The PRWIRE Press Releases http:// 2017-03-21T12:11:39Z Traction Transformer (Onboard) Market worth 724.2 Million USD by 2022 2017-03-21T12:11:39Z traction-transformer-onboard-market-worth-724-2-million-usd-by-2022 According to the new market research report "Traction Transformer (Onboard) Market by Rolling Stock (Electric Locomotives, High-speed Trains, Metros), Mounting Position (Underframe, Machine Room, Roof), Overhead Line Voltage, and Geography - Global Forecast to 2022", the traction transformer market is expected to be valued at USD 724.2 Million by 2022, growing at a CAGR of 4.6% between 2016 and 2022. The factors that are driving the growth of the market include the significant government funding for rail infrastructure development, shift toward low carbon rail transport, and liberalization of rail transport network.Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=951 Browse 51 market data tables and 63 figures spread through 138 pages and in-depth TOC on “Traction Transformer (Onboard) Market - Global Forecast to 2022"http://www.marketsandmarkets.com/Market-Reports/traction-transformer-market-951.html “Traction transformer market for electric locomotives to hold the largest share of the overall market during the forecast period“ Electric locomotive is expected to lead the global traction transformer market between 2016 and 2022. The traction transformer market for electric locomotive is majorly driven by the large installed base for passenger and freight locomotives in Europe and APAC. The adoption of electric freight locomotives has grown considerably with the rising preference for moving goods by rail over road transportation due to the cost efficiency. Further, the rising population and increasing demand for transportation is expected to drive the growth of passenger locomotives, which would further increase the demand for traction transformers. “Traction transformer market for machine room mounting to grow at a high rate between 2016 and 2022” The traction transformer market for machine room mounting is expected to grow at a significant rate between 2016 and 2022. The machine room mounting of traction transformer is widely used in high-speed trains and electric locomotives. This type of mounting provides maximum flexibility and reliability in single and multiphase rail systems. “APAC expected to lead the traction transformer market between 2016 and 2022” The growth of the traction transformer market in APAC is majorly driven by freight locomotive, passenger locomotive, and high-speed trains. The increasing investment by countries such as China, Japan, and India for the development of new lines and expansion of existing lines is expected to create a great potential for the overall growth of the traction transformer market in APAC. The major players operating in the traction transformer market include ABB Ltd. (Switzerland), Alstom SA. (France), JST Transformateurs (France), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Emco Ltd. (India), Hind Rectifiers Ltd. (India), International Electric Co. Ltd. (Korea), Setrans Holding AS (France), and Wilson Transformer Company (Australia). About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com Power Electronics Market worth $36.86 Billion by 2020 2016-11-24T07:22:05Z power-electronics-market-worth-36-86-billion-by-2020 According to a new market research report "Power Electronics Market by Substrate Wafer Technology (GaN, SiC, and Others), Devices (Power IC, Power Module & Power Discrete), Applications, and Geography - Analysis & Forecast to 2014 - 2020", published by MarketsandMarkets, is expected to boom in the near future. The power electronics market by device is estimated to grow at a CAGR of 7.74% from 2014- 2020.The report also includes an in-depth analysis of the applications and geography.• Download Informational PDF Brochure :-http://www.marketsandmarkets.com/pdfdownload.asp?id=204729766Browse 52 market data Tables and 79 Figures spread through 329 Pages and in-depth TOC on "Power Electronics Market by Substrate Wafer Technology (GaN, SiC, and Others), Devices (Power IC, Power Module & Power Discrete), Applications, and Geography - Analysis & Forecast to 2014 - 2020"http://www.marketsandmarkets.com/Market-Reports/power-electronics-market-204729766.htmlEarly buyers will receive 10% customization on reports. The power electronics market is a very dynamic market and entails a great potential across many industry verticals. The advancements in technology due to the never ending R&D in this sector, makes it one of the prominent segments in the current industrial scenario. The power electronics devices have been experiencing continuously developmentsright since theirinception. The substrate technology has a major role to play in this sector due to the cost effective matrix, and results intoa longer life cycle of devices and systems, along with greater reliability. The highlighting features of the power electronics devices include high efficiency, better properties to withstand rough environmental conditions, and alonger life that is best suited for the industrial, power,aerospace, and defense applications. This report describes the market trends, drivers, and challenges with respect to the power electronics market and forecasts the market up to 2020. This global report gives a detailed view of the market across various geographies, namely - The Americas (North America and South America), Europe (U.K., Germany, and others), the Asia-Pacific (China, Japan, Korea, Taiwan, and others), and ROW (Middle East and others). Asia-Pacific is the largest geography in terms of the power electronics market value. Americas has been identified as the fastest growing region and a leader in the power electronics systems, with the U.S leading the way. Europe also has a very promising market, comprising Germany and the U.K., while the ROW also bestows an impetus to the growth of this market. The report profiles 10 promising players in the power electronics market ecosystem.The competitive landscape of the market presents a very interesting picture, where a large number of small players have become forces to reckon with. The market is witnessing large scale collaborations and partnerships across the value and supply chain,among the number of tier-one players around the globe. • Inquiry Before Buying :-http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=204729766 Major players in this field includes: Texas Instruments Inc. (U.S), Vishay Intertechnology Inc. (U.S), Infineon Technologies AG (Germany), NXP Semiconductors (U.S), Fairchild Semiconductor (U.S), Microsemi Corp. (U.S), Toshiba Corp. (Japan), Hitachi Co., Ltd (Japan), and Mitsubishi Electric Corp. (Japan) among others.About MarketsandMarketsMarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.Contact: Mr. Rohan           Markets and Markets 701 Pike Street Suite 2175, Seattle, WA 98101, United States USA : 1-888-600-6441Email: sales@marketsandmarkets.comSubscribe Reports from Semiconductor and Electronics Domain @ http://www.marketsandmarkets.com/Knowledgestore.aspVisit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets Website :- http://www.marketsandmarkets.com/ AIIA undertaking significant survey on analytics and data usage by Australian businesses, government and NGOs 2016-09-12T01:46:08Z aiia-undertaking-significant-survey-on-analytics-and-data-usage-by-australian-businesses-government-and-ngos FOR IMMEDIATE RELEASE 12 SEPTEMBER 2016 Encourages new and established organisations in all sectors to participate in order to develop the most comprehensive report possible The Australian Information Industry Association (AIIA), the peak member body for the ICT industry, today announced it is undertaking a major survey of Australian organisations on analytics and data usage. The purpose of