Office of the Coordinator-General Office of the Coordinator-General 2 Message from the Premier 4 Tasmania’s winning advantages 10 Cost competitive 12 Taxation 13 Total labour costs 14 Lowest labour costs 14 Labour stability and industrial disputation 16 Commercial property rental 17 Land costs CONTENTS 18 Investment essentials 20 Workforce 22 Water 24 Infrastructure 26 Brand advantages 28 Minimal climate change impact 29 Disease freedom 29 Reduced exposure to natural disasters 30 Lifestyle 32 State of opportunity 34 Food and agriculture 36 Tourism 38 International education 40 Digital services and information technology 42 Advanced manufacturing 44 Mining and mineral processing 46 Forestry 48 Antarctic and Southern Ocean 49 Science research 50 Planning reform 52 Coordinator-General MESSAGE FROM THE PREMIER

2 There has never been a better time to invest in Tasmania. • a rich mining history in one of the most highly and diversely mineralised places on the planet We are open for business and we are ready to support investors with projects that create jobs and grow our economy. • an electricity supply with approximately 90 per cent of our power coming from renewable sources, providing electricity The Tasmanian Government is committed to building on the users with market advantages in a world increasingly state’s competitive strengths including agriculture, aquaculture, focused on sustainability mining, forestry, tourism and energy. • internationally recognised attributes of quality and Tasmania’s assets in these sectors are abundant, providing sustainability opportunities to invest in either new developments or in • a thriving science and research sector, and attractiveness as existing and approved projects. a test-bed location We are making it easier for investors to choose Tasmania by • our unmatched position as a key strategic Antarctic gateway reforming our planning system, cutting red and green tape, and critical hub for Antarctic logistics, science and research and funding key infrastructure projects. • our liveability is a drawcard for people who want to live, By investing in Tasmania you are embracing a worldwide work, study and visit here reputation for quality. Investors benefit from a number • support from the Tasmanian Government’s investment of local attributes including: facilitation unit, the Office of the Coordinator-General, which can help investors identify opportunities, assist • a thriving tourism sector based around our natural and with site selection and infrastructure needs, and to heritage assets navigate approval processes. • a plan to transform Tasmanian agriculture based on our These are just some of the ways your businesses could reliable water resources and large-scale irrigation expansion benefit from being located in Tasmania, one of the best places • our international reputation for producing safe, high-quality in the world to pursue your business and investment goals. food that is increasingly in demand from consumers Now is the time to choose Tasmania as a place to invest, • strong biosecurity and relative freedom from agricultural with government and local industry support and expertise pests and diseases ready to help. I look forward to seeing your business flourish in Tasmania.

Will Hodgman Premier of Tasmania

3 TASMANIA’S WINNING ADVANTAGES

4 Tasmania is a resourceful and resource-rich economy with a reputation for quality. Its compelling brand, infrastructure, lifestyle, environmental credentials and competitive cost base combine to make Tasmania an outstanding location for investment.

5 Tasmania’s Winning Advantages

The Australian state of Tasmania offers and the Museum of Old and New Art for Antarctic living, underground political and economic stability, low (MONA) in Hobart and the Queen mining techniques and the composite establishment and operating costs, Victoria Museum in Launceston. beam method for the construction of a skilled and educated labour force, road bridges. The Menzies Research Tasmania also hosts an impressive modern infrastructure and outstanding Institute is internationally recognised program of festivals and events which natural resources. for its advances in epidemiological and celebrate both local and international population health studies, including And yet there is more. Commuting talent. Noteworthy examples include discovering one of the main causes of distances are short, traffic jams almost MONA FOMA and Dark MOFO, the sudden infant death syndrome. non-existent, recreational options are Festival of Voices, Taste of Tasmania, varied and the living costs are low. All Festivale and the Wooden Boat Festival. Tasmanians have also been responsible this underpins a work-life balance that for technological innovations and Inspiring scenery and the need to look supports productivity and stability in scientific advances that have underpinned beyond it for economic survival the workplace. the development of whole industries. have created a culture of innovation. These include aquaculture, essential oils Then there is the creativity factor. Tasmanians have been responsible production, lightning protection systems, Tasmania offers a diverse range of arts for a diverse range of innovations, rapidly deployable life raft systems and and cultural experiences. The state is inventions and scientific advances. the manufacture of optical munitions, home to a thriving community of artists, These include a process for making underground mining equipment and large designers, makers and performers whose newsprint commercially from high-speed wave-piercing passenger ships. works can be found in the state’s many hardwoods, the humidicrib, a substantial art galleries and venues. World-class improvement to the zinc electrolysis exhibitions can be seen year-round at process, a portable collapsible cabin the Tasmanian Museum and Art Gallery

6 BRAND IMPRESSIVE ADVANTAGES INFRASTRUCTURE

TASMANIA’S COMPETITIVE • the Tasmanian brand is internationally • quick and convenient access to ADVANTAGES CAN BE synonymous with excellence and the Australian mainland centres – SUMMARISED AS: state is well regarded for its ability to there are several hundred flights produce high quality products that between Tasmania and mainland meet exacting consumer standards. Australia each week Key advantages are its: • renewable energy sources that are • diverse tourism and cultural activities, safe and reliable, providing up to based around spectacular natural 90 per cent of the state’s electricity wilderness, rich cultural history and • short distances to access markets or gourmet food and wine experiences ports. In most instances Tasmanian • temperate maritime climate with fertile producers are located less than soils, abundant water resources, and 100 kilometres from their farm or a biosecurity advantages factory to port, providing fast access • food production which benefits to distribution channels from relative disease-freedom, and • freight-only rail network and frequent a moratorium on the production of shipping services from Tasmania’s GM crops and regularly gains access four major ports in Hobart, Bell Bay, into restricted markets Devonport and Burnie. Air freighted • unique status as an Antarctic gateway produce can arrive at overseas and hub of scientific expertise markets within 48 hours of dispatch. due to its combination of expert polar businesses and infrastructure servicing Antarctic expeditions.

