Tasmanian Business Reporter June 2018

Welcome to the June edition of the Tasmanian Business Reporter. This month, as parliament settles in after the unexpected events of its first week, Editor Tom O'Meara takes a look into what can be expected from the upcoming State Budget, with strong development and expenditure predicted in areas of health, education and tourism. We'll also bring you the details of the $119.6 million boost for TasRail's capacity to deliver freight around the state, the $190 million hardwood mill for Hampshire in the north west and the purchase of Hobart's Midcity Hotel by the University of Tasmania.

Welcome to the June edition of the Tasmanian Business Reporter.

This month, as parliament settles in after the unexpected events of its first week, Editor Tom O'Meara takes a look into what can be expected from the upcoming State Budget, with strong development and expenditure predicted in areas of health, education and tourism.

We'll also bring you the details of the $119.6 million boost for TasRail's capacity to deliver freight around the state, the $190 million hardwood mill for Hampshire in the north west and the purchase of Hobart's Midcity Hotel by the University of Tasmania.


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JUNE 2018

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 12,000 M O N T H LY


on track

Treasurer Peter Gutwein, left, congratulates

Tasrail CEO Steven Dietrich on winning Federal

funding for upgrades.

The Federal Budget saw record

infrastructure funding flow to

Tasmania, with TasRail welcoming

new funding for rail upgrades.

Details page 3.

Budget to

boost jobs


TASMANIANS can expect this

month’s State Budget to boost

expenditure – creating development,

more jobs and a healthier


Treasurer Peter Gutwein’s fifth

budget will open further opportunities

for business to expand and

create employment, while reducing

the cost of living to assist the

many Tasmanian families battling

ever-increasing expenses.

Mr Gutwein has turned around

the Tasmanian economy by spending

less and saving more and is

now in a stronger position to grow

the economy by delivering on

election promises.

This is despite the future of GST

funding from the Federal Government

remaining – although Prime

Minister Malcom Turnbull has

personally guaranteed that Tasmanians

will not be a cent worse off

than under current funding.

Treasury will receive a hefty

windfall through a significant

increase in stamp duty returns

from record house sales and prices,

particularly in Hobart, Launceston

and Devonport.

The Budget is expected to deliver

record spending in health and

education through infrastructure

developments and 250 additional

teachers over six years, 300 nurses

and 200 doctors.

The $689 million re-development

of the Royal Hobart Hospital

continues, with completion expected

in mid-2019.

The Government will invest

$160 million to support better

health in Northern Tasmania including

development at the LGH

of a new women and children’s

precinct on top of the proposed

4K project.

The future of the $100 million

co-located private hospital to replace

the two ageing Calvary Hospital

sites is still in the hands of

Coordinator General John Perry.

However the Treasurer

and Health Minister Michael

Ferguson would be unlikely to not

support the $100m infrastructure

Continued page 2









tcci.com.au 1300 559 122

2 Tasmanian Business Reporter - JUNE 2018


Burnie celebrates big jobs boost

Hampshire wins $190m mill


HQ for




plantation-based hardwood

mill and the first

hardwood cross-laminated

production plant is set

to be built on the North

West Coast.

The Hermal Group

has announced that an

80-hectare site at Hampshire

will be the preferred

location of its $190 million

timber mill and production


The State Government

said Hermal’s focus on

opportunities in Tasmania

came after it was

forced out of Australia’s

biggest hardwood sawmill,

when the Victorian

Labor Government decided

to slash wood supply

by more than half.

“The Hodgman Government

is backing this

game-changing Hampshire

project and the

hundreds of jobs it will

provide with a $13 million

grant and training

support,” Resources

Minister Guy Barnett


A loan of up to $30

million also will be available.

“I would like to acknowledge

the work of

the Coordinator-General,

John Perry and his

team for their hard work

in helping bring Hermal

to Tasmania.”

Burnie City Council

Mayor Boyd said

the announcement was





Whiteley, left,











Barnett and



Alvwyn Boyd

at the




great news for the region.

“The project is set

to bring $190m investment,

generate more

than 200 new jobs on

completion and about

160 jobs during the construction


“We know that longterm

sustainable jobs

are critical to our future

not only in terms of direct

employment, but in

creating a great place

to live, work and play

through stronger communities,

vibrant industry

and diversity in our


Ald Boyd said council

was mindful that there

were still many steps to

go before the project became

a reality, including

the assessment of a Development


“This is a process

council must undertake

independently by considering

the application

against clear criteria.

“In this regard, council

has a responsibility to

its community to ensure

those standards and requirements

are upheld.”

THOMAS Cook Money

has established the company’s

regional Asia Pacific

headquarters in Hobart,

signalling another

boost to Tasmania’s local

employment and economy.

It will offer a range of

travel money services including

travel insurance,

foreign exchange and a

pre-paid travel card.

Managing Director

Mark Tarring said Tasmania

was chosen as its

headquarters because of

its vibrancy and rapid

growth in tourism, with

increasing visitation from

local and overseas travellers.

“We are excited to

grow the Thomas Cook

Money team in Hobart,

and we plan to increase

our recruitment of local

employees as we roll out

the new suite of travel

services and user-friendly

digital products,” Mr Tarring


e dition

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

Tasmanian Business Reporter can now be delivered directly to your inbox. With our 30,000-strong monthly print

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To confirm your copy sign up to our mailing list via


Tasmania’s business newspaper is published monthly by the

Tasmanian Chamber of Commerce and Industry. It is distributed

to businesses in Tasmania as well as key decision-makers.

Circulation: 12,000

State Budget to boost jobs

From page 1

spend, which would also

increase hospital services

in the North and North


The East Coast hospital

at St Helens will receive

funding as will the

$21 million King Island

health centre.

We can also expect allocations

for consultation

for the $20 million Penguin

District School as a

K-12 school; a $22 million

rebuild of the Sorell

School as a K-12 school

and $20 million rebuild

of Cosgrove High School

to year 12.

The booming tourism

sector will be strongly

supported with $30

million matching Federal

money for the development

of a cable way

and facilities at Cradle


Funding will be available

for the feasibility

studies for Tasmania’s

next iconic walk following

the massive response

to the Three Capes Track

for walkers from around

the world.

It’s clear there is a

market for another walk

and the Government is

putting aside $20 million

with $18.5 million available

to develop and construct

the multi-day bush


Business will continue

to be supported for

employing apprentices

and trainees via payroll

tax reduction and the extension

of Agri-growth

Loans Scheme with a

further $20 million in

low interest loans.

Other projects likely

to be funded are the

relocation of the DPIP-

WE offices and 100 staff

positions to the North

and North West and the

recruitment of Agri-

Growth Liaison Officers.

Under the Affordable

Housing Action Plan

the Government is looking

to an additional $125

million, or a $200 million

spend over 10 years,

with 2400 homes to be

made available.

