ON MONDAY November 25, the PFAS Sub-committee of the Joint Standing Committee on Foreign Affairs, Defence and Trade (JSCFADT) will hold the first public hearing for its inquiry into the Department of Defence’s remediation of per-and poly-fluoroalkyl substance (PFAS) contamination on defence bases.

The chair of the PFAS Sub-committee the John McVeigh MP said the National Centre for Epidemiology and Population Health at the Australian National University (ANU) has been invited to report on work being advanced under its PFAS Health Study.

“The ANU’s PFAS Health Study was commissioned by the Department of Health to examine the potential health effects of PFAS exposure on people who have lived or worked in the areas surrounding RAAF Base Williamtown, the Army Aviation Centre Oakey and the RAAF Base Tindal,” Dr McVeigh said.

Dr McVeigh explained that the epidemiological study utilises blood samples gathered by the government in a free blood testing program for people who had possible exposure to PFAS at/or near these sites. The PFAS research team will use this source for comparison and analysis and release a sequence of assessments over 2020.

“Phase two of the study, now underway, will establish whether rates of diseases, including cancers, can be associated with higher PFAS exposure among people who have lived in the investigation areas, compared to the general population”, Dr McVeigh said.

“The PFAS Health Study is doing essential work to provide up-to-date results based on local information to affected communities, as international research continues.”

The PFAS Sub-committee’s scrutiny follows on from recommendations made to Government last parliament that the Department of Health should review its advice in relation to the human health effects of PFAS and its potential links to certain medical conditions.

The inquiry report, tabled in December 2018, made nine recommendations to address Government’s management and coordination of PFAS remediation and related concerns.

Public hearing details: 

Date: Monday 25 November 2019
Time: Approximately 4:10pm to 5pm
Location: Committee Room IR4, Parliament House, Canberra.

This hearing will be audio streamed live at www.aph.gov.au/live.

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THE long-term stewards of major Australian infrastructure assets will make a $25 billion capital expenditure investment to upgrade and expand their assets over the decade to 2030.

The expenditure will build the value of these investments for millions of industry super fund members by ensuring they continue to deliver the services the community expect for many decades to come.  The expenditure is expected to generate more than 50,000 new jobs over the next decade.

The assets include iconic Australian household names like electricity distributor Ausgrid and the international airports for the cities of Brisbane, Melbourne, Darwin and Adelaide, as well as major seaports such as the Port of Brisbane, Port Botany and Port Kembla.

The new investment aligns with a recent exhortation from Australian Treasurer Josh Frydenberg, who in August called for such measures in preference to share buybacks and special dividends.

IFM Investors CEO Brett Himbury said the investment would drive strong and stable returns for 7 million working Australians invested in the assets through their industry super funds, as well as giving the whole nation a productivity and jobs boost.

“This ongoing capital expenditure is a result of the alignment between the long term time horizon of superannuation money and major critical Australian infrastructure," Mr Himbury said.

"The responsible stewardship of these assets by industry super funds and their partners protects and grows the retirement savings of members. These investments are an investment in the future value of these assets and will increase the productive capacity of the entire country.”

The $25 billion in capital expenditure will fund numerous new projects, including a rail upgrade at Port Botany to continue the shift of freight from road onto rail, new solar generation at Darwin Airport that will support reductions in carbon emissions and reduce energy costs, a new international cruise ship terminal at the Port of Brisbane, and several airport terminal and aviation capacity upgrades across Australia’s growing international city airports.

The additional investment will average over $2 billion per annum through the next decade, exceeding $2.6 billion per annum in 2020, 2021 and 2028.

Over the last eight years, IFM Investors and its partners have supported $8.7 billion in capital expenditure at its major Australian infrastructure assets, including $1.3 billion on the new second runway at Brisbane Airport, at the time the largest private expenditure into airport infrastructure, globally.  

Major new terminals were also built in recent years at Darwin, Adelaide and Melbourne airports and a $110 million road upgrade delivered at Port of Brisbane.

www.ifminvestors.com

About IFM Investors:

IFM Investors is an investor-owned global fund manager with A$152 billion under management as of September 30, 2019. Established more than 20 years ago and owned by 27 major pension funds, IFM Investors’ interests are deeply aligned with those of its investors. Investment teams in Europe, North America, Australia and Asia manage institutional strategies across infrastructure (equity and debt), debt investments, listed equities and private capital. IFM Investors is committed to the United Nations supported Principles for Responsible Investment and has been a signatory since 2008. IFM Investors has offices in nine locations; Melbourne, Sydney, New York, London, Berlin, Tokyo, Hong Kong, Seoul and Zurich. 