7 Tasmania’s Winning Advantages

AGRICULTURAL LEADING LABOUR FORCE ADVANTAGES EDUCATION ADVANTAGES FACILITIES

• an abundant water supply – 13 per • the University of Tasmania (UTAS) • a highly skilled and available workforce cent of Australia’s total annual run-off is one of Australia’s oldest sandstone • a stable workforce – Australia’s second for one per cent of Australia’s total universities highest labour retention rate and best land area • UTAS is consistently ranked in the top industrial relations record • water for irrigation – ground-breaking 10 universities in Australia for research • Hobart has one of the highest ratios irrigation development projects that • UTAS is currently ranked as five-star of scientists per capita of any city will provide water surety for key (out of five) for undergraduate student in Australia. agricultural areas to staff ratios, student retention and • relative freedom from pests, diseases postgraduate entry flexibility by the and weeds, allowing access to 2014 edition of the Good Universities restricted markets Guide. UTAS is ranked as four-star • a temperate and very stable climate – for student demand, research grants, with relatively benign climate change research intensity, entry flexibility, forecasts and teaching quality. • a new state wide sensor network, Sensing Tasmania (Sense T) which will integrate a range of data sources and help boost farm productivity.

8 A STABLE AND COST LIFESTYLE THRIVING ADVANTAGES BUSINESS CLIMATE

• Australia’s lowest level of net • one of the lowest taxation ratios in • one of the best standards of living in government debt per person Australia the world across all states • lowest full-time earnings in Australia • a low cost of living and the most • consistently sound fiscal management, • Australia’s lowest commercial affordable housing of any capital city reflected in credit ratings awarded accommodation costs in Australia by Moody’s Investors Service and • some of the most affordable land • Hobart has the shortest commuting Standard & Poor’s in Australia time of any capital city in Australia • Organisation for Economic • a Tasmanian Freight Equalisation • one of the safest states in the world, Co-operation and Development Scheme providing financial assistance for both people and property (OECD) 2012 projections to 2050 to shippers of eligible freight destined • a stunning natural environment give Australia the third highest for Australian markets growth rate in the developed world • some of the world’s cleanest air and and Tasmania shares in the political, • lower risk of extreme weather events drinking water regulatory and legal stability that such as heat waves and hail storms. • a sought-after temperate maritime underpins this. climate, with four distinct seasons.

9 COST COMPETITIVE

10 Tasmania is one of Australia’s most affordable places to establish or expand a business. In Tasmania, the bottom line is strengthened by low property and labour costs. Tasmania also has one of the most stable workforces in the nation, allowing businesses to benefit from the returns on their investment in staff.

Tasmania can also boast: • one of the lowest taxation ratios in Australia. • the second lowest total cost of employing workers in Australia • an extremely stable workforce • Australia’s lowest office rental costs • low land costs • the lowest industrial disputation rate in Australia.

11 Cost Competitive

TAXATION

Taxation severity, 2010–11

The Commonwealth Grants Commission 115 (CGC) provides an independent measure of taxation effort across jurisdictions. 110 Its assessed revenue raising effort ratio 105 for states is an assessment of how hard a state is working its revenue base relative 100 to the notional national average policy, as determined by the CGC. 95 In every year since 2000-01, Tasmania’s 90 taxation ratio has been assessed as being amongst the lowest three jurisdictions. 85 Indeed, Tasmania is one of only two jurisdictions that have been assessed as 80 having a ratio below the national average in every year since 2000-01. 75 TAS ACT NSW NT QLD SA VIC WA The components of state taxation revenue include payroll tax, taxes on property, taxes Taxation Severity on the provision of goods and services and taxes on the use of goods and services. Source: Commonwealth Grants Commission – Report on GST Revenue Sharing Relativities – 2012

12 TOTAL LABOUR COSTS

Total labour costs, by employee (AUD$)

Tasmania has the second-lowest TAS 35 611 total labour costs in Australia. 50 279 Total labour costs incorporate all ACT 46,276 the unavoidable employee-related 66 646 costs that an employer faces NSW 46 078 including wages, payroll tax, fringe 55 172 benefits tax, superannuation and NT 40 834 56 030 workers’ compensation premiums. QLD 38 339 48 246

SA 39 552 51 197

VIC 42 992 52 963 40 577 WA 54 688 0 $10 000 $20 000 $30 000 $40 000 $50 000 $60 000 $70 000

2002–03 2010–11

Source: Australian Bureau of Statistics, Labour Costs, Catalogue No. 6348.0. 2010–11

13 Cost Competitive

LOWEST In 2013, Tasmanian full-time adult ordinary time earnings LABOUR (AWOTE) were the lowest COSTS of all states and territories.

Generally, Tasmania does not Recruitment specialists have experience the same level of found remuneration levels pressure on remuneration to lie between 10 and 20 levels as experienced in per cent below those of Australia’s larger cities. interstate cities.

LABOUR Tasmania performs particularly well in labour retention and STABILITY industrial disputation statistics, AND with the best industrial relations record of all states INDUSTRIAL and territories and the second DISPUTATION highest labour retention rates.

Working days lost per 1000 employees

TAS ACT NSW NT QLD SA VIC WA

MAR 2013 1.0 0.0 1.3 0.0 2.6 0.1 14.9 2.7 JUN 2013 1.8 0.3 2.0 0.0 2.7 NA 2.3 NA SEPT 2013 0.1 0.2 1.6 0.4 0.6 0.2 4.3 4.3

DEC 2013 0.2 2.6 5.6 15.2 3.2 1.5 2.7 0.3

Source: Australian Bureau of Statistics, Catalogue No. NA indicates where the ABS has not released data due to 6321.0.55.001, Industrial Disputes, Australia, December 2013 confidentiality restrictions.

14 15 Cost Competitive

Hobart has the most affordable A-grade Commercial properties for lease in Australia. The following table provides the gross rent per square metre Property Rental per year in all Australian states and territories.