The Budget is also expected

to outline a series

of cost-capping including

Hydro and TasWater

costs and many are calling

for local government

rates to be capped after

Glenorchy’s threatened

huge increase.

The Treasurer is also

adamant that Public Servants

pay increases will

be capped at 2 per cent -

which will be welcomed

by private enterprise.

Managing Editor: Tom O’Meara

0418 135 822

Editor: Becher Townshend

0418 370 661

Advertising and Special Projects

Gil Sellars 0448 901 361


Editorial & Advertising




Tasmanian Chamber of Commerce and Industry

309 Liverpool St, Hobart, TAS 7000

Ph: 6236 3600 Fax: 6231 1278 admin@tcci.com.au

TFGA House, 194-196 Cimitiere St, Launceston TAS 7250

Ph: 6331 1144 laun@tcci.com.au



Ph: 0431 241 775


Printer: Mercury

Level 1, 2 Salamanca Square, Hobart, 7000

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 12,000 M O N T H LY

Tasmanian Business Reporter - JUNE 2018 3

Hotel makeover by degrees

THE University of Tasmania

has bought the

Midcity Hotel in central

Hobart to provide additional

student accommodation.

Refurbishment planning

is under way to

ensure it can house 140

students in time for Semester

2 this year, which

starts with Orientation

Week on 9 July.

University of Tasmania

Vice-Chancellor Professor

Rufus Black said

the project would have

a significant impact on

meeting demand for student


“We are very aware of

the tightening housing

market in Hobart and the

impact this is having on

individuals, families and

the broader community,”

Professor Black said.

“That’s why we’ve

been working on innovative

projects that we can

act on quickly to address

these pressures in the

immediate term while

continuing to develop

further student housing

options in the medium


The university has significantly

increased the

number of student beds

it provides over the past

several years as student

numbers have grown,

and more accommodation

is planned.

While the refurbish-

Cat comfort earns distinction

A STUDY into reducing

the motion and improving

the ride comfort of

high-speed wave piercing

catamarans has won

a leading international

maritime research prize.

AMC School of Engineering

lecturer and

Doctor of Philosophy

(Maritime Engineering)

graduate, Dr Javad AlaviMehr,

pictured, and

his team were awarded

the Medal of Distinction

for best research paper

through the Royal Institution

of Naval Architecture.

Dr AlaviMehr investigated

the response of

a high-speed catamaran

to an active ride control

system by conducting

scale model experiments

in AMC’s towing tank,

based on a 112-metre

Incat catamaran.

“The operation of

high-speed catamarans

in large waves

can produce significant

motions that can lead

to passenger discomfort,

as well as extreme

loadings during full bow

immersion and wave

slam impact,” he said.

“These large loads

and motions can be

effectively reduced

through the implementation

of a ride control

system that can

significantly reduce the

extreme loads sustained

by the hull girder and

reduce the incidence

of motion sickness for

passengers on-board the


The findings from

Dr AlaviMehr’s work

provide an insight into

the motions control

response and form the

foundation for future

investigations exploring

optimal control algorithms.

ment of the Midcity

Hotel, on the corner of

Elizabeth and Bathurst

Streets, will deliver 140

beds, further works will

lift that number to more

Midcity Motel, left,

and University vice

Chancellor Rufus


than 170 by the start of

Semester 1, 2019.

It follows the March

announcement that it

had secured private investment

funding to underwrite

a new student

complex of about 430

beds, worth more than

$70 million, at 40 Melville

Street. Work on

this project is progressing

and is expected to be

completed in 2020.

The combined capacity

of all three new student


developments in the Hobart

CBD is about 1,040


“Tasmania is enjoying

a period of remarkable

growth,” Professor

Black said.

“That growth brings

benefits, from the economic

to the cultural, but

also challenges - challenges

that with the right

ideas and approaches, we

can overcome.

“The university will

continue to play an important

role in helping

our city grow and adapt.”



on track

for rail


TASRAIL’s capacity to

better deliver freight has

been further enhanced,

after the State and Federal

Government’s commitment

to funding Tranche

Two of the $119.6 million

Infrastructure Investment


The Federal Government

Budget confirmed

that $59.8 million under

the Tasmanian Freight

Rail Revitalisation Program

will soon flow,

matching the State Government’s

$59.8 million


TasRail Chief Executive

Officer Steven Dietrich

said it was fantastic

news for the company as

well as for existing and

new Tasmanian industry,

for local contractors and

for the wider Tasmanian


“This funding gives

certainty to our existing

highly-valued customers,

as well as the new customers

we are currently

in negotiations with, that

decades of deferred rail

infrastructure spend is

being addressed and that

TasRail will further expand

its capabilities of

providing innovative logistics

solutions,” Mr Dietrich


As at April 30, 2018,

almost $92 million of the

four-year $119.6 million

Tranche One program has

been invested by TasRail

with critical rail infrastructure

projects focusing

on bridge strengthening,

level crossing

upgrades, track works and

joint welding.

So far, 106,936 sleepers

have been replaced,

105,927 metres of rail,

113,681 metres of track

tamped, 55,471 tonnes of

ballast replaced, 3127 culverts

rehabilitated and 30

level crossing upgraded.



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4 Tasmanian Business Reporter - JUNE 2018



Time for a drug and alcohol fix



TCCI Chief Executive

IN Tasmania, many of us

know of friends or family

members who have a daily

struggle with alcohol

and drug issues.

Sadly, more Australians

are becoming addicted

and in the workplace,

this can present

serious problems.

I am not saying that it’s

all the workers’ fault …

or different workplace’s

indifference or ignoring

of a problem that exists

under their collective

noses every single day.

There are many workplaces

in Tasmania that

are alcohol and drug

“free”, where staff submit

to daily testing as part of

their employment contracts

– mines and large

industrial sites are perhaps

the best examples.

The reality is, when

staff are affected by alcohol

or drugs, their behaviour

and state of mind

and body can contribute

massively to workplace

accidents and mental

health claims.

My question is this:

inspectors are able to go

onto worksites to ensure

safety and compliance

is carried out, why can’t

they do random drug or

alcohol tests?

It’s still part of ensuring

a safe workplace.

Transport inspectors

and police can do it …

they alcohol/drug test

every day. And it’s done

so that our roads and

the drivers, cyclists and

pedestrians on them are

safe. So I can’t understand

why workplace inspectors


Sadly, I know of workplaces

which don’t want

to implement a fit for

work, drug and alcohol

policy, as they know

some their workers will

not comply.

Or some workplaces

refuse to test workers because

they know some

will fail and are concerned

about losing some of their


Some of the other excuses

I have heard or had

reported to me include:

Businesses say they

Drugs and alcohol are a known workplace hazard.

will lose up to half their

workforce if a “fit for work

policy” was adhered to;

Businesses will not

test post-accident due to

the high possibility of a

worker being under the influence;

Business only test

workers they know will

pass, so not to have to dismiss

workers in fear of not

having enough to operate.

