NSW - Weekly News Bulletin
22/06/2026
Rates Will Rise if Inflation Lingers, Warns Bullock Reserve bank Governor
The Reserve Bank of Australia maintained interest rates at 4.35% but warned further hikes remain possible as inflation stays high. Governor Michele Bullock stated that while the board aims to avoid a recession, additional tightening may be necessary to return inflation to target levels. Despite unemployment rising to 4.5%, the RBA views the labor market as tight. Economists remain divided, with Westpac predicting an August hike while CBA and ANZ suggest rates have peaked. Following the unanimous decision to hold, the Australian dollar fell slightly and the share market rose.
https://www.theguardian.com/australia-news/2026/jun/16/rba-interest-rate-announcement-decision-cash-rates-economy-unemployment-inflation?utm_source=chatgpt.com
18/06/2026
NSW Green Bank makes first investment, backing large-scale battery projects
The NSW Energy Security Corporation (ESC) is investing $100 million in a large-scale battery platform across Sydney, Newcastle, and the Hunter Central Coast. Partnering with Plus Grid Storage, the project will deliver four grid-scale batteries totaling 650 MW. Construction begins next month in Newcastle, with the first 500 MW operational by early 2029. This initiative aims to enhance grid reliability and lower energy prices as the state transitions away from coal-fired power.
https://www.pv-magazine-australia.com/2026/06/16/nsws-1-billion-green-bank-backs-big-batteries-with-first-investment/
09/06/2026
NSW puts $225 million into Green Manufacturing and Jobs
The NSW Government is spending an extra $225 million to help build more eco-friendly products locally and create new jobs in the process. The money will go to businesses that are ready to make things like parts for solar panels and wind turbines, cleaner building materials, and other new green technologies. This builds on a program that has already helped more than 40 businesses and created over 1,000 jobs. The bigger goal is to bring in more private investment, lower energy bills for factories, and help NSW cut its pollution by 70% before 2035 — and reach zero net emissions by 2050.
Source: https://www.nsw.gov.au/ministerial-releases/more-investment-low-carbon-industries
NSW welcomes Australia–EU Free Trade Agreement
After eight years of negotiations, Australia and the European Union concluded a landmark Free Trade Agreement on 24 March 2026, which entered into force the same day. The NSW Government has welcomed the deal. For NSW, the deal creates new opportunities for farmers and food producers, manufacturers, clean energy firms, and tech start-ups. The EU accounts for nearly 16% of global trade, making it an important economic partner for NSW exporters. Australian companies, including SMEs, also gain enhanced access to the EU government procurement market worth approximately $845 billion annually.
Source: https://www.nsw.gov.au/ministerial-releases/nsw-welcomes-landmark-australia-eu-trade-deal
02/06/2026
Australia and UK Formalise Maritime Partnership Through New MOU Saturn Fluid Engineering (Saturn FE) and Cooper Fluid Systems (CFS) have signed a MOU to establish a strategic partnership supporting Australia's defence and maritime sectors. By combining Saturn FE's fluid management expertise with CFS's national footprint, the collaboration enhances sovereign capability in shipbuilding, sustainment, and industrial resilience for surface and sub-surface programs. This initiative aligns with the 2024 Naval Shipbuilding & Sustainment Plan and emphasises international allied cooperation, building on Saturn FE's existing involvement in Canadian naval programs.
https://www.manmonthly.com.au/uk-australia-mou-signed/
International Trade Delegation Visits Hunter Region
The NSW Government hosted international trade delegates on a three-day tour of the Hunter region, showcasing the area's advanced manufacturing and clean economy technology businesses. The delegation visited The Melt (Australia's first hardware accelerator and industry prototyping lab), Kardinia Energy (recyclable solar innovator), Allegro Energy (micro-emulsion flow batteries), and the AGL Hunter Energy Hub and BHP Mt Arthur on regional transition planning and reskilling. Delegates also engaged with Aboriginal businesses Blackrock Industries and Native Botanical Brewery at the Murrook Cultural Centre.
International Trade Delegation visiting the Hunter | NSW Government
28/04/2026
Investment boom in Western Sydney Aerotropolis
Investment momentum in the Western Sydney Aerotropolis continues to accelerate, with private sector commitments increasing from $9.8 billion to $21.6 billion over the past 14 months. This growth is supported by more than $28 billion in government infrastructure investment, including the Western Sydney International Airport, major transport links, and the development of Bradfield City. As the largest undeveloped employment zone in Greater Sydney, spanning 11,200 hectares, the Aerotropolis presents significant long-term opportunities across logistics, advanced manufacturing, and technology sectors.
https://www.nsw.gov.au/ministerial-releases/western-sydney-aerotropolis-investment-takes-off
30/03/2026
The NSW Government welcomes the landmark Australia-EU Trade Agreement
The conclusion of negotiations on a Free Trade Agreement between Australia and the European Union is set to unlock new opportunities for NSW exporters and enhance the state's capacity to attract European investment. The deal provides access to one of the largest economies, benefiting local businesses across various sectors, including agriculture, manufacturing, and clean energy. It enables NSW farmers and food producers to reach European consumers, emphasizes sustainability, and strengthens ties in critical industries. Overall, the agreement is expected to bolster job creation, innovation, and economic growth in NSW.
https://www.nsw.gov.au/ministerial-releases/nsw-welcomes-landmark-australia-eu-trade-deal
09/03/2026
NSW Government offers $20 million to support innovative small businesses.