Australian Office Market Rents A-Grade

$900 895

$750 832 725 $600 737.5 668 687.5

$450 550 500 461 443 462.5

$300 428.5 350 350

$150

$0 Hobart* Adelaide** Brisbane Canberra Melbourne Perth Sydney**

2012 2014

Source: Colliers Jardine, 2012 and 2014 *In absence of data from Colliers Jardine, Hobart rental costs provided by Knight Frank **Based on A-grade rents in core CBD precinct

16 Land is also more affordable in Tasmania. LAND A comparison of residential land values between Australian capital cities, shows that Hobart’s land COSTS is more affordable than any other capital city.

Residential Land Values (Price per square metre) – Capital Cities

$600 600

$500 572 512 484 $400 482 412 $300

$200 216 214 206 202 $100 180 71 $0 Hobart Adelaide Brisbane Melbourne Perth Sydney

December 2003 December 2013

Source: HIA-RP Data Residential Land Report, December 2013 Quarter, RP Data

17 INVESTMENT ESSENTIALS

18 Tasmania has well-developed transport systems, clean, reliable sources of renewable energy and an effective network of industry support. There are many daily flights carrying freight and passengers from four airports in Hobart, Launceston, Devonport and Burnie. This is supported by an excellent network of roads, a freight-only rail system and four key ports in Hobart, Bell Bay, Devonport and Burnie.

Power, supplied by state wide hydro, wind and gas generated electricity, has never been interrupted by industrial action. Quality real estate, suitable for industrial development, is abundant and less costly than in many other parts of Australia. Investors in Tasmania have the support of government expertise in both industry requirements and approval processes. Project teams are appointed to deal directly with proponents and to liaise on their behalf across government agencies.

19 Investment Essentials

Australia’s workforce is one of the most highly skilled in the world and is constantly replenished by an immigration policy that is in sync with the needs of industry and by an internationally acclaimed tertiary education sector.

According to the most recent The workforce is extremely stable, WORKFORCE OECD world education ranking demonstrated by data showing report, Australian’s education Tasmania has the highest staff system is one of the world’s most retention rates and lowest industrial effective. In 2013, the Universitas disputation rates in Australia. The 21 assessment of higher education quality and affordability of life in systems ranked Australia as eighth Tasmania is an enticement for people in the world. The Universitas 21 to relocate to the state. data showed that Australia performs The Tasmanian workforce is particularly well in the ‘connectivity’ underpinned by an education and category, ranking second only to training system which works with Switzerland. industry to ensure that industry In Tasmania, the workforce is training needs are met. Hobart regarded as highly adaptable to has one of the highest number of demand, with a rich culture of scientists per capita of any city in creativity and innovation. Australia. In fact, Tasmania hosts 65 per cent of all Australia’s Antarctic and Southern Oceans research scientists.

20 THE UNIVERSITY OF TASMANIA (UTAS) Similarly, Australia’s Good Universities Guide ranked the University of Tasmania as five-star (out of five) for undergraduate student UTAS is one of the oldest universities in Australia and has to staff ratios, student retention and postgraduate entry been consistently ranked in the top 10 universities in Australia flexibility by the 2014 edition of the Good Universities Guide. for research. It has strong links with 20 specialist research UTAS is ranked as four-star for student demand, research institutes, cooperative research centres and faculty based grants, research intensity, entry flexibility, and teaching quality. research centres, many of which are regarded as nationally and internationally competitive leaders. The university occupies campuses in the state’s three major cities – Hobart, Launceston and Burnie. UTAS has a student population The 2013 Shanghai Jiao Tong University’s Academic Ranking of nearly 26 000 including 5 000 international students of World Universities ranked UTAS equal 10th nationally. (offshore and onshore) and over 5 400 post-graduate students. In 2013, the Australian Research Council (ARC) released Australian university research ratings from Excellence in UTAS is known for its distinctive programs and strong Research for Australia (ERA). Research from the University capabilities in the areas of science, engineering and technology, of Tasmania was rated highly in a broad range of disciplines. maritime studies, Antarctic and marine sciences, business, law, In this assessment by distinguished Australian and international education, humanities and social sciences, creative arts, and researchers, UTAS was awarded: health sciences and medical research. • A rating of five for analytical chemistry, oceanography, geology, ecology, evolutionary biology, plant biology, AUSTRALIAN MARITIME COLLEGE (AMC) agriculture, land and farm management, forestry sciences The AMC is Australia’s national centre for maritime education, and clinical sciences. A rating of five is the highest possible training and research. It was one of the seven founding rating in ERA and was awarded for outstanding performance members, representing the five continents of the world, of well above world standard presented by the indicators the International Association of Maritime Universities (IAMU). which were used for evaluation. State-of-the-art facilities, a strong relationship with industry • A rating of four for astronomical and space sciences, and hands-on training by professionals keep AMC graduates organic chemistry, environmental science and management, in demand around the world. fisheries science, horticultural production, law, journalism and professional writing and historical studies. A rating of four was awarded where research performance was judged to VOCATIONAL EDUCATION AND TRAINING (VET) be above world standard. VET provides people with the skills and knowledge needed • A rating of three in a range of disciplines, including applied for jobs in particular industries. These include construction, mathematics, inorganic chemistry, physical geography and trades, hospitality, agriculture and aquaculture, furniture design environmental geoscience, zoology, crop and pasture and manufacturing, heritage building skills, community services, production, food sciences, maritime engineering, human recreation, administration and IT. Often these skills are gained movement and sports science, neurosciences, pharmacology through a training organisation as well as in the workplace. and pharmaceutical sciences, specialist studies in education, VET is a national system and therefore a VET qualification gained criminology, human geography, policy and administration, in Tasmania is recognised throughout Australia by employers and political sciences, sociology, visual arts and crafts, cultural VET providers. studies, literary studies and philosophy. A rating of three was awarded for research performance at world standard. There are around 90 VET registered training organisations in Tasmania.

