Date posted: 14/12/2017 3 min read

Tasmanian Regional News December 2017

Hear about the latest news and upcoming events from Tasmania.

In brief

  • Chair of the Tasmanian Regional Council and Deputy Regional Manager's reports
  • Last month's events and activities

Chair of the Tasmanian Regional Council - Paul Breen

Amazon has finally arrived in Australia after months of discussion and anticipation. Depending on who you talk to, the arrival of the US e-commerce giant is either going to completely transform and change the Australian marketplace depending on who you talk to, or result in the death of community, culture and our way of life as we know it.

Amazon is valued at US $560 billion and the main appeal is their service delivery and pricing, which they use to undercut competitors. Their Australian rollout will be gradual, with key aspects not having Australian release dates yet, such as their digital streaming arm “Amazon Prime” and supermarket arm “Amazon Fresh”. Their impact on the Australian marketplace will not be fully known for some time, making it difficult for local retailers both large and small to adapt in a rapidly changing economy. 

Another key development in the last few weeks is the Government’s announcement of a Royal Commission into the banking sector. It’s an issue that’s been bubbling along for years since a Federal Senate Committee report in 2014 following the Commonwealth Bank financial planning scandal followed by more suspicious activity within their insurance arm as well as similar red flags at ANZ, NAB and Westpac. Former High Court Judge Kenneth Hayne now has the unenviable job of looking into misconduct within the financial services sector as a whole including banks, wealth managers, superannuation and insurance providers. He is due to hand in his final report by February 2019.

The Tasmania Report was successfully launched on December 11th, and we are excited to work with Government and industry to take on the challenges and opportunities that lie ahead for the Tasmanian economy.

I would like to thank the members of the Tasmanian Regional Council for their support this year and I look forward to working with you all in 2018.  On behalf of the Tasmanian Regional Council, I would like to take this opportunity to wish you all a Merry Christmas and a prosperous and successful 2018.

See you in the New Year.

Paul Breen

Deputy Regional Manager - Andrew Quinlan

Our recent meeting with the Tasmanian Shadow Treasurer, The Hon Scott Bacon MP at Parliament House was a great success. Our Tasmanian Regional Councillors tabled and discussed a range of important issues for our members and the wider community including Tasmania’s Education pipeline, the state of Small Business in Tasmania, Digital vs Traditional economies and the role of Chartered Accountants in providing advice to Tasmanian business and consumers.

As Paul mentioned, the launch of the Tasmanian Chamber of Commerce & Industry’s 2017 Tasmania Report on 11 December was another great success. Saul Eslake summarised Tasmania's economic performance over the past year, longer-term economic challenges, labour market, housing market, population and society, education system, public sector, regions and priorities for the next Tasmanian State Government.

This is the 3rd year we have supported the launch of the Tasmania Report which is closely aligned to our future[inc] thought leadership series which provides a detailed analysis of Australia’s economic policy debate and seeks to encourage discussion around how we plan for our long-term prosperity.

Thank you to all our members for your support of CA ANZ during 2017 and we look forward to seeing you and working with you throughout a prosperous 2018.

Andrew Quinlan CA

Deputy Regional Manager – Victoria & Tasmania

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