The NSW state Government has announced grant recipients for two research commercialisation programs and launched the $20 million Emerging Technologies Commercialisation Fund to support high-tech innovations in NSW. At Greenhouse in Sydney, Minister Anoulack Chanthivong highlighted the Fund's aim to aid young companies in developing scientific systems, devices, and therapeutics while enhancing local manufacturing. The initial funding round of $7 million opens on March 6.
https://www.nsw.gov.au/ministerial-releases/nsw-government-gives-20-million-boost-to-innovative-small-business
16/12/2025
China Delegation Led by Minister Chanthivong Secures Trade and Investment Gains for NSW Businesses
Over AU$ 330 million agreements were made between NSW and Guangdong Province during the 30th NSW-Guangdong Joint Economic Meeting in Guangzhou during the trade mission, led by NSW Minister Anoulack Chanthivong’s visit to China. Key outcomes included a research partnership on sustainable agriculture between the Guangdong Academy of Agricultural Sciences and Genesis Australia, and Cochlear establishing an export pipeline into the Greater Bay Area, following a recent agreement to supply medical devices to local hospitals.
https://www.nsw.gov.au/ministerial-releases/china-delegation-led-by-minister-chanthivong-delivers-trade-and-investment-wins-to-nsw-businesses
09/12/2025
NSW Government welcomes OpenAI's investment in NSW
OpenAI' has confirmed to build Data Centre worth AU$ 7 billion in Sydney, launching the Asia Pacific's first OpenAI for Countries initiative. The NSW Government aims to establish NSW as the nation's innovation capital and a prime investment destination, building on its leadership in data centres and technology infrastructure.
https://www.miragenews.com/minns-labor-government-welcomes-openais-1584162/
03/12/2025
Industry Minister leads over 50 NSW Businesses on major Trade Mission to China
NSW Minister for Industry and Trade, Anoulack Chanthivong, is leading a delegation (starting from 1 December) of over 50 NSW businesses and government representatives to the 30th NSW–Guangdong Joint Economic Meeting (JEM) in Guangzhou. As per the report, this event is central to the 46-year sister-state relationship between NSW and Guangdong, China's largest provincial economy, and serves as a platform for discussing bilateral trade cooperation. As part of the mission, the Minister will travel alongside NSW Governor Margaret Beazley and Speaker of the NSW Legislative Assembly Greg Piper to meet with government and industry leaders, attend site visits, engage with NSW businesses and potential investors in Guangzhou, Shanghai and Hong Kong. In 2023–24, China was NSW's largest trading partner, with bilateral goods trade worth AU$ 57.3 billion, including AU$ 12.2 billion in exports.
https://www.nsw.gov.au/ministerial-releases/minister-leads-over-50-nsw-businesses-on-major-trade-mission-to-china
17/09/2025
Australia’s ASIC inks MOU with India to enhance cooperation arrangements
The Australian Securities and Investments Commission (ASIC) has signed a Memorandum of Understanding (MoU) with India’s International Financial Services Centres Authority (IFSCA) to strengthen cooperation. This agreement will help both regulators share information, support each other, and work together on key areas like market trends, technology use in financial services, regulatory compliance, and oversight of market participants.
https://asianbankingandfinance.net/retail-banking/news/australias-asic-inks-mou-india-enhance-cooperation-arrangements
08/09/2025
Trade
Indian Auto Parts and Renewable Equipment Exporters Face Fresh Trade Barriers in Australia
As per news reports, Indian exporters in the auto parts and renewable energy sectors are preparing for new challenges as Australia rolls out stricter product standards and tighter supply chain checks. The Australian has began consultations on a new regulatory framework for consumer energy resource (CER)including rooftop solar energy, household batteries and electric vehicle. Trade analysts note that while the move is aligned with Australia’s broader push for cleaner and more transparent supply chains, it places added pressure on Indian manufacturers to upgrade compliance systems
https://www.livemint.com/industry/india-australia-non-tariff-barriers-auto-renewable-exports-11756723088518.html
01/09/2025
Trade
Import competition weighs on Australia’s wooden furniture manufacturing
Australia’s wooden furniture and upholstered seat makers have seen ups and downs in recent years. According to IBISWorld, demand jumped during the pandemic—especially in 2020–21—as people spent more on home upgrades during lockdowns. But since then, the industry has faced challenges, with cheaper imports from countries like China, Vietnam, and Malaysia making it harder for local manufacturers to grow their revenue.
https://www.australianmanufacturing.com.au/ibisworld-import-competition-weighs-on-australias-wooden-furniture-manufacturing/
01-09-2025
Policy
NSW Government launches New Visitors Economy Strategy
The NSW Government has launched a new Visitor Economy Strategy to boost airline capacity by 8.5 million seats with special focus on Newcastle and Western Sydney International Airports. The goal is to reach $91 billion in yearly visitor spending by 2035. The strategy includes building 40,000 new hotel rooms and creating 150,000 extra jobs across the state.
https://australianaviation.com.au/2025/08/nsw-government-wants-8-5m-more-airline-seats-in-10-years/
Renewable
Country's first large-scale soft plastics recycling facility
A new large-scale soft plastics recycling facility was opened in NSW Mid North Coast. The facility can recycle up to 14,000 tonnes of soft household plastics each year, turning them into pellets and flakes used to make new plastic items. Soft plastics recycling was not available in Australia since the collapse of the national supermarket-based collection scheme REDcycle in 2022.
