This document provides an overview of the Australian gas market and considerations for UK businesses looking to do business in Australia. It discusses Australia's stable economy, similarities to the UK, major gas projects and operators, and the process for project approval and tendering. It also outlines practical issues for setting up a business in Australia such as establishing a subsidiary or branch, registering with relevant authorities, tax rates and requirements, and employer obligations. UKTI and its representatives are available to assist UK businesses with market information, introductions and promoting opportunities in Australia.
UK Trade & Investment gives an overview of Australia's trade and economic conditions before passing to ASG immigration for detailed advice on Australia's 457 visa for highly skilled workers.
The internet is fast becoming Australia’s most popular shopping destination - 48% of Australians made online fashion purchases in 2012. A recent survey showed Australians spent the equivalent of £7.3 billion shopping online last year, up by 23 per cent from 2011. British companies such as ASOS and Topshop have already found firm footing in this high demand market and have opened the doors for other UK fashion labels to be successful here.
This presentation outlines the current opportunities and trends as well as tips on how to sell online effectively to Australia.
While Australia is a great place to do business, like any destination businesses that don't plan thoroughly can run into difficulties. Scott Strain from UK Trade & Investment combines with Diane Tipping from the Australian Institute of Export to give British companies a quick lesson on avoiding common exporting pitfalls.
The CHRISVINC profile offers a glimpse into our extensive multidisciplinary capabilities to support business through our humongous expertise in the area of Indirect taxation, customs & import-export regulations, foreign trade policy, special economic & free trade and warehousing zone, regulatory system and international trade operations.
We would appreciate your queries on any of the above-mentioned subjects. Kindly email queries to info@chrisvinc.com.
International Medical Careers Forum is a series of events designed to give delegates the knowledge, support and connections to confidently work internationally.
The topics covered in this session include building a successful career and expat lifestyle in the Gulf, getting your personal tax status and residency right, managing your finances in different currencies, getting the right visas and immigration status and selecting the best education for your children.
Alison Vine, Director at Deloitte, gives practical and concise update on all the latest tax and NIC developments, topical tax issues, planning you will need to be aware of, and the impact of these changes on your clients and your business.
UK Trade & Investment gives an overview of Australia's trade and economic conditions before passing to ASG immigration for detailed advice on Australia's 457 visa for highly skilled workers.
The internet is fast becoming Australia’s most popular shopping destination - 48% of Australians made online fashion purchases in 2012. A recent survey showed Australians spent the equivalent of £7.3 billion shopping online last year, up by 23 per cent from 2011. British companies such as ASOS and Topshop have already found firm footing in this high demand market and have opened the doors for other UK fashion labels to be successful here.
This presentation outlines the current opportunities and trends as well as tips on how to sell online effectively to Australia.
While Australia is a great place to do business, like any destination businesses that don't plan thoroughly can run into difficulties. Scott Strain from UK Trade & Investment combines with Diane Tipping from the Australian Institute of Export to give British companies a quick lesson on avoiding common exporting pitfalls.
The CHRISVINC profile offers a glimpse into our extensive multidisciplinary capabilities to support business through our humongous expertise in the area of Indirect taxation, customs & import-export regulations, foreign trade policy, special economic & free trade and warehousing zone, regulatory system and international trade operations.
We would appreciate your queries on any of the above-mentioned subjects. Kindly email queries to info@chrisvinc.com.
International Medical Careers Forum is a series of events designed to give delegates the knowledge, support and connections to confidently work internationally.
The topics covered in this session include building a successful career and expat lifestyle in the Gulf, getting your personal tax status and residency right, managing your finances in different currencies, getting the right visas and immigration status and selecting the best education for your children.
Alison Vine, Director at Deloitte, gives practical and concise update on all the latest tax and NIC developments, topical tax issues, planning you will need to be aware of, and the impact of these changes on your clients and your business.
Peter Swabey, ICSA Policy and Research Director, gave an insight into what’s coming up on the legal and regulatory horizon, providing a stimulating and concise way to plan for what’s ahead, exchange ideas on best practice and network with peers and colleagues.
Integrating Special Economic Zones into Economic Development StrategiesOECDglobal
17 February – The Seventh Meeting of the Working Group on Investment Zones in Iraq, Paris, France
Session 1: Rationales for Special Economic Zones (SEZs) and Best Practices
Integrating Special Economic Zones into Economic Development Strategies – Thomas FLYNN, Policy Analyst, Global Relations Secretariat, OECD
Blue Corridor NGV Rally 2013 - EU Action on Natural Gas and BiomethaneBlueCorridorRally
Gazprom Germania hosted a roundtable discussion on the use of natural gas for transportation in Hamburg, Germany.
