Report to Parliament
Official Mission to Korea, China, Hong Kong, Indonesia and Singapore 20 July – 3 August 2013
The Honourable Tim Nicholls MP Treasurer and Minister for Trade
PROGRAM ...... 4 KOREA ...... 17 KOREAOFFICIAL DELEGATION MEMBERS – KOREA ...... 18 BUSINESS DELEGATION MEMBERS – KOREA ...... 19 TOUR OF CULTURAL SITES ...... 20 MEETING WITH MR TAE-PYONG CHANG, CHIEF EXECUTIVE OFFICER, AND MR JONG- DAE LEE, VICE PRESIDENT OF THE KOREA RACING AUTHORITY (KRA) ...... 21 MEETING WITH MR DAE-SEOP CHI, PRESIDENT, SEOUL RACEHORSE OWNERS ASSOCIATION (SROA) ...... 22 MEETING WITH MR JE-YONG PARK, CHIEF EXECUTIVE OFFICER OF KTB PRIVATE EQUITY (KTB PE) AND MR YOUNG-WOOK CHIN, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KOREA FINANCE CORPORATION (KOFC) ...... 23 MEETING WITH MR CHONG-SUK CHOI, CHAIRMAN OF BOARD OF DIRECTORS, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KOREA INVESTMENT CORPORATION (KIC) ...... 24 LUNCH MEETING WITH MR HYUNG-KYU KANG, EXECUTIVE VICE PRESIDENT, HEAD OF GLOBAL MARKETING DIVISION, SAMSUNG CONSTRUCTION AND TRADING (SAMSUNG C&T) ...... 25 MEETING WITH MR EUI-RYUNG LEE, VICE CHAIRMAN, AND MR KI-DUCK PARK, EXECUTIVE DIRECTOR, KOREA ZINC CO LTD ...... 27 ENERGY AND INFRASTRUCTURE OPPORTUNITIES IN QUEENSLAND SEMINAR ...... 28 MEETING WITH MR YOUNG-SIK KWON, EXECUTIVE VICE PRESIDENT, RESOURCES BUSINESS DIVISION, KOREA GAS CORPORATION (KOGAS) ...... 29 QUEENSLAND GOVERNMENT RECEPTION SEOUL ...... 30 BREAKFAST MEETING WITH MR MOON-DUK KIM, CHIEF EXECUTIVE OFFICER, KOREA WESTERN POWER CORPORATION (KOWEPO) ...... 32 MEETING WITH DR JUNG-SIK KOH, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KOREA RESOURCES CORPORATION (KORES) ...... 33 MEETING WITH MR SUNG HWAN MOON, PRESIDENT AND CHIEF EXECUTIVE OFFICER, SAMYANG CORPORATION AND SAMYANG GENEX CORPORATION ...... 34 DINNER WITH EDUCATION AND MIGRATION INDUSTRY ...... 36 MEETING WITH MR YONG-IL LEE, EXECUTIVE VICE PRESIDENT OF POSCO ENGINEERING & CONSTRUCTION (POSCO E&C) ...... 37 CHINA ...... 39 OFFICIAL DELEGATION MEMBERS – GUANGZHOU ...... 40 BUSINESS DELEGATION MEMBERS – GUANGZHOU ...... 41 BREAKFAST MEETING WITH KEY CHINESE INVESTORS ...... 43 MEETING WITH MR CHEN GANG, EXECUTIVE VICE, PRESIDENT CHINA SOUTHERN AIRLINES ...... 45 QUEENSLAND INVESTMENT SEMINAR ON BUSINESS MIGRATION AND SIGNIFICANT INVESTOR VISAS ...... 46 DINNER HOSTED BY VICE GOVERNOR OF THE GUANGDONG PROVINCIAL GOVERNMENT ...... 47 MEETING WITH MR MO BIN, CHIEF EXECUTIVE OFFICER OF COUNTRY GARDEN HOLDINGS COMPANY LTD ...... 48 QUEENSLAND GOVERNMENT RECEPTION GUANGZHOU ...... 49 MEETING WITH MR WILLIAM HAN, CHAIRMAN AND OWNER OF WHITE HORSE GROUP AND PARTNERS ...... 50 HONG KONG ...... 51 OFFICIAL DELEGATION MEMBERS – HONG KONG ...... 52 BUSINESS DELEGATION MEMBERS – HONG KONG ...... 53 VISIT TO CULTURAL SITES AND INTEGRATED RESORTS IN MACAU ...... 55 MEETING WITH MR KAM HING LAM, MANAGING DIRECTOR, CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD (CKI) ...... 56 LIVE INTERVIEW WITH ANCHORS SUSAN LI AND SALAMAT IN THE BLOOMBERG’S "ASIA EDGE" TV BROADCAST ...... 57 MEETING WITH DR BENNY WU, CHAIRMAN, CHANG YUANG GROUP ...... 58 QUEENSLAND GOVERNMENT BUSINESS RECEPTION HONG KONG ...... 59 2
TREASURER INTERVIEWED BY SOUTH CHINA MORNING POST ...... 60 MEETING WITH MR DAVID CHIU, CHAIRMAN OF FAR EAST CONSORTIUM INTERNATIONAL LTD (FEC) AND CHAIRMAN OF DORSETT HOSPITALITY INTERNATIONAL ...... 61 MEETING WITH MR TSANG CHUN-WAH (JOHN), GBM, JP, FINANCIAL SECRETARY OF HONG KONG SAR GOVERNMENT ...... 62 MEETING WITH MR KHOON EAN KUOK, CHAIRMAN OF KERRY HOLDINGS LIMITED . 63 INDONESIA ...... 64 OFFICIAL DELEGATION MEMBERS – JAKARTA ...... 65 BUSINESS DELEGATION MEMBERS – JAKARTA ...... 66 MEETING WITH DR BAYU KRISNAMURTHI, VICE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA ...... 67 MEETING WITH MR IRWAN SJARKAWI, PRESIDENT COMMISSIONER OF PT. BAKRIE & BROTHERS TBK ...... 68 LUNCH MEETING HOSTED BY ANZ INDONESIA FOLLOWED BY SITE TOUR OF ANZ BUILDING ...... 69 MEETING WITH H.E. MR GREG MORIARTY, AUSTRALIAN AMBASSADOR TO INDONESIA, EMBASSY OF AUSTRALIA ...... 70 QUEENSLAND GOVERNMENT RECEPTION HOSTED BY THE AUSTRALIAN AMBASSADOR TO INDONESIA, H.E. MR GREG MORIARTY ...... 71 MEETING WITH MR EMIRSYAH SATAR, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF GARUDA INDONESIA ...... 72 SINGAPORE ...... 73 OFFICIAL DELEGATION MEMBERS – SINGAPORE ...... 74 BUSINESS DELEGATION MEMBERS – SINGAPORE ...... 75 QUEENSLAND ALUMNI RECEPTION HOSTED BY HIS EXCELLENCY, MR PHILIP GREEN, OAM, HIGH COMMISSIONER TO SINGAPORE ...... 76 PRIVATE LUNCH HOSTED BY UNITED OVERSEAS BANK AND WITH INVESTORS ...... 77 INVESTMENT ROUNDTABLE WITH ANZ SINGAPORE AND INVESTORS ...... 78 MEETING WITH MR S ISWARAN, MINISTER, PRIME MINISTER'S OFFICE, SECOND MINISTER FOR HOME AFFAIRS, SECOND MINISTER FOR TRADE AND INDUSTRY ...... 80 PRIVATE DINNER WITH KEY ANZ SINGAPORE INVESTOR CLIENTS ...... 81 ATTACHMENT 1 – MEDIA RELEASES ...... 82 ATTACHMENT 2 – INTERNATIONAL MEDIA ...... 98 ATTACHMENT 3 – AUSTRALIAN MEDIA ...... 109
3
PROGRAM
The Honourable Tim Nicholls MP, Treasurer and Minister for Trade’s Mission to Seoul, Guangzhou, Hong Kong, Jakarta and Singapore
20 July – 3 August 2013
MISSION OUTLINE
Times in bold indicates local time Times in normal font indicates Brisbane time
Seoul 1 hour behind Brisbane Guangzhou 2 hours behind Brisbane Hong Kong 2 hours behind Brisbane Jakarta 3 hours behind Brisbane Singapore 2 hours behind Brisbane
Saturday 20 July 2013 – Brisbane/Seoul
8:25am Depart Brisbane International for Seoul (Direct) Korean Air Flight 124 Travel time: 10 hours 10 mins
5:35pm Arrive Seoul 6:35pm pm Transfer to hotel pm Own Arrangements/Liaison time
Overnight Seoul COEX Intercontinental Hotel 524 Bongeunsaro, Gangnam-gu Seoul , 135-975 Korea, Republic Of
Sunday 21 July 2013 – Seoul am/pm Own arrangements/Liaison time
9:30am – 11:30am Tour of Cultural Sites 10:30am – 12:30pm Gyeongbok Place, Myeong-dong and Lotte Department Store
2:00pm Meet in the Hotel lobby 3:00pm
Travel to meeting Travel time: 1 hour
3:00pm – 4:00pm Meeting with Mr Tae Pyong Chang, CEO, and 4
4:00pm – 5:00pm Mr Jong-Dae Lee, Vice President of the Korea Racing Authority (KRA)
Venue: KRA Office, Seoul Race Park, 685 Gyeongmagongwon-daero 107, Juam-dong, Gwacheon-si, Gyeonggi-do
Travel to next meeting Travel time: 30 mins (Facility tour while moving to SROA on foot)
4:30pm – 5:30pm Meeting with Mr Daeseop Chi, President of the Seoul 5:30pm – 6:30pm Racehorse Owners Association (SROA)
Venue: Owner’s Enclosure, Rosehill and Seoul Racecourse Park, 685 Juamdong, Gwacheon, Gyeonggi-do, Korea.
Travel to hotel Travel time: 1 hour
7:00pm Meet in the Hotel lobby 8:00pm Travel to restaurant Travel time: 30 mins
7:30pm Informal Dinner with Business Delegates including 8:30pm Market Briefing by Dr SangMin Woo, Queensland Trade and Investment Commissioner
Venue: Samwon Garden, Address: 623-5, Shinsa-dong, Gangnam-gu, Seoul 135-895
Overnight Seoul COEX Intercontinental Hotel 524 Bongeunsaro, Gangnam-gu Seoul , 135-975 Korea, Republic Of
Monday 22 July 2013 – Seoul
8:00am Meet in the Hotel lobby 9:00am
Travel to meeting Travel time: 1 hour
9:00am – 9:40am Meeting with Mr Je-Yong Park, Chief Executive Officer, 10:00am – 10:40am KTB Private Equity and Mr Young-Wook Chin, President and Chief Executive Officer, Korea Finance Corporation (KoFC)
Venue: Korea Finance Corporation Bldg., 16 Yeouido-Dong, (22 Eunhaeng-Ro), Yeongdeungpo-Gu, Seoul, 150-873
Travel to next meeting 5
Travel time: 40 mins
10:20am – 11:20am Meeting with Mr Chong-Suk Choi, Chairman of Board 11:20am – 12:20pm of Directors, President and CEO, Korea Investment Corporation (KIC)
Venue: State Tower (KIC building) Address: 18F, State Tower, Namsan 100 Toegye-ro, Jung-gu, Seoul 100-052
Travel to next meeting Travel time: 1 hour 10 mins
12:30pm – 2:00pm Lunch Meeting with Mr Hyung-kyu Kang, Executive 1:30pm – 3:00pm Vice President, Head of Global Marketing Division, Samsung Construction and Trading (Samsung C&T)
Venue: 33 F, Board Room and Dinning Room, Samsung C&T B/D, 1321-20, Seocho 2- Dong, Seocho-gu, Seoul, 137-956
Travel to next meeting Travel time: 30 mins
2:30pm – 3:15pm Meeting with Mr Eui Ryung Lee, Vice Chairman and 3:30pm – 4:15pm Mr Ki-Duck Park, Executive Director, of Korea Zinc
Venue: 14 F, Korea Zinc headquarters, YoungPoong B/D, 142 Non-hyun-dong, Gangnam-gu, Seoul, 135-749
3:15pm Travel to Hotel 4:15pm Travel time: 30 mins
4:00pm – 5:00pm Energy & Infrastructure Opportunities in Queensland 5:00pm – 6:00pm Seminar
Venue: Vivace Room, B1, Seoul COEX Intercontinental Hotel, 524 Bongeunsaro, Gangnam-gu, Seoul
5:00pm – 6:00pm Own arrangements/Liaison time 6:00pm – 7:00pm
6:00pm – 6:20pm Pre-Reception Meeting with Mr Young-Sik Kwon, 7:00pm – 7:20pm Executive Vice President, Resources Business Division, Korea Gas Corporation (KOGAS)
Venue: 2nd F, Board Room of Business Center, Seoul COEX Intercontinental Hotel, 524 Bonguensa-ro, Gangnam-gu, Seoul 135-975
6:30pm – 9:00pm Queensland Government Reception 7:30pm – 10:00pm Venue: Diamond Room B1, COEX Intercontinental Hotel 524, Bonguensa-ro, Gangnam-gu, Seoul 135-975
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Overnight Seoul COEX Intercontinental Hotel 524 Bongeunsaro, Gangnam-gu Seoul , 135-975 Korea, Republic Of
Tuesday 23 July 2013 – Seoul
8:00am – 9:10am Breakfast meeting with Mr Moon Duk Kim, 9:00am – 10:10am Chief Executive Officer, Korea Western Power Co. Ltd (KOWEPO)
Venue: Mercury Room, 30F, COEX Intercontinental Hotel, 524, Bonguensa-ro, Gangnam-gu, Seoul 135-975
10:30am – 11:30am Visit Trade and Investment Queensland Korea Office 11:30am – 12:30pm Venue: 16th Floor Gangnam Finance Centre, 737 Yeoksam-dong, Gangnam-gu, Seoul
1:30pm Travel to next meeting 2:30pm Travel time: 1 hour
2:30pm – 3:30pm Meeting with Mr Jung-Sik Koh, President and CEO of 3:30pm – 4:30pm Korea Resources Corporation (KORES)
Venue: 2nd F, KORES office, 606, Siheung-daero, Dongjak-gu, Seoul 156-706
3:30pm – 4:30pm Travel to next meeting 4:30pm – 5:30pm Travel time: 1 hour
4:30pm – 5:30pm Meeting with Mr Sung Hwan Moon, President & CEO of 5:30pm – 6:30pm Samyang Corp and President & CEO of Samyang Genex
Venue: 11 F, Samyang headquarters, 31 Jongno 33-gil, Jongno- gu, Seoul, 110-725
5:30pm Travel to hotel 6:30pm Travel time: 1 hour
7:00pm – 8:30pm Dinner with Education and Migration industry 8:00pm – 9:30pm Venue: Apollo room, 30th Floor, COEX Intercontinental Hotel
Overnight Seoul COEX Intercontinental Hotel 524 Bongeunsaro, Gangnam-gu Seoul , 135-975 Korea, Republic Of
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Wednesday 24 July 2013 – Seoul/Guangzhou
7:30am Checkout of Hotel 8:30am
8:00am – 9:30am Travel to next meeting 9:00am – 10:30am Travel time: 1 hour 30 mins
9:30am – 10:30am Meeting with Mr Yong-il Lee, Executive Vice President, 10:30am – 11:30am POSCO E&C (at Incheon)
Venue: POSCO E&C office, 2nd F, POSCO E&C Tower 1, 36 Songdo-Dong, Yeonsu-Gu, Incheon 406-732
11:00am – 11:30am Travel to airport 12:00noon – 12:30pm Travel time: 30 mins
1:55pm Depart Seoul for Guangzhou (Direct) 2:55pm Korean Air Flight 5815 operated by China Southern Airlines
Travel time: 4 h 5 m
5:00pm Arrive Guangzhou 7:00pm pm Transfer to hotel Travel time: 1 h pm Own arrangements/Liaison time
Overnight Hotel Grand Hyatt Guangzhou 12 Zhujiang West Road, Pearl River New City, Tianhe District, Guangzhou, China, 510623
Thursday 25 July 2013 – Guangzhou
8:00am – 9:30am Breakfast Meeting with Key Investors including 10:00am – 11:30am Guangdong Rising Asset Management Co., Ltd (GRAM), Nonfemet, Ridong and Yuedian
Venue: Salon I, 3rd Floor, Grand Hyatt Hotel Guangzhou
9:45am Travel to next meeting 11:45am Travel time: 30 m
10:30am – 11:30am Meeting with China Southern Airlines 12:30pm – 1:30pm pm Return to hotel Travel time: 30 m
12:00noon – 2:45pm Own arrangements/Liaison time 2:00pm – 4:45pm
8
3:00pm – 4:00pm Queensland Investment Seminar targeted to Business 5:00pm – 6:00pm Migration and Significant Investor Visas (SIV) followed by Networking Opportunities
Venue: Boardroom III, 3rd Floor, Grand Hyatt Hotel Guangzhou
4:00pm – 5:00pm Own arrangements/Liaison time 6:00pm – 7:00pm
5:00pm Travel to next meeting 7:00pm Travel time: 40 m
5:30pm – 9:00pm Dinner hosted by the Vice Governor of the Guangdong 5:30pm – 11:00pm Provincial Government
Venue: Protocol Room, 45 Shamian St. Liwan District, (Government Precinct Restaurant)
Overnight Hotel Grand Hyatt Guangzhou 12 Zhujiang West Road, Pearl River New City, Tianhe District, Guangzhou, China, 510623
Friday 26 July 2013 – Guangzhou/Foshan/Guangzhou
8:00am Travel to meeting 10:00am Travel time: 1 h
9:00am – 10:30am Meeting with Country Garden 11:00am – 12:30pm Venue: Country Garden Head Office Country Garden, Beijiao Town, Shunde District, Foshan City
10:30am – 11:30am Return to Hotel 12:30pm – 1:30pm Travel time: 1 h
12:00noon – 2:00pm Queensland Government Reception 2:00pm – 4:00pm Venue: Ballroom III, 3rd Floor, Hotel Grand Hyatt Guangzhou
2:00pm – 3:30pm Own arrangements/Liaison time 4:00pm – 5:30pm Travel to White Horse by car Travel time: 20 m
4:00pm – 5:30pm Meeting with White Horse 6:00pm – 7:30pm Venue: White Horse Office, 21st Floor, Victoria Plaza, Tiyidong Road, Tianhe District
5:30pm Return to Hotel 7:30pm Travel time: 20 m
6:00pm – 8:00pm Informal Dinner with Business Delegates 8:00pm – 10:00pm Restaurant Sky No.1 Room 2905 28th floor, Xinhe Building, No. 1 Huaxia Road, Zhujiang New Town, Guangzhou
9
Overnight Hotel Grand Hyatt Guangzhou 12 Zhujiang West Road, Pearl River New City, Tianhe District, Guangzhou, China, 510623
Saturday 27 July 2013 – Guangzhou/Hong Kong am Own arrangements/Liaison time
10:37am Depart by train for Guangzhou for Hong Kong (T823) 12:37pm
12:33pm Arrive Hong Kong Hung Hom Train Station 2:33pm
1:00pm – 1:30pm Travel from Hung Hom Train Station to Conrad hotel on 3:00pm – 3:30pm the Hong Kong Island by coach
2:00pm – 3:00pm Private Market and Program Briefing by Ms Angela To, 4:00pm – 5:00pm Queensland Trade and Investment Commissioner Hong Kong
Venue: Golden Leaf Chinese Restaurant 5/F Conrad Hotel pm Own arrangements/Liaison time
Overnight Conrad Hong Kong Pacific Place, 88 Queensway, Hong Kong
Sunday 28 July 2013 – Hong Kong/Macau/Hong Kong
8:30am Meet in Hotel Lobby 10:30am Transfer to Macau by Bus and Ferry am/pm Visit To Cultural Sites And Integrated Resorts In Macau 4:00pm Return to Hotel pm Own arrangements/Liaison time
Overnight Conrad Hong Kong Pacific Place, 88 Queensway, Hong Kong
10
Monday 29 July 2013 – Hong Kong
8:10am Meet in Lobby 10:10am Travel by car to meeting Travel time: 20 m
8:30am – 9:30am Private Breakfast Meeting with Mr Kam Hing Lam 10:30am – 11:30am Managing Director of Cheung Kong Infrastructure Ltd (CKI) and Mrs Wendy Tong Barnes, Chief Corporate Affairs Office of Cheung Kong (Holdings) Ltd.
Venue: China Club, 13/F, The Old Bank of China Building, Bank Street, Central
9:30am – 9:55am Walk to next meeting 11:30am – 11:55am Travel time: 5 m
10:00am – 10:30am Pre-interview briefing by Ms Angela To, Trade and 12:00noon – 12:30pm Investment Queensland Commissioner Hong Kong and Mr Gavin McDougall, Director, Public Affairs of Australian Consulate-General Hong Kong
Venue: Oliver’s in basement of Cheung Kong Centre. Bloomberg Bureau - 27/F Cheung Kong Centre, 2 Queen's Road, Central
11:00am – 11:30am Live interview with anchors Ms Susan Li and Mr Rish 1:00pm – 1:30pm Salamat in the Bloomberg’s "Asia Edge" TV broadcast
Venue: Bloomberg Bureau - 27/F Cheung Kong Centre, 2 Queen's Road, Central
11:30am – 11:45am Return to Hotel 1:30pm – 1:55pm Travel time: 15 m
12:00noon – 12:30pm Pre-event meeting with major investor – Dr Benny Wu, 2:00pm – 2:30pm Chairman of Chang Yuang Group and Ms Mila Wu
Venue: Function room next to Ballroom, Lower Lobby, Conrad Hong Kong
12:30pm – 2:00pm Queensland Government Business Reception 2:30pm – 4:00pm Venue: the Ballroom, Lower Lobby, Conrad Hong Kong Pacific Place, 88 Queensway, Admiralty, Hong Kong
2:00pm – 3:00pm Media opportunity with local major newspapers 4:00pm – 5:00pm Venue: the Ballroom, Lower Lobby, Conrad Hong Kong Pacific Place, 88 Queensway, Admiralty, Hong Kong
3:00pm – 3:20pm Travel to next meeting 5:00pm – 5:20pm Travel time: 20 m
11
3:30pm – 4:30pm Meeting with Mr David CHIU, Chairman, Far East 5:30pm – 6:30pm Consortium International Ltd. (FEC) and Dorsett International and Ms Winnie Chiu, President & Executive Director of Dorsett Hospitality International
Venue: 16/F, Far East Consortium Building, 121 Des Voeux Road, Central, Hong Kong.