the survey is to find out what differentiates those business, government and NGO organisations that effectively use data and analytics for senior decision making. The survey is open to individual respondents via the AIIA website until 31 September 2016. It is anticipated that a whitepaper will be published towards the end of the year incorporating an analysis of the results and providing a body of knowledge that will help guide business leaders on ways to incorporate data and analytics into their organisation in order to remain competitive. Rob Fitzpatrick, CEO of the Australian Information Industry Association (AIIA), says, "On a global scale, we see those organisations that know how to use data effectively are usually the strongest performers. If Australia is serious about driving an ideas boom and creating new employment opportunities, we need to ensure that we help local organisations better understand and then take advantage of data to be competitive. “This is not just a survey for tech companies. The information generated will benefit all industries and we encourage participants across all sectors whether they be in education, retail, finance, or others, as well as established and newer companies to participate,” added Fitzpatrick. This initiative is being led by the AIIA’s Data and Analytics Special Interest Group, which is chaired by Dr Roger Kermode, director of business consulting firm Alimua Pty Ltd and former practice principal for analytics and data management for Hewlett-Packard Enterprise and Graeme Wood, general manager of marketing for Semantic Software Asia Pacific. “There is mounting evidence that data-driven organisations tend to require fewer assets, execute with greater insight and less risk, and ultimately generate higher returns. We believe incorporating these practices is an important part of creating a sustainable and growing economy in Australia and is crucial to seeing our standing in world innovation and growth rankings improve,” says Dr Kermode. The data collected will be analysed by data scientists at the University of Technology Sydney. Professor Michael Blumenstein of UTS Sydney says, “Much has been published on big data, automation and the use of analytics at an organizational level. However, despite the recognition of data increasing in importance, the use of data between and within organisations varies widely. The AIIA survey has been constructed to find out why. It’s designed to enable deep diagnostics and analysis of what actually take place inside organisations across different functions and different levels, not just what is visible externally.” Numerous leading Australian organisations are encouraging their members to complete the survey, including: Data61, The Knowledge Economy Institute; NSW State Government; Advance Australia; FINSIA; CPA Australia; StartupMuster; UTS Faculty of Engineering and IT; and, the UTS Business School. # # # About AIIA The Australian Information Industry Association (AIIA) is Australia’s peak representative body and advocacy group for those in the digital ecosystem. Since 1978 the AIIA has pursued activities to stimulate and grow the digital ecosystem, to create a favourable business environment for members and to contribute to Australia’s economic prosperity. We do this by delivering outstanding member value by providing a strong voice of influence; building a sense of community through events and education; enabling a network for collaboration and inspiration; and developing compelling content and relevant and interesting information. MEDIA CONTACT For more information, please contact Joanna Stevens Kramer at 0408 466 410 or email joanna@filteredmedia.com.au For more information about the AIIA please visit https://www.aiia.com.au Mining’s Tough Message: Innovate or Risk Becoming Obsolete 2016-09-02T02:22:23Z mining-s-tough-message-innovate-or-risk-becoming-obsolete 2 September 2016, Sydney - The domestic mining downturn is now widely accepted as one unlikely to receive an imminent correction. This sentiment is reinforced by a recent NAB outlook report suggesting we may be as long as three years away from an upward swing. This creates a period of forced change where the industry will race to adapt in a variety of ways, including the streamlining of its business processes. Suppliers and service providers to the mining industry are in a new and unique position where the onus is now on them to provide more to their offering - beyond the suggestion of a positive impact to bottom-line, companies now need to prove this by showcasing recent examples. Mining Industry Partners Offer Options This is one of the reasons that Apex Supply Chain Technologies has demonstrated recently during Australian mining’s influential event Queensland Mining and Exhibition, and has maintained a steady client base and even expanding since opening its first Asian-Pacific office in Sydney last year. Through a variety of solutions, such as its automated locker solutions first introduced to the Australian market by Apex this year, the company has been in strong demand within the mining sector. The technology behind the Apex solutions enables subscribers to track, manage, control, and analyse supply, materials and equipment in real-time, is known as the Apex Trajectory Cloud™ Enterprise Software Service. This secure, cloud-based, technology allows businesses to affect a reduction of up to 34% in its operational costs, with many Australian companies already enjoying the level of savings. Apex Supply Chain Technologies CEO and Founder Kent Savage said, its cloud-based technology can be used from anywhere, day or night, with no software to install. The Trajectory Cloud platform powers all Apex automated dispensing solutions, including the AXCESS™ self-serve automated lockers, which provide secure accountability for high value, reusable assets and consumable products. “Each AXCESS locker also has flexible configurations to accommodate a wide variety of products, from calibrated tools or stock-kits, to handheld scanners and other electronic devices,” Mr Savage said. “And all of them are easy to access twenty-four hours a day, seven days a week.” Ample Opportunity to Adapt with Asset Management In an article by Australian Mining (July, 2016), four qualities were identified as being vital to a business that will survive the current downturn, these being ‘pro-activeness, connectedness, adaptation, and access to “slack” (or readily available) resources. Mr Savage, commented that ‘slack’ or wasted resources are all too common within a company’s internal operations and can be easily audited and addressed. “When you’re dealing with high-value equipment, waste through loss, or even the time wasted locating misplaced equipment, this will put a dent in how ‘downturn-proof’ your business is,” Mr. Savage added. “Minimising waste is one of the quickest and easiest ways to bolster your bottom-line.” Automating Inventory Replenishment Eliminates More Inefficiencies Business process solutions by Apex also include the ACTYLUS™ system, which uses smart bin technology to boost productivity through self-automated inventory checks and re-orders. Mr. Savage said that Actylus can boost supply chain productivity by 30% and grow bottom-line revenues across a variety of industries and applications. “ACTYLUS eliminates the need for safety stock, emergency orders and inefficient, labour-intensive manual processes. This minimises overall inventory and provides a more cost-efficient solution for inventory management,” he said. “This means easy replenishment to ensure no stock outs which can result in production lines shutting down. With ACTYLUS you’ll always have the optimal amount of inventory.” The Apex cloud technology will have a number of potential applications across a range of industries such as