This presentation was a part of this roundtable and given by Antonio Tricas-Aizpun regarding the development and growth of the natural gas vehicle industry within the European Union.
The Australia Giftware and Homewares industry is diverse and dynamic with Australian consumers showing a strong appetite for international brands and design. Online retailing also provides one of the largest areas of opportunities for British businesses looking to enter the Australian market.
Key topics covered:
• Challenges, Opportunities and Routes to Market
• Tips for selling online to Australia
• Case studies
• Short Q&A session
A presentation from UK Trade & Investment Australia, giving an overview of doing business in Australia for British companies. Also including tax and legal implications as well as Unipart Rail shares their story of doing business down under.
With Brexit almost here, businesses may think that they have run out of time to achieve Authorised Economic Operator (‘AEO’) accreditation. But, regardless of the future EU/UK trade relationship, AEO accreditation is likely to remain a ‘must have’ for many businesses.
As part of its wider Brexit offering, BDO provides AEO application support, which is tailored to our clients’ specific needs. This flyer summarises the benefits of AEO and how we can assist you.
ATI programme: R&D funding for smaller businessKTN
KTN is hosting a briefing for this £8m competition looking for research and technology projects aimed at delivering world leading civil aerospace technologies.
The Department for Business, Energy & Industrial Strategy (BEIS), in partnership with Innovate UK and Aerospace Technology Institute (ATI), will invest up to £8m in research and technology projects aimed at delivering world leading civil aerospace technologies. Projects must be collaborative and include a UK SME or micro business.
Proposals must align with the UK Aerospace Technology Strategy, ‘Accelerating Ambition’, which is split into the following areas:
• Vehicles
• Advanced systems
• Aerostructures
• Propulsion and power
• Cross-cutting enablers
The competition will open on the 9th November, and on behalf of Innovate UK and ATI, KTN will host an online competition briefing on Monday 2nd November. Companies wishing to apply for the competition will be given the opportunity to give a two-minute elevator pitch and pre-schedule video 1:1 meetings after the briefing. More details on these opportunities will be sent to you after registering.
Fenin en colaboración con el departamento comercial UK Trade and Investment, de la Embajada británica en Madrid, han organizado un foro empresarial dirigido al sector de tecnología sanitaria, con el objetivo de evaluar los sistemas de compras de los sistemas sanitarios de España y Reino Unido (NHS), y conocer las oportunidades de negocio que el NHS representa para empresas españolas de tecnología sanitaria.
Peter Swabey, ICSA Policy and Research Director, gave an insight into what’s coming up on the legal and regulatory horizon, providing a stimulating and concise way to plan for what’s ahead, exchange ideas on best practice and network with peers and colleagues.
Integrating Special Economic Zones into Economic Development StrategiesOECDglobal
17 February – The Seventh Meeting of the Working Group on Investment Zones in Iraq, Paris, France
Session 1: Rationales for Special Economic Zones (SEZs) and Best Practices
Integrating Special Economic Zones into Economic Development Strategies – Thomas FLYNN, Policy Analyst, Global Relations Secretariat, OECD
Blue Corridor NGV Rally 2013 - EU Action on Natural Gas and BiomethaneBlueCorridorRally
Gazprom Germania hosted a roundtable discussion on the use of natural gas for transportation in Hamburg, Germany.
This presentation was a part of this roundtable and given by Antonio Tricas-Aizpun regarding the development and growth of the natural gas vehicle industry within the European Union.
The Australia Giftware and Homewares industry is diverse and dynamic with Australian consumers showing a strong appetite for international brands and design. Online retailing also provides one of the largest areas of opportunities for British businesses looking to enter the Australian market.
Key topics covered:
• Challenges, Opportunities and Routes to Market
• Tips for selling online to Australia
• Case studies
• Short Q&A session
A presentation from UK Trade & Investment Australia, giving an overview of doing business in Australia for British companies. Also including tax and legal implications as well as Unipart Rail shares their story of doing business down under.
With Brexit almost here, businesses may think that they have run out of time to achieve Authorised Economic Operator (‘AEO’) accreditation. But, regardless of the future EU/UK trade relationship, AEO accreditation is likely to remain a ‘must have’ for many businesses.
As part of its wider Brexit offering, BDO provides AEO application support, which is tailored to our clients’ specific needs. This flyer summarises the benefits of AEO and how we can assist you.