Travel back to hotel Travel time: 25 m
6:00pm – 6:15pm Travel to meeting 8:00pm – 8:15pm Travel time: 15 m
6:15pm – 6:45pm Meeting with the Hon Tsang Chun-wah, John, GBM, 8:15pm – 8:45pm JP, Financial Secretary of Hong Kong SAR Government
Venue: 25/F, Tamar Central Government Offices, Admiralty, Hong Kong
7:00pm Meeting with Mr. Paul Tighe, Australian Consul- 9:00pm General Hong Kong and Macau
Venue: Pacific Bar, Level 8, Conrad Hotel pm Own arrangements/Liaison time
Overnight Conrad Hong Kong Pacific Place, 88 Queensway, Hong Kong
Tuesday 30 July 2013 – Hong Kong/Jakarta
9:10am Meet in Hotel Lobby 11:10am Walk to meeting Travel time: 10m
9:30am – 10:30am Meeting with Mr Beau Kuok, Chairman of Kerry 11:30am – 12:30pm Holdings Limited. And Mr Madhu Rao, Executive Director & CFO, Shangri-La Asia Limited
Venue: Level 7, Conference Room, Business Centre, Island Shangri-La Hotel, Pacific Place, Supreme Court Road, Central, Hong Kong
1:00pm Depart for Airport 3:00pm
4:00pm Depart Hong Kong for Jakarta (Direct) 6:00pm Cathay Pacific Flight 719 Travel time: 4 h 50 m
12
7:50pm Arrive Jakarta 10:50pm pm Transfer to hotel
9:00pm – 10:00pm Delegates get together 12:00pm – 1:00am Venue: Executive Lounge, Level 17, Four Seasons Hotel
Overnight Four Seasons Jalan H.R. Rasuna Said, Jakarta 12920, Indonesia
Wednesday 31 July 2013 – Jakarta
8:00am – 8:15am Briefing on Jakarta program by Ms Nussara Smith, 11:00am – 11:15am Director, Overseas Market Development, Asia Queensland Trade and Investment
Venue: Executive Lounge, Level 17, Four Seasons Hotel
8:30am Travel to next meeting 11:30am Travel time: 30 m
9:00am – 9:30am Meeting with Vice Minister of Trade of the Republic of 12:00noon – 12:30pm Indonesia, Dr Bayu Krisnamurthi
Venue: Jl. M.I. Ridwan Rais No. 5 Jakarta Pusat 10110
Return to Hotel Travel time: 30 m
11:15am – 11:30am Meeting with Mr Irwan Sjarkawi, the President 2:15pm – 2:30pm Commissioner of the Bakrie Group
Venue: Meeting Room 2, Executive Lounge, Level 17, Four Seasons Hotel
12:00noon Travel to next meeting 3:00pm Travel time: 30 m
12:30pm – 2:15pm Lunch meeting hosted by ANZ Indonesia, followed by 3:30pm – 5:15pm tour of ANZ office building
Venue: Batavia Room, Level 8, ANZ Tower, Jalan. Jendral Sudirman Kav33 A, Jakarta 10270, Indonesia
Return to Hotel Travel time: 30 m
3:00pm – 5:30pm Own arrangements/Liaison time 6:00pm – 8:30pm
13
5:45pm Travel to next meeting 8:45pm Travel time: 15 m
6:00pm – 6:55pm Meeting with His Excellency, Mr Greg Moriarty, 9:00pm – 9:55pm Australian Ambassador to Indonesia
Venue: Ambassador’s Residence
7:00pm – 9:00pm Queensland Reception hosted by Australian 10:00pm – 12:00midnight Ambassador to Indonesia
Venue: Ambassador’s Residence Jalan Teuku Umar No. 7 – Menteng Jakarta Pusat
Return to Hotel Travel time: 10 m
Pre-checkout of Hotel
Overnight Four Seasons Jalan H.R. Rasuna Said, Jakarta 12920, Indonesia
Thursday 1 August 2013 – Jakarta/Singapore
7:00am Depart Hotel for airport 10:00am
8:30am – 9:15am Meeting with Mr Emirsyah Satar, President & CEO of 11:30am – 12:15pm Garuda Indonesia
Venue: Management Building, Garuda City, Soekarno Hatta International Airport, Cengkareng, 19120
11:30am Depart Jakarta for Singapore (Direct) 2:30pm Garuda Flight 828 Travel time: 1 h 50 m
2:20pm Arrive Singapore 4:20pm
3:00pm Transfer to hotel 5:00pm
3:30pm Check-in hotel 5:30pm 3:40pm – 5:10pm Own arrangements/Liaison time 5:40pm – 7:10pm
5:10pm Travel to next meeting 7:10pm Travel time: 10 m
14
5:30pm – 6:30pm Meeting with His Excellency, Mr Philip Green, OAM, 7:30pm – 8:30pm Australian High Commissioner to Singapore and Mr Chris Rees, Senior Trade Commissioner Singapore, Austrade
Venue: 25 Napier Road, Singapore 258507
6:30pm Travel to next meeting 8:30pm Travel time: 10 m
7:00pm – 8:30pm Queensland Alumni Reception hosted by 9:00pm – 10:30pm His Excellency, Mr Philip Green, OAM, Australian High Commissioner to Singapore
Venue: Commissioner’s Residence
Overnight Grand Copthorne Waterfront 392 Havelock Road, Riverside, 169663 Singapore
Friday 2 August 2013 – Singapore am Own arrangements/Liaison time
12:00noon – 2:15pm Private lunch hosted by United Overseas Bank Limited 2:00pm – 4:15pm (UOB)
Venue: Level 3, Paridiso Room, Grand Copthorne Waterfront
2:15pm – 3:00pm Own arrangements/Liaison time 4:15pm – 5:00pm
3:00pm – 3:15pm Depart for next meeting 5:00pm – 5:15pm Travel time: 10 m
3:15pm – 3:45pm Meeting with Mr Bill Foo, Vice Chairman South & 5:30pm – 5:45pm South East Asia, ANZ
Venue: International Enterprise Singapore | 230 Victoria Street #10-00 | Bugis Junction Office Tower | Singapore 188024
3:45pm – 5:00pm Investment Roundtable Jointly Hosted by Trade and 5:45pm – 7:00pm Investment Queensland and ANZ
Venue: International Enterprise Singapore | 230 Victoria Street #10-00 | Bugis Junction Office Tower | Singapore 188024 5:00pm Travel to next meeting 7:00pm Travel time: 15 m
5:30pm – 6:00pm Meeting with Minister Iswaran, Minister, Prime 7:30pm – 8:00pm Minister's Office, Second Minister for Home Affairs, and Second Minister for Trade and Industry
Venue: Ministry of Home Affairs, 28 Irrawaddy Road, Singapore
15
329560, Level 20 (Irrawaddy Room 1)
6:00pm Treasurer departs for next meeting 8:00pm Travel time: 10 m
6:15pm – 8:30pm Private dinner with key ANZ investor clients 8:15pm – 10:30pm Venue: Man Fu Yuan Restaurant 2nd Floor , Intercontinental Hotel, 80 Middle Road
8:30pm Treasurer departs directly for Airport 10:30pm 11:35pm Depart Singapore for Brisbane (Direct) 1:35am (Sat) Etihad Airways Flight 470 Travel time: 7 h 40 m
Overnight In Transit
Saturday 3 August 2013 – Brisbane
9:15am Arrive Brisbane International
16
KOREA
17 OFFICIAL DELEGATION MEMBERS – KOREA
The Honourable Treasurer and Minister for Trade Tim Nicholls MP
Mr Matt Jeffries Senior Advisor, Office of the Treasurer
Ms Nussara Smith Director, Overseas Market Development, Trade and Investment Queensland
TRADE AND INVESTMENT QUEENSLAND REPRESENTATIVES IN-MARKET
Dr Sang Min Woo Trade and Investment Commissioner, Korea
18 BUSINESS DELEGATION MEMBERS – KOREA CONTACT DETAILS
Mr Brian Clark CEO Anscape Pty Ltd
Mr Russell Shields Chairman, Queensland and Northern Territory ANZ
Mr Stephen Baines Chief Innovation Officer Aurizon Holdings
Ms Cheryl Stanilewicz State Director Austrade
Mr Michael Gray Managing Director Bandanna Energy Limited
Mr Rodney Lamb Director Ella Bay Pty Ltd
Mr Anthony Lin Principal Solicitor Goodman Lawyers
Mr Lachlan Broadfoot Mining Market Sector Director HDR Salva
Mr Joseph Chan Lawyer Joseph Chan Migration Specialist
Mr Peter Hudson Partner KPMG
Cr Timothy Luke Smith Chair, Economic Dev Committee Logan City Council
Mr John Oberhardt Deputy CEO – Organisational Services Logan City Council
Ms Wendy Bradley Managing Partner Ozone Whitsunday Resort
Mr Andrew Park Head of External Affairs Queensland Investment Corporation
19 TOUR OF CULTURAL SITES
Date: Sunday 21 July 2013
ATTENDEES OFFICIAL PARTY: The Honourable Tim Nicholls MP Treasurer and Minister for Trade
Mr Matt Jeffries Senior Advisor, Office of the Treasurer
Ms Nussara Smith Director, Overseas Market Development, Trade and Investment Queensland
Dr SangMin Woo Commissioner, TIQ Korea office
BUSINESS DELEGATES:
Mr Brian Clarke Chief Executive Officer, Anscape
Mr Stephen Baines Chief Innovation Officer, Aurizon Holdings Ms Cheryl Stanilewicz State Director, Austrade - Queensland Mr Rodney Lamb Director, Ella Bay Pty Ltd Mr Anthony Lin Principal Solicitor, Goodman Lawyers Mr Lachlan Broadfoot Mining Market Sector Director, HDR Salva
Mr Joseph Chan Lawyer, Joseph Chan Migration Specialist
Ms Wendy Bradley Managing Partner, Ozone Whitsundays Resort
EVENT SYNOPSIS Gyeongbok Place: Gyeongbok Place is a royal palace located in Seoul. First constructed in 1395, later burned and abandoned for almost three centuries, and then reconstructed in 1867, it was the main and largest palace of the five Grand Palace built by the Chosun Dynasty. In the early 20th century, much of the palace was destroyed by Imperial Japan. Since then, the walled palace complex has been gradually restored back to its original form. As of 2009, roughly 40% of the original number of palace buildings still stand or have been reconstructed. Myeong-dong: Myeong-dong is one of the busiest places in Seoul and is among Korea’s premier shopping destinations. Over 1 million shoppers pass through this area every day making it a modern-day centre of economic and cultural activities in Korea. Located in the heart of Seoul, the Myeong-dong market attracts a large number of international visitors each year. The mission members were able to observe a successful major tourist attraction area of Asia and purchasing trends in Korea Lotte Department Store: Lotte Department Store opened its first store in Seoul in 1979, and has since expanded into the largest chain of department stores in Korea. Lotte Department Stores provide a wide selection of luxury-imported brands. The mission members had an opportunity to visit the food retail space in the Department Store which offered a wide range of imported food products and observed how Australian beef and food products were displayed and sold. 20 MEETING WITH MR TAE-PYONG CHANG, CHIEF EXECUTIVE OFFICER, AND MR JONG-DAE LEE, VICE PRESIDENT OF THE KOREA RACING AUTHORITY (KRA)
Date: Sunday 21 July 2013
ATTENDEES Mr Tae-Pyong CHANG Chief Executive Officer, KRA
Mr Jong-Dae LEE Vice President, KRA
Mr In-Yong CHOI General Manager, KRA
Mr Tai-In JUNG Senior Manager, International Relations Team, KRA
Mr Tae-Pyong CHANG Chief Executive Officer, KRA
Mr Jong-Dae LEE Vice President, KRA
MEETING SYNOPSIS I met with Mr Tae-Pyong Chang, Chief Executive officer of Korea Racing Authority (KRA) and expressed my appreciation for his strong support of the Queensland thoroughbred industry. I thanked the KRA for their regular participation in the Magic Millions May and September/October sales on the Gold Coast and encouraged continued purchase of race horses from Queensland. I emphasised that Korea’s strong interest in Queensland’s high quality thoroughbreds has helped Magic Millions achieve record sales and gain recognition throughout the southern hemisphere for bloodstock trading. I promoted Queensland companies’ capabilities in the design, construction and related services sectors to participate in Korea’s fourth horse racing track and facilities project, to be built in Youngcheon City to be constructed by 2016. KRA would like to have active cooperation with Queensland where the equine industry has a well established reputation as a sound sports and leisure activities. Queensland and Australia have developed one of the world most advanced infrastructure and programs for the industry. KRA sees Australian and Queensland’s horse raising industries as models from which to learn. KRA is the sole racing authority in Korea, and is under the supervision of the Ministry of Agriculture, Food and Rural Affairs. KRA operates races nationally, as well as promoting the livestock industry. KRA is a steady importer of race horses from the Magic Millions sales on the Gold Coast. KRA has been endeavouring to further develop the Korean horse racing industry. KRA operates three horse race courses, three stud farms and training centres nationally. KRA is making efforts to improve the image of horse racing by calling its racing facilities racing parks rather than race courses and offering these places to public as places of recreation and learning for children.
21 MEETING WITH MR DAE-SEOP CHI, PRESIDENT, SEOUL RACEHORSE OWNERS ASSOCIATION (SROA)
Date: Sunday 21 July 2013
ATTENDEES Mr Dae-Seop CHI President, SROA Mr Kwang-Se KWON Vice President, SROA Mr Duk-Hui PARK Vice President, SROA Mr Jong-Chul KIM Vice President, SROA Mr Soon-Bae SEO Director, SROA Mr Soon-Geun WOO Director, SROA Mr Young-in SHIN General Manager, Horse Affairs Team, SROA
MEETING SYNOPSIS I met with the Seoul Race Horse Owners Association (SROA) to build goodwill and to encourage continued participation in the Magic Millions and the future increased purchase of race horses from Queensland. I congratulated Mr Chi on his recent appointment to the position of President of SROA, in March 2013. I also congratulated the SROA on its 20th anniversary. I thanked the members for their regular participation in the Magic Millions. Korea’s strong interest in Queensland’s thoroughbreds has helped the Magic Millions achieve record sales and gain recognition for bloodstock trading. I invited President Chi to encourage members to visit Queensland to attend the 2013 Gold Coast Horse in Training Sale on 24-25 Sept 2013 and 2014 Gold Coast Yearling Sale from 8 to 14 January at Magic Millions on the Gold Coast. SROA mentioned that it has a strong relationship with Queensland and one of its former staff members is now working for Trade and Investment Queensland. It is keen to build on this relationship and saw my visit as an important step. Before 2010, Australia was SROA’s major source country for racehorses because of their reputation for stamina and lower cost. However, since 2010, SROA members have tended to import racehorses from the USA for reasons which include a strong Australian dollar, an industry preference for horses used to similar conditions (i.e. climate and its sand racetrack surface) that exist in Korea. I mentioned to SROA that Trade and Investment Queensland would discuss this with our industry on my return. SROA (with 460 members) is one of major buyers of race horses in Korea. Members have been regular visitors at the Magic Millions sales on the Gold Coast. SROA is one of three major buyers of race horses in Korea, the others being Korea Racing Authority (KRA) and Busan Racehorse Owners Association (BROA). SROA buys the majority of horses by participating in overseas auctions and resells them to members with a small portion of owners purchasing horses directly.
22 MEETING WITH MR JE-YONG PARK, CHIEF EXECUTIVE OFFICER OF KTB PRIVATE EQUITY (KTB PE) AND MR YOUNG-WOOK CHIN, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KOREA FINANCE CORPORATION (KoFC)
Date: Monday 22 July 2013
ATTENDEES Mr Je-Yong PARK Chief Executive Officer of KTB PE
Mr Young-Wook CHIN President and Chief Executive Officer of KoFC Mr Hoon JANG General Manager and Head of Investment Finance Department, KoFC Mr Sung Yong YOON Senior Managing Director, KTB PE Mr Jong Kun SEO Head of Private Equity Investment Team, KoFC
MEETING SYNOPSIS
I discussed investment opportunities in Queensland and in particular, the co- operation between Queensland Investment Corporation (QIC) and KTB Private Equity (KTB PE). I acknowledged the confidence shown in the Queensland economy by KTB PE evidenced by the signing of a Memorandum of Understanding (MOU) with QIC, which commits capital into Queensland and Australia through direct investments. I discussed the formation of industry-specific strategic alliances that may arise from this partnership, which may provide new opportunities for Queensland and Korean companies. I also offered the services of Trade and Investment Queensland to to identify other investment opportunities particularly for KTB’s interests in working to promote partnerships between Queensland and Korea in the SME space. KTB PE is an affiliate of KTB Investment & Securities, a Korean financial services company, and has assets under management in excess of US$1.5 billion ranking it fourth largest of the private equity funds in Korea. Korea Finance Corporation (KoFC) a lending partner of KTB PE is a 100% Government-owned, policy-based financial institution mandated to support the sound growth of the finance industry and the national economy of Korea.
23 MEETING WITH MR CHONG-SUK CHOI, CHAIRMAN OF BOARD OF DIRECTORS, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KOREA INVESTMENT CORPORATION (KIC)
Date: Monday 22 July 2013
ATTENDEES Mr Chong-Suk CHOI Chairman of Board of Directors, President & CEO of KIC
Mr Jang Ho LEE Managing Director, KIC
Jin Seong PARK Director, KIC
Jong Ho KIM Director, KIC
MEETING SYNOPSIS I met with KIC to encourage their continuing interest and further investments in Queensland and to reinforce that Queensland is “open for business”. KIC invested in the Queensland Investment Corporation (QIC) Property Fund in 2011. I discussed KIC’s current focus and direction, including plans to increase overseas investments. I highlighted the new Queensland Government’s commitment to balance the budget and improve our credit rating. I encouraged further investment into Queensland in areas such as resources, tourism and other infrastructure and property which would assist KIC in their goal to globalise and diversify investments. I emphasised the Queensland Government’s commitment to facilitate KIC’s investment into Queensland. I noted that KIC is a highly respected organisation, and its investment into Queensland is desirable as it also encourages other foreign and Korean investors to invest in Queensland. KIC sovereign wealth fund was established in July 2005, with a view to enhance sovereign wealth and contribute to the development of the domestic financial industry. KIC manages assets entrusted by the Government and the Bank of Korea and other public funds defined under the National Finance Act.
24 LUNCH MEETING WITH MR HYUNG-KYU KANG, EXECUTIVE VICE PRESIDENT, HEAD OF GLOBAL MARKETING DIVISION, SAMSUNG CONSTRUCTION AND TRADING (SAMSUNG C&T)
Date: Monday 22 July 2013
ATTENDEES Mr Hyung-Kyu KANG Executive Vice President, Head of Global Marketing Division, Samsung C&T
Mr Jimmy LEE Vice President, Global Marketing Team, Samsung C&T
Mr Hyung KIM Executive Vice President, Head of Civil Infrastructure Business Unit, Samsung C&T
Mr Jae-Yong CHO Vice President, Civil New Business Division, Samsung C&T
Mr Seong Chan AHN General Manager, Global Marketing Team, Samsung C&T
MEETING SYNOPSIS This meeting provided an opportunity to deepen the level of engagement with Samsung Construction and Trading (Samsung C&T) and further encourage participation in infrastructure and resources-related projects in Queensland. I met with the Engineering and Construction Group (E&C) of Samsung C&T. Samsung C&T has advanced technological expertise and experience in architecture, civil engineering, power plant and housing developments with 133 overseas offices located across 50 countries. One of its most high profile projects included Dubai’s Burj Khalifa, the world’s tallest building. I congratulated Samsung C&T on the opening of its Australian headquarters in Brisbane in September 2012. Samsung C&T is seeking further opportunities in Queensland mining, port and rail related infrastructure projects and I sought a briefing on Samsung C&T activities and business strategies for participation in projects and investment in the Australian market. I outlined the Queensland Government’s key economic development policies, in particular energy, resources and infrastructure sectors. I emphasised Queensland’s economic outlook, including large, strong and buoyant energy, resources and agriculture sectors, and abundant opportunities for participation in investment. I reassured Samsung C&T that their interest in Queensland is welcome and encouraged their participation in infrastructure projects. I highlighted the Queensland Government’s process to deliver infrastructure and planning, in order to achieve greater value for money from the government’s infrastructure program and service delivery. I indicated how the Queensland Government facilitates cooperative funding models to maximise private investment in infrastructure.
25 I outlined the Memorandum of Understanding (MOU) for strategic partnership between Queensland Government and Korea EXIM Bank that was signed during my visit to Korea. The MOU between Queensland government and Korea EXIM Bank would provide a good vehicle to facilitate investment and finance with regard to infrastructure projects in Australia. Mr Kang expressed his appreciation for the services provided by the Overseas Market Development Asia branch within Trade and Investment Queensland. He mentioned that the quality of services and support provided by TIQ were most impressive. Trade and Investment Queensland have been working closely with Samsung’s office in Brisbane to facilitate their business interests.
