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Tasmanian Business Reporter September 2018

Welcome to the September edition of the Tasmanian Business Reporter. After a crazy week in Federal politics, this month you'll read about the Tasmanian Chamber of Commerce's request to new Prime Minister Scott Morrison for action on more than $133 million of promises made to Braddon in July's by-election. You'll also find details of Tasmania's construction boom, which is predicted to continue for the foreseeable future, the launch of I-PREP, a University of Tasmania program set to align businesses with talented international students and a powerful column from TCCI Chair Susan Parr reinforcing the Chamber's call for local council amalgamation.

Welcome to the September edition of the Tasmanian Business Reporter.

After a crazy week in Federal politics, this month you'll read about the Tasmanian Chamber of Commerce's request to new Prime Minister Scott Morrison for action on more than $133 million of promises made to Braddon in July's by-election.

You'll also find details of Tasmania's construction boom, which is predicted to continue for the foreseeable future, the launch of I-PREP, a University of Tasmania program set to align businesses with talented international students and a powerful column from TCCI Chair Susan Parr reinforcing the Chamber's call for local council amalgamation.

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<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - SEPTEMBER <strong>2018</strong> 7<br />

NEWS<br />

Tick for aqua feed plant<br />

BIOMAR Australia’s $56<br />

million aqua feed production<br />

facility in the state’s North<br />

West has received the final<br />

tick of approval from Latrobe<br />

Council.<br />

A 14-month construction<br />

phase will soon begin on the<br />

site of a former particle board<br />

factory at Wesley Vale, generating<br />

up to 250 contractor jobs.<br />

The world-class fish feed<br />

production facility will supply<br />

Tasmania’s growing aquaculture<br />

industry.<br />

BioMar Australia Technical<br />

Customer Account Manager<br />

Alasdair Bradley said he was<br />

delighted to receive council<br />

approval for its Development<br />

Application.<br />

“As part of the DA approval<br />

process, the Environment Protection<br />

Authority approved the<br />

Development Proposal and Environmental<br />

Management Plan,<br />

ensuring BioMar’s production<br />

facility meets all required environmental<br />

responsibilities and<br />

practices,” Mr Bradley said.<br />

Latrobe<br />

Mayor Peter<br />

Freshney,<br />

left, and<br />

BioMar<br />

Australia<br />

Technical<br />

Customer<br />

Account<br />

Manager<br />

Alasdair<br />

Bradley take<br />

a tour of the<br />

Wesley Vale<br />

site.<br />

“The DA approval is also an<br />

important marker of industry,<br />

local council and community<br />

support for our organisation’s<br />

expansion into Australia, and<br />

importantly Tasmania.”<br />

The site’s redundant facilities<br />

have been dismantled and<br />

construction of the new facility<br />

will take up to 14 month’s.<br />

“We are also currently in the<br />

process of hiring more staff to<br />

join our current team on the<br />

ground in Tasmania,” Mr Bradley<br />

said.<br />

Bank of us<br />

celebrates<br />

good growth<br />

EIGHT months after a<br />

major change of branding,<br />

Bank of us has celebrated<br />

with the official<br />

opening of the Bank of<br />

us Centre at 108 Collins<br />

Street, Hobart by Treasurer<br />

Peter Gutwein.<br />

Bank of us CEO Paul<br />

Ranson said the first<br />

eight months operation<br />

since changing from<br />

B&E had seen outstanding<br />

results.<br />

“Bank of us has recorded<br />

a 51% increase<br />

in new customers –<br />

3025 customers up from<br />

1999 in 2017,” Mr Ranson<br />

said.<br />

“We’ve exceeded expectations,<br />

with our<br />

preliminary results indicating<br />

a record lending<br />

year.<br />

“Our overall loan<br />

approvals for the year<br />

were $215 million or<br />

26% on last year, mainly<br />

due to a 15% increase<br />

in our market share of<br />

owner occupied lending<br />

in Tasmania.<br />

“Our loan portfolio<br />

has grown by 12% to<br />

$704 million, which is a<br />

significant achievement<br />

in a highly competitive<br />

and challenging environment<br />

and is double<br />

system growth of 6%<br />

(national industry average).<br />

“Within those figures,<br />

about 50% of our lending<br />

is from new customers.<br />

Typically, loan activity<br />

is generated from<br />

existing customers.”<br />

Mr Ranson said Bank<br />

of us had seen great<br />

growth statewide in<br />

products and services,<br />

with a more than 100%<br />

increase in new customers<br />

in Southern Tasmania.<br />

It is this growth that<br />

has led to the investment<br />

in naming rights<br />

of the Collins St Centre.<br />

“It’s an investment<br />

in our business, but<br />

it’s also us, as a local<br />

customer owned bank,<br />

backing Tasmania,” said<br />

Mr Ranson.<br />

“We’re building a<br />

strong presence in Hobart.<br />

From here, we will<br />

continue to provide all<br />

<strong>Tasmanian</strong>’s a better<br />

banking experience and<br />

as a customer-owned<br />

bank, that is <strong>Tasmanian</strong><br />

owned and operated,<br />

we’re in great position<br />

to be able to do that.”<br />

Top gongs to Entura<br />

Deputy Premier Jeremy Rockliff, left, with<br />

Lyndon Johnson,Donald Vaughan and Entura<br />

Managing Director Tammy Chu.<br />

TWO Entura engineers<br />

have received top accolades<br />

at the Tasmania<br />

Engineering Excellence<br />

Awards.<br />

Donald Vaughan, Principal<br />

Consultant, Electrical<br />

Primary Systems,<br />

was named Professional<br />

Engineer of the Year, and<br />

while engineer Lyndon<br />

Johnson won the Young<br />

Professional Engineer of<br />

the Year award.<br />

The specialist power<br />

and water consulting firm<br />

is committed to creating<br />

safe and sustainable power<br />

and water solutions.<br />

“Donald is an industry<br />

authority on the connection<br />

of wind and solar<br />

farms to weak grids<br />

and the power system<br />

dynamics of low-inertia<br />

networks,” said Entura<br />

Managing Director Tammy<br />

Chu,<br />

“Donald’s knowledge<br />

and experience places<br />

him at the forefront<br />

of efforts in Australia<br />

to transition to a renewables-based<br />

energy sector<br />

and we’re very proud<br />

to have him as part of<br />

our technical leadership<br />

team.<br />

“Lyndon has pioneered<br />

powerful new 3D methods<br />

for presenting and interpreting<br />

data. His work<br />

will improve engineering<br />

efficiency and accuracy,<br />

and offers safety benefits<br />

for power and water<br />

assets and for communities.”<br />

Navigate your maritime<br />

career in Sydney with AMC<br />

The Australian Maritime College (AMC) is expanding into Sydney<br />

in <strong>2018</strong>, delivering postgraduate programs and professional short<br />

courses from the Australian National Maritime Museum, in the<br />

heart of Darling Harbour.<br />

Our team of leading maritime engineering, and maritime business and international<br />

logistics academics will be delivering the following postgraduate courses in <strong>2018</strong>:<br />

• Master of Engineering (Maritime Design)<br />

• Master of <strong>Business</strong> Administration (Advanced)<br />

(Maritime & Logistics Management)<br />

AMC Search will also offer a selection of short courses throughout the year.<br />

Enquire to study in Sydney in <strong>2018</strong>.<br />

amc.edu.au/sydney<br />

Cricos Provider Code 00586B

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