manufacturing, transportation and fleet, automotive aftermarket, distribution and logistics, mining and quarrying, and healthcare. “Australia’s mining industry is challenged every day by tough, global competition. The timing is ideal for companies looking to become more competitive to adopt Apex automated dispensing technologies,” he said. Apex automated dispensing solutions increase productivity; lower costs and help businesses make better decisions by utilising the real-time asset and inventory insights at their fingertips. “Our customers report greater accountability, reduced consumption and better team morale after installing our solutions, says, Mr, Savage. This translates into an average savings of 30% or more. That’s real value.” -ENDS- About Apex Supply Chain Technologies: North American-based Apex Supply Chain Technologies is a global leader in automated dispensing systems for managing high-use, high-cost, mission-critical supplies, parts, tools, hand-held electronics and components in applications such as OEM manufacturing, fleet maintenance, automotive aftermarket, mining and quarrying, retail, foodservice, healthcare, veterinary medicine and more. Apex has managed more than three billion automated vending transactions and serves thousands of global clients. For more information visit www.ApexSupplyChain.com/au or call +61 2 9450 0866. Media Enquiries Kevin Dugan Senior Global Communications Executive, Apex Supply Chain Technologies +1 513-486-3243 kevin.dugan@apexsupplychain.com Lisa Rollings Heard Agency 02 8279 7876 lrollings@heardagency.com Cathy Yao Heard Agency 02 8279 7876 cyao@heardagency.com Woman to lead Melbourne manufacturer 2016-08-05T01:07:32Z woman-to-lead-melbourne-manufacturer-setec Innovative power supply manufacturer, Setec, has appointed Louise Bayliss as Chief Executive Officer, making her one of only a few women CEOs in Australian manufacturing today. Designers and manufacturers of Australian-made power supply solutions for the medical, defence, gaming, communications, RV and automotive industries, Setec exports just over 20 per cent of the nearly 200,000 units they produce in-house annually. Returning to the fold of Setec’s strong, family-owned tradition, Mrs Bayliss – daughter of company founders Peter and Jill Lloyd – rejoins the company where she previously held the role of Managing Director from 2000 to 2009 before taking time out to raise her young family.  Mrs Bayliss replaces her husband David Bayliss who helmed Setec as its CEO from 2009 but is stepping away to pursue new business opportunities. In addition to her previous role as Setec’s MD, Mrs Bayliss also acted as the company’s Business Development Manager and is credited with significant achievements that include bringing in key customers across a range of industries as well as the commencement of Setec’s relationships with their offshore manufacturing partners. “Our growth over the last 16 years is due in large part to our understanding of the marketplace and our ability to identify new opportunities through our improved capabilities. We’re in a great place to make the most of these exciting times.” Mrs Bayliss said.Bucking the trend: from offshore to onshore With more than 80 employees at its Knoxfield Victoria design and production facilities, Setec recently made the decision to bring all of its manufacturing back to Australia. “As CEO I have a number of core goals that will be achieved in the short to medium terms. First and foremost is to launch our new battery management solutions by way of our consumer range, BMPRO, which caters to the recreational vehicle, caravan, marine, automotive and camper trailer industries. “This diversification into retail is instrumental in Setec maintaining its leading edge capabilities and inventive solution offerings for the industries we serve.  “A productivity improvement program implemented this year has seen the labour cost component reduced from 40 to 10 per cent. Through investments in advanced design and manufacturing technologies, we are now manufacturing 40 per cent more product than previously with half the staff. “Cost effective electronics manufacturing is the name of the game,” Mrs Bayliss said. Other objectives include growing the team, which has included the recent appointment of a QA manager to further enhance Setec’s quality and reliable product offering and fostering a culture of constant improvement and teamwork. “It’s an exciting time for both Setec and BMPRO as we continue to invest in our local manufacturing facilities, producing great products for both our new and long-term customers. “David’s seven years at Setec have left the business in great shape with a vitality and confidence that will further the company’s next period of growth as we continue our quest to deliver the best Australian designed and manufactured products with confidence.”www.setec.com.auwww.teambmpro.comOpinion on the future of Australian manufacturing by Louise Bayliss The future of manufacturing in Australia offers endless opportunity for smart manufacturers servicing the local and global markets.  The combination of Asia’s rising labour costs, a low Australian dollar, the utilisation of new technology in conceptualising and design, and the reduction of labour content has seen our production experience go full-circle, from ‘in-house’ to ‘offshore’ to bringing everything back in-house. This has resulted in Setec investing even further in our local manufacturing expertise and our people.  Setec also operates in a value marketplace, where we offer solutions rather than just a ‘me-too’ product, all supported with local engineering support and customer service. Setec will continue to invest and innovate in its design and manufacturing to ensure a healthy, long-term manufacturing environment here in Australia.About Setec: Setec Pty Ltd is an innovative, award-winning company celebrating over 48 years of Australian design and manufacturing servicing the medical, defence, gaming, caravan and automotive industries with on-site expertise in the development of custom-made power management solutions with the highest quality, reliability and integrity in mind. Founded by Peter and Jill Lloyd in 1968, Setec has been creating world-class products and providing custom-designed power supply solutions for the world stage with a growing export market that extends around the globe. Safe Work Australia’s Award for Good Design goes to a Forklift with a difference 2016-06-06T00:16:55Z safe-work-australia-s-award-for-good-design-goes-to-a-forklift-with-a-difference Safe Work Australia’s Award for Good Design goes to a Materials Handling device with a difference Creativity, innovation and design has come together, winning Makinex Construction Products’ Powered Hand Truck Safe Work Australia’s Award for Good Design last weekend. The revolutionary machine, the Powered Hand Truck, replaces the need for a forklift and has the potential to cut shoulder and back injuries in the workplace. The Makinex Powered Hand Truck is a universal materials handling solution that enables one person to safely lift and load small equipment or bulky goods weighing up to 140kg (309lbs). It provides a quick and easy alternative to using a forklift or tailgate loader for small loads. The inaugural Safe Work Australia Award for Good Design was selected from finalists across all categories in the 2016 Good Design Awards. Makinex were presented with their award as part of the 2016 Good Design Awards ceremony on 27 May 2016. Since using the Powered Hand Truck, Australian company Kennard’s Hire has seen a significant decrease in shoulder and back injuries. It has become an indispensible piece of equipment in Kennards Hire across Australia and New Zealand. “A focus on health and safety in design helps eliminate hazards and risks before they enter