26 MEETING WITH MR EUI-RYUNG LEE, VICE CHAIRMAN, AND MR KI-DUCK PARK, EXECUTIVE DIRECTOR, KOREA ZINC CO LTD
Date: Monday 22 July 2013
ATTENDEES
Mr Eui-Ryung LEE Vice Chairman, Korea Zinc Co Ltd
Mr Ki-Deok PARK Director, Korea Zinc Co Ltd
Mr Jin Soo RHO Executive Director, Korea Zinc Co Ltd
Mr Sang Hoon LEE Senior Manager, Raw Material Team, Korea Zinc Co Ltd
Mr Jin Gwun GWAK Manager, Planning Team, Korea Zinc Co Ltd
MEETING SYNOPSIS This meeting was an opportunity to receive an update from Korea Zinc’s management regarding its overseas investment strategy. Korea Zinc is the parent company of Sun Metals Corporation (Sun Metals), one of the world’s largest zinc refineries located 15 kilometres south of Townsville. I acknowledged the significant contribution Sun Metals has made to the regional community of Townsville. Sun Metals is the second largest Korean investment in Queensland after an investment by KOGAS in the GLNG project. I sought an overview on Korea Zinc’s business plans for Queensland. Korea Zinc mentioned that it was proud to be the largest investor in the manufacturing sector from Korea into Queensland and was appreciative of the ongoing support from the Queensland Government. The power Sun Metal receives is delivered from southern Queensland power networks. Sun Metal is hopeful the fortification of existing power distribution grids and/or the construction of new grids and power lines in north Queensland will help to alleviate the cost of electricity they consume. I outlined the Queensland Government’s electricity reform agenda which is a three tiered strategy to address cost pressures in the electricity sector, build a more competitive market and reduce risks to customers, industry and government participating in the sector. This will be achieved by measures to stop building unnecessary electricity infrastructure and improve the efficiency of network businesses; maximise the benefits of competition while protecting customers; and more effective government. I also explained measures introduced by the Queensland Government to reduce red tape and make government process more efficient for businesses. Korea Zinc commands an important role as a major provider of resources in Korea and produces 10% of the world’s zinc from plants in Korea, the US and Australia. It is a world class non-ferrous metal smelting company that produces approximately 1 million tonnes of 18 types of non-ferrous metals, including base, precious and rare metals. 27 ENERGY AND INFRASTRUCTURE OPPORTUNITIES IN QUEENSLAND SEMINAR
Date: Monday 22 July 2013
ATTENDEES Attendees numbered 47 in total with 28 of these being from Korean energy, construction and engineering firms, financial institutions and consulting firms. Korea EXIM Bank representatives and Korean media were also present.
EVENT SYNOPSIS This seminar was a networking opportunity for Queensland delegates to pitch their energy and infrastructure projects to key Korean engineering and construction companies and financial institutions, to encourage investment into Queensland. I delivered an opening speech at the beginning of the seminar incorporating the Queensland Government’s strategies and policies and the State's vision for Queensland energy, resources, infrastructure and construction industries. I acknowledged the significant contribution of Korean investments in Queensland and highlighted the value of Queensland's relationship with Korea. I acknowledged the contribution Korean investment has made to the economic development of Queensland, in particular coal, resources, infrastructure and food sectors. One recent example is the KOGAS investment in the Gladstone LNG project which is currently under construction. I outlined that the Queensland Government is also focussed on establishing the state as a global leader in sustainable resources and energy production and technology, protection of the environment and water resources, social responsibility and support for sustainable communities. Additionally, I outlined the Queensland Government policy framework of Public-Private Partnership and the establishment of Projects Queensland.
28 MEETING WITH MR YOUNG-SIK KWON, EXECUTIVE VICE PRESIDENT, RESOURCES BUSINESS DIVISION, KOREA GAS CORPORATION (KOGAS)
Date: Monday 22 July 2013
ATTENDEES
Mr Young-Sik KWON Executive Vice President, Resources Business Division, KOGAS Mr Byung-Chul SON General Manager, LNG Project Management Team, KOGAS Mr Hong-Geun AHN Senior Manager, LNG Project Management Team, KOGAS
MEETING SYNOPSIS
I acknowledged the strong and ongoing relationship that exists between Queensland and Korea and the contribution that KOGAS is making to this relationship through its investments in the Queensland Coal Seam Gas and LNG industries. I advised the progress being made by the Queensland Government in reducing red tape on the resources industry through a commitment to reduce regulation by 20%. I discussed the formation of the Resources Cabinet Committee and its important role to drive investment into the resources sector. I expressed appreciation for KOGAS’s continual interest in Queensland and look forward to more business development in the future. In December 2010, KOGAS signed a binding LNG off take agreement with Santos for 20 years. This included the sale of Santos interests in the GLNG project to KOGAS making KOGAS a 15% interest partner. KOGAS was incorporated by the Korean Government in 1983 and is Korea’s predominant LNG provider importing more than 95% of the country’s needs. KOGAS is the single largest corporate buyer of LNG in the world. It operates three LNG terminals and 3,022 km of natural gas pipelines in South Korea. In 2012, KOGAS imported 34.97 million tonnes of LNG, up 2.9% from 2011 and advised it plans to import 37.90 million tonnes of LNG in 2013, representing an increase of 8.4%. KOGAS supplies the imported LNG to power generation plants, gas-utility companies and city gas companies throughout the country.
29 QUEENSLAND GOVERNMENT RECEPTION SEOUL
Date: Monday 22 July 2013
KEY ATTENDEES Mr Sung-Hwan CHOI Chief Finance Officer, Korea EXIM Bank
His Excellency Mr Bill Paterson PSM Australian Ambassador to the Republic of Korea Mr Tae-Yong SHIN Chairman of Korea Importers Association (KOIMA)
Mr Byung-Hwa LEE Ambassador for International Relations, Gyeonggi Provincial Government The event was attended by approximately 160 people including business delegation members from Queensland. It was a successful business networking event.
EVENT SYNOPSIS I delivered a speech to acknowledge the close relationship between Queensland and Korea. I highlighted the contribution that Korea has made to Queensland in terms of trade and investment. I reinforced Queensland as an ideal business partner for Korea and promoted investment and business opportunities in Queensland to existing and potential investors. I promoted Queensland as a sound investment location due to its stable economy, supportive government and access to a skilled workforce. I emphasised opportunities that exist for investment across a wide range of sectors: - From the temperate southern regions to the tropical north, Queensland has excellent conditions for growing a wide variety of agricultural products, and raising livestock. - As a mineral and energy rich state, Queensland has a wealth of opportunities in the mining and resources sector, from coal, base metals, coal seam gas to shale gas. - The Queensland Government is committed to supporting initiatives to encourage further international investment in Queensland’s infrastructure, including in Public Private Partnership (PPP) projects. - The Queensland Government encourages investment for the revitalisation of existing tourism assets and the creation of new tourism infrastructure across the state. I thanked the Korea EXIM Bank for the Memorandum of Understanding (MOU) which aimed to increase cooperation with Korea in supporting the investment and involvement of Korean companies in Queensland. I expressed that in supporting the establishment of the MOU, the Korea EXIM Bank recognised the strong desire within the Korean business community to become actively involved in the natural resources, energy and infrastructure sectors in Queensland and Australia. Prospective investors could approach Korea EXIM Bank for financing.
30
I noted that since its establishment in 1976, Korea EXIM Bank has actively facilitated economic cooperation with foreign countries. In 2012, the Korea EXIM Bank extended a record-breaking US$66.7 billion in credit. I expressed that given Korea EXIM Bank’s strong history, it is a privilege to formalise the relationship between the Queensland Government and the Korea EXIM Bank, and to become a part of the Bank’s future. The MOU will provide benefits for Queensland by making available increased funding options. The MOU marked a significant step forward in the future of Korean investment in Queensland.
31 BREAKFAST MEETING WITH MR MOON-DUK KIM, CHIEF EXECUTIVE OFFICER, KOREA WESTERN POWER CORPORATION (KOWEPO)
Date: Tuesday 23 July 2013
ATTENDEES Mr Moon-Duk KIM Chief Executive Officer, KOWEPO
Mr Dong-Beag LEE Managing Director, Fuel & Resources Office, KOWEPO
Mr Myung-Moon KWAK General Manager, Fuel & Resources Office, KOWEPO
Mr Deog-Bin IM General Manager, Fuel & Resources Office, KOWEPO
Mr Se-Hun KWANG General Manager, KOWEPO
Mr Yong-Yeon PARK Deputy General Manager, Fuel & Resources Office, KOWEPO
MEETING SYNOPSIS I discussed KOWEPO’s current procurement plan and future investment plans for Queensland’s coal industry. I provided assurance that the Queensland State government will support KOWEPO’s endeavours to secure a stable supply of thermal coal from Queensland. Queensland is a competitive place for Asian markets geographically and has an edge in quality of our coal and logistics. Trade and Investment Queensland (TIQ) will follow up to ensure that appropriate mining projects are introduced. I also invited Mr Moon to visit Queensland to visit these projects and inspect our infrastructure. I highlighted the potential for mining and energy related education programs for its executives to be delivered in Queensland. Long distance transmission issues in Queensland and power distribution to scattered islands in Korea were discussed as common issues for both regions, presenting possible opportunity for cooperation and sharing of information. TIQ has been closely working together with KOWEPO and liaising and arranging meetings with relevant Queensland Government agencies and Queensland companies. KOWEPO is one of the major electricity power suppliers in Korea. KOWEPO was established in a separation from Korea Electric Power Corporation (KEPCO) under the Korea Power Industry Restructuring Act in 2001. KOWEPO is currently importing coal from Australia, majority from NSW. The company plans to increase its purchases of Queensland thermal coal. According to its power generation capacity expansion plan, its demand for coal is expected to grow substantially from 2016, as newly installed coal-fired power plants come online.
32 MEETING WITH DR JUNG-SIK KOH, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KOREA RESOURCES CORPORATION (KORES)
Date: Tuesday 23 July 2013
ATTENDEES Dr Jung-Sik KOH President and Chief Executive Officer, KORES
Mr Moo-Young LEE Director General, Energy Dept, KORES
Mr Nam-In KIM Team Leader, Coal Business Team, KORES
MEETING SYNOPSIS I sought a briefing from KORES regarding its future investment plans to achieve its self-sufficiency targets for coal, iron ore and mineral resources which feed Korea’s power and manufacturing sectors. I outlined the Queensland Government priorities in energy, resources and coal infrastructure sectors. I stressed the Government’s commitment to cut red and green tape and ensure that approval processes for major projects are efficient. I encouraged further investment in Queensland for KORES to achieve the self-sufficiency rate of Korea for coal, other strategic minerals and rare metals. I explored the possibility for mining-related education and training for executives from KORES. Such education and training would serve to further business linkages and opportunities for Queensland. The President mentioned that some of their staff members studied at Queensland universities and mentioned that some of his best performing geologists graduated from Queensland. I mentioned that cooperation in the education sector is important and the Queensland Government is ready to support this in the future. I extended an invitation for Dr Koh to visit Queensland to see new developments in the mining and energy sectors. Dr Koh expressed his keen interest to visit Queensland to obtain an update on State Government policies and initiatives in the mining sector. KORES is a member of the AKBC (Australian-Korean Business Council) and participates in annual events. This year it would be held in Melbourne. Dr Koh suggested that AKBC should hold the event in Queensland in future. Korea Resources Corporation (KORES) is a state owned energy and resources enterprise and its current objective is to be one of the top 20 mining companies in the world. Since making its first investment in 1977, KORES now has 38 ongoing projects in 17 countries including 13 projects in Australia (5 projects in Queensland alone).
33 MEETING WITH MR SUNG HWAN MOON, PRESIDENT AND CHIEF EXECUTIVE OFFICER, SAMYANG CORPORATION AND SAMYANG GENEX CORPORATION
Date: Tuesday 23 July 2013
ATTENDEES Mr Sung-Hwan MOON President and CEO, Samyang Corporation and Samyang Genex Corporation
Mr Myung-Ki KIM Executive Vice President, Samyang Corporation
Mr Jin-Yong LEE Vice President, Samyang Holdings Corporation
Mr Ju-Heon NAM Chief of Grain Team, Samyang Corporation
Dr Chang-Ho PARK Chief of Overseas Resources Task Force Team, Samyang Genex Corporation
Mr Hae-Jeong AN Manager of Samyang Corporation
MEETING SYNOPSIS I thanked Samyang for its continuous commitment in sourcing raw sugar from Queensland. Samyang is importing wheat from WA and is also interested in identify further sources of supplies. Samyang is exploring investment opportunities in Australia and other Southeast Asian countries. Vertical integration of raw material production capability would provide direct access to essential raw materials for Samyang’s manufacturing chain, which already includes considerable research and development capabilities. Australia is one of the candidate countries for investment and Queensland has been identified as having the right combination of climatic and agrological conditions, as well as the necessary infrastructure for their needs. I relayed the advantages of choosing Queensland as an investment site for agribusiness, including: a diverse climatic range from semi-arid to tropical and farming systems to suit wet and dry tropics; well-developed sea port and airport infrastructure; innovative research and development and access to a range of support services at every stage of the innovation process; and a highly skilled workforce and world-class research and training institutions I encouraged continued work with the Trade and Investment (TIQ) Korea office to identify suitable opportunities to move forward with its investment plan. Samyang Holdings Corporation, founded in 1924, engages in the chemicals, food, and pharmaceutical businesses through its 16 subsidiaries. The group has operations across Korea, China, Japan and the US. Two key subsidiaries are Samyang Corporation (sugar refinery) and Samyang Genex (corn starch processor and wet milling company). 34 Samyang Genex imports and processes starch derived from corn and cassava. Products are supplied to the food, pharmaceutical, paper, textile and cosmetics industries. Recent ventures include innovative products such as biodegradable plastics. Samyang Genex exports to more than 20 countries.
35 DINNER WITH EDUCATION AND MIGRATION INDUSTRY
Date: Tuesday 23 July 2013
ATTENDEES A total of thirty one guests, including the Queensland business delegation and Korean guests, attended the dinner. Attendees represented key study abroad agents and migration agents that have been proactive in promoting Queensland to their clients.
EVENT SYNOPSIS
I promoted Queensland education and migration programs to industry representatives. I reinforced Queensland’s image as a safe place to study and live with a high level of services available. Apart from our world class education institutions, Queensland offers a diverse range of natural wonders, tourist attractions and sporting facilities. I promoted Queensland as the destination of choice for Korean business migrants. The Queensland Government is committed to attracting successful business migrants who wish to invest and live in Queensland. I promoted the high quality of Queensland’s education sector and highlighted the vital role that agents play in growing and sustaining the international education industry. During the reception, I met with Dr Yeong-Jin Ko, Gyeongsangnam-do Education Governor of Gyeongsangnam-do Office of Education and discussed potential collaboration on a specific project to create a virtual teaching environment for teaching English in Korean schools. Dr Yeong-Jin Ko will visit Queensland later this year, I will meet with him to further discuss this collaboration between Queensland and Gyeongsagnam-do province.
36 MEETING WITH MR YONG-IL LEE, EXECUTIVE VICE PRESIDENT OF POSCO ENGINEERING & CONSTRUCTION (POSCO E&C)
Date: Wednesday 24 July 2013
ATTENDEES Mr Yong-il LEE Executive Vice President, POSCO E&C
Mr Gyu-Jin CHO Executive VP, Global Markeing Division, POSCO E&C
Mr Yong-Soo PARK Senior VP, Civil & Environment Division, POSCO E&C
Mr Chang-Hyung LEE General Manager, Civil & Environment Division, POSCO E&C
Mr Seung-Subh LIM General Manager, Resource Infra Business Group, POSCO E&C
Mr Edward LEE Commercial Manager, Australia Roy Hill Business Unit, POSCO E&C
MEETING SYNOPSIS I took the opportunity to raise the level of engagement with POSCO Engineering and Construction (POSCO E&C) as it continues to explore opportunities in Queensland. I sought a briefing on POSCO E&C’s activities and strategies for participation in the Australian resource development, infrastructure, PPP and property development sectors. POSCO E&C has a dedicated Rail Business Division and retains actual construction and operation experience in Korea. Recent projects include a light rail project which the company invested in and constructed. There is another light rail project in Seoul which is currently under construction and the company is the main investor. I outlined the Queensland Government’s key economic development policies, in particular, energy, resources and infrastructure sectors and the establishment of Projects Queensland. I highlighted the ways the Queensland Government delivers better infrastructure and planning, achieves greater value for money from the government’s infrastructure program and service delivery, and facilitates cooperative funding models to maximise private investment in infrastructure. I emphasised the Government’s commitment to reduce red tape and assured POSCO E&C of Queensland’s support through the provision of timely updates on developments and business introductions. I mentioned Commonwealth Games related projects and potential developments in Logan City and the Springfield areas as the company is also interested in city and urban development opportunities.
37 I encouraged POSCO E&C to engage with Queensland local companies in order to participate in resources and infrastructure projects. I mentioned the Memorandum of Understanding (MOU) for strategic partnership between the Queensland Government and Korea EXIM Bank signed earlier in my mission. POSCO E&C is a general construction company established in December 1994 and is now positioned as a global engineering & construction company based on expert engineering technologies and experiences from POSCO’s integrated steelworks. The company is a subsidiary of POSCO, the fifth largest steelmaker in the world in 2012.
38
CHINA
39 OFFICIAL DELEGATION MEMBERS – GUANGZHOU
The Honourable Treasurer and Minister for Trade Tim Nicholls MP
Mr Matt Jeffries Senior Advisor, Office of the Treasurer
Ms Nussara Smith Director, Overseas Market Development, Trade and Investment Queensland
TRADE AND INVESTMENT QUEENSLAND REPRESENTATIVES
Mr Zijian Zhang Trade and Investment Commissioner, China
40 BUSINESS DELEGATION MEMBERS – GUANGZHOU CONTACT DETAILS
Mr Brian Clark CEO Anscape Pty Ltd
Mr Russell Shields Chairman, Queensland and Northern Territory ANZ
Ms Cheryl Stanilewicz State Director Austrade
Mr Michael Choi Managing Director Australia Investment & Migration Corporation Pty Ltd
Ms Kelly Reaston General Manager – Planning and Environment Cairns Regional Council
Cr Terence James Deputy Mayor Cairns Regional Council
Ms Lisa Liang Executive Director Capital Investment
Ms Kay Ganley CEO Charlton Brown
Mr Rodney Lamb Director Ella Bay Pty Ltd
Mr Russell Kempnich Director Ella Bay Pty Ltd
Ms Shuang Hao Translator Ella Bay Pty Ltd
Mr Anthony Lin Principal Solicitor Goodman Lawyers
Ms Grace Guan Senior Vice President and Team Head, Commercial Banking HSBC China
Mr Joseph Chan Lawyer Joseph Chan Migration Specialist
Mr Peter Hudson Partner KPMG
Mr Luke Manning Director – Head of Markets (QLD) KPMG
41 Mr John Oberhardt Deputy CEO – Organisational Services Logan City Council
Cr Timothy Luke Smith Chair, Economic Dev Committee Logan City Council
Ms Wendy Bradley Managing Partner Ozone Whitsunday Resort
Mr Andrew Park Head of External Affairs Queensland Investment Corporation
Mr David Henry Chief Executive Officer Springfield Land Corporation
Mr Roland Evans Capital Export – Commercial Sales & Investments Knight Frank
42
BREAKFAST MEETING WITH KEY CHINESE INVESTORS
Date: Thursday 25 July 2013
ATTENDEES Ms Xing ZHONG Director and Vice President, Upper Horn Investment, a subsidiary of Yudean Group
Mr Hong NIU Assistant to General Manager, Guangdong Rising Assets Management Co. Ltd (GRAM)
Mr Qian DENG Deputy General Manager of Investment, Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd.
Mr Qi ZHANG Manager of Investment, Qinfa Group
Ms Xiaoli CHEN Manager of Trade, Qinfa Group
Mr Baron LI Assistant to Chairman, Ridong Group
MEETING SYNOPSIS
The meeting was an opportunity to promote investment into Queensland’s resources, commercial tourism and property sectors, and to reassure investors of the Queensland Government's commitment to streamlining the assessment and approval processes to attract greater investment into Queensland. The key Chinese investors invited to this meeting were industry leaders from top Guangdong-based Chinese private companies and State Owned Enterprises (SOEs), with new and existing investment interests in Queensland's mining, resources, and tourism development sectors. I received an update from the investors on the progress of their existing investments in Queensland as well as their future investment plans. I noted that the Queensland Government encourages public-private partnerships and is focussed on creating a more conducive investment environment, especially in regard to the development of new projects and infrastructure. I reaffirmed the Queensland Government’s commitment to fostering the growth of the four pillar industries in Queensland and noted that collaboration with international investors was a crucial element to the growth of these sectors in Queensland. I emphasised that Queensland could work together with China for our mutual economic benefit. Opportunities for our engagement with China are not confined to coal mining and mineral resources, but also exist in emerging areas like food and agribusiness, tourism infrastructure, and construction. I encouraged the investors to further explore these opportunities and expand their investment portfolios in Queensland. Guangdong Rising Assets Management Co. Ltd (GRAM) is headquartered in Guangzhou and is one of the largest SOEs under the Guangdong Provincial Government. The scope of their business includes mining, electronic information, hotels & tourism, engineering and property development, with total assets over A$15 billion. GRAM has successfully invested in five publicly listed mining
43 companies in Australia through its subsidiaries. The company has a stake in PanAust Ltd, a Brisbane based mining company with copper assets in Laos and Chile. It took over Caledon Resources in 2011. In Queensland, GRAM has invested in two coal mining projects (Resources Cook Mine and Minyango Coal Deposit) and Mount Oxide (Copper mine in Mount Isa). Upper Horn is the fully owned subsidiary of Yudean, a local government owned utility. Together with their partners, Upper Horn has invested in two power plants (Millmerran and Callide C) through InterGen. As the Chinese government is reducing coal fired power stations, Upper Horn would also like to explore investment opportunities in CSG and LNG and in gas pipeline infrastructure. The company focuses on the mid-stream and down-stream processes. Shenzhen Lingnan Nonfemet is a fully owned subsidiary of GRAM, who has invested in Perilya Limited. Ridong Group (RDG) has invested in the Jewel project in the Gold Coast. Qinfa is the largest private coal trading organisation in China, with shares listed on HKEX. It has been importing coals from Queensland for many years. It has six mines in China. It has invested in thermal coal in Indonesia and Australia. Currently it owns 30% of shares in Tiaro Coal, who holds the majority interests in local exploration tenements in Southeast Queensland.