21 Investment Essentials

Tasmania’s most significant natural In addition, the Tasmanian and Australian WATER resource advantage is water. The state Governments are co-investing with has nearly 13 per cent of Australia’s industry to establish a number of total water resource, although it large-scale irrigation development comprises only one per cent of the projects. Around $230 million has been Australian land mass. Tasmania’s committed by governments to deliver average annual water run-off is almost water with a reliability of at least twice that of the Murray Darling Basin 95 per cent to agricultural areas. in south eastern Australia which means The ability to provide water with such a that it does not have the supply issues high level of certainty makes Tasmania a experienced in mainland Australia. highly attractive location for sustainable and profitable agricultural pursuits.

22 23 Investment Essentials

INFRASTRUCTURE

Highly functional infrastructure is a key driver of Tasmania’s economic competitiveness. A program of continual investment in world-class infrastructure to support industry growth is a key government focus. Tasmania offers infrastructure that will support growth and guarantee the smooth operation of any business.

TELECOMMUNICATIONS CLEAN AND INFRASTRUCTURE RENEWABLE ENERGY Tasmania currently has three fibre Tasmania is a great place to reduce Although reliable, Tasmania’s optic cables to the Australian your carbon footprint. Tasmania is energy supply is safeguarded mainland. Two are owned by Telstra well established as a clean energy through connections across and one by Cityspring (network producer through hydro-electric Bass Strait to the east Australian independent), providing multiple fibre and wind power generation. electricity grid and the east optic connectivity bundles to national Tasmania is unique in that a large Australian natural gas grid. and international interconnects. proportion of its energy is from renewable sources; the state generates up to 90 per cent of its electricity from these sources.

24 TRANSPORT INFRASTRUCTURE The state’s transport system provides Air transport is a crucial link between In most instances, Tasmanian agricultural fast and efficient links between major Tasmania and other Australian states. producers will be located less than 100 Tasmanian centres and other parts There are several hundred flights kilometres from farm or factory to port, of Australia, as well as international between Tasmania and mainland providing fast access to distribution markets. Its core infrastructure Australia each week. All regularly channels. There are frequent shipping encompasses 24 000 kilometres scheduled flights from Hobart and services from Tasmania’s major ports. (almost 15 000 miles) of roads, some Launceston are on jet powered Boeing The Tasmanian Freight Equalisation 600 kilometres (393 miles) of rail and Airbus aircraft, while flights from Scheme provides financial assistance track, four key sea ports and four Devonport and Burnie are generally on to shippers of eligible freight destined major airports. smaller turboprop aircraft. for Australian markets. Air freighted produce can arrive at overseas markets Hobart is approximately 60 minutes by within 48 hours of dispatch. air from Melbourne and 100 minutes from Sydney, while Launceston is just 50 minutes by air from Melbourne and 90 minutes from Sydney.

25 Investment Essentials

BRAND ADVANTAGES

Tasmania has a strong reputation for excellence, innovation and sustainability and the Tasmanian brand is now synonymous with these attributes. This brand provides a major advantage to businesses located in Tasmania.

Tasmania produces superb wines, • innovative inflatable clothing for whiskeys and beers to complement its commercial and recreational fine food. Tasmanians are also world water activities leaders in many areas of specialisation, • world-leading natural turf systems including large-scale, high-speed for major sporting arenas catamarans, marine evacuation gear, • cutting-edge mining technology underground mining equipment, high- and environmental management performance radio antennae and certain aquaculture equipment. Tasmanians • ground-breaking fish-feeding regard quality as their over-arching technology and packaging competitive advantage. • communications equipment for many of the world’s navies A resourceful island culture has generated leading-edge niche industries: • pharmaceutical products and • premium wool sought after in • high-speed catamaran ferries and Europe and Asia. other shipbuilding • lightning-protection technology • winches and windlasses for some of the world’s biggest ocean-going pleasure craft • large-scale inflatable evacuation systems for the shipping industry

26 27 Investment Essentials

In 2010, the Antarctic Climate and There is no significant change to MINIMAL Ecosystems Cooperative Research projected total annual rainfall over Centre released a report on Tasmania, although rainfall patterns CLIMATE climate change in Tasmania. The are likely to change. The report main conclusions of the report shows an emerging pattern of indicated that Tasmania’s climate increased rainfall over Tasmania’s CHANGE is not predicted to change as coastal regions, and reduced rapidly as other Australian regions. rainfall over central Tasmania IMPACT This is primarily because Tasmania and in the north-west. is surrounded by ocean, so the island will experience warming at a slower rate than elsewhere.

28 DISEASE REDUCED EXPOSURE FREEDOM TO NATURAL DISASTERS

As an island, Tasmania has a clear While natural disasters may strike which lists the major disasters to biosecurity advantage. Tasmania’s anywhere, Tasmania is considered have occurred throughout Australia biosecurity system is at the core of to be less prone to some varieties since 1852. the Tasmanian brand as its natural of natural disaster. Tasmania is not For the period 1852 to April 1999, environmental values and quality affected by tropical cyclones or severe only three Tasmania-specific disasters produce relies upon the state’s earthquakes. These observations are listed: drought (1983), flood (1929) relative freedom from pests, weeds are supported by the International and bushfire (1967). and diseases. This provides access Decade for Natural Disaster Reduction advantages to key markets. (IDNDR) 1990–2000 Final Report,

29 Investment Essentials

Tasmania has much to offer prospective • a mild, temperate maritime climate, LIFESTYLE residents. Twice named ‘Best Temperate with four distinct seasons, without the Island in the World’ by international scorching heat found elsewhere in travel magazine Conde Nast Traveler, Australia or the deep cold winters that Tasmania has spectacular scenery, unique affect northern hemisphere countries at flora and fauna, a refreshing climate and similar latitudes a rich heritage. Hobart, Tasmania’s capital • abundant water for population centres, city, offers an enviable lifestyle. Particular without the rain. Hobart is Australia’s advantages of living in Tasmania include: second driest capital city, receiving around • small, safe cities and vibrant 630mm (25 inches) of rain a year. Hobart urban centres with many of the receives about half as much rain as Sydney opportunities available in larger cities but rarely faces water restrictions due to strong river flows from high rainfall areas • Hobart residents feel safer, have lower levels of stress and volunteer more • a low cost of living and the most than residents in any other capital city affordable housing in Australia. In general, house prices are much • short commute times with no gridlock lower, both in absolute terms and as a getting to and from work – the proportion of median incomes, than in average commute time is 20 minutes mainland capital cities, particularly Sydney • a natural and unspoilt environment and Melbourne – around 40 per cent of Tasmania is • a high quality but affordable education conserved as a national park or system and a world-class health care World Heritage Area system.

