See Your Business in Canberra English Lores

8/6/2019 See Your Business in Canberra English Lores

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2010-11 InvestIng In Canberra

CanberraaUstraLIas CaPItaLsee YOUr bUsIness In


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aUstraLIan CaPItaL terrItOrY

K y F c sLand area: 2,358 km 2

Capital: Canberra

Population, 2010: 353,000

Population Density: 149 persons/km 2

Australian Capital RegionPopulation

553,000

Workforce: 196,600 (Jan 2010)

Unemployment rate: 3.3% (April 2010)

In ation rate: 1.4% (2009)

Gross State Product: $24,916m (2008-09)

Source: Australian Bureau of Statistics

WESTERN AUSTRALIA

SOUTH AUSTRALIA

NEW SOUTH WALES

VICTORIA

TASMANIA

NORTHERNTERRITORY

QUEENSLAND

BRISBANE

SYDNEY

CANBERRA

MELBOURNE

HOBART

ADELAIDE

PERTH

DARWIN

KeY FaCts

us c py ( c )

The Australian Capital Territory is hometo Australias capital, Canberra. It is the

seat of the Australian Government and isstrategically located between Australiastwo most populous cities, Sydney andMelbourne. Canberra is a modern, vibrantcity offering excellent business prospectsand an enviable lifestyle.

cover mage: parliament Ho e. photogra her: sladjan sam li s G 88 htt ://fi kr. om/ tage88ther image o rte o c o ri m.


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1

Canberra has often been labelled theclever capital, and with just cause.

In the age of the knowledge economy,Australias capital city offers exceptionalbusiness investment opportunities.It is where youll nd the best educatedworkforce and the highest per capitaincome in Australia.

Canberra is home to a cluster of qualityuniversities and other tertiary institutions,including the Australian National Universitywhich is ranked number one in the country.

The ACT Government helps marrythe innovative ideas from our tertiaryinstitutions with industry needs through arange of programs, and seeks to nurtureemerging knowledge-based industries.

Economies that innovate hold signi cantcompetitive advantages in the globalmarket. Canberra already has thatadvantage.

In January 2010, the ACT was rated thebest-performing state economy in Australiaby CommSec. It is also home to the biggestcustomer in Australia - the CommonwealthGovernment.

That means all the Commonwealth andACT Government purchasing power is onyour doorstep the drawcard for many

international companies to base theirAsia Paci c or Australian operations inour city.

Canberras business sector is dynamic andcontributes almost half of our economysgross product through strong developmentin industries such as business services,construction, ICT, defence, biotechnology,education and tourism.

The ACT Government provides servicesand support for business developmentin Canberra, and a well-educated andwell-heeled population (with the highest

MESSAGE FROMTHE CHIEF MINISTER

CONTENTS

average disposable incomes in Australia)provides a ready market.

Canberras high quality of infrastructureincludes Australias most advanced bre-optic cable network, providing greaterbandwidth and high-speed internet whichis critical for any modern business.

The city is close to major agricultural andcommercial centres and is strategicallylocated between Australias two biggestcities Sydney and Melbourne.

Investing in Canberra is to tap into oneof the most vibrant and resilient regionaleconomies in the country, with an ACTGovernment keen to help facilitatebusiness success.

Jon Stanhope MLA

Chief Minister and Minister forBusiness and Economic DevelopmentAustralian Capital Territory

2 12 20

10 18 286 15 24

4 14 22

8 16 26

A CITY IS BORN A WEALTH OF OPPORTUNITY

A HIGHLYNETWORKED CITY

A POLITICALLY STABLE AND BUSINESSFRIENDLY ENVIRONMENT

A CONFIDENTBUSINESS SECTOR

A COST COMPETITIVELOCATION

CANBERRA GLASSWORKSILLUMINATES WORLD EXPO

A VIBRANT AND

RESILIENT ECONOMY

A PRODUCTIVE

WORKFORCE

STRONG GOVERNMENT

SUPPORT

CLOSE LINKS TO FASTGROWING ASIAN MARKETS

A HIGHLY EDUCATEDPOPULATION

WE ARE YOUNG AFFLUENTAND CULTURALLY DIVERSE

A SOPHISTICATEDINDUSTRY BASE

AN INNOVATIVECULTURE

EXCELLENT QUALITYOF LIFE


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On 1 January 1901, the self governingcolonies of New South Wales, Victoria,South Australia, Queensland, WesternAustralia and Tasmania came together asa Federation and the new Commonwealthof Australia was born. One of theimmediate tasks was to nd a capital cityfor the new nation.

