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ALABC's monthly newsletter, "Latam News," keeps members and supporters abreast of developments taking place in the Latin American markets. Locked articles can be read by paid ALABC members, including Individual, SME, Corporate and Patron.
LATAM News September 2013
03
In September's LATAM News: Macquarie’s Mexican retail investment                     Origin secures environmental approval in Chile       Glencore/SKM given environmental award               OZ Minerals making headway in C... Sign-in to read

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UQ - Latin American Colloquium - 31 October 2013 - Brisbane



THURSDAY 31 OCTOBER

1:15 pm for 1:45pm to 5:30pm

Auditorium, Level 2, Sir Llew Edwards Building (#14), Cnr University Drive & Campbell Road UQ St Lucia

This year’s theme – Australia-Latin America relations: How so we shape the future? – is an open invitation to engage in lively debate on the future vision of Australia-Latin America relations.

What will the future of Australia-Latin America relations be like in 2020? What are the priorities of the region and Australia? Where are the emerging opportunities? How do we diversify the relationship? What barriers need to be overcome? How do we move to the next level?

Please join us in this opportunity to look forward, exchange reflections and build the future of Australia-Latin America relations.

    Distinguished speakers include:

    • Latin American Heads of Mission
    • Mr Richard Neumann, Director, South America and COALAR Section, DFAT
    • Mr Charlie Sartain, Senate member, The University of Queensland
    • Mr Jose Blanco, Chairman, Australia-Latin America Business Council (ALABC)
    • Prof Jeff Jones, MD; CEO, Collaboration Hub and Professor Interaction Design, Queensland University of Technology

For more information and to register for the UQ Latin American Colloquium 2013 and obtain information on associated events at 

www.uq.edu.au/international/colloquium

Supported by UQ, Trade and Investment Queensland, the Latin American Ambassador network, The Council on Australia Latin America Relations (COALAR), the Australia-Latin America Business Council (ALABC), Australia-Brazil Chamber of Commerce (ABCC) and key industry leaders.


Article attachments


20

Chilean tax - Individuals are now required to report their foreign trusts participation

As per the Chilean Tax Authority's (SII) Resolucion 81 dated 10 September 2013, a disclosure report needs to be submitted with SII by 30 June [of the next year] with details in respect of their participation on trusts established overseas.

Under this new instruction, individuals that according to the Chilean Income Tax Law are subject to Chilean taxes on their worldwide income and foreigners who are domiciled/residents of Chile must report to the SII specific information related to the trust through a sworn statement, where these individuals are either a trustee or a director of a foreign trust.

Even though non-Chilean nationals with less than three years in Chile are not required to pay income tax on their foreign-sourced income, as per this SII instructive it seems that they will be still required to declare such participation on the trust, even though this may not result in any Chilean tax liability.

Penalties apply if these declarations are not submitted on time.

For further information, please refer to the SII website (information only available in Spanish)


http://www.sii.cl/documentos/resoluciones/2013/reso81.pdf

For further details, please contact: Nicolas Soza from PwC at Nicolas.soza.zamora@au.pwc.com



13

'Team Defence Australia’ a hit at the Latin American Aerospace and Defence Expo

LATAM NEWS AUGUST 2013

‘Team Defence Australia’ a hit at the Latin American Aerospace and Defence Expo

Australian companies kicked goals at the Latin American Aerospace and Defence (LAAD) Expo in Rio de Janeiro, Brazil, from 7 to 13 April 2013.

The Team Defence Australia (TDA) stand, organised by the Defence Materiel Organisation’s Australian Military Sales Office, and led by Team Leader Major General Mick Fairweather and Team Manager Virginia Francken, showcased the products and services of 16 Australian companies at LAAD.   Most of these companies also participated in the associated trade mission to Chile and Colombia where the companies had the opportunity to meet with these countries’ defence forces and military state -owned enterprises.

Aluminium Boats Australia (ABA) attended the expo, as well as the trade mission to Chile and Colombia and Tommy Ericson, the company’s General Manager, said that as a result of the mission, ABA was invited to provide design and shipbuilding support t o defence and related industries in all three countries with a potential work value of around $20m.

“The local shipyards have wide experience and connections with defence work and as such have the potential to provide further inroads for ABA not only in country but also across the greater Latin American market.  ABA is confident in future work resulting from this Latin American Mission in relation to custom designed and built military and commercial vessels and marine infrastructure,” said Ericson.

Global defence prime contractor Austal praised the support given  by  the  Australian Military  Sales Office staff  during LAAD.    “Austal was  delighted with  their professional attitude, attention to detail and most importantly their desire to make sure all Australian companies participating got out as much from the trade show and trade mission as possible.

“A great team spirit between the Australian companies developed, with everyone looking out for one another and making sure all potential customers visiting the stand were introduced to a potential supplier or partner,” said Austal Regional Sales Manager Guy Johnston.

Austal  recently  delivered  the  first  Cape  Class  Patrol

Boat to the Australian Customs and Border Protection Service and is confident that there is a large accessible market for this and other Austal vessels in the developing markets of Central and South America.  The leads and contacts developed at the show, particularly with Brazil, Uruguay, Mexico, Chile and Colombia, will hopefully result in valuable business outcomes in the 1-2 year timeframe. Mal Fraser-Clay, Managing Director of Zone Advanced Protection Systems Australia said that without the TDA delegation, sourcing in-country channel partners specific to the defence industry would not have occurred.

