The Marshall Liberal Government has announced it has successfully secured the agreement of Trafigura Group Pte Ltd, the new majority owner of the Port Pirie lead smelter, to repay the entire remaining $262.1m owed under the $291.1m SA taxpayer-guaranteed loan. It comes as the company advises it’s expanding its Port Pirie workforce, creating an additional…
DetailsMr President, I would like to update the house on the current status of the financing arrangement for Nyrstar’s redevelopment project of its smelter in Port Pirie. The Marshall Liberal Government has successfully secured the agreement of Trafigura Group, the new majority owner of the Port Pirie lead smelter, to repay the remaining $262.125 million…
DetailsThe Marshall Liberal Government has announced it has reached an agreement with the Hon John Darley MLC to further amend its land tax reform package in exchange for his support for the passage of the amended bill this week. Treasurer Rob Lucas said Mr Darley had made it clear to the Government that he wanted further amendments to…
DetailsSouth Australia is the only state in the nation to record ‘above trend’ economic growth, according to independent analysis by ANZ Bank, with the fast-tracking of major SA road and rail infrastructure projects set to create more jobs and drive further investment. The ANZ Stateometer survey – released last night – shows that while momentum in SA slowed during…
DetailsThe Marshall Liberal Government has announced it has approved Boxing Day retail trade in the suburbs again this year, following the “roaring success’’ of historic post- Christmas sales across Adelaide in 2018. More than 130,000 people flocked to suburban retailers on Boxing Day last year, in addition to the CBD, with retail sales in the suburbs almost trebling (an increase…
DetailsIn a South Australian first, retailers across the Adelaide CBD and suburbs will be given the opportunity to trade until midnight on Friday, November 29 to capitalise on the burgeoning popularity of ‘Black Friday’ sales. Treasurer Rob Lucas has granted the Ministerial exemption under section 5 of the Shop Trading Hours Act 1977 in response to strong demand from consumers…
DetailsUnion boss grinches within the Australian Education Union have forced an Adelaide primary school to reschedule its popular twilight end-of-year Christmas concert to the middle of a working day, denying many working parents and grandparents the opportunity to watch their children perform. The “outrageous, mean-spirited” action is part of state-wide work-to-rule bans being encouraged by the union bosses as part of…
DetailsThe Marshall Government has made further amendments to its Land Tax Reform Bill, which will deliver an extra $20 million in savings for SA investors over the next three years. The amendments to the Bill – which is now supported by the Property Council of South Australia – increase the top threshold to $1.6 million…
DetailsSouth Australia’s Spring property market is blooming with auction clearance rates this month at their highest level in 19 months. Data released by the Real Estate Institute of SA shows auction clearance rates last week (October 13) hit 78% – compared with 53% at the same time last year – and the strongest performance since just before the March 2018…
DetailsIn the interests of transparency and accountability, I would like to update the house on the government’s response to the State Coroner’s Finding of 1 November 2018, following the Inquest into the death of Mr Castillo-Riffo. Mr Castillo-Riffo was fatally injured whilst performing patching work from an elevating work platform, or EWP, at the new Royal Adelaide Hospital construction site…
DetailsThe Marshall Liberal Government has introduced into State Parliament its Land Tax (Miscellaneous) Amendment Bill 2019, to deliver a fairer, more equitable tax system in SA, drive increased business investment and save South Australians $70 million in land tax over three years. Treasurer Rob Lucas said the Bill confirmed the Government’s major policy intentions of reducing the overall amount of land…
DetailsThe State Government has moved to correct some of the confusion, myths and falsehoods being perpetuated by its opponents about its revised land tax reforms, with many South Australians being wrongly led to believe they are going to pay more tax as a result. The Government’s Land Tax (Miscellaneous) Amendment Bill 2019 will be introduced…
DetailsIncreasing numbers of South Australians are achieving the great Australian dream of home ownership, with the number of First Home Owner Grants paid so far this financial year at its highest level in five years. In the first three months (July, August and September) of 2019-20, a total of 887 individuals or couples were paid the First Home Owner Grant…
DetailsThe Marshall Liberal Government has welcomed the latest Deloitte Access Business Outlook which paints a positive picture of South Australia’s economy, underpinned by strong export and commercial construction sectors and buoyed by near-record jobs growth as well as a massive surge in the number of people willing to work. In fact, the national report – released today – says SA…
DetailsAdelaide’s residential property market is a rising star and outperforming all other mainland capital cities – including Sydney, Melbourne and Brisbane – in terms of stability, according to independent analysis by national valuer Herron Todd White (HTW). The HTW national property clock for October, which rates markets based on sales activity and growth, shows Adelaide’s market is rising towards the…
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