts supporting all<br />

makes and models of North<br />

American, European and Japanese<br />

commercial vehicles.<br />

CMF Solutions, operating as<br />

a Truckline reseller, opened in<br />

Spreyton last October and in<br />

Hobart last month.<br />

CMF Solutions Director Michael<br />

Coleman said the company’s<br />

goal was to have a<br />

wide range of product on their<br />

shelves.<br />

APPOINTMENTS<br />

Australia’s largest specialist<br />

business broker network is<br />

now in Tasmania.<br />

Call Dean Demeyer on<br />

0419 382 359 for a FREE, no<br />

obligation assessment<br />

of your business.<br />

www.finnbusinesssales.com.au<br />

Steering MONA’s<br />

Macquarie vision<br />

MARY Massina has started<br />

her six-month stint as interim<br />

Chief Executive<br />

Officer<br />

of the<br />

Macquarie<br />

Point Development<br />

Corporation<br />

to help bring<br />

MONA’s<br />

futuristic<br />

vision for the<br />

prime site to<br />

life.<br />

<strong>Business</strong> Mary Massina<br />

and industry<br />

welcomed Ms Massina’s appointment<br />

after the resignation<br />

of Liz Jack from the role.<br />

Ms Massina had been the<br />

<strong>Tasmanian</strong> Director of the<br />

Property Council, and most<br />

recently the Executive Chair of<br />

the Planning Reform Taskforce.<br />

She said she was excited by<br />

the opportunity to start consolidating<br />

MONA’s $2 billion,<br />

30-year vision, which includes<br />

accommodation, exhibition<br />

space, commercial and conference<br />

areas, a <strong>Tasmanian</strong><br />

Aboriginal history centre and<br />

light rail as well as port developments.<br />

The Government will conduct<br />

an extensive nation-wide<br />

recruitment process for the<br />

permanent position in the<br />

coming months.<br />

New MyState<br />

retail head<br />

MYSTATE has created a new<br />

position of General Manager,<br />

Retail Banking Sales and<br />

Service, which will be filled<br />

by Kate Dean.<br />

Mrs Dean will be responsible<br />

for the performance of<br />

the group’s branch networks<br />

in Tasmania and central<br />

Queensland and the development<br />

of the group’s contact<br />

centre.<br />

As a<br />

member of<br />

the MyState<br />

executive<br />

team she<br />

will report<br />

to MyState<br />

Managing<br />

Director and<br />

Chief Executive<br />

Officer,<br />

Melos Sulicich.<br />

Kate Dean<br />

Mrs Dean<br />

has been Chief Sales and<br />

Marketing Officer at Tasmania-based<br />

B&E Personal<br />

Banking.<br />

Her appointment will enable<br />

Huw Bough to take up the role<br />

of General Manager, Broker,<br />

focusing on the national mortgage<br />

broker channel.


<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - FEBRUARY <strong>2017</strong> 11<br />

EVENTS NEWS<br />

EVENT:<br />

District<br />

Nurses<br />

Double<br />

Diamond<br />

Jubilee<br />

LOCATION:<br />

Wrest Point<br />

Hotel Casino<br />

DATE:<br />

December 16,<br />

2016<br />

ABOVE: Cathy Lea, left, and Diane Archer from Independent Health<br />

Care Services.<br />

ABOVE: Steve Withers from Fisheries Compliance and Jackie Withers from<br />

Independent Health Care Services.<br />

LEFT: Fabian<br />

Dixon,<br />

Sandra<br />

Dixon,<br />

Gloria<br />

Mendoza and<br />

Renae Fysh<br />

from Guardian<br />

Network.<br />

ABOVE: Pene Shashall, left, from the Department of Human<br />

Services, student Sophie Jones and Andrew Harris from TasTafe.<br />

EVENT: Launch of<br />

the TCCI's<br />

Tasmania Report.<br />

LOCATION:<br />

Country Club<br />

Launceston.<br />

DATE:<br />

December 14, 2016.<br />

The report's<br />

findings can be<br />

found on the<br />

TCCI's website and<br />

photos from the<br />

state roadshow can<br />

be viewed on the<br />

TCCI's Facebook<br />

page.<br />

ABOVE:<br />

TCCI Chief Executive Michael Bailey, left, economist and report<br />

author Saul Eslake and TCCI Deputy Chairman Paul Arnold.<br />

ABOVE: Bede Clifton of Launceston Country Club, left, Launceston<br />

Alderman Hugh McKenzie and Tourism Northern Tasmania Chief<br />

Executive Chris Griffin.<br />

R<br />

Need<br />

Staff?


