Queensland Australia Reasons to invest
Queensland AUSTRALIA Be art of our oortunity Trade & Investment Queensland Queensland offers investors endless oortunities across a range of sectors. These oortunities come from our unique combination of a resilient and diverse economy, ro-business government, solid growth forecast, highly skilled workforce and a strategic Asia-Pacific location. This unrivalled accessibility connects us to our Asian trade neighbours, established international markets and raidly develoing investment hot sots. Trade & Investment Queensland (TIQ) is the Queensland Government s dedicated global business agency with a charter to hel otential investors find and take advantage of the endless oortunities this great state offers. With its headquarters in Brisbane, TIQ has reresentation in 14 markets across the world and in key regional locations. What we do We understand the comlexities of investing and rovide the information required for you to make good investment decisions in a coordinated aroach that saves investors time and money. Our secialist investment team rovides a range of business and investment services to interstate and international investors including: detailed industry knowledge about business costs rearing business cases arranging site visits introductions to industry and service roviders government liaison market intelligence artnering with local councils, economic develoment agencies and rivate service roviders to identify investment ready rojects. TIQ also works closely with businesses and investors to maximise business and trade oortunities arising from international events like the G20 Leaders Summit and the Gold Coast 2018 Commonwealth GamesTM to ensure that Queensland s roducts and services are rominently showcased to the world. Getting started Contact our secialist team and make Queensland your oortunity for business, trade and investment. Our global network of Trade & Investment Commissioners and Regional Advisers have extensive knowledge of the Queensland investment environment and substantial exerience heling international investors invest in and work with comanies in Queensland. We look forward to assisting you in becoming a art of Queensland s enviable lifestyle, ro-business climate and economic success. Being ositioned on the north-eastern erimeter in a comatible time-zone with Asian countries and other international destinations makes the state a referred location for doing business during normal business hours with those in the same time-zone. Our honour board Queensland has attracted a diverse range of multi-national comanies from interstate and overseas, including: Antofagasta Adani Mining Alhaharm Arium Barrett Burtson Malting Comany Boeing Australia Boral Budget Direct Caterillar Cement Australia Clough Projects Cochlear Conymet Duratray CSR DHL Global Downer Rail EADS Australian Aerosace EGR Plastics Enerflex GE Mining Hatch Hitachi IBM Ilex Pielines Komatsu Ludowici Neean Newcrest Mining OHL Petrofac Primo Qantas Raytheon Australia Red Hat Right at home Rio Tinto Salini Sa Sanofi Schlumberger Seibe Gorman Smiths Snackfoods SNC Lavalin Vale Virgin Australia Visy Volvo Youi YOUR COMPANY HERE 2 Queensland AUSTRALIA Reasons to invest
How we work Raw materials and suly chain Transort and logistics Investors Identification of investmentready rojects TIQ Business case rearation Project facilitation and arranging site visits Making introductions to industry and services Government liaison and guidance State and federal government Research and develoment collaborations Real estate Skills and recruitment Regional councils Industry bodies Infrastructure and utilities All dollar values are AUD unless otherwise denoted. Queensland AUSTRALIA Reasons to invest 3