ATI programme: R&D funding for smaller businessKTN
KTN is hosting a briefing for this £8m competition looking for research and technology projects aimed at delivering world leading civil aerospace technologies.
The Department for Business, Energy & Industrial Strategy (BEIS), in partnership with Innovate UK and Aerospace Technology Institute (ATI), will invest up to £8m in research and technology projects aimed at delivering world leading civil aerospace technologies. Projects must be collaborative and include a UK SME or micro business.
Proposals must align with the UK Aerospace Technology Strategy, ‘Accelerating Ambition’, which is split into the following areas:
• Vehicles
• Advanced systems
• Aerostructures
• Propulsion and power
• Cross-cutting enablers
The competition will open on the 9th November, and on behalf of Innovate UK and ATI, KTN will host an online competition briefing on Monday 2nd November. Companies wishing to apply for the competition will be given the opportunity to give a two-minute elevator pitch and pre-schedule video 1:1 meetings after the briefing. More details on these opportunities will be sent to you after registering.
Fenin en colaboración con el departamento comercial UK Trade and Investment, de la Embajada británica en Madrid, han organizado un foro empresarial dirigido al sector de tecnología sanitaria, con el objetivo de evaluar los sistemas de compras de los sistemas sanitarios de España y Reino Unido (NHS), y conocer las oportunidades de negocio que el NHS representa para empresas españolas de tecnología sanitaria.
Corporate Compliance Requirements in AustraliaBiz Latin Hub
Visit this link for an up to date information:
https://www.bizlatinhub.com/legal-services/corporate-compliance-requirements-legal-entities-australia/
Unsure about your accounting, taxation and fiscal obligations in Australia? Keep reading, stay informed and ensure you remain in good standing with local authorities.
Brexit - Trade and Supply Chain Implications - BDOJulietWallwork
What will be the Brexit implications for your supply chain?
EU Versus Global Supply Chains - Immediate Steps
Developing a Brexit Strategy - Longer Term Planning
International Tax For SMEs September 2011 Abbreviatedsarogers99
These slides were used in a presentation given to attendees at a recent UKTI / Natwest / Francis Clark LLP seminar in Salisbury - How to Open Up New Markets Overseas.
PKF Francis Clark is delighted to present our 13th annual Finance in Cornwall event on Tuesday 25th June 2019.
Delegates will hear from more than a dozen sources of funding and business support via short presentations and panel discussions, with the opportunity to ask questions and network with other local business owners and directors and professional advisers.
This year we have also teamed up with Cornwall Lenders Forum (a Cornwall Chamber of Commerce initiative), Acceleration Through Innovation and Cornwall Trade and Investment.
We have welcomed over 150 people to the event each year and we recommend that you reserve a place if you are thinking about expanding or investing further in your business in Cornwall.
Australia has an annual healthcare spend of $140 billion. This webinar will explain the processes that companies need to go through to sell their products into the Australian hospital system.
The Australian health system is run through a combination of Commonwealth (or Federal) and State government management. Whilst the Commonwealth government sets the regulatory and policy agenda, each state and territory is responsible for the delivery and management of public health services.
In order to sell products into the Australian public hospital system, companies need to understand the different routes to market and processes involved in each state.
This webinar focused on providing UK healthcare & medical companies with an understanding of the different processes involved to sell into each state within the Australian public hospital system. It touched on regulation, reimbursement, procurement processes and advice on developing the market.
Australia and the UK share policing and security traditions, similar forces structures and parallel security threats and Australia continues to look to the UK as a partner of choice in this area.
The annual combined budget for Australia’s state and federal police agencies now exceeds A$13 bn (approx £7bn) and the Australian police services are actively embracing new technologies to help them cost effectively police Australia's 8.5 million square kilometres.
UKTI in conjunction with professional partner Peter Carter, gave British companies an overview of the sector in Australia, outlining what opportunities exist and giving UK manufacturers some tips on how to access them.
This presentation served as part of a webinar to give British companies hints and tips on how to access the supply chain of major gas projects in Australia.
Australia is one of the world’s largest mining resource producers, a key market for opportunities for UK mining and mining-related businesses. The Australian resources industry is in the midst of great expansion, a large and diversified industry approaching £100bn in size across energy, base metals, precious metals and their ores. A boom decade has brought much competition and winning business is a tough game.
However, in a rapidly capital-intensifying industry, the UK’s strengths in high-technology goods, in professional and other services, its strong cultural, institutional and existing business ties, and the competitive exchange rate for the British pound, bring real opportunities for British businesses.