https://www.abc.net.au/news/2025-08-28/large-scale-recycling-household-soft-plastics-new-taree-facility/105699588
NSW surpasses local manufacturing target with new electric bus order
The NSW Government has announced the purchase of 151 more battery electric buses to grow Sydney’s zero-emission fleet. This brings the total number of new buses purchased since the March 2023 election to 921. The new buses will be made by Australian companies—like Custom Denning in St Marys—and will go beyond the government’s goal of 50% local manufacturing content.
https://www.australianmanufacturing.com.au/nsw-surpasses-local-manufacturing-target-with-new-electric-bus-order/
Technology
ChatGPT owner OpenAI to establish Sydney base
US AI company OpenAI, creator of ChatGPT, is opening an office in Sydney later this year as its user base in Australia grows rapidly. As per the report, the Sydney office will help improve customer support, with OpenAI reporting a 2.5x increase in weekly active users across Australia over the past year. OpenAI plans to connect with Australia’s developers, startups, and businesses through events and partnerships to boost local innovation.
https://www.businessnewsaustralia.com/articles/penai-to-establish-sydney-office.html
Trade
Import competition weighs on Australia’s wooden furniture manufacturing
Australia’s wooden furniture and upholstered seat makers have seen ups and downs in recent years. According to IBISWorld, demand jumped during the pandemic—especially in 2020–21—as people spent more on home upgrades during lockdowns. But since then, the industry has faced challenges, with cheaper imports from countries like China, Vietnam, and Malaysia making it harder for local manufacturers to grow their revenue.
https://www.australianmanufacturing.com.au/ibisworld-import-competition-weighs-on-australias-wooden-furniture-manufacturing/
08-09-2025
Trade
Indian Auto Parts and Renewable Equipment Exporters Face Fresh Trade Barriers in Australia
As per news reports, Indian exporters in the auto parts and renewable energy sectors are preparing for new challenges as Australia rolls out stricter product standards and tighter supply chain checks. The Australian has began consultations on a new regulatory framework for consumer energy resource (CER)including rooftop solar energy, household batteries and electric vehicle. Trade analysts note that while the move is aligned with Australia’s broader push for cleaner and more transparent supply chains, it places added pressure on Indian manufacturers to upgrade compliance systems
https://www.livemint.com/industry/india-australia-non-tariff-barriers-auto-renewable-exports-11756723088518.html
Tourism
Tourism Australia launches next chapter of its global Come and say G’day campaign in key tourism markets
Tourism Australia is moving to the next phase of its popular Come and Say G’day campaign, with the second chapter soon launching in major international tourism markets worldwide. The campaign's creative storytelling highlights an understanding of modern destination marketing challenges. Rather than deploying a one-size-fits-all global message, Tourism Australia crafted a local approach, maintaining consistent brand DNA while allowing for market-specific storytelling.
https://www.bwmarketingworld.com/article/in-india-local-relevance-drives-global-consistency-says-tourism-australias-cmo-susan-coghill-569734
New Flight Routes Connecting Australia, US, China, India, and South Africa Set to Take Off in 2026
Australia’s aviation industry will expand in 2026, adding new flight routes to major destinations including the United States, China, India, and South Africa. These routes will make travel easier for both business and holiday travellers and help strengthen Australia’s links with the world.
https://www.travelandtourworld.com/news/article/new-flight-routes-connecting-australia-us-china-india-and-south-africa-set-to-take-off-in-2026/
Technology
NSW gov to use AI to speed up major development assessments
The NSW government will start using artificial intelligence to speed up assessments of state significant developments, which include data centres and housing developments. The technology will be implemented into the state significant development application process and integrated with the NSW Planning Portal via APIs starting from October.
https://www.itnews.com.au/news/nsw-gov-to-use-ai-to-speed-up-major-development-assessments-620023
Infrastructure
Central Coast enters race for Sydney’s next film studio with $230m plan
A 30-hectare site south of Gosford has emerged as a potential new home for Sydney’s screen and television sector. The planned facility will include 10 sound stages, a film museum, and an education area. It’s expected to create over 2,500 jobs and add $500 million a year to the economy, supported by a recent $100 million NSW Government commitment for a new state film studio.
https://www.nsw.gov.au/departments-and-agencies/dciths/ministerial-media-releases/budget-blockbuster-search-begins-for-second-film-studio-sydney
Patrick Terminals launches world first automated rail terminal
Patrick Terminals the world’s first fully automated on-dock rail terminal (AutoRail) built into an automated container terminal. The project has doubled the terminal’s rail capacity and improved train turnaround times through its state-of-the-art automated rail handling facility.
https://container-news.com/patrick-terminals-launches-world-first-automated-rail-terminal/
17-09-2025
Trade
Australia’s ASIC inks MOU with India to enhance cooperation arrangements
The Australian Securities and Investments Commission (ASIC) has signed a Memorandum of Understanding (MoU) with India’s International Financial Services Centres Authority (IFSCA) to strengthen cooperation. This agreement will help both regulators share information, support each other, and work together on key areas like market trends, technology use in financial services, regulatory compliance, and oversight of market participants.
