Reasons to invest Queensland Australia
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Queensland Australia Reasons to invest
Queensland AUSTRALIA Getting started
Contact our specialist team and make Queensland your
Be part of our opportunity opportunity for business, trade and investment.
Our global network of Trade & Investment Commissioners and Regional
Trade & Investment Queensland Advisers have extensive knowledge of the Queensland investment
Queensland offers investors endless opportunities across a environment and substantial experience helping international investors
range of sectors. These opportunities come from our unique invest in and work with companies in Queensland.
combination of a resilient and diverse economy, pro-business We look forward to assisting you in becoming a part of Queensland’s
government, solid growth forecast, highly skilled workforce and enviable lifestyle, pro-business climate and economic success.
a strategic Asia-Pacific location. This unrivalled accessibility
connects us to our Asian trade neighbours, established Being positioned on the north-eastern perimeter in a compatible
international markets and rapidly developing investment time-zone with Asian countries and other international destinations
hot spots. makes the state a preferred location for doing business during
normal business hours with those in the same time-zone.
Trade & Investment Queensland (TIQ) is the Queensland
Government’s dedicated global business agency with a charter to
help potential investors find and take advantage of the endless
Our honour board
opportunities this great state offers. With its headquarters in Queensland has attracted a diverse range of multi-national
Brisbane, TIQ has representation in 14 markets across the world companies from interstate and overseas, including:
and in key regional locations.
• Antofagasta • Komatsu
What we do • Adani Mining • Ludowici
We understand the complexities of investing and provide the • Alphapharm • Nepean
information required for you to make good investment decisions • Arium • Newcrest Mining
in a coordinated approach that saves investors time and money. • Barrett Burtson • OHL
Our specialist investment team provides a range of business Malting Company • Petrofac
and investment services to interstate and international • Boeing Australia • Primo
investors including: • Boral • Qantas
• detailed industry knowledge about business costs • Budget Direct • Raytheon Australia
• preparing business cases • Caterpillar • Red Hat
• Cement Australia • Right at home
• arranging site visits
• Clough Projects • Rio Tinto
• introductions to industry and service providers
• Cochlear • Salini Spa
• government liaison • Conymet Duratray • Sanofi
• market intelligence • CSR • Schlumberger
• partnering with local councils, economic development agencies and • DHL Global • Seibe Gorman
private service providers to identify ‘investment ready’ projects. • Downer Rail • Smiths Snackfoods
TIQ also works closely with businesses and investors to maximise • EADS Australian Aerospace • SNC Lavalin
business and trade opportunities arising from international • EGR Plastics • Vale
events like the G20 Leaders Summit and the Gold Coast 2018 • Enerflex • Virgin Australia
Commonwealth GamesTM to ensure that Queensland’s products
• GE Mining • Visy
and services are prominently showcased to the world.
• Hatch • Volvo
• Hitachi • Youi
• IBM • YOUR COMPANY HERE
• Iplex Pipelines
2 Queensland AUSTRALIA | Reasons to invest
How we work
Raw materials
and supply
chain
Transport
and logistics
State and
federal
government
Investors
TIQ
• Business case preparation
Research and
• Project facilitation and development
arranging site visits collaborations
• Making introductions
to industry and services
• Government liaison
and guidance
Identification
of ‘investment-
ready’ projects Real estate
Skills and
recruitment Regional
councils
Industry
Infrastructure
bodies
and utilities
All dollar values are AUD unless otherwise denoted.
Queensland AUSTRALIA | Reasons to invest 3
Home
Significant to 25% of
World’s largest
reserves of Australia’s
exporter of
proven and aviation and
seaborne coal
probable CSG aerospace
Opportunity to be businesses
part of something big
For more than 20 years, Queensland has led Australia’s economic
growth. Our internationally-renowned agriculture, construction,
resources and tourism industries are complemented by dynamic
and growing knowledge intensive and enabling industries.