44 MEETING WITH MR CHEN GANG, EXECUTIVE VICE, PRESIDENT CHINA SOUTHERN AIRLINES
Date: Thursday 25 July 2013
ATTENDEES
Mr CHEN Gang Executive Vice President, China Southern Airlines
Ms LIU Yunna Vice President, Marketing Division
Mr CHEN Guojun Director General of Commercial Steering Committee
Mr Michael HUANG Deputy Director General of Commercial Steering Committee
Ms Lily ZHOU Brand & Marketing Communication
Ms CHEN Minmin Manager of International Communication Office
MEETING SYNOPSIS
This meeting was an opportunity to acknowledge to the Executive Vice President and other senior executives, the importance of China Southern Airlines to Queensland’s tourism industry and to encourage expansion in aviation route capacity between Guangzhou and Queensland. China Southern Airlines is an important partner for Queensland and currently operates four services per week flying Guangzhou-Brisbane. During the meeting I thanked the senior executives of China Southern Airlines for their ongoing support of Queensland and reinforced the Queensland Government’s commitment to continue to develop this strong relationship into the future. I acknowledged the contribution China Southern Airlines has made to the Queensland tourism industry with the establishment of the Guangzhou-Brisbane service in November 2010 and discussed the possibility of increasing their flights into Queensland. I indicated the increasing importance of China to the Queensland tourism industry and the government's goal to double visitor night expenditure to A$30 billion by 2020. Subsequent to the meeting, the Airlines has confirmed it will increase its Guangzhou-Brisbane route to a daily service from 21 November 2013 which represented a 75 per cent increase in the route’s current capacity.
45 QUEENSLAND INVESTMENT SEMINAR ON BUSINESS MIGRATION AND SIGNIFICANT INVESTOR VISAS
Date: Thursday 25 July 2013
ATTENDEES The seminar attracted 48 attendees including key Chinese investors.
EVENT SYNOPSIS I delivered a speech at this seminar encouraging Chinese investors to consider investing in Queensland in order to obtain an Australian Significant Investor Visa (SIV). In April 2013, my parliamentary colleague the Hon Ian Walker MP, Minister for Science, Information Technology, Innovation and the Arts, led an investment- attraction mission to China. During this mission, there was considerable interest in the SIV and the demand for a seminar focussed on this visa subclass. During the seminar I invited the Logan and Cairns City Councillors to introduce their regions. Mission members also introduced their investment projects to potential Chinese investors. Mr David Macleod, the Consul for Immigration, Consulate General of Australia in Guangzhou and Mr Zhang Zijian, Queensland Trade and Investment Commissioner, delivered speeches about the Queensland SIV criteria. Since the introduction of SIV in November 2012, China has been the leading source country for applicants applying for this visa subclass. An ANZ representative also introduced the services they could provide to new migrants.
46 DINNER HOSTED BY VICE GOVERNOR OF THE GUANGDONG PROVINCIAL GOVERNMENT
Date: Thursday 25 July 2013
ATTENDEES Madam ZHAO Yufang Vice Governor of Guangdong Province
Mr YANG Rongshen Director General of Guangdong Tourism Board Ms REN Shao Deputy Director General of Department of Foreign Trade & Economic Cooperation of Guangdong Province
MEETING SYNOPSIS This dinner was an opportunity for me to continue the significant relationship between Queensland and Guangdong. At this dinner, I signed the second iteration of the Queensland-Guangdong Friendship State Agreement with the Vice Governor. This Agreement was signed in both English and Chinese. I previously met the Vice Governor when she visited Queensland and attended the State luncheon I hosted on behalf of the Premier on 8 June 2012, for His Excellency Mr Wang Yang, who is now a Vice Premier of the People’s Republic of China. I Informed the Vice Governor that this was my first official visit to Guangdong as Treasurer and Minister for Trade, and that the purpose of this mission was to strengthen Queensland’s relationships with key government and industry leaders in Guangdong province to enhance trade and investment opportunities. I highlighted that the Queensland Government had identified four pillars of growth that would play a fundamental role in providing jobs and investment in communities across Queensland in the key sectors of construction and infrastructure, agribusiness, resources and energy and tourism. I welcomed increased high level bilateral visits between Guangdong and Queensland and invited the Vice Governor to visit Queensland again. The Vice Governor mentioned that Guangdong is the largest province in China in terms of GDP and population. However in comparison with Queensland, it’s GDP per capita is still low, therefore, there is still plenty room for development. After the global financial crisis, Guangdong has upgraded its industrial structure, and would welcome expertise from Queensland. The Chinese Government at both national and provincial levels are now encouraging companies to seek investment opportunities offshore. As income increases, there is also great demand for local residents to travel overseas to pursue education and training. The Guangdong Government is also keen to see an increase in two-way tourists between Queensland and Guangdong.
47 MEETING WITH MR MO BIN, CHIEF EXECUTIVE OFFICER OF COUNTRY GARDEN HOLDINGS COMPANY LTD
Date: Friday 26 July 2013
ATTENDEES Mr MO Bin Chief Executive Officer, Country Garden Holdings Company Limited
Mr Johnson Murr Chairman Assistant & Deputy Chief Financial Officer, Country Garden Holdings Company Limited
MEETING SYNOPSIS During the meeting I introduced Queensland as an attractive and profitable destination for investment and received a briefing on Country Garden Holdings’ future investment direction and plans. I provided an update on the Queensland Government’s current focus and strategy for the four pillar economy. I highlighted the improvement of the investment environment in Queensland, though the cutting of red tape and promoted the State’s capabilities. During the meeting I invited Mr Mo to visit Queensland to evaluate and inspect the projects available for investment in tourism infrastructure and major regional property developments, and offered the facilitation services of Trade and Investment Queensland (TIQ). Country Garden sees Australia as a great place to invest for residential property development. The Chairman and the senior management team recently visited Australia in June 2013. My delegation members were also able to introduce their tourism and property development projects to Country Garden. Mr Mo stated that he and his team would visit Australia again to inspect the projects. The Country Garden Holding Company Limited was established in 1992 with headquarters in Foshan and Guangdong Province, as well as being listed in the Hong Kong Stock Exchange in 2007. They specialise in large-scale high-end residential and tourism development.
48 QUEENSLAND GOVERNMENT RECEPTION GUANGZHOU
Date: Friday 26 July 2013
ATTENDEES Ms Jill Collins Consul General, Australian Consulate General in Guangzhou
Mr ZHENG Yongju Deputy Director General of Guangdong Foreign Affairs Office
EVENT SYNOPSIS At the reception I promoted Queensland as an attractive trade and investment destination, and reaffirmed our commitment to closer and stronger business and investment linkages with China, especially the Guangdong Province, Queensland’s strategic partner in Southern China. The reception attracted 95 guests and targeted Queensland delegates’ business partners in China, Chinese business entrepreneurs, investors and senior government officials. During the reception, I had the opportunity to speak with the Chinese guests and express my appreciation of their interest in doing business with Queensland. My mission delegates were able to introduce themselves to the audience. In my speech at this reception I mentioned: That this was my second trade mission to China since July 2012 and three other Queensland ministers have also visited Guangdong Province during this period, which demonstrated the importance that the Queensland Government placed on its long-standing friendship and relationship with China. The night before, I re-signed the Queensland-Guangdong Friendship State Agreement that demonstrated Queensland’s commitment to further strengthening and broadening its bilateral trade and investment ties with China for our mutual benefit. I commented that Guangdong is a very important source of investment for Queensland and praised some of those Guangdong companies including Guangdong Rising Assets Management (GRAM), Guangdong Yudean Group, Guangdong Qinfa Group, and Lingnan Nonfemet. I also highlighted that our partnership with China also expanded into other fields. In tourism, the Chinese visitors have notably increased their footprint in Queensland, thanks to the regular direct flight services to Queensland offered by the China Southern Airlines. I encouraged Chinese attendees to visit Queensland to see business opportunities first hand.
49 MEETING WITH MR WILLIAM HAN, CHAIRMAN AND OWNER OF WHITE HORSE GROUP AND PARTNERS
Date: Friday 26 July 2013
ATTENDEES Mr William HAN Chairman, White Horse Ms Tara XIE Chief Executive Officer, White Horse Mr LIN Feng Assistant to General Manager, Yuexiu Property
Ms LAI Ya GM for investment, Yuexiu Property Mr LI Handong GM for investment, Guangdong China Travel Service (CTS)
MEETING SYNOPSIS I discussed White Horse (Australia) Holdings Pty Ltd’s (WHA) future plans for Lindeman Island and for further tourism investment into Queensland. WHA purchased Lindeman Island Resort in April 2012. During the meeting, I acknowledged the focus of White Horse resources in the mineral sector and recommended that Mr Han consider investment in other pillars of the Queensland economy, such as resources and agriculture. I thanked Mr Han for his participation as a panellist in the Queensland Tourism Investment Forum I recently attended at Parliament House on 22 May 2013, for his recognition of Queensland's environmental attributes, and his choice to invest in Queensland. Mr Han introduced his plan for the future development of Lindeman Island Resort including establishing a fund to invest in Australia together with his business partners Yuexiu Property Group and China Travel Service Group (Guangdong) (GD CTS). Yuexiu is a state owned developer with two public listed subsidiaries in Hong Kong Exchange Market. It owns IFC, the tallest building in Guangzhou. Currently the group is developing its investment plan in Australia. GD CTS is the largest outbound tourism operator in Southern China. The company has seen an increasing trend in Chinese tourists travelling to Australia in the last few years and is likely to continue. GD CTS is interested in investing in the tourism industry in Australia through the fund. WHA is part of the White Horse Group of companies based in Guangzhou. The White Horse Group was established in 1986 and has become one of China's most successful advertising and media groups. Since 2009, the group has also been investing in real estate and mineral resources.
50
HONG KONG
51 OFFICIAL DELEGATION MEMBERS – HONG KONG
The Honourable Treasurer and Minister for Trade Tim Nicholls MP
Mr Matt Jeffries Senior Advisor, Office of the Treasurer
Ms Nussara Smith Director, Overseas Market Development, Trade and Investment Queensland
TRADE AND INVESTMENT QUEENSLAND REPRESENTATIVES
Ms Angela To Queensland Trade and Investment Commissioner, Hong Kong
52 BUSINESS DELEGATION MEMBERS – HONG KONG CONTACT DETAILS
Mr Brian Clark CEO Anscape Pty Ltd
Mr Russell Shields Chairman, Queensland and Northern Territory ANZ
Ms Cheryl Stanilewicz State Director Austrade - Queensland
Cr Terence James Deputy Mayor Cairns Regional Council
Ms Kelly Reaston General Manager – Planning and Environment Cairns Regional Council
Ms Kay Ganley CEO Charlton Brown
Mr Rodney Lamb Director Ella Bay Pty Ltd
Mr Russell Kempnich Director Ella Bay Pty Ltd
Mr Anthony Lin Principal Solicitor Goodman Lawyers
Mr Charles Collins Vice President, Commercial Banking HSBC Hong Kong
Mr Joseph Chan Lawyer Joseph Chan Migration Specialist
Mr Peter Hudson Partner KPMG
Mr Roland Evans Capital Export – Commercial Sales & Investments Knight Frank
Cr Timothy Luke Smith Chair, Economic Dev Committee Logan City Council
Mr John Oberhardt Deputy CEO – Organisational Services Logan City Council
Ms Sandy Lai Senior Associate McCullough & Robertson
Ms Wendy Bradley Managing Partner Ozone Whitsunday Resort 53 Prof Frank Gannon Senior Manager External Relations Qld Institute of Medical Research
Prof Rajiv Khanna Senior Researcher Qld Institute of Medical Research
Mr Andrew Park Head of External Affairs Queensland Investment Corporation
Mr David Henry Chief Executive Officer Springfield Land Corporation
54 VISIT TO CULTURAL SITES AND INTEGRATED RESORTS IN MACAU
Date: Sunday 28 July 2013
ATTENDEES OFFICIAL PARTY: The Honourable Tim Nicholls MP Treasurer and Minister for Trade
Mr Matt Jeffries Senior Advisor, Office of the Treasurer
Ms Nussara Smith Director, Overseas Market Development, Trade and Investment Queensland
Ms Angela To Queensland Trade and Investment Commissioner, Hong Kong
BUSINESS DELEGATES:
Cr Terence James Deputy Mayor Cairns Regional Council
Mr Anthony Lin Principal Solicitor, Goodman Lawyers Mr Joseph Chan Lawyer, Joseph Chan Migration Specialist
Mr John Oberhardt Deputy CEO – Organisational Services Logan City Council
EVENT SYNOPSIS Galaxy Macau - owned by Galaxy Entertainment Group Ltd. Galaxy Entertainment Group ("GEG"), through its subsidiary, Galaxy Casino, S.A., holds a Macau gaming concession from the Macau SAR Government since 2002. GEG constantly re-designs its growth strategy to meet market demands. The tour included inspection of high roller rooms and the Banyan Tree Hotel. The Banyan Tree Hotel is an exclusive resort comprising 246 suites, including the ultra-exclusive Presidential Suite and 10 pool villas. The Venetian - owned by the Las Vegas Sands Group. The Venetian Macao- Resort-Hotel was opened in 2007 with an interior that resembles the city of Venice. It is modelled on its sister casino resort the Venetian Las Vegas. It is Macau’s first integrated resort and has 4 casinos. The Venetian Macao-Resort features 3,000 luxurious suites, convention space, retail and casino space. The Las Vegas Sands Group which owns the Venetian and Palazzo on the Las Vegas Strip earns two thirds of its revenue in Macau City of Dreams - owned by the Melco Group. It features four towers: namely the Hard Rock Hotel, Crown Towers Hotel, and the Grand Hyatt Macau (2 towers). Its three-floor podium includes a mega-casino, over 200 shopping facilities and hotel guest facilities. City of Dreams has 420,000 square feet (39,000 m2) of gaming space with over 20 restaurants and bars. The property also includes high-end retail space spread across two levels. The delegation viewed historical sites from the Portuguese occupation of Macau. 55 MEETING WITH MR KAM HING LAM, MANAGING DIRECTOR, CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD (CKI)
Date: Monday 29 July 2013
ATTENDEES Mr KAM Hing Lam Managing Director, Cheung Kong Infrastructure Holdings Ltd (CKI) Ms Wendy Tong Barnes Chief Corporate Affairs Officer, Cheung Kong (Holdings) Limited
MEETING SYNOPSIS The purpose of this meeting was to maintain the long-term relationship Queensland shares with Cheung Kong Infrastructure (CKI) and encourage continued investment into Queensland. During the meeting I provided an update on the Queensland Government’s new focus on the four pillar economy and outlined key investment opportunities around Queensland and the Government’s commitment to support investors. I highlighted the improvements to the investment environment in Queensland, through the cutting of red tape, and promoted the State’s benefits and capabilities including the investment opportunities available through government initiatives such as the new Projects Queensland and Tourism Investment Attraction Units. Cheung Kong Group expressed an interest in agribusiness opportunities in Queensland targeting consumers in the Chinese markets. At the conclusion of the meeting I extended an invitation to Mr Kam to visit Queensland and inspect firsthand, the key major projects underway in Queensland. I also invited CK Life Sciences, a subsidiary of CK group, to attend Australia’s Biotechnology Conference 2013 hosted by AusBiotech between 29 October and1 November 2013 in Brisbane. Cheung Kong Group is one of the biggest overseas investors in Australia, with investments amounting to A$11 billion in infrastructure and utilities projects including the Brisbane Port facilities. The company has infrastructure assets in electricity, water, gas transportation, pharmaceuticals and telecommunications globally.
56 LIVE INTERVIEW WITH ANCHORS SUSAN LI AND SALAMAT IN THE BLOOMBERG’S "ASIA EDGE" TV BROADCAST
Date: Monday 29 July 2013
ATTENDEES Ms Susan Li Anchor, Bloomberg Television Mr Andy Clarke Executive Producer
MEETING SYNOPSIS I participated in a live 8 minute interview in the Bloomberg’s ‘Asia Edge’ TV broadcast. During the interview I promoted Queensland as an attractive trade and investment partner. The message of the interview was to provide viewers with an outlook of the Queensland resources industry and the 2014 G20 Leaders Summit in Brisbane. The Bloomberg interview was titled ‘Queensland focussed on getting AAA rating back’. Bloomberg is a global network broadcasting business and financial news. It has a global reach of over 310 million viewers worldwide. The company’s headquarters are based in New York and its Asian headquarters in Hong Kong. “Asia Edge” is an hour long program that presents extended interviews with the region’s newsmakers as well as panel discussions featuring Bloomberg’s market reporters, business experts and influential guests.
57 MEETING WITH DR BENNY WU, CHAIRMAN, CHANG YUANG GROUP
Date: Monday 29 July 2013
ATTENDEES Dr Benny Wu Chairman, Chang Yuang Group (CYG)
MEETING SYNOPSIS I thanked Dr Wu for his time in providing his investment testimonial for Queensland for the Department of Tourism, Major Events, Small Business (DTESB) earlier this year. Dr Wu’s testimonial is now featured on the Queensland Government Tourism investment gateway. During the meeting Dr Wu provided me with an update of his investment interests in Queensland, including his expansion plans for the Double Island Resort. He also provided an update on investments under negotiations in Queensland’s tourism industry. Chang Yuang Group (CYG) had recently expanded its investment portfolio to include hotels following their success in mining investment in Queensland. Richlands Rockfield (RR), which Dr Benny Wu was the Chairman, was acquired by Shandong Energy in 2012. Subsequent to the meeting Dr Wu finalised the purchase of the 150 room Acacia Court Hotel in Cairns, in a sign of international confidence in the State’s tourism industry.
58 QUEENSLAND GOVERNMENT BUSINESS RECEPTION HONG KONG
Date: Monday 29 July 2013
ATTENDEES The reception attracted over 180 guests including key business and industry leaders with interests in trade, investment and education in Queensland.
EVENT SYNOPSIS I delivered a speech during the reception promoting Queensland as an attractive trade and investment partner, reinforcing Queensland’s commitment to continue to do business with Hong Kong. I promoted trade and investment opportunities and business synergies between Queensland and Hong Kong across a number of sectors including food and agribusiness, transport and infrastructure, energy and resources, tourism, and education and training. I highlighted that Queensland was actively seeking investment in tourism, agriculture, resources and construction industries and outlined the Government’s commitment to cut red tape and streamline approval processes for major projects. I thanked attendees for their support of the long standing relationship with Queensland. I also acknowledged the support by the Australian Chamber of Commerce Hong Kong and Macau, CPA Australia Hong Kong and China and Federation of Australian Alumni Association in Hong Kong. I encouraged the existing and potential Hong Kong investors and buyers to continue to do business with Queensland. Queensland food suppliers featured and promoted at the luncheon included Visco Fine Food, CEAS Spanner Crab, OBE Organic Beef, Inglewood Organic Farms, Bundaberg Brew Drinks and Golden Circle. The Queensland menu for the function included Queensland premium quality seafood, meat and drinks. Some dishes included Queensland fresh antipasti, organic beef and organic chicken.
59 TREASURER INTERVIEWED BY SOUTH CHINA MORNING POST
Date: Monday 29 July 2013
ATTENDEES Ms Anita Lam South China Morning Post
EVENT SYNOPSIS I promoted Queensland as a reliable trade partner and attractive investment destination and the need to reduce trade barriers, the “Significant Investment Visa” scheme and the $5.5 billion Queensland Government tenders on infrastructure projects.
An article was featured in the Business section of the SCMP wiht the headline of “G20 SUMMIT - Australia to push China on trade pact” by Anita Lam, SCMP journalist.
60 MEETING WITH MR DAVID CHIU, CHAIRMAN OF FAR EAST CONSORTIUM INTERNATIONAL LTD (FEC) AND CHAIRMAN OF DORSETT HOSPITALITY INTERNATIONAL
Date: Monday 29 July 2013
ATTENDEES Mr David Chiu Chairman, Far East Consortium International Ltd. (FEC) and Chairman of Dorsett Hospitality International
Ms Winnie Chiu President of Dorsett Hospitality International
MEETING SYNOPSIS The purpose of this meeting was to promote Queensland as a reliable business partner and an attractive investment destination and encourage the Chairman of Far East Consortium (FEC) to consider investing in Queensland. I promoted Queensland as a strategic investment destination for tourism infrastructure and construction; and offered the Queensland Government’s support as FEC investigates opportunities to invest in Queensland. I highlighted the importance of tourism and construction as key pillars of the Queensland economy (along with agriculture and resources and mining). I cited the improvements to the investment environment in Queensland, such as cutting red tape, and promoted the State’s opportunities available through new government initiatives such as the Projects Queensland and Tourism Investment Attraction Units. I highlighted that Queensland is seeking to attract more hotels to meet the growing demand for quality accommodation in Brisbane. I introduced Brisbane City Council’s new moratorium on infrastructure for 5 star branded hotels. I also noted that the regions such as Cairns and Logan would welcome an upscale Grand Dorsett hotel or Boutique Kosmopolito. I invited the Chairman to visit Queensland to evaluate and inspect a range of projects, particularly in the tourism infrastructure space. Founded in 1960, Far East Consortium International Limited (FEC) is one of Asia's largest property developers and is a public company registered on the Hong Kong Stock Exchange since 1972. FEC commenced operations in Australia in 1994 and had developed 12 landmark properties in Melbourne. FEC also holds Dorsett Hospitality International Limited; an investor, owner and operator of hotels worldwide. Dorsett Hospitality International Limited operates 17 hotels, with 7 new hotels in the pipeline, making up a total of more than 7,000 rooms.
