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Tasmanian Business Reporter June 2019

Welcome to the June edition of the TBR. This month we take an in-depth look at the recently handed down State Budget where despite falling Government revenue, significant infrastructure spending looks set to maintain Tasmania's economic momentum. You'll also find a wrap-up of the Federal election and what the results mean for the state, an update on the $300 million Cattle Hill Wind Farm project and insight into the future of health care from St.LukesHealth CEO Paul Lupo.

Welcome to the June edition of the TBR.

This month we take an in-depth look at the recently handed down State Budget where despite falling Government revenue, significant infrastructure spending looks set to maintain Tasmania's economic momentum.

You'll also find a wrap-up of the Federal election and what the results mean for the state, an update on the $300 million Cattle Hill Wind Farm project and insight into the future of health care from St.LukesHealth CEO Paul Lupo.

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JUNE <strong>2019</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 12,000 M O N T H LY<br />

Spending<br />

for<br />

growth<br />

Treasurer Peter Gutwein in the State<br />

Budget media lockup.<br />

Budget to<br />

drive state<br />

forward<br />

By BECHER<br />

TOWNSHEND<br />

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

and Industry has welcomed<br />

the State Government’s decision to<br />

maintain momentum through significant<br />

infrastructure spending in<br />

the <strong>2019</strong>-20 State Budget.<br />

TCCI Chief Executive Michael<br />

Bailey said business was comfortable<br />

with the Budget going into<br />

net debt as it was investing in infrastructure<br />

and stimulating economic<br />

growth.<br />

Treasurer Peter Gutwein’s sixth<br />

State Budget was handed down<br />

late last month and while it predicts<br />

surpluses across the forward<br />

estimates, Tasmania will rack up<br />

$1.1 billion in net debt by 2023.<br />

The <strong>2019</strong>-20 Budget shows the<br />

contradiction that Tasmania currently<br />

has – on one hand the economy<br />

continues to boom with some<br />

of the best economic numbers<br />

we’ve seen in the history of the<br />

state, but on the other hand revenue<br />

is falling.<br />

The state is becoming a victim<br />

of its own success. GST revenue<br />

and stamp duty are predicted to<br />

fall half a billion dollars over the<br />

next four years.<br />

GST is going down, because<br />

Tasmania is performing better relative<br />

to the rest of the nation, while<br />

stamp duty is coming down, not<br />

because of a fall in property prices,<br />

but because houses in the south<br />

aren’t changing hands because<br />

they’re so expensive and the boom<br />

in the North and North West is not<br />

enough to cover the difference.<br />

Continued page 2<br />

How TCCI<br />

Membership<br />

Benefits your<br />

business<br />

JOIN TODAY<br />

FROM AS LITTLE AS $399<br />

Funded by <strong>Business</strong> Working for <strong>Business</strong><br />

1300 559 122<br />

www.tcci.com.au<br />

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

and Industry is an independent membership<br />

organisation funded by <strong>Tasmanian</strong> businesses.<br />

TCCI provides valuable support to its members through<br />

advocacy and a range of programs and services including:<br />

• Customised membership to achieve<br />

your business objectives<br />

• Training and workforce development<br />

• Workplace relations advice and solutions<br />

• Networking and promotion<br />

• Workplace health and safety<br />

• Networking and promotion<br />

• Training and workforce development<br />

• Events<br />

SOUTH<br />

Industry House<br />

309 Liverpool Street<br />

Hobart 7000<br />

NORTH<br />

The Old Post Office<br />

68-72 Cameron Street<br />

Launceston 7250


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<br />

2 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong><br />

NEWS<br />

Infrastructure spending to maintain momentum<br />

Net debt to boost economy<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 12,000 M O N T H LY<br />

e dition<br />

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readership, our new up-to-date digital distribution will keep <strong>Tasmanian</strong>s abreast of the all latest in local business<br />

news. From this month we will distribute electronic editions of the <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> as we go to print.<br />

To confirm your copy sign up to our mailing list via<br />

tbreditorial@fontpr.com.au<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 12,000 M O N T H LY<br />

Tasmania’s business newspaper is published monthly by the<br />

<strong>Tasmanian</strong> Chamber of Commerce and Industry. It is distributed<br />

to businesses in Tasmania as well as key decision-makers.<br />

Circulation: 12,000<br />

BUSINESS<br />

WHILE health has historically<br />

been the biggest drain on<br />

the State Budget, this year’s<br />

winners are education and infrastructure.<br />

The highlights are:<br />

Health: $8.1 billion over<br />

the next four years, representing<br />

nearly 32 per cent of the<br />

entire State Budget. Over six<br />

years the funding will support<br />

298 new beds, 802 more nurses,158<br />

additional doctors, 128<br />

more allied health professionals<br />

and 182 additional support<br />

staff.<br />

Education: $7.1 billion<br />

over the next four years – a<br />

$349 million increase from<br />

last year’s Budget and includes<br />

$145 million in recurrent<br />

funding which allows for<br />

an additional 358 new staff<br />

including 250 new teachers;<br />

and $179 million in education<br />

infrastructure across Department<br />

of Education and Tas-<br />

TAFE facilities.<br />

Infrastructure: $3.6 billion<br />

including $304.9 million<br />

for rail infrastructure, $294<br />

million on the new Bridgewater<br />

Bridge, $111.7 million<br />

to keep upgrading the Midland<br />

Highway, $83 million<br />

towards an urban congestion<br />

fund, $58 million specifically<br />

to support tourist roads and<br />

$292 million to renew roads.<br />

Tourism: $20 million Regional<br />

Tourism Attraction<br />

Managing Editor: Tom 2O’Meara<br />

0418 135 822<br />

Editor: Becher Townshend<br />

0418 370 661<br />

Advertising and Special Projects<br />

Gil Sellars 0448 901 371<br />

gil@thetrustedmediaco.com<br />

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BUSINESS<br />

YOUR QUICK GUIDE TO SERVICES AND PRODUCTS FOR YOUR BUSINESS<br />

QUALITY ERGONOMIC FURNITURE<br />

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Budget to drive growth<br />