World s largest exorter of seaborne coal Oortunity to be art of something big Significant reserves of roven and robable CSG Home to 25% of Australia s aviation and aerosace businesses For more than 20 years, Queensland has led Australia s economic growth. Our internationally-renowned agriculture, construction, resources and tourism industries are comlemented by dynamic and growing knowledge intensive and enabling industries. These include: aviation, aerosace and defence EUROPEAN TIME ZONE ASEAN TIME ZONE AMERICAN TIME ZONE Euroean Markets Asia Pacific Markets North American Markets 6m Brisbane* - 7am London 12noon Brisbane* - 10am Tokyo food and agribusiness biotechnology digital economy advanced manufacturing and health and wellness. Queensland was highly resilient through a challenging eriod of global downturn. This is demonstrated by the state accounting for 19.3% of Australia s economic outut in 2012-13 and 18% of the nation s total international exorts over the same eriod1. Similar time zones Queensland offers fast access to national and international markets. Being ositioned on the north-eastern erimeter in a comatible time-zone with Asian countries and other international destinations makes the state a referred location for doing business during normal business hours with those in the same time-zone. Australia is also an ideal location for businesses with offices in Euroe and in the Americas, as its time-zone sans the close of business in the Americas and the oening of Euroe s trading day. This is beneficial, as information and action items forwarded to Australia from the Americas at the end of the working day arrives at the beginning of the Australian business day. It can then be acted on and forwarded to the Asia Pacific or Euroen oerations at the end of the Australian business day, where it arrives in time for the beginning of their working day. 1 Source: Queensland Treasury and Trade; State Accounts, Setember 2013. WORKING DAY << WORKING DAY << 9am Brisbane* - 5m New York WORKING DAY *Australian Eastern Summer Time Snashot of Queensland Caital city Brisbane Queensland time zone GMT +10:00 Climate Sub-troical Summer: 20 to 29 C Winter: 9 to 22 C Size Coastline: 6973 kilometres Total Area: 1.734 million km2 Poulation* Queensland: 4.64 million* Greater Brisbane: 2 million* Official language English Currency Australian dollars (AUD$) International airorts Brisbane, Cairns, Townsville, Gold Coast Source: *Australian Bureau of Statistics. Queensland s economic indicators Gross state roduct - to Setember 2013 $299.2b Queensland economic growth rate 2012-13 4.1% Australia economic growth rate 2012-13 2.7% Share of Australian gross domestic roduct (GDP) 19.3% Emloyment growth as at March 2014 1.7% Exorts of goods and services 2012-13 $53b Poulation growth as at Aril 2014 1.8% Unemloyment as at Aril 2014 6.1% Annual CPI inflation 2013 2.6% Source: Queensland Treasury and Trade; Australian Bureau of Statistics. 4 Queensland AUSTRALIA Reasons to invest
Oerating environment The business oerating environment in Queensland is also cost cometitive. Queensland offers many advantages to businesses looking to invest and/or establish a resence in the state: Gross state roduct by state 2001-02 to 2012-13 Australia* 3.0 lowest ayroll tax rate of in Australia economical commercial and industrial roerty costs Queensland 4.0 skilled workforce and access to world-class training low workers comensation remiums Victoria 2.6 ro-business government sohisticated transort and communications infrastructure strong rivate sector investment New South Wales 2.1 0 1 2 3 4 5 Average annual comound growth rate stable economic and olitical systems Source: Australian Bureau of Statistics. *Gross domestic roduct. enviable lifestyle. Strong economy Queensland s economy continues to erform strongly at both a national and international level, with its growth rate among the strongest in Australia. On average, annual growth in Queensland s economy outerformed the major advanced economies over the last 20 years, including the United States, the United Kingdom, Jaan, France, Germany, Italy and Canada 2. The state s reutation for excellence is comlemented by Australia s international reutation for resilience and foreign investor confidence. Australia is one of only four countries to be consistently rated as one of the 10 most resilient economies by the Institute for Management Develoment World Cometitiveness Yearbook. Resilience to economic cycles May 2013 Switzerland Germany Australia USA Jaan Canada Hong Kong China Mainland Singaore United Kingdom 0 1 2 3 4 5 6 7 Average resilience score Note: the higher the score the more resilient the economy to economic cycles. Source: Institute for Management Develoment 5.44 6.00 6.30 6.30 6.25 6.25 6.79 6.63 7.17 7.56 8 2 Source: Queensland Treasury and Trade; IMF World Economic Outlook 2014. Queensland AUSTRALIA Reasons to invest 5