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THE Parliamentary Joint Committee on Intelligence and Security (PJCIS) is busy finalising its consideration of the Inquiry into the impact of the exercise of law enforcement and intelligence powers on the freedom of the press.

The chair, Andrew Hastie MP, said, "The Committee has received considerable evidence from submitters and witnesses regarding the media and their ability to operate effectively within Australia’s democratic society. All members are endeavouring to achieve a bipartisan report, which delivers tangible areas for reform and consideration. This will not be possible by the end of November."

The deputy chair, Anthony Byrne MP, said. "As this inquiry has progressed, the complexity and nuances of the issues raised have become acutely emphasised to the Committee. The ability for the Committee to make targeted recommendations is reliant on time, and the Committee would rather report later to ensure that occurs."

The Committee has written to the Attorney-General informing him of the later reporting requirement, with the undertaking to present a report in the week before Christmas at the latest.

Further information on the inquiry can be obtained from the Committee’s website.

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THE Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has welcomed the Federal Government’s new measures announced as part of its Deregulation Agenda and looks forward to working closely with the taskforce on its key priorities.  

“The next wave of deregulation reform, announced by Prime Minister Scott Morrison, is a step in the right direction to make it easier for small businesses to employ staff and invest in growth,” Ms Carnell said.

“A new online checklist providing small business employers with a guide to employing their first worker, along with a commitment to developing a new prototype ‘regtech’ platform, is encouraging. While this may assist small businesses in hiring a staff member, the industrial award system itself remains highly complex and fluid for small business owners to navigate.

“Small and family businesses are crying out for a simplified system, so they can get on with the job of growing their business," she said.

“That’s why my office is calling on the government to develop an algorithm to be integrated into accounting software to make it easier for small and family businesses to pay wages and entitlements correctly and on time.

“The next logical move would be to clarify the Small Business Fair Dismissal Code, to give small and family businesses the confidence they need to employ more Australians.

“We’ve provided the government with our Review of the Small Business Fair Dismissal Code, which recommends a suite of changes to help small business employers meet their obligations," Ms Carnell said.

“It’s also critical the government consults widely as part of the deregulation process, which my office is ready to play an active role in, so the small business community is part of these important discussions that affect them directly.

“Of particular interest is the government’s plan to deal with the degree of regulatory complexity, the length of time for approvals and duplication across levels of government. This has the potential to be a game-changer for Australia’s 2.3 million small businesses and family enterprises.

“We will continue to work with the government to achieve the best possible outcomes for the small business sector.”

www.asbfeo.gov.au

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THE Australian Small Business and Family Enterprise Ombudsman Kate Carnell is calling on the Federal Government to make it easier for hard-working Australians’ wages and entitlements to be calculated correctly and paid on time.

“We want Australian workers to be paid what they are owed, at the right time,” Ms Carnell said.

“While the vast majority of small businesses fulfil their obligations to their employees, the award system itself is overly complicated and fluid, which can sometimes lead to the employer making honest mistakes.

“Of course employers who deliberately flout the law should be punished, but any new penalties for incorrect payments should take the complexity of the system into account," she said.

“It is critical small businesses be given the chance to rectify payment errors, when it’s clear the mistake was unintentional, rather than being automatically penalised. When penalties do apply, they should be proportionate to the nature of the breach. A fine that a large corporation could absorb, could devastate a small business.

“Small businesses are often run by a single person who does everything from management, to IT and payroll. That makes it difficult for them stay on top of award changes within the elaborate industrial relations system.

“Recent media stories of very large and high-profile Australian businesses who employ skilled and experienced HR teams, underpaying staff highlights the complexity of the award system. That’s why my office is calling for simplification of numerous industry awards, to help reduce payment errors and administration costs," Ms Carnell said.

"The rollout of single touch payroll provides an opportunity to calculate award wages and entitlements through an algorithm integrated into accounting software such as Xero, MYOB, Quicken and other software systems. This payment algorithm could be owned and updated by the Fair Work Commission to ensure correct wages and entitlements are correct and up-to-date.