Obviously, insurance

claims can be refused if

drugs or alcohol are involved

in a work place accident,

including workers

compensation and plant

and equipment replacement/repair


Just like “Dr Google”,

you can use the internet

for a range of suggestions

on how to pass drug tests

at work.

And we have all heard

of workers who take

someone else’s urine to

work to pass a drug test

… never mind the allegations

against professional


A South Australian

study recently revealed

that 24.2 per cent of emergency

department presentations

are caused by an

accident or incident at industrial

sites testing positive

to alcohol or drugs.

The study was conducted

over a 12 month period

(these findings do not distinguish

between medically

prescribed drugs or illicit

drug use).

And recent research has

established that 25 million

work days are lost annually

due to drinking or drug

use at a cost of more than

$680 million.

It’s estimated that alcohol

and drug use cost

Australian workplaces $6

billion dollars a year in lost


It impacts colleagues

too - 1 in 10 workers say

they have been affected by

a co-workers’ misuse of

drugs or alcohol –

• Reduced ability to carry

out tasks on their own

without assistance,

• Involvement in an accident,

• Having to work extra

hours due to someone not

coming to work or being

sent home.

The Workplace Health

& Safety Act imposes a

duty on all workers not to

recklessly endanger themselves

or others in the


Australia and Tasmania

… we have a problem.

Let’s fix it. For the health

of our workers and their

families … and the health

of our workplaces.

One workplace death is

too many … but business

and workers need to cooperate

to overcome this

insidious and semi-hidden


The TCCI has received

strong and positive reaction

to this issue from

members statewide. We

will now embark on a

series of information

sessions beginning with

Smithton in early June.

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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 12,000 M O N T H LY

Tasmanian Business Reporter - JUNE 2018 5



Shipping change is coming



Agility Logistics

I RECENTLY attended a

round table event in Burnie

held by the Department of

State Growth and Trade. The

Premier was in attendance as

well as senior members of the


The process was to discuss

with exporters what they

thought were the most pressing

issues for Tasmania for

the future for ongoing export


Indeed the round table was

labelled “Tasmanian Trade

Strategy 2018-2025” – this is

the Tasmanian Government

asking industry what it needs

to do to assist in trade growth

for the next eight years.

Attendees were asked to

consider a number of questions

– the main one being

“What is the number one issue

impacting the capacity

of your industry to grow exports?”

Pretty much everyone in

the room stated that freight

was one of their biggest challenges

(power charges and

payroll tax came in second

and third respectively).

This got me thinking. I

have been actively spruiking

the shiny world of freight in

Tasmania for some time now

(direct international callers,

upgraded capacity in new vessels,

new vessel builds, TFES

extension for export – by the

way, this has been extended

to 2022) – from my point of

view the capacity and access

story has been very good.

But the perception is otherwise

by the actual exporters

and importers in Tasmania.

Cost of freight, time to

market, international direct

ships, delays to cargoes – all

these are raised as significant

challenges to shippers (on the

North West Coast on this particular

occasion) that need to

be discussed.

Only three days earlier I

attended the Global Shippers

Forum in Melbourne where

freight and logistics specialists

from around the world

attended to listen to speakers

discuss our ever changing


New King Island service launched

KING Island’s shipping woes have

hopefully been solved with the official

launch of a new freight vessel,

named after the island’s first lighthouse


The 80-metre John Duigan will

have double the capacity of previous

ship Investigator II and can more than

The topic of automation,

security and data were mentioned

in every presentation

and you only have to look as

far as Melbourne’s VICT to

see one of the world’s most

advanced automated terminals

in action.

Change is coming. One of

the greatest changes is the

evolution of e-commerce and

the growth of this channel.

meet the current freight and livestock

demands of the Island, as well as having

capacity for future growth.

The $10 million ship will be operated

by TasPorts’ subsidiary Bass Island

Line on a weekly service departing

Geelong on Sunday, departing Grassy,

King Island on Monday and departing

Consumers are turning more

and more online to look to

cheaper and faster deliveries

of their goods – export full

container volume ex-Australia

rose 6 per cent in 2017….

airfreight rose 30 per cent.

Australia Post has its own

e-commerce stores in China

and door-to-door solutions for

exporters in Australia.

The changes are coming in

The John


that will


solve King




Bell Bay on Wednesday returning to


BIL’s intention is for Burnie to be

the dedicated port for the service in

the medium-term. The company’s

website said the timing of the move

to Burnie would be announced in due


quick and fast and we need

to keep abreast of the world

above us.

Of course it is not all without

its challenges – capacity,

security, tax collection,

bio security – all of these

come with a price tag (note

– from 01st July 2018 GST

is payable on imports under

A$1000.00. The recent budget

has a A$10.00 per container

levy for biosecurity

from July 2019.

Reminder: On July 6,

2018 the Tasmanian Logistics

Committee and Freight

Trade Alliance will be partnering

to hold the Tasmanian

Freight Forum at the

University of Tasmania. The

event was sold out last year

so please secure your spots


Strategies to maintain WHS momentum

MANY workplaces have a well

maintained WHS management

system in place. The difficulty

in ensuring the consistent use

of the system is maintaining the

momentum and enthusiasm.

How can a business continue

to have safety at the forefront of

the employees mind?

The first and most important

aspect of maintaining the profile

of workplace health and safety

is the attitude of management

toward safety.

How can managers achieve






Your local Liberal

Member for Denison

62 Main Rd, Moonah

We specialise in high quality ergonomic chairs,

alternative seating and electronic sit/stand desks.

Flair Office Furniture has been providing quality, affordable office

furniture to homes and offices throughout the Hobart region

for nearly 15 years. We’re a locally-based, family-run business

specialising in all types of products, so why not visit us today to

see our fantastic range?

Please contact me:

Phone 6234 1127

260 Argyle Street,

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p: 6212 2210

e: elise@elisearcher.com

m: PO Box 426, Moonah, 7009





• Talk about the importance

of safety at every opportunity;

• if a safety issue arises, ensure

it is dealt with appropriately

and addressed;

• ensure that safety is not

watered down or forgotten

when production demands increase;


• reward safe behaviour. • Actively engage the workers

in the preparation and the

The next issue that should

be addressed is the engagement

of the work force in the • if safety issues are identi-

implementation of the system;

implementation and the ongoing

process of working safely. • provide training to emfied,

encourage reporting;

How can this be achieved? ployees to enable competency







Authorised by Elise Archer, 62 Main Rd, Moonah, 7009

Workplace Health & Safety



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Your Partner

in Print.


Now incorporating

in safety matters; and

• ensure communication

lines are open for safety issues.