From page 1<br />

WANTED<br />

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

movers and<br />

shakers<br />

• Promotions<br />

• Appointments<br />

• Awards<br />

• Celebrating<br />

success<br />

Share the news<br />

with the<br />

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

business<br />

community<br />

Send your news<br />

snippets, with a<br />

high quality photo,<br />

to TBReditorial@<br />

fontpr.com.au<br />

As a result, Treasurer<br />

Peter Gutwein has<br />

been forced to make<br />

some difficult decisions.<br />

First up, there will be the<br />

introduction of two new<br />

taxes – foreign investor<br />

land tax to catch overseas<br />

money, but more importantly<br />

for <strong>Tasmanian</strong>s a<br />

15 per cent point of consumption<br />

tax on gambling<br />

– capturing gambling<br />

online and bringing<br />

Tasmania in line with the<br />

rest of the nation.<br />

There will be a $50<br />

million special dividend<br />

taken from the MAIB,<br />

while the <strong>Tasmanian</strong><br />

Public Finance Corporation<br />

will hand over $39.5<br />

million.<br />

Government departments<br />

will also be required<br />

to provide a 0.75<br />

per cent special dividend<br />

and the so-called hardline<br />

two per cent wages<br />

target continues.<br />

However, given the<br />

teachers’ wages decision,<br />

it remains to be seen if<br />

this can be achieved.<br />

The moves to increase<br />

taxes and take further<br />

special dividends are designed<br />

to cover the loss<br />

of revenue and thus allow<br />

the Government to<br />

continue its fiscal path.<br />

This sees yet another<br />

year of record infrastructure<br />

spending at some<br />

Your Partner<br />

in Print.<br />

www.footandplaysted.com.au<br />

Now incorporating<br />

events to Tasmania.<br />

<strong>Business</strong>: Continuing the<br />

payroll tax rebate scheme<br />

and small business grants<br />

until <strong>June</strong> 2021 to support<br />

the employment of around<br />

4,500 young <strong>Tasmanian</strong>s<br />

as apprentices and trainees.<br />

$4.1 million partnership<br />

with the TCCI and Tas-<br />

COSS to address barriers to<br />

work, $4.4 million for the<br />

<strong>Tasmanian</strong> Trade Strategy<br />

to further boost <strong>Tasmanian</strong><br />

exports and jobs and $2.8<br />

million to develop Tasmania’s<br />

first Defence Industry<br />

Strategy.<br />

THE CRAFT LIVES ON.<br />

$3.6 billion and while<br />

some question the ability<br />

of the Government<br />

to spend this amount, a<br />

drive down the Midland<br />

Highway and through<br />

the Hobart CBD certainly<br />

proves things are happening.<br />

Elsewhere health continues<br />

to receive record<br />

funding at $8.1 billion<br />

– which is now about<br />

32 per cent of the total<br />

budget, while education<br />

is not far behind at $7.1<br />

billion.<br />

There are some remarkable<br />

figures for<br />

those who study the longterm<br />

economic growth of<br />

Tasmania – a gross state<br />

product figure of 2.75 per<br />

The state rail network,<br />

above left, will receive<br />

$304.9 million while the<br />

upgrade of the Midland<br />

Highway, right, will<br />

continue.<br />

cent – revised up by half<br />

a per cent since last year<br />

and is three quarters of a<br />

per cent better than the<br />

long-term average.<br />

Population growth is<br />

running at double the<br />

long-term average, therer<br />

is continued growth<br />

in visitor numbers and a<br />

respectable 6.5 per cent<br />

unemployment rate.<br />

Meanwhile this year<br />

will see a budget surplus<br />

of $41 million, next year<br />

it will see a $57 million<br />

surplus, which interestingly<br />

won’t get us out of<br />

net debt until 2021 but<br />

given the circumstances<br />

a steady-as-she-goes<br />

budget is not such a bad<br />

thing.


