The latest Business Conditions Survey conducted by the state’s peak business organisation, the NSW Business Chamber, supports the need for additional stimulus to bolster economic activity, particularly in drought affected areas of NSW.
The survey highlights that many businesses across the state have been doing it tough, however there are preliminary signs that businesses think tax cuts and interest rate reductions will provide a welcome boost.
The survey was conducted following the recent State and Federal Elections.
“The impact of the drought cannot be overstated and is continuing to hurt businesses right across the state,” said NSW Business Chamber Regional Manager, Kellon Beard.
“In the Mid-North Coast and Coffs-Grafton area, business conditions remain weak, but fortunately, they’re not as bad as the previous quarter.” Mr Beard said.
“In fact our survey also shows businesses are hopeful conditions might improve in the next quarter - driven by an expected lift in revenue following on from what was a terrible March quarter.
“In part that could have something to do with the tax cuts the government said it would provide and perhaps also because of a drop off in anti-business rhetoric following the election outcome.
“The downside is that business don’t expect that lift in revenue to boost profit growth – mainly because operating costs are expected to surge again.
“While there are tentative signs business confidence could improve over the next quarter, the reality for government is that these expectations are fragile.
“So the NSW Government really needs to get on with the delivery of infrastructure, particularly infrastructure promised to regional NSW.” Mr Beard said.
What a fabulous evening we had at the Wauchope Chamber of Commerce and Industry June catch up at Wauchope Physiotherapy and Sports Rehab Centre! Lots of new faces, loads of interesting facts and fun, learning about "getback", the new system on offer (only at Wauchope Physiotherapy and Sports Rehab Centre) to reduce chronic back pain. Thanks the Kerry for volunteering to demonstrate one of the machines. Thank you to Nathan Lynch for having us!
The state’s peak business organisation, the NSW Business Chamber, says the Budget brought down by Treasurer Dominic Perrottet delivers on commitments taken to the electorate earlier this year, despite weaker than expected stamp duty and GST receipts.
An operating surplus of $802 million is projected for the current financial year, down significantly from earlier expectations, with surpluses expected to average $1.7 billion out to 2023.
“This is, yet again, a solid financial blueprint from the Berejiklian Government,” said NSW Business Chamber Chief Executive Stephen Cartwright.
“For the fourth year in a row net debt is in negative territory despite record infrastructure spending,” Mr Cartwright said.
“It’s important to note how far we have come in building such a solid position, and despite some economic headwinds, NSW continues to enjoy the strongest performing labour market in the nation, and by some margin.
“Importantly, this Budget turns election commitments made in March into reality – repaying the faith that the electorate put in the Premier and her team when they went to the polls.
“While the Budget forecasts slower growth over the next year, $93 billion in infrastructure spending will help to take up some of the slack in parts of the economy that are facing headwinds.
“Changing fiscal conditions present a timely opportunity to examine the sustainability of state finances.
“More than any other state, NSW relies on revenue from harmful taxes such as stamp duty, which comes with $800,000 in economic costs for every million dollars of revenue collected.
“It is good to see the Treasurer has taken the lead by launching a review of Federal financial relations from a NSW viewpoint – something that has long been called for by the NSW Business Chamber.
“The drought is a clear focus in this Budget and, as the NSW Business Chamber’s Drought Survey revealed, the impacts of this natural disaster are being felt in all communities as supply chain payments and discretionary spending have been dramatically reduced.
“As well as tangible drought assistance, regional NSW will receive more than $1 billion to fix roads and bridges - important infrastructure commitments that benefit the community and can help to save lives.
“The Government continues to build on its commitment to education and training, with a record $21 billion for NSW schools, early education, TAFE and vocational education and training.
“This includes a commitment to provide 100,000 fee-free VET courses, funding to expand the highly successful Productivity Bootcamp youth training model to two new locations, and a much needed new TAFE campus in Western Sydney focussing on construction skills.
“All of these initiatives are in line with its commitment of creating 250,000 new jobs over the next four years.
“Despite no major announcements beyond the Government’s stated election commitments, investment in public transport and road projects remains at unprecedented levels. It is now important that the Government ensure the effective and efficient delivery of this infrastructure across the entire state.