Linda Miles, UKTI Australia’s mining lead and Ian Hamilton, the British High Commission’s Senior Economist in Australia will look at the broad economic backdrop, the current status of the mining boom and specific areas of UK opportunity.
The much publicised Australian mining boom is winding down, but very strong opportunities for British companies remain across a broad range of industry sectors. The new Australian government has changed some policies but remains focused on business growth. Hear from experts at UK Trade & Investment and ANZ about the latest on the Australian economy.
Introduction to Oil & Gas in Australia, January 2014
1. 29 January 2014
Introduction to Australian Gas Market
Linda Miles, Trade Development Manager, UKTI Perth
Colleen Handy, Tax Manager, UHY Haines Norton
4. 4
Why should you do business in Australia?
Strong and stable economy
AAA credit rating
Good current and future growth prospects
Anglo-Australian bonds
Common language and customs
High regard in Australia for UK products as “High Quality – Low Cost”
Similar business, legal and regulatory framework
Strong Australian Dollar making UK goods and services more affordable
Strong IP protection
Strong presence of British businesses in Australia already
5. 5
Why should you do business in Australia?
Gateway to Asia
Easy access to a region with the greatest potential growth in the world
Educated, multilingual, and skilled workforce
Quality of life
Five Australasian cities listed in the world’s Top Ten most liveable cities (The Economist)
Strong, stable economy
22 years without a recession
GDP per capita in world’s top ten
Average growth rate of 2.5%
Similar to UK
More British people in Australia than any other foreign country
Similar business culture, tax, legal regulations
7. 7
OPERATO
R
UK
BHP Billiton*
BP*
Shell*
Europe
GDF Suez* (France)
Maersk Oil* (Denmark)
Total* (France)
Australia
Arrow Energy
Origin
Santos
Woodside
America
Apache#
Chevron*
ConocoPhillips*
ExxonMobil*
Hess*
Asia
Inpex* (Japan)
PetroChina* (China)
Sinopec* (China)
*Companies with a UK office
#Company with presence in UK North Sea
14. 14
Project Opportunities
State Company Project Status
NT ConocoPhillips Caldita Barossa Feasibility
NT Eni Heron Feasibility
NT GDF Suez Bonaparte LNG Pre-feed
NT Inpex Ichthys Construction
NT PTTEP Cash Maple Feasibility
NT Shell Evans Shoal Feasibility
NT Woodside Sunrise Feasibility
NT ConocoPhillips Darwin LNG Operation
State Company Project Status
VIC ExxonMobil Bass Strait Operation
15. 15
State Company Project Status
WA Apache Olympus Feasibility
WA Apache Zola Feasibility
WA BHP Billiton Macedon Operation
WA Chevron Gorgon Construction
WA Chevron Wheatstone Construction
WA ConocoPhillips Poseidon Feasibility
WA ExxonMobil Scarborough Feasibility
WA Hess Equus Feed
WA Santos Crown Feasibility
WA Shell Crux Feasibility
WA Shell Prelude Construction
WA Woodside Browse Feasibility
WA Woodside Laverda Feasibility
WA Woodside Pluto Operation
16. 16
Process of Tender Approval
Up to
$50mn
$50mn to
$300mn
$300mn
to $1bn
More than
$1bn
P
R
E
/
F
E
E
D
E
P
C
/
M
Even if you are supplying into
a Tier 5 provider, it is
probable that you will require
“Approved Supplier Status”
from Tiers 4, 3, and 2, as well
as the Operator. This is
unless you are only supplying
component parts.
17. 17
*While an existing relationship or past experience with a company may assist in proving your
track record etc, do not expect it to enable side-stepping or skipping parts of the above process.
20. 20
Setting up business – Practical issues
• Expanding your business to Australia is a big step!
• Planning your expansion is key !
• Speak to others who have made the move, local representatives,
accountants, lawyers, Business Development Networks etc
• Don’t assume the laws and regulations will be the same as the UK
• Implementing a tax efficient structure is key to ensuring the commercial
success of your expansion to Australia
In partnership with:
21. 21
Setting up business – Branch vs Subsidiary
• Tax payable by a PE/branch or a subsidiary is the same
• Currently rate of tax is 30% on net profits
• Business assets owned by a non-resident and part of a PE/Branch operations in
Australia remain within scope of Capital Gains Tax (CGT)
• In contrast, the disposal of shares in a subsidiary company by a non-resident will
be outside the scope of CGT, unless that subsidiary’s value is more than 50%
attributable to real property
• Advantages of subsidiary company: limited liability, lower level of disclosure
compared to a branch, generally quicker to set up
In partnership with:
22. 22
Setting up business – Subsidiary
• It can take 1-2 days to register a subsidiary in Australia
• Registering involves lodging an application with ASIC (equivalent of the UK’s
Companies House)
• Once registered the company is provided with an ACN (Australian Company
Number) which must be shown on letterheads and other business documents
• The company is also required to register with the Australian Taxation Office
(ATO) for its ABN (Australian Business Number), GST (similar to VAT), PAYG
(similar to PAYE)
In partnership with:
23. 23
Registering as a foreign Company
• A foreign company or similar entity is able to carry on a business on its own
account (branch or subsidiary) provided it has registered in Australia.