These include: EUROPEAN TIME ZONE ASEAN TIME ZONE AMERICAN TIME ZONE
European Markets Asia Pacific Markets North American Markets
• aviation, aerospace and defence
• food and agribusiness
• biotechnology
• digital economy
6pm Brisbane* 12noon Brisbane* - 10am Tokyo 9am Brisbane* - 5pm
- 7am London New York
• advanced manufacturing and
WORKING DAY
Operating environment Gross state product by state
2001-02 to 2012-13
The business operating environment in
Queensland is also cost competitive.
Queensland offers many advantages
Australia* 3.0
to businesses looking to invest and/or
establish a presence in the state:
• lowest payroll tax rate of in Australia
Queensland 4.0
• economical commercial and industrial
property costs
• skilled workforce and access to Victoria 2.6
world-class training
• low workers’ compensation premiums
New South Wales 2.1
• pro-business government
• sophisticated transport and
communications infrastructure 0 1 2 3 4 5
Average annual compound growth rate
• strong private sector investment
• stable economic and political systems Source: Australian Bureau of Statistics. *Gross domestic product.
• enviable lifestyle.
Strong economy Resilience to economic cycles
May 2013
Queensland’s economy continues to
perform strongly at both a national and Switzerland 7.56
international level, with its growth rate
Germany 7.17
among the strongest in Australia. On
average, annual growth in Queensland’s Australia 6.79
economy outperformed the major advanced
economies over the last 20 years, including USA 6.63
the United States, the United Kingdom, Japan 6.30
Japan, France, Germany, Italy and Canada2.
Canada 6.30
The state’s reputation for excellence is
complemented by Australia’s international Hong Kong 6.25
reputation for resilience and foreign
China Mainland 6.25
investor confidence. Australia is one of only
four countries to be consistently rated as Singapore 6.00
one of the 10 most resilient economies by
the Institute for Management Development United Kingdom 5.44
World Competitiveness Yearbook.
0 1 2 3 4 5 6 7 8
Average resilience score
Note: the higher the score the more resilient the economy to economic cycles.
Source: Institute for Management Development
2 Source: Queensland Treasury and Trade; IMF World Economic Outlook 2014.
Queensland AUSTRALIA | Reasons to invest 5
$175b
development and
infrastructure
projects
Opportunity to invest
Ease of doing business Australian payroll tax rates
The World Bank’s Doing Business 2013 Report ranked Australia State Concession (per annum) Basic flat rate
10th overall out of 185 economies for ease of doing business and
Queensland first $1,100,000 exempt 4.75%
2nd for ease of establishing a business - taking an average of just
two days to start a business. Victoria first $550,000 exempt 4.90%
Cost advantages South Australia first $600,000 exempt 4.95%
Queensland’s low business cost environment benefits from New South Wales first $750,000 exempt 5.45%
continual government regulatory reform creating an attractive
Western Australia first $750,000 exempt 5.50%
investment environment.
Northern Territory first $1,500,000 exempt 5.50%
Benefits include:
Tasmania first $1,250,000 exempt 6.10%
• lowest rate of payroll tax in Australia
Source: State and Territory Offices of State Revenue
• competitive labour costs
• economical office rental costs
Competitive office rental costs
• competitive utility costs.
Brisbane, the capital city of Queensland, offers some of the most
Tax benefits competitively priced office space nationally and internationally.
Queensland businesses or a group of businesses pay the lowest
Prime office occupancy costs
payroll tax in Australia at 4.75%. Furthermore, businesses or a September 2013
group of businesses are not required to pay this tax until their
total Australian wages exceed the Queensland threshold of Brisbane 70.20
$1.1 million per annum. This threshold will increase from 2015 Mumbai,
77.42
by $100,000 per annum until it reaches $1.6 million in 2019. India
Perth 86.24
The Queensland Government strives to maintain a competitive
tax environment for business; lower than the average of other Seoul,
97.22
Korea
Australian States and Territories.