61 MEETING WITH MR TSANG CHUN-WAH (JOHN), GBM, JP, FINANCIAL SECRETARY OF HONG KONG SAR GOVERNMENT
Date: Monday 29 July 2013
ATTENDEES Mr Tsang Chun-Wah (John), GBM, JP Financial Secretary of Hong Kong SAR Government
Mr Paul Tighe Australian Consul-General
MEETING SYNOPSIS During the meeting I acknowledged the role that Hong Kong plays in strengthening Queensland’s economy and conveyed that Queensland has a strong interest in investment cooperation with Hong Kong. I received an update on the Hong Kong Government’s economic, social and regional challenges and the opportunities for Queensland. I promoted Queensland as an attractive trade and investment partner across a range of industries including construction and infrastructure, agribusiness, resources and energy (including LNG), tourism, education and training. At the conclusion of the meeting I invited Mr Tsang to visit Queensland during the 2014 G20 Leaders Summit in Brisbane. The Financial Secretary’s primary responsibility is to assist the Chief Executive (equivalent to a State Premier) in overseeing policy formulation and implementation in financial, monetary, economic, trade and employment matters. The Financial Secretary exercises the control over the Exchange Fund with the assistance of the Monetary Authority and is also responsible for the Government budget.
62 MEETING WITH MR KHOON EAN KUOK, CHAIRMAN OF KERRY HOLDINGS LIMITED
Date: Tuesday 30 July 2013
ATTENDEES Mr Beau KUOK Chairman and Chief Executive Officer of Shangri- La Asia Ltd and Director of Kerry Holdings Ltd
Mr Madhu Rao Executive Director & Chief Financial Officer of Shangri-La Asia Limited
Mr Greg Dogan President & Chief Executive Officer of Shangri-La International Hotel Management Limited
MEETING SYNOPSIS This meeting was an opportunity to seek an update on their operations. Shangri-La Asia Ltd’s (SLA) Queensland hotel investments comprises: Traders Hotel in Brisbane (formerly Holiday Inn) and Shangri-La Cairns (majority stakeholder). During the meeting I promoted Queensland as a reliable trade partner and attractive investment destination and encouraged further investment in Queensland’s tourism industry by SLA and Kerry Holdings Ltd (KHL). I promoted Queensland as a strategic destination for further investment by SLA and reiterated the government’s commitment to attracting foreign direct investment into tourism infrastructure to attract more hotels to meet the growing demand for quality accommodation in Brisbane. I introduced Cr Terry James of Cairns Regional Council, Cr Luke Smith of Logan City Council and Professor Frank Gannon of QIMR as well as the Ella Bay project near Cairns. KHL is in the hotel, real estate and industrial manufacturing businesses in Hong Kong and Mainland China. KHL also engages in edible oil; logistics and warehousing businesses; palm oil and sugar plantations and refineries; bottling plants; and publishes a newspaper. Hong Kong based SLA began with is first hotel in Singapore in 1971 and now operates over 80 hotels and resorts throughout the Asia Pacific, North America, the Middle East, and Europe. It is recognised as one of the world’s finest hotel ownership and management companies.
63
INDONESIA
64 OFFICIAL DELEGATION MEMBERS – JAKARTA
The Honourable Treasurer and Minister for Trade Tim Nicholls MP
Mr Matt Jeffries Senior Advisor, Office of the Treasurer
Ms Nussara Smith Director, Overseas Market Development, Trade and Investment Queensland
65 BUSINESS DELEGATION MEMBERS – JAKARTA CONTACT DETAILS
Mr Brian Clark CEO Anscape Pty Ltd
Mr Russell Shields Chairman, Queensland and Northern Territory ANZ
Ms Cheryl Stanilewicz State Director Austrade
Mr Trevor Ganley Director Charlton Brown
Mr John Stevenson Chief Financial Officer Consolidated Pastoral Company
Mr Anthony Lin Principal Solicitor Goodman Lawyers
Mr Nick Gandolfo Head of International Business HSBC Indonesia
Mr Joseph Chan Lawyer Joseph Chan Migration Specialist
Mr Brett Wightman Associate Principal Populous
Mr Andrew Park Head of External Affairs Queensland Investment Corporation
66
MEETING WITH DR BAYU KRISNAMURTHI, VICE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA
Date: Wednesday 31 July 2013
ATTENDEES Dr Bayu Krisnamurthi Vice Minister of Trade, Republic of Indonesia
Mr Gary Jusuf Indonesian Consul General, Sydney
MEETING SYNOPSIS I highlighted the importance of Queensland's trade relationship with Indonesia and identified areas of mutual interest where trade partnerships can grow. I promoted co-operations in tourism, education and training, food and agribusiness, METS, energy and infrastructure. We discussed the establishment of a Trade and Investment Queensland (TIQ) representative office in Jakarta, which received approval on the day I arrived. The Ministry of Trade is one of three Indonesian Government agencies responsible for reviewing the procedures for overseas State Government representative offices in Indonesia. The other two agencies are the Indonesian Ministry of Foreign Affairs and the Indonesian Investment Coordinating Board, BKPM. I informed Dr Bayu Krisnamurthi that the new Trade and Investment Commissioner in Jakarta will be responsible for the ASEAN region. I noted that my colleague the Honourable Dr John McVeigh MP, Minister for Agriculture Fisheries and Forestry visited Indonesia in May 2013, together with the Hon Willem Westra van Holthe, the Northern Territory Agriculture Minister, to re-establish relationships in relation to the live cattle trade. I invited the Vice Minister to consider leading a high level delegation to Queensland in 2013-2014 with the objective of growing trade and investment ties between Queensland and Indonesia. I highlighted the many opportunities for Queensland to become a strategic partner with Indonesia’s local mining industry. Queensland’s capability in all stages of the mining industry’s supply chains, specifically in equipment supply, technology and services, including training and education are good examples of areas for strategic partnership. I noted that the Memorandum of Understanding (MOU) between Queensland and Central Java was recently extended and signed by the Premier of Queensland and Governor of Central Java on 18 March 2013. Queensland has had Sister State relationship with Central Java since 1991. I encouraged the Minister to foster deeper engagement between universities in Queensland and Indonesia through international partnerships and research collaboration.
67 MEETING WITH MR IRWAN SJARKAWI, PRESIDENT COMMISSIONER OF PT. BAKRIE & BROTHERS TBK
Date: Wednesday 31 July 2013
ATTENDEES Mr Irwan Sjarkawi President Commissioner of PT Bakrie & Brothers
MEETING SYNOPSIS The meeting provided an opportunity to highlight Queensland's aim to strengthen trade and investment links and promote a long-term relationship with the Bakrie Group. The Bakrie Group is one of the largest business groups in Indonesia, with diversified business interests from mining, oil, real estate, construction to agriculture, media, and telecommunications. Most of its member companies are listed on the Indonesian Stock Exchange. The company also owns the Brisbane Roar. The group contributes 0.6% to the Indonesian GDP and has 120 senior executives and employs 1,700 people in Indonesia I discussed the purpose and objectives of my visit to Indonesia and encouraged Bakrie to consider Queensland as a business partner. I mentioned the establishment of a Trade and Investment Queensland Representative Office in Jakarta, later this year. The company has a new university which was about 3 years old with 2,000 students with the aim to increase to 5,000. Initially 71% of the students were from low income backgrounds and regional cities. The courses being offered included engineering, accounting and business management. There are opportunities for partnerships with universities in Queensland. Mr Sjarkawi also mentioned that Sumatra would like to focus on education and language skills and is keen to attract teachers from Australia who may want to teach there with the local government providing accommodation. He also mentioned that the city of Padang is looking for a sister city relationship. Mr Sjarkawi also gave a separate presentation to my business delegates regarding the Bakrie group’s business activities.
68 LUNCH MEETING HOSTED BY ANZ INDONESIA FOLLOWED BY SITE TOUR OF ANZ BUILDING
Date: Wednesday 31 July 2013
ATTENDEES A number of key ANZ clients attended the lunch along with my business delegation.
MEETING SYNOPSIS The meeting provided an opportunity to discuss the opening of the Trade and Investment Queensland office in Jakarta. I advised ANZ that the Queensland Government received the approval for the opening of the Office from the Indonesian Government yesterday, the day of my arrival in Jakarta. This approval is considered the fastest approval of any state government registration process. The new Queensland Trade and Investment Office will be based in the ANZ building to give Queensland’s access to the Bank’s well established networks in the market. ANZ has 28 branches and more than 48,000 staff in 11 cities across Indonesia providing customers with a full-fledged banking suite. I highlighted the importance of Queensland’s trade relationship with Indonesia and areas where trade can grow such as tourism, education and training, food and agribusiness, mining equipment, technology and services (METS), energy, and infrastructure. I advised the guests that the Queensland Government will appoint an Association of South East Asian Nations (ASEAN) Trade Commissioner, based in Jakarta, who will be responsible for business development for the region. I inspected the location of the new TIQ office in the building following the luncheon.
69 MEETING WITH H.E. MR GREG MORIARTY, AUSTRALIAN AMBASSADOR TO INDONESIA, EMBASSY OF AUSTRALIA
Date: Wednesday 31 July 2013
ATTENDEES H.E. Mr Greg Moriarty Australian Ambassador to Indonesia and senior Embassy’s staff
MEETING SYNOPSIS I expressed appreciation to the Ambassador for his support in lodging a formal request for approval of the establishment of a Queensland Government Trade and Investment Queensland representative office in Jakarta with the Indonesian Ministry of Foreign Affairs. I outlined that the new Trade and Investment Commissioner will be responsible for the Association of South East Asian Nations (ASEAN) region. The Commissioner will be supported by a number of dedicated Indonesia focused business development managers. The Ambassador outlined Indonesia’s current climate in relation to political, economic and financial conditions. I discussed Queensland’s target sectors for Indonesia including investment attraction and education and training, infrastructure, energy, METS and agribusiness, as well as leading-edge research alliances. I highlighted the importance of the education and training linkages in particular the need to build up our alumni base. I also highlighted the government’s commitment to tourism as a pillar of the state’s economy and noted the government’s commitment to doubling visitor expenditure to $30 billion by 2020. I discussed Oz Fest Indonesia 2014 which is aimed at raising profile of Australia in Indonesia. Queensland has confirmed a Silver Partnership status.
70 QUEENSLAND GOVERNMENT RECEPTION HOSTED BY THE AUSTRALIAN AMBASSADOR TO INDONESIA, H.E. MR GREG MORIARTY
Date: Wednesday 31 July 2013
KEY ATTENDEES There were over 100 attendees at the reception from a variety of sectors including: mining, infrastructure and construction, education and training, energy, legal, media, sports business and government. Mr Kusdarminto, the Head Representative of Central Java Provincial Government in Jakarta attended on behalf of the Governor of Central Java.
EVENT SYNOPSIS
The reception provided an opportunity to highlight Queensland's aim to strengthen trade and investment links and promote a long-term relationship with Indonesia. I announced the establishment of Trade and Investment Queensland Representative Office in Jakarta, later this year. The Office will provide assistance to Queensland businesses interested in doing business in Indonesia and Indonesian based multinational companies interested in investing in Queensland. I highlighted the commencement of daily flights by Garuda Indonesia Airlines to Brisbane via Denpasar (Bali) departing Indonesia that evening. I acknowledged that the Honourable Campbell Newman MP, Premier of Queensland and His Excellency Mr Bibit Waluyo, Governor of Central Java signed an extension of the Sister State Memorandum of Understanding between Queensland and Central Java on 18 March 2013. During the reception I met with the delegation from Central Java and the former Vice Governor of Central Java, Mr Andi Soesmono who also congratulated me on the announcement of the office in Jakarta. I thanked the representatives from Central Java Government and the Consul General Sydney, Mr Gary Jusuf, for their support of Trade and Investment Queensland opening its representative office in Jakarta.
71 MEETING WITH MR EMIRSYAH SATAR, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF GARUDA INDONESIA
Date: Thursday 1 August 2013
ATTENDEES
Mr Emirsyah Satar President and Chief Executive Officer, Garuda Indonesia
Mr Adhe Rassat Sales Manager Australia and South West Pacific, Garuda Indonesia
Mr Tenten Wardhaya Vice President Network Management, Garuda Indonesia
Mr Pujobroto Vice President Corporate Communications, Garuda Indonesia
Mr Heriyanto Vice President Chief Executive Officer Office, Garuda Indonesia
MEETING SYNOPSIS
I congratulated Garuda on its daily flight between Brisbane and Jakarta via Denpasar (Bali) commencing 1 August 2013. I highlighted the Queensland Government’s commitment to tourism as a key pillar of the state’s economy and note the government’s commitment to doubling visitor expenditure to $30 billion by 2020. I congratulated Mr Satar for Garuda’s success to be among the top 10 airlines in the world according to recent World Airline Awards and that I would be flying Garuda Indonesia (flight 828) with my delegation members to Singapore straight after this meeting. I advised Mr Satar about the DestinationQ Forum that will be held on 27-28 August 2013 at the Gold Coast Convention and Exhibition Centre. I advised Mr Satar that the Queensland Government will open a Trade and Investment Queensland (TIQ) representative office in Jakarta in anticipation of growing business and trade activities between Queensland and Indonesia. Mr Satar is a keen bicycle rider and we discussed opportunities for Queensland to attract bike riding groups from Indonesia. Garuda Indonesia is the flag carrier of Indonesia and serves as a full service airline. Garuda Indonesia currently operates 82 aircrafts and serves 33 domestic and 18 international destinations in Asia (Regional Southeast Asia, Middle East, China, Japan and South Korea), Australia, and Europe (The Netherlands). Subsequent to the meeting, I officiated, on behalf of the Queensland Government, the Garuda’s official launch function of its new services in Brisbane on 20 August 2013.
72 SINGAPORE
73 OFFICIAL DELEGATION MEMBERS – SINGAPORE
The Honourable Treasurer and Minister for Trade Tim Nicholls MP
Mr Matt Jeffries Senior Advisor, Office of the Treasurer
Ms Nussara Smith Director, Overseas Market Development, Trade and Investment Queensland
74
BUSINESS DELEGATION MEMBERS – SINGAPORE CONTACT DETAILS
Mr Brian Clark CEO Anscape Pty Ltd
Mr Russell Shields Chairman, Queensland and Northern Territory ANZ
Ms Cheryl Stanilewicz State Director Austrade
Ms Lisa Liang Executive Director Capital Investment
Ms Kay Ganley CEO Charlton Brown
Mr Rodney Lamb Director Ella Bay Pty Ltd
Mr Anthony Lin Principal Solicitor Goodman Lawyers
Mr Joseph Chan Lawyer Joseph Chan Migration Specialist
Cr Timothy Luke Smith Chair, Economic Dev Committee Logan City Council
Mr John Oberhardt Deputy CEO – Organisational Services Logan City Council
Mr Andrew Park Head of External Affairs Queensland Investment Corporation
Mr David Henry Chief Executive Officer Springfield Land Corporation
75
QUEENSLAND ALUMNI RECEPTION HOSTED BY HIS EXCELLENCY, MR PHILIP GREEN, OAM, HIGH COMMISSIONER TO SINGAPORE
Date: Thursday 1 August 2013
ATTENDEES - HE Mr Philip Green, OAM, High Commissioner to Singapore - Approximately 150 guests
EVENT SYNOPSIS
The event was an opportunity to promote Queensland’s education industry and provided a platform for Queensland alumni and business delegates to discuss business opportunities, share ideas and expand networks. Queensland’s alumni network is a useful channel in fostering closer economic and cultural ties between Queensland and Singapore. I delivered a speech welcoming the international alumni and thanking them for studying in Queensland. I also used the opportunity to promote Queensland as a superior choice for education and highlighted some of our research successes. I encouraged alumni to consider Queensland for business and investment opportunities as they progress in their careers. The Alumni were invited through the Queensland based universities coordinated by Trade and Investment Queensland. Additionally key industry stakeholders were also invited by the Australian High Commission. The event was hosted by the High Commissioner HE Mr Philip Green and according to his feedback was one of the most successful events he has hosted, with around 150 attendees The alumni appreciate the opportunity to stay connected with Queensland and to meet with a senior Queensland Government Minister. Continued engagement with the alumni network is one of the strategies that Trade and Investment Queensland will continue to implement to promote our education industry internationally. My business delegation members also had an opportunity to network with attendees and to discuss new opportunities.
76 PRIVATE LUNCH HOSTED BY UNITED OVERSEAS BANK AND WITH INVESTORS
Date: Friday 2 August 2013
ATTENDEES o Mr Wee Ee Cheong, Deputy Chairman and CEO of UOB o Senior executives of UOB and their major clients from South East Asia
MEETING SYNOPSIS
United Overseas Bank (UOB), as a major bank in Singapore has been operating very successfully in Australia since 1984. Its project financing credential is extremely impressive and includes some multi-billion dollar infrastructure deals in Australia and Queensland. It currently has a portfolio in excess of $4 billion in Australia/Queensland. UOB can attest that the Queensland Government is progressive and commercial. This was a key reason for the Bank to open its office in Brisbane, which I officially opened in March this year. The Bank can play a strategic role in assisting the Queensland Government to attract investors into Queensland. The luncheon provided opportunity to promote Queensland as an attractive trade and investment partner, and outline our commitment to continue to do business in Singapore. I delivered a speech highlighting the strength of Queensland’s economy, above average forecasted growth rates in comparison to the other advanced economies and Queensland’s current economic indicators. I stressed that the Queensland Government understands business and the importance of growing a diverse economy. It is committed to growing a four pillar economy including tourism, agriculture, resources and construction. To help boost Queensland’s economy and create jobs, we are cutting red tape and regulation and speeding up project approvals for business. Singapore is the fourth largest investor in Australia, behind the United States, Britain and Japan, with approximately $50 billion worth of investment in Australia at the end of 2011. I promoted opportunities in the tourism infrastructure sector as Singapore is a major source of investment into this industry in Australia and Queensland. My delegation members had opportunities to meet with important business leaders from Singapore and the South East Asia region. It is expected a number of business people who attended the luncheon will visit Queensland in the near future to explore business opportunities. Trade and Investment Queensland will continue to work with the UOB to promote Queensland trade and investment opportunities to the region.
77 INVESTMENT ROUNDTABLE WITH ANZ SINGAPORE AND INVESTORS
Date: Friday 2 August 2013
ATTENDEES o Mr Ho Meng Kit, CEO, Singapore Business Federation (SBF) o Mr Bill Foo, Deputy Chairman, ANZ Singapore o Approximately 35 key Singapore business representatives
EVENT SYNOPSIS The roundtable provided opportunity to promote Queensland as an attractive trade and investment partner and to outline our commitment to continue to do business in Singapore. It also provided an opportunity for my delegation members to pitch investment opportunities. Three presentations were also made at the round table by Councillor Luke Smith, Chair of Governance, Finance and Economic Development Committee, Logan City Council, Mr Rod Lamb, Director of Ella Bay a major resort development project and Mr David Henry, CEO of Springfield Land Corporation. Singapore Business Federation (SBF) is the apex business chamber that champions the interests of the Singapore business community in trade, investment and industrial relations. SBF in conjunction with ANZ Singapore and the International Enterprise (IE) invited a select group of prominent business leaders to this event. I opened the roundtable and outlined the strength of Queensland’s economy and business opportunities in the four pillar industry sectors: agribusiness, construction, mining and tourism, underpinned by our education sector. I encouraged investment in Queensland noting opportunities in sectors including: Food and Agribusiness – Queensland is world renowned for producing high quality, safe clean and green food. The Agri-Food & Veterinary Authority of Singapore has identified Queensland as a strategic food source in its Food Security Strategies; Supply chain industries to service the emerging Coal Seam Gas and LNG industries; Aviation and Aerospace – Queensland is Australia’s centre for aviation training, a growing hub for R&D of emerging aviation technologies, and Singapore Airlines has invested in excess of $40 million in its training school on the Sunshine Coast; Bio Industries – bio fuels, medical devices and diagnostics, therapeutics and complementary medicine; Mining Equipment and Services – a global hub for mining services, world- class mining technology and service expertise; and Tourism infrastructure including hotels. I again stressed that the Queensland Government is committed to helping business flourish; we are cutting red tape and regulation, and speeding up project approvals for business to help get Queensland’s economy growing and creating jobs. 78 I acknowledged Singapore’s importance to Australia and Queensland in terms of investment as the fourth largest investor in Australia, behind the US, Britain and Japan, with approximately $50 billion worth of investments in Australia at the end of 2011. I also discussed with Mr Meng Kit and Mr Bill Foo a plan to regularly bring in inbound business delegations from Singapore to Queensland to tie in with major events in Queensland.