the workplace. Good work design can radically transform the workplace in ways that benefit the business, workers, clients and others in the supply chain.” said Safe Work Australia Chief Executive Officer, Ms Michelle Baxter. “Makinex is about making inefficiencies extinct, where the name itself comes from this driving force. Makinex strives towards continuous improvement by looking close at it’s business to find unique, innovative and practical product solutions that provide the construction and rental industries with a better way to do their jobs to save time, physical effort and money”, says CEO Rory Kennard, who plays an instrumental part in the design and development of many of Makinex’s products. Makinex is an Australian owned private company that have been experts in the design, development and distribution of innovative products since 2004, providing solutions to the construction, landscaping, equipment hire, infrastructure and related industries. With plans to expand the existing designed product range, growth in local and global markets with offices in Los Angeles, and a global dealer network they have a commitment to ongoing research and development, Makinex is experiencing exponential growth, particularly in its own line of designed and manufactured products. “We believe that ‘good enough’ is never enough for our customers”, says Kennard. Watch the multi-award winning Powered Hand Truck here ENDS For further information, hi-res images and interviews please contact: Amy Dowd | Rhetoric Communications|0420 979 187| amy@rhetoriccommunications.com Makinex Makinex seeks to make an impactful difference on the global construction industry through the provision of truly unique and innovative Australian designed quality products. http://www.makinex.com.au/ United Technologies Acquires Commercial HVAC Business in Australia 2016-05-30T22:38:46Z united-technologies-acquires-commercial-hvac-business-in-australia SYDNEY, May 31, 2016 – United Technologies has acquired the commercial HVAC product sales and commercial service divisions of AHI-Carrier (Australia) Pty Ltd, a UTC joint venture in Australia. The newly acquired organization will conduct business as Carrier Australia Pty Ltd (Carrier Australia), a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).     Carrier Australia operates in nine locations nationally and delivers a wide range of commercial heating, ventilating and air-conditioning (HVAC) solutions and services. As part of UTC Climate, Controls & Security, Carrier Australia will have direct access to established global Carrier operations, factories and engineering centers, leading to closer collaboration and even stronger product offerings for customers.   “We’re excited about the opportunities this will bring. For Carrier Australia, the acquisition will facilitate closer collaboration as well as more direct access to UTC Climate, Controls & Security’s global resources in terms of products, engineering, sales and marketing initiatives,” said John Sherry, Managing Director, Carrier Australia.   “Our ability to offer more complete building solutions is a crucial differentiator for us, and this acquisition continues to build that capability, positioning us to even better serve our customers,” added Oon Wee Chin, President, Southeast Asia, UTC Climate, Controls & Security.   Carrier Australia will also be closely connected to UTC Climate, Controls & Security’s existing local operations through Chubb Australasia, and will benefit from Chubb’s established infrastructure and presence. “The synergy with Carrier Australia strengthens the full range of integrated, innovative and sustainable building solutions for customers,” said Mark Brisson, President, Chubb Australasia.   In addition, Carrier Australia employees will have access to world-class UTC programs, such as the UTC Employee Scholar Program. “Our staff will benefit from one of the world’s most comprehensive, company-sponsored employee education programs, which offers company-paid tuition, books and fees for employees to pursue a degree of their choice, whether or not it is related to their job,” said Sherry.   The remaining residential, light commercial and Totaline parts business segments have transferred to a new entity, AHIC (Australia) Pty Ltd, which will continue to be owned by AHI-Carrier FZC.                    Carrier Australia will continue to serve customers with product and service offerings that ensure a comprehensive suite of next generation products and segment-leading solutions.   To learn more about Carrier Australia, visit http://www.carrier.com/carrier/en/au/.   -Ends-  About UTC Climate, Controls & Security UTC Climate, Controls & Security is a leading provider of heating, ventilating, air conditioning and refrigeration systems, building controls and automation, and fire and security systems leading to safer, smarter, sustainable and high-performance buildings. UTC Climate, Controls & Security is a unit of United Technologies Corporation (NYSE:UTX), a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.CCS.UTC.com and follow @UTC_CCS on Twitter. ARCHICAD 20 – A fresh look at BIM 2016-05-04T00:09:16Z archicad-20-a-fresh-look-at-bim BUDAPEST, May 3, 2016 – GRAPHISOFT®, the leading Building Information Modeling (BIM) software developer for architects and designers, announced today the latest version of its industry-leading BIM software solution.  ARCHICAD 20 features a number of important functional improvements that put the emphasis on the “I” in BIM, increasing the value for both ARCHICAD users and external stakeholders alike. Its brand new, “flat-design” graphical UI sets the new version apart from run-of-the-mill BIM tools. “The true potential of BIM is that it can hold all the necessary information for designing, constructing and operating buildings,” said Peter Temesvari, Director of Product Management at GRAPHISOFT. “A significant part of this information is non-geometrical data.  ARCHICAD 20 offers powerful workflows to manage, visualize and exchange such information with any stakeholder participating in the design and construction process.”  What’s new in ARCHICAD 20  Enhanced Information Management  Store the Information: Information is the most valuable part of BIM and ARCHICAD 20 helps architects and designers get the most of it! ARCHICAD 20 allows users to utilize their Building Information Model as the central storage place for all related information. They can even easily store and maintain design information that was not created using CAD or BIM tools, like Excel spreadsheets.   Display the Information: ARCHICAD 20 leverages well-structured information resulting in informative design visualization, which ensures enormous efficiencies throughout design and construction.  With the help of smart filters and brand new graphical override, designers can freely change the representation of any 2D and 3D views of elements with similar properties. This feature allows a number of workflows that make communication, coordination and model checking much more efficient.  Share the Information: ARCHICAD 20 is among the first BIM applications to fully support the IFC 4 open-source standard. IFC 4 supports new coordination workflows (Design Transfer View and Reference View) and provides great help when coordinating with other disciplines. Information sharing via purpose-made tools such as BIMx or generic tools such as Excel enables a much wider target group to get involved and use the wealth of information stored in BIM.    Graphical Favorites   Brand new Graphical Favorites provide excellent visual feedback about saved element settings with automatically-generated, colored 2D or 3D thumbnail previews -- available instantly for every Tool.  This not only helps BIM managers in setting up and enforcing office project templates, but also speeds up everyday design development work.  