A site selection process considered morethan 60 country locations in New SouthWales, taking into account attributes suchas climate, access to drinking water, localsupplies of stone and timber for building.

Towards the end of the selection process,a compromise site, in the Yass-Canberra

region emerged as an acceptable option.This large district offered clean air, a goodwater supply and an invigorating climate.

In October 1908, the Seat of GovernmentBill was passed by the AustralianParliament con rming Yass-Canberraas the site for the nations capital. In1911, the Federal Capital Territory wasestablished and in 1913 the capitalwas of cially named Canberra byLady Denman, the wife of the thenGovernor-General. Located on the ancientlands of the Ngunnawal Aboriginal

people, the citys name is thought tomean meeting place, derived from theAboriginal name Kamberra.

In 1913, Canberra was essentially anoutback sheep station divided by the

Molongo River. But its great attraction wasthe blank canvas it offered to design a 20thcentury city, literally from the ground up.

The design of Australias capital was openedup to an international competition, with thewinning design by Walter and Marion BurleyGrif n, architects from Chicago.

The Grif ns design concept used CapitalHill the site of Australias new Parliament

House opened in 1988 to symbolicallyrepresent the nation. The street patternaround Capital Hill consists of concentricroads representing the concentrations ofpower and energy at the nations heart.The links between the Australian andState governments are represented bywide, tree-lined avenues radiating fromCapital Hill. The plan named and alignedeach avenue to each state capital.

It was said at the time that the Grif nsdesign created the only really modern cityin the world. When the Federal Parliament

sat for the rst time in Canberra in 1927,Canberra was seen as the modern andthe picturesque blended into a compositeand harmonious whole, cradled in asetting that for its purpose can haveno peer.

Eighty-three years on, while the wordsmay seem colourful, the vision has largelybeen realised. The Canberra of today is athoughtfully planned, people-orientatedcity, blending the built and naturalenvironments.

Canberras design also now incorporatesa series of man-made lakes and towncentres surrounded by parks, bush and

mountain ranges.

In 1988 the Australian Capital Territorybecame a self governing jurisdictionwith the same status as other stategovernments. That makes Canberraessentially a city-state, the only placein Australia where state and municipalgovernment functions are combined.

In 2013, Canberra will celebrate its

centenary.

2

A CITY IS BORN


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Canberra, Australias capital, is the heartof the nation. It offers exceptional businessopportunities. Here youll nd a strong andresilient economy, the nations best educatedand most productive workforce, moderninfrastructure, a highly innovative culture,low business costs and a business friendlyenvironment.

We invite you to discover the clever capital,conveniently linked to the fast growing AsiaPaci c region and with ready access to theAustralian Governments multi-billion dollarprocurement decision makers.

A WEALTHOF OPPORTUNITY


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Canberra offers the ideal businesslocation for global companies seekingto access fast growing Asian markets.Japan and China are Australias toptwo trading partners and Canberra hasactive sister city relationships withBeijing (China) and Nara (Japan).

Our business day is closely alignedwith Asian markets. When its 12.00noon in Canberra, its 11.00 am inTokyo, 10.00 am in Shanghai and8.00 am in Mumbai.

Canberra is one of the rst centresto open in the Asian time zone atrading day that bridges the closing

of the US market and the openingof European markets. Canberrabusinesses are able to provide afterhours coverage for their US andEuropean operations from Australia.

Australia has Free Trade Agreements(FTAs) with Singapore, Thailand,ASEAN, the US, Chile and NewZealand. It is also negotiating FTAswith China, Japan, Korea, Malaysia andthe Gulf Cooperation Council, and isseeking a Paci c Agreement on CloserEconomic Relations.

The Australian National Universitys(ANU) College of Asia and the Paci c,based in Canberra, leads Australiasintellectual engagement with Asia andthe Paci c through research, teachingand contribution to public debate.The ANUs China Institute serves

over 50 scholars in Chinese studiesthroughout the university.

CLOSE LINKS

We launched New Territories Investments in Canberra in 2007 and have transacted inexcess of A$300 million in bilateral tradewith China over the last three years. Onthe surface, Canberra might seem an odd

place to start a global private equity rm, but we have found that the combination of strong local government support, access tofederal government decision makers and adynamic private sector economy make thiscity an ideal place to achieve our vision.