https://asianbankingandfinance.net/retail-banking/news/australias-asic-inks-mou-india-enhance-cooperation-arrangements
Research & Innovation
Sydney University and Siemens ink $ 9 mln MRI Research Deal
University of Sydney has announced a $9 million partnership with Siemens Healthineers to launch the most advanced MRI scanner in New South Wales. This new facility, the Cima.X 3T MRI Clinical Research Facility, was developed through a strategic collaboration between the University and Siemens Healthineers. It brings cutting-edge imaging technology to the state for the first time, boosting NSW’s ability to conduct advanced medical research and translate it into clinical practice.
https://www.miragenews.com/sydney-uni-siemens-ink-9m-mri-research-deal-1532051/
Education
NSW Education Department turns to Deloitte for Human Capital Management program
The NSW Department of Education has awarded Deloitte $69 million to help roll out a new human resources platform over the next three years. Last year, the department completed the first phase of its human capital management program by moving education support staff from an old SAP system to SAP SuccessFactors. The next phase will focus on introducing recruitment and onboarding for schools, along with core HR services.
https://www.itnews.com.au/news/nsw-education-turns-to-deloitte-for-hcm-program-delivery-619940?
25-09-2025
Infrastructure
First look at Sydney Airport’s ambitious 20-year plan
Sydney Airport’s preliminary draft 2045 master plan, released on 24 September 2025, reveals details of the biggest expansion of the airport since the 2000 Olympics. The plan projects that Kingsford Smith’s airport’s passenger numbers will grow 75 per cent and freight by 133 per cent in the next two decades, notwithstanding increased competition from Western Sydney International, due to open late next year.
https://www.afr.com/companies/transport/new-generation-first-look-at-sydney-airport-s-ambitious-20-year-plan-20250915-p5mv20
Innovation
Engineers develop spray to make clothes more fire-resistant
Researchers at UNSW have created a new fire-resistant spray that can slow down how quickly cotton fabrics catch fire, helping reduce the risk of burns. The spray is made for common items like clothes and bedding, and could be especially helpful for people living in bushfire-prone areas or during emergencies.
https://www.unsw.edu.au/newsroom/news/2025/09/engineers-develop-spray-to-make-clothes-more-fire-resistant
Technology
Local innovation takes root in new markets with CSIRO’s India’s RISE Accelerator
Australian agritech startups are taking their cutting-edge technologies across borders to help tackle critical challenges in sustainable farming, food security, and climate resilience. With support from our India Australia RISE Accelerator program, these climate-tech innovators are scaling their solutions into high-impact markets like India, unlocking new partnerships, pilot programs, and commercial pathways.
https://www.csiro.au/en/news/All/Articles/2025/September/RISE-Agritech-case-study
TCS announces multi-year partnership with ARN Media, Australia
Tata Consultancy Services (TCS) has signed a multi-year deal with ARN Media, one of Australia’s top audio entertainment companies. TCS will help modernise ARN’s technology and business operations, using its experience in the media and entertainment industry.
https://www.business-standard.com/markets/capital-market-news/tcs-announces-multi-year-partnership-with-arn-media-australia-125091600801_1.html
Energy/Mining
Australia ‘should be the main supplier’ of coal as demand grows
Global coal use is increasing, even as a new emissions reduction target for 2035 is set to be announced this week. According to the International Energy Agency, coal consumption reached a record 8.8 billion tonnes in 2024.Consumption was 1.5 per cent higher than 2023 on the back of rising demand in China, India and Indonesia.
https://www.afr.com/companies/mining/climate-targets-must-acknowledge-rising-coal-consumption-new-hope-20250915-p5mv80
Critical minerals
Report tips rare opportunity for Australia
Australia could overtake the US to become the world’s second-largest producer of rare earth elements, behind China. The report, by global intelligence platform Earth Rarest, analysed Australia’s rare earths mining landscape, including global production data and upcoming projects.
https://www.australianmining.com.au/report-tips-rare-opportunity-for-australia/
29-09-2025
Advanced Manufacturing
International Trade Delegation visiting the Hunter
The NSW Government has invited delegates from Canada, China, Germany, India, Indonesia, Ireland, Italy, Japan, Denmark, New Zealand, Philippines, Poland, Portugal, the United Arab Emirates and the United Kingdom to tour prominent businesses and industrial sites. The Hunter region is showcasing its leading advanced manufacturing and clean economy technologies businesses for the visitors to experience first-hand the trade opportunities available.
https://www.nsw.gov.au/ministerial-releases/international-trade-delegation-visiting-hunter
Economy
Golden opportunity: NSW gold shines bright with record prices and expanding operations
New South Wales is riding a wave of gold prosperity, with global prices hitting record highs and the local gold industry generating billions in value, jobs, and investment.Last financial year, gold production in NSW surpassed $4.2 billion—making up more than half of the state’s total mineral output. This underscores gold’s vital role in powering the economy and shaping its future.
https://www.nsw.gov.au/ministerial-releases/golden-opportunity-nsw-gold-shines-bright-record-prices-and-expanding-operations
Technology
New partnership set to launch Western Sydney’s space industry
The Labor Government has joined forces with Space Machines Company to launch a new era in space manufacturing, positioning Bradfield as a key hub for building vital infrastructure like satellites—strengthening Australia’s space capabilities and supporting allied security.Space Machines Company will begin advanced manufacturing at the AMRF this year, aiming to build satellites designed to repair others in long-term orbit. The facility is expected to support production of over 30 units annually at first, scaling up to hundreds per year by 2030.
