State Government welcomes latest BankSA State Monitor as more businesses create jobs and expand

The Marshall Liberal Government has welcomed the latest BankSA State Monitor survey, which shows South Australian business confidence remains strong, with more employers creating new jobs in the past three months as others prepare to expand their local workforce. Planned investment has surged, with a record high number of businesses intending to make a major purchase on plant…

New fund manager to be appointed for SA Venture Capital Fund

The  independent committee that manages the SA Venture Capital Fund has commenced a process to appoint a new venture capital fund manager to oversee investments of the $50 million SA Venture Capital Fund (SAVCF). This independent SAVCF Management Committee is chaired by respected businessman Raymond Spencer.  In July 2017, the former Labor government entered into an agreement with BlueSky Venture Capital (BSVC)…

State Government secures guaranteed Port Pirie smelter loan repayment deal, as Treasurer approves change of ownership

The Marshall Liberal Government has announced it has successfully reached a commercial financing agreement with Trafigura Group Pte Ltd, the new owner of the Port Pirie lead smelter, which will secure compulsory repayment of the remaining monies owned under the $291.125 million taxpayer-guaranteed loan.  As part of the deal, Nyrstar Port Pirie paid $29.125 million in May this…

Former Labor government in hot water as independent pricing inquiry finds Labor inflated water bills for consumers

An Independent Inquiry into Water Pricing in South Australia has found the former Labor government deliberately inflated the value of SA Water’s opening regulated asset base (RAB) to maximise profits and protect government revenues, driving up water bills for hardworking families and businesses.  The damning final report of the Inquiry, led by a former regulator and respected corporate leader Lew Owens,…

Malinauskas accused of using taxpayer funds to pay for Labor Party advertising

Treasurer Rob Lucas today accused Labor Leader Peter Malinauskas of using taxpayer funds to pay for Labor Party authorised advertising attacking the Marshall Liberal Government. Since the State Budget the Labor Party has been running a series of radio commercials attacking the Marshall Liberal Government and aspects of the State Budget. “All of these commercials are clearly Labor Party commercials…

Insurers AAMI, SGIC follow competitors’ lead and ‘floor’ their CTP rates for cars, utes

The State Government has welcomed the move by private insurers, AAMI and SGIC, to reduce CTP insurance premiums offered to private passenger vehicles and all light goods carrying vehicles, such as utes, to the lowest rate possible under full-competition. It follows a similar move by competitor QBE who, earlier this month, also responded quickly by reducing its CTP premium rates for…

AEU bosses recommend teachers not write remarks on student report cards

Some students across South Australia will have brought home end-of-term report cards without any written teacher comments about their progress and ability, attitude or areas for improvement, following a ‘silly’ Australian Education Union directive designed to disadvantage students and parents. Union bosses from the AEU have recommended their members not provide parents and children any insightful, informative commentary on…

Government response to damning Ombudsman report

The Ombudsman today has published a report of his investigation into the Department of Planning, Transport and Infrastructure pursuant to a referral dated 3 April 2018 under section 24(2)(c) of the Independent Commission against Corruption Act 2012. The investigation covered expenditure and actions during the period of the former Labor Government. The Minister of DPTI at the time was Stephen Mullighan…