“Finally, small and family businesses should not have to carry any additional administrative burden prompted by new proposals, particularly when they act quickly to resolve any errors that have been brought to their attention.”

www.asbfeo.gov.au

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ENERGY NETWORKS Australia has welcomed the release by the Tasmanian Government of the Tasmanian Renewable Hydrogen Action Plan.

Chief executive officer of Energy Networks Australia, Andrew Dillon, said hydrogen would play an important role in the sustainable energy future.

"Hydrogen can be produced from excess renewable power, providing clean energy that can be stored for when the sun doesn’t shine and the wind isn’t blowing,” Mr Dillon said. “As the energy sector continues to decarbonise and intermittent renewable generation increases, this storage capacity means hydrogen can play an important role in stabilising our energy system.

“Hydrogen technology is already being embraced around the world for domestic and commercial use in gas networks and to fuel passenger and freight trains.”

Mr Dillon said trials of hydrogen production, hydrogen blending into existing networks or exports were underway in every Australian state, with Tasmania’s strategy the latest addition.

“Energy networks are using renewable gases such as hydrogen made from solar and wind power to decarbonise our gas networks,” Mr Dillon said.

A recent update to Gas Vision 2050, released by Energy Networks Australia and the Australian Pipelines and Gas Association, showed that more than $180 million of funding had been committed nationally for hydrogen infrastructure projects.

Energy Networks Australia has previously released research confirming that the injection of hydrogen into Australian gas distribution networks can be done under current gas legislation.

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THE Queensland Resources Council (QRC) has welcomed a $13.8 million five-year Queensland Government package to encourage new discoveries of critical minerals to attract more overseas investment, drive more international trade and create more local jobs and economic prosperity.

QRC chief executive Ian Macfarlane, who is in Washington DC as part of a delegation led by Federal Resources Minister Matt Canavan to further develop the US-Australia trading partnership on critical minerals, said the package announced by Premier Annastacia Palaszczuk was based on consultation with the industry and would hit the right mark at the right time.

“Queensland has globally-significant reserves of copper, nickel, zinc,  graphite, and molybdenum and major deposits of cobalt, rhenium, scandium, tantalum, niobium, lithium, rare earths and vanadium,” he said.

Mr Macfarlane said the funding would including $9 million to unearth more and better geological information to help the industry identify new products and $4.8 million to re-examine old mine tailing and core samples for these minerals.

“These are the key areas QRC and the Queensland Exploration Council urged the Government to focus on and they have delivered.  We thank the Premier, the Deputy Premier, State Development Minister Cameron Dick and Mines Minister Anthony Lynham for the commitment of confidence into this growing sector,” he said.

“We also acknowledge the strong representations from the Australian Workers’ Union to encourage additional investment in exploration.  The AWU, like QRC, knows the investment in exploration delivers the new discoveries and the new jobs,” Mr Macfarlane said.

“Mount Isa itself owes its existence to the discoveries of the lone prospector John Campbell Miles in 1923.  It would be fitting if, through this funding, Queenslanders could welcome major new discoveries to celebrate the centenary of those original discoveries.

Mr Macfarlane said the package followed the government’s earlier commitment to upgrade the Townsville to Mount Isa rail line and commit $80 million to subsidise commercial freight users on the Mount Isa line over four years.

www.qrc.org.au

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NEWMONT Goldcorp Corporation (Newmont Goldcorp) said it looks forward to a long and productive partnership with Saracen Mineral Holdings Ltd. (Saracen) at Kalgoorlie Consolidated Gold Mines (KCGM) in Australia.

Earlier today, Saracen announced an agreement to purchase Barrick Gold Corporation’s 50 percent stake in KCGM. Newmont Goldcorp will remain the operator of KCGM and continue to manage the mine according to its leading policies and standards.

“We congratulate Saracen on its agreement to purchase Barrick’s stake in KCGM and we look forward to partnering with them to continue delivering value at this world-class asset, safely and efficiently,” said Tom Palmer, president and chief executive officer. “KCGM and the Golden Mile offer ongoing growth and value generating opportunities in Australia, which remains a core operating region for Newmont.”

Located in Kalgoorlie-Boulder in Western Australia, KCGM directly employs about 1,250 people and produced 636,000 ounces of gold in 2018. Operations began at KCGM in 1989 and the mine has produced 21 million ounces of gold over the last three decades.

About Newmont Goldcorp

Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.

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