Fears home values will fall, jobs could go and state revenue down as State Treasurers demand Shorten come clean on his destructive economic policies

Australians face falling property prices, higher rents, potential job losses and reduced state revenue under Federal Labor’s ‘destructive’ economic agenda, with three State Treasurers joining forces to demand Bill Shorten reveal the true impact of his election policies on their states.  In a joint letter to Mr Shorten today, SA Treasurer Rob Lucas, New South Wales Treasurer Dominic Perrottet…

SA small and medium businesses ‘most confident’ in the nation, as Marshall Government lauded for payroll tax cuts

South Australia has defied the national trend and soared to its highest level of small and medium business confidence on record, with SMEs backing the Marshall Government’s positive economic reforms – including the abolition of payroll tax for all small businesses.  The landmark results – revealed in the March Quarter 2019 Sensis Business Index – show SA small and…

Tills ring out as ‘knockout’ Boxing Day retail figures show shoppers embraced historic trade in the ’burbs

South Australians have voted with their feet in favour of Boxing Day trade in the ’burbs, with figures showing retail sales across suburban Adelaide almost trebling (an increase of 192%) those of the public holiday last year. The figures – contained in an Advanced Analytics report commissioned by the Government of Commonwealth Bank transactions over the Christmas holiday…

Nyrstar to make $42 million payment towards Port Pirie smelter loan

Nyrstar, after discussions with its largest shareholder Trafigura – the global commodity trading company which has entered into a conditional restructuring arrangement that may lead to it becoming the majority owner of the Port Pirie smelter – has formally advised the State Government it will make a $42.3 million payment this month.  The commitment follows a meeting in Adelaide today…

Drakes Supermarkets seek permanent exemption from shop trading laws for its West Beach store

A vocal opponent of the Marshall Government’s bid to reform SA’s ‘silly, antiquated’ shop trading laws has asked Treasurer Rob Lucas for a permanent Ministerial exemption to open one of his supermarkets outside prescribed trading hours, to avoid having to reduce its floor area to comply with the law.  Treasurer Rob Lucas said Managing Director…

Merit-based selection panel to oversee appointment of SA Employment Tribunal Commissioners

The State Government has announced it has formed a panel of five leading legal, industrial and workplace employment professionals to oversee a merit-based selection process for the appointment of Commissioners to the SA Employment Tribunal (SAET). Treasurer Rob Lucas said the expert panel, to be chaired by former Senior Deputy President of the Fair Work…

Statement regarding Nyrstar ownership

One of the world’s largest independent commodity trading companies, Trafigura Group Pte Ltd, has advised that it has entered into an agreement and has committed to interim funding arrangements of US$250 million as part of a process to secure a restructuring deal with Nyrstar’s financiers. The agreements are an important step towards the successful completion of the restructuring, which would…

Modernising road maintenance

The Marshall Government will be extending its 20-year partnership with industry to modernise South Australia’s approach to maintaining our road network as announced in last year’s State Budget.  Currently, about 60 per cent of the annual road maintenance budget is delivered by industry through external contracts.  The State Government will soon release a tender for the maintenance of the…