To maintain the profile of

workplace health and safety

once the system has been implemented

it is essential that

the initial motivation is not


How can this be achieved?

• have, at a minimum, weekly

tool box meetings discussing


• ensure management actively

engages in the safety


• continue to encourage the

discussion around safety related


• review the processes that

are used regularly; and

• audit the system for use.


If a workplace is able to

keep the workplace health and

safety process to the forefront

of the business, it will not only

ensure compliance to the WHS

legislation but also provide a

workplace that is committed

to ensuring the success of the


For information on how

to achieve this please

contact Craig Hortle or

Janelle Whitehouse at

the TCCI on 1300 559 122

or contact safety@TCCI.


6 Tasmanian Business Reporter - JUNE 2018


Opportunities abound

after Singapore exhibit



Tradestart Adviser


Wage growth

essential to

secure future



Shadow Minister for Economic

and Regional Development

THE four-day trade show

Food & Hotel Asia 2018

(FHA) was held in Singapore

in April.

FHA is held biennially

and draws buyers from

the South Asian region as

well as exhibitors from

many parts of the world.

This year’s event attracted

more than 55,000

visitors from more than

100 countries or regions.

A record 3,526 exhibitors

from 76 countries

and regions covered

119,500 square metres of

exhibition space across

two venues. There were

72 international group


For the first time in six

years, the trade unit at

the Department of State

Growth organised a stand

for Tasmanian exhibitors.

The stand in the Australian

pavilion. was

co-ordinated by Fransena


Nine Tasmanian companies

exhibited including

Australian Honey

Products, Juicy Isle, Hill

Farm Preserves, Tas’Mania,

Blue Hills Honey,

Woodbridge Smokehouse,

Daly Gourmet Potatoes,

Tasmanian Gourmet

Sauce Company and

Tasman Sea Salt.

I introduced Austrade

business development

managers from the nine

South Asian offices of

Singapore, Malaysia, Sri

Lanka, Thailand, Myanmar,

Indonesia, Brunei

Darussalam, Vietnam

and the Philippines to

each Tasmanian exhibitor

so that they in turn could

introduce their appropriate

visiting buyers to the

companies and the excellent

Tasmanian products

on display.

The Tasmanian products

included several varieties

of honey including

Leatherwood and

Manuka, honey mead

with Tasmanian whisky,

fruit juices, carbonated

flavoured waters, mineral

water, seeded and

paste mustards, infused

canola oils, canned abalone,

cheese, fresh apples,

smoked salmon

and smoked trout, potato

salad varieties, relishes,

jams, sauces and sea salt.

All Tasmanian exhibitors

are now busily following

up with the contacts

they made at the

trade show and early

signs of sales activity are


Exhibiting at industry-specific

trade shows

and for the more premium

products, product specific

trade shows, are an excellent

way of showcasing

our goods to international

buyers whether they be

Yeonsoon and Lindsay Bourke exhibit their honey products at Food &

Hotel Asia trade show in Singapore.

importers, distributors,

food service companies

or retailers buying direct

for brick and mortar

stores or online.

I am very happy to discuss

future trade show

opportunities with interested

product manufacturers

across all industries.

For international trade and investment assistance

contact the TCCI’s TradeStart Adviser,

Sally Chandler, at sally.chandler@tcci.com.au

or phone 1300 559 122.

IT IS an honour to take on the role of Shadow

Minister for Economic and Regional Development

as part of Labor’s new team.

I am a proud regional Tasmanian living in


My family has a long association with Tasmanian

industry, large and small, owner and


My maternal grandfather had a very successful

logging business on the East Coast of Tasmania,

and my paternal grandfather worked at

the APPM Timber mill.

In those days, Burnie was defined by the

plumes of smoke in our air and the red foam

drifting on our coastline.

Today, it is a different story.

My husband, Rory, and I are a part of that

change. We’re proud to be a very small part of

Tasmania’s agriculture industry growing blueberries

and seed potatoes near Burnie.

As Shadow Economic and Regional Development

Minister I want to be a part of those conversations

about how Tasmania is changing.

But not only that, I want to work with you to

plan effectively for the future of our state and

the needs of our people.

I believe we must have a better defined understanding

of what we want the Tasmanian

economy to look like in the future. What are the

growth industries worldwide and how can we

use our natural advantages to embrace opportunities


Tasmania’s geographical location should no

longer be a barrier to growth with new technology

making it easier to communicate and engage

with the world. But we have to be clear about

what we want for the future of our state.

One of the major concerns I have with our

economy is the extremely low average weekly

wages that Tasmanian workers are earning. Any

economic development strategy needs to take

into account the ability of Tasmanian workers

to earn a decent living from a hard days’ work.

Health cover reform needs leadership

THIS year’s Federal

Budget was eerily quiet

for the private health insurance

sector given the

amount of attention it

has had from both sides

of the political fence in

recent months.

No doubt the upcoming

federal election will

cast a spotlight on health

and the industry, with

Labor already voicing

it will cap premiums

and launch a Productivity

Commission Inquiry

into health insurance if


The Turnbull Government

has also been

busily formulating a raft

of recommendations,

which will see the introduction

of Gold, Silver,

Bronze and Basic product

categories in April


These changes centre



CEO, StLukesHealth

around being more transparent

for prospective

members to understand.

It also introduced minimum

benefits payable

for most medical devices

on the Prosthesis List,

which is expected to

save insurers more than

$1 billion between 2018

and 2021.

The need for reform

is inevitable if private

health insurance is to

survive in the future and

St.LukesHealth fully

supports this process.

But the aim of this reform

needs to be improving

the affordability of

the health system.

With the health cost

inflation continuing to

grow at 6 to 7 per cent

per annum, this puts

enormous pressure on

the private and public

systems to fund such increases

through premiums,

taxes and the Medicare


This has been acknowledged

by government

with its recent decision

to increase funding

to public hospitals by 6

per cent per annum for

the next three years.

Achieving meaningful

health cost reform

should be the top of each

political parties’ agenda,

with more than 13.5

million Australians having

some form of private

health cover, and more

than 80 per cent of this

cohort believing they receive

value for money.

Contrary to the belief

that private health insurance

is only for the

wealthy, almost half of

all people with private

The need for reform

is inevitable if

private health

insurance is to

survive in the future

health insurance have

an annual income of

$50,000 or less.

In Tasmania, just under

one in two people

take out private health

insurance, meaning that

while wages are stagnant

and cost of living pressures

continue to rise,

people are putting the

value of health insurance

above other luxuries in


Private health funds

pay for two thirds of essential

planned surgery,

most mental health ad-

missions to hospital and

40 million dental services.

In monetary terms,

private health insurance

contributes about $20

billion on behalf of insured

members to the

Australian healthcare


As a not-for-profit

health fund, the only

reason premium costs

rise is because the costs

of medical devices, hospital


fees charged by medical

specialists and providers

continues to rise.