Oortunity to invest Ease of doing business The World Bank s Doing Business 2013 Reort ranked Australia 10th overall out of 185 economies for ease of doing business and 2nd for ease of establishing a business - taking an average of just two days to start a business. Cost advantages Queensland s low business cost environment benefits from continual government regulatory reform creating an attractive investment environment. Benefits include: lowest rate of ayroll tax in Australia cometitive labour costs economical office rental costs cometitive utility costs. Tax benefits Queensland businesses or a grou of businesses ay the lowest ayroll tax in Australia at 4.75%. Furthermore, businesses or a grou of businesses are not required to ay this tax until their total Australian wages exceed the Queensland threshold of $1.1 million er annum. This threshold will increase from 2015 by $100,000 er annum until it reaches $1.6 million in 2019. The Queensland Government strives to maintain a cometitive tax environment for business; lower than the average of other Australian States and Territories. Australian ayroll tax rates Cometitive office rental costs $175b develoment and infrastructure rojects State Concession (er annum) Basic flat rate Queensland first $1,100,000 exemt 4.75% Victoria first $550,000 exemt 4.90% South Australia first $600,000 exemt 4.95% New South Wales first $750,000 exemt 5.45% Western Australia first $750,000 exemt 5.50% Northern Territory first $1,500,000 exemt 5.50% Tasmania first $1,250,000 exemt 6.10% Source: State and Territory Offices of State Revenue Brisbane, the caital city of Queensland, offers some of the most cometitively riced office sace nationally and internationally. Prime office occuancy costs Setember 2013 Brisbane 70.20 Mumbai, India 77.42 Perth 86.24 Seoul, Korea 97.22 Singaore 98.50 2013 33 30 25 Starting a business time 27 23 Sydney 104.39 Sao Paulo, Brazil New York, US 105.11 120.65 London, UK 142.71 Number of days 20 15 10 5 13 12 8 7 6 2 Tokyo, Jaan 154.67 Hong Kong $0 $50 $100 $150 $US/sq. ft./annum Note: Data reflects secific areas not the entire city. Source: CBRE Global Prime Office Occuancy Costs Dec 2013 $200 234.30 $250 0 China India Jaan United Kingdom OECD Chile South Korea United States Australia Source: The World Bank 6 Queensland AUSTRALIA Reasons to invest
Cost of living Queensland s many regional locations offer attractive strengths including lifestyle and cost benefits. Brisbane ranks as one of the most affordable cities to live in around Australia comared with Sydney, Canberra, Perth and Melbourne. Cost of living rankings 2013 Tokyo, Jaan 1 Zurich, Switzerland 2 Hong Kong, SAR 4 Sydney, Australia London, UK Oslo, Norway Singaore, Singaore 14 15 16 18 Coenhagen, Denmark Canberra, Australia 28 29 Melbourne, Australia 33 Perth, Australia 36 Brisbane, Australia 40 0 5 10 15 20 25 30 35 40 45 50 Ranking Note: Selected cities dislayed in grah. A higher score indicates greater affordability. Source: Xatulator Cost of Living Rankings Queensland is an ideal choice, it offers us a safe and stable business location with easy access to Asia Pacific markets. What you have is a combination of all the right factors for doing business. The state has a highly regarded aviation, aerosace and defence industry cluster with all the main layers in one lace. David Stilianos, General Manager, Sikorsky Helitech Queensland AUSTRALIA Reasons to invest 7
Industrysecific training institutions Industry gateway training in 30% of secondary schools World leaders in troical health, agribusiness and environment Oortunity to access skills Queensland is a good fit for Bechtel because of one of its less obvious exorts - its eole Queenslanders have historically demonstrated leadershi within Bechtel Australia and across Oceania, but are also in demand far from home. Andy Greig, Managing Director, Bechtel Queensland s workforce is highly skilled, motivated and emloyment-ready. Its diversity and flexibility gives otential investors a broad choice of skilled workers, due to world-class education and skills training institutions. The state s oulation is estimated to double to around 9.1 million eole by 2056 - making our workforce even bigger and better. The state s enviable lifestyle and low cost of living also hels comanies attract and retain skilled workers. Australia s oulation growth Setember 2013 Western Australia Victoria Queensland Northern Territory Australia Australian Caital Territory New South Wales South Australia Tasmania 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 Growth % Source: Australian Bureau of Statistics 8 Queensland AUSTRALIA Reasons to invest