Singapore 98.50
Starting a business – time Sydney 104.39
2013
33 Sao Paulo,
105.11
Brazil
30
New York, 120.65
27
US
25
23 London, UK 142.71
Number of days
20 Tokyo, 154.67
Japan
15 Hong 234.30
13 Kong
12
10 $0 $50 $100 $150 $200 $250
8
7 6 $US/sq. ft./annum
5 Note: Data reflects specific areas—not the entire city.
Source: CBRE Global Prime Office Occupancy Costs Dec 2013
2
0
China India Japan United OECD Chile South United Australia
Kingdom Korea States
Source: The World Bank
6 Queensland AUSTRALIA | Reasons to invest
Cost of living
Queensland’s many regional locations offer attractive strengths
including lifestyle and cost benefits. Brisbane ranks as one of the
most affordable cities to live in around Australia compared with
Sydney, Canberra, Perth and Melbourne.
Cost of living rankings
2013
Tokyo, Japan 1
Zurich, Switzerland 2
Hong Kong, SAR 4
Sydney, Australia 14
London, UK 15
Oslo, Norway 16
Singapore, Singapore 18
Copenhagen, Denmark 28
Canberra, Australia 29
Melbourne, Australia 33
Perth, Australia 36
Brisbane, Australia 40
0 5 10 15 20 25 30 35 40 45 50
Ranking
Note: Selected cities displayed in graph. A higher score indicates greater affordability.
Source: Xpatulator Cost of Living Rankings
“Queensland is an ideal choice, it offers
us a safe and stable business location
with easy access to Asia Pacific markets.
What you have is a combination of all
the right factors for doing business.
The state has a highly regarded aviation,
aerospace and defence industry cluster
with all the main players in one place.”
David Stilianos,
General Manager, Sikorsky Helitech
Queensland AUSTRALIA | Reasons to invest 7
Industry
World leaders
Industry- gateway training
in tropical health,
specific training in 30%
agribusiness and
institutions of secondary
environment
schools
Opportunity to access skills
“Queensland is a good fit for Bechtel because of one of its less
obvious exports - its people! Queenslanders have historically
demonstrated leadership within Bechtel Australia and across
Oceania, but are also in demand far from home.”
Andy Greig,
Managing Director, Bechtel
Queensland’s workforce is highly skilled, motivated and employment-ready. Its diversity
and flexibility gives potential investors a broad choice of skilled workers, due to world-class
education and skills training institutions. The state’s population is estimated to double to
around 9.1 million people by 2056 - making our workforce even bigger and better. The state’s
enviable lifestyle and low cost of living also helps companies attract and retain skilled workers.
Australia’s population growth
September 2013
Western Australia
Victoria
Queensland
Northern Territory
Australia
Australian Capital Territory
New South Wales
South Australia
Tasmania
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5
Growth %
Source: Australian Bureau of Statistics
8 Queensland AUSTRALIA | Reasons to invest
Queensland The state is
exports a focal point for World-leading,
world-leading mine defence R&D in innovative
safety practices technology, horticultural
and safety training and industry
technology engineering
Opportunity to innovate
“Brisbane was an obvious choice because of its proximity to
major projects, strong protection of intellectual property
and access to world-class engineering talent.”
Kyel Hodenfield,
Vice President of Unconventional Resources, Schlumberger
The Queensland Government invests heavily in knowledge-intensive industries, and supports
plans and services for long-term economic development. Australia has uniform national
intellectual property (IP) laws that respect and protect IP rights.
IP legislation reflects international best practice and Australian-based firms benefit from the
most comprehensive protection available. Australia’s modern and effective IP regime ranks
ahead of countries like Hong Kong, the United Kingdom, Japan, China and France.
