Australia's 3rd Largest Economy

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  • 19-Feb-2021 15:07 | Tracy Dawson (Administrator)

    Canterbury Bankstown is evolving with Bankstown CBD, a strategic central Sydney location being just 30 minutes from Sydney’s other major centres, emerging as ‘The Place of Opportunity’.

    With a strong focus on environmental sustainability, and smart technology, Bankstown is being positioned as a new generation health and education precinct currently being driven by the construction of a world class university, new billion dollar hospital, and key metro connections.

    Join Council for an exclusive preview of what’s planned next for the City, with the soon to be released Draft Bankstown and Campsie Masterplans, our long-term draft Economic Development Strategy, and our draft Night time Economy Action Plan.

    A flythrough video will showcase the vibrant precincts and the multi-million dollar investments that are expected to spring up, in and around our town centres. The amazing transformation is just a small part of what will undoubtedly position Canterbury Bankstown, as the City to live and do business in.

    This event is proudly supported by the City of Canterbury-Bankstown and Bankstown Sports

    Event Details

    Date: Friday, 19 March 2021

    Time: 12:30 pm – 2:30 pm AEDT

    Location: Bankstown Sports, The Ballroom, 8 Greenfield Parade, Bankstown

    Bookings: Click here to book your ticket

  • 19-Feb-2021 14:56 | Tracy Dawson (Administrator)

    Liverpool approved more than $1 billion of development applications in 2020 – the fourth consecutive year the total has topped the mark.

    The $1.34 billion in approvals for the city was led by more than $800 million of regionally significant buildings.

    Mayor Wendy Waller said the momentum was being driven by Council’s decision in 2018 to rezone the 25 hectares of its city centre and Liverpool’s projected population growth to 300,000 by 2030.

    “Significantly in 2020, construction of more than $96 million of Affordable Rental Housing was approved, to further contribute to the existing supply of accessible housing for the community,” she said.

    The largest developments approved in 2020 were:

    • $105 million: 35-storey mixed use development on Elizabeth Street in Liverpool CBD;
    • $95.4 million: Multi-storey warehouse complex at Prestons (6km west of Liverpool CBD);
    • $93.5 million: Liverpool Westfield entertainment and leisure precinct and office tower on the CBD’s Macquarie Street; and
    • $100 million: A mixed use development of 14-storey and 20-storey residential towers on Bathurst Street, also in the CBD.

    Work also began in 2020 on the city’s biggest commercial redevelopment, Liverpool Civic Place, a partnership of Council and Built Development.

    Council’s $195 million contribution will deliver it:

    • New Council offices and Council Chambers;
    • A new city library and community hub;
    • A childcare facility;
    • A new civic plaza; and
    • Council and public parking.

    Construction completion is scheduled for late 2022 or early 2023.

  • 18-Feb-2021 17:39 | Tracy Dawson (Administrator)

    Vaccine rollout will ease pressure on the Australian and world economies.

    Australia is one of just five nations – Taiwan, China, Vietnam, New Zealand and ourselves – who enter 2021 very well-placed. To be clear, although the damage of 2020 is winding back fast, it definitely hasn’t disappeared, and it will linger. Then again, a bit of perspective is handy. Australia is positioned for recovery provided vaccine rollout begins as announced, outbreaks remain contained and state borders stay mostly open. You’d rather be here than almost anywhere else. Learn more

  • 17-Feb-2021 10:36 | Tracy Dawson (Administrator)

    By Brilliant Digital 

    You’ve no doubt heard that Google is threatening to make its Search Engine unavailable in Australia.

    They are unhappy about a proposed government bill which will control how much Google and other tech giants have to pay for professional news articles shared on their platforms.

    Similarly, Facebook is also vowing to stop Aussie users from posting or sharing news links if the proposed bill becomes law.

    Of course, if Google does disappear from our screens, Aussies will find other ways to search online (Bing, DuckDuckGo, Yahoo etc) and our world will keep turning.

    In turn, this will open the flood gates for other governments to play hardball with the tech giants, probably something Google doesn’t want.

    So, it seems to me unlikely that Australia will find itself without Google.

    But say they do go, what opportunity opens up for us? Click here to find out.

  • 17-Feb-2021 10:15 | Tracy Dawson (Administrator)

    By Blacktown City Council

    The current pandemic has brought into stark relief the exposure of local businesses to the effects of this major public health shock.

    The response by most local councils has been to support local business and help minimise the negative effects of the pandemic on their businesses and move forward.

    This situation has highlighted to many of us in local government the strengths and weaknesses of our local economies. It has also indicated how we may need to learn more about how our local areas function as part of the broader system of the Australian economy.

