From the editor
As we enter the latter part of the decade, it is clear that the one thing that is most predictable is that the rate of change will increase.
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The rise of Malcolm Turnbull to the position of Prime Minister has been met with fragile optimism by much of the business community with the hope that the change will help raise confidence and help strengthen the Australian economy.
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The Australian economy is currently in a dangerous position.
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As regular readers would know, I don’t always agree with politicians but I must congratulate NSW Premier Mike Baird for having the bravery to bring up the subject of changes to the GST.
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The NSW Budget handed down in June has been generally well received by business, a focus on infrastructure, jobs, housing, health and education.
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The passing of the legislation for the partial lease of New South Wales’ power network will provide a much needed boost to the $20 billion Rebuilding NSW fund to build infrastructure
across the state.
FROM THE EDITOR
CEDA (the Committee for Economic Development of Australia) has released an important document entitled A Federation for the 21st Century.
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The Hunter has benefited from the coal industry for many decades and will continue to do so for the foreseeable future, however, it seem unlikely we will ever reach the heights of the early part of this decade when thermal coal reached over $130 per tonne.
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In our ever increasingly technology-driven world, it should be obvious to everyone that STEM will be vital to Australia’s future prosperity.
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The Business Council of Australia has released an interesting paper entitled Building Australia’s Comparative Advantages which details what it will take to build a strong, innovative, globally competitive economy for the future.
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