30 Australia’s quality of life is regarded as one of the best in the world. In 2014, the Organisation of Economic Co-operation and Development (OECD) ranked Australia as the happiest industrialised nation for the fourth year in a row.

AVERAGE TEMPERATURES WORK TRAVEL TIMES IN AUSTRALIAN – HOBART CAPITAL CITIES, 2011

21.1ºC Sydney Melbourne 12.5ºC Brisbane

11.9ºC 5.4ºC Adelaide Perth Canberra Hobart Darwin Summer Winter 0 5 10 15 20 25 30 35

Average Maximum Average Minimum Work travel times (minutes)

Source: PC Community Survey 2011 (unpublished, q. 12, q. 13 and q. 14).

31 STATE OF OPPORTUNITY

32 Tasmania supports a diverse range of resilient industries. Spanning both traditional and non-traditional sectors, Tasmania’s key sectors include agriculture, mining and forestry as well as Antarctic, science and research, digital services, tourism, and international education.

33 State of Opportunity

FOOD AND AGRICULTURE

Famous for its gourmet foods and premium wines, Tasmania’s food and agriculture industry is one of the state’s most prominent and successful sectors. Home to an impressive array of producers, the state boasts flagship brands – such as King Island dairy products, Huon Aquaculture and Tassal salmon, Petuna seafoods, Cape Grim beef, King Island beef, Josef Chromy wines, Moorilla Estate wines, Tasmanian Estates wines, Cascade and Boag’s beers and Cadbury chocolate and confectionery – as well as a number of boutique brands.

The Tasmanian agriculture and Alongside the state’s primary production The Drinks Business magazine recently aquaculture sector is highly activities, Tasmania also has a thriving published its list of the 10 top vineyard diversified and includes: food production sector. This sector investments and named Tasmania as includes dairy products, meat, seafood, the second most attractive investment • dairy potatoes and other vegetables, location in the world. The article stated • fruit (including stone fruit, apples, confectionery, beer and wine. There that, ‘Tasmania is the only Australian pears and berries) and vegetables are many small producers of boutique state where its entire grape production • viticulture and hops beverages, preserves, olives and olive oils, is genuinely in a cool climate’ and • poppies and pyrethrum small goods and baked goods. further noted that: • beef and lamb The Tasmanian Government is “Tasmanian wines are ‘punching • pigs and poultry committed to the growth of these considerably above their weight’ sectors, and believes there are particular in relation to the tiny fraction of • mixed farming enterprises opportunities for investment in wine, national production and the relative incorporating broad acre cropping dairy, berries and horticulture. youth of the current industry. and wool and livestock production • Atlantic salmon and ocean trout, The Tasmanian wine industry is “While vineyards are being removed abalone, mussels, oysters, scallops particularly well regarded, both for the in other parts of Australia, the and rock lobster quality of its products and also as one of Tasmanian wine industry is enjoying the best locations for future investment. modest growth, with recent • niche production such as seeds, investments confirming Tasmania’s honey, ginseng, olives, nuts, berries, position as a premium cool climate truffles, herbs, cut flowers, bulbs wine region. and essential oils.

34 “[Tasmania] is a particularly attractive TASMANIA OFFERS: • research and development investment location for those partnerships between industry, • a temperate climate, distinct seasons, seeking to expand or diversify their university and government – reliable rainfall, clean air, and rich, businesses, due to the region’s cool Tasmania’s research and fertile soils climate, affordable land, abundant development community works water resources and relative pest and • the only Australian state free from together for improved productivity, disease freedom. fruit fly, potato cyst nematode, safe food production, and resource tobacco blue mould, and other major management “Interesting government economic pests and diseases development strategies also add to • out-of-season supply – our location • high biosecurity with a moratorium the notion that this would be a good enables Tasmania to supply fresh on genetically modified crops investment, as the Tasmanian wine produce to northern hemisphere industry has been identified as having • infrastructure support with major markets. strong potential for expansion.” irrigation projects to efficiently and sustainably utilise our significant water resources • strong trade with proven domestic and international markets

35 State of Opportunity

TOURISM Tasmania is blessed with unspoilt locations, gourmet food and wine, an iconic heritage and a distinctly seasonal climate. Tasmania’s tourism industry has successfully leveraged the natural advantages afforded by its location, small population and history. Tasmania’s popularity as a tourist destination continues to rise, with the state attracting over one million visitors for the first time, in the year to September 2013. This milestone is just the latest achievement for the industry which has seen visitor numbers grow by over 50 per cent since 2002. The sustained growth trend has supported the development of many award winning enterprises.