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<br />

<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong> 3<br />

NEWS<br />

Power<br />

in the<br />

wind<br />

Tassie a<br />

winner in<br />

stunner<br />

THE first of 48 wind turbines<br />

has been erected at Goldwind’s<br />

Cattle Hill Wind Farm.<br />

Company and Government<br />

officials travelled to the Central<br />

Highlands to celebrate the<br />

milestone, with construction<br />

of the $300 million project<br />

expected to be finished by the<br />

end of the year.<br />

Goldwind Australia Managing<br />

Director John Titchen said the<br />

investment was committed<br />

based on a long-term Power<br />

Purchase Agreement with<br />

Aurora to purchase <strong>Tasmanian</strong><br />

generated renewable energy<br />

certificates produced by the<br />

wind farm, underpinned by<br />

the Federal Renewable Energy<br />

Target.<br />

“Goldwind and Power China<br />

Resources Group appreciate<br />

the significant project progress,<br />

reflecting a team effort by many<br />

major project partners and about<br />

Goldwind Australia<br />

MD John Titchen,<br />

left, Energy Minister<br />

Guy Barnett and<br />

MD of Power China<br />

Australia, Shiyou He<br />

at the Cattle Hill Wind<br />

Farm.<br />

150 staff currently working on<br />

site,” Mr Titchen said.<br />

More than a quarter of the<br />

turbine components have been<br />

delivered to site.<br />

The turbines will be up to 170<br />

metres in height and the three<br />

blades positioned at the top of<br />

the tower are 68.5 metres long.<br />

Once operational, Cattle Hill<br />

Wind Farm will produce enough<br />

clean energy to power about<br />

63,500 <strong>Tasmanian</strong> homes.<br />

By TOM<br />

O’MEARA<br />

TASMANIA will again<br />

be represented by government<br />

MPs and the<br />

state should benefit as a<br />

result, after a swing to<br />

the Liberal Party at the<br />

Federal Election.<br />

Prime Minister Scott<br />

Morrison will be keen to<br />

repay the faith that voters<br />

in the marginal seats<br />

of Bass and Braddon<br />

showed.<br />

Tasmania was a pivotal<br />

player in the party’s<br />

unlikely victory, described<br />

as a miracle by<br />

Mr Morrison.<br />

The PM was extremely<br />

visible in Tasmania<br />

throughout the campaign<br />

– keen to press his “blue<br />

collar” credentials with<br />

regular visits to pubs and<br />

footy clubs.<br />

Liberal Bridget Archer<br />

is expected to defeat incumbent<br />

Ross Hart in<br />

a nail biting count for<br />

Bass, with the electorate<br />

choosing to turf out the<br />

sitting member for the<br />

eighth time in the last 10<br />

elections.<br />

As we went to print,<br />

Ms Archer was 656 votes<br />

ahead of Mr Hart, who<br />

suffered a swing against<br />

him of 4.7 percent.<br />

In Braddon, farmer<br />

Gavin Pearce unseated<br />

one-term member Justine<br />

Keay – the result 53.2 to<br />

46.7 on a two party preferred<br />

breakdown.<br />

In the Senate, the popular<br />

Richard Colbeck<br />

will retain his seat and<br />

the Liberals will have<br />

one other new, female<br />

senator joining him.<br />

<strong>Business</strong> and community<br />

leaders have welcomed<br />

Mr Morrison’s<br />

decision to give Senator<br />

Colbeck a parliamentary<br />

portfolio – naming<br />

him as Minister for Aged<br />

Care, Minister for Youth<br />

and Minister for Sport<br />

as reward for his performance.<br />

Senator Jonathon Duniam<br />

has been named<br />

Assistant Minister for<br />

Regional Tourism, Assistant<br />

Minister for Forestry<br />

and Fisheries and Deputy<br />

Manager of Government<br />

<strong>Business</strong> in the Senate.<br />

Having sitting MPs<br />

in Government will be<br />

a win for the state, after<br />

three years of no representation<br />

from the Liberals<br />

in any of the five <strong>Tasmanian</strong><br />

electorates after<br />

the defeat of the “Three<br />

Amigos”.<br />

It’s expected that Ms<br />

Archer and Mr Pearce<br />

will now be able to push<br />

hard for the delivery of<br />

election promises in a<br />

timely manner.<br />

TCCI CEO Michael<br />

Bailey said the success<br />

of Bass and Braddon<br />

candidates supported the<br />

workplace productivity<br />

project for Tasmania and<br />

regional places around<br />

the nation.<br />

“The TCCI wanted<br />

both major parties to<br />

develop and deliver policies<br />

to increase productivity,”<br />

Mr Bailey said.<br />

“It was encouraging to<br />

hear new Braddon Member<br />

Mr Pearce support<br />

small business and advocate<br />

to ensure that small<br />

business is sound and to<br />

create opportunities for<br />

growth.”<br />

Labor’s re-elected<br />

members did suffer a<br />

vote drop.<br />

Brian Mitchell saw<br />

a swing of 3.7 per cent<br />

against him in Lyons but<br />

was re-elected without<br />

too much drama courtesy<br />

of the Jessica Whelan<br />

social media scandal<br />

dismantling the Liberal<br />

campaign in the sprawling<br />

regional electorate.<br />

In Franklin, Julie Collins<br />

saw a swing of 2.5<br />

per cent against her but<br />

was still returned with a<br />

massive 62 per cent on<br />

two party preferred.<br />

Also in the south, Andrew<br />

Wilkie in Clark was<br />

re-elected with a phenomenal<br />

73 per cent of<br />

the vote.<br />

The South is now<br />

left to fight for a bigger<br />

chunk of the federal<br />

funding pie without<br />

any Government representation<br />

at MHR level<br />

and the influence of Mr<br />

Wilkie as an independent<br />

reduced given Mr Morrison<br />

won’t be forced to<br />

govern in minority.<br />

WANTED<br />

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

movers and<br />

shakers<br />

• Promotions<br />

• Appointments<br />

• Awards<br />

• Celebrating<br />

success<br />

Share the news<br />

with the<br />

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

business<br />

community<br />

Send your news<br />

snippets, with a<br />

high quality photo,<br />

to TBReditorial@<br />

fontpr.com.au<br />

ADVERTISEMENT<br />

Elise<br />

Archer<br />

Your local Liberal<br />

Member for Clark<br />

62 Main Rd, Moonah<br />

Please contact me:<br />

p: 6212 2210<br />

e: elise.archer@dpac.tas.gov.au<br />

m: PO Box 426, Moonah, 7009<br />

www.elisearcher.com<br />

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


4 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong><br />

THOUGHT LEADERSHIP<br />

www.tcci.com.au<br />

State role in win recognised<br />

THE Scott Morrison-led<br />

Liberal National Coalition<br />

has been returned to<br />

form government.<br />

To quote Prime Minister<br />

Morrison: “I have<br />

always believed in miracles.”<br />

I’m not sure this result<br />

was down to miraculous<br />

intervention.<br />

I am extremely sure<br />

that a lot of the result can<br />

be levelled at the relentless<br />

energy of the Prime<br />

Minister.<br />

He was everywhere<br />

across Australia, including<br />

on the day of actual<br />

polling, in Tasmania<br />

again.<br />

The PM also “employed”<br />

Premier Will<br />

Hodgman strategically<br />

throughout the Northern<br />

campaign.<br />

And Tasmania delivered<br />

for the Liberals with<br />

the electorates of Bass<br />

and Braddon changing<br />

hands.<br />

The TCCI’s policy<br />

push - “Make it affordable<br />

to employ people in<br />

regional Australia” - got<br />

national coverage.<br />

The ACCI and<br />

Queensland Chamber<br />

also worked very hard in<br />

that state’s marginal elec-<br />

Michael<br />

Bailey<br />

TCCI Chief Executive<br />

torates; their Small <strong>Business</strong><br />

is a Big Deal campaign<br />

really cut through.<br />

What Tasmania now<br />

needs is a cabinet minister<br />

– and I nominate Senator<br />

Richard Colbeck to<br />

make a return there.<br />

Bass has only been<br />

won by a sitting member<br />

when now State Labor<br />

member Michelle O’Byrne<br />

held the seat from<br />

1998 to 2004.<br />

You have to go back<br />

to Warwick Smith<br />

(1984 to 1993) and<br />

Lance Barnard (1954 to<br />

1975) to see when the<br />

people of Bass enjoyed<br />

long-term representation.<br />

What is also clear is<br />

that we cannot trust the<br />

opinion polls anymore.<br />

Right up until Saturday<br />

night, when the results<br />

started streaming<br />

in, the polls were pointing<br />

to a Labor victory.<br />

In fact, SportsBet<br />

paid on Labor in the<br />

week of the election.<br />

Listening to post-election<br />

analysis on Sunday,<br />

it emerged that Labor’s<br />

own polling showed that<br />

they were in trouble in<br />

Queensland.<br />

And it was in<br />

Queensland where the<br />

Liberal National Coalition<br />

cleaned up.<br />

We often talk about<br />

the disparities between<br />

states in Australia and<br />

how people in Victoria<br />

think differently to people<br />

in Queensland for example.<br />

What is a constant is<br />

that people don’t like<br />

political parties telling<br />

them what they should<br />

do.<br />

In Queensland, the<br />

Adani coal mine is a<br />

huge issue … as many<br />

people see it being an<br />

important issue for the<br />

whole country, depending<br />

on which side of the<br />

coal-fired power debate<br />

you sit.<br />

And that’s what happened<br />

in Queensland,<br />

where the electorate rejected<br />

absolutely the Labor<br />

campaign.<br />

In simplistic terms, the<br />

Liberal National Coalition<br />

said to Australia: the<br />

economy is going well,<br />

trust us.<br />

Labor had a campaign<br />

of change, which was exploited<br />

on issues such as<br />

new taxes and franking<br />

credits.<br />

The TCCI argued<br />

strongly for a government<br />

that understands<br />

and supports small and<br />

medium-sized business,<br />

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

economy.<br />

We will be watching<br />

carefully that all the<br />

funding promises are<br />

delivered for Tasmania,<br />

particularly for Bass and<br />

Braddon.<br />

We wish the new Government<br />

well, so too our<br />

newly-elected members,<br />

Gavin Pearce (Braddon)<br />

and Bridget Archer<br />

(Bass).<br />

Scott Morrison<br />

spent an<br />

unprecedented<br />

amount of time<br />

campaigning in<br />

Northern Tasmania<br />

before the election<br />

– including on<br />

the morning of<br />

the election in an<br />

effort to win back<br />

Bass and Braddon<br />

– spending time<br />

playing pool and<br />

drinking beer with<br />

some locals.<br />

Congratulation to the<br />

returned members in<br />

Julie Collins (Franklin),<br />

Brian Mitchell (Lyons)<br />

and Andrew Wilkie<br />

(Clark).<br />

What Tasmania and<br />

Australia now has is<br />

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<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong> 5<br />

THOUGHT LEADERSHIP<br />

Vietnam eye-opener<br />

Sally<br />

Chandler<br />

Tradestart Adviser<br />

MY visit to Vietnam was<br />

an eye-opener and the<br />

country is so different<br />

from the 1000-year-old<br />

Hanoi in the north to the<br />

relatively young Ho Chi<br />

Minh City in the south.<br />

Hanoi is the capital<br />

city and seat of government<br />

and HCMC is the<br />

commercial city where<br />

two thirds of Vietnam’s<br />

trading activities are undertaken.<br />

Australia has an Embassy<br />

in Hanoi and a<br />

Consulate General in<br />

HCMC and Austrade has<br />

offices within both.<br />

South Korean company,<br />

electronics manufacturer<br />

Samsung has two<br />

huge factories about 45<br />

kilometres from Hanoi<br />

Future of shipping laid bare<br />

THE <strong>Tasmanian</strong> Logistics<br />

Committee will once<br />

again partner with the<br />

Australian Peak Shippers<br />

Group and the Freight<br />

Trade Allegiance to<br />

host the <strong>2019</strong> <strong>Tasmanian</strong><br />

Freight and Logistics<br />

Forum at UTAS/AMC<br />

Launceston on <strong>June</strong> 26.<br />

The event, in its third<br />

year, hosts more than 150<br />

industry representatives<br />

including shippers, shipping<br />

lines, transport companies,<br />

port operators,<br />

students and Government<br />

officials.<br />

Premier Will Hodgman<br />

will give the keynote address.<br />

On the back of the recently<br />

released trade<br />

that are cities in themselves,<br />

where 45,000<br />

and 65,000 people work.<br />

All the food and requirements<br />

are trucked<br />

in on a daily basis.<br />

One has three canteens<br />

using more than 13<br />

tonnes of rice a day.<br />

While scooters are the<br />

main mode of transport,<br />

more cars are coming on<br />

the road with about 1000<br />

new cars every month in<br />

Hanoi, even though cars<br />

are taxed at 200 per cent.<br />

All media, including<br />

newspapers and social<br />

media, is heavily regulated<br />

by Vietnam’s ruling<br />

Communist Party and a<br />

lot of bloggers go to jail or<br />

get deported. It is against<br />

the law to share negative<br />

strategy for the state,<br />

and with the Premier<br />

also being the Minister<br />

for Trade, the subject of<br />

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

economy and freight and<br />

logistics has never been<br />

more entwined.<br />

This year’s forum has<br />

been designed to address<br />

the future with such topics<br />

such as infrastructure<br />

and growth, biosecurity,<br />

environment and sustainability<br />

and coastal<br />

shipping and Bass Strait<br />

trade.<br />

Speakers include the<br />

Director of Ports Policy<br />

from the ACCC, CEOs<br />

from Port of Melbourne<br />

and TasPorts, General<br />

Manager of Biosecuri-<br />

A feeder vessel carries containers on the Saigon River.<br />

stories on social media.<br />

There is a lot of organised<br />

crime and the drug<br />

trade is large, with extortion<br />

rampant. Ministers<br />

and high ranking people<br />

were sent to jail recently.<br />

There is a lot of corruption<br />

and the Australian<br />

Government and Aus-<br />

Cham Vietnam heavily<br />

For international trade and investment assistance contact the TCCI’s Trade-<br />