https://www.nsw.gov.au/ministerial-releases/new-partnership-set-to-launch-western-sydneys-space-industry
Labor Government unlocks potential of Sydney’s Tech Central with new strategy
The Labor Government has launched a new strategy to position Tech Central as Australia’s leading innovation hub.The strategy was unveiled at the Tech Council of Australia’s National Tech Summit in Sydney, where hundreds of leaders from Australian and global tech firms are gathered in the heart of Tech Central.
https://afndaily.com.au/2025/09/24/minns-labor-government-unlocks-potential-of-sydneys-tech-central-with-new-strategy/
Circular Economy
Sydney unveils 10-year strategy to cut waste and boost recycling
Sydney has unveiled its draft 2025–2035 strategy to cut landfill and lead in circular economy practices. Key plans include household food scraps collection by 2030, better recycling options for items like soft plastics and textiles, and more support for businesses shifting to sustainable operations.
https://www.australianmanufacturing.com.au/city-of-sydney-unveils-10-year-strategy-to-cut-waste-and-boost-recycling/
15/07/2025
NSW injects millions for clean energy innovation
The New South Wales Government will invest $26.2 million in 13 projects aimed at advancing emissions reduction technologies from research to commercial use, funded by the $275 million Net-Zero Manufacturing Initiative. The focus is on developing new technologies that help achieve net-zero emissions by 2050. One example is Novalith Technologies, which will receive a $1.5 million grant to scale its lithium extraction process sustainably. The NSW Government aims to support homegrown solutions that contribute to a low-carbon economy and expects all projects to be completed by 2028.
https://www.australianmining.com.au/nsw-injects-millions-for-clean-energy-innovation/
Orica Hunter Valley hydrogen hub secures $432 million
The Orica Hunter Valley Hydrogen Hub is set to receive up to $432 million in funding from the Australian Renewable Energy Agency (ARENA) through the Hydrogen Headstart Program (The programme is Australian government’s initiative aimed at accelerating the development of renewable hydrogen industry. Launched in the 2023-24 federal budget with an initial commitment of $2 billion). The project will use a 50-megawatt electrolyser powered by renewable energy to produce hydrogen for ammonia production at the Kooragang Island facility, replacing natural gas.
https://www.manmonthly.com.au/orica-hunter-valley-hydrogen-hub-secures-432-million/
07/07/2025
NSW Energy Security Corporation open for business
The Energy Security Corporation is officially launched in New South Wales, with an independent Board and $1 billion in funding to invest in renewable energy projects. As a government-backed investor, it aims to enhance the reliability and security of the state's energy system by co-investing with the private sector. The inaugural Board, chaired by Cameron O'Reilly, will focus on addressing investment gaps and enabling large-scale storage, infrastructure upgrades, and consumer energy resource coordination. The government emphasizes the importance of this initiative for securing renewable energy benefits for residents and businesses, aiming for a transformative impact on the state’s energy landscape. CEO Paul Peters noted the corporation's commitment to urgent infrastructure investments.
https://www.energymagazine.com.au/nsw-energy-security-corporation-open-for-business/
24/06/2025
NSW freight industry set to grow to $130 billion by 2061
The freight sector in NSW is projected to employ an additional 235,000 workers and contribute $131.5 billion to the economy by 2061, according to a report led by Dr. Kerry Schott AO. The report outlines a roadmap for integrating freight into transport networks and recommends exploring opportunities for off-peak freight movement. Minister for Transport of NSW John Graham emphasized the importance of freight for the economy and potential job growth. Currently, the freight sector contributes $74 billion and employs 330,000 people. The roadmap suggests actions to enhance productivity and address workforce shortages.
https://www.manmonthly.com.au/nsw-freight-industry-set-to-grow-to-130-billion/
Investment Delivery Authority to turbocharge business investment in NSW
NSW will enhance its status as a global innovation and investment hub through the creation of the Investment Delivery Authority, supported by nearly $80 million in funding from the 2025-26 Budget. This initiative aims to simplify the investment process, cut red tape, and accelerate major project approvals across various sectors. It is expected to assist around 30 large projects per year, potentially unlocking up to $50 billion in investments. Additionally, the Innovation Blueprint will leverage the state's leading position in venture capital to foster more tech successes. Key funding allocations include support for Tech Central, emerging technology commercialization, and initiatives to promote diversity among tech founders. Government officials emphasize that these reforms will drive economic growth and position NSW as a leader in innovation and industry.
https://www.nsw.gov.au/ministerial-releases/investment-delivery-authority-to-turbocharge-business-investment-nsw
10/02/2025
Wollongong businesses encouraged to pursue growth opportunities in South East Asia
NSW Government organised a business event as part of its ASEAN Market Updates series at University of Wollongong’s Innovation Campus, focusing on the trade potential of Wollongong and the Illawarra areas, which aimed to inform local businesses about export opportunities in Southeast Asia. The region is NSW's second-largest trading partner with the ASEAN, with significant growth expected in sectors like food, health, and digital economy. The event featured around 80 participants, including local businesses and diplomatic representatives. Anoulack Chanthivong, NSW Minister for Industry and Trade emphasized the opportunities for NSW exporters in the growing ASEAN market, while Ryan Park, NSW Minister for the Illawarra and the South Coast highlighted the Illawarra’s innovative businesses and potential for growth in Southeast Asia.