Add to this an ageing

population that is living

longer because of medical

advances, and little

wonder why the health

system is under pressure.

This is even more of

a challenge in Tasmania

which has one of the

oldest age profiles of any

state and also one of the

highest disease.

I’m sure all Australians

would agree that

both sides of politics

need to stop politicising

the health debate as

a way of winning votes

and work on sustainable

long-term solution to

tackle the ever-increasing

cost in the health

supply chain.

We have great people

in all parts of our

health system, however

we need meaningful,

well thought-out reform

and both the private and

public sectors working

together to provide an

affordable health system

that we all can access, afford

and rely upon.

With great leadership

and a single focus, we

can do it.

Tasmanian Business Reporter - JUNE 2018 7



Unscrupulous scammers

prey on young and elderly



Minister for Resources

EVERY day mums and

dads, the elderly and

young Tasmanians are

ripped off by unscrupulous


These criminals rip

us off online, over the

telephone, on numerous

websites and even doorto-door.

National Scams

Awareness Week was

held recently to highlight

the risks associated

with scammers,

particularly those who

operate overseas and

cannot be prosecuted.

The bottom line is

that all Tasmanians

need to be aware of the

growing range of scams

perpetrated every day

of the year.

Last year, almost

33,000 reports of scams

were received by the

Australian Competition

& Consumer Commission’s


Over $4.7 million

was reported lost and

more than 2800 people

gave their personal

information to these


Don’t let this happen

to you.

Scammers may claim

to be from the Government,

or well-known

businesses and worryingly,

they may even

use threats to pressure

or scare you into giving

them money or personal


Almost 85 per cent

of reports submitted to

Scamwatch identified

that the scammer had

contacted them over the

phone. The remaining

were contacted by email.

Typical scams include

threats that you will receive

a fine, you will be

charged fees, your internet

will be disconnected,

the police or debt collectors

will be sent to your

home or even that you

will be taken to court, arrested

or deported.

Scammers may even

go so far as to impersonate

government officials

and say that you have an

outstanding tax debt or

that there are problems

with your government

benefits, immigration papers

or visa status to get

your money.

This can include pretending

to be from trusted

businesses and organisations,

including energy

or telecommunications

providers, Australia Post,

banks and law enforcement

agencies like the


These criminals may

call and ask for remote

access to your computer

to fix a problem or

they may email you fake

invoices or fines, and

threaten to cancel your

Strategy for ensuring goodwill



Business Broker

ing the interests of the

buyer and seller and

transferring some of the

risk back to the seller.

We achieved this

through an Earn Out


This is where the buyer

pays the seller some

money upfront for the

business, and then pays

the rest through instalments

based on the future

revenues of the business.

Let’s look at an example.

A business currently

turns over $1,000,000

in sales revenue and the

asking price for business

assets is $350,000, being

$100,000 for the tangible

assets (P&E and Stock)

and $250,000 for goodwill.

The buyer could offer

$100,000 for the physical

assets plus half of the

goodwill upfront.

The thinking here is it

is unlikely that half of the

customers would leave

on change of ownership

therefore 50 per cent is


That leaves $125,000

to be paid in, say, two

instalments over the

next two financial years

where the instalment

Beware of scammers on the phone.

amounts are tied into the

business achieving at

least $1,000,000 in Sales

Revenue in each of the

two years.

WITH most businesses

in Tasmania being small

(less than 10 employees)

most of the sale price

generally constitutes personal


This goodwill has been

created because the owner

has had long relationships

with all the customers.

For example, think of

a small accounting firm

where the owner deals

with all the clients and

has a strong trusted relationship

with them.

Transferring those relationships

can be difficult.

Sellers are always confident

the repeat business

will continuing after the

sale, however buyers are

focused on the risk of

customers leaving and

the goodwill they have

paid for diminishing.

The solution is alignservice

or charge you

excessive penalty fees if

you don’t pay them immediately.

If the scammer sends

an email, it is likely to

include an attachment

or a link where you can

download proof of the

“bill”, “fine” or “missed

delivery details” but

opening the attachment

or downloading the file

could infect your computer

with malware.

Sadly, older people

have been particularly

vulnerable to these scams

with people aged 65 and

over submitting the most

reports to Scamwatch in


Young people, those

from non-English speaking

backgrounds and

people experiencing financial

hardship have

also been affected.

It is incredibly important

that you protect yourself

against these scammers.

When dealing with

uninvited contacts from

government agencies or

trusted businesses always

consider the possibility

that it may be a scam.

Never give anyone remote

access to your computer

if they’ve contacted

you out of the blue, even

if they claim to be from

a well-known company

like Telstra.

Don’t be pressured by

a threatening caller. Hang

up then check whether

their story is real.

Don’t respond to

threatening emails or

voicemail messages asking

for you to call someone


Never send money or

give your bank account

details, credit card details

or other personal information

to anyone you

don’t know or trust.

Remember that a government

agency or trusted

business will NEVER

ask you to pay by unusual

methods such as gift or

store cards, iTunes cards,

wire transfers or bitcoin.

The best advice to all

Tasmanians is to “‘Stop

and check: is this for


For tips and information

about these

scams, where to

get help or to report

a scam, visit

the Scamwatch

website (www.


scamsweek2018) or

contact Consumer

Affairs and Fair

Trading Tasmania on

1300 654 499 or at



This type of strategy

aligns the parties and ensures

the seller remains a

diligent supporter of the





with care




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Workplace Relations

THERE have been a couple of tough lessons for

employers in regards to the termination of employees

in the Fair Work Commission recently

which serves as a reminder that you do need to

tread carefully.

The case of Illawarra Coal Holdings Pty Ltd

T/A South32 v Gosek [2018] FWCFB 1829 involved

a miner in NSW where he was terminated

for threatening his colleagues in abusive text

messages and phone calls.

The employee was dismissed and subsequently

brought an application with the result

being that reinstatement was ordered (although

the employee did not receive any compensation

for work lost due to the seriousness of his conduct).

In this case, the employee argued that when

he sent the abusive text messages and made the

phone calls there were a range of mitigating

factors including that he was intoxicated when

they were made, he apologised the next day and

he was also being treated for severe depression

at the time.

The full decision can be found here: www.


In another case, an employee resigned from

their employment only to lodge an unfair dismissal

claim and be awarded $19,206.72 plus

9.5% superannuation.

In the case of Jennifer Diaz v The Trustee for

Sol Degendendorfer Family trust T/A Solene

Paris (U2017/3689) the employee tendered a

letter of resignation only for the employer to

then send her a letter of termination of employment

due to a backdated medical certificate.

In this case, the termination was found to

be harsh, unjust and unreasonable and that because

the employer issued a letter of termination

it meant that rather than it being a case of

resignation; the employer had refused to accept

the resignation and had in fact dismissed her.