Start Adviser at sally.chandler@tcci.com.au or phone 1300 559 122.<br />

Brett<br />

Charlton<br />

Agility Logistics<br />

ty Tasmania, COO of<br />

ANL, Toll Tasmania and<br />

Searoad senior management<br />

as well as many<br />

other professionals from<br />

specific fields that can<br />

provide accurate and upto-date<br />

thinking on what<br />

the challenges and opportunities<br />

are for <strong>Tasmanian</strong><br />

shippers going<br />

into 2020.<br />

While we see positive<br />

scenarios for trade on<br />

promote anti-bribery and<br />

not to be corrupt.<br />

Australian companies,<br />

indeed <strong>Tasmanian</strong> companies,<br />

need to take a longer<br />

term view of Vietnam.<br />

As in all Asian economies,<br />

relationships are the<br />

key to success.<br />

There is a big churn of<br />

Australian companies in<br />

the back of our free trade<br />

agreements and reputation<br />

on the world stage,<br />

the reality is that growth<br />

comes with real challenges.<br />

Attendees will hear<br />

about the investment in<br />

new vessels to increase<br />

capacity across Bass<br />

Strait and plans to develop<br />

new infrastructure in<br />

Tasmania and Victoria<br />

to accommodate growth,<br />

Vietnam so it is extremely<br />

important to work hand<br />

in hand with Austrade<br />

and/or AusCham Vietnam<br />

to align a business with<br />

the country and see what<br />

products and services<br />

work in Vietnam.<br />

Education related exports<br />

are deemed our biggest<br />

future opportunities.<br />

coupled with what the inhibitors<br />

are that delay or<br />

block progress in delivering<br />

outcomes.<br />

The climate is something<br />

that the industry<br />

takes very seriously and<br />

attendees will leave the<br />

forum well versed in the<br />

coming implementation<br />

of low sulphur fuels for<br />

vessels and the ramifications<br />

for shippers.<br />

I strongly urge anyone<br />

that has anything to do<br />

with shipping or logistics<br />

to attend this event – it<br />

has truly become the premier<br />

event for the industry<br />

in Tasmania.<br />

Tickets at - www.<br />

ftalliance.com.au<br />

www.tcci.com.au<br />

Podcasts<br />

you should<br />

listen to<br />

PODCASTS continue to grow as a powerful<br />

marketing and branding platform. They are a<br />

great way to build authority and nurture trust<br />

with your customer base.<br />

We are a long way from the days when a<br />

podcast was just a recording of a terrestrial<br />

radio show or a couple of fanatics chatting<br />

on Skype. Podcast listeners now expect to be<br />

entertained. Here are some good examples.<br />

The Sauce from McDonalds<br />

McDonalds recently teamed up with Studio@<br />

Gizmodo and Onion Labs to create a fun,<br />

engaging, satirical series based around its<br />

promotional run of Szechuan sauce in the 90s.<br />

The idea came from an episode of the cult<br />

animated series Rick and Morty but Macca’s<br />

picked it up and ran with it.<br />

Hackable? from McAfee<br />

This series “digs into the minds of cyber<br />

criminals” exploring the vulnerabilities we face<br />

through staying connected to the internet. This<br />

podcast is a perfect example of how a business<br />

can use the medium to entertain and inform an<br />

audience in a way that strengthens its brand.<br />

Face 2 Face (Facebook)<br />

This Australian production sounds like it’s<br />

aimed mostly at advertising and marketing<br />

insiders but it’s so well made, anyone who is<br />

exposed to advertising (pretty much all of us)<br />

will appreciate it. Hosted by Jules Lund, it<br />

features interviews with some of Australia’s<br />

brightest marketers.<br />

Tough Conversations with Henry Rollins<br />

(Mercedes Benz)<br />

American Musician Henry Rollins travels<br />

around Australia interviewing locals about what<br />

toughness means to them. Designed to promote<br />

Mercedes’ new X-Class which just happens to<br />

be a tough, rugged all purpose vehicle.<br />

FontCast from Font PR<br />

Tasmania’s top PR firm, Font PR, has<br />

released the FontCast capitalising on the<br />

experience of its partners Becher Townshend,<br />

Brad Nowland and Brad Stansfield.<br />

The program, produced and directed by Ikin<br />

Media, is a panel style program covering news<br />

and politics.<br />

These are examples of how small and large<br />

business from Australia and around the world<br />

are harnessing the power of podcasting to<br />

strengthen their brands.<br />

If you would like to explore how podcasting<br />

might work for you Ikin Media can help, with<br />

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6 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong><br />