Renewed Graphical User Interface   ARCHICAD 20 features a completely revamped graphical user interface, making it the most modern-looking BIM application available on the market today. The design language used on the renewed GUI gives ARCHICAD a look and feel much closer to mobile apps than to traditional desktop software, making it especially appealing to the younger generation.   For more information about ARCHICAD 20, and to sign up for the live streaming of ARCHICAD 20’s world premier event, visit www.archicad.com.  About GRAPHISOFTGRAPHISOFT® ignited the BIM revolution in 1984 with ARCHICAD®, the industry first BIM software for architects.  GRAPHISOFT continues to lead the industry with innovative solutions such as its revolutionary BIMcloud®, the world’s first real-time BIM collaboration environment; EcoDesigner™, the world’s first fully BIM-integrated “GREEN” design solution; and BIMx®, the world’s leading mobile app for BIM visualization.  GRAPHISOFT is part of the Nemetschek Group.                                                                                                          Retriever Prepare Automates Pre-Planning for Field Technicians to Finish the Job the First Time 2016-04-06T21:34:50Z retriever-prepare-automates-pre-planning-for-field-technicians-to-finish-the-job-the-first-time Sydney, NSW April 7, 2016 – Retriever Communications, a global provider of mobile workforce automation, today announced Retriever Prepare, a project management solution that integrates with in field scheduling and mobile delivery, to help businesses provide a seamless experience from the initial work order appointment booking right through to the on-site project completion. Created for telecommunications, utilities and a range of other industries that manage multi-stage work orders/projects, Retriever Prepare improves efficiency and productivity by eliminating the need for manual or excel-based pre-planning processes that often result in disconnect between customers, appointment makers, dispatchers and field technicians. Retriever Prepare serves as an additional module to Retriever’s current mobile field worker management Barking Suite Solutions. End-user friendly and practical, specific features included: Appointment Management • User friendly web portal to manage customer appointment slots • Information about technician (including sub-contractors) availability and schedule coordination integrated into appointment management solution • Easier scrutiny of organizational compliance • Mobile Apps to allow easy input from field workers regarding availability and certification Job planning • Manage tasks requiring completion prior to job commencement (e.g. pre-scope inspections or parts order) • Management of job planning processes for improved productivity and higher quality outcomes • Track and record all pre-job task activities, access full audit history Retriever’s industry partner ISGM, a provider of integrated workforce management solutions and a co-author of Retriever Prepare, will deploy the new solution later this year for clients where it will deliver higher quality outcomes.  . “Current pre-planning processes can be costly and disjointed at a systems level. This new approach is holistic by enabling a seamless workflow from first customer touch to delivery and completion of the service,” said Jonathan Field, CEO of ISGM. “Retriever’s Prepare is another piece in solving the field service puzzle,” said Mary Brittain-White, CEO, Retriever Communications. “We are offering businesses a pre-planning automation solution that is configurable so technicians arrive at a customer or asset site, with the right equipment and armed with the information needed to finish the job the first time.” To learn more about Retriever visit http://retrievercommunications.com About Retriever Communications Retriever Communications has been providing field force automation technology internationally since 1996. Privately-held with corporate headquarters in Sydney, Australia and North American headquarters in Houston, Texas. Retriever’s wireless field solutions improve productivity and automate data collection processes for companies with field operations - operators to service companies in energy, petroleum, and utility industries. Retriever Communications is a Frost & Sullivan Entrepreneurial Company of the Year award winner in the category of Industrial Mobility and Gartner Field Service Management Magic Quadrant participant. About ISGMISGM is a leading Australian services company providing advisory and workforce management services through its strategy, systems and operations capabilities with annual turnover approaching A$500 million and a workforce of over 4,500 people. The business was founded in 2010 with the objective of establishing a better, more productive service delivery model for companies to engage their own or an outsourced workforce to deliver last mile services. New Heatstrip outdoor heater a world first 2016-04-05T00:01:51Z new-heatstrip-outdoor-heater-a-world-first After three years of product development, Thermofilm is set to launch Heatstrip® Elegance, the world’s first true outdoor-rated strip heater that is off-white rather than the traditional black. Available from May 2016, Heatstrip Elegance radiant heaters blend in seamlessly with most white ceilings in any al fresco, verandah and patio areas for both residential and commercial premises. Thermofilm, a world leader in electric heaters, worked with coating technology experts to develop a unique composition that has driven a new generation of outdoor heater. The Heatstrip makeover has extended to its effectiveness with a new heating element design that produces a more even temperature distribution and allows the energy efficient heater to operate at higher temperatures thereby providing greater comfort. The new heaters are also approximately 12 per cent shorter than the traditional black Heatstrip heaters and therefore take up less space. This shorter, more compact design has less surface area than others on the market and can help transform an al fresco area into a stylish, vibrant and sophisticated space with more effective heating comfort. New coating Greg Trezise, Thermofilm’s national sales manager, said it has taken years to get the right formula for the new coating of the Heatstrip heaters, which have to withstand constantly high surface temperatures. “There’s no other off-white outdoor heater in the world that does not discolour through the constant heat it produces. By virtue of the material composition, white is the hardest colour to operate at a high temperature and ensure it doesn’t lose its colour,” he said. Thermofilm’s R&D has extended to making the new off-white coating flexible so that it doesn’t crack. Other strip heaters on the market use traditional paint coating technology, which cracks at normal operating temperatures. Other highlights of the Heatstrip enhancements are equally innovative and market-leading, namely: With several several mounting options available, the Elegance series can be tailored to any space. The new bracket will allow both ceiling and wall mounting at various angles as well as suspension by chains, wires and metal rods for use with higher ceilings. All accessories and brackets are colour coordinated with the Heatstrip Elegance range. All three new models are IP55 rated, which means they are protected from water ingress from all directions. The 1800W and 2400W models come with convenient DIY installation while the 3600W model needs to be hard wired. Heatstrip Elegance strip heaters suit most white ceilings in any al fresco areas with ideal ceiling heights of 2.1 to 2.7 metres. They are corrosion protected so even suitable for seaside locations. In addition to trade