The full decision can be found here: www.


If you are unsure about warnings or

termination, or any issues in relation to

the performance management process

or employment matters generally

please contact TCCI by contacting the

Helpline on 1300 765 123 or the TCCI

on 1300 59 122 or workplacerelations@


Phone 6234 1127

260 Argyle Street,

North Hobart

8 Tasmanian Business Reporter - JUNE 2018


Seeking balance

What boards

really want

Leaders present work



IN spite of the fact that frequently

shareholders or

members ultimately elect the

board, in most organisations

today the board itself will

usually take a leading role in

the process of director recruitment.

This might comprise the

board undertaking an extensive

search and selection process

for new directors, even if

it has to put their recommendations

to the members or the

shareholders for an election.

Today’s boards are becoming

increasingly sophisticated

in the way that they identify

gaps in their capability and

seek to fill those gaps. The

starting point for many boards

is an explicit board succession

policy and/or plan.

The importance to the

board of getting the “right fit”

with each appointment should

not be underestimated.

Boards have a social fabric

that depends on much more

than purely a skills fit. It depends

on goodwill among

directors and the ability to

“disagree without being disagreeable”,

working in a constructively

challenging way

without destroying relationships.

Group dynamics can make

or break the effectiveness of

a board.

Achieving a balanced board

therefore usually comes down

to four main components:

1. Skills - what hard skills

and qualifications do we need

among our directors?

2. Experience - what practical

experience do we need

among our directors in terms

of a track record in relevant


3. Demographics - what

sort of balance of age, geography,

gender, ethnicity, culture,

faith, and other demographic

attributes do we want in order

to bring a sufficient diversity

of views and styles of thinking?

4. Personal or behavioural

attributes - what type of behaviours—commitment,


strategic thinking,

integrity, and team player

ability—do we want among

our directors?)

These four components

should be reflected in the

board’s approved “skills matrix”

or “board composition

matrix”, reflecting the fact

that what boards seek is much

more than hard skills and


As a starting point, if you

do not have a working understanding

of the fundamental

difference between “governing”

and “managing”, you are

too early in your quest. If so,

your focus at this point needs

to be to make sure you acquire

the knowledge you need.

This is an edited extract

from Developing Your

Director Career available

for $55 in the Australian

Institute of Company Directors

bookstore www.



Graduates Geraldine Hayes, left, Mark Wild, Marie Bennett, Jason Licht, Megan

Rozynski and Lucy Blake.

GRADUATES of the 2017

Tasmanian Leaders Program

have presented their projects

to a collection of Tasmanian

leaders’ alumni, friends, family

and community leaders.

The project presentations

event allows the most recent

graduates an opportunity to

share the outcomes of their

community projects undertaken

as part of their program experience.

Now in its 12th year, the

program provides aspiring

Tasmanian leaders with a fresh

outlook to confidently work

and communicate with others

and achieve more in both

their personal and professional


A key component of the

Tasmanian Leaders Program

is the undertaking of a project

by each of the participants

in small syndicate groups.

Projects benefit the Tasmanian

community, and are “big

enough to do, small enough to


“Participants have the opportunity

to apply their skills

and knowledge,” General

Manager Angela Driver said.

The four projects presented

were; Championing Gender

Equity through Education in

the Tasmanian School Curriculum,

Impact100 Support,

S.E.A.T. (Sit, Engage, Appreciate,

Talk) and Community

Energy Efficiency Project.

The Tasmanian Leaders

Program identifies, promotes

and develops aspiring business

and community leaders, creating

significant future benefits

for both them and Tasmania.

Each year, a new group of

participants with one thing

in common – high leadership

potential – is selected from

diverse backgrounds, to come

together regularly over a year

to learn and cultivate a range

of specific competencies crucial

to leaders.



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Tasmanian Business Reporter - JUNE 2018 9


Archival accreditation approval for Acrodata

Records enter digital age

ACRODATA, along with its

parent company Fuji Xerox

Tasmania, is excited to announce

its Mornington facility

has been awarded TAHO

accreditation by the State

Archivist and certified as an

Approved Secondary Storage

Provider (ASSP) for State records.

The purpose-built facility

undertook the high security

scanning and data capture required

as part of the Federal

Election for the Federal Government.

What this means is that

Tasmanian Government

Agencies, as well as private

businesses, now have access

to local, secure data capture

and storage facilities which

operate to the highest security

and data protection measures

available, and Acrodata

is increasing it’s workforce to

keep up with demand.

Acrodata has been engaged

to deliver a number of digitisation

projects for Land Tasmania,

including the digitisation

of 1.5 million records in

the Registry of Deeds.

The records contained in

the Registry of Deeds are

a live register that require

searching when purchasing

land which is under the general

law land system.

The Registry of Deeds is

used by conveyancers and solicitors

as well as the general

public and Land Tasmania

staff on a daily basis.

The records are also of

significant historical value,

with some dating back to the


Information and Program

Manager of this Lands Titles

Project, Anita Yan, said:

“Timely access to our records

during the digitisation period

was our greatest concern at

the commencement of these


“Acrodata’s retrieval service

has been exemplary. The

level of service has exceeded

well beyond agreement and

expectations, and has enabled

Land Tasmania to continue to

service our clients effectively.

“We have truly appreciated

Acrodata’s responsiveness

and understanding of our

business needs.”

Acrodata’s Business Development

Manager Phill Dance

said: “We are extremely proud

of our achievements to bring

this facility to the standard of

TAHO accreditation and to be

able to offer the standard of

service we are.”

The Mornington archive is

state-of-the-art and offers the

archival storage market:

• individual, secure client


• terminal digit filing alternate

to just box storage; and

• scan on demand to lower

return costs of a file.”

Director of Fuji Xerox

Acrodata’s Mornigton archive offers state-of-the-art secure storage for clients.

Business Centre Tasmania,

Keirran Downham, said:

“Having Acrodata as part of

the suite of services provided

by Fuji Xerox Business Centre

Tasmania means we can

now assist businesses with

their current, future and historical

print and data needs.

“We are helping preserve

the history of this state while

offering employment opportunities

to more than 63 Tasmanians

and that’s only increasing.”

Now operating far beyond

the small store selling photocopiers,

Fuji Xerox services

the whole of the state for

printing, photocopiers, printers

and multifunction devices,

and now archive and digitising


This combination positions

them as the perfect partner

when it comes to your document

management requirements.

The Print Division, servicing

statewide with outlets

in Hobart and Launceston,

has the capability to design,

print and compile all manner

of promotional and business


It can accommodate small

or large print runs for reports,

publications, brochures and

the like.

Services such as business

card printing, pull-up banners,

small photocopying or

scanning jobs can usually be

done with a very quick turnaround.

Fuji Xerox printers, photocopiers

and multifunction devices

are still the most trusted

brand on the market.

