Lunch with Tim Pallas
Following the release of the Victorian State Budget on Tuesday 2 May, Victorian Treasurer Mr Tim Pallas MP, shared his insights at an exclusive Foundation-Member only lunch, kindly hosted by EY.
Committee for Melbourne CEO Martine Letts, Treasurer of Victoria Mr Tim Pallas MP, EY Indirect Tax and GST Partner Rhys Penning
The Treasurer provided an overview of the Victorian economy’s growth trajectory, and discussed how the Victorian Government is positioning the state to cope with a population expected to reach 10 million by mid-century.
Tim Pallas discussed his third budget, noting that his first focused on election commitments, his second on infrastructure and his third on infrastructure and social issues.
During the discussion, the Treasurer noted that the 2017-18 State Budget is testament to the Andrews Government’s commitment to creating a safe, fair and prosperous state. He highlighted that all 227 recommendations to emerge from the Royal Commission into family violence were being implemented, while $30 billion worth of infrastructure investment will help the state remain productive and vibrant.
View the event photos.
Read our State Budget briefing note.
Metro Tunnel update
A large amount of construction is now underway across Melbourne, and will continue for the next five years, to provide the new infrastructure for the $11 billion Metro Tunnel Project.
While Melburnians will benefit from five new inner-city stations at Arden, Parkville, two new stations in the CBD and one at Domain, there will be some changes to the road and public transport network in June and July:
- New tram connection on Toorak Road West and St Kilda Road to circumnavigate the Domain Station construction works in early 2018
- Temporary reductions in the numbers of lanes on roads near construction sites
- Replacement of buses with trams
- Changes to timetables and routes of some local buses
To keep workplaces moving while major Metro Tunnel construction is underway, the Melbourne Metro Rail Authority (MMRA) has a team of transport advisors who can support your business by providing:
- Information packs to assist workplaces in developing a Travel Action Plan
- A Travel Survey template that workplaces can adapt for their employees, visitors and suppliers to understand how they travel to and from different sites
- Briefings and drop-in sessions for employees, executive teams and building managers
For large organisations, tailored one-to-one advice is available from a dedicated travel advisor.
Melburnians are being encouraged to be keep up-to-date by contacting the MMRA Your Journey team directly or signing up for Your Journey business updates and information.
Asia Society Australia is launching a new publication, Disruptive Asia, on Friday 30 June at the National Gallery of Victoria.
A curated collection of 20 essays from Australian and global Asia watchers and practitioners, Disruptive Asia will provide different perspectives on how Asia’s rise is fundamentally changing Australia’s foreign policy, economy and society and how Australia should respond.
Excerpts from five of the 20 essays were published in the Australian Financial Review, read them here (paywall).
Highlighting the work of our MELBOURNE 4.0 Taskforce in relation to Asia's rise, Committee for Melbourne CEO Martine Letts will provide a Melbourne perspective at the launch and engage in conversation with fellow panellists:
- Executive Director of La Trobe Asia at La Trobe University, Professor Nick Bisley
- University of Technology Sydney Professor, Wanning Sun
- Most recently senior correspondent at The Age, Daniel Flitton
Register now for this free event and follow the conversation on Twitter using #DisruptiveAsia!
Future Focus Group
Future Focus Group projects are taking shape!
With only six months until graduation, project teams in the 2016-17 cohort are submitting second drafts of their respective project business plans while the 2017-18 cohort presented their proposed projects at EY to a high-profile review panel made up of:
Swinburne University of Technology Acting Vice-President, Jane Ward
MCEC Deputy Chief, Leighton Wood
EY Melbourne Managing Partner and Committee for Melbourne Director, Gerard Dalbosco
Future Focus Group Chairman, Jack Smorgon AO
Committee for Melbourne CEO, Martine Letts
Future Focus Group review panel
Later this month both cohorts will participate in the first-ever mega workshop, hosted by The Walter and Eliza Hall Institute of Medical Research - a perfect opportunity for all sixty FFG participants to connect and learn about each others' projects.
Queen's Birthday Honours - We congratulate the following representatives from our member organisations who received the prestigious Order of Australia for their eminent service and outstanding achievements at this year's Queen's Birthday Honours.
Lord Mayor of Melbourne, Cr Robert Doyle AC
Swinburne University Vice-Chancellor and MELBOURNE 4.0 Steering Group member, Professor Linda Kristjanson AO
Victoria University Vice-Chancellor Professor Peter Dawkins AO
What's on our radar
Enhancing Victoria’s economic performance and productivity - Industry has an opportunity to submit ideas on how to strengthen Victoria’s economy by responding to a discussion paper just released by the Premier’s Jobs and Investment Panel, chaired by prominent Melburnian Harold Mitchell AC. 'Enhancing Victoria’s economic performance and productivity' invites public comment on new economic opportunities and challenges for Victoria. Views are being sought on how government and industry can work together to raise Victoria’s economy and invigorate the state’s productivity in light of disruptive technologies, global trends and structural changes. Submissions close on 2 August 2017.
Australia’s competitiveness sliding - Australia dropped from 17 to 21 and has fallen outside the top 20 nations for business competitiveness, according to the latest report released by Swiss-based International Institute for Management Development (IMD). Significant work from the public and private sector will be required to reverse the trend.
Invention is not innovation - The University of Melbourne's alumni magazine’s report on innovation quotes BioMelbourne Network CEO, Dr Krystal Evans, who describes innovation "as a process creating a product or service that provides a solution to a significant problem, with vastly improved outcomes.” Office of Innovation and Science Australia CEO and FFG alumnus, Dr Charlie Day adds, “I strongly believe innovation is a team sport ... to be successful you need to assemble the best players to be part of that team.”