https://www.investment.nsw.gov.au/news-and-events/media-releases/wollongong-businesses-encouraged-to-pursue-growth-opportunities-in-south-east-asia/
27-01-2025
New NSW Gov’t Industrial Lands Action Plan
The NSW Government's Industrial Lands Action Plan aims to enhance the planning, securing, and management of industrial lands, focusing on increasing land for industrial use like depots and warehouses. This is vital for economic viability, job creation, and the construction industry's material supply. In 2024, industrial activities contributed about $174 billion to the NSW economy. The plan will categorize lands as State, Regional, or Locally Significant to support economic growth and investment.
https://www.manmonthly.com.au/new-nsw-govt-industrial-lands-action-plan/
16-12-2024 Cyient opens new office in Sydney, Australia
Cyient stands as a global leader in Automotive Engineering Services and has been recognized as a Leader in Data & AI for its innovative approach to Data and AI Engineering. To bolster its presence in the Australian market and expand its expertise in the connectivity sector, Cyient has inaugurated a new office in Parramatta (Sydney). This state-of-the-art facility, accommodating over 100 associates, is designed to foster collaboration with connectivity providers and drive innovation. The expansion not only strengthens Cyient’s foothold in connectivity but also opens avenues in other industries, attracts top-tier talent, and promotes partnerships with local industry leaders.
https://www.business-standard.com/markets/capital-market-news/cyient-opens-new-office-in-sydney-australia-124121100823_1.html
TWPG adds new facility in Newcastle
The Whiskey Project Group (TWPG) is expanding its manufacturing presence in New South Wales by acquiring the former Moda boats site in Newcastle, increasing its capacity by 125%. The new 1,024-square-metre facility will shift from recreational to commercial watercraft production for clients like Naiad, the SES, and the Australian Navy. TWPG has boosted local manufacturing by creating over 45% more jobs and enhancing its industrial footprint. CEO Darren Schuback emphasized the commitment to local jobs and advanced manufacturing, positioning New South Wales as a leader in shipbuilding.
https://asiapacificdefencereporter.com/twpg-adds-new-facility-in-newcastle/
9-12-2024
$47 million Manufacturing Centre of Excellence announced in NSW
The Federal and NSW Governments are investing over $47 million to create the Illawarra Heavy Industry Manufacturing Centre of Excellence at TAFE (Technical and Further Education) at Wollongong. The center will provide advanced training in heavy industry manufacturing, integrating digital and robotic technologies. It aims to offer targeted training for the defence and transport sectors, deliver microskills, and pilot a new Associate Degree in Manufacturing and Applied Digital Technologies. Courses will include Engineering Mechanical Trade, Laboratory Skills, and 3D Printing. This initiative supports the Albanese Government’s Future Made in Australia plan and follows the establishment of other manufacturing centers. The Albanese Government is also investing $325 million under the National Skills Agreement to create up to 20 TAFE Centres of Excellence. Some courses will be available from 2025, with the site ready by 2027.
https://www.manmonthly.com.au/47-million-manufacturing-centre-of-excellence-announced-in-nsw/
Trade mission including manufacturers kicks off in NSW
The NSW Government is conducting a three-day international trade mission in the South Coast to promote regional New South Wales and its emerging industries to global investors. Delegates from 13 countries are participating, focusing on investment and trade opportunities. Minister Tara Moriarty, NSW Minister for Agriculture, emphasized the region's beauty and potential for job creation and growth. The mission includes visits to local businesses and highlights innovations in waste reduction and energy sourcing. It is part of the Regional Investment Activation Program, which has previously supported trade missions in various regional areas.
https://www.manmonthly.com.au/trade-mission-including-manufacturers-kicks-off-in-nsw/
14/11/2024
NSW businesses set to shine at world-leading expo in China
The NSW Government is backing 29 businesses in the food, beverage, and health supplement industries to showcase their products at the China International Import Expo (CIIE), a leading six-day trade show focused on imports. China has been NSW's largest trading partner for nearly two decades, importing more agricultural products from NSW than any other nation, valued at $3.6 billion in 2023/2024. Significant opportunities exist to further expand exports, especially in the food and beverage sector, where NSW's premium products are highly regarded. The CIIE will take place in Shanghai from November 5-10, 2024.
https://app.wordtune.com/editor/write/0d7af27b-b1b6-4d59-b7d5-50c87090aef1
20 october,2024
NSW sets target to boost screen industries
The NSW government's new three-year screen and digital games strategy focuses on supporting Australian storytelling, developing creative talent, and growing the digital games sector. Key elements include a $1 million pilot program to address skills shortages, a $200,000 IP option fund to turn local content into screen and gaming, a $200,000 Community Film Festival Opening Night Fund, and plans to address filming infrastructure and establish a new creative hub. The strategy also aims to increase NSW's digital games revenue to $406.39 million by 2027-28 through new incentives.
https://www.echo.net.au/2024/10/nsw-sets-target-to-boost-screen-industries/
NSW to introduce critical minerals royalties scheme
The NSW Government has unveiled a $250 million royalty deferral scheme to position the state as a key critical minerals player. The NSW Critical Minerals and High-Tech Metals Strategy will provide a framework for the industry, comprising five key pillars. NSW currently has 21 of the 31 minerals considered critical in Australia, with 12 critical minerals projects across the state that are investment ready, requiring $7.6 billion in capital. The $250 million in royalty relief will allow critical minerals projects in NSW rely less on other streams of investment.
https://www.australianmining.com.au/nsw-to-introduce-critical-minerals-royalties-scheme/
29 September, 2024
Sydney requires an annual investment of $4 billion for upcoming metro projects.