OPPORTUNITIES EXIST • Iconic attractions – including the • Eco adventure – Tasmania’s unspoilt FOR INVESTMENT IN: internationally recognised wilderness World rivers, oceans, mountains, beaches Heritage Area, Cradle Mountain, Freycinet and forests provide a wonderful • built infrastructure such as hotels Peninsula, Bay of Fires and Port Arthur. opportunity to offer gentle and and other accommodation • Heritage attractions – a rich heritage challenging tourism adventures such • heritage activities with historic towns and locations as offered by Bruny Island Cruises, the • gastronomic experiences including Port Arthur and Salamanca Maria Island and the Bay of Fires walks • recreational activities. Place have become a huge drawcard for or Franklin River rafting. • tourism developments in Tasmania’s Tasmania. There has also been sensitive • Vibrant arts scene – Tasmania has an Wilderness World Heritage Area, repurposing of historic buildings, such active and thriving arts scene with national parks and reserves. as Hobart’s former IXL jam factory, strong participation rates. The state now the Henry Jones Art Hotel. attracts national and international • Award winning – Tasmania is regularly festivals, exhibitions and events and TASMANIA OFFERS: recognised in national and international is home to many outstanding venues, including The Museum of Old and • Unique experiences – Tasmania offers publications. Hobart was ranked New Art (MONA), Australia’s largest travellers one of the most beautiful among the top 10 cities in the world private museum and art gallery. and unspoilt locations in the world. in Lonely Planet’s Best in Travel 2013, in Trip Advisor’s Traveller’s Choice top 10 MONA has received international • Natural attractions – pristine destinations on the rise and as the world’s acclaim and is a major tourist wilderness, rugged mountain second-friendliest city by Conde Nast attraction. ranges, pure white sandy beaches, Traveler. The state’s iconic properties also • More artists and people involved in breathtaking scenery and stunning regularly win acclaim. Saffire Freycinet was the arts per capita in Hobart than flora and fauna are major drawcards named Best Australian Boutique Property anywhere else in Australia, according for visitors. Villa or Lodge and Barnbougle Dunes to a recent Australia Council report. was named Best Australian Golf Course by Luxury Travel in 2014.

36 37 State of Opportunity

INTERNATIONAL International education is a significant service export in the Tasmanian economy. Tasmania EDUCATION has 13 registered providers of international education. The University of Tasmania (UTAS) is the sole provider of university tertiary education and captures over 70 per cent of total international enrolments for the state. UTAS is also ranked number 59 out of 795 global institutions in terms of the percentage of international students within the student body.

38 In addition to the university, there are TASMANIA OFFERS: • affordability – competitive fees, living Vocational Education and Training expenses and transport costs in • educational excellence – talented and (VET) institutions, schools and English compact city environments highly qualified specialist teachers language providers. • top quality support services and • industry and world recognised easy and informal access to teachers Since 2005, China has been the most research hubs providing access to and lecturers as required – a smaller important market for international real-life work and research experience student community means more time education in Tasmania. Malaysia, for students Singapore, India and South Korea make for each individual • excellent results for international up the top five source countries for • a clean, healthy and safe environment. students – international students international education in Tasmania. score consistently high marks at all Students can study English at all levels. levels of study. Tasmania also has one English language is provided as part of of the highest completion rates for the school curriculum for children, and international students at VET and university level there are • good graduate outcomes – international English language courses for course entry graduates from Tasmanian educational and further study. Smooth pathways institutions are highly successful to UTAS have been arranged with in attaining good quality jobs on opportunities for direct entry and credit completion of their study towards undergraduate degrees.

39 State of Opportunity

DIGITAL SERVICES AND INFORMATION TECHNOLOGY

Tasmania’s digital infrastructure, leading research clusters, specialised centres and high quality skills drive innovation and productivity in the state’s information and communication technologies (ICT) industry.

The Tasmanian Government is committed • supporting business to engage with • digital infrastructure, data centres and to leveraging opportunities to create an the digital economy connectivity, including continued rollout innovative, sustainable and vibrant digital • investing in innovation and supporting the of the National Broadband Network industry by: commercialisation of ideas, collaborating • cloud infrastructure, applications and • assisting the Information and with research and education to develop services Communication Technologies (ICT) digital skills, capability and intellectual • ICT Service delivery centres, contact industry to compete globally and property with commercial value. and business processing centres exploit development opportunities • social and community digital from digital applications, technologies Opportunities exist transformation and services for investment in: • government digital transformation and • promoting and facilitating investment • software and applied knowledge service delivery in enabling digital infrastructure and application development • ICT research and development services • content and media development including ICT test beds and Centres • encouraging and supporting digital and services of Excellence e.g. CSIRO’s Sensor and efficiency, productivity and innovation • cross-sectoral ICT innovation – Sensor Networks Unit, HIT Lab AU as an economic enabler for industry, products and services to drive and Sense-T. society and government productivity, efficiency and innovation

40 TASMANIA HAS A SIGNIFICANT • eHealth and eLearning – Tasmania’s available through CSIRO Intelligent TRACK RECORD IN KEY DIGITAL small size provides a contained and Sensing and Systems Laboratory, SECTORS INCLUDING: representative population for field the UTAS and the state wide sensor testing. Tasmania has developed program, Sensing Tasmania (Sense T) • a high concentration of highly skilled innovative eHealth and eLearning software developers, that have • ‘big data’ refers to the massive companies with globally competitive achieved success in the global ICT amounts of data being captured in applications and platforms market with close association and commerce, science, government collaboration with major vendors • eGovernment – Tasmania continues and society, and is recognised such as Apple and IBM to be focused on innovative as a global key emerging sector. government processes, improved Tasmania is in an excellent position • a cluster of spatial information systems, services and transparent access to exploit and develop this emerging analytics and specialist Geographic to information market demand and provide applied Information Systems skills • research and development – Tasmania knowledge services across all sectors. • an emerging digital media production already has access to virtual reality, sector with companies such as augmented reality, 3-Dinteraction and Blue Rocket Productions, Roar universal computing through HITLab Films, Secret Lab and Joffre Street AU. Similarly, access to applied Productions research in the areas of sensor networks and data management is

41 State of Opportunity

Advanced MANUFACTURING

In general, Tasmania’s advanced manufacturing industries have focused on the fields of marine manufacturing and mining equipment. The sector includes Incat and Caterpillar, and a range of businesses supplying these and other key manufacturers.