Intellectual Property Protection
(Intellectual Property rights are adequately enforced - score out of 10)
China mainland 4.45
India 5.11
Korea 5.22
New Zealand 6.8
Hong Kong 6.98
Taiwan 7.08
Japan 7.77
United Kingdom 7.78
France 7.92
Australia 7.93
0 1 2 3 4 5 6 7 8 9
Ratings
Note: 1 = not adequately enforced, 10 = adequately enforced.
Source: IMD World Competitiveness Yearbook 2013
Queensland AUSTRALIA | Reasons to invest 9
In 2012-13, Brisbane is
Australia is on the total one of the
track to be the throughput of largest
multi-commodity
2nd largest global Queensland ports on the
LNG exporter ports was eastern
Transportation 286MT seaboard
and logistics
Rail Ports
Queensland’s large and modern rail system has a global Queensland has an extensive network of 20 ports along its
reputation for its innovative transport services and its strong coastline, ranging from small community ports to coal export
safety record. In Queensland, there is close to 10,000 kms of terminals and a capital city multi-cargo port. There are five port
railway, delivering reliable, environmentally sustainable and authorities - comprising four Government-Owned Corporations
efficient freight and passenger services. Of this, 2000 kms is and one private company. Each authority has a board of directors
dedicated to an interconnected coal network, connecting 30 coal and operates as a commercial entity. They are:
mines with six export coal terminals via 470 services each week.
1. N
orth Queensland Bulk Ports Corporation
Road 2. Port of Townsville Limited
Queensland has a modern and efficient urban and regional road 3. Gladstone Port Corporation
network of around 177,000 kms. The Australian and Queensland
4. Ports North
Governments have committed significant funding to upgrade and
maintain the state’s highways, keeping this vital network running 5. Port of Brisbane Pty Ltd.
smoothly and reducing transit times.
Air networks
Queensland has 20 strategically-located major and regional
airports and is the only state with four recognised international
airports. Brisbane is a major hub for international air services.
Four Passengers can fly direct from Brisbane to 28 international and
Developing a 42 domestic destinations.
international
network of public airports; air links to
and private 28 international and
infrastructure 42 domestic
destinations
10 Queensland AUSTRALIA | Reasons to investQueensland’s transport infrastructure
Key
State Controlled Roads
State Rail Network ! Bundaberg
p
! Major Intermodal Terminals
Proposed gas pipeline
Gas Pipeline Hervey Bay
p
o
! Maryborough
p
International Airport
Domestic Airport
p
Gympie
!
Trading Ports
Weipa
o
Kingaroy
Sunshine Coast
p
Brisbane
o
Brisbane Multimodal
Cape Flattery ! Terminal
Archerfield !
! ! Acacia Ridge Terminal
p
p
Toowoomba
p
Amberley
o
Warwick Gold Coast
o
!
! Cairns
Karumba
Normanton
! Mourilyan
Lucinda
! Townsville
p
Charters Towers Bowen
! ! Abbot Point
Mount Isa
! ! Cloncurry Hughenden
p
!
Mackay
!
p
Hay Point
Moranbah
!
Winton
!
Longreach Rockhampton
Barcaldine Emerald ! Port Alma
! Alpha
p
!
p
!
p
!
! Gladstone
p
! Bundaberg
p
pp
! Maryborough
Wandoan Gympie
!
Charleville !
Quilpie ! Roma
o o
Miles
p
! !
p
p
!
p
Toowoomba Brisbane
! !
p
p
p
Cunnamulla
o
! Warwick
!
Goondiwindi
!
°
0 75 150 300
Kilometres
Queensland AUSTRALIA | Reasons to invest 11Enviable lifestyle opportunity
Queensland offers a multicultural, friendly and active lifestyle. Some of our biggest
selling points are:
• safe, secure, family-oriented communities that attract and retain talented employees
• a sub-tropical climate with an average of 300 days of sunshine a year5
• world-renowned beaches, national parks, rainforests and tropical reefs,
• established public health and education systems.