Mark McConnellBSc, MBA, MAICD, SFCDAManaging DirectorNew Territories Investments Pty Ltd

TO FAST GROWING ASIAN MARKETS


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6 pm Canberra = 4 pm Perth = 8 am London I 12 noon Canberra = 10 am Perth = 10 am Shanghai I 9 am Canberra = 7 am Perth = 3 pm San Francisco

Perth Canberra

Asian Time ZoneAsia Paci c Markets

European Time ZoneEuropean Markets

American Time ZoneAmerican Markets

CANBERRAS TIME ZONE ADVANTAGE IN A 24 HOUR GLOBAL MARKET


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6

A VIBRANTAND RESILIENT ECONOMY

Australia has been consistently rankedas one of the most resilient economiesin the world 1.

In 2009, Australia was the onlyadvanced economy in the world to

record positive growth, demonstratingthe strength of its economicfundamentals to quell the impact of theglobal nancial crisis.

During the economic downturn, theACT was a star performer amongadvanced economies globally andAustralias states/territories, withgrowth of 2.5% in 2009 2.

Over the 10 years to June 2009, theACTs Gross State Product increasedby 40%, compared with growth inAustralias Gross Domestic Product of36% during the same period 3.

The International Monetary Fund paintsa bright picture of Australias futuregrowth prospects. It forecasts thatAustralia will grow by 2.5% in 2010 and3% in 2011, compared with growthacross all advanced economies of 2.1%in 2010 and 2.4% in 2011 4.

1 IMD WorldCompetitivenessYearbook

2 ABS Cat No 1350.0 -Tables 1.1 & 9.3(State Final Demand)

3 ABS Cat No 5220.0,

Tables 30 and 314 IMF World Economic

Outlook Update,Jan 2010


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7

P e r c e n t

-10

-8

-6

-4

-2

0

2

4

A u s t r a

l i a n

C a p

i t a

l T e r r

i t o r y

A u s t r a

l i a

F r a n c e

U n

i t e

d S t a t e s

C a n a

d a

S p a

i n

U n

i t e

d K i n g

d o m

I t a l y

G e r m a n y

J a p a n

R u s s

i a

Gross domestic product growth 2009

Source: IMF World Economic Outlook Update, Jan 2010;ABS Cat No 1350.0 - Tables 1.1 & 9.3 (State Final Demand)

Canberra is anexciting place to

live and work. With a strong economy,there are enormousopportunities for

young people and midlife peopleto establish their

home, family andexciting careers

here.

Dr Chris PetersAM OI JPChief ExecutiveACT & RegionChamber ofCommerce &Industry


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Canberra has a sophisticated,knowledge based economy withservices accounting for 98% of totalgross value added 5. It is undeniablyoriented towards service delivery andpublic administration.

Our wealth creating and progressiveindustry sectors are:

defence and security

information and communicationstechnology

biotechnology

public administration

education

space sciences

building and construction

sports science and administration

tourism

retailing

environmental industries.

More detailed information on thesesectors is available through speci cfact sheets. These can be found atwww.business.act.gov.au

Canberra is home to over 25,000businesses ranging in size frommultinationals that have strategicallysought to bene t from the AustralianGovernments A$200 billionprocurement decisions, right downto micro businesses servicing largerbusinesses, the public sector or theneeds of local people.

8

A SOPHISTICATED

Canberra is also home to manyof Australias national industryassociations, representativeorganisations and professionalsocieties, including the AustralianChamber of Commerce and Industry,the Australian Industry Groupand the Australian Institute ofCompany Directors.

Businesses in Canberra have a strongexport orientation. In December 2009,17% of SMEs in the Australian CapitalTerritory reported exporting in the pastyear compared with a national averageof just 11% 6.

5 ABS Cat No 5220.0

6 Sensis Business Index,Sweeney Research,Nov 2009

Main photo:John Gollings Photography

INDUSTRY BASE


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9

0 5 10 15 20

Australian Capital Territory

New South Wales

Victoria

Queensland

Western Australia

South Australia

Northern Territory

Tasmania

Per cent

Percentage of SMEs exporting in year ending November 2009

Source: Sensis Business Index, Sweeney Research, Nov 2009

Canberrasconcentration of expertise, in uence

and facilities, including Australias national university, makes the city unique, not just in

Australia, but in our region.

Professor IanChubb ACVice-Chancellor andPresident of theAustralian NationalUniversity


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Canberra businesses have a buoyantand positive outlook.

Our businesses have consistentlybeen at the high end of con dencelevels compared with other Australian

states and territories. For example, inMarch 2010, small to medium sizedenterprises (SMEs) in the ACT weremore con dent about their businessprospects over the next year thanSMEs in any other state or territory 7.

Over the two years to September 2009,the sale of goods and services in theACT increased by 19.7%, more than inany other state or territory 8.