42 Incat is an aluminium wave piercing catamaran fast ferry aluminium, zinc and ferro-manganese smelters, cement constructor and has been at the leading edge of industry production, iron ore pelletising and newsprint production. innovation for many years. The companies in its supply chain Tasmanian manufacturer, Haulmax, produces a range of produce a broad range of products including marine evacuation trucks used for the above-ground movement of materials systems, rapid access passive fire protection barriers, ride over long distances in the resource sector. The Haulmax control foils and hydraulics, wide frequency antenna systems product range is the culmination of 20 years’ research and anchoring winches. Companies in the supply chain have into the haulage industry and the requirements of long matured significantly in the past 10 years and many are now distance bulk haulage vehicles. The Haulmax product is successful international exporters in their own right. There is high value and has a unique niche in the global mining also a range of smaller shipbuilders in Tasmania’s marine sector, sector. The company has support from the Caterpillar many of whom are successful exporters. USA organisation and is currently linked into the global Tasmania offers a highly skilled and experienced marine and Caterpillar network. Similarly, another Tasmanian company, maritime industry base which has proven to be capable of Railmax, specialises in the design, engineering and applying itself across a number of technical areas. manufacture of technologically advanced and certified road rail equipment for use on the repair of rail infrastructure. Caterpillar is a global-scale specialised mining machinery manufacturer located at Burnie. A number of other specialised Specialised Vehicle Solutions (SVS) design and manufacture manufacturing companies also share much of the same supply high quality niche equipment and vehicles for hard rock chain. The metal manufacturing, casting, specialised machinery applications, as well as designing to customer specifications, manufacturing and engineering sector produces a diverse range with a focus on customer solutions. SVS utilises the of niche products while also supporting repair and maintenance Caterpillar global network. activity within mining, mineral processing and other heavy industries. Tasmania’s heavy manufacturing industry includes

43 State of Opportunity

MINING AND MINERAL PROCESSING

Tasmania is one of the most highly and diversely mineralised areas in the world. The extraction and processing of mineral resources is a significant sector of Tasmania’s economy. Tasmania has extensive high-grade mineral deposits close to transport infrastructure, coupled with supportive legislation for exploration and development.

44 The major minerals currently extracted TASMANIA OFFERS: • 3-D modelling – investors can access include copper, gold, lead, magnetite, a 3-D computer-based geological • geological diversity – Tasmania has a silver, tin, zinc, and ultra-high purity model of Tasmania that simulates remarkable range and abundance of silica flour. Opportunities exist for exploration interest to 1 000 metres mineral deposits related to multiple investment in exploration, extraction below the surface mineralising events and downstream processing of minerals • TasExplore – new geological, • exploration opportunities – a in Tasmania. This is particularly true in magnetic, radiometric and gravity significant increase in exploration the west coast of Tasmania – which data for north-east Tasmania and expenditure over recent years offers a world-class region for mineral an improved geological correlation demonstrates continued industry prospectivity with a high potential for between western and north-west confidence in Tasmania’s potential the discovery of a range of minerals – Tasmania and in Tasmania’s north-east which is • high quality port access – offering • legislation – designed to facilitate largely unexplored. access to worldwide markets investment and ensure transparent Existing major mineral processing • an integrated geological and mineral approval processes. operations include large-scale exploration information system aluminium and zinc smelters, a (TIGER) available through Mineral manganese ferro-alloy smelter and Resources Tasmania an iron-ore pelleting plant.

OPPORTUNITIES FOR EXPLORATION: Total Value of the Tasmanian Mineral Industry (AUD$ billion) Rocks from every period of the Earth’s history from the Late Proterozoic period are present in the state and there have 2.218 been at least four major episodes of economic mineralisation. Significant deposits include: 1.594 • proterozoic iron ore • silica, dolomite and magnesite • cambrian volcanogenic massive sulfide ore deposits (VMS or VHMS) gold and ultramafic-related platinum group minerals (PGM) and chromite 2004 – 05 2012 – 13 • devonian granite-related tin-tungsten and silver-lead-zinc deposits • devonian slate-belt gold deposits Source: Data supplied by Mineral Resources Tasmania • cainozoic alluvial gold, tin and PGMs and residual iron oxide, silica and clay.

45 State of Opportunity

FORESTRY

The Tasmanian forestry sector is an integrated industry that encompasses both native forest and plantation resources. Significant areas of Tasmania’s forests are sustainably managed in World Heritage wilderness areas, national parks and other reserves. The managed production forests yield some of the strongest commercially usable timbers available.

Tasmania’s sustainable forest sector POTENTIAL INVESTMENT produces quality hardwood products OPPORTUNITIES IN THIS including beautiful timbers which SECTOR INCLUDE: are held in high regard by architects, • the production of high-value building craftspeople and artists. The production resources such as laminated veneer of logs, woodchips, pulp and paper, lumber and cross laminated timbers veneer and other wood products is a key part of our economy and Tasmania • the development of a biofuels and is the only state in Australia that is a net bioenergy sector utilising forest waste, exporter of forestry products. including the production of torrefied wood, wood pellets and biodiesel Harvesting from Tasmania’s plantation • increasing exports of wood fibre and estate will significantly increase over fibre processing. the next decade providing greater opportunities for the processing of plantation timber. Opportunities also exist for engineered wood products manufacturing and bioenergy along with the potential for particle board production. The sector operates under well-established environmental standards and native forest resource is only harvested outside of the extensive reserves systems, designed to maintain environmental values.

46 47 State of Opportunity

Hobart is a gateway to East Antarctica, the Southern ANTARCTIC Ocean and sub-Antarctic Macquarie Island with excellent port facilities and regular flights from AND Hobart to Antarctica. There is a number of other international ports that are also gateways to Antarctica but only Hobart offers the following SOUTHERN combination: OCEAN • the amenities of a modern and attractive capital city, with excellent sea and air transport infrastructure • world-class expertise in Antarctic, sub-Antarctic and marine education, research and support services Tasmania is a hub of expertise in Antarctic, • ready access to a wide range of specialist Antarctic and cold climate expertise and products through sub-Antarctic and Southern Ocean science, the Tasmanian Polar Network. research, education and logistics and has Hobart’s magnificent deep-water port is 1 390 the greatest concentration of Antarctic and nautical miles (2 575 km) from the Antarctic Southern Ocean scientists and institutions mainland and 1 852 nautical miles (3 429 km) from Australia’s Antarctic base at Casey station. The port of the five Antarctic gateway cities (Hobart, offers shipping operators a complete range of 24 Punta Arenas, Ushuaia, Cape Town and hours-a-day, seven days-a-week port services and full Christchurch). provedoring, stevedoring, cold storage, quarantine and maintenance facilities. Regular flights operate during the summer months Hobart is the headquarters of Australia’s Antarctic program between Hobart International Airport and and is home for the French Antarctic program (Institut Casey station in East Antarctica. The flight time is Polaire Francaise Paul Emile Victor). Antarctic activity is approximately 4.5 hours and provides a fast option also supported by the research, government and business for moving scientists, expeditioners and high priority membership alliance, the Tasmanian Polar Network, and cargo south each summer season. by Antarctic Tasmania – a Tasmanian Government agency Hobart International Airport also has warehousing dedicated to supporting the businesses and organisations and aviation services for Antarctic expeditioners that make up the Antarctic sector. on site.