outlets, Heatstrip heaters are available nationally from Bunnings as well as specialty outdoor living, electrical and heating stores. The RRPs are: 1800W-$699 (974mm length); 2400W-$799 (1204mm length) and 3600W-$899 (1804mm length). They come with a two year residential warranty and a one year commercial warranty. The 3600 watt model is the first true 3600W heater offered in the world in the electric radiant strip heater category. Details about the earlier models of Heatstrip can be seen here: www.heatstrip.com.au/ and more information about Thermofilm is available at www.thermofilm.com.au ends About Thermofilm: With more than 25 years manufacturing innovative, stylish and energy efficient products, Thermofilm Australia has supplied to residential, commercial and institutional markets both in Australia and around the world. The Thermofilm range includes the award-winning Heatstrip heaters, Bliss indoor and outdoor series, Envirotouch energy saving timer switches, and timer and thermostat controllers. In 2014, Thermofilm won the 2014 Manufacturer of the Year Award in the Victorian Government’s Manufacturing Hall of Fame awards and in 2013, the Heatstrip range was awarded the Australian Business Award for Product Value. Thermofilm will continue to maintain its position as a market leader in heating products by listening to its customers and focusing on continuous improvement and innovative product development. General enquiries to Tel: 03 9562 3455 Fax: 03 9548 3979 and info@thermofilm.com.au www.thermofilm.com.au Media enquiries: Issued on behalf of Thermofilm Australia, 17 Johnston Court, Dandenong South VIC 3175 by WMC Public Relations Pty Ltd. Contact Wendy McWilliams on 03 9803 2588 or Greg Trezise, National Sales Manager, Thermofilm Australia. Tel: 03 9562 3455. http://wmcpr.com.au/new-heatstrip-outdoor-heater-a-world-first/ Please contact Wendy to request the high res images you require. Sinoco Led Australasia Explain How To Choose Led Lighting 2016-03-31T02:38:33Z sinoco-led-australasia-explain-how-to-choose-led-lighting The process of selecting the correct light for an application can be a daunting experience.  Research suggests that 9 times out of 10 existing lights are either incorrectly sized or positioned, and the output does not effectively illuminate the work area.  Sinoco LED Australasia encounters this issue with their customers on a daily basis and their personalised service ensures that they are there to help improve their customers’ lighting by recommending the most appropriate light for their intended application. Sinoco LED Australasia encourage all of their customers to contact them directly to achieve the best and most cost effective lighting solution and they advise that when conducting their own research into LED lighting products they would like to advise people of a few very important issues to consider.  To begin with, people should be aware of their legal responsibilities. This is particularly important as many lights are not approved or meet the Australian standards and people have a legal responsibility as a purchaser to ensure that their lights comply with all relevant regulations or laws.  The team at Sinoco caution that people may be held legally responsible in the unfortunate circumstance of there being any associated damage or injuries related to their light purchase decision.  Sinoco LED Australasia has insured that their products are compliant with current legislation – both locally and internationally.  Sinoco LED lights comply with Australian regulations and have the Australian Standard of approval as well meeting necessary requirements for international standards. Next, they should consider the LED light Wattage.  By purchasing a cheaper higher Wattage light, it doesn’t mean they will save the most money.  The most significant saving will be long term on their power bill, not the initial installation cost.  Sinoco LED lights have the highest light output per watt that is currently available. Sinoco LED Lighting Australasia is on the ground and local and dedicated to ensuring their customers’ satisfaction with their products.  Sinoco LED Lighting prides itself on their excellent customer service and offers full technical and engineering support throughout Australasia. Sinoco LED Australasia has encountered many lights that fraudulently claim to be equivalent to other LED lights.  Sadly, buyers are frequently misled and unhappy to discover they have purchased an inferior product so the Sinoco team advise that people examine warranties, especially if they import directly from overseas.  Some of their customers have experienced competitors who will not honour their warranties for various reasons and others may not be helpful in the event of a claims process.  In the unlikely event of a warranty claim being required, Sinoco LED are more than happy to help and will work with their customers to ensure that the matter is resolved in a professional and timely manner.  For more information on Sinoco LED please visit the website at http://ledlighting-oz.com.au/ . Terrorism Impacts Global Supply Chain 2016-03-23T22:39:02Z terrorism-impacts-global-supply-chain Increased number of terrorism incidents contributed to major disruptions to international shipping in Europe and Middle East. In 2015, BSI noted a number of cross-border issues that threatened supply chains across the world. This included damages caused by cargo theft worth AUD$29.7 billion; increased number of terrorism incidents contributed to billions of dollars in losses to global shipping companies; an influx of migrants in Europe that harmed supply chain integrity across the continent; economic downturns in Argentina, Brazil, and China; and issues of political transparency that drove social unrest in Africa and Central America. Extreme weather events, including many attributed to the El Nino phenomenon, caused supply chain disruptions and threatened business continuity in multiple regions. There were also several industries that were plagued by poor enforcement of labour regulations, allowing for significant rates of child or forced labour in Argentina and India, among other nations. Nearly AUD$30 billion was lost due to cargo theft worldwide in 2015 from a variety of supply chain threats, predominantly driven by security concerns. South Africa has seen a 30 per cent increase in cargo truck hijackings over the last year, with thieves using high levels of violence and switching from targeting only high value goods to also targeting lower value items. Daring vehicle shipment thefts have become increasingly commonplace in China, with a recent series of in-transit vehicle thefts occurring along the busy G45 highway. More sophisticated attacks were observed in India throughout 2015, where criminal gangs masterminded new techniques to steal goods without breaking customs seals in order to avoid detection – a major risk for companies participating in international supply chain security programs. In Europe, disruptions in trade caused by the ISIS terrorist group clearly highlighted the link between terrorism and the supply chain. Border controls in France following the November attacks in Paris are estimated to have cost the Belgian shipping industry AUD$4.6 million. Terrorist-linked smuggling rings were also identified to be colluding between Spain and the Middle East, the groups illegally transporting shipments of stolen electronics, drugs, weapons and other contraband. Elsewhere, the Jordanian trucking industry suffered AUD$990 million in lost revenue since conflict began in the Middle East in 2011. In addition to theft, business continuity-related threats such as extreme weather events and political and social unrest, led to significant losses for individual companies and national economies last year. 2015’s top five natural