79 MEETING WITH MR S ISWARAN, MINISTER, PRIME MINISTER'S OFFICE, SECOND MINISTER FOR HOME AFFAIRS, SECOND MINISTER FOR TRADE AND INDUSTRY
Date: Friday 2 August 2013
ATTENDEES
o Mr S Iswaran Minister, Prime Minister's Office, Second Minister For Home Affairs, Second Minister For Trade And Industry o Mr Chan Khar Liang, Director North Asia and South East Asia Division o Mr Kelvin Tan Wei Yang, Assistant Director South-East Asia Division
KEY DISCUSSION POINTS
I met for over an hour with the Minister and I outlined the Queensland Government’s four pillar economy and provided an overview of Queensland’s Coal Seam Gas (CSG) and Liquefied Natural Gas (LNG) developments. I also informed the Minister about potential opportunities for the development of shale gas and tight gas industries in Queensland. In view of the close and long-standing bilateral relationships, geographical proximity between Singapore and Queensland, and the advancement of Queensland’s energy sector, I encouraged the Singapore Government to increase its involvement with Queensland, especially in the areas of investment, education, and research and development. Opportunities for collaboration in the agribusiness sector was also discussed considering Queensland’s reputation for producing clean and green products and that we are already exporting a range of food products to Singapore. I also mentioned that Queensland will host the G20 Leaders’ summit and the G20 Finance Ministers and Central Bank Governors’ meetings next year. I invited Minister Iswaran to visit Queensland including a visit to Gladstone to view the CSG project development. The Minister indicated his interest in visiting Queensland.
80 PRIVATE DINNER WITH KEY ANZ SINGAPORE INVESTOR CLIENTS
Date: Friday 2 August 2013
ATTENDEES Mr Bill Foo, Deputy Chairman, ANZ Singapore and a number of ANZ investment clients attended the dinner.
EVENT SYNOPSIS
This private dinner provided an opportunity to promote Queensland as an ideal trade and investment partner. A selection of current or potential investors in Queensland participated in this dinner hosted by ANZ Singapore. I also took the opportunity to personally thank current investors for their contribution to Queensland and welcomed new investors. Mission members were able to meet with investors and discuss their business opportunities. I delivered an informal speech to promote Queensland as a key investment destination, particularly in the hotel and tourism infrastructure sector.
81 ATTACHMENT 1 – MEDIA RELEASES
JOINT STATEMENT Treasurer and Minister for Trade The Honourable Tim Nicholls Minister for Tourism, Major Events, Small Business and the Commonwealth Games The Honourable Jann Stuckey
China Southern Airlines to fly daily to Queensland
Queensland’s tourism industry has received another boost today with China Southern Airlines officially confirming it will increase its Guangzhou-Brisbane route to a daily service from 21 November 2013.
Minister for Tourism, Major Events, Small Business and the Commonwealth Games Jann Stuckey welcomed the news, which represented a 75 per cent increase in the route’s current capacity.
“This is fantastic news for Queensland and a show of confidence in our tourism industry,” Ms Stuckey said.
“The new daily service will add more than 33,000 available seats for Chinese visitors to access Queensland each year.
“Increasing aviation access is paramount to the strength of Queensland’s tourism industry and the Government’s goal is to double annual overnight visitor expenditure from $15 billion to $30 billion by 2020.”
Ms Stuckey said China was now Queensland’s second largest international market and one of its fastest growing.
Queensland welcomed 279,000 Chinese travellers in the year to March 2013, according to the latest Tourism Research Australia figures.
The overall number of Chinese visitors to Queensland was up 23 per cent in the year – these visitors spent $511 million on their trips to the State, $109 million more than the previous year.
“China Southern Airlines launched its first direct service to Queensland in November 2010 with three-weekly flights,” Ms Stuckey said.
“The State shares a strong relationship with the airline which is only strengthened by today’s announcement.”
Queensland Treasurer and Minister for Trade Tim Nicholls recently met with officials from China Southern in Guangzhou to encourage further flights as part of
82 his trade mission in July.
“That meeting reinforced the Newman Government’s commitment to this partnership and the strong potential for future growth,” Mr Nicholls said.
“Guangzhou is one of the economic powerhouses of China and it’s fantastic to have direct access to what is an increasingly important market.
“The strength of our relationships with Chinese partners are the result of our efforts to reach out to this market and are bolstered through regular government- led trade and investment missions.”
Mr Stuckey said Tourism and Events Queensland (TEQ) would continue to work closely with China Southern Airlines and other industry partners to support the service with marketing activity in China.
“It’s a great achievement to have built this demand and secured daily flights in just under three years since the inaugural flight,” she said.
China Southern Regional General Manager Australia/New Zealand Henry He said the airline was pleased with the positive response to its Queensland flights.
“Queensland offers wonderful natural attractions and great shopping and nightlife experiences that appeal to Chinese travellers,” Mr He said.
[ENDS] 20 August 2013
MEDIA CONTACTS:
Minister Stuckey’s Office – 07 3224 2002
Treasurer’s Office – 07 3224 6900
Tourism and Events Queensland - 07 3535 5840
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83
JOINT STATEMENT Treasurer and Minister for Trade The Honourable Tim Nicholls Minister for Tourism, Major Events, Small Business and the Commonwealth Games The Honourable Jann Stuckey
Chinese investor expands far north Queensland tourism portfolio
Major Chinese investor Benny Wu has finalised the purchase of the 150 room Acacia Court Hotel in Cairns, in a sign of international confidence in the State’s tourism industry.
Minister for Tourism, Major Events, Small Business and Commonwealth Games Jann Stuckey said Queensland is increasingly on China’s radar as a major visitor destination and Dr Wu’s investment in the State will provide more of the needed visitor facilities.
“This is fantastic news for Queensland and a major boost to our tourism industry,” Ms Stuckey said.
“Dr Wu’s investment of the Acacia Court Hotel follows his property purchase on Double Island earlier this year.
“These investments will include major refurbishment and upgrades to the properties.
“Increasing the quantity and quality of our visitor attractions, accommodation and services is paramount to the strength of Queensland’s tourism industry and the Government’s goal of doubling annual overnight visitor expenditure from $15 billion to $30 billion by 2020.
“In the year to March 2013 Queensland welcomed 279,000 Chinese travellers, making China the State’s second largest, and one of our fastest growing, international markets.
“The Newman Government remains committed to gaining the needed investment in the State’s attractions and accommodation to take our tourism industry into the future, facilitating opportunities through its dedicated Tourism Business Attraction Unit.”
Treasurer and Minister for Trade Tim Nicholls said Dr Wu’s investment was a show of confidence in Queensland and where the State was headed under the Newman Government.
“I had the opportunity to discuss the many opportunities for investment in Queensland’s tourism sector with Dr Wu while in Hong Kong on a trade mission
84 last month,” Mr Nicholls said.
“Just like the Newman Government is confident in the direction this state is headed, Dr Wu is similarly optimistic about the potential for growth in Queensland.”
Mr Nicholls said Government-led trade and investment missions played an important role in promoting Queensland on an international stage.
“We have an extremely positive story to tell to the world and these missions are about marketing that to an international audience,” he said.
[ENDS] 16 August 2013
Media Contact: Treasurer’s Office – 07 3224 6900
Minister Stuckey’s office - 07 3224 2004
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85
Treasurer and Minister for Trade The Honourable Tim Nicholls
Treasurer slings into Singapore to promote investment
Queensland Treasurer and Minister for Trade Tim Nicholls has begun the final leg of his two-week Trade Mission with a visit to one of Asia’s major business hubs, Singapore.
Mr Nicholls will meet with representatives from Singapore’s banking and finance industry to promote a range of partnership and infrastructure investment opportunities.
“Singapore and Queensland have a strong trade relationship, with two-way merchandise trade valued at more than $2.5 billion in 2011-12,” Mr Nicholls said.
“Statistics from Tourism and Events Queensland show the number of tourists visiting Queensland from Singapore increased by 25 per cent in 2012.
“This comes after Scoot Airlines began five weekly services between Singapore and the Gold Coast in June last year, opening the door for more than 100,000 extra international travellers to visit our shores each year.”
Mr Nicholls said Singapore’s confidence in Queensland was also evidenced by Singapore’s United Overseas Bank (UOB) opening an office in Brisbane in March this year.
“UOB is Singapore’s largest bank and is currently financing projects and business across Australia to a value of approximately $4 billion, primarily in the real estate services and resources sectors,” he said.
“Like many of our Asian neighbours, Singapore is looking for business and investment opportunities and Queensland’s robust investment climate is a big drawcard.
“This Trade Mission has reinforced the importance the Government puts on Queensland’s place in the global economy, as we seek new opportunities to enhance two-way trade and investment.”
Mr Nicholls has spent the past two weeks seeking a new wave of opportunities for the State, leading a group of industry representatives to Seoul, Guangzhou, Hong Kong, Jakarta and Singapore.
[ENDS] 1 August 2013
Media Contact: Treasurer’s Office +61 7 3224 6900
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86
Treasurer and Minister for Trade The Honourable Tim Nicholls
Treasurer reaffirms commitment to Indonesia
Treasurer and Minister for Trade Tim Nicholls today reaffirmed Queensland’s commitment to strengthening ties with Indonesia, with a visit to the proposed site of Trade and Investment Queensland’s (TIQ) new Jakarta office.
Mr Nicholls said the Ministry of Foreign Affairs of the Republic of Indonesia had, late yesterday, officially approved the Newman Government’s request to establish a TIQ representative office in Jakarta.
Speaking from Jakarta, where he is currently meeting key Indonesian Government and business representatives, Mr Nicholls said the Newman Government recognised Indonesia as a vital trading partner for Queensland.
“Indonesia, Queensland’s largest neighbour, is home to more than 240 million people and has a rapidly growing middle class,” Mr Nicholls said.
“In the last three years economic growth in Indonesia has averaged more than six per cent, meaning it consistently ranks among the world’s most impressive emerging markets.
“Queensland’s proximity to and strong ties with Indonesia means we are well placed to capitalise on the country’s robust growth forecasts.”
Mr Nicholls took time during his visit to inspect the proposed site for TIQ’s new Jakarta office, announced after a comprehensive review of the State Government’s export and investment agency.
“Indonesia’s continued economic growth provides enormous opportunities for our State, particularly for our four economic pillars” he said.
“Two-way merchandise trade between Indonesia and Queensland in 2011-12 (latest financial year data) was valued at $2.1 billion, providing a major contribution to the State’s economy.
“Increasingly, more Queensland businesses - particularly in the education and agribusiness sectors - are seeking advice from TIQ about opportunities in Indonesia.
“Opening this office is about assisting our local businesses and fostering trade opportunities with the economic powerhouse of our region.
“My visit builds on the great work undertaken by Minister for Agriculture, Fisheries and Forestry John McVeigh to rebuild trade relations that were damaged by the Federal Labor Government’s ill-conceived ban on live cattle exports.”
Mr Nicholls will tomorrow meet with Garuda Indonesia CEO and President
87 Emirsyah Satar to thank him for his commitment to Queensland and to congratulate the company on opening a new office in Brisbane.
“Trade relations between Queensland and Indonesia will be further enhanced with the aid of direct daily flights, starting tomorrow,” Mr Nicholls said.
“This is a major coup for our great State and will further increase tourism and business travel between our regions.”
[ENDS] 31 July 2013
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88
Treasurer and Minister for Trade The Honourable Tim Nicholls
Queensland and Hong Kong collaborate on cancer vaccine
A therapeutic vaccine to prevent a form of throat cancer is one step closer, with Queensland Treasurer and Minister for Trade Tim Nicholls today announcing a second phase of clinical trials.
Delegates from the Queensland Institute of Medical Research (QIMR) joined Mr Nicholls in Hong Kong this week to attract investment in the Phase II clinical trial and to brief existing philanthropic supporters on the research project’s progress.
Mr Nicholls congratulated researchers on the project’s success to date and said its continuation presented an exciting, new opportunity for potential investors.
“Queensland’s research and biotechnology expertise is recognised around the world, opening the door for even greater collaboration and educational exchanges,” Mr Nicholls said.
“As such, I have today extended an invitation to (Cheung Kong) CK Life Sciences to lead a biotechnology delegation to Brisbane in October as part of 2013 AusBiotech.”
QIMR Director and CEO Frank Gannon said the research project was an important collaboration between QIMR and Hong Kong University.
“Our goal is to improve cancer survival for people with nasopharyngeal carcinoma (NPC), an aggressive cancer and major health problem in South East Asia,” Professor Gannon said.
QIMR Senior Principal Research Fellow Rajiv Khanna said the long term aim of the research was to develop a vaccine that prevents the cancer.
“Following the promising results achieved in a Phase I clinical trial with terminal nasopharyngeal carcinoma patients using immunotherapy, QIMR and Hong Kong University have commenced a new trial, treating patients in the early stages of metastatic NPC,” Professor Khanna said.
“Each year, more than 80,000 patients are diagnosed with NPC, with the majority of these cases seen in Southern China and Hong Kong.”
[ENDS] 29 July 2013 Media Contact:
Treasurer’s Office +61 7 3224 6900QIMR +61 7 3362 0249
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89
Treasurer and Minister for Trade The Honourable Tim Nicholls
Treasurer visits China to attract investment in Queensland
Treasurer and Minister for Trade Tim Nicholls will reaffirm the State’s commitment to one of its largest trading partners by re-signing the Queensland-Guangdong Friendship State Agreement today.
Mr Nicholls, who is in China as part of a fortnight-long Trade Mission throughout Asia, said the agreement was first signed in 2008.
“Its continuation will bring our regions even closer together,” Mr Nicholls said.
“For the first time, China is on track to overtake Japan as Queensland's largest merchandise export market, with ABS data showing Queensland’s merchandise exports to China reached $8.2 billion in the first 11 months of the 2012-13 financial year.”
Mr Nicholls also used his visit to China to speak to leading business people about business migration and significant investor visas (SIV).
“Under the previous Labor Government, in 2011-12 Queensland sponsored only 212 visas, whilst 22,247 State-sponsored places were filled nationally,” he said.
“As part of the Newman Government’s first State Budget, I announced a comprehensive review of Queensland’s criteria for State-nominated skilled and business migration to reduce hurdles in the business and skilled migration program.
“These changes are already making an impact, with an increase of 40.8 per cent in the number of skilled-migrant nominations since April.
“As part of our commitment to maximise investment that directly benefits Queensland, we now have some of the broadest SIV criteria in the nation.
“Our approach is already delivering positive results, with Queensland nominating the second ever significant investment visa ever issued in Australia.
“Just last week, a Chinese company received approval under the SIV program to invest in a $180 million housing estate in the Queensland mining town of Emerald.
“Last financial year, we saw an estimated $4.6 billion in foreign direct investment from China - a significant increase on previous years.
“We also hosted 261,000 Chinese visitors last year, with an estimated expenditure of $468 million.”
90 Mr Nicholls said leaders from across the world, including China, would descend on Brisbane in November next year for the G20 Leaders’ Summit.
“We are honoured to have been selected to host this important event, as these nations together set the agenda for the global economy,” he said.
[ENDS] 25 July 2013
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91
Treasurer and Minister for Trade The Honourable Tim Nicholls
Newman Government signs agreement with major Korean bank
The Newman Government has today signed an agreement with the Export-Import Bank of Korea (Korea EximBank), which will enhance opportunities for overseas investment in Queensland.
Speaking at a Queensland Government reception in Seoul, Treasurer and Minister for Trade Tim Nicholls said the agreement was a great achievement.
“What this means for Queensland is that the State has been endorsed by a major overseas bank as a reliable business partner and investment destination,” Mr Nicholls said.
“This agreement is testimony to the confidence that overseas investors are placing in the State’s economy.”
Mr Nicholls, who signed the agreement on behalf of the Newman Government, said the document outlined investment collaboration opportunities in the infrastructure and resources sectors.
“A major part of this Trade Mission is to reinforce the State’s credentials as a stable business environment and a safe-haven for investment,” he said.
“The Korea EximBank is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises in conducting overseas business.
“As we work to repair the State’s finances and regain our AAA credit rating, agreements with major financial institutions, such as Korea EximBank, will continue enhancing the State’s global economic credibility.”
Mr Nicholls is currently looking for a new wave of opportunities for two-way trade, leading a group of industry representatives to Seoul, Guangzhou, Hong Kong, Jakarta and Singapore from 20 July to 3 August.
[ENDS] 22 July 2013
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92
Treasurer and Minister for Trade The Honourable Tim Nicholls
Queensland and Korean investment organisations sign MoU
Treasurer and Minister for Trade Tim Nicholls today welcomed the signing of a significant Memorandum of Understanding (MoU) between the Queensland Investment Corporation (QIC) and Korea Finance Corporation (KoFC).
KoFC is an entity wholly owned by the South Korean Government, mandated to provide finance and other support for sectors designated as having economic significance for the country.
Mr Nicholls met senior representatives from KoFC in Seoul today, marking the start of a fortnight-long Trade Mission throughout Asia.
“This MoU is a show of faith and goodwill between the Queensland and Korean Governments,” Mr Nicholls said.
“QIC is the Queensland Government’s institutional funds manager and plans to draw the experience and resources of KTB Private Equity, a leading Korean investment firm, to solidify the QIC-KoFC partnership.
“QIC is now Australia’s third largest institutional funds manager with more than AUD $71 billion in funds under management.
“Under the terms of the memorandum, QIC will seek to partner with KoFC and other Korean co-investors for investments into Australia, thereby strengthening the business ties between the two countries.
“This transaction leverages both QIC and KoFC’s unique positions as sophisticated Government-owned investors and reinforces QIC’s capabilities as a leading direct investor in the Queensland and Australian economies.”
Mr Nicholls said the KoFC memorandum would build on QIC’s already strong relationships with Korean Government investment organisations.
“Today, I also met with the CEO and President of Korea Investment Corporation (KIC) Chong-Suk Choi, encouraging KIC to invest in the Queensland and Australian economies.”
[ENDS] 22 July 2013
Media Contact:
Treasurer’s Office +61 7 3224 6900 QIC +61 401 143 761
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Treasurer and Minister for Trade The Honourable Tim Nicholls
Treasurer kicks off Trade Mission with racing industry meetings
Treasurer and Minister for Trade Tim Nicholls has visited Korea’s peak horse racing agencies and associations to investigate expansion opportunities for Queensland’s racing and construction businesses.
Mr Nicholls said Queensland’s racing industry was world-renowned for its quality of breeding and racing bloodstock, as well as its quality horse training skills which have been passed from generation to generation.
“The Korea Racing Authority (KRA) is a regular at the annual Magic Millions horse sales on the Gold Coast and a frequent buyer of Queensland bloodstock,” Mr Nicholls said.
“Queensland has an excellent relationship with the KRA, which has resulted in many Korean trainers and jockeys coming to Queensland to gain first-hand experience of our home-grown racing skills.
“This September, the Queensland Racing Equine Academy will host ten students from the Korea Horsemen High School for a three month training exchange.
“These students will study English, basic track riding and learn from our expert Racing Queensland trainer.
“The Korea Racing Authority is also in the process of upgrading its facilities in Yeongcheon City.
“Given Queensland’s considerable expertise and international reputation in stadium design and construction, Queensland companies are in a prime position to contribute to its development.”
Mr Nicholls also met the President and executives of the Seoul Racehorse Owners Association, to encourage their continued purchase of Queensland horses at the world-class Magic Millions sales events.
“The Newman Government is highly committed to Queensland’s racing industry,” he said.
“Nurturing these important overseas relationships will continue to open doors for our breeders and trainers, not only in Korea, but right across Asia.
“Events like Magic Millions also stimulate tourism and retail sectors of our economy.”
Korea is the first stop on Mr Nicholls’ second Trade Mission since being elected. Between July 21 and August 3 he will also travel to China, Hong Kong, Indonesia 94 and Singapore with a group of Queensland industry representatives to strengthen diplomatic ties, encourage investment and forge new trade partnerships.
[ENDS] 22 July 2013
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95
Treasurer and Minister for Trade The Honourable Tim Nicholls
Business delegates prepare for Asian Trade Mission with Treasurer
Queensland Treasurer and Minister for Trade Tim Nicholls will lead a Trade Mission to South Korea, China, Hong Kong, Indonesia and Singapore from 20 July to 3 August.
More than 30 Queensland business delegates, who will accompany Mr Nicholls on the Trade Mission, today received a pre-departure briefing from Trade and Investment Queensland (TIQ).
Mr Nicholls will visit the cities of Seoul, Guangzhou, Hong Kong, Jakarta and Singapore to promote Queensland as an attractive trade and investment destination in the key areas of resources and energy, agriculture, tourism infrastructure and construction.
“My visit to these important Asian neighbours is a timely one,” Mr Nicholls said.
“The last time a Queensland trade minister visited South Korea and Singapore was April 2011 and April 2010, respectively.
“These countries are key trading partners for Queensland, collectively making up 29 per cent or $26 billion of the State’s total merchandise trade in 2012.
“This visit will reinforce the importance we place on these existing relationships and will provide the opportunity to forge new ones.
“I will meet with various influential government and industry leaders across a range of sectors to attract investment and strengthen diplomatic ties, while business delegates will benefit from networking events and specially organised meetings with local buyers and philanthropists.
“We will showcase Queensland’s wide ranging capabilities, including as a leading provider of education and training solutions.”
In Seoul and Singapore, Mr Nicholls will host seminars and lunches to promote public-private partnerships and key infrastructure projects in Queensland.
“In Guangzhou, I will focus my efforts on responding to the growing Chinese interest in investing in Queensland’s tourism and infrastructure sectors and the State-sponsored migration program,” he said.
“In Indonesia, I will reaffirm Queensland’s strong commitment to Indonesia by discussing our intention to open a new TIQ office in Jakarta.”