<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - FEBRUARY <strong>2017</strong> 12<br />

PROPERTY MATTERS<br />

Positive vibe in retail sector<br />

Scott Newton<br />

Property Matters with<br />

Knight Frank<br />

In this month’s article, Knight Frank’s retail sales<br />

and leasing specialist Matthew Wright shares his<br />

insights into Hobart’s retail sector of the property<br />

market and his outlook for the future.<br />

THE 2015/16 financial year proved<br />

to be another strong year for the retail<br />

sector in Tasmania.<br />

Since mid 2013, retail turnover<br />

has shown consistent levels of<br />

growth.<br />

The Australian Bureau of Statistics<br />

(December 5, 2016) reported<br />

that retail sales figures were strong<br />

and reflected a 3.9 per cent increase<br />

in the last 12 months, putting retail<br />

sales above $500 million consecutively<br />

for the last six months.<br />

The <strong>Tasmanian</strong> Chamber of Commerce<br />

and Industry also reported<br />

that confidence is strong throughout<br />

the whole state, notably Launceston<br />

and the greater northern region,<br />

where businesses had reported 20<br />

to 25 per cent increases in October<br />

2016 alone.<br />

As a result of the improved confidence<br />

and spending in the retail sector,<br />

we are seeing an exciting time<br />

The Parliament Square development due for completion in 2018.<br />

for the overall retail property market<br />

throughout Tasmania.<br />

Hobart has seen significant retail<br />

revitalisation over the last five<br />

years with significant developments<br />

including the Cat & Fiddle Arcade,<br />

the Myer Icon development, and the<br />

Wellington Centre all completed.<br />

With an improvement in retail infrastructure,<br />

national brands such<br />

as Franck Provost Paris hair salon,<br />

L’Occitane, Witchery, Lululemon,<br />

Napoleon Perdis, Adairs, House,<br />

Mimco, Colette, Oxford, Bonds,<br />

Gorman, Seed, Trenery, Sportscraft,<br />

Review, Dangerfield, Nine West,<br />

Wittner, Novo Shoes, Typo, T2,<br />

Shaver Shop, Ghanda, Mr Burger,<br />

Liv-Eat, and General Pants Co have<br />

all joined the Hobart CBD.<br />

Hobart has an array of further exciting<br />

retail developments planned<br />

and under construction which will<br />

see further exciting retail offerings<br />

hit the market over the coming<br />

years.<br />

These developments include<br />

the new Parliament Square development<br />

(expected completion<br />

in 2018); the second stage of the<br />

Myer Icon development (completion<br />

late 2018); the MAC1 development<br />

(completion <strong>2017</strong>); and 40<br />

Elizabeth Street (2018).<br />

Although there have been increased<br />

numbers of retail offerings<br />

due to new and national retailers<br />

taking these spaces, we have seen<br />

retail rents across greater Hobart<br />

remain relatively constant which<br />

is a positive for our local businesses.<br />

The last 12 months have seen the<br />

largest volume of freehold retail<br />

sales transactions in recent years.<br />

This is on the back of historic<br />

low interest rates, improved confidence<br />

in the overall <strong>Tasmanian</strong><br />

economy, and a larger pool of buyers<br />

driven by interstate and international<br />

purchasers.<br />

This had led to recent sales<br />

showing strengthening yields,<br />

particularly for those in the inner<br />

CBD and other strong retailing locations<br />

and having long lease tenure<br />

to strong tenants.<br />

Yields for strip retail premises in<br />

the southern region are typically in<br />

the range of 6 to 8 per cent with the<br />

The last 12<br />

months have<br />

seen the largest<br />