Queensland exorts world-leading mine safety ractices and safety technology The state is a focal oint for defence R&D in technology, training and engineering World-leading, innovative horticultural industry Oortunity to innovate Brisbane was an obvious choice because of its roximity to major rojects, strong rotection of intellectual roerty and access to world-class engineering talent. Kyel Hodenfield, Vice President of Unconventional Resources, Schlumberger The Queensland Government invests heavily in knowledge-intensive industries, and suorts lans and services for long-term economic develoment. Australia has uniform national intellectual roerty (IP) laws that resect and rotect IP rights. IP legislation reflects international best ractice and Australian-based firms benefit from the most comrehensive rotection available. Australia s modern and effective IP regime ranks ahead of countries like Hong Kong, the United Kingdom, Jaan, China and France. Intellectual Proerty Protection (Intellectual Proerty rights are adequately enforced - score out of 10) China mainland 4.45 India 5.11 Korea 5.22 New Zealand 6.8 Hong Kong 6.98 Taiwan 7.08 Jaan 7.77 United Kingdom 7.78 France 7.92 Australia 7.93 0 1 2 3 4 5 6 7 8 9 Ratings Note: 1 = not adequately enforced, 10 = adequately enforced. Source: IMD World Cometitiveness Yearbook 2013 Queensland AUSTRALIA Reasons to invest 9
Transortation and logistics Rail Queensland s large and modern rail system has a global reutation for its innovative transort services and its strong safety record. In Queensland, there is close to 10,000 kms of railway, delivering reliable, environmentally sustainable and efficient freight and assenger services. Of this, 2000 kms is dedicated to an interconnected coal network, connecting 30 coal mines with six exort coal terminals via 470 services each week. Road Queensland has a modern and efficient urban and regional road network of around 177,000 kms. The Australian and Queensland Governments have committed significant funding to ugrade and maintain the state s highways, keeing this vital network running smoothly and reducing transit times. Develoing a network of ublic and rivate infrastructure Four international airorts; air links to 28 international and 42 domestic destinations Australia is on track to be the 2nd largest global LNG exorter Ports Queensland has an extensive network of 20 orts along its coastline, ranging from small community orts to coal exort terminals and a caital city multi-cargo ort. There are five ort authorities - comrising four Government-Owned Cororations and one rivate comany. Each authority has a board of directors and oerates as a commercial entity. They are: 1. North Queensland Bulk Ports Cororation 2. Port of Townsville Limited 3. Gladstone Port Cororation 4. Ports North 5. Port of Brisbane Pty Ltd. Air networks In 2012-13, the total throughut of Queensland orts was 286MT Brisbane is one of the largest multi-commodity orts on the eastern seaboard Queensland has 20 strategically-located major and regional airorts and is the only state with four recognised international airorts. Brisbane is a major hub for international air services. Passengers can fly direct from Brisbane to 28 international and 42 domestic destinations. 10 Queensland AUSTRALIA Reasons to invest
Queensland s transort infrastructure Key State Controlled Roads State Rail Network Major Intermodal Terminals Proosed gas ieline o Gas Pieline International Airort Bundaberg Hervey Bay Maryborough Domestic Airort Trading Ports Weia Gymie Kingaroy o Sunshine Coast Cae Flattery Toowoomba Brisbane Archerfield Amberley o Brisbane Multimodal Terminal Acacia Ridge Terminal o Karumba Normanton o Cairns Mourilyan Warwick Gold Coast Lucinda Townsville Charters Towers Bowen Abbot Point Mount Isa Cloncurry Hughenden Mackay Hay Point Winton Moranbah Longreach Barcaldine Alha Emerald Rockhamton Port Alma Gladstone Bundaberg Charleville Quilie Roma Wandoan Miles Gymie Cunnamulla Maryborough Goondiwindi Toowoomba Warwick o o o Brisbane 0 75 150 300 Kilometres Queensland AUSTRALIA Reasons to invest 11