Business investment is a key

barometer of business con dence.Over the 10 years to September 2009,annual business capital expenditure/ investment in the ACT increased by191%, compared with an Australianwide increase of 150% 9.

Australias high corporate governancestandards fuel business con dence.Consistently ranked in the top fourcountries in the world, Australiascorporate governance rating of 7.32 in2009 was the highest in the Asia Paci cregion and substantially higher thanSingapore (5.07), India (4.61), HongKong (4.02), Japan (3.32) and China(3.01) 10.

10

A CONFIDENT7 Sensis Business Index,

Sweeney Research,Mar 2010

8 ABS Cat No 5676

9 ABS Cat No 5625

10 GovernanceMetrics

International, Sep 2009

BUSINESS SECTOR


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11

0 10 20 30 40 50 60 70 80


Northern Territory

Tasmania

South Australia

Queensland

Western Australia

New South Wales

Victoria

Net Percentage Confidence Level*

-5

0

5

10

15

20

A u s t r a l i a n

C a p i t a

l T e r r i t o r y

N o r t h e r n

T e r r

i t o r y

W

e s t e r n

A u s t r a l

i a

N e w

S o u t

h W a l e s

V i c t o r

i a

S o u t

h A u s t r a l

i a

Q u e e n s l a n

d

T a s m a n

i a

P e r c e n t

Business con dence, small to medium sized enterprises, March 2010 Percentage increase in sale of goods and services by State,September 07- September 2009, current prices

Source: Sensis Research Index, Sweeney Research, Mar 2010* Represents percentage of SMEs that were con dent about business prospects lessthe percentage that were not con dent Source: ABS Cat No 5676


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Canberras rst class infrastructure from its unique broadbandtelecommunication network to its road,rail and air links supports businessdevelopment.

Canberra was one of the rst cities inthe world to introduce an advancedbroadband bre optic cable network,and now boasts superior bandwidth,high speed internet and optimalcapacity to link into e-commerceapplications. Canberra ranks alongsideSingapore, Finland, Sweden and the USas having one of the worlds most ITconnected communities.

Canberra is strategically positionedbetween the major state capitals ofSydney and Melbourne.

The ACT has strong employment linkswith the surrounding region. Thereare over 22,500 non-ACT residentstravelling to the ACT each day for workand over 4,000 ACT residents travellingto the surrounding region for workeach day 11 .

Our high quality and well maintainedroads ensure little traf c congestionand short travel times. A modern, dual-carriage freeway provides a three hourdrive to Sydney.

Canberra airport, operating 24 hours aday, is within ve kilometres of the CBDand offers bene ts for both freight and

passenger travel, including lower sitecosts and no airspace congestion.

12

A HIGHLY

Each week, there are 380 ightsbetween Canberra and Sydney; 250between Canberra and Melbourne;130 between Canberra and Brisbane;plus daily direct ights to other statecapitals and regional centres 12.

A A$400 million aviation infrastructureprogram has commenced to expandand upgrade Canberra airport. Directinternational ights to Canberra areexpected to commence in 2010 andpassenger numbers are forecast toincrease by 4.2% annually over the next20 years 13. The airport is also beingdeveloped into a major freight hub.

11 Access Economics,The ACT and its Region,2008; based on 2006Census data

12 Canberra Airport 2009Master Plan

13 ibid.

NETWORKED CITY


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13

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000International Domestic/Regional

2027-282021-222016-172011-122007-08

Per cent

P a s s e n g e r s

Forecast passenger numbers at Canberra Airport

Source: Canberra Airport 2009 Master Plan

Investing in major infrastructure is never an easy or risk free task. But what we havefound at Canberra

Airport is that ACT Government agencies appreciatethe bene ts that will ow from

investment andthe Canberracommunity is

supportive of projects that deliver

jobs. Stephen ByronManaging DirectorCanberra Airport


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Canberra has the most highly educatedworkforce in Australia.

Of the ACTs population aged 15 to 64years, 25% have a bachelors degreecompared with 16.4% nationally.

A further 9.9% of Canberrans have apost-graduate degree compared withthe national average of just 4.1% 15.

It is the Australian Governments targetthat by 2025, 40% of 25-34 year olds inthe nation will hold a bachelor degreeor higher 16.

Professional and managerialemployment in the ACT accounts for45% of all employment, compared with33% of employment Australia wide 17.

