Tasmanian businesses began receiving a 25 per cent increase to financial assistance on Monday as the Albanese Labor Government delivered on a key election commitment to boost the Tasmanian Freight Equalisation Scheme. The scheme recognises Tasmania’s reliance on shipping across the Bass Strait and supports Tasmanian shippers to move a range of non-bulk goods by…
Australian manufacturing faces a hidden crisis as the number of toolmakers and engineering pattern-makers has declined by 70 per cent between 2006 and 2021, according to the latest Census data. Only 2,220 practitioners remain in this vital trade, with just 411 of these under 40 years old. Toolmakers and engineering pattern-makers create and repair precision…
The federal government announced plans on Thursday to establish a Critical Minerals Strategic Reserve with an initial investment of $1.2 billion, including a $1 billion increase to the existing Critical Minerals Facility. Prime Minister Anthony Albanese said the initiative would boost Australia’s economic resilience and leverage the country’s abundant resources of critical minerals and rare…
The federal government announced $158 million in funding for three new Cooperative Research Centres (CRCs) on Thursday, with a major focus on manufacturing life-saving medical treatments for diseases including cancer. Industry and Science Minister Ed Husic (pictured) revealed the funding package, which includes $65 million over ten years for the newly established SMART CRC. This…
The Albanese and Minns Labor governments announced on Friday four new Free TAFE courses designed to strengthen Australia’s manufacturing sector by upskilling workers and creating new employment pathways. The courses will be offered through the TAFE NSW Manufacturing Centres of Excellence, established last year with $157.2 million in matched funding from the Commonwealth and NSW…