The Sydney Metro line extension opened in August, attracting significant passenger traffic, marking a major transport transformation comparable to the Sydney Harbour Bridge. However, the T3 line between Sydenham and Bankstown will close for a year for upgrades, affecting 60,000 daily commuters who will face longer bus journeys. Replacement shuttle services are expected to start by mid-October. In the long term, the conversion will enhance public transport in south-western Sydney, with future projects planned, including the Metro West by 2032. A review suggests investing up to $4 billion annually in rail development to support housing and economic growth. Immediate action is crucial to avoid stagnation.
https://www.smh.com.au/national/nsw/why-sydney-needs-4-billion-a-year-for-future-metro-projects-20240926-p5kdub.html
Collaborative Investment in Adult Literacy and Numeracy Programs in NSW
The NSW Government has launched its Adult and Community Education (ACE) Strategy to enhance training in language, literacy, numeracy, and digital skills for disadvantaged learners. Supported by a $22.8 million Federal investment over five years, the strategy aims to build foundational skills and improve work readiness among these learners, complementing the NSW Government's annual $24.2 million investment in adult education. Key initiatives include strengthening educator capabilities, enhancing flexible learning pathways, and providing outreach support to connect disadvantaged individuals with educational opportunities. The Department of Education will evaluate the strategy's progress annually.Ministers from both the Federal and NSW Governments emphasized the importance of these skills for career potential and community empowerment, highlighting the strategy's role in facilitating access to further training and employment opportunities.
https://www.nsw.gov.au/media-releases/joint-investment-nsw-adult-literacy-and-numeracy
15 September, 2024
The NSW Government supported for the proposed ban on importing engineered stone
The NSW Government has welcomed the Federal Government's proposed ban on the importation of engineered stone benchtops, slabs and panels with a silica content of more than one percent from 1 January 2025. This follows the world-first domestic ban on the use, supply and manufacture of such products in Australia that started on 1 July this year. The proposed importation ban aims to reduce the availability of banned engineered stone products to help prevent silicosis, a lung disease caused by breathing in small particles of silica dust. New work health safety requirements for the processing of crystalline silica substances also began on 1 September 2024. Employers can face penalties up to $40,000 for non-compliance.
https://www.manmonthly.com.au/nsw-govt-welcomes-proposed-ban-on-importing-engineered-stone/
3/09/2024
NSW startups get a new home away from home in Southeast Asia
Startups and innovators in NSW have new opportunities to grow and expand into lucrative Southeast Asian markets with the NSW Government inking new agreements with International Landing Pads in Vietnam, Indonesia and Malaysia.Landing Pads give startups access to workspace, networks and services that help them scale up innovative ideas and get them into the market.
https://www.nsw.gov.au/media-releases/nsw-startups-get-a-new-home-away-from-home-southeast-asia
27/08/2024
Singapore to be Western Sydney’s first international carrier
Western Sydney International Airport (WSI) has announced its first international carrier as it prepares to open in two years’ time.Singapore Airlines (SIA) has confirmed it will fly from the 24-hour Greenfield Airport when it opens in 2026, connecting WSI non-stop to Singapore Changi Airport. The announcement follows a memorandum of understanding signed between WSI and SIA in 2023.
https://australianaviation.com.au/2024/08/singapore-to-be-western-sydneys-first-international-carrier/
NSW Government delivers new era for rice industry
The NSW Government passed legislation to deregulate the state's rice industry, with a transition period from 1 September to 1 July 2025. This move aims to increase competition and enhance the long-term viability of the industry. It is a crucial part of the NSW Government's commitment to providing new opportunities to the agriculture sector and ensuring that regulations do not impede industry growth.
https://www.nsw.gov.au/media-releases/minns-government-delivers-new-era-for-rice-industry
Investing to secure the future of industries in regional NSW.
The NSW Government is committed to securing the future of New South Wales’s regional communities and agriculture sector. They have allocated over $60 million to upgrade seven research facilities and five emergency response sites across regional New South Wales.
https://www.nsw.gov.au/media-releases/investment-to-safeguard-future-of-regional-nsw-industries
23/08/2024
Hunter Joint Organisation has been awarded a $349,000 grant from the Waste Solutions Fund.
The Hunter Joint Organisation of Councils and its partners are collaborating to gain a better understanding of the barriers to using circular products and solutions in councils. The project aims to assist councils in reducing the environmental impact of the materials they consume by working with suppliers and exploring lower impact alternatives. The 10 member councils of the Hunter JO are committed to minimizing the need for new materials and instead focusing on innovative ways to reuse and reduce their environmental footprint.
https://www.nsw.gov.au/media-releases/hunter-joint-organisation-awarded-349000-waste-solutions-fund-grant
Splend secures $20 million in clean energy funding to enhance the electric vehicle fleet for Uber drivers.
Fintech Splend has received $20 million in funding from the Federal government's green bank. The vehicle-subscription service aims to build a portfolio of 2000 electric vehicles by the end of 2024. This Sydney-based start-up, established in 2015, has secured a total of $40 million from the Clean Energy Finance Corporation (CEFC) since June of last year for its subscription service, which provides rental vehicles to rideshare and delivery drivers.
https://www.theaustralian.com.au/business/technology/splend-scores-20m-clean-energy-funding-to-boost-ev-fleet-for-uber-drivers/news-story/b9dd3fb77a0e01efe5b2a2b76fa4ec16
The NSW Government has provided funding for the establishment of the commercial fishing industry's first single peak body.