48 have some association with at least one of SCIENCE these three main organisations. Tasmania’s science research sector is recognised RESEARCH as world-leading in a number of disciplines, with the recent Excellence in Research Australia (ERA) ratings showing that UTAS meets or exceeds world standards in more than 70 per cent of its disciplines, including physical, chemical, biological and agricultural sciences. Such recognition provides a strong basis for the building of international cooperation Tasmania is home to a These include research on temperate and connectivity. vibrant and diverse science marine systems, the Antarctic, The Menzies Research Institute and the agriculture, aquaculture, renewable Institute for Marine and Antarctic Studies and research community. energy, population genetics and regional are also carrying out world-class research. medicine. A critical mass of renowned The state’s natural advantages of These institutes have both received large researchers in all these fields has been infrastructure investments in recent years proximity to Antarctica and the built up, predominantly in Hobart. and have continued to grow in size and Southern Ocean, geographical The three main employers in the science reputation since their establishment. isolation, abundant water and and research sector in Tasmania are: Tasmanian science and research provides wind resources and a stable • the University of Tasmania (UTAS) tangible benefits for many Tasmanian- based industries. These include aquaculture, • the Australian Antarctic Division population have resulted in agriculture, forestry, mining and biomedicine, (AAD) and expertise and capabilities in as well as various service-based initiatives. a number of scientific areas. • the Commonwealth Scientific and Industry Research Organisation (CSIRO) Hobart’s Antarctic, Southern Ocean and through its Marine and Atmospheric marine science education and research Research Division (CMAR), and the community is internationally respected. Tasmanian CSIRO ICT Centre (TCICT). The 700-plus members of this community constitute the majority of Australia’s There are about 20 collaborative scientists who specialise in these fields. research programs and institutes that

49 State of Opportunity

The Tasmanian Government is • a water and sewerage headworks Planning embarking on a program of planning holiday for two years from 2014. reform to drive building and This will directly lower the costs of Reform construction investment in Tasmania. developments connecting to Taswater’s Key features of that reform include: water or sewerage network and is estimated to be worth $10 million to industry. Beyond 2016, Taswater has committed to waive headworks charges for any development within the urban growth boundary

50 • the replacement of over 30 planning • shorter assessment timeframes, • establishing the key positions of schemes with a single state wide reduced from 42 days to 21 days Coordinator-General and Regulation planning scheme • in-principle planning approvals for Reduction Coordinator to make it • overhauling third party appeals to major projects easier to invest in Tasmania ensure that only those directly affected • cutting red and green tape by • establishing a new independent body, by a proposed development or 20 per cent and ensuring that there Infrastructure Tasmania, to provide community groups with a longstanding is a annual audit of regulations a coordinated approach to the interest are able to lodge appeals planning and delivery of all major • reforming The Building Act 2000 infrastructure in Tasmania, including • the introduction of 24-hour to streamline building regulations approvals for compliant applications rail, major roads, energy, ports, and for single residential dwellings in water and sewerage. residential zones

51 Coordinator- General

52 The Office of the Coordinator-General is the first point of contact for any business wanting to establish, relocate, diversify or expand in Tasmania. Our specialist team works with potential investors to provide tailored, confidential assistance.

WE DO THIS BY: • providing information on • facilitating visits to Tasmania and Tasmania’s industry capabilities arranging appropriate meetings and strengths, specific business and introductions opportunities, investment • providing introductions to local regulations and government industry, government departments assistance and potential joint venture • assisting investors to identify and partners select the best Tasmanian site for • assisting access to export markets. their business

PO Box 1186 CONTACT Launceston TAS 7250 Australia +61 1800 030 688 [email protected] www.investtasmania.com.au

53 Copyright Notice PHOTO and Disclaimer CREDITS Copyright in this publication is owned The Crown, its officers, employees Images courtesy of the Australian by the Crown in Right of Tasmania, and agents do not accept liability Antarctic Division, Hobart City Council, represented by the Department of however arising, including liability for Forestry Tasmania, Hazell Bros, Liferaft State Growth. negligence, for any loss resulting from System Australia, Mineral Resources the use of or reliance upon information Tasmania, Southern Cross Television, Information in this publication is in this publication. Sullivans Cove Waterfront Authority, intended for general information only TasRail, University of Tasmania, Wine and does not constitute professional Images used within this publication remain Tasmania, Winemaking Tasmania, advice and should not be relied the property of the copyright holder. George Apostolis (Saffire at Freycinet), upon as such. No representation or For further information on this Alastair Bett f8 Photography, Rob warranty is made as to the accuracy, publication please visit Burnett, Chris Crerar, Stuart Crossett, reliability or completeness of any www.investtasmania.com.au Rick Eaves, Dan Fellow, Sean Fennessy, information in this publication. Readers Tony Lomas, Nick Osborne, Brent should make their own enquiries and ISBN: 978-1-921527-37-1 Pearson (Nyrstar), Simon de Salis, Scott seek independent professional advice (English edition) Sporleder – Matador and Doug Thost. before acting on or relying upon any © State of Tasmania August 2012 of the information provided. Reviewed and reprinted November 2014 Office of the Coordinator-General Office of the Coordinator-General