disasters caused a collective $33 billion of damage to businesses. In 2016, BSI has identified emerging health crises, such as the Zika virus, could also pose a significant threat to the global supply chain and may lead to work stoppages and protests similar to the supply chain disruptions seen in conjunction with the Ebola epidemic. Labour unrest and factory strikes have also caused considerable financial damage across the world. Factory strikes in China increased by 58.3 per cent from the previous year due to pay disputes, as factory owners struggled to pay workers due to a slowing economy, leading to protests. The withholding of wages was cited as a major cause in 75 per cent of protests and generated losses of up to AUD$35 million in the footwear industry. Labour unrest is likely to continue in China in 2016, regardless of whether the economy improves. Numerous cases of child and forced labour were exposed in 2015, highlighting the need for visibility into corporate supply chain to mitigate the risk of human rights abuses. Nearly 80 per cent of Argentina’s textile industry was found to be sourcing from unregulated facilities, where forced, child labour and poor working conditions are common. BSI also noted an increase in the risk of child labour use in India due to the existence of loopholes in labour reforms approved in 2015. In response to these and other recent concerns, European countries and the United States last year moved to pass laws mandating reporting on corporate social responsibility issues in corporate supply chains.   Jim Yarbrough, Global Intelligence Program Manager at BSI commented: “Companies are facing an increasingly wide range of challenges to their supply chain, from human rights issues to acts of violent theft and natural disasters. Such complexity creates extreme levels of risk for organizations, both directly affecting the bottom line but perhaps more seriously, hidden threats to the supply chain which, if ignored, could do serious harm to a company’s hard-earned reputation.” The biggest threats to the global supply chain in 2016 include: Global cargo theft cost estimated to grow by a further AUD$1.3 billion in 2016. Increased concerns in China, Germany, India, Mexico, South Africa, and United States Continued tensions in South China Sea predicted to lead to further protests and disruptions On-going conflict in Syria will continue to impact supply chains Migrant crisis will continue to lead to port disruptions. European Union/Schengen border controls predicted to have far-reaching impact. ISIS is predicted to remain a significant threat to disrupt supply chains Labour unrest in China is predicted to persist, as a slowdown in the Chinese economy continues and more jobs move to neighbouring countries Weather disruptions e.g. La Nina phenomenon Global health crises e.g. Zika and Ebola The report is based on data from BSI’s Supply Chain Risk Exposure Evaluation Network (SCREEN), which provides continuous evaluation across 22 proprietary risk factors and 204 countries. BSI’s 2015 SCREEN data and analysis reveals a clear picture of the changing global threat landscape and how this varies by country, continent, and industry sector. To download a copy of BSI’s 2015 Global Supply Chain Intelligence Report, please click here.  - ENDS-   About BSI BSI (British Standards Institution) is the business standards company that equips businesses with the necessary solutions to turn standards of best practice into habits of excellence. Formed in 1901, BSI was the world’s first National Standards Body and a founding member of the International Organization for Standardization (ISO). Over a century later it continues to facilitate business improvement across the globe by helping its clients drive performance, manage risk and grow sustainably through the adoption of international management systems standards, many of which BSI originated. Renowned for its marks of excellence including the consumer recognized BSI Kitemark™, BSI’s influence spans multiple sectors including Aerospace, Automotive, Built Environment, Food, Healthcare and ICT. With 80,000 clients in 182 countries, BSI is an organization whose standards inspire excellence across the globe.  To learn more, please visit www.bsigroup.com/en-au   About BSI Supply Chain Solutions BSI Supply Chain Solutions is the leading global provider of supply chain intelligence, auditing services, audit compliance and risk management software solutions, and advisory services. Our mission is to help corporations, governments and associations identify, manage and mitigate global supply chain risks and maintain world class governance risk and compliance programs. Our holistic supply chain risk management suite is designed to predict and visualize risk, and develop robust risk mitigation and compliance management programs to protect your supply chain, brand and reputation. Our intelligence-infused supply chain solutions and global network empower our clients to understand global supply chain risk with unequaled precision. To learn more, please visit www.bsi-supplychainsolutions.com      Media enquiries: BSI Marketing Department                Tel: +61 2 8877 7131          Email: marketing.au@bsigroup.com Marc Barnes Managing Director - BSI Group Australia and NZ Tel: +61 2 8877 7100 Email: marc.barnes@bsigroup.com    Don’t bank on a pay rise in 2016 new report warns 2016-03-16T22:13:38Z don-t-bank-on-a-pay-rise-in-2016-new-report-warns Sydney, 17 March 2016: Despite consumer and business confidence trending up, most employers (79 per cent) do not plan to offer wage increases in 2016 and of the 21 per cent who will, the majority (57 per cent) will offer modest increases between 2 and 5 per cent, the 2016 Adecco Employment and Talent Report has found. Performance, local economic conditions and competition for talent (86 per cent) are the major influencers for employers considering wage rises while aligning wage rises with the Consumer Price Index (CPI) has lost favour with just (14 per cent) using it as a reason for increases. Nor is it surprising that employee disengagement is costing the national economy $54.8 billion annually with the report showing 76 per cent of Australian workers are in two minds about their jobs or worse still, are completely disengaged. “It is well documented that disengaged workers are less profitable, less loyal, less safe, less innovative and less likely to stay,” Lindsey Monroe Ruth, Head of Marketing at the Adecco Group Australia & New Zealand said. “This report clearly shows that employers need to address common pitfalls like lack of direction, relying too heavily on pay as a motivator, not recognising achievements or ignoring career progression and consider ways to enhance employee engagement. These could include articulating the organisation’s values, fostering behaviours that align with these values, showing gratitude, emphasising the positives and understanding what inspires their employees,” she added. The report also found that better opportunity (46 per cent) is the major reason employees leave an organisation, followed by salary (20 per cent) and lack of career (progression) 14 per cent. Flexible hours (43 per cent), and education and training (34 per cent) continue to be the key benefits while bonuses remain popular (20 per cent). And if you are young and unemployed you probably need to lower your salary expectations as 21 per cent of employers attribute youth unemployment to high salary expectations and 15 per cent to lack of experience. Moreover, with new generation, come new expectations. Work life balance (65 per cent), salary (54 per cent) and the opportunity to grow (51 per cent) seem to be the key motivators for candidates seeking a new role. “Tomorrow’s workplace will be very different to the workplace today. It will