With performance and capabilities

that can actually save

your business time and money,

a Fuji Xerox machine should

be your first option when looking

at in-house printing needs.

Training, support, servicing

and consumables are all managed

right here in Tasmania

when you need it.

Yet it’s not just about what

Fuji Xerox can offer and do

for your business, it’s also

about what they stand for - as

the only private White Ribbon

Accredited Workplace in

Tasmania, Fuji Xerox Business

Centre Tasmania, The

Print Division and Acrodata

all strive for positive social

change, inclusive workplaces

and safe employment opportunities.

10 Tasmanian Business Reporter - JUNE 2018



Dean of Law comes home to UTAS

ONE of the world’s

foremost experts in

international humanitarian

law has returned

home to Tasmania to

take up the position

of Dean of Law at the

University of Tasmania.

Following an international

search, the

University’s Faculty of

Law welcomed Professor

Tim McCormack

to the prestigious role,

succeeding the strong

leadership of Professor

Margaret Otlowski.

Professor McCormack,

who grew up in

Burnie and completed

school in the state’s

north before studying

at the University’s

Law Faculty in Hobart,

says that Tasmania has

always been held ‘in his


“I’m excited about

returning home and

coming to a law school

that has always had a

very strong commitment

to excellence in

teaching,” Professor

McCormack said.

“Being the only law

Veteran Taylor new Bell Bay boss

KEVIN Taylor has

been appointed as Bell

Bay Aluminium’s next

General Manager.

Mr Taylor has close

to 30 years’ experience

in the aluminium business

with Rio Tinto and

the Pacific Aluminium

group, forging a career

that started in 1990 as a

Crew Leader in Carbon

at New Zealand’s Aluminium


He has held a variety

of operational roles

including Health, Safety

and Environment

Manager at Bell Bay

Aluminium and Site

Operations Manager at

Boyne Smelters Limited

in Queensland.

Most recently Kevin

was General Manager,

Health Safety and

Award-winning engineer joins Novaris


lightning and surge protection


Novaris, has appointed

Robert Jordan as Principal


Mr Jordan is a career

electrical and electronic

engineer who has

specialised in railway

systems during his 35

year career and is a full

member of the Institute

of Railway Signalling


He has worked with

many of the leading

railway engineering

companies during

school in Tasmania

brings with it privileges

and obligations, something

previous Deans

have always understood.

“We have an obligation

to train our graduates,

not just to tick boxes

for qualification to admission

to practice, but

to understand the role

of law in our society, to

understand that law is

not an end in itself, it’s

a means to achieving a

fairer society.”

Professor McCormack’s


career includes being

a Special Adviser on

International Humanitarian

Law to the Prosecutor

of the International

Criminal Court

in The Hague, an

honorary Professorial

Fellow at Melbourne

Law School, inaugural

DFAT Visiting Legal

Fellow, New Zealand

Law Foundation

Distinguished Visiting

Fellow and a Director

of World Vision Australia.

Environment for Rio

Tinto’s Pacific Operations.

Chief Operating Officer

of Pacific Aluminium

Brian Cooper said:

“Kevin’s safety leadership,

business acumen

and people development

skills make him

an ideal fit for the role

His operational

experience across Pacific

Aluminium sites in

Australia and New Zealand

is second to none.

We look forward to

Kevin bringing the best

of what he’s experienced

across the Pacific

Aluminium business

to build on the great

work of former General

Manager, Ray Mostogl

and the team at Bell


his career including,

Westinghouse Brake

and Signal Co, GEC

General Signal, Alstom,

Halcrow, United Group

Limited, Invensys Rail,

and most recently Siemens.

He has specialised

in railway signalling

systems, traction power

systems and rollingstock

and has been

involved in the development

of a number

of new product lines,

including specialised

surge protection units

for computer based interlockings,

axle counters

and track circuits.

In 1998, he was

awarded the Railway

Engineering Award by

Engineers Australia for

the development of a

range of fail-safe surge

protection modules for

the British SSI computer-based


system which have subsequently

been widely

deployed in Australia

and Asia.

He has most recently

been involved in Asia

with the latest GoA4

driverless CBTC systems

and the platform

screen doors and secure

radio systems that they

require to operate reliably.

Mr Jordan will be

leading the Novaris

engineering department

in the development of

new products as well as

supporting the manufacturing

plants and

sales teams.

Novaris currently

employs 65 staff across

their Kingston head office,

R&D, testing and

Malaysian manufacturing



Wind farm start

CONSTRUCTION will soon start on the $300 million

Cattle Hill Wind Farm, near Lake Echo in the Central


Developer Goldwind has announced the signing of

an agreement with Hazel Brothers, after the Tasmanian

company recently completed site access works.

The agreement allows Hazell Brothers to begin early

works for the project and acknowledges them as

the preferred contractor for the full civil and electrical

works for the wind farm.

The project will provide up to 150 jobs for local

Tasmanians, and once the wind farm goes live at the

end of 2019 will provide a further 10 long-term operations


The Cattle Hill Wind Farm will add another 148

megawatts to the Tasmanian electricity system, and

increases Tasmania’s wind generation by nearly half.

Wetland waste

SOUTHERN Waste Solutions will build a wetland

leachate treatment system in line with environmental

world’s best practice standards at their Copping Regional

Landfill Facility.

The system, to be designed and implemented by

Syrinx Environmental, will use natural wetland vegetation

processes to assist in treating wastewater from

the Copping B-Cell without the need for external energy

or chemicals.

Speakers on show

A SHOWCASE featuring inspiring, innovative and

motivating speakers will be held on Wednesday, June

13 at Wrest Point.

Presentations will be given by Australia’s greatest

ever female cyclist, Anna Meares, Steve Sammartino,

David Bartlett, Robyn Moore and Peter Rowsthorn.

Ms Meares, will share her journey of persistence

and pain to become the first Australian athlete to win

medals at four successive Olympic Games.

The event runs from 8am to 10:30am and tickets are

$20, including a networking breakfast.

To register, 03 9529 3711, email tasmania@icmi.

com.au or visit the website, www.icmi.com.au

Ferry finance

A NEW Derwent River ferry service between Bellerive

and Sullivans Cove is a step closer with a $2 million

Government contribution.

The Government tabled a Bill to amend the Metro

Tasmania Act 1997 to enable the state-owned company

to operate river ferries as part of the public transport


Port-side infrastructure for the service will be provided

by TasPorts, with two new ferry terminals to be

established on both the Western and Eastern Shores.

Further public ferry infrastructure will be considered

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4/04/2017 1:15:49 PM

Tasmanian Business Reporter - JUNE 2018 11


ABOVE: James Cartwright of the Tasmanian

Audit Office, left, and Stephen Walker, CA ANZ.

ABOVE: Rob McDonald of CA ANZ, left, with

Marcus Johnson of Lorkin Delpero Harris and

Penny Stragalinos of CA ANZ.