96 [ENDS] 17 July 2013
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97
ATTACHMENT 2 – INTERNATIONAL MEDIA
Media Report Treasurer’s visit to Korea, Seoul, July 2013 As of 6 August 2013 Date of No Title of media article Press Reporter report 1 Visit by Queensland Treasurer and Minister Newspim 17/07/2013 Ki-Rak Kim for Trade to Korea http://www.newspim.com/view.jsp?newsId=2 0130717000315 2 KIC, discussion with the State of Queensland, Neil 23/07/2013 Australia on collaboration Newspaper .http://www.naeil.com/News/economy/ViewN ews.asp?nnum=722017&sid=E&tid=6 3 Treasurer and Minister Trade, Queensland, Seoul 17/07/2013 Australia, "Energy and Infrastructure Newspaper Collaboration opportunities" http://www.seoul.co.kr/news/newsView.php?i d=20130717500025 4 KIC, Discussion on collaboration with the Yonhap 22/07/2013 State of Queensland, Australia New http://news.naver.com/main/read.nhn?mode= LSD&mid=sec&sid1=101&oid=001&aid=0006 386525 5 KIC, Discussion on collaboration with the Yonhap 22/07/2013 State of Queensland, Australia New http://news.naver.com/main/read.nhn?mode= LSD&mid=sec&sid1=101&oid=001&aid=0006 386562 6 KIC, strengthening investment cooperation Yonhap 22/07/2013 Jin-Woo Oh with the State of Queensland, Australia Infomax http://news.einfomax.co.kr/news/articleView.h tml?idxno=73504 7 The status of Korea's national fund has been Chose Ilbo 22/07/2013 Yong-Sup raised…"Australia sought investment" Han http://www.joseilbo.com/news/htmls/2013/07/ 20130722189712.htm 8 Formation of a Cooperation Fund with Korea Korea 25/07/2013 Dong-Whoi Finance Corporation Economic Park http://www.hankyung.com/news/app/newsvie Daily w.php?aid=2013072456621 9 KIC, Discussion to strengthen its Korea 22/07/2013 Sun-Mi collaboration with the State of Queensland, Economic Shin Australia TV http://www.wowtv.co.kr/newscenter/news/vie w.asp?bcode=T30001000&artid=A20130722 0326\ 10. Treasurer and Minister Trade, Queensland, Excellence 05/08/2013 Editor Min- Australia, "Huge effect of the synergy from Korea Joo Kang the collaboration between Korea and Cooperatio Australia" n TIQ http://www.excellencekorea.com/board/board. Korea php?mode=read&keyno=193900&db=bbs_sa Office mple 98 11. Interview Release Leaderpia 06/08/2013 Editor & publisher, Seung Yong Yoo
5.http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=001&ai d=0006386562
Korea Investment Corporation, discusses collaboration with the State of Queensland, Australia
Mr Chong-suk Choi, President of KIC met the Hon Tim Nicholls, Treasurer and Minister for Trade, Queensland State Government and discussed collaboration measures including the development of mutual investment opportunities between KIC and QIC.
99 10.http://www.excellencekorea.com/board/board.php?mode=read&keyno=193900&d b=bbs_sample
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100 11. Interview Release, Leaderpia, 6 Aug 2013
~l 'c+ 7-\1 2l"-- .tfo _,.~~~<;-~.f. ll ~Hf~fl'im :>flf!~lliL1:tl.~i!J..=.EI:jAiit~RU~~l ~ ~,t:.J.:j 101 Media Report Treasurer’s visit to Guangzhou, China, July 2013 Date of No Title of media article Press Reporter report 1 Guangdong Vice Governor Met with Source: 30 July Queensland Treasurer Guangdong 2013 http://www.gdfao.gd.gov.cn/Item/18533.as Foreign px Affairs Office 2 Guangdong resigned Friendship Source: 26 July Agreement with Queensland Xinhua News 2013 http://news.xinhuanet.com/air/2013- 07/26/c_125069577.htm 3 Queensland opens door to more skilled Source: 26 July migrants LongTerm 2013 http://www.long-termproperty.com/news/ Property act-newdetail__newid-9947.html 4 Australia's Queensland welcomes Source: 25 July Chinese business migrants Global Times 2013 http://www.globaltimes.cn/content/799031. shtml 102 Media Report Treasurer’s visit to Hong Kong, July 2013 Date of No Title of media article Press Reporter report Australia to push China on Trade Pact http://www.scmp.com/business/china- South China 1 31 July 2013 Anita Lam business/article/1293231/australia-push-china- Morning Post trade-pact Queensland focussed on getting AAA rating back’. http://bloom.bg/1c4XX5b#ooid=YyeGxwZDqIq 2 SlQ2ldkKQ0BkfZ38UsxrS Bloomberg 29 July 2013 Susan Li 103 South China Morning Post (SCMP) news clip on the Treasurer: “G20 SUMMIT - Australia to push China on trade pact” by Anita Lam, SCMP journalist. South China Morning Post Wednesday, July 31, 2013 G20 SUMMIT Australia to push China on trade pact ture, to bid for public and private be in a business that provides to the automatic referral of all Anita Lam projects during a stopover in subsidies." investments by state-owned anlta.la~stmp.com Hong Kong as part ofhis tour. Cattle raiser.; in Australia have entities to the review board. "[Mainland state-owned never been more eager for a free Nicholls said the Australian The Group of 20 summit to be enterprises) want to come, and trade pact \vith China, as drought government had worked to fa held in Brisbane In November we want to sell agricultural in the north and protracted talks cilitate investment and immigra next year will be the perfect plat products and other things with with Indonesia about lllling a cap tion from China. The "significant form for Australia to revive free as few trade barriers as we can," on Australian beef mean they investment visa" scheme in· trade talks with China that have Nicholls said. 'We don't want to need to find new markets for Tim Nicholls traduced in Novemberpmctical dragged on since 2005, said an growth. ly removed language require Australian trade official, who While Australian beef now ment for applicants, which was cautioned that a deal might not enjoys low tarilfs in China com on certain issues in exchange for deemed the biggest barrier for come any time soon_ pared with elsewhere in the access to "the greatest market in Chinese immigrants. The num Tim Nicholls, treasurer and region, the country still Jags the world ", any meaningful talk ber of approvals by the Queens trade minister of Queensland We want to New Zealand, which has a duty could only b"!Pn after the general land government has since •• jumped 40 per cent year on year_ and currently on a two-week sell products free pact with China. Australia election In September. trade promotion trip in Asia, said shipped a record 62,000 tonnes of China wants the threshold at Apart from a number of hotel the two countries were unlikely with as few beefto China in May, more than which non-state investments at and redevelopment schemes, the to resolve the major points of 20 times the figure a year ago. tract scrutiny by the Foreign In Queensland government will difference quickly. trade barriers While Australia's Minister for vestment Review Board to be also soon tender two infrastruc NiehaUs has invited local de as we can Trade Richard Maries said in Bei raised from A$248 million ture projects - one for rail and velopers. including Kerry Proper jing last week that his govern (HK$1.8 billion) to A$1 billion. It one for road and tunnel - worth ties and Cheung Kong lnfrastruc- QUEENSLAND'S TIM NICHOLLS ment was willing to cede ground has also been demanding an end more than A$5.5 billion. 104 Media Report Treasurer’s visit to Indonesia Date of No Title of media article Press Reporter report Indonesia approves Qld Government's Jakarta trade office Melinda 1 www.abc.net.au ABC 31 July 2013 Howells Bringing the beef to Jakarta http://www.logisticscareer.com.au/news/qld- Logistics 2 bringing-the-beef-to-jakarta 1 August 2013 Career Boost for cattle industry with Jakarta office a boost for trade relations North West 3 1 August 2013 http://www.northweststar.com.au/ Star 105 Indonesia approves Qld Government's Jakarta trade office By Melinda Howells Updated Wed Jul 31, 2013 12:32pm AEST ABC.net.au Summary: approval for Queensland Government to open representative office in Jakarta. Office opening aims to promote Queensland beef industry and other sectors such as tourism and education. Commissioner is yet to be appointed. ------ The Indonesian Government has approved the Queensland Government's plans to reopen a trade office in Jakarta. The Government says the new office in Jakarta will promote Queensland beef. Indonesia recently agreed to increase Australia's live cattle import quota by 25,000. Queensland Treasurer Tim Nicholls says the office will happen by the end of the year, but a Commissioner has not been appointed yet. Speaking from Jakarta, Mr Nicholls says the office will promote Queensland beef in the ongoing negotiations about live cattle exports, as well as trade and investment opportunities in tourism and education. "We're seeking it across the board, not in any one particular area," he said. "We're seeking both opportunities for Queensland businesses in Indonesia - a rapidly growing market, but also opportunities for capital to come in to help us expand in various sectors of our economy as well." Mr Nicholls says the new Queensland office will not double up with existing federal diplomats and agencies. "When John McVeigh, the [Queensland] Minister for Agriculture came to Indonesia two months ago, and had some direct conversations, we were able to achieve some significant advantages for beef producers, including a bring forward of the quota to help our beef exporters," he said. "There's obviously value in having someone who knows the Queensland side of the story here promoting Queensland in Jakarta." 106 Bringing the beef to Jakarta 01 August 2013 http://www.logisticscareer.com.au/news/qld-bringing-the-beef-to-jakarta Share on facebookShare on linkedinShare on twitterShare on google_plusone_share Summary: article reports that Jakarta representative office is focused on promoting Queensland beef to Indonesia. Also comments on other opportunities in tourism and education. ------ The Queensland Government will set up a new trade office to spruik the state’s high- quality beef in Jakarta. The Indonesian Government has approved the plan to re-open the currently abandoned office after the country agreed to increase Australia's live cattle import quota by 25,000. A commissioner has not yet been appointed, but the plan is rolling ahead with projections that the office will open around the end of this year. Queensland Treasurer Tim Nicholls says it will promote Queensland beef in the ongoing negotiations about live cattle exports, as well as trade and investment opportunities in tourism and education. Beef exports were hastily banned in 2011 following television reports of animal welfare abuses at abattoirs in Indonesia, the industry has been slow to recover in the two years since the ban. Queensland Treasurer Tim Nicholls said: “When John McVeigh, the [Queensland] Minister for Agriculture came to Indonesia two months ago, and had some direct conversations, we were able to achieve some significant advantages for beef producers, including a bring forward of the quota to help our beef exporters... we're seeking it across the board, not in any one particular area... there's obviously value in having someone who knows the Queensland side of the story here promoting Queensland in Jakarta.” 107 Boost for cattle industry with Jakarta office a boost for trade relations August 1 2013 http://www.northweststar.com.au/ Summary: announcement of representative office in Jakarta. Purpose of office explained as for economic opportunities and further more to support the Queensland beef industry as done by Agriculture Minister John McVeigh on his recent trip to Jakarta. ------ QUEENSLAND'S newest Trade and Investment Office in Jakarta was officially approved by the state government on Tuesday, further opening up trade between Indonesia and the Sunshine State. Trade Minister Tim Nicholls made the announcement from Jakarta where he met with key Indonesian government and business representatives, describing the country as a vital trading partner for the state. Along with efforts to capitalise on Indonesia's rapid growing economy, Mr Nicholls said the establishment of the Trade and Investment Queensland (TIQ) office works hand in hand with Agriculture Minister John McVeigh's work to re-establish live exports for struggling Queensland graziers. Beef crisis steering committee chairman Barry Hughes said all these exercises would put Queensland in a much better place, albiet slowly. "These are the steps that have to be taken to instil the confidence and the trust that is so much required, and so relevant for this whole live export industry to get back on its feet," he said. "The work being done by John McVeigh and likes of the beef crisis committee and work we've done with the Indonesian Ambassador is part and parcel of rebuilding the bridges." 108 ATTACHMENT 3 – AUSTRALIAN MEDIA Refer to attached Summary 109 WED 28 AUGUST 2013 Mediaportal Report Council splashes cash on secondChina trip Albert & Logan News, Brisbane, General News, Heidi Braithwaite 11 Jul 2013 Page 5 - 151 words - ASR AUD 415 Photo: No - Type: News Item - Size: 81.54 cm² - QLD - Australia - ID: 202636052 LOGAN CITY Council will spend another $20,000 on a second trade and investment mission to China only two months after delegates returned from the last trip. Mayor Pam Parker and Deputy Mayor Russell Lutton’s $20,000, 14-day trip to China in April was aimed at attracting investment potential worth hundreds of millions of dollars to Logan. View print article 69,963 CIRCULATION Cr Smith and deputy CEO jet off for a trade mission with State’s treasurer Jimboomba Times, Jimboomba QLD, General News 17 Jul 2013 Page 10 - 416 words - ASR AUD 346 Photo: Yes - Type: News Item - Size: 216.10 cm² - QLD - Australia - ID: 204244660 LOGAN Councillor Luke Smith will jet off this Saturday as part of an asian trade mission being led by Qld Treasurer Tim Nicholls. Cr Smith, along with council’s deputy CEO of organisational services John Oberhardt, will travel to South Korea, China, Indonesia and Singapore. View print article 20,610 CIRCULATION Tim Nicholls to make Asian trade mission Brisbane Times, www.brisbanetimes.com.au 19 Jul 2013 7:51 AM 286 words - ASR AUD 54 - ID: 204209344 Treasurer Tim Nicholls will miss the LNP state conference this weekend, as he swaps estimates for kimchi as part of an Asian trade mission. Mr Nicholls, who also doubles as the minister for trade, will lead more than 30 business delegates on a mission... Read on source website 17,090 UNIQUE DAILY VISITORS 168 AV. STORY AUDIENCE On high road to China Cairns Post, Cairns QLD, General News, Daniel Strudwick 23 Jul 2013 Page 6 - 293 words - ASR AUD 911 Photo: Yes - Type: News Item - Size: 204.98 cm² - QLD - Australia - ID: 204708756 BIG ticket infrastructure projects for Cairns will be pitched to potential investors in Asia this week as civic officials join an exclusive trade mission for high-level talks in Hong Kong and China. Cairns Regional Council is one of only two local governments in Queensland invited on the small delegation, which is being led by Treasurer and Trade Minister Tim Nicholls. View print article 19,509 CIRCULATION COPYRIGHT This report and its contents are for the internal research use of Mediaportal subscribers only and may not be provided to any third party by any means for any purpose without the express permission of iSentia and/or the relevant copyright owner. For more information contact [email protected] DISCLAIMER iSentia uses multiple audience data sources for press, internet, TV and radio, including AGB Nielsen Media Research, Audit Bureau of Circulations, comScore, CSM Media Research, OzTAM, Nielsen, Research International and TNS. For general information purposes only. Any ASRs and audience figures are an estimate only and may be subject error or omission. iSentia makes no representations and, to the extent permitted by law, excludes all warranties in relation to the information contained in the report and is not liable for any losses, costs or expenses, resulting from any use or misuse of the report. QLD:Qld govt wants more skilled migrants AAP Newswire, Australia, National, AAP 25 Jul 2013 208 words - ASR N/A Photo: No - Type: AAP Newswire - National - Australia - ID: 205215954 EDS: Reissuing to amend details in par 3 explaining Tim Nicholls has spent a fortnight in Asia, and par 4, to change `issued' to `nominated'. BRISBANE, July 25 AAP - Queensland has seen a 40 per cent rise in the number of skilled-migrant nominations since April. View print article N/A CIRCULATION State aims to boost Korean racing links Queensland Country Life, Brisbane, General News 25 Jul 2013 Page 89 - 1246 words - ASR AUD 4,518 Photo: No - Type: News Item - Size: 581.09 cm² - QLD - Australia - ID: 205101118 QUEENSLAND Treasurer and Minister for Trade Tim Nicholls has visited Korea's peak horse racing agencies and associations to investigate expansion opportunities for Queensland's racing and construction businesses. View print article 30,216 CIRCULATION QUEENSLAND The Australian, Australia, Regional Changes Qld 26 Jul 2013 Page 2 - 87 words - ASR AUD 1,012 Photo: No - Type: News Item - Size: 50.09 cm² - National - Australia - ID: 205315207 QUEENSLAND has recorded a 40 per cent rise in the number of skilled-migrant nominations since April. And Treasurer Tim Nicholls is in southern China pushing for more business and skilled migrants to come View print article 119,490 CIRCULATION Regular Segment: State Politics with Cathy Border. ... 4BC, Brisbane, Breakfast , Kim Mothershaw and Mary Collier 30 Jul 2013 7:48 AM Duration: 3 mins 7 secs - ASR AUD 3,491 - QLD - Australia - ID: W00054035777 Regular Segment: State Politics with Cathy Border. Border says they are expecting the outcome of the Chesterman inquiry into the Qld Health payroll soon. She says it was last month that the Health Minister told Parliament the outcome of the KPMG review, which was that it would cost $1.25bn and would take seven years to fix the health payroll. Collier says she has a friend who works for IBM in Asia, and would like to come home to Australia, but there's no chance of getting a chance a job in Qld. Border says four percent of the workforce is still being overpaid each fortnight. Mothershaw says meanwhile, Campbell Newman is in New Zealand on a trade mission. Border says the six-day trip is sponsored by the New Zealand Govt. She says Jeff Seeney is now the Acting Premier, as well as the Acting Treasurer, with Tim Nicholls also on a trade mission overseas. Collier says John Key, New Zealand Prime Minister, is on the list of her favourite politicians, along with Malcolm Turnbull. Interviewees 32,000 ALL Cathy Border, Channel Ten 14,000 MALE 16+ 18,000 FEMALE 16+ Page 2 of 11 COPYRIGHT For the internal research use of Mediaportal subscribers only. Not to be provided to any third party for any purpose without the express permission of iSentia. For further information contact [email protected] News headlines:... 612 ABC Brisbane, Brisbane, Afternoons, Heather Stott 31 Jul 2013 2:31 PM Duration: 1 min 3 secs - ASR AUD 750 - QLD - Australia - ID: W00054056743 News headlines: - A new study has found that the Federal Government could save $215 million a year without affecting patient services if it cut the private health insurance rebate by 10%. The University of Melbourne research found that the 30% rebate is unsustainable in its current form, and will put significant pressure on government spending in the coming decades. - The state government is set to announce new flights between Queensland and Indonesia. State Treasurer Tim Nicholls is in Jakarta on a trade mission and says more flights will be a boost to the state's tourism industry. - A Fair Work Australia hearing between Cricket Australia and former Coach Mickey Arthur is resuming in Sydney today. The two parties failed to reach a settlement last wednesday despite almost six hours of talks. Also broadcast from the following 2 stations 25,700 ALL ABC Gold and Tweed Coasts (Gold Coast), ABC Sunshine and Cooloola Coasts (Sunshine Coast) 15,400 MALE 16+ 10,300 FEMALE 16+ Melinda Howell, ABC Correspondent, reports on state politics. Howell says Tim Nicholls, ... 612 ABC Brisbane, Brisbane, Drive, Tim Cox 31 Jul 2013 4:25 PM Duration: 1 min 53 secs - ASR AUD 693 - QLD - Australia - ID: W00054058142 Melinda Howell, ABC Correspondent, reports on state politics. Howell says Tim Nicholls, QLD Treasurer, has been on a trade mission to Asia and that he has announced that the Indonesian Government has given approval for the opening of a Queensland Trade Office in Jakarta. There was an Office there previously, and it is reopening after a review of Trade and Investment Queensland. Howell adds that QLD Premier Campbell Newman is on another trade mission in New Zealand, where he has signed an agreement on sharing ideas and resources on matters regarding health. Campbell is going to Christchurch tomorrow to talk about disaster recovery. 