“With $6.4 billion committed to accelerate the delivery of Sydney Metro West it is clear the Federal Government needs to come to the party to accelerate this game changing project for Sydney”
“In the lead up to the March election, the NSW Business Chamber prosecuted the case for the next Government in NSW to Keep NSW Number 1. This Budget does just that,” Mr Cartwright said.
Thank you to the Stone Family and Billabong Zoo staff for hosting our first catch up of 2019 for Wauchope Chamber Members and guests!
Thank you to Billabong's Chef Kathy who put on a scrumptious spread for us all. Networking and nibbles were followed by an update of Chamber happenings and local issues.
Mark Stone then shared an update on the amazing things happening at the Zoo! While we can now see the transformation inside the entry hall and cafe, Mark shared that he can't wait to get stuck into the external improvements they have planned.
Billabong Zoo enjoys a strong reputation on the tourism scene. Mark highlighted the team would love to see more locals come and visit the animals or just enjoy a meal at the cafe. So if you haven't been in to say hello for a while, now is the time to get to it!
Thanks again to Mark, Kathy, Brooke, Lionel,and Kathy (chef) for making it all happen for us to come visit~!
The state’s peak business organisation, the NSW Business Chamber, fears that the move by Labor to restore ‘double dipping’ for casuals could be a sign of things to come if a Shorten Government is elected in May.
This follows a motion put by Labor’s Doug Cameron in the Senate yesterday, which would restore the rights of casual workers to claim annual leave entitlements despite having already been paid a causal loading for the exact same reason.
Even more terrifying for Australia’s 2 million small and medium businesses is the risk that this Labor Party motion could open the door for back pay claims going back six years, potentially exposing small and family businesses to crippling claims.
“Mr. Shorten was a union leader once, and he would have cut his teeth in a system that was always designed to ensure fairness to all parties in our workplace relations system,” said Mid North Coast NSW Business Chamber Regional Manager, Kellon Beard.
“It is an Australian value that we hold dear, not to rip someone off, as we all saw in the recent Banking Royal Commission, and clearly using a loophole in the Fair Work legislation to allow a worker to get paid twice for the same entitlement is not what Australians stand for,” Mr. Beard said.
“If this becomes the law, it could send thousands of small business owners to the wall, and see their employees, both permanent and causal, out of work.
“Small business owners symbolise our proud history of ‘having a go’ and they try to do the right thing, but we can’t keep making it more difficult for them to create jobs for other Australians.
“This proposed change would have a very destructive effect on the Tourism and many other industries on the Mid North Coast.
“The Mid North Coast already has a higher unemployment rate than the state average with significant youth unemployment problem so the question is, how is this policy going to help? It isn’t is it, it’s obviously just going to make things worse
“Our local business community is already being crunched by high costs – electricity costs surge higher by the day, they’re being crunched by drought, we’ve got State Labor threatening to lift payroll taxes and now Federal Labor wanting to make it harder to employ people as well.
“We need to help business employ and help our young people get jobs – not sentence them to long-term unemployment and poverty
“The role of any Federal Government, regardless of the party in charge, should be to make it a better country for all of our citizens and not just about trying to appease the ACTU,” Mr. Beard said.
February 15, 2019
Council is currently seeking community input on a proposed Orbital Road for Port Macquarie. This proposed road is an important long-term solution to reducing traffic congestion and addressing our region’s future transport needs.
The proposed Orbital Road consists of the collective East-West Link (Ocean Drive to Oxley Highway), the North-South Link (Oxley Highway to Boundary Street) and the flood-free Primary Airport Access Road. It is a new approach to improving the road network in and around Port Macquarie and will improve connectivity to key destinations including the Health and Education Precinct, the Airport and the Regional Sports Stadium.
Session 1 – Saturday 2 March,
11am – 2pm - Westport Club – Hastings Room
Session 2 – Tuesday 5 March,
11am – 2pm - Emerald Downs Community Centre
Session 3 – Tuesday 5 March,
5:30pm – 8:30pm - Westport Club – Hastings Room
Session 4 – Saturday 9 March,
11am – 2pm - Emerald Downs Community Centre
Session 5 – Tuesday 12 March,
11am – 2pm - Westport Club – Hastings Room
Session 6 – Tuesday 12 March,
5:30pm – 8:30pm - Westport Club – Hastings Room
You can attend the drop-in sessions at any time during the set three-hour period to learn more about the project and meet with our technical and community engagement teams’, who will be available to answer questions.