THOUGHT LEADERSHIP<br />

Future of health care<br />

Paul<br />

Lupo<br />

CEO, StLukesHealth<br />

LOOKING after your health<br />

is a bit like looking after your<br />

car – it needs maintenance,<br />

fuel and rest.<br />

Imagine if you fed your car<br />

the wrong fuel or neglected to<br />

maintain the engine.<br />

It is unlikely your car would<br />

go the distance or be in your<br />

life for very long.<br />

Your health is the same, so<br />

why is it then that we neglect<br />

to take care of ourselves and be<br />

active participants in our health<br />

and well-being?<br />

At St.LukesHealth, we believe<br />

there are three pillars<br />

of health centred on staying<br />

healthy, getting well and living<br />

better.<br />

When we are younger our focus<br />

is more on wellness and as<br />

we advance in years, illness becomes<br />

more the consideration.<br />

It is easy to take life for<br />

granted and unfortunately it is<br />

only when we are faced with<br />

illness that we appreciate it.<br />

So, how well do you think<br />

you currently manage your<br />

health?<br />

If Tasmania’s health statistics<br />

are anything to go by, it<br />

could be better.<br />

About 70 per cent of all mistakes<br />

in medicine are the result<br />

of information not being available<br />

when a decision is made.<br />

There are similar challenges<br />

in the health system.<br />

We are seeing many advances<br />

around personal health and<br />

many of these are being driven<br />

by changes in technology and<br />

communications.<br />

In the US, 15 per cent of<br />

consultations with health providers<br />

are now virtual using<br />

audio or video facilities.<br />

Some have predicted that<br />

within five years’ half of all<br />

interactions with health providers<br />

will be using these techniques.<br />

Many of us do not have an<br />

overall vision of our health.<br />

Documents sit with our doctors<br />

and most of this documentation<br />

is in paper form meaning<br />

it can be easily lost in the<br />

system.<br />

How is it that your health-<br />

Devices are at the centre of future health care.<br />

care providers hold your health<br />

record and not you?<br />

Yet you are the one that<br />

needs to manage your health<br />

on a day-to-day basis.<br />

Personal health records are<br />

becoming the mode by which<br />

you can have all your health<br />

information at your fingertips.<br />

This may include information<br />

about allergies, illnesses,<br />

surgeries, immunisations, tests<br />

and screenings results.<br />

It may also include information<br />

about medicines taken and<br />

health habits, such as diet and<br />

exercise.<br />

Home devices, including<br />

fitness trackers and other<br />

smart devices can also contribute<br />

to managing health,<br />

with health information at<br />

your fingertips on a smart<br />

phone or other device.<br />

Now that is exciting.<br />

You can ensure your body is<br />

receiving the right fuel and<br />

the right maintenance.<br />

This is where the future of<br />

personal health really lies.<br />

Later this year<br />

St.LukesHealth will introduce<br />

a unique personal<br />

health record solution for<br />

members.<br />

Watch this space.<br />

www.tcci.com.au<br />

Helping your<br />

business thrive<br />

JUST as all financial<br />

institutions are different, so<br />

too are business bankers.<br />

Whether you’re after a<br />

simple business account or<br />

a complex business loan,<br />

you should feel confident<br />

that you have a dedicated<br />

business banker on your<br />

side. So, what makes a<br />

good business banker?<br />

Time is money – A good<br />

business banker should<br />

be available when and<br />

where you need them –<br />

responsive and flexible to<br />

help solve your financial<br />

challenges quickly and<br />

efficiently.<br />

Know how – They<br />

need the experience and<br />

expertise to help manage<br />

risk and build your<br />

business. They may not be<br />

an expert in your field, but<br />

they should get to know<br />

you and the industry you<br />

operate in.<br />

Supportive and reliable<br />

– Think about how much<br />

support you need as<br />

your business changes<br />

and grows. Ideally, your<br />

business banker should<br />

provide you with useful<br />

services and solutions to<br />

help you thrive at every<br />

stage.<br />

Paul<br />

Ranson<br />

CEO, Bank of us<br />

Nurturing trust –<br />

Banking arrangements<br />

are often long-term. A<br />

business banker should<br />

invest the time to develop<br />

and nurture your ongoing<br />

relationship. Open and<br />

honest communication<br />

really is key.<br />

One stop shop – It<br />

makes sense that your<br />

business banker can<br />

help you with both your<br />

business and personal<br />

banking needs. Also,<br />

consider whether your<br />

business banker has<br />

the authority and the<br />

discretion to make onthe-spot<br />

decisions. You<br />

want to be dealing with<br />

the person who is making<br />

the decisions and not a gobetween.<br />

Local knowledge – A<br />

good business banker<br />

knows the local market<br />

and what market forces are<br />

at play where you operate<br />

and in the wider economy.<br />

A local business banker<br />

is an invaluable partner to<br />

your business.<br />

We do business banking.<br />

RUNNING A BUSINESS ISN’T EASY<br />

AND WE GET THAT.<br />

At Bank of us, we are very business-y when it comes<br />

to business banking.<br />

From everyday business banking to overdrafts<br />

and business loans we have the goods. Our<br />

business banking comes with all the things you’d<br />

expect from a bank but with some very important<br />

differences, like fast, local decision making and<br />

flexible banking solutions.<br />

bankofus.com.au | 1300 306 716<br />

Bank of us is a trading name of B&E Ltd ABN 32 087 652 088<br />

AFSL & Australian Credit Licence 236870<br />

How unexpected.


<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong> 7<br />

THOUGHT LEADERSHIP<br />

www.tcci.com.au<br />

Who can be in your corner?<br />

Abbey<br />

George<br />

Workplace Relations<br />

UNLIKE the Supreme<br />

Court or Magistrates<br />

Court, the Fair Work<br />

Commission is designed<br />

for parties to represent<br />

themselves during proceedings.<br />

So, if you do wish to<br />

have a lawyer or paid<br />

agent represent you, the<br />

FWC will need to be satisfied<br />

before they grant<br />

permission for them to<br />

appear.<br />

This means that you<br />

could have been instructing<br />

a lawyer for some<br />

time (and cost) only for<br />

it to come to the day of<br />

the conference or hearing<br />

and the FWC refuses permission<br />

for them to assist<br />

you.<br />

There you are standing<br />

in the FWC now having<br />

to argue your case …<br />

alone.<br />

Section 596 of the Fair<br />

Work Act 2009(2) sets<br />

out the circumstances<br />

in which the FWC may<br />

grant permission for a<br />

party to be represented<br />

by a lawyer or paid agent<br />

which includes:<br />

• Complexity – would<br />

Check whether you are allowed to “lawyer up” for the Fair Work<br />

Commission.<br />

it allow the matter to be<br />

dealt with more efficiently?<br />

• Fairness – can the<br />

party represent themselves<br />

effectively and<br />

would it be unfair for<br />

them not to be represented?<br />

• Is one (or both) parties<br />

from a non-English<br />

speaking background or<br />

has difficulty reading or<br />

writing?<br />

• If the party seeking<br />

representation is the employer<br />

– do they have<br />

specialist human resources<br />

staff?<br />

Having said this, there<br />

are circumstances set out<br />

in the legislation where<br />

a party does not have to<br />

ask permission for representation<br />

by a lawyer or<br />

paid agent.<br />

Section 596 of the Fair<br />

Work Act 2009(4) states<br />

that this includes:<br />

• When the lawyer or<br />

paid agent is an employee<br />

or officer of the person;<br />

or<br />

• Where they are an employee<br />

of officer of an organisation;<br />

or<br />

• An association of employers;<br />

or a peak council<br />

or a bargaining representative.<br />

In simple terms this<br />

means that unions are generally<br />

exempt from seeking<br />

permission, but so is<br />

the <strong>Tasmanian</strong> Chamber<br />

of Commerce and Industry<br />

as we are a peak employer<br />

not-for-profit organisation.<br />

So if you are a TCCI<br />

member, or seek TCCI<br />

representation in matters<br />

in the FWC you can rest<br />

assured that we do not<br />

have to seek permission to<br />

represent you.<br />

Some general information<br />

around this can<br />

be found on the Fair<br />

Work Commission’s<br />

website here: https://<br />

www.fwc.gov.au/anti-bullying-benchbook/<br />

commission-processes/representation-lawyers-and-paid-agents<br />

For assistance, contact the Helpline on<br />

1300 765 123 or the TCCI on 1300 59 122 or<br />

workplacerelations@tcci.com.au<br />

Consider the risks of working in isolation<br />

Craig<br />

Hortle<br />

Workplace Health & Safety<br />

SOME workplaces may<br />

require workers to perform<br />

their work activity<br />

in isolation.<br />

If you have workers<br />

in this situation how can<br />

you ensure that they are<br />

working in safe manner,<br />

have not injured themselves<br />

and have arrived<br />

home safely?<br />

This type of work may<br />

include all-night convenience<br />

store and service<br />

station attendants, sales<br />

representatives, drivers,<br />

park rangers and health<br />

and community workers.<br />

Consider the following<br />

if you have employees<br />

in these, or similar, situations.<br />

Communication<br />

• What forms of communication<br />

does the worker<br />

have access to?<br />

• Are there procedures<br />

for regular contact with<br />

the worker?<br />

• Will the emergency<br />

communication system<br />

work properly in all situations?<br />

• If communication<br />

systems are vehicle-based,<br />

what arrangements<br />

are there to cover<br />

the worker when he or<br />

she is away from the vehicle?<br />

The location of the<br />

work<br />

• Is the work in a remote<br />

location that makes<br />

immediate rescue or attendance<br />

of emergency<br />

services difficult?<br />

• What is likely to happen<br />

if there is a vehicle<br />

breakdown?<br />

The nature of the work<br />

• What machinery,<br />

tools and equipment may<br />

be used?<br />

• Are high risk activities<br />

involved? For example<br />

work at heights,<br />

work with electricity,<br />

hazardous substances or<br />

hazardous plant.<br />

• Is fatigue likely to increase<br />

risk (for example,<br />

with long hours driving a<br />

vehicle or operating machinery)?<br />

• Is there an increased<br />

risk of violence or aggression<br />

when workers<br />

have to deal with clients<br />

For more information contact Craig Hortle or Janelle Whitehouse at the<br />

TCCI on 1300 559 122 or safety@TCCI.com.au<br />

STRENGTHEN<br />

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Call Sam Ikin on 0419 682 098 to discuss your project.<br />

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or customers by themselves?<br />

• Can environmental<br />

factors affect the safety<br />

of the worker? For example,<br />

exposure to extreme<br />

hot or cold environments?<br />

• Is there risk of attack<br />

by an animal, including<br />

reptiles, insects and sea<br />

creatures?<br />

The skills and capabilities<br />

of the worker<br />

• What is the worker’s<br />

level of work experience<br />

and training? Is<br />

the worker able to make<br />

sound judgements about<br />

his or her own safety?<br />

• Are you aware of<br />

a pre-existing medical<br />

condition that may increase<br />

risk?