15,000 ALL 6,000 MALE 16+ 9,000 FEMALE 16+ Acacia Court upgrade and new build all part of plans Weekend Post, Cairns, General News 17 Aug 2013 Page 8 - 280 words - ASR AUD 572 Photo: No - Type: News Item - Size: 107.79 cm² - QLD - Australia - ID: 208767871 AN upgrade of the Acacia Court Hotel in Cairns as well as a hotel or apartments on vacant land next door are on the cards by its new owner Benny Wu and his business partners. His spokesman Owen Huang told The Weekend Post that a sale contract had been signed for the property and nearby vacant land. View print article 37,272 CIRCULATION Page 3 of 11 COPYRIGHT For the internal research use of Mediaportal subscribers only. Not to be provided to any third party for any purpose without the express permission of iSentia. For further information contact [email protected] Albert & Logan News, Brisbane Council splashes cash on second China trip NEXT MISSION Mayor Pam Parker and olls, would be taken by Beef, education, mi- Heidi Braithwaite Deputy Mayor Russell Lut- Governance and Finance gration and property sectors Governance, Finance and ton’s $20,000, 14-day trip to Committee Chairman Coun- would be targeted. Economic Development LOGAN CITY Council will China in April was aimed at cillor Luke Smith and would Councillor Don Petersen Committee Chairman spend another $20,000 on a attracting investment po- include meetings in Seoul, said while the cost of the trip 11 Jul 2013, by Heidi Braithwaite i S ENTIA Councillor Luke Smith says second trade and invest- tential worth hundreds of Guangzhou, Hong Kong, was significant, Logan need- =DEforeign investment was ~ment mission to China only cc:==a~millions of dollars to Logan. Jakarta and Singapore with ed to put more strings in its ·-= imperative to fund billions in two months after delegates The latest trip, lead by government and industry bow and make the most of infrastructure. returned from the last trip. State Treasurer Tim Nich- leaders. opportunities overseas. INFLUENCE · INFORM · INSIGHT Nine Is numbet"one General News, page 5 - 81.54 cm² Suburban - circulation 69,963 (---T---) Queensland •Government Copyright Agency Ltd (CAL) licensed copy ID 202636052 PAGE 1 of 1 back Council splashes cash on second China trip Heidi Braithwaite LOGAN CITY Council will tential worth hundreds of government and industry NEXT MISSION spend another $20,000 on a millions of dollars to Logan. leaders. second trade and invest- The latest trip, lead by Beef, education, mi- Governance, Finance and ment mission to China only State Treasurer Tim Nich- gration and property sectors Economic Development two months after delegates olls, would be taken by would be targeted. Committee Chairman returned from the last trip. Governance and Finance Councillor Don Petersen Councillor Luke Smith says Mayor Pam Parker and Committee Chairman Coun- said while the cost of the trip foreign investment was Deputy Mayor Russell Lut- cillor Luke Smith and would was significant, Logan need- imperative to fund billions in ton’s $20,000, 14-day trip to include meetings in Seoul, ed to put more strings in its infrastructure. China in April was aimed at Guangzhou, Hong Kong, bow and make the most of attracting investment po- Jakarta and Singapore with opportunities overseas. tential worth hundreds of government and industry Jimboomba Times, Jimboomba QLD i S ENTIA 17 Jul 2013 INFLUENCE · INFORM · INSIGHT General News, page 10 - 216.10 cm² Regional - circulation 20,610 (--W----) Queensland Government Copyright Agency Ltd (CAL) licensed copy ID 204244660 PAGE 1 of 1 back Cr Smith and deputy CEO jet off for a trade mission with State's treasurer LOGAN Councillor Luke Smith will jet off this Saturday as part of an asian trade mission being led by Qld Treas urer Tim Nicholls. Cr Smith, along with count:il's deputy CEO of organisational services John Ober hardt, will travel to South Korea, China, Indonesia and Singapore. At time of print, council was considering substituting a part of the trade mission for time in Malaysia. to follow up a few emerg ing leads. The focus of the trade mission is to iden tify trade and investment opportunities and draw overseas investors to Queensland, and if Cr Smith has his way - Logan. Cr Smith said it was a boon for Logan to have two representatives invited to attend the invitation only trip with Mr Nicholls. "The Queensland Treasurer can open far bigger doors than we could on our own and Cr Luke Smith. hopefully we can walk through some of He said private/public partnerships with those doors," he said. cashed up overseas investors had the poten The trip will cost council $20,000 and is tial to alleviate the infrastructure burden in keeping with Logan's Global Connec faced by Logan ratepayers. tions Strategy. which was funded in the "There will be some people who say that recent council budget. we should not be spending this money but It is the second time in recent months to that I say, show me the alternative. Pre that council has sent representatives over vious politicians were nervous to spend seas on a trade mission. money on trade missions, fearing voter backlash, but it's time to bite the bullet and However, Cr Smith said it was crucial for say 'let's give it a shot'," he said. Logan City to continue building its reputa tion beyond the city's boundaries and inter "We are certainly in the asian century nationally. and Chinese investors are desperate to He said Logan had been "well behind the spend their money, why can't we put our eight-ball" when it came to attracting over hand up and be in the race.'' seas investment, but now was the time to Cr Smith said he hoped the community get in the game. would get behind council and support it in He said on the back of revenue streams its bids to bring investment into the city. from State and Federal Governments dry "It (the cost - $20,000) seems like a lot ing up in recent years, Logan had to find but in a $755m budget it is a very small cost alternative ways to help fu nd the city's which has the potential to be of huge bene infrastructure needs. fit to the city," he said. Cairns Post, Cairns QLD On high road to China BIG ticket infrastructure projects for The council couldn’t say which with during the tour in April. This 23 Jul 2013, by Daniel Strudwick i S ENTIA Cairns will be pitched to potential projects it would be touting to poten- week’s talks involve far fewer del- investors in Asia this week as civic tial investors until the meetings had egates, allowing Cairns to cement its officials join an exclusive trade mis- DANIEL occurred, but Ms Reaston said she blossoming relationship with the sion for high-level talks in Hong STRUDWICK and Deputy Mayor Terry James Asian investment community and Kong and China. would take over private development make new in-roads. Cairns Regional Council is one of [email protected] proposals as well as council projects. ‘‘It’s a very unique opportunity for only two local governments in The week of meetings in Guang- us to reinforce the importance of Queensland invited on the small tive from Asian governments and the zhou and Hong Kong follows a simi- existing relationships but also an delegation, which is being led by private sector. lar roadshow in April, when Cr opportunity to forge new ones with o o Treasurer and Trade Minister Tim ‘‘It will be exceptionally high level, James and 40 other Queensland del- influential governments and com- INFLUENCE INFORM INSIGHT Nicholls. and that’s the benefit of joining a del- egates spruiked the state to internat- panies,’’ Ms Reaston said. The council’s general manager of egation led by the Treasurer – it ional investors. ‘‘It’s an opportunity to showcase to planning and environment, Kelly attracts a high level of interest from The Far North has already hosted a whole new market and invite them Opportunity: State Treasurer Tim Reaston, said the region would be high-ranking representatives,’’ Ms follow-up visits from promising to visit the region and invest in the Nicholls will lead a trade mission, including showcased to influential representa- Reaston said. investors that the council connected region.’’ Cairns Regional Council, to Cairns. Feeding General News, page 6 - 204.98 cm² Regional - circulation 19,509 (MTWTF--) Queensland Government __ .._____ --- • Copyright Agency Ltd (CAL) Q licensed copy ·- t..-- ID 204708756 PAGE 1 of 1 back On high road to China and that’s the benefit of joining a del- ‘‘It’s a very unique opportunity for egation led by the Treasurer – it us to reinforce the importance of attracts a high level of interest from existing relationships but also an DANIEL high-ranking representatives,’’ Ms opportunity to forge new ones with STRUDWICK Reaston said. influential governments and com- panies,’’ Ms Reaston said. The council couldn’t say which [email protected] ‘‘It’s an opportunity to showcase to projects it would be touting to poten- a whole new market and invite them tial investors until the meetings had to visit the region and invest in the BIG ticket infrastructure projects for occurred, but Ms Reaston said she region.’’ Cairns will be pitched to potential and Deputy Mayor Terry James investors in Asia this week as civic would take over private development officials join an exclusive trade mis- proposals as well as council projects. sion for high-level talks in Hong The week of meetings in Guang- Kong and China. zhou and Hong Kong follows a simi- Cairns Regional Council is one of lar roadshow in April, when Cr only two local governments in James and 40 other Queensland del- Queensland invited on the small egates spruiked the state to internat- delegation, which is being led by ional investors. Treasurer and Trade Minister Tim The Far North has already hosted Nicholls. follow-up visits from promising The council’s general manager of investors that the council connected planning and environment, Kelly Reaston, said the region would be with during the tour in April. This showcased to influential representa- week’s talks involve far fewer del- egates, allowing Cairns to cement its tive from Asian governments and the blossoming relationship with the Opportunity: State Treasurer Tim private sector. Asian investment community and Nicholls will lead a trade mission, including ‘‘It will be exceptionally high level, make new in-roads. Cairns Regional Council, to Cairns. and that’s the benefit of joining a del- ‘‘It’s a very unique opportunity for Feeding AAP Newswire, Australia i S ENTIA 25 Jul 2013, by AAP INFLUENCE · INFORM · INSIGHT National National - 208 words Queensland •Government ©AAP, All Rights Reserved. ID 205215954 PAGE 1 of 1 back QLD:Qld govt wants more skilled migrants EDS: Reissuing to amend details in par 3 explaining Tim Nicholls has spent a fortnight in Asia, and par 4, to change `issued' to `nominated'. BRISBANE, July 25 AAP - Queensland has seen a 40 per cent rise in the number of skilled-migrant nominations since April. And Treasurer Tim Nicholls is in southern China pushing for more business and skilled migrants to come. Mr Nicholls has been in Guangdong, as part of a fortnight-long trade mission through Asia, spruiking his state's new criteria for skilled and business migrants, which he says reduces hurdles for aspirant migrants. He says Queensland has also nominated the second ever significant investment visa (SIV) in Australia. "These changes are already making an impact, with an increase of 40.8 per cent in the number of skilled-migrant nominations since April," Mr Nicholls said in a statement on Thursday. "Just last week a Chinese company received approval under the SIV program to invest in a $180 million housing estate. "Last financial year, we saw an estimated $4.6 billion in foreign direct investment from China, a significant increase on previous years." The treasurer also planned on Thursday to re-sign an existing friendship state agreement with officials from Guangdong Province. Guangdong's economy is worth about $914 billion, about four times the size of Queensland. AAP mjs/peb/km/saj/km Content Supplied by Australian Associated Press ap © AAP, All Rights Reserved. See disclaimer at http://aap.com.au/disclaimer.asp Queensland Country Life, Brisbane i S ENTIA 25 Jul 2013 INFLUENCE · INFORM · INSIGHT General News, page 89 - 581.09 cm² Rural - circulation 30,216 (---T---) Queensland •Government Copyright Agency Ltd (CAL) licensed copy ID 205101118 PAGE 1 of 2 back State aims to boost Korean racing links DGWN THESU.A IGHT PHIIlliP BAlE QUEENSLAND Treasurer and Minister for executives of the Seoul Racehorse Owners Most mornings I enjoy an early morning Trade Tim Nicholls has visited Korea's peak Association to encourage their continued walk (with our basset hound Humphrey) horse racing agencies and associations purchase of Queensland horses at the and a cup of coffee at Honour Expresso at to investigate expansion opportunities world-class Magic Millions sales events. Graceville with a group of men dubbed the for Queensland's racing and construction "The Newman government is highly Dis-Graceville Greys. businesses. committed to Queensland's racing industry. The coffee shop is also well patronised by Korea is the first stop on Mr Nicholls' second Nurturing these important overseas cyclists, including local bike shop owner trade mission since being elected. Between relationships will continue to open doors for David Clarke. July 21 and August 3, he will also travel to our breeders and trainers, not only in Korea, David is also a keen racing enthusiast and China, Hong Kong, Indonesia and Singapore but right across Asia. co-owner of Rudy, a 2yo gelding by Eureka with a group of Queensland industry Events like Magic Millions also stimulate Stud's Group 1 winner Red Dazzler from representatives to strengthen diplomatic ties tourism and retail sectors of our economy," winning Success Express (US) mare Go On encourage investment and forge new trade he said. Now Go. With Rudy an easy winner at his partnerships. previous start at the Gold Coast for trainer Mr Nicholls said Queensland's racing Queensland quintet Helen Page, David was happy to let me know industry was world-renowned for its quality QUEENSLAND- bred horses dominated the that he was entered for Eagle Farm - with the of breeding and racing bloodstock, as well Eagle Farm program on Saturday, July 20, added note of caution that he was stepping as its quality horse training skills which had winning five of the nine races. up from 1200m to 1600m. been passed from generation to generation. It began with a Queensland-bred trifecta in Alas, I had a prior commitment working at "The Korea Racing Authority (KRA) is a the 1600m OTIS 2YO Handicap which was our local St David's Church fete, but I'm sure regular at the annual Magic Millions horse won by 2YO gelding Rudy (by Red Dazzler) David will be keen to relive the moment over sales on the Gold Coast and a frequent buyer trained by Helen Page, with Outback Prince a future cup of coffee. of Queensland bloodstock," he said. progeny Outstrip and Outback Lightning David and his brothers Tom and Don also "Queensland has an excellent relationship running second and third respectively. raced Rudy's older half-sister Dorchester with the KRA, which has resulted in many The 1400m No Metro Wins Handicap was by Hotel Grand which had 17 starts for Korean trainers and jockeys coming to won by SYO gelding Domini, trained by Pat three wins and seven placings before she Queensland to gain first-hand experience of Duff, to further increase Show a Heart's lead unfortunately had to be put down after a our home-grown racing skills. in this year's race for Champion Stallion, training accident "This September, the Queensland Racing while Ferocity's 4YO stallion Tomcat won David was also involved the ownership of Go Equine Academy will host 10 students from a 1000m No Metro Wins Handicap for On Go Now, a mare raced in partnership with the Korea Horsemen High School for a three Toowoomba trainer Mark Webb. Chinchilla racing stalwarts Don Hart, Ken month training exchange. Lady Echelon, by Top Echelon, won the Walksi and David Gleeson after Don Hart These students will study English, basic 1600m 3YO OTIS Handicap for Sunshine bought her at a Magic Millions tried horse track riding and learn from our expert Racing Coast trainer Natalie McCall and Clang sale at the Gold Coast. Queensland trainer. rounded out Queensland's brilliant day when With seven wins and five placings to her "The Korea Racing Authority is also in 3YO gelding Silver River won the second 3YO credit at the end of her racing career, David the process of upgrading its facilities in OTIS Handicap for Beaudesert trainer Charlie thought she would make a good brood mare Yeongcheon City. Given Queensland's Weston. and convinced his brothers to go in partner considerable expertise and international ship with him and buy the mare. reputation in stadium design and Rudy's 'fickle finger of fete' So far, she has had four progeny to race for construction, Queensland companies are in IT was the "fickle finger of fete" that two winners, Rudy and Dorchester, while 3yo a prime position to contribute to its develop prevented me from attending Eagle Farm on daughter Never Give An Inch (Refuse to Bend) ment," he said Saturday, July 20 to watch 2YO gelding Rudy has had three unplaced starts for Bendigo The Treasurer also met the president and win the OTIS 2yo Hidden Dragon Handicap based trainer Shaun Dwyer. (1600m). Queensland Country Life, Brisbane i S ENTIA 25 Jul 2013 INFLUENCE · INFORM · INSIGHT General News, page 89 - 581.09 cm² Rural - circulation 30,216 (---T---) Queensland •Government Copyright Agency Ltd (CAL) licensed copy ID 205101118 PAGE 2 of 2 back Raheeb for Wattle Brae son Dan Ballard, which beatTatyoon (G6 Sea Siren delivered her first win for new Testa Rossa/Muzak (NZ) by one length in the WATTLE Brae Stud proprietor Gary owners Cool more when successful in the 1350m outback feature with Lagason (G6 Turkington has pulled-off one of the coups Listed Belgrave Stakes at Fairyhouse in La go Delight/Preps) a further two lengths Ireland on July 14. of the 2013 Queensland breeding season by away in third place. This was her second European start adding Raheeb to his establishment's stallion By Sequalo from the winning Canny Lad roster. A $90,000 yearling consigned by following an eighth place behind Lethal Force mare Born A Star, Stellar Show was originally Vinery Stud at the 2005 Magic Millions Gold in the Group 1 Diamond Jubilee Stakes sold at the 2007 Magic Millions yearling sale during the Royal Ascot carnival last month Coast Sale, Raheeb was raced by Patinack at the Gold Coast for S165, 000 to Kevin and her final run for Sydney trainer John O'Shea. Farm before being retired to its Hunter Tanith O'Brien's Lauriston stable. Based at By Fastnet Rock from the Success Express Valley headquarters in 2010. Last season Ron Maund's Toowoomba stables, Stellar Patinack Farm stood the chestnut entire at its (USA) mare Express A Smile, Success Show recorded two wins at Toowoomba Queensland base and the reception breeders Express was a three-times Group 1 winner before being on-sold through a Magic in Australia during 2012 including the BTC in the state gave Raheeb persuaded the Millions tried horse sale in August 2009 for Cup and Doomben Ten Thousand as 3YO filly operation's management team to look for a S13,000 to the Ballard stable. He has now long-term option, with Patinack Farm stud during the Brisbane winter racing carnival. raced 61 times for 12 wins and 23 placings manager Ben Lawrence explaining: "There Bred and raced by Western Australian-based to earn more than $131 ,000. was a lot of interest from farms wishing to Keith Biggs, Sea Siren was foaled and Apart from the mother/son combination win raised at Cool more Stud, so it was a natural stand this stallion, but Wattle Brae Stud stood ning the Julia Creek Cup, Denise's husband progression that Cool more paid a reported out among the contenders. "Gary and his team have an excellent Keith Ballard also was successful winning S2 million for the mare in a private sale in reputation in the industry and a proven track the Class Three Handicap aboard Month May negotiated by bloodstock agent James record of standing stallions. Queensland Of Sundays. Keith Ballard, who celebrates Bester. breeders have really taken to Raheeb and we his 60th birthday next week, is one of Cool more general manager Michael Kirwan look forward to a successful association with Queensland's legendary country jockeys. said the US Breeders' Cup meeting at Santa Wattle Brae." "Keith keeps a record of all his wins and Anita in November was now the primary Favourite for the Group 1 Toorak Handicap he's now ridden 1592 winners. Everything target for the mare and nominated the Group in 2009 where he finished a close fourth, that happens he keeps a record of," Denise I Prix Maurice De Gheest (1300m) in three Raheeb is by noted sire generator Royal Ballard said. weeks at Deauville in France as her most Academy from the Marauding (NZ) mare Licensed in some capacity in racing since Iikely next start. Gatana. A dual Listed winner at Flemington, she was 15, Denise Ballard, 55, has trained Cool more trainer Aid en O'Brien has a Gatana has produced two stakes winners seriously in her own right for only the past brilliant record with ex-Australian-based in Raheeb and his full sister Piccadilly three years. gallopers such So You Think, Haradasun and Circus- now acclaimed internationally as "I started off as a strapper when I was 15 Starspangledbanner all gaining Group 1 glory the dam of reigning Australian champion sire and then became a jockey before weight in Europe. Fastnet Rock. Winner of four races including problems got to me," she said. the Group 3 Cameron Handicap winner at "I've won quite a few country Cups in the Caulfield Guineas quest Newcastle, Raheeb has covered 248 mares north-west region as an owner-trainer MELBOURNE colt Longma is on the threshold since entering stud duties, and will stand his but I'm yet to win the Mt Isa Cup in my of a breakout season after an eight lengths first season at Wattle Brae for $7700. hometown. victory at Werribee, Victoria, on Wednesday, Labelling Raheeb as exceptional value, "I have run second in it twice and until now July 17. Wattle Brae stud master Gary Turkington I can't recall ever winning the Julia Creek Longma (C2 Sebring/Yes She Can Cancan) said many aspects of his stallion profile that Cup." is heading to the Group 1 Caulfield Guineas established him as exceptional value. Dan Ballard, 28, began his riding career in October and that's good news for Raheen "His race record stands-up against any other as an apprentice with former leading Gold Stud stud master Basil Nolan who owns his stallion in the same bracket He's by a sire Coast trainer Alan Bailey. "Dan won two older half-sister La Goulue now established as a sire-of-sires. He is apprentice titles when he was with Alan (Danehill Dancer). very closely-related to the most commercial Bailey before he moved back to the country A black-type winner in Adelaide, her stallion standing in this part of the world and rode at Rockhampton for a while," Sebring colt made $180,000 as part of the and he is widely regarded as one of the best Denise said. Raheen draft at this year's Gold Coast specimens of a Thoroughbred you are ever While the Ballard family was in high spirits Magic Millions. Peter Moody was the buyer. likely to 'clap eyes on'. Raheeb provides following their successful Julia Creek Cup Longma is by Widden Stud's instant success another dimension to our stallion roster day, Stellar Show's victory failed to eclipse Sebring and his dam Yes She Can Cancan that already has plenty to offer brood mare one of her best memories in racing. has already foaled Group 1 winners in South owners," he said "I won the Boulia Cup a few years ago and Africa and Australia- Gimmethegreenlight trained every winner on the five race card," (SAf Queen's Plate) and Ofcourseican Ballard family dominates she said. (Coolmore Classic) respectively. THE Ballard family of Mt Isa celebrated Perth owner Craig Thompson bought the another big day out at the Julia Creek Cup Sea Siren's US target colt after he failed to reach a $150,000 meeting on Saturday, July 20. THREE-TIME Australian Group 1-winning reserve at the 2011 Inglis Easter Foal Sale. Racing Queensland web news reports trainer mare Sea Siren could head to the US for a Nolan also owns Yes She Can Cancan's Denise Ballard claimed another country start at the rich Breeders' Cup meeting later half-sister Stepping (Dodge). Cup with rising 8YO Stellar Show, ridden by this year. The Australian, Australia i S ENTIA 26 Jul 2013 INFLUENCE · INFORM · INSIGHT Regional Changes Qld, page 2 - 50.09 cm² National - circulation 119,490 (MTWTF) Queensland •Government Copyright Agency Ltd (CAL) licensed copy ID 205315207 PAGE 1 of 1 Ill back State in push for skilled migmnt~o~ QUEENSLAND has recorded a 40 per cent rise in the number of skilled-migrant nominations since April. And Treasurer Tim Nicholls is in southern China pushing for more business and skilled migrants to come. Mr Nicholls has been in Guangdong as part of a fortnight-long trade mission through Asia, spruiking his state's new criteria for skilled and business migrants, which he says reduces hurdles for aspirant migrants. He says Queensland has also nominated the second ever significant investment visa (SIV) in Australia. Weekend Post, Cairns i S ENTIA 17 Aug 2013 INFLUENCE · INFORM · INSIGHT General News, page 8 - 107.79 cm² Regional - circulation 37,272 (-----S-) Queensland •Government Copyright Agency Ltd (CAL) licensed copy ID 208767871 PAGE 1 of 1 back Acacia Court upgrade and new build all part of plans i\.'\ upgrade of the Acacia Court Hotel "It's 3.5 si.c'lr but we want to upgrade in Cairns as well as a hotel or apart· to 4-4.5 star but at the moment it is too ments on vacant land next door arc on busy," lVIr Huang said. the cards by its new owner Henny Wu He said it was the intention to build and his business partners. another hotel or apartments on the His spokesman Owen Huang told vacant land. The Weekend Post that a sale contract Tourism Minister Jann Stuckey said had been signed for the property and lVIr Wu's investment was another sign nearby vacant land. of international confidence in the He would not disclose the price state's tourism industry. but the original asking figure was "Queensland is increasingly on $20 million. China's radar as a major visitor desti The Hong Kong-based mulli· nation and Dr Wu's investment in the millionaire also owns Double Island slate will provide more of the needed resort and is planning other acqui visitor facilities," she said. sitions in the Far North. "This is fantastic news for Queens lVIr Huang said the 150-room hotel land and a major boost to our tourism would continue to operate as usual. industry." "ll's full, it's 100 per cent occupancy. Treasurer and Minister for Trade It's peak tourism season," lVIr Huang Tim Nicholls said Dr Wu was optimis said. tic about the potential in Queensland. He said the lobby would be refur "I had the opportunity to discuss the bished soon. many opportunities for investment in He said architects would be Queensland's tourism sector with Dr appointed to look at an overall upgrade Wu while in Hong Kong on a trade at a later stage. mission last month." he said.