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…
DetailsNyrstar, 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…
DetailsIn an overwhelming show of support for the deregulation of shop trading hours, thousands of South Australians have voted with their feet and hopped into shops right across Adelaide – the first time all city and suburban retailers have been allowed to trade on Easter Monday in SA. Treasurer Rob Lucas – who granted a…
DetailsA 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…
DetailsTreasurer Rob Lucas said today that ex union boss Peter Malinauskas and current shoppies union bosses were like economic ostriches burying their heads in the sand over the retail industry and shop trading hours reform. After yesterday’s sad announcement of the closure of Radio Rentals stores, shoppies union boss Josh Peak was calling on the State Government…
DetailsThe 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…
DetailsOne 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…
DetailsThe 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…
DetailsThe State Government has called on the Shorten Labor Opposition to commit to the full $126 million budgeted by the Federal Coalition over the forward estimates towards completion of the North-South Corridor, with the ALP short-changing South Australia by $31 million. Treasurer Rob Lucas also accused both Mr Shorten and State Labor Leader Peter Malinauskas of completely backing away from…
DetailsAll motor vehicle and boat dealerships across the city and suburbs will be permitted to trade on the Easter Saturday public holiday, having been granted a special State Government exemption under the Shop Trading Hours Act 1977. Treasurer Rob Lucas said, under the Act, car dealerships and boat yards are considered non-exempt shops regardless of their…
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