Enviable lifestyle oortunity Queensland offers a multicultural, friendly and active lifestyle. Some of our biggest selling oints are: safe, secure, family-oriented communities that attract and retain talented emloyees a sub-troical climate with an average of 300 days of sunshine a year 5 world-renowned beaches, national arks, rainforests and troical reefs, established ublic health and education systems. Australia s quality of life rates highly on the world scale, exceeding that of the United States, the United Kingdom and many of our Asia-Pacific cometitors. Quality of life 2013 Australia Germany New Zealand France Jaan United States 9.43 9.15 8.72 8.54 8.4 8.39 Malaysia United Kingdom Taiwan 7.14 7.82 7.56 Hong Kong 6.54 Korea 5.83 0 1 2 3 4 5 6 7 8 9 10 Ratings Note: Higher score equals better quality of life Source: IMD World Cometitiveness Handbook 2013 5 Source: Tourism and Events Queensland 12 Queensland AUSTRALIA Reasons to invest
Pro-business oortunities Queensland s growing and resilient economy, suortive ro-business government, oen trade networks and strategic Asia-Pacific location rovide a world-class environment for comanies to design, build, finance, own, maintain and oerate major rojects and investments. The Queensland Government is develoing its key sectors of food/agriculture, construction and infrastructure, natural resources and tourism. It is cutting regulatory red tae and costs, and streamlining rocesses to retain its cometitive investment edge and assist business in their success. Comlementing the key sectors are strong suly chains, rofessional services, enabling technologies and R&D foundations offering advanced caabilities. As a result we are attracting investors in: aviation, aerosace and defence food, nutrition and wellness bio-based roducts and fuels new-generation clean technologies digital economy. Natural resources Queensland is a highly rosective exloration and oerational destination, endowed with diverse reserves of mineral, rare earth elements, etroleum and gas. Its base metals sector is widely recognised for its world-class endowment, with more than 100 mines in oeration. Queensland continues to be a dominant source of natural resources investment in Australia and the Asia-Pacific, accounting for 25% of natural resources derived business in Australia. In 2013, the resources sector achieved record sales of $9.4 billion dollars of commodities and directly contributed $38 billion to the Queensland economy. In the suly services sub-sector, investment oortunities exist at differing degrees across the engineering, rocurement and construction services, deending on the roject. Oortunities can also exist in the hard and soft infrastructure (e.g. ower/gas utilises, delivery ielines, housing/social infrastructure) needed to facilitate major rojects. We are actively attracting investment rojects in the areas of unconventional oil and gas, coal, rare earth minerals, alternative energy and equiment, and suly chain technologies. Resources and energy rojects in Queensland 6 Queensland Aril 2014 (number) Aril 2014 (value $M) Publicly announced 18 23,141 26,391+ Feasibility stage 57 74,135 Committed 16 75,312 Comleted 4 2,709 6 Source: Resources and energy major rojects Aril 2014 Queensland AUSTRALIA Reasons to invest 13
Construction and infrastructure The sector includes construction services, heavy and civil engineering and building. Engineering construction activity boomed to almost $40 billion in 2013. This includes roads, rail, bridges, tunnels, airorts, orts, utilities, water and other major infrastructure. Queensland is exeriencing growing demand for new and renewed social infrastructure including health and education infrastructure. At the December quarter 2013, the total value of known major investment rojects under construction in Queensland was around $100 billion, while a further $88 billion worth of investment rojects were either committed to or under consideration 7. Queensland currently accounts for around 31% of all civil construction in Australia. 