8 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong><br />

FOCUS ON BUSINESS<br />

College<br />

opts for<br />

choices<br />

By LEE<br />

WHITELEY<br />

University College<br />

Chief Executive<br />

Officer<br />

UNIVERSITY College is<br />

listening carefully to feedback<br />

and conversations about<br />

courses and delivery model.<br />

While the uptake of UC<br />

courses has been encouraging,<br />

we are constantly refining<br />

our offering and delivery<br />

model to meet the market demand.<br />

To date, UC has offered a<br />

portfolio of courses through<br />

a blended, or hybrid, delivery.<br />

This means that our students<br />

can study from their<br />

preferred location, through a<br />

combination of high-quality<br />

digital content, tutorials and<br />

face-to-face workshops.<br />

This model has been popular<br />

with a diverse group of<br />

students; however, we are<br />

also listening to feedback<br />

from students who have expressed<br />

their need for a campus<br />

experience.<br />

Many indicated their wish<br />

to engage in a vibrant campus-life,<br />

while undertaking<br />

full-time study on campus.<br />

In light of this feedback<br />

and the exciting opportunity<br />

that new campuses on the<br />

Cradle Coast and Launceston<br />

offer, the UC concluded that<br />

a full-time on-campus option<br />

for some specific courses is<br />

essential.<br />

We are now working to pilot<br />

a unique course offering,<br />

the new Associate Degree in<br />

Equipment Design and Technology.<br />

Even more exciting is a<br />

brand new dedicated space<br />

- the Original Equipment<br />

Manufacturing facility: a<br />

purpose-built space as an extension<br />

of the Cradle Coast<br />

Campus at Burnie that will<br />

enhance the delivery of this<br />

Many students are looking for a vibrant campus life while studying.<br />

new course. Informed by<br />

what the region is good at,<br />

this course will teach 2D/3D<br />

design skills, fabrication techniques,<br />

lean management and<br />

design thinking, incorporating<br />

simulation experiences to embed<br />

the learning.<br />

The new OEM facility<br />

will house equipment in a real-world<br />

industry setting, so<br />

that students can turn their<br />

designs into reality.<br />

Using a “real skills for real<br />

outcomes” approach, students<br />

will engage in a combination<br />

of practical handson<br />

activities within a higher<br />

education setting, ultimately<br />

gaining a relevant qualification<br />

that is designed to set<br />

students up for a promising<br />

career in a related industry.<br />

The Associate Degree in<br />

Equipment Design and Technology<br />

is under development.<br />

A process of approval and<br />

accreditation needs to be undertaken,<br />

however it is anticipated<br />

that the new course<br />

will be accredited in time for<br />

introduction in 2020.<br />

As part of this process,<br />

we are interested in further<br />

building on the industry intelligence<br />

already collected<br />

through consultation and<br />

conversations with key stakeholders<br />

and industry partners.<br />

After 39 years in industry,<br />

I know that the combination<br />

of the Associate Degree<br />

in Equipment Design<br />

and Technology and the<br />

new OEM facility will be a<br />

game-changer - for students<br />

and for industry - supporting<br />

a different way of learning<br />

to achieve very different<br />

outcomes.<br />

At University College we<br />

recognise that not everyone<br />

learns in the same way.<br />

This means we need to<br />

think about different ways to<br />

engage, and a different way<br />

to teach.<br />

Teaching needn’t be constrained<br />

to the classroom or<br />

lecture theatre, instead it can<br />

be much more stimulating;<br />

engaging students through a<br />

suite of learning experiences<br />

– from virtual reality to<br />

simulation, to making things<br />

with both old-fashioned<br />

hand tools and cutting-edge<br />

robotics.<br />

APPLY<br />

NOW!<br />

TERM 3 starts<br />

July 22<br />

Study an Associate Degree and<br />

advance your career<br />

Whether you’re looking to up-skill, need a formal qualification to take the next step in your career or trying to break<br />

into a new industry, UC has the right Associate degree for you. Our courses offer full-time and part-time options,<br />

so you can find the right balance between work, life and study.<br />

Your path to progress starts with a single step. Visit our website or call 1800 788 244 to speak with a course advisor.<br />

utas.edu.au/college


<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong> 9<br />

FOCUS ON BUSINESS<br />

Six steps to managing risk<br />

By ARASH<br />

RASHIDIAN<br />

...strategic risks are almost<br />

exclusively the domain of<br />

senior management.<br />

A NUMBER of studies<br />

over the past decade or<br />

so have shown that mismanaging<br />

strategic risks<br />

is the top factor responsible<br />

for destroying shareholder<br />

value.<br />

Risks can emanate<br />

from many areas including<br />

organisational culture<br />

and capability, brand,<br />

reputation, large transactions,<br />

corporate structure<br />

and ownership, quality<br />

of board and executive<br />

governance and focus<br />

of leadership.<br />

So how should enterprises<br />

go about strategic<br />

risk assessment and<br />

apply it to their decision-making?<br />

1. Hold the CEO<br />

and executive team accountable<br />

for changing<br />

the risk/reward balance<br />

at a sensible frequency<br />

— rarely longer than<br />

six-monthly.<br />

2. Make time to set out<br />

the most pertinent and recent<br />

internal and external<br />

events, drivers of performance,<br />

sector health and<br />

organisational (people)<br />

strengths and weaknesses.<br />

3. Find a process<br />

to glean insight independently<br />

and without<br />

bias from the executive<br />

and the board on scenarios<br />

that concern them the<br />

most.<br />

Build scenarios with<br />

plausible likelihoods of<br />

realisation and clear material<br />

implications.<br />

Encourage board<br />

members and management<br />

to lift their gaze<br />

from issues that are preoccupying<br />

them this<br />

quarter.<br />

4. Stress-test scenarios<br />

to resolve which are most<br />

significant and generating<br />

uncertainty.<br />

5. Consider current<br />

mitigating factors that<br />

may or may not include<br />

internal controls, whether<br />

there is an adverse,<br />

stable or positive trend<br />

with time for the scenario,<br />

and the limit of your<br />

appetite for that risk scenario.<br />

6. There are three alternatives:<br />

• accept the risk and do<br />

nothing more. There is<br />

no practical or commercially<br />

sensible response<br />

to the scenario and it becomes<br />

a volatile feature<br />

of the strategy;<br />

• do nothing more yet.<br />

Accept the risk is real<br />

and warrants action, but<br />

that there is uncertainty<br />

of an optimal response.<br />

Research an optimal response<br />

and execute; or<br />

• do something now.<br />

The scenario as represented<br />

is currently unacceptable<br />

without further<br />

mitigation, so act now.<br />

Unlike operational<br />

risk, strategic risks are<br />

almost exclusively the<br />

domain of senior management.<br />

Only senior managers<br />

and directors are experienced<br />

enough to have<br />

reliable insight into these<br />

risks – and only their<br />

judgement can be relied<br />

upon for a commercially<br />

sensible and pragmatic<br />

response.<br />

Strategic risks are often<br />

interdependent and<br />

require an integrated approach.<br />

Effective strategic risk<br />

management involves<br />

integrating risk management<br />

into executive and<br />

board decision making.<br />

Experience suggests<br />

that identifying and responding<br />

to strategic risks<br />

is an advanced managerial<br />

set that requires practice.<br />

Executives and directors<br />

need to hone it over<br />

time.<br />

An ability to properly<br />

frame and negotiate risk<br />

appetite among the board<br />

towards new strategy –<br />

and aligning that appetite<br />

with the executive – is a<br />

challenge requiring perseverance<br />

and a willingness<br />

to negotiate and<br />

compromise.<br />

But it can require readiness<br />

to change tack when<br />

circumstances change.<br />

Strategic risk profiles<br />

have a shelf life which in<br />

most sectors is shortening<br />

all the time.<br />

Arash Rashidian GA-<br />

ICD is a principal with<br />

Lighthouse Advisory<br />

and an AICD facilitator.<br />

This article first<br />

appeared in the May<br />

issue of AICD’s Company<br />

Director magazine.<br />

OUR MEMBERSHIP<br />

OPENS DOORS<br />

Join more than 43,000 experienced directors and senior leaders by<br />

becoming a member of the Australian Institute of Company Directors.<br />

Membership provides you with exclusive access to our <strong>Business</strong> Centre<br />

and Member Lounges in Sydney, Melbourne, Canberra, Adelaide, Perth<br />

and Hobart CBDs, member-only events and a range of governance tools<br />

and resources.<br />

Take the next step in your career<br />

t: 1300 739 101 w: companydirectors.com.au/SWT<br />

06460-26_18


10 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong><br />

NEWS<br />

TasWater customer<br />

service earns award<br />

TASWATER’s 24 Glasses<br />

- Regional Towns Water<br />

Supply Program, which<br />

resulted in the removal of<br />

all public health alerts on<br />

drinking water, has been<br />

named winner of the Operator<br />

& Service Provider<br />

Excellence award at this<br />

year’s Infrastructure Part-<br />

nerships Australia presentation.<br />

TasWater shared the<br />

award with project management<br />

partner KBR<br />

and TRILITY, the company<br />

which manufactured<br />

and installed nine<br />

water treatment plants<br />

in communities around<br />

New head for aqua feed company<br />

BIOMAR has appointed David<br />

returns to BioMar to lead the Greece, Turkey, China, Costa<br />

Whyte as managing di-<br />

start-up of the company’s first Rica and Ecuador, supplying<br />

rector of its new $56 million Australian plant.<br />

high-performance feed to the<br />

aqua feed manufacturing “I am excited to take this global aquaculture industry.<br />