Australia’s quality of life rates highly on the world scale, exceeding that of the
United States, the United Kingdom and many of our Asia-Pacific competitors.
Quality of life
2013
Australia 9.43
Germany 9.15
New Zealand 8.72
France 8.54
Japan 8.4
United States 8.39
Malaysia 7.82
United Kingdom
7.56
Taiwan
7.14
Hong Kong 6.54
Korea 5.83
0 1 2 3 4 5 6 7 8 9 10
Ratings
Note: Higher score equals better quality of life
Source: IMD World Competitiveness Handbook 2013
5 Source: Tourism and Events Queensland
12 Queensland AUSTRALIA | Reasons to investPro-business opportunities Natural resources
Queensland is a highly prospective exploration and operational
Queensland’s growing and resilient economy, supportive destination, endowed with diverse reserves of mineral, rare earth
pro-business government, open trade networks and strategic elements, petroleum and gas.
Asia-Pacific location provide a world-class environment for
Its base metals sector is widely recognised for its world-class
companies to design, build, finance, own, maintain and operate
endowment, with more than 100 mines in operation.
major projects and investments.
Queensland continues to be a dominant source of natural
The Queensland Government is developing its key sectors of
resources investment in Australia and the Asia-Pacific, accounting
food/agriculture, construction and infrastructure, natural
for 25% of natural resources derived business in Australia.
resources and tourism. It is cutting regulatory red tape and costs,
and streamlining processes to retain its competitive investment In 2013, the resources sector achieved record sales of $9.4 billion
edge and assist business in their success. dollars of commodities and directly contributed $38 billion to the
Queensland economy.
Complementing the key sectors are strong supply chains,
professional services, enabling technologies and R&D In the supply services sub-sector, investment opportunities exist
foundations offering advanced capabilities. As a result we at differing degrees across the engineering, procurement and
are attracting investors in: construction services, depending on the project. Opportunities
can also exist in the hard and soft infrastructure (e.g. power/gas
• aviation, aerospace and defence
utilises, delivery pipelines, housing/social infrastructure) needed
• food, nutrition and wellness to facilitate major projects.
• bio-based products and fuels We are actively attracting investment projects in the areas of
unconventional oil and gas, coal, rare earth minerals, alternative
• new-generation clean technologies energy and equipment, and supply chain technologies.
• digital economy.
Resources and energy projects
in Queensland6
Queensland April 2014 (number) April 2014 (value $M)
Publicly
18 23,141 – 26,391+
announced
Feasibility stage 57 74,135
Committed 16 75,312
Completed 4 2,709
6 Source: Resources and energy major projects April 2014
Queensland AUSTRALIA | Reasons to invest 13Construction and Major infrastructure projects
infrastructure Major infrastructure projects seeking multi-billion dollar private
sector investment include (but are not limited to):
The sector includes construction services, heavy and civil
• BaT Project (Brisbane underground bus and train tunnel) $5 billion
engineering and building. Engineering construction activity
boomed to almost $40 billion in 2013. This includes roads, • Bruce Highway upgrade
rail, bridges, tunnels, airports, ports, utilities, water and other
major infrastructure. • Queensland Transport proposed major works
Queensland is experiencing growing demand for new and renewed • Toowoomba Range Second Crossing ($1.7 billion) and Projects
social infrastructure including health and education infrastructure. Queensland projects
At the December quarter 2013, the total value of known major • rail opportunities:
investment projects under construction in Queensland was around - Southern Freight Rail Corridor
$100 billion, while a further $88 billion worth of investment
- Alpha Coal Mine and Rail Project
projects were either committed to or under consideration7.
- Carmichael Coal Mine and
Queensland currently accounts for around 31% of all civil
construction in Australia.8 - Surat Basin Rail Project.