8 The Queensland and Australian Governments welcome foreign investment and are looking to overseas firms to hel finance, develo, oerate and rea the rewards from major infrastructure rojects. Major infrastructure rojects Major infrastructure rojects seeking multi-billion dollar rivate sector investment include (but are not limited to): BaT Project (Brisbane underground bus and train tunnel) $5 billion Bruce Highway ugrade Queensland Transort roosed major works Toowoomba Range Second Crossing ($1.7 billion) and Projects Queensland rojects rail oortunities: - Southern Freight Rail Corridor - Alha Coal Mine and Rail Project - Carmichael Coal Mine and - Surat Basin Rail Project. Port oortunities, including the Port of Abbot Point, major tourism infrastructure rojects including Queens Wharf Brisbane and integrated resort develoments throughout Queensland. Value of construction work done in 2013 60,000 50,000 23 40,000 $M 30,000 20,000 12 10,000 ACT 0 NSW Vic Qld SA WA Tas NT Engineering Building Source: ABS Construction Work Done, Australia, Preliminary Cat No. 8755.0. Figures in current rices. 7 Source: December quarter 2013 Investment Monitor, Deloitte Access Economics. 8 Source: IBISWorld. 14 Queensland AUSTRALIA Reasons to invest
Komatsu made the decision to invest in Queensland to meet the growing needs of customers in the Australian marketlace. Sean Taylor, Managing Director, Komatsu Australia Limited Life sciences is the study of living organisms like biology, botany, zoology, microbiology, hysiology and biochemistry Life Sciences Queensland s life sciences sector is globally cometitive. The sector can meet international challenges and deliver investment oortunities for organisations that want to commercialise new biomedical, biotechnology, harmaceutical and comlementary medicine services. Queensland is witnessing the emergence of a vibrant and connected life sciences hub made u of biotechnology comanies and related research institutes. This hub offers investors a strong commercially-focused research and infrastructure environment, a suite of collaboration/joint-venture artnershi oortunities and a strategic location to service the Asia-Pacific. It recognises the imortance of the life sciences sector in resonding to the growing demand for health and wellbeing around the world, esecially in the Asia-Pacific region. The government has resonded by introducing strategic initiatives to suort and encourage investment in science and technology, cutting-edge infrastructure and collaborative artnershis between research and industry. Tourism Tourism is an integral art of the Queensland economy and contributed $10.93 billion directly to Queensland s economy in 2012-13 9. Queensland offers an excetional environment for business, sort and culture. It is not surrising that Queensland was selected to host major events such as the 2014 G20 Leaders Summit and the Gold Coast 2018 Commonwealth Games. Food and agriculture Queensland has the largest area of agricultural land of any Australian state and the highest roortion of land area in the country dedicated to agriculture. Agriculture, fisheries and forestry contributed aroximately $14.86 billion in roduction and rocessing to Queensland s economy in 2013-14. The sector includes more than 1400 rocessing comanies. 10 We are actively attracting roduction, rocessing, ackaging and agricultural infrastructure investment rojects. This will drive investment oortunities in: food and agriculture - R&D with universities, government and secialised comanies meat and livestock - investment in roduction, suly, feedlots and rocessing horticulture - fruits, nuts and vegetables, and oortunities to exand roduction facilities cros - sugarcane, cotton farms and rocessing facilities seafood - including farming and first-stage rocessing and technologies. Queensland rovides an ideal location for value-added oerations in food and agribusiness, with a suortive business culture, access to raw materials and sites close to major transort. 9 Source: Tourism and Events Queensland - Tourism facts and figures Dec 2013 10 Source: Agtmonds 2013-14 Queensland AUSTRALIA Reasons to invest 15
Trade & Investment Queensland s global network With reresentation worldwide, Trade & Investment Queensland has a dedicated team of exerts to hel you exlore global business oortunities. Contact us +61 7 3514 3094 tiq.qld.gov.au investment@tiq.qld.gov.au Facebook f Logo CMYK /.es Facebook f Logo CMYK /.es facebook.com/tradeandinvestmentqld This information ack is rovided by the State of Queensland as an information source only. The State of Queensland makes no statements, reresentations, or warranties about the accuracy or comleteness of the resentations. Attendees should make their own enquiries as to all and any matters contained in the resented material and the aroriateness and suitability of any investment to your articular circumstances. TIQ-758-14 @tradeinvestqld #tiq