plant at Wesley Vale. new professional challenge to BioMar is wholly owned<br />

The plant is under construction<br />

build a high performing team by the Danish industrial group<br />

and due to be commis-<br />

and firmly establish BioMar Schouw & Co, which is listed<br />

sioned in January, 2020. in Australia and New Zealand,”<br />

on the NASDAQ, Copenha-<br />

Mr Whyte is a marine biologist<br />

he said.<br />

gen.<br />

with 32 years’ experience<br />

It’s a tremendous opportuni-<br />

Once operational, the Tastion<br />

in aquaculture producty<br />

and a significant responsibilmanian<br />

facility will produce<br />

and supply companies in ity to meet the expectation<br />

2<br />

of up to 110,000 tonnes per annum<br />

of aqua feed product,<br />

Scotland, Australia and New our customers, staff, community<br />

and shareholders.”<br />

creating an expected 55 full<br />

Zealand.<br />

He was the first Technical BioMar operates 14 feed factories<br />

in Norway, Chile, Den-<br />

30 indirect jobs across the re-<br />

time jobs and an additional<br />

Manager at BioMar’s UK<br />

plant in the late 1990s and mark, Scotland, Spain, France, gion.<br />

YOUR QUICK GUIDE TO SERVICES AND PRODUCTS FOR YOUR BUSINESS<br />

BUSINESS<br />

HOBART’S BEST RANGE OF<br />

QUALITY ERGONOMIC FURNITURE<br />

FOR THE HOME AND OFFICE<br />

We specialise in high quality ergonomic chairs,<br />

alternative seating and electronic sit/stand desks.<br />

Flair Office Furniture has been providing quality, affordable office<br />

furniture to homes and offices throughout the Hobart region<br />

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

specialising in all types of products, so why not visit us today to<br />

see our fantastic range?<br />

www.flairofficefurniture.com.au<br />

Phone 6234 1127<br />

260 Argyle Street,<br />

North Hobart<br />

Tasmania. The judging<br />

panel said it chose Tas-<br />

Water’s Regional Towns<br />

Water Supply program<br />

because of its innovative<br />

approach to lifting public<br />

health alerts in many<br />

small communities and<br />

achieving the best outcome<br />

for TasWater customers.<br />

TasWater CEO<br />

Michael Brewster said it<br />

was very pleasing to gain<br />

national recognition for<br />

a very significant infrastructure<br />

development.<br />

“The job of installing<br />

a large number of small<br />

and in some cases quite<br />

isolated water treatment<br />

BUSINESS<br />

To see your business here, call Kerri on 0419 750 267 or email kerri@thetrustedmediaco.com<br />

TasWater<br />

Senior Engineer<br />

Asset Strategy<br />

Bryony Elson,<br />

left, TasWater<br />

Stakeholder<br />

and Community<br />

Engagement<br />

Leader John J<br />

Murray, Managing<br />

Director Trility<br />

Fracois Gouws<br />

and General<br />

Manager, Systems<br />

Performance &<br />

Major Projects<br />

at TasWater<br />

Dr Dharma<br />

Dharmabalan.<br />

plants was an immense<br />

challenge from the very<br />

start,” Mr Brewster said.<br />

“The key to success<br />

was our partnership<br />

with KBR and TRILITY<br />

which enabled us to complete<br />

the task within the<br />

time frame of 18 months<br />

which we committed to.”<br />

David Whyte<br />

IN BRIEF<br />

Check your online presence<br />

TASMANIA’S 37,300 small to medium businesses<br />

have a new digital check-up tool to help check the<br />

health and effectiveness of their websites and attract<br />

more customers to their businesses.<br />

The tool, designed and built locally by <strong>Tasmanian</strong><br />

firm Neon Jungle, provides analysis and tips on search<br />

engine optimisation, accessibility, performance, mobile<br />

responsiveness and social profile.<br />

The offering is part of the State Government’s Digital<br />

Ready for <strong>Business</strong> program, which has seen 600<br />

<strong>Tasmanian</strong>s attend a digital ready event or coaching<br />

session thi year.<br />

The digital check-up tool can be accessed via<br />

https://checkup.digitalready.tas.gov.au/<br />

Tassie’s frozen neighbour<br />

HOBART will host the fourth International Sub-Antarctic<br />

Forum in July 2020 as the state aims to capitalise<br />

on its proximity to Antarctica.<br />

The 2020 forum will sit alongside the biennial Australian<br />

Antarctic Festival, which attracts more than<br />

21,000 visitors to Hobart from around the world.<br />

It will bring together more than 120 experts from<br />

Antarctic nations including Australia, New Zealand,<br />

France, the United Kingdom, South Africa, Chile, Argentina<br />

and Norway.<br />

Land managers, policy makers, commercial operators<br />

and NGOs, as well as sub-Antarctic scientists,<br />

will focus on the challenges facing the sub-Antarctic<br />

and develop stronger partnerships.<br />

Tassie on the menu<br />

TASMANIA’S premium food and beverages were the<br />

envy of Asia at the HOFEX <strong>2019</strong> Food and Hospitality<br />

Tradeshow in Hong Kong in mid-May.<br />

Eight local premium food and beverage producers<br />

were introduced to thousands of trade delegates<br />

from more than 70 countries at the State Government-backed<br />

stall.<br />

Tasmania’s presence yielded results, with Hong<br />

Kong supermarket chain, City Super, signing deals to<br />

stock Tasmania’s Westhaven Dairy’s full range of yoghurts,<br />

and premium Tas Prime oysters.<br />

Woodbridge Smokehouse also signed a deal to increase<br />

the volume of their premium smoked salmon to<br />

Hong Kong’s ParknShop flagship stores.<br />

Wildlife the winner<br />

WILDLIFE will be the winner after a Hobart Airport<br />

initiative to install 1km of virtual fencing technology<br />

along Grueber Avenue.<br />

Environment Manager Kirsten Leggett said it was<br />

an important initiative to reduce animal deaths on the<br />

road.<br />

“Tasmania has recently earned the unfortunate title<br />

of the road kill capital of the world, with more animals<br />

dying per kilometre on <strong>Tasmanian</strong> roads than<br />

anywhere else in the world,” Ms Leggett said.<br />

“For locals and visitors alike, the experience of colliding<br />

with our wildlife can be quite traumatic.<br />

The Wildlife Safety Solutions technology is activated<br />

by oncoming headlights and uses audio alerts along<br />

with flashing LED lighting to deter animals from entering<br />

the roadway.<br />

Initial testing of virtual fencing devices in Tasmania<br />

has seen a 50 per cent reduction in road kill deaths.<br />

Bruny ferry may go electric<br />

A SECOND new<br />

multi-million dollar vessel<br />

to service Bruny Island<br />

will be built by<br />

<strong>Tasmanian</strong> business<br />

Richardson Devine Marine.<br />

SeaLink Travel Group<br />

had already contracted<br />

the ship builder to build<br />

its first new vessel, which<br />

is under construction and<br />

due to be delivered in<br />

Your Partner<br />

in Print.<br />

December this year.<br />

A contract has now<br />

Now incorporating<br />

been signed for the second<br />

vessel, which will<br />

cost $7.5 million.<br />

An artist’s impression of the first new Bruny<br />

Island ferry now under construction.<br />

Investigations are un-<br />

www.footandplaysted.com.au<br />

der way into the viability<br />

of it being electric -<br />

which would be the first<br />

ferry of its kind in the<br />

southern hemisphere.<br />

THE CRAFT LIVES ON.<br />

SeaLink’s two new<br />

vessels will provide a<br />

more reliable, efficient<br />

and comfortable services<br />

to the island, which is enjoying<br />

a tourism boom.