The Queensland and Australian Governments welcome foreign • Port opportunities, including the Port of Abbot Point,
investment and are looking to overseas firms to help finance, develop, • major tourism infrastructure projects including Queens
operate and reap the rewards from major infrastructure projects. Wharf Brisbane and integrated resort developments
throughout Queensland.
Value of construction work done in 2013
60,000
50,000
23
40,000
$M 30,000
12
20,000
10,000
ACT
0
NSW Vic Qld SA WA Tas NT
Engineering Building
Source: ABS Construction Work Done, Australia, Preliminary Cat No. 8755.0. Figures in current prices.
7 Source: December quarter 2013 Investment Monitor, Deloitte Access Economics.
8 Source: IBISWorld.
14 Queensland AUSTRALIA | Reasons to investLife sciences is
the study of living
organisms like biology,
botany, zoology,
microbiology,
“Komatsu made the decision to invest in physiology and
Queensland to meet the growing needs of biochemistry
customers in the Australian marketplace.”
Sean Taylor,
Managing Director, Komatsu Australia Limited
Life Sciences Food and agriculture
Queensland’s life sciences sector is globally competitive. Queensland has the largest area of agricultural land of any
Australian state and the highest proportion of land area in the
The sector can meet international challenges and deliver country dedicated to agriculture. Agriculture, fisheries and
investment opportunities for organisations that want to forestry contributed approximately $14.86 billion in production
commercialise new biomedical, biotechnology, pharmaceutical and processing to Queensland’s economy in 2013-14. The sector
and complementary medicine services. includes more than 1400 processing companies.10
Queensland is witnessing the emergence of a vibrant and We are actively attracting production, processing, packaging and
connected life sciences hub made up of biotechnology companies agricultural infrastructure investment projects. This will drive
and related research institutes. This hub offers investors a strong investment opportunities in:
commercially-focused research and infrastructure environment, a
suite of collaboration/joint-venture partnership opportunities and • food and agriculture - R&D with universities, government and
a strategic location to service the Asia-Pacific. specialised companies
It recognises the importance of the life sciences sector in • meat and livestock - investment in production, supply, feedlots
responding to the growing demand for health and wellbeing and processing
around the world, especially in the Asia-Pacific region. • horticulture - fruits, nuts and vegetables, and opportunities to
The government has responded by introducing strategic expand production facilities
initiatives to support and encourage investment in science • crops - sugarcane, cotton farms and processing facilities
and technology, cutting-edge infrastructure and collaborative
partnerships between research and industry. • seafood - including farming and first-stage processing
and technologies.
Tourism Queensland provides an ideal location for value-added operations
in food and agribusiness, with a supportive business culture,
Tourism is an integral part of the Queensland economy and access to raw materials and sites close to major transport.
contributed $10.93 billion directly to Queensland’s economy
in 2012-139. Queensland offers an exceptional environment for
business, sport and culture. It is not surprising that Queensland
was selected to host major events such as the 2014 G20 Leaders
Summit and the Gold Coast 2018 Commonwealth Games™.
9 Source: Tourism and Events Queensland - Tourism facts and figures Dec 2013
10 Source: Agtmonds 2013-14
Queensland AUSTRALIA | Reasons to invest 15Trade &
Investment
Queensland’s
global
network
With representation worldwide, Trade & Investment Queensland has a
dedicated team of experts to help you explore global business opportunities.
Contact us
+61 7 3514 3094
tiq.qld.gov.au
investment@tiq.qld.gov.au
Facebook “f ” Logo CMYK / .eps Facebook “f ” Logo CMYK / .eps
facebook.com/TradeandInvestmentQld
@tradeinvestqld #tiq
TIQ-758-14
This information pack is provided by the State of Queensland as an information source only. The State of Queensland makes no statements,
representations, or warranties about the accuracy or completeness of the presentations. Attendees should make their own enquiries as to all and any
matters contained in the presented material and the appropriateness and suitability of any investment to your particular circumstances.You can also read