Appointing and authorising at least one local agent or director to act on its behalf
Maintaining a registered office in Australia
Lodging specific company documents and financial statements with ASIC
Identifying the business as a foreign company in written contracts and
correspondence
In partnership with:
24. 24
Setting up business – Branch
• It can take a long time to register a branch in Australia
• Registering involves lodging an application with ASIC (equivalent of the UK’s
Companies House) and original or certified copies of various documents are
required
• The branch is also required to register with the Australian Taxation Office (ATO)
for its ABN (Australian Business Number), GST (similar to VAT), PAYG (similar
to PAYE)
In partnership with:
25. 25
Setting up business – ATO requirements
• Subsidiaries and branches prepare accounts and file tax returns reporting
income and deductions to 30 June each year
• With ATO approval a different accounting period ending on another date
may be adopted
• Deductions are similar to those permitted in the UK and include R&D
incentives
• Transfer pricing policies may be needed – even for SMEs
In partnership with:
26. 26
Setting up business – Employer requirements
• As an employer you must:
Meet minimum wage regulations, EBAs, Union requirements, visa requirements
Pay superannuation on Ordinary Times Earnings
Pay a State Payroll Tax (the rate differs depending on the State the employees
are based in)
Have adequate workers compensation insurance (compulsory)
Research the working hours, holiday pay, long leave and other employment law
requirements
Comply with Health and Safety Requirements
In partnership with:
27. 27
Setting up business – Tax rates
• Rates of tax in Australia for residents to 30 June 2014:
In partnership with:
Threshold Tax rate %
$0- $18,200 0
$18,201 - $37,000 19
$37,001 - $80,000 32.5
$80,001 - $180,000 37
$180,001 + 45
28. 28
Setting up business – Superannuation
• Superannuation is a specially designed long term investment for retirement
savings
• Employers are obliged to pay a minimum superannuation amount for each
employee into a recognised superannuation fund
• Currently this is 9.25%, set to rise to 12% by 30 June 2020, of ordinary
times earnings
In partnership with:
29. 29
What can UKTI Australia do for you?
Introduction services:
Orchestration of meetings with prospective business partners, distributors, suppliers, and
Australian Government bodies
Local knowledge:
Tailored, experienced, and impartial advice about how to maximise your chances of
success in Australia
Market reports:
Provision of up-to-date information about the industry and market, relevant to your
business case
Market testing:
Opportunities to reduce the cost, risk, and time of establishing your business in Australia,
by working in one of our business centres
30. 30
What can UKTI Australia do for you?
Online enlightenment:
Provision of industry-specific web-seminars (“webinars”), accessible from your own homes
and businesses in the UK
Product launch:
Access to one of our boardrooms, for use in marketing your business (available in most
Australian state capitals)
Promotion:
PR services through local media, UKTI e-newsletters, e-marketing, and social media
campaigns
31. 31
What’s next?
Feel free to ask questions after this
presentation
Follow the conversation on LinkedIn
Follow the UKTI twitter account:
@uktiaustralia
Keep yourself updated on the latest
Australian business opportunities
Attend UKTI’s industry-specific webinars
Visit our website: gov.uk/world/australia
32. 32
Questions?
Linda Miles
Trade Development Manager
Email: linda.miles@fco.gov.uk
Chris Egan
Trade Development Officer
Email: chris.egan@fco.gov.uk
Colleen Handy
Tax Manager, UHY Haines Norton
Email: chandy@uhyhn.com.au
Information and images courtesy of: Arkay Career Services, Western Australian Department of State Development, Queensland
Government, Invest Queensland, The Economist Intelligence Unit’s Liveability Ranking and Overview, 2013 Francis Norman, Xodus
Group, PESA News, PESA News Resources Online, The Sydney Morning Herald, UK Trade & Investment, Vividus