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)…
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…
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…
The State Government has announced it has been required to appoint advisors to seek a ‘confidential and non-binding’ indication of value of the Motor Vehicle Registry, as part of the secret deal done by the former Labor government in its $1.6b billion LTO privatisation. It is now absolutely clear that if the Labor government had been…
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,…
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…
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…
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…
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…
The overwhelming majority of government schools and preschools have rejected demands by union bosses from the Australian Education Union to close their classrooms and go on a full-day strike and protest on the steps of Parliament House. Treasurer Rob Lucas said 72 per cent (676) of the state’s 934 government primary, secondary and preschools will remain open –15 per…