14

0

5

10

15

20

25 Post-graduate Degree

Degree

A C T

V i c t o r

i a

N e w

S o u t

h W a l e s

W e s t e r n A

u s t r a l

i a

S o u t

h A

u s t r a l

i a

N o r t h e r n

T e r r

i t o r y

Q u e e n s l a n

d

T a s m a n

i a

P e r c e n t

A HIGHLY EDUCATED

Percentage of population aged 15-64 with degree andpost-graduate degree, by State

Source: ABS Cat No 6227.0 May 2009

15 ABS Cat No 6227.0

16 Department ofEducation, Employmentand WorkplaceRelations

17 ABS National RegionalPro le, ACT

Fireworks over Lake Burley Grif n:Photo courtesy of Departmentof Defence, Salute to VeteransCelebrations

POPULATION


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15

Employment by Occupation: 2006

ACT Australia

Managers 15.4 13.2

Professionals 29.3 19.8

Technicians and tradeworkers 10.6 14.4

Community andpersonal serviceworkers 9.0 8.8

Clerical andadministrative workers 19.1 15.0

Sales workers 7.5 9.8

Machinery operatorsand drivers 2.5 6.6

Labourers 5.2 10.5

Not stated 1.5 1.8

0

1 0

, 0 0 0

2 0

, 0 0 0

3 0

, 0 0 0

4 0

, 0 0 0

5 0

, 0 0 0

6 0

, 0 0 0

7 0

, 0 0 0

8 0

, 0 0 0

Australia

Northern Territory


Western Australia

New South Wales

Victoria

Queensland

South Australia

Tasmania

Australian Dollars

Our workforce is highly productive.In 2008-09, Gross State Product percapita in the ACT was A$71,630, alevel 30% above the national averageof A$55,195 18.

In December 2009, full-time averageweekly ordinary time earnings inthe ACT were A$1,355.90, whichwas 13% higher than the Australianaverage 19.

In December 2009, the labour forceparticipation rate in the ACT was 72.4%,compared with an Australian averageparticipation rate of just 65.2% 20 .

Gross State Product per capita 2008-09

Source: ABS Cat No 5220.0

A PRODUCTIVE


19 ACT Treasury, Summary ofEconomic Indicators, ACTand Australia, Dec 2009


WORKFORCE


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We are proud of our innovative cultureand preparedness to embrace new andprogressive technologies.

Canberra has the highest concentrationof knowledge based activity in Australia,

as ranked by the National Institute forEconomic and Industry Research 21 .

It also ranks number one in the GlobalKnowledge Flows Indicator, having thehighest ratio of global knowledge owworkers with skills in ICT, internationalbusiness and innovation. There arean estimated 6,000 people directlyemployed in the ACTs research anddevelopment community 22 .

The Canberra region has the highestresearch expenditure intensity inAustralia. In 2006-07, gross expenditureon research and development (GERD) in

the ACT as a proportion of Gross StateProduct was 4%, a percentage whichexceeded the GERD/Gross DomesticProduct ratio of any OECD country 23.

The ACT accounts for over 10% of

the nations government expenditureand 8.5% of the nations highereducation expenditure on research anddevelopment respectively. In 2006-07,total expenditure on research anddevelopment in the ACT wasA$863 million 24.

Canberras world class universitiesand research institutes complementknowledge based Canberra

businesses. The Australian NationalUniversity has consistently been rankedAustralias top university in variousinternational rankings 25.

16

AN INNOVATIVE

The Commonwealth Scienti c andIndustrial Research Organisation(CSIRO) is rated as one of the top fourmost in uential research agencies inthe world, ranking in the top one percent of world scienti c institutions in

13 of 22 research elds 26 .

National ICT Australia (NICTA),Australias Information andCommunications Technology Centre ofExcellence, has a signi cant presencein Canberra. It is an independentcompany focused on ICT research,innovation and commercialisation.Canberra is also home to the Australiane-Government Technology Cluster.

21 Investing in Canberra Australias Capital,2008-09


23 ibid.

24 ibid.

25 Times Higher EducationWorld UniversityRankings 2009;Shanghai Jiao TongIndex

26 Ranking Web of WorldResearch Centres,Jul 2009

CULTURE


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17

0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0

United Kingdom

AustraliaFrance

GermanyUnited States

KoreaJapan

FinlandSweden

Northern TerritoryQueensland

TasmaniaNew South WalesWestern Australia

VictoriaSouth Australia


Per cent

Gross expenditure on research and development as percentage of national GDP orGross State Product 2006-07


As Australiascapital, Canberra

is the pulse of the nation. As a businessevents destinationCanberra offersdirect access tothe powerbrokers,

researchers andeducators of today,

and the opportunity to help shapedecisions of thefuture.