ABOVE: Andrew Quinlan of CA ANZ, left, with

Rebecca Williams of Anglicare Tasmania and

Colin Stewart CA ANZ member.

What: CA ANZ (Chartered Accountants

Australia and New Zealand) Board and

Member Cocktail function

Where: Henry Jones Art Hotel, Hobart

When: Thursday, 17 May 2018

ABOVE: Seshani Bala of CA ANZ, left,

and Olivia Price of John N Williams.

ABOVE: John Palermo of CA ANZ, left, with David

Berechree of Hydro Tasmania and Jane Botica of

Federal Group.




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ABOVE: Ginna

Webster of


Leaders, left, with

Benita Fordham of

Vantage Group and

Kate O’Shannessey

of TasmaNet.

What: Tasmanian Leaders TLP11

2017 Project Presentations

Where: putalina Oyster Cove

Training Room – Parliament

Square, Hobart

When: Thursday, 17 May 2018



Durrani of


left, with

Anne Carey

of TasNetworks



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Tasmanian Business Reporter - JUNE 2018 12

Office property heads north

Scott Newton

Property Matters with

Knight Frank

Rob Dixon, Knight Frank Tasmania’s

Director of Commercial Sales and Leasing

(North), shares his insights into the

Northern Tasmanian commercial market in

this month’s article.

SET to benefit from growing

tourist demand, Northern

Tasmania will continue

to grow in economic importance.

The region’s strategic position

and ease of access via

transport links makes it a logical

choice for further investment.

Situated within a two-hour

drive from Hobart, Northern

Tasmania is a growing

economic hub and service

centre centred around the

main administrative towns of

Launceston, Devonport and


Home to some of Tasmania’s

key tourism assets including

the Tamar River wineries,

mountain bike trails

and the Queen Victoria Museum

& Art Gallery, Northern

Tasmania has emerged as a

tourist centre in its own right,

attracting visitors from both

domestic and international


Serviced by rail, port and

airport infrastructure, which

provides direct access to the

mainland cities of Sydney

and Melbourne among others,

Northern Tasmania is becoming

an increasingly preferred

location for agriculture, specialised

industry and knowledge-based


Home to almost 230,000

residents, the area provides

a sufficiently large market to

support a range of business

enterprises that would otherwise

be expected to operate

from Hobart.

Even in the face of global

uncertainty, the Northern

Demand for quality office buildings in Launceston has increased in the last two


Tasmanian economy has enjoyed

modest growth with its

performance supported by increased

industry diversity and

solid growth in tourist visitation.

As at June 2016 (latest

available data), Northern Tasmania’s

economy measured

$10.49 billion, up 1.6% per

annum over the past three


In addition to tourist provisions,

Northern Tasmania

offers a wide variety of other

key services that help support

the local economy. Notably,

this includes educational and

research facilities as part of

the University of Tasmania

campus in Launceston, which

houses some 5000 full- time

students, medical and retail

services, as well as the more

traditional industries of manufacturing

and agriculture.

In the office market sector,

the number of office-based

businesses in the Launceston

CBD has increased 4.6% over

the past two years, highlighting

increased demand for office


It has been this growth that

has led to improving fundamentals

in the office market

as additional businesses require


Similar to other non-metro

markets nationally, investor

demand for quality office

assets in Launceston has

increased over the past two

years, albeit with sales volumes

restricted by a lack of

assets of this type for sale.

A recent office sale in

Launceston was the February

2017 sale of Holyman House

(52 Brisbane St) for $3 million,

which reflects an initial

yield of 7.9%; and the City

Block building for $2.1 million

in July 2017 on an initial

yield of 9.05%

For retail assets, average

retail core market yields in

Launceston have firmed by

an estimated 20 basis points

over the past year and currently

range from 6.5% to

7.0% for prime grade stock.

Retail assets with a secure

tenant and strong leasing

covenants would trade firmer

with these metrics.

Given Northern Tasmania’s

strategic location as a major

service and tourist centre

within Tasmania, there exists

many opportunities for additional

business investment.

Further investment is already

happening in the area,

underpinned by the recent approval

for a new UTAS campus

within the Launceston

and Burnie city centre and

the Launceston City Heart

and Devonport Living City



JUNE 2018


Outline indicative only

Outline indicative only

Outline indicative only

For sale by expressions of interest


54-60 Victoria Street, Hobart

A fantastic passive investment, this strategically

located CBD office building is fully leased to

longstanding state government and national

tenants, has excellent parking and large floor plates.

• Car spaces: 44 (approx)

• WALE: 2.5 years (approx)

• Building NLA: 2,424sqm*; Land area: 1,606sqm*

• Zoned: Central Business

• Current Net Income: $569,505 (approx)

• NABERS: 3.5 stars

• Large central CBD site with potential for great

future building height (STCA) (*approx)

Richard Steedman 0408 559 046

Hayden Peck 0412 766 395

View at KnightFrank.com.au/4261479



553-559 Pass Road, Mornington

• Situated within the developing residential area

of Mornington/Cambridge approximately 8 km

east of Hobart’s CBD with easy access to the

Tasman Highway

• Land area of 8.7ha* over two titles with

extensive road frontages

• Gentle sloping land with cleared areas and

pleasant outlook

• Currently zoned ‘Rural Living’

Richard Steedman 0408 559 046

Scott Newton 0409 186 261

View at KnightFrank.com.au/4153002


Outline indicative only

For sale by offer


5/40 Patriarch Drive, Huntingfield

• Modern tilt-up concrete panel construction

circa 2013

• Gross building area of 150sqm*

• Workshop area of 120sqm*

• Well appointed offices and amenities of

70sqm* over two levels

• Mezzanine storage and common area

storage/car parking; two marked car parks

• Flexible occupancy options offered - short

term leaseback proposed

• Opportunities in Huntingfield are rare to the

market – enquire today!


Ian Reed 0419 670 501

View at KnightFrank.com.au/4251828

For sale by expressions of interest


11 McRorie Court, Cambridge

Knight Frank, on behalf of Southland Stokers

Pty Ltd as mortgagee in possession are pleased

to offer this expansive land parcel in the rapidly

expanding area of Cambridge.

• Expansive 5,904sqm* land size

• Zoned ‘Commercial’ and surrounded by

newer built workshops and businesses.

• Good exposure to Tasman Hwy and McRorie Ct

• 15 minutes to CBD and 5 minutes to Hobart

International Airport

• Easy access from Kennedy Drive

• Multiple services to the site (*approx)

Ian Reed 0419 670 501

View at KnightFrank.com.au/4251978

5 Victoria Street, Hobart 41 York Street, Launceston Shop 8, 48-54 Oldaker Street, Devonport

P: 03 6220 6999 P: 03 6333 7888 P: 03 6424 3568

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