evolve into a mixed environment where workers can relax and play. We are already seeing the seeds of this change. Organisations such as KPMG and IBM have adopted activity-based workplaces that are designed to heightened transparency and creativity. Employers are turning their minds as to how best manage a multigenerational workforce and employees will continue to strive for better work/live balance,” Lindsey Monroe Ruth concluded. Ends/ More information on Adecco Group: www.adecco.com For further information, please contact: Lindsey Monroe Ruth, Head of Marketing Adecco Group Australia & New Zealand LindseyMonroe.Ruth@adecco.com.au or +61 425 203 033 OR Louise Nealon, Callidus PR louise@calliduspr.com or + 61 2 9283 4114 About the Adecco Group The Adecco Group, based in Zurich, Switzerland, is the world’s leading provider of HR solutions. With more than 32,000 FTE employees and around 5,100 branches in over 60 countries and territories around the world, Adecco Group offers a wide variety of services, connecting around 700,000 associates with our clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, career transition and talent development, as well as outsourcing and consulting. The Adecco Group is a Fortune Global 500 company. Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN). First company certified by BSI Australia to revised Quality Management standard 2016-03-09T00:56:27Z first-company-certified-by-bsi-australia-to-revised-quality-management-standard SYC is the first company to achieve certification to ISO 9001:2015 under independent assessment by BSI Australia. The standard, which was published in September 2015, has been updated to ensure that it continues to help organizations manage quality, reduce risk and ensure organizational resilience.Gordon Wilckens, Head of Quality, Compliance and Risk, SYC comments  “As a long-standing client, BSI has supported us throughout the transition, keeping us informed of changes and providing a wealth of information via various platforms in order to help our senior leadership team understand the benefits of this new standard.”SYC believes that certification to ISO 9001:2015, which has been created with service providers in mind, demonstrate their commitment to upholding the highest standard of governance and transparency in a highly competitive market.SYC is a not-for-profit organization, centred on employment, training and youth services. Last year, SYC helped more than 55,300 Australians in the areas of Home, Wellbeing, Learning and Working. With certification to the National Standards for Disability Services (NSDS) standard already in place SYC wanted to see if the new ISO 9001 version could be aligned to deliver efficiencies and streamline business operations. They were interested to see if the revised standard would reflect the needs of a service company more than previous versions.Marc Barnes, Managing Director at BSI Australia, commented: “SYC should be really proud of their achievement. Certification to ISO 9001:2015 helps organizations to prioritize their business needs whilst enabling them to their manage quality, improve efficiency and become more resilient.”ISO 9001, the most widely-adopted quality management systems standard, has benefited millions of organizations globally - with users reporting increased growth and productivity and significantly higher customer satisfaction and retention. Professionals in the construction sector and every-day Australians have a lot to lose from the proposed changes to negative gearing 2016-02-24T06:05:17Z professionals-in-the-construction-sector-and-every-day-australians-have-a-lot-to-lose-from-the-proposed-changes-to-negative-gearing 24/2/2016 - FOR IMMEDIATE RELEASE Professionals in the construction sector and every-day Australians have a lot to lose from the proposed changes to negative gearing With the federal budget set for release in May and the federal election set for the latter part of 2016, reducing the deficit is high on the agenda. With a raise in GST now off the agenda, proposed changes to tax depreciation schedules is currently being discussed in order to return to surplus. With tax depreciation often forming a large part of those working in the built environment and associated industries such as Quantity Surveying, proposed changes in legislation could have a high impact on industry and every-day Australians including: Construction Cost Managers; Building and Engineering Economists; Financial, Resource and Contractual Managers; Dispute Resolution Professionals; Quantification of Material and Labour Professionals; and Every-day Australian looking to invest or rent property. "The building and construction sector is currently playing a big role in re-balancing the Australian economy due to the retraction currently being experienced in the mining sector. With demand in Asia slowing and the cost of oil, mining and gas at significant lows, the building and construction sector is currently helping to stabilise Australia’s economy." The proposed changes could have a big impact on the demand for tax depreciation schedules that poses a risk of lower investment in infrastructure and construction by industry and could therefore limit the jobs available for every-day Australians. Every-day Australian’s will also be impacted by this change if implemented. Without investors being able to fund losses through negatively gearing their property, the average person may see a rise in rent; due to this increased cost no longer available to be offset through tax depreciation schedules. The current Government is considering a cap on deductions, which will include deductions on rental properties. If the Coalition wins and deductions are capped (the plan is to cap work related deductions and rental property deductions to a percentage of the taxpayer’s income), then there will also be a reduction in the need for tax depreciation schedules. If elected, Labor is promising to remove negative gearing from all purchased buildings (excluding new buildings) from 1 July 2017. Under the Labor model, if the interest costs, rates, management fees on the rental property washes out most or all the rent, a tax depreciation schedule is no longer required as deductions cannot go above rent - therefore it cannot be negatively geared. AIQS will be actively lobbying and liaising with both parties, in order to highlight the impact these policy positions will have on the Quantity Surveying profession. For more information, contact Lee Edmondson (AIQS Marketing & Communications Manager) on (02) 8234 4004 or ledmondson@aiqs.com.au. The Australian Institute of Quantity Surveyors (AIQS) The Australian Institute of Quantity Surveyors (AIQS) is the peak professional body for Quantity Surveying in Australia and Internationally, with over 4,000 Members. Through its leadership, Standards and Code of Professional Conduct, AIQS ensures that practising Quantity Surveyors are dedicated to maintaining the highest standards of professional excellence. The Institute is a national organisation with Chapters and Divisions in all States and Territories. It also has a strong overseas membership and is the Australian peak body to the International Cost Engineering Council (ICEC) and the Pacific Association of Quantity Surveyors (PAQS). A diverse range of professionals in the Building and Construction industry are part of the AIQS Institute, including high-level ‘decision makers’ at Director and Executive level, Business Owners and Managers, through to young cadets, students and graduates. Associated industries to Quantity Surveyors include; Cost Planners, Cost Estimators, Project Managers, Developers, Building and Professional Services. The Australian Institute of Quantity Surveyors (AIQS) Level 3, 70 Pitt St Sydney, NSW 2000 Australia (02) 8234 4000 www.aiqs.com.au