Robyn HendryChief ExecutiveOf cerCanberraConventionBureau Inc


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Canberra has one of the lowest of ceoccupancy costs among major citiesaround the world. In November 2009,of ce occupancy costs in Canberrawere US$330 per square metre, 83%lower than in London, 82% lower than

in Tokyo, and 77% lower thanin Mumbai 27.

According to a business costcompetitiveness study of Australiancities commissioned by the AustralianDepartment of Transport and RegionalServices in 2007, Canberra ranked thesecond lowest cost city in Australia foroverall business costs 28.

When compared with 95 cities aroundthe world in the 100,000 to 500,000population range, Canberra ranked the

fth lowest cost city 29.

Businesses in Canberra enjoy a globally

competitive corporate income tax rateof 30%, signi cantly lower than theUS, Japan, India, France, South Africaand Canada 30. The Government hasrecently announced that the rate will bereduced to 29% in 2013-14 and 28%in 2014-15. Eligible small businesseswill move straight to the 28% rate from2012-13.

Australia is the seventh lowest taxingcountry in the 30 member OECD, withits tax revenue as a percentage of GDPbeing 30.8%, compared with an OECDaverage of 35.9% 31.

18

A COST27 CB Richard Ellis, Global

Of ce Rents, Nov 2009

28 Business CostCompetitiveness for 28Australian Cities, Deptof Transport & RegionalServices, 2007

29

ibid.30 KPMG Corporate and

Indirect Tax Rate Survey2009

31 OECD (2008) RevenueStatistics

Main photo:Sladjan Sam Ilic STAGE88http:// ickr.com/stage88

COMPETITIVE LOCATION


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19

0 500

US$

1000 1500 2000

CanberraMelbourne

BrisbaneBeijing

SydneyShanghai

PerthSingapore

RomeNew York

Hong KongFrankfurt

MumbaiParis

TokyoLondon

Annual of ce occupancy costs US$ per square metre, 2009

Source: CB Richard Ellis, Global Of ce Rents, Nov 2009

Canberra is a supportive businessenvironment built on an openness

and willingness between

businesses towork together. Idoubt you would

nd that businesscamaraderie in any other Australiancity.

Greg Corra Managing DirectorInland Trading Co(Aust)


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Australia has the lowest risk of politicalinstability in the Asia Paci c region andfourth lowest in the world 32. Australiais also ranked third in the world forunderstanding by political parties oftodays economic challenges 33.

As the seat of local and nationalgovernment, Canberra offersbusinesses with ready access toin uential decision makers and theopportunity to pro t from substantialgovernment purchasing power.

It is the place from which the nationalgovernment manages our political andtrade relationships with the rest ofthe world.

As the national capital, Canberra is also

home to 90 diplomatic missions. The ACTs stable, democratic system

of government ensures that electedrepresentatives proactively engage withtheir constituency and are responsive tocommunity and business needs.

The ACTs political and legal institutionsare recognised for their transparency,impartiality and robustness.

The ACTs business friendly regulatoryenvironment provides certainty for

business planning and development.Out of 183 countries, the World Bankhas ranked Australia rst in the worldfor the ease of employing workers, thirdfor the ease of starting a business andfourth for the ease of obtaining credit 34 .

20

A POLITICALLY STABLE32 IMD World

CompetitivenessYearbook 2007

33 ibid.

34 World Bank, DoingBusiness 2010

AND BUSINESS FRIENDLY ENVIRONMEN


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21

0 2 4 6 8 10

Ease of doing business

Ease of obtaining credit

Ease of starting a business

Ease of employing workers 1st

3rd

4th

9th

Rank Among 178 Countries

Ease of doing business, Australias world rank 2008-09

Source: World Bank, Doing Business , 2010

Hindmarsh has been based inCanberra for 30 years, with a focus on

property, construction and technology investments. The company has been able to successfully expand its businessthroughout Australia and overseas, utilisingthe strong links available in Canberra

between government, universities and business. Canberra provides a superb location for the development of innovative businesses, combined with a high quality lifestyle.

John HindmarshExecutive ChairmanHindmarsh


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The ACT has a young, vibrant andgrowing population totalling 353,000 in2010 35.

The ACT region, comprising the ACTand local government regions in close

proximity, has a population of over550,000 36.

By 2050, the ACT population alone isprojected to increase by 42 per cent toover 500,000 37.

Overseas and interstate migration isexpected to account for 27 per cent ofthis growth, with 73 per cent due tonatural increase 38.

The median age of the current ACTpopulation is 34.7 - lower than anyother Australian state 39. This providesfertile ground for the employment ofyoung, talented and energetic staff.

