[12 Jun 2013 | No Comment | ]
Business Leadership:  Chobani Founder awarded World Entrepreneur of the Year

Hamdi Ulukaya, founder and CEO of Chobani, has been named the Ernst & Young World Entrepreneur Of The Year® 2013 Award winner. Selected from a group of more than 50 country-winners from across the globe for this honour, Ulukaya was recognised for his disruptive innovation to bring real food to the masses; regeneration of a long-stagnant category; financial success; and personal commitment to building a world-class brand.
“I am deeply honoured to receive this award from Ernst & Young and in the company of such amazing fellow business leaders from around …

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[14 Jun 2013 | No Comment | ]
Market Report:  Seafood, 14 June 2013

Australia’s fisheries are considered amongst the world’s best. With over 100 seafood species to select from snapper to squid, or any weekend special, be assured that Australian seafood is sustainable.
This week’s Best Seafood Buys this week are:

Mirror Dory fillets (NSW) $13.90-17.90 kg
Snapper fillets (NSW) $26.90-30.90 kg
Swordfish steaks (NSW) $22.90-26.90 kg
Barramundi fillets (QLD) $29.90-32.90 kg
Ocean Jacket (NSW) $6.90-9.90 kg
Cooked Blue Swimmer Crabs (NSW) $18.90-23.90
Large cooked Tiger Prawns (QLD) $26.90-29.90 kg
Large Green King Prawns (SA) $19.90-24.90 kg
Blue Mussels (SA & TAS) $6.90-9.90 kg

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[14 Jun 2013 | Comments Off | ]
Sullivans Cove single malt whisky wins another Gold Medal

Sullivans Cove, Tasmania’s super-premium single malt, was recently awarded a gold medal by the Beverage Testing Institute in Chicago. This award, from one of the world’s leading independent beverage reviewers, was given to the distillery’s Double Cask expression. It adds to Sullivans Cove’s list of prestigious international awards, which includes three Liquid Gold Awards from Jim Murray, and “Best Australian Single Malt” from the World Whisky Awards in London.
The Tasmanian whisky industry has seen very strong growth over the past two years and there are now eight functioning distilleries on …

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[13 Jun 2013 | Comments Off | ]
Accommodation Industry employment numbers drop

Almost half of Australia’s accommodation industry has reduced staffing levels as a direct result of increased labour costs in the current financial year.  This is one of the key findings from a major survey of industry operators which has been conducted by the Accommodation Association of Australia.  The top-line findings from the survey, which was completed by more than 200 businesses in the accommodation industry, were:

More than 45 per cent of respondents have reduced staffing levels because of increased labour costs in the 2012/13 financial year;
Almost 40 per cent of …

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[13 Jun 2013 | No Comment | ]
ATO Starts New Data-Matching Projects

The Tax Office continues to roll out its data-matching programs and just received a $78 million cash infusion from the recent budget to help it beef up its high-tech capabilities and increase the number of individuals and businesses it discovers are dodging their tax obligations.
The increased policing of tax avoidance augments other measures the Tax Office uses to collect revenues lost to tax fraud such as its Wickenby investigations that focus on offshore accounts.
According to budget papers, the money earmarked for data-matching will be used to strengthen reporting systems for:

taxable …

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[12 Jun 2013 | No Comment | ]
Coles accused of false, misleading and deceptive bakery claims

The ACCC is alleging false, misleading and deceptive conduct in the supply of bread that was partially baked and frozen off site, transported to Coles stores and ‘finished’ in-store. The products were then promoted as ‘Baked Today, Sold Today’ and/or ‘Freshly Baked In-Store’ at Coles stores with in-house bakeries.
The legal action covers various ‘Cuisine Royale’ and ‘Coles Bakery’ branded bread products. The ACCC alleges that labels on these par baked products stating ‘Baked Today, Sold Today’ and in some cases ‘Freshly Baked In-Store’, and nearby prominent signs stating ‘Freshly Baked’ …