    The current situation

    At present, Blacktown City Council is served well by different layers of data sets provided by data gathering/data analytic services. This data covers areas such as:

    • economic indicators
    • economic value
    • local employment
    • businesses
    • industry focus
    • journey to work
    • local and resident workers
    • market profile.

    This information creates a good structure to explain the size of the economy and businesses, industry sectors which create local jobs, levels of output, value added activities and local sales.

    The problem

    This is good information. However, it’s historical and based on data generated in some cases 12 months or more ago. We do not know what is currently happening in the economy in sufficient detail.

    This is important, because during the current COVID-19 pandemic, our local businesses have been significantly affected by the changing local economic conditions brought about by random outbreaks of the disease. There have been very few metrics to measure what’s been happening in our local economy during this period. What information has been available has tended to be anecdotal and selective.

    Big data project

    Blacktown City’s preference would be to know what is happening in real time, so that our limited resources can be prioritised. We need to target our activities and maximise the return on our service and optimise the beneficial effects of Council’s engagement with our local business community.

    A solution

    Council wants to know the movements of money around our local economy. We want to find out at any one time:

    • the business cohort which generates revenue
    • where revenue is spent
    • what revenue is spent on, such as wages and investment
    • how much created wealth leaks out of the local economy.

    The concept would be to create a desktop dashboard and use access to financial information to generate data trends. Council would not want access to individual data. We are more interested in the information created by data from the different business cohorts across our City.

    The challenge is to:

    • to create the algorithms which can identify and select financial data in a useable format
    • have legal access to this financial data
    • be able to translate that data into positive actions by local government.

    This project is emerging out of some blue sky thinking.

    We’re beginning to form a project team to understand the technical challenges and conditions of access for gathering such data.

    If you are interested in finding out more, or being part of a solution to the ‘big data’ challenge, please contact David Somerville at

  • 16-Feb-2021 14:22 | Tracy Dawson (Administrator)

    Western Sydney International (Nancy-Bird Walton) Airport has revealed it is exceeding its local employment target two years into the project, with 54 percent of the workforce building Sydney’s new airport from the local community.

    Western Sydney Airport Chief Executive Officer Simon Hickey said more than half of the airport team are from Western Sydney, almost double the construction phase target of 30 per cent.

    “Western Sydney International is being built to be a catalyst for jobs and opportunities in Sydney’s west, so we’re proud that just over two years into the seven-year build, more than half of the team are local,” Mr Hickey said.

    Mr Hickey said the project was still in the earthworks phase, moving more than 25 million cubic metres of earth to prepare the site for terminal, runway and other civil infrastructure construction, including internal roads, utilities and supporting buildings.

    “With terminal construction due to begin by the start of 2022 and the runway soon after, in around two years we’ll be at peak construction, with thousands of people working directly on the site,” he said.

    “The flow-on benefits mean that more jobs will be created so that businesses of all sizes, including small to medium local businesses, can service and supply this massive project.

    “Once the airport is operating, it will mean jobs of all kinds from ground crew, customer service and retail, as well as jobs at the myriad of employers in the on-airport business park and cargo facility.

    “It’s an exciting time for Western Sydney and it’s great that the airport will be an important part of its growth.”

    Mr Hickey said on top of jobs at the airport itself, it will be a catalyst for higher quality employment locally in Western Sydney, meaning fewer people will have to sacrifice three hours a day commuting to work in the east.

    “The generational impact Western Sydney International will have on this region is yet to be fully realised,” he said.

    Work to build Western Sydney International is on schedule for the airport to open to international and domestic passenger and air cargo services in late 2026.

    Western Sydney International has been designed to grow and expand with demand, in stages and over decades, eventually catering for 82 million passengers a year in the 2060s – comparable to Dubai, Heathrow or JFK today – it will become the biggest gateway to Australia.

    The design is thoughtful, with consideration to how tomorrow’s technology will come together with great design, intuitive wayfinding and dedicated customer service to create a fast and easy experience for passengers and airlines.

    Western Sydney International will proudly be the beating heart of a thriving and vibrant precinct supporting growth and prosperity, stimulating new business and investment, and enhancing our state’s, and Western Sydney’s offering on a global scale.

    Click here to learn more about Western Sydney Airport. 


  • 15-Feb-2021 16:12 | Tracy Dawson (Administrator)

    In 2020, businesses across Australia saw disruption from significant factors, including a global pandemic, a shift to remote working arrangements, changes in client demands, and the need to rapidly adopt new business models.

    Just how much has the landscape changed for employers and employees?

    According to a report by The Guardian, 81% of Australians think employees should work from home. 31% continued to work from home in September 2020 (source: ABS).