In 2008-09, gross household disposableincome per capita in the ACT wasA$54,890, a level 50% higher than theAustralian average 40.

Canberra businesses enjoy access to

a very multicultural population, witha range of language skills. Almost aquarter of the population was bornoverseas and 15% speak a languageother than English at home 41.

Our multicultural population offers amicrocosm of many of the worldspopulations, allowing for the trial ofnew products and services against thepreferences of many ethnic groups.

22

WE ARE YOUNG,35 ABS Cat No 3101.0

36 Australian CapitalTerritory in Focus, 2007,ABS Cat 1307.8

37 ACT PopulationProjections 2007 to2056, Chief Ministers

Department, May 200938 ibid.

39 ABS RegionalPro le, ACT


41 ABS RegionalPro le, ACT

Main photo:Diamonds by Neil Dawson atthe National Gallery of Australia,Canberra, by night.Photographer: Leanne McCauley

The Australian CapitalRegion surroundingCanberra, with apopulation of 553,000

AFFLUENT AND CULTURALLY DIVER


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23

Oceania and Antarctica1.9%

Australia77.1%

North Africa and Middle East0.7%

South Eastern Europe3.5%

North West Europe7.3%

South East Asia3.1%

North East Asia 2.1%

Southern and Central Asia1.9%Americas1.6%Sub-Saharan Africa0.8%

0 10,000 20,000 30,000 40,000 50,000 60,000


Western Australia

New South Wales

Northern Territory

Victoria

South Australia

Tasmania

Queensland 32898

33275

34053

35886

38433

38541

39011

54890

Australian Dollars

Place of birth of ACT population Gross household disposable income per capita 2008-09

Source: ABS Regional Pro le ACT Source: ABS Cat No 5220.0


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The ACT Government welcomesbusiness investment and has a strongtrack record in providing professionaland con dential assistance toinvestors, free of charge.

The Australian Government also has anarray of services to support Canberrabusinesses, and many industryassociations are headquartered in thenational capital.

If you are considering investing inthe ACT, the Business and IndustryDevelopment Branch of the ChiefMinisters Department is your rstpoint of contact. Use our local

knowledge to save valuable time andmoney. We can provide you with adedicated case manager, help you cutthrough the decision making maze and

connect you with the right industry andgovernment contacts.Visit www.business.act.gov.au

Investors can bene t from thefollowing ACT Governmentsupport services:

Strategic Project Facilitation anintegrated, whole of governmentapproach to project delivery(www.business.act.gov.au)

Investment Facilitation Program a program designed to providea vehicle for eligible private sectorcompanies to apply for concessionson payroll tax liabilities that are

linked to signi cant new businessinvestment projects in the ACT(www.business.act.gov.au)

Skilled and Business MigrationProgram to assist quali ed andskilled overseas business peopleto live, work and invest in Canberra(www.business.act.gov.au)

Industry Capability Network anational database of businesscapability to assist companies ndlocal suppliers of goods and services(www.icn.org.au)

ACT Business LicenceInformation Service an onlinefacility providing businesses withaccess to a complete range ofbusiness licences, registrations,permits and approvals(www.business.act.gov.au)

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STRONGGOVERNMENT SUPPORT


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Capital Angels Network an angelinvestor network that provides aforum for investors to proactivelysupport Canberra and the regionsentrepreneurs(www.capitalangels.com.au)

ACT Exporters Network provides mentoring services,training programs and seminars onissues relevant to exporting (www.canberrabusinesscouncil.com.au)

The principal forms of AustralianGovernment business assistance are:

AusIndustry an agency fordelivering programs, services andinformation that support industrydevelopment, research andinnovation (www.ausindustry.gov.au)

Australian Trade Commission(Austrade) an agency that providessupport to Australian businessesto develop trade and internationalbusiness, and which also facilitatesinward investment

(www.austrade.gov.au) Commercialisation Australia an

initiative that assists researchers,entrepreneurs and innovativecompanies to convert ideas intosuccessful commercial ventures(www.commercialisationaustralia.gov.au)

Enterprise Connect a nationalnetwork of innovation centres that

provide access to specialist expertiseand resources to help eligible small

and medium sized businessestransform and reach theirfull potential(www.enterpriseconnect.gov.au)

Major Project Facilitation Program provides for the coordination ofapproval processes for projects ofstrategic signi cance to Australia(www.majorprojectfacilitation.gov.au)

The two major Canberra focusedbusiness associations are the ACT andRegion Chamber of Commerce andIndustry (www.actchamber.com.au) andThe Canberra Business Council(www.canberrabusinesscouncil.com.au)


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Canberra is a beautiful, planned cityand a great place to live. With lowcommuting times, a clean environment,sunny days and all the facilities youdexpect from a capital city, Canberrasquality of life is second to none.

