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Tasmanian Business Reporter November 2018

Welcome to the November edition of the Tasmanian Business Reporter. In this month's edition you'll read about the new vision for Macquarie Point, which TCCI CEO Michael Bailey believes is a once-in-a-generation opportunity for Tasmania if planned correctly and underpinned by residential development. You will also find details about a new Hobart fashion festival and strong profits from Tasmania’s two financial institutions, as well as some poignant HR tips for employers about how to handle the upcoming 'silly season' from TCCI Workplace Relations Consultant Abbey George.

Welcome to the November edition of the Tasmanian Business Reporter.

In this month's edition you'll read about the new vision for Macquarie Point, which TCCI CEO Michael Bailey believes is a once-in-a-generation opportunity for Tasmania if planned correctly and underpinned by residential development.

You will also find details about a new Hobart fashion festival and strong profits from Tasmania’s two financial institutions, as well as some poignant HR tips for employers about how to handle the upcoming 'silly season' from TCCI Workplace Relations Consultant Abbey George.

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4 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - NOVEMBER <strong>2018</strong><br />

THOUGHT LEADERSHIP<br />

North West Coast<br />

underpins economy<br />

Paul<br />

Arnold<br />

TCCI Vice Chairman<br />

THE <strong>Tasmanian</strong> Economy<br />

has enjoyed a sustained<br />

period of positivity.<br />

The North-West economy<br />

has suffered its fair<br />

share of knocks over the<br />

past decade but continues<br />

to show its amazing resilience.<br />

International commodity<br />

pricing has taken its<br />

toll on mining and agricultural<br />

returns over the<br />

past decade, but as we<br />

head for 2019, we are<br />

again on the cusp of very<br />

bright economic times.<br />

Our significant competitive<br />

advantages include:<br />

• quality of the minerals<br />

in our ground;<br />

• quality of our food<br />

production systems, particularly<br />

our rich soils;<br />

• our depth of industry<br />

sectors, from aquaculture,<br />

forestry, tourism,<br />

cropping, beef and dairy;<br />

• the innovation of our<br />

advanced manufacturing<br />

sector; and<br />

• the strength of our<br />

communities and their<br />

resultant workforce –<br />

and the list goes on.<br />

The North West does<br />

some heavy lifting for<br />

our State Domestic Product,<br />

as most of our contribution<br />

comes from primary<br />

industry.<br />

It has often been said<br />

that if we cut off the<br />

North West 64 telephone<br />

district, the rest of Tasmania’s<br />

living standards<br />

would drop sharply.<br />

Most of our sectors<br />

abound with confidence<br />

and the future is very<br />

bright indeed.<br />

Each area that we<br />

think about, from mining<br />

start-ups or re-starts,<br />

manufacturing, dairying,<br />

beef, cropping, aquaculture,<br />

tourism, and wind<br />

farms, all share one thing<br />

in common – the need for<br />

a more available and engaged<br />

workforce.<br />

Every sector will be<br />

crying out for hundreds<br />

of new employees in<br />

just a few short years,<br />

and our biggest threat<br />

is that we are ill prepared<br />

for what is coming.<br />

Our population will<br />

prove inadequate for the<br />

jobs that are available,<br />

our people will be insufficiently<br />

trained for the<br />

plethora of jobs coming,<br />

and our towns will not<br />

have sufficient housing<br />

for what is on the horizon.<br />

One might say these<br />

are good problems to<br />

have, but the corollary<br />

of that is that opportunities<br />

will be lost forever.<br />

What is needed shortterm<br />

is a serious plan to<br />

address all of the training<br />

and skills deficits,<br />

lack of people and engaged<br />

political leadership.<br />

The TCCI has been<br />

focussing on a range of<br />

high-level strategic issues<br />

impacting Tasmania.<br />

The annual Tasmania<br />

Report is a signature<br />

document that provides a<br />

clear focus on what is improving,<br />

what is lacking<br />

and options to improve<br />

our collective future.<br />

The next edition is imminent.<br />

The TCCI Board is<br />

currently focussed on<br />

five key priorities for<br />

the <strong>Tasmanian</strong> Economy,<br />

for the short-term,<br />

medium-term and longer-term.<br />

Once determined,<br />

these will become key<br />

pillars of advocacy in<br />

coming months.<br />

We welcome your input.<br />

Paul Arnold is TCCI<br />

North West Director.<br />

www.tcci.com.au<br />

Associate degrees<br />

offer career growth<br />

LeeWhiteley<br />

University College<br />

Chief Executive<br />

WHEN developing<br />

the range of University<br />

College associate<br />

degrees, one of our<br />

objectives was to provide<br />

opportunities for<br />

people already in the<br />

workforce to up-skill<br />

and gain a formal qualification.<br />

We have been able<br />

to achieve this by providing<br />

students with<br />

practical and relevant<br />

study experiences,<br />

with the ability to undertake<br />

subject assessment<br />

in the workplace.<br />

In doing so, students<br />

have been able<br />

to apply their learning<br />

directly to the workplace<br />

while they study,<br />

allowing them to put<br />

what they have studied<br />

into practice right<br />

away.<br />

This has enormous<br />

benefit both for the<br />

student and the employer.<br />

As such, we have<br />

found that many businesses<br />

from different<br />

sectors have come to<br />

us looking for opportunities<br />

to support<br />

their staff into study.<br />

One such example<br />

of this is our student,<br />

James Johnston, who<br />

is studying our Supply<br />

Chain Management<br />

specialisation<br />

and currently working<br />

full time as a Storeman<br />

at the Kingborough<br />

Council.<br />

James has been supported<br />

by his workplace<br />

throughout his<br />

studies, as his manager<br />

is able to appreciate<br />

the long-term benefit<br />

for the Council.<br />

The flexible delivery<br />

of the course has<br />

also made it possible<br />

for James to continue<br />

working full time<br />

while completing his<br />

studies.<br />

Another way that<br />

we have been able to<br />

ensure our associate<br />

degrees are relevant to<br />

those in the workforce<br />

is through regular engagement<br />

with industry.<br />

We do this by developing<br />

our courses<br />

with industry experts<br />

and actively involving<br />

them in the course delivery.<br />

This is done in a<br />

range of ways including<br />

workshops, industry<br />

placements and real-world<br />

case studies.<br />

With applications<br />

open for 2019, now<br />

is the time to get in<br />

touch with our team<br />

to talk about study<br />

options for you or<br />

your staff. Visit utas.<br />

edu.au/college, call<br />

us on 1300 363 864 or<br />

email us on Course.<br />

Info@utas.edu.au.<br />

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