    However, information from NBER shows that, despite the added convenience, people are now working 4 hours longer each week due to COVID-19.

    On the bright side, 25% of Australian businesses reported increased revenue in December 2020, with 65% of medium to large companies planning to employ more staff from January to March (source: ABS).

    If you're a business on the road to recovery, it's critical to find and hire the right talent.

    According to the Harvard Business Review, an engaged employee is 45% more productive than a worker who's "merely satisfied". The best companies are 20% more productive than the rest, due to the way they acquire, develop, team, and lead their high-quality talent.

    Once you've found suitable talent, it's also a great idea to ensure that the right HR systems and processes are in place. Such checks and balances will make it easy to retain, motivate and develop your top talent while minimising your business risk.

    Want to give your business an HR health check while identifying potential opportunities and risks? Check out ChandlerWoods HR Assessment for Businesses. Take a few minutes to fill out a quick questionnaire and they will provide you with some tailored options that can improve the way your business and HR systems work.

    You can get started here.

    ChandlerWoods is an award-winning HR solutions provider based in Sydney, focused on building growth and maximising ROI for businesses across Australia.

    Stay up to date with ChandlerWoods! Follow us on LinkedIn, Twitter and Facebook.

  • 15-Feb-2021 15:51 | Tracy Dawson (Administrator)

    By Diana Tapp, CEO of World Class Teams

    Do you have managers or leaders in your business? And if you want to transition your people into becoming successful leaders, how exactly do you do that?

    Watch this three-minute video where I take you through the five key distinctions between managers and true leaders.

    Find out why having leaders at all levels of your business is more important now than ever, and how you can fast track that process for yourself or members of your staff in 2021.

    Are you ready for your leaders to become world class?

    Enquire about World Class Teams’ customised in-house Leadership Accelerator program and short courses or enrol in our nationally accredited BSB51918 – Diploma of Leadership and Management with generous funding assistance from the NSW Government for WSBC Members.

    Want to Find Out More About the Diploma?

    • Delivered by Diana Tapp from World Class Teams
    • Download your free Diploma course guide here
    • Click here to submit your Expression of Interest, or
    • Contact World Class Teams on 1300 085 248 or

  • 15-Feb-2021 14:07 | Tracy Dawson (Administrator)

    How do you change behaviours in a small workplace?

    Providing a 'fair go' is part of Australia's cultural DNA, but it is also good for business – if you acknowledge the growing body of evidence from high-profile consulting firms like McKinsey and Deloitte.

    Read more here.

    Macquarie has been providing Business Banking solutions for over 30 years and provides SME clients with tools and strategies to grow and develop their business. You can get regular updates by subscribing to the monthly newsletter, Strictly Business by visiting If you would like to find out more about how Macquarie can support you to take your business further, call Sam McCarthy at our Parramatta office on 0417 518 724 and be connected with one of our banking specialists.

    This information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (“Macquarie”) for general information purposes only. This information does not constitute advice. Opinions expressed are subject to change without notice. No member of Macquarie accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this information.

  • 11-Feb-2021 14:10 | Tracy Dawson (Administrator)

    The Director of Children’s Medical Research Institute in Westmead, Professor Roger Reddel, was recently recognised as an Officer (AO) in the general division of the Order of Australia.

    He was awarded for “distinguished service to biomedical research in the field of adult and childhood cancer and genetics, and to tertiary education.”

    Professor Reddel has been the Executive Director of Children's Medical Research Institute (CMRI), Westmead, since 2007. He wears many hats and has also been: Head of CMRI’s Cancer Research Unit since 1988; Director of CellBank Australia since 2005; Co-Director of ProCan since 2016; and the University of Sydney Sir Lorimer Dods Professor, Sydney Medical School, University of Sydney, since 2007.

    He has been a Fellow of the Australian Academy of Health and Medical Sciences from 2017; a Fellow of the Australian Academy of Science from 2010; a Fellow of the Royal Australasian College of Physicians from 1985; a Senior Principal Research Fellow, National Health and Medical Research Council, 2004-2007; a C J Martin Fellow, National Health and Medical Research Council, 1984-1986; and Fulbright Postdoctoral Fellow, 1984-1985. In addition to his focus on research, he has been a registered Medical Practitioner since 1977.

    Professor Reddel has often been recognised for his dedication to cancer research. He has been a Cancer Council NSW Bicentennial Fellow, receiving the Carcinogenesis Fellowship for 10 years. As well as Program Grants for 10 years.

    Professor Reddel is also the author of more than 250 peer-reviewed articles and book chapters published in various journals including: Nature; Nature Structural and Molecular Biology; Nature Genetics; Nature Biotechnology.

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