It is situated in a picturesque locationwith mountain views and man-madelakes. It is central to key interstateattractions, with the golden sands ofthe New South Wales south coast andthe Snowy Mountains ski elds withineasy access.

Canberra is a tolerant, safe andwelcoming city. Its residents enjoy afamily-friendly environment with highstandards of housing and excellenthealth and education facilities.

As a cosmopolitan city, our cafes andrestaurants re ect the many culturesthat intersect here, and the arts isan integral part of city life. The ACTfrequently has the highest attendancerates at cultural venues and events ofany state and territory 42.

We are home to many of Australiasnational institutions and cultural icons,and enjoy the bene ts of many rst

class attractions and a vibranttourism industry.

The outdoors is a feature of life inCanberra, with great facilities fororganised and recreational sport, orfor just strolling through our parks,gardens and natural bushland.

The Australian Institute of Sport isan internationally recognised sportstraining institute and provides theCanberra community with access toworld-class sporting facilities.

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EXCELLENT42 ABS Cat No 4114.0

QUALITY OF LIFE


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0 10 20

Attendance Rate (%)

30 40 50

Australia

ACT

Musicals & operas

Dance performances

Theatre performances

Popular music concerts

Classical music concerts

Museums

Art galleries

Attendance rates at cultural venues and events ACT & Australia


Canberra is a city of national icons,of education and research, of culture

and natural beauty. It has a dynamic private sector which has a national and international reputation for innovation in high technology products and services

and a public sector that is internationally recognised for the quality of its public administration and governance. Canberra has a lifestyle that is unparalleled and a vibrant community with a world perspective.

Chris Faulks Chief Executive Of cerCanberra Business Council


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The stunning artwork Microscopia, featured in the VIP reception foyer of theAustralian Pavilion at the 2010 ShanghaiWorld Expo, was created at the CanberraGlassworks by internationally recognisedAustralian artist Warren Langley.

Microscopia forms a stunning backdropto over 200 business events hosted inthe Australian Pavilion over the six monthperiod.

Canberra Glassworks, built and fundedby the ACT Government, is Australiaspremier glassmaking facility and the rstglass centre in the southern hemisphere.Established in late 2006, it is home toa breathtaking diversity and scale of

glassworking equipment and assumesa leadership role in raising the visibilityand vitality of Australian glass locally,nationally and internationally.

Australia has developed an enviablereputation for the quality and skill of itsglass artists. The Canberra Glassworksprovides artists with intensive workshops,studios and mentoring programs, and aunique context to explore, develop and

realise new work. The highly skilled anddedicated staff of the facility are closelyconnected with a network of master glassartists across the globe.

Visitors to the Canberra Glassworkscan meet artists, see glass making asit happens, view exhibitions, take toursand have a hands-on experience workingwith glass.

www.canberraglassworks.com

Microscopia,commissioned bythe ACT Government,is a large scaledynamic artworkutilising textured glassand thousands ofLinear Light EmittingDiodes (or LEDs) toliterally paint withlight. This innovativetechnique hasproduced stunningcolour combinationsto create an abstractinterpretation ofthe microscopicorganisms whichform the complexand beautiful detailof Australian marinelife. The vibrancy ofthe artwork re ectsthe brightness andpurity of our southernhemisphere skies.Photographer: Yi Wei/ www.justwei-studio.com

CANBERRA GLASSWORKSILLUMINATES WORLD EXPO

The AustralianCapital Territory is a

silver partner of the

Australian Pavilion as part of the 2010 Shanghai World Expo .

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i t n r i y I (I /IEC 1 :2 ). Cli ck f r ci c ti n

ACTuality See the real thing before you see the real thingACTuality, the website, is a chance toexperience a spectacular tour of Canberra,highlighting our national attractions,businesses, our lifestyle and breathtakingviews of Australias Capital.

The website, with its intuitive visualnavigation, allows you to experience the realthing before you experience the real thing. As

one of the worlds few planned cities,Canberra is the perfect embodiment of theShanghai Expo theme better city - better life.

See yourself in the Nations Capital, Canberra.

Click on the QR code and visit Canberra now.

www.actuality.net.au


CanberraaUstraLIas CaPItaL

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Enquiries

Phone Canberra Connect on:1800 244 650 (Australia)+61 13 22 81 (international)

Visit the website at:www.business.act.gov.au


CanberraaUstraLIas CaPItaL

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See Your Business in Canberra English Lores

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