The NSW Government has fulfilled another election promise by allocating $1,050,000 to establish a peak body for the commercial fishing industry. This will enable an effective advocate to collaborate with the government in promoting a sustainable and thriving commercial fishing sector.
https://www.nsw.gov.au/media-releases/nsw-government-funds-commercial-fishing-industrys-first-single-peak-body
29/07/2024
Eraring battery powering ahead
The second stage development of the large-scale battery at Eraring Power Station has received approval, along with a $450 million investment from Origin Energy. This second stage will involve the addition of a 240MW/1030MWh four-hour duration grid-forming battery to the existing 460MW/1073MWh two-hour duration first stage battery development, which is currently under construction and expected to be operational by the end of the 2025 calendar year. The combined energy storage capacity of the stage one and stage two batteries will exceed 2GWh, enabling Origin to contribute to grid stability and accommodate the increasing influx of variable renewable energy into the system.
https://www.energymagazine.com.au/eraring-battery-powering-ahead/
16/07/2024
NSW Government progresses towards Future Jobs & Investment Authorities in coal-producing regions.
The Minister for Natural Resources, Courtney Houssos, the Minister for Energy, Penny Sharpe, and the Mayor of Cessnock, Jay Suvaal, hosted a Roundtable on Tuesday to discuss the establishment of Future Jobs & Investment Authorities in coal-producing regions by the NSW Government. New authorities will be set up in the Hunter, Illawarra, Central West, and North West to create jobs, re-skill workers where necessary, and promote economic diversification. This is a key priority for the Minns Labor Government.
https://www.nsw.gov.au/media-releases/nsw-government-takes-next-steps-towards-future-jobs-investment-authorities-coal-producing-regions
$33.9 million allocated for drug and alcohol support, and finalizing Drug Hubs in the summit.
The NSW Labor Government has planned to fund 12 new alcohol and other drug hubs across the state to provide increased access to support and treatment for people at risk of harm from alcohol and drug use. Twelve not-for-profit organizations will receive a share of $33.9 million over four years to deliver comprehensive alcohol and other drug support services in response to the Special Commission of Inquiry into the Drug ‘Ice’ by the NSW Government.
https://www.health.nsw.gov.au/news/Pages/20240712_00.aspx
Quad Senior Officials’ Meeting, 3 July, 2024
On 3 July, senior officials from Australia's Department of Foreign Affairs and Trade, India’s Ministry of External Affairs, Japan’s Ministry of Foreign Affairs and the US Department of State met by videoconference to review progress on initiatives agreed by Quad leaders at the 2023 Summit in Hiroshima.At the meeting, officials discussed the significant, tangible contributions the Quad is delivering in the Indo-Pacific in 2024. The Quad is training the region’s infrastructure experts, enhancing health security, providing vital maritime domain awareness training and data, responding to climate change, countering terrorism and building resilience through undersea cable and telecommunications connectivity.
https://www.dfat.gov.au/news/media-release/quad-senior-officials-meeting-3-july-2024
09/07/2024
NSW state budget showed "restraint" to avoid adding to inflation, says Mr.Chris Minns.
New South Wales Premier Chris Minns emphasized the importance of "budget restraint" to avoid contributing to inflation in the economy. The New South Wales Treasurer presented the state budget, revealing a significant allocation towards social housing aimed at supporting those in greatest need. "The primary concerns for households and businesses are interest rates and inflation," stated Mr. Minns in an interview with Sky News Australia. "We have made it clear that we do not intend to further burden the Reserve Bank when they make decisions about interest rates."
https://www.theaustralian.com.au/nation/politics/nsw-state-budget-exercised-restraint-to-not-add-to-inflation-chris-minns/video/b3aeb27d7d8d1c0dad8dd1d9da10ae08
NSW is projected to have a deficit until 2027-28 due to an $11.9 billion GST shortfall.
The NSW budget is projected to experience four more years of consecutive deficits until the 2027-28 financial year due to the GST fallout, resulting in an $11.9 billion impact on the state’s finances. NSW Treasurer Daniel Mookhey will announce the state budget, stating that the government plans to address the budget shortfall through a deficit, rather than implementing austerity measures such as tax hikes or drastic spending cuts.
https://www.theaustralian.com.au/news/latest-news/nsw-forecast-to-record-a-deficit-until-202728-due-to-119bn-gst-rip-off/news-story/07385df7c4e1a43667935795d0c4e297
The significant increase in international student visa fees is prompting students to consider options outside of Australia.
International students have been surprised by the significant increase in visa fees, which have jumped from $710 to $1,600. According to the government, this adjustment is intended to support crucial higher education reforms.
https://www.abc.net.au/news/2024-07-04/international-students-react-to-hike-in-student-visa-fees/104052728
24/06/2024
Tangara Fleet, unlocking rail manufacturing opportunities
The NSW Government has announced a significant investment to replace the Tangara fleet of suburban passenger trains in Australia's rail manufacturing industry. This initiative includes a 50% domestic manufacturing target and aims to retire the 55 8-car trains currently in operation by 2027. The replacement fleet marks the beginning of a long-term plan for locally built trains, extending to the 2050s. Additionally, in July 2023, the NSW and Federal Government held a roundtable discussion on the future of rail manufacturing.
https://icn.org.au/news/tangara-fleet-unlocking-rail-manufacturing-opportunities/