volume of<br />

freehold retail<br />

sales<br />

transactions in<br />

recent years.<br />

lowest yield occurring in the CBD<br />

at 5 per cent.<br />

Strip retail locations to have<br />

transacted over the past 12 months<br />

include the Bidencopes building;<br />

the former Glasser & Parker site on<br />

Liverpool St; Freedom Furniture in<br />

Melville St; the former O’Connors<br />

shoe store in the Elizabeth Street<br />

Mall; and the former ANZ building<br />

on the corner of the Elizabeth Street<br />

Mall.<br />

There is a positive vibe in the<br />

greater Hobart area and as a number<br />

of new developments are completed<br />

over the next 12 to18 months, we<br />

expect to see the next wave of exciting<br />

retailers come to Hobart.<br />

PROPERTY VIEW<br />

FEBRUARY <strong>2017</strong><br />

<strong>Business</strong> for sale by offer<br />

SHIPWRIGHTS ARMS HOTEL<br />

29 Trumpeter Street, Battery Point<br />

• ‘Shippies’ - a Hobart institution<br />

• Historic, heritage listed hotel successfully<br />

trading since 1846<br />

• Includes public bar, lounge bar, dining room,<br />

2 function rooms, rear courtyard, 9 rooms,<br />

manager’s flat, and offsite parking<br />

• Annual revenue around $1.87 million<br />

• Great location in popular Battery Point with<br />

limited competition<br />

• Significant accommodation revenue<br />

• Operated under management - huge<br />

opportunity for a working couple<br />

John Blacklow: 0418 128 735<br />

View at KnightFrank.com.au/3405337<br />

For lease<br />

CENTRAL CBD OFFICES<br />

Level 2, 175 Collins Street, Hobart<br />

• Quality office accommodation with a large<br />

floor plate of 1,622sqm (approx) within the<br />

heart of Hobart’s office precinct<br />

• The tenancy comprises the whole of<br />

the second floor; is lift serviced; fully airconditioned;<br />

and has a good quality fit-out<br />

in situ<br />

• Can be leased as one large floor plate or<br />

alternatively, divided into smaller tenancies<br />

• Complemented by secure basement car<br />

parking with 12 bays available<br />

Richard Steedman: 0408 559 046<br />

Hayden Peck: 0412 766 395<br />

View at KnightFrank.com.au/3125730<br />

For sale by formal tender closing 16th <strong>February</strong><br />

MOTEL 429<br />

429 Sandy Bay Road, Sandy Bay<br />

• Fantastic Derwent River location opposite<br />

Wrest Point Casino and Lords Beach, and<br />

only 3km (approx) from the Hobart CBD<br />

• Includes 33 suites, 3-bedroom apartment,<br />

manager’s residence, reception and office,<br />

gymnasium and sauna, and onsite parking<br />

• All of the 4-star rooms and apartments have<br />

been substantially refurbished<br />

• Mostly operated under management - no<br />

food or beverages to worry about<br />

• Annul revenue exceeds $1.37 million - up<br />

19% from the previous year<br />

John Blacklow: 0418 128 735<br />

View at KnightFrank.com.au/3424970<br />

For lease<br />

GREAT CBD LOCATION<br />

71 Bathurst Street, Hobart<br />

Situated in the historic ‘Bridges Brothers’<br />

building, this property provides an outstanding<br />

large retail opportunity in the heart of the CBD.<br />

• 1,090sqm (approx) of retail space<br />

• Would suit large format retailer<br />

• Great window frontage to busy Bathurst St<br />

• Loads of parking available, directly opposite<br />

Vodafone head office and public parking<br />

• Disability access; car access ideal for<br />

deliveries and/or parking at the rear<br />

• Future large developments planned for<br />

surrounding areas<br />

Matthew Wright: 0458 290 588<br />

View at KnightFrank.com.au/3219862<br />

KnightFrank.com.au P: 03 6220 6999 5 Victoria Street, Hobart

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