If you are unable to attend one of the drop in sessions, you can learn more about the Orbital Road project on our website at haveyoursay.pmhc.nsw.gov.au/orbital-road. Here you will find a range of project information including the proposed Orbital Road Feasibility Study, frequently asked questions, maps, fact sheets and a project information brochure.
We also encourage you to complete our online survey and to submit any feedback via the website.
Your feedback is important to help us make the best possible decisions about the next steps for this important project that will support our growing community.
For more information and to complete the online survey visit haveyoursay.pmhc.nsw.gov.au/orbital-road
Holiday Coast Credit Union take your financial security seriously. SCAMS come in all shapes and sizes and as identified by the ACCC ‘the best way to protect yourself is through awareness and education’.
The Little Black Book of Scams is recognised internationally as an important tool for consumers and small businesses to learn about scams including:
Download ACCC's "The Little Black Book of Scams" (PDF 469.2KB)
Large and small business owners are invited to have their say on Commonwealth Government’s new business payments reporting scheme to encourage fairer and faster payment times for small businesses.
The Department of Jobs and Small Business is undertaking a national consultation process, and an online workshop for small business stakeholders. The workshops will be held in Perth (19 February) Sydney (20 February), and Melbourne (21 February), from 9am – 11am each morning.
Online consultation for small businesses: small businesses, including those in regional areas, can join an online consultation workshop from 6pm – 9pm on the 21st of February. Participation will take approximately one hour, and businesses can join at any time in the three hour period.
Business owners and others interested in the reporting scheme are invited to share their views on how the framework would best work. The Department of Jobs and Small Business is particularly interested in hearing from large and small businesses in regional areas, and data users such as business software providers and credit reporting agencies, because this feedback will help develop the best possible reporting scheme to encourage fairer relationships between large and small business.
To register for updates on the consultation process or to view the discussion paper on the Payment Times Reporting Framework, please visit www.jobs.gov.au/PaymentTimes or email PaymentTimes@jobs.gov.au.
A discussion paper on the options for how the payments information will be collected and reported each year is available at www.jobs.gov.au/PaymentTimes.
Australia Day is a day for all Australians, no matter where our personal stories began. It’s the day to celebrate our diversity and the values that we share as the Australian community.
We've planned a day of celebrations across the region this Australia Day with a number of family friendly activities happening in Port Macquarie, Wauchope and the Camden Haven.
Laurieton, North Brother Mountain, from 7.30am
View the Program of Events here
Wauchope Showground, from 8.00am
Port Macquarie, Town Green, from 8.00am
For more information visit pmhc.nsw.gov.au/AustraliaDay
Want to see how well you know your Aussie Slang? Have a crack at the ultimate Australia Day Quiz at australiaday.com.au
The state’s peak business organisation, the NSW Business Chamber, believes proposed regulations being introduced by the Federal Government to prevent ‘double dipping’ by casual workers will be met with relief by business owners across the country.
“I commend the Government for addressing the absurd situation where employees can double dip by receiving a casual loading in lieu of annual and personal leave, and then receive those exact same paid leave entitlements as well,” said NSW Business Chamber Regional Manager, Kellon Beard.
“These new regulations are a victory for common sense,” Mr. Beard said.
“It is disappointing that the Government was not able to obtain bi-partisan support for a legislative solution to address all of the problems arising from the recent Workpac v Skene decision.
“Without the new regulations, we are left with Fair Work laws that are not fair and do not align with the reality of casual employment in the modern workforce.
“Many employers engage casuals to meet operational demands of their business, and many employees choose to be engaged as casuals so that they receive their 25% casual loading. Many of these consensual arrangements, which have operated in practice for decades, now carry the risk of landing employers with a double whammy.
“It’s why the NSW Business Chamber recently proposed the idea of introducing a new category of worker, a perma-flexi, which allows casual employees to be engaged on the same flexible basis as they always have been, but with leave entitlements being provided in exchange for the payment of a 10% loading.
“It is staggering that the ACTU continues to argue against the proposed flexible category of employment, when the Chamber’s proposal gives casuals the option of obtaining the employment security and benefits that the ACTU has been publicly calling for,” Mr. Beard said.
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