The Marshall Liberal Govenrment has welcomed the groundswell of community and business support for its historic land tax reforms, which will put $70 million back into the pockets of tens of thousands of hardworking South Australians over three years. Paradise teacher Lynnette Deguglielmo, and her husband Dominic, who own several investment properties and currently pay…
DetailsDetailed analysis conducted by Treasury has now revealed that 22,300 property ownerships comprising individuals, companies and trusts in South Australia own multiple properties and are already paying land tax on aggregated land values. Put simply, this means that many South Australians have continued to invest in property even though they might be paying land tax…
DetailsThe Marshall Liberal Government has tonight announced details of its bold land tax reform package – including an immediate slashing of SA’s top marginal tax rate from the highest in the nation at 3.7% to just 2.4% (which is the average of all mainland states) – which will benefit tens of thousands of South Australians…
DetailsThe State Government will this morning file an application in the SA Employment Tribunal (SAET) requesting conciliation before the Tribunal to finally resolve the protracted teachers’ Enterprise Bargaining negotiations. Treasurer Rob Lucas said, despite negotiations being held in good faith for more than 15 months, union bosses from the Australian Education Union had shown no…
DetailsIndependent global ratings agencies, Moody’s and Fitch, have re-affirmed their confidence in South Australia’s economy, applauding the Marshall Liberal Government’s ‘prudent fiscal discipline’ amid growing business confidence and burgeoning defence, space and tourism sectors. In its latest credit update, Moody’s – which has maintained the state’s Aa1 stable rating (the second-highest in the nation) –…
DetailsSouth Australian schools are showing encouraging signs of improvement following the release of the 2019 NAPLAN results today. This year’s results have seen Year 3 mean score results up in every test domain, as well as nation-leading growth in writing scores for South Australia. The state’s results have also improved against the Australian average in 15 of the 20 measures…
DetailsThe State Government has welcomed the latest in a string of positive independent surveys confirming South Australia’s standout strong economic growth, with the latest ANZ Stateometer revealing SA’s economy is the best performing in the country. The survey, released last night, shows SA was the only state or territory to record “above trend and accelerating growth’’ in the June quarter.…
DetailsThe State Government has reached an in-principle commercial settlement with the operators of the new Royal Adelaide Hospital, finalising a litany of long-running historical disputes – including duress alarm system and building faults – inherited from the former Labor government and which have plagued the hospital since well before it officially opened in September 2017.…
DetailsA vocal critic of the Marshall Liberal Government’s push to reform shop trading laws has again applied for – and been granted – a Ministerial exemption to open one of its stores outside prescribed shop trading hours to capitalise on Royal Adelaide Show crowds, citing the overwhelming “success’’ of last year’s extended trade. Treasurer Rob Lucas has granted the temporary…
DetailsToday’s ABS job figures highlight the critical importance of the State Government’s long-term economic reform agenda to drive positive economic and jobs growth. A record 856,300 people were gainfully employed in SA in July – a 1.6 per cent annual increase – meaning 15,700 jobs have been created since March, 2018. Employment growth in the…
DetailsThe Marshall Liberal Government says a report from the Australian Energy Market Commission into lessons from South Australia’s state-wide blackout confirms the need for an electricity interconnector between South Australia and New South Wales. The report notes that an interconnector will deliver improved competition, reliability, resilience, and better allow the network to survive extreme events and be restored faster. The…
DetailsThe Marshall Liberal Government has welcomed the latest NAB Monthly Business Survey, which shows rising South Australian business confidence in July – with local businesses now the most confident in the nation in trend terms (+6 index points). The results – which follow the release of the State Budget on June 18 – mirror the positive findings of the recent…
DetailsThe Marshall Liberal Government has announced its formal response to the final report of the SA Productivity Commission’s Inquiry into Government Procurement (Stage 1) – the first conducted by the Commission since it was established in October. Treasurer Rob Lucas said the Government has accepted all 30 of its recommendations – the majority in full – which…
DetailsThe 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…
DetailsThe 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)…
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