<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong> 11<br />

EVENTS<br />

Becher Townshend of Font PR, left, Tom O’Meara of<br />

<strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> and Scott Newton of Knight<br />

Frank Tasmania.<br />

Quintin Villanueva of Qapital Investments, left,<br />

Alderman Simon Behrakis and Nick Heath from<br />

the City of Hobart.<br />

Greg Cooper of Macquarie Point Development<br />

Corporation, left, and Rob de Fegely and Steve<br />

Whitely from Sustainable Timber Tasmania.<br />

What:<br />

TCCI State Budget<br />

briefing breakfasts<br />

Where:<br />

Tasman Room, Wrest<br />

Point Casino, Hobart<br />

Gateway Hotel,<br />

Devonport<br />

When:<br />

Friday, May 24, <strong>2019</strong><br />

Sam McQuestin from the Liberal Party (Tasmania), left,<br />

and Jason Kambovski of Westpac.<br />

Devonport Chamber of Commerce and Industry executive<br />

member Dave Race, left, and Captain Dick Burgess.<br />

Devonport<br />

Chamber of<br />

Commerce<br />

and Industry<br />

immediate<br />

past<br />

president<br />

Stacey<br />

Sheehan, left,<br />

Kate Keenan<br />

and Elizabeth<br />

Holm.<br />

Devonport<br />

Chamber of<br />

Commerce and<br />

Industry<br />

president Dane<br />

Layton, left,<br />

immediate past<br />

president Stacey<br />

Sheehan, TCCI<br />

CEO Michael<br />

Bailey and TCCI<br />

Chair Susan<br />

Parr.


12 <strong>Tasmanian</strong> <strong>Business</strong> <strong>Reporter</strong> - JUNE <strong>2019</strong><br />

PROPERTY MATTERS<br />

Statewide lease market strong<br />

Scott Newton<br />

Property Matters with<br />

Knight Frank<br />

Rob Dixon, Knight Frank Tasmania’s Director<br />

of Commercial Sales & Leasing (North),<br />

shares his insights into the Northern <strong>Tasmanian</strong><br />

commercial market in this month’s<br />

article.<br />

THE Property Council of<br />

Australia Office Market Report<br />

for <strong>2019</strong> released in January<br />

reported Hobart CBD<br />

office market vacancy rate<br />

held steady at 5.9% for the<br />

preceeding 12 months.<br />

Being the third lowest capital<br />

city behind Melbourne<br />

and Sydney CBD markets is<br />

a very positive result.<br />

Northern regional Tasmania,<br />

and Launceston specifically,<br />

is experiencing similar<br />

results with similar vacancy<br />

rates for A-Grade space.<br />

With the opening of the<br />

CH Smith Building, there is a<br />

pending addition of 4500 sqm<br />

of former State Government<br />

offices in May <strong>2019</strong>.<br />

Knight Frank has these<br />

large floor plates on offer to<br />

the leasing market.<br />

Recent leasing of more<br />

thanh 2000 sqm of this space,<br />

and strong interest in a further<br />

1000 sqm has highlighted<br />

the strength in this sector<br />

in regional Tasmania also.<br />

Market research by Knight<br />

Frank has Launceston office<br />

vacancy for A-Grade space<br />

at about 7.5%, which is very<br />

encouraging for regional Tasmania.<br />

We have recently seen<br />

several large office developments<br />

taken to the market and<br />

the yields are trending consistently<br />

considering the properties<br />

attributes of location, office<br />

type and lease covenant.<br />

The former <strong>Tasmanian</strong><br />

Demand for A Grade office space in Launceston is encouraging.<br />

Trustee building in Patterson<br />

Street has been beautifully<br />

renovated and showcases<br />

<strong>Tasmanian</strong> office architecture.<br />

The property has recently<br />

transacted more than $3m, reflecting<br />

a yield of about 7.0%.<br />

The CH Smith Building has<br />

recently been sold to an interstate<br />

investor with a healthy<br />

yield of around 6.5%, reflective<br />

of the key investment<br />

attributes: modern building,<br />

well located, good parking,<br />

and an attractive lease covenant<br />

to the State Government.<br />

There are other office assets<br />

currently on offer in the<br />

market that are priced at more<br />

than $6m.<br />

These properties, with a<br />

healthy weighted average<br />

lease term in place, are subject<br />

to lease covenants to government<br />

departments.<br />

With very strong demand<br />

for this sector of the market,<br />

indications are the market is<br />

seeing these assets at a yield<br />

around 7.5% to 8.0%.<br />

A further sale of a significant<br />

B-Grade office block<br />

in the city centre, with good<br />

on-site car parking, was offered<br />

with predominantly<br />

vacant possession. This sale<br />

has highlighted that buyers<br />

see assets offered on a vacant<br />

possession about 100 to 150<br />

basis point yield softer than<br />

leased assets.<br />

A development application<br />

has been lodged for a potential<br />

new office development<br />

in the city that would take up<br />

some of the current market<br />

demand.<br />

Any potential requirements<br />

from the University of Tasmania<br />

in their relocation into<br />

the city centre may place further<br />

demand on a sector of<br />

the market which is currently<br />

holding firm.<br />

Office owners are starting<br />

to look to transition lesser<br />

grade space to meet the needs<br />

and requirements that should<br />

present in the immediate future.<br />

A number of these buildings<br />

are now providing attractive<br />

office fit outs, meeting<br />

the demands of the market.<br />

North West Tasmania, especially<br />

Devonport, witnessed<br />

strong office leasing<br />

conditions during 2018, with<br />

about 3000 sqm of office<br />

space leased across 20 transactions.<br />

In a market dominated by<br />

space in the range of 100 to<br />

200 sqm, Knight Frank concluded<br />

several larger transactions<br />

recently.<br />

PROPERTY VIEW<br />

<strong>June</strong> <strong>2019</strong><br />

Opportunities abound.<br />

145 Davey Street, Hobart.<br />

For Sale by Expressions of Interest<br />

Rare mall investment opportunity.<br />

55 Elizabeth Street, Hobart.<br />

For Sale by Offer<br />

Flexible: Owner<br />

occupy / develop<br />

Site area:<br />

430 sqm*<br />

Building area:<br />

220 sqm*<br />

100% leased<br />

investment<br />

Site area:<br />

195 sqm*<br />

WALE: 2.6 years<br />

This offering is an 1840 built single-level building on an<br />

“Urban Mixed use” zoned site on a major Hobart arterial<br />

road. The building would be well suited as offices, consulting<br />

rooms, retail, visitor or residential accommodation.<br />

Conditional DA for 2 apartments in place.<br />

Matthew Wright 0458 290 588<br />

Ian Reed 0419 670 501<br />

Hobart’s strategic mega site.<br />

103 Melville Street, Hobart.<br />

For Sale by Expressions of Interest<br />

*Approx<br />

Three level commercial building situated in the heart of<br />

Hobart’s retail pulse, the Elizabeth Mall. The property has<br />

dual retail frontage as fronts Wellington Court at the rear.<br />

The property is fully leased to four tenants and is anchored<br />

by national retailer Ghanda Clothing.<br />

Matthew Wright 0458 290 588<br />

Richard Steedman 0408 559 046<br />

Landmark office building.<br />

144 Macquarie Street, Hobart<br />

For Sale by Offer<br />

*Approx<br />

Site area: 1,179<br />

hectares:*<br />

Existing structure<br />

6,374 sqm*<br />

Scott Newton 0409 186 261<br />

Hayden Peck 0412 766 395<br />

2 year leaseback<br />

SOLD<br />

Knight Frank has the privilege to present the largest and<br />

most significant CBD development site available to the<br />

market. Situated on the Northern edge of the CBD only 250<br />

metres from Hobart’s central retail block, this site represents<br />

an opportunity on scale that is truly unique.<br />

*Approx<br />

Net income of<br />

$1.43 million pa<br />

Lettable area:<br />

5,684 sqm*<br />

Scott Newton 0409 186 261<br />

Richard Steedman 0408 559 046<br />

NABERS rating<br />

of 4 star<br />

SOLD<br />

Strategically located, sustainable A grade office building with<br />

fantastic views and natural light. Substantial capital upgrades<br />

have been completed to the base building lighting, lifts and<br />

mechanical plant. The sale price point represents an attractive<br />

value proposition in a competitive sales market.<br />

5 Victoria Street, Hobart 54 Cameron Street, Launceston 48-54 Oldaker Street, Devonport<br />

P: 03 6220 6999 P: 03 6333 7888 P: 03 6424 3568<br />

*Approx

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