“Understanding  the  legal, accounting,  logistic  and channel distribution issues within each country was invaluable and came about as a result of being invited on this delegation ,” said Fraser-Clay. Australian Ambassador to Brazil HE Brett Hackett also hosted a reception at the TDA stand, providing more opportunities for Australian companies to meet potential customers.

The Expo brought together international companies specialising in supplying equipment, services and technology to the defence industry.  The biennial Expo is the largest defence and security trade fair in Latin America. This year LAAD attracted over 720 exhibitors, 30,000 visitors and delegations from 65 countries.


13

LATAM News Aug 2013 Chairman's Message

LATAM NEWS AUGUST 2013 - JOSE BLANCO

Chairman’s Message

The Sydney Annual Dinner that was held on August 22 showcased many of the elements that underpin the growth in Australia’s engagement with Latin America. Apart from attracting a full house, it was also significant for the composition of the audience, both in terms of the institutions that were represented and the levels at which they were represented.

Amongst the highlights were the fact that the Dinner brought together representatives from business, sport, tourism and education, and from many of the key stakeholders in the relationship with Latin America, including Austrade, the Council on Australia Latin America Relations, the Department of Foreign Affairs and Trade, several of the Latin American heads of mission, and representatives of the bilateral Australia-Mexico and Australia-Peru chambers of commerce, amongst others.

The involvement of such a high profile figure as the chief executive of the ANZ Bank, Mike Smith, and of senior business leaders from other major companies such as Glencore and Arrium, to name a few, only enhanced the celebratory nature and networking benefits of the event.

The involvement of Mr Smith was also important because of the key message that he gave, namely, that Latin America is relevan t to Australia and that engagement with the region is not at odds with Australia’s commitment to furthering its ties with Asia. Australia’s focus on Asia does not have to mean the by-passing of Latin America. On the contrary, there are opportunities for Australia arising from the fast-growing links between Asia and Latin America.

Taking advantage of those opportunities and of the ones directly on offer to Australian business in Latin America requires a great deal of work and a coordinated effort by all interested parties. We can be pleased with the progress that has been made, but we cannot afford to be complacent or to relax in the face of what remains to be done and the competition that is coming from oth er countries and companies that are also focused on engaging with Latin America.

For its part, this Council is committed to lifting its game and to doing all that it can to contribute to the goal of strengthening Australia’s commercial and overall relationship with Latin America. In 2014 we will celebrate the 25th anniversary of our founding and we propose to make it a year of celebration and achievement.

We cannot achieve the goal working alone and therefore, more than ever, we will look to engage with our allies and our member s to ensure that action is taken that brings us closer to growing the relationship. With this in mind we have created the ‘Patron Member’ category of membership for those companies and institutions that are most committed to Latin America and to what this Council stands for. Members who elect to participate in this category of membership will become the flag bearers for the Council and in doing so will be sending a clear message as to the importance that the Latin American region has to them and t he commitment that they have to the region.

The number of Australian companies doing business in Latin America has grown significantly over the past decade, but many of them continue to fly under the radar and do not participate in the Council. Our goal is to convince them to join with us so that, together, we can accelerate the expansion of the relationship that Australia has with the region. The benefits of doing so go far beyond the fulfilment of good corporate social responsibility considerations. They will include increased exports, greater investment diversification (both outbound and inbound), lower sovereign risk by reducing Australia’s dependence on any single market or region, enhanced market access through improved relations and lower regulatory barriers, and access to a market of over 500 million consumers.

Australia’s future lies in utilising its resources, both physical and human, to their full potential, and in working both har d and smart. Latin America’s population, its capacity for growth, its broadening points of engagement with Australia in a constantly more connected global arena and its interaction with many of Australia’s more priority markets, means that it is relevant to Australia and that we therefore need to develop a coordinated strategy to embrace it. We urgently need the equivalent of a
‘White Paper’ and why and how to go about deepening our relationship with the region.

That and much more will be the focus of our Council’s work in coming years. As we draw closer to 2014, our planning will be focused on celebrating our achievements and on identifying the action that must be undertaken and the strategy that we need to follow to make it a reality. We invite you all to join with us on this important challenge. United, we can make a difference.

Jose Blanco
Chairman


12

Argentinian Hockey team to Play International Super Series Hockey 9's in Perth


Have you heard 2013 International Super Series is back on in Perth? The tournament will be taking place at Perth Hockey Stadium from October 17-20, 2013.


The International Super Series Hockey 9s is a whole new hockey experience. it's the perfect day out with family and friends. Whether you're a regular hockey player or fan, or you're looking for something new to do, the International Super Series Hockey 9s has something for everyone. 

 There have been a number of adaptations to the format and rules of hockey to help make Hockey 9s even more exciting, easier to understand and a better overall experience for the spectator.  The major differences to 'normal' hockey are:

  • Teams comprise nine players, instead of 11
  • Matches last just 40 minutes (two periods of 20 minutes), as opposed to 70 minutes
  • The goals are one meter wider - a nightmare for the goalkeepers but great for the fan who wants more goals!
  • Fewer rules means it's easier to understand what is going on, even if you're not a regular hockey watcher

The competing Teams are Australia, Argentina, Canada, Pakistan & Malaysia. 

As a special offer Hockey Australia would like to offer a 10% discount on General Admission price to your members when purchased as a group booking of 10 or more! Tickets are on sale now!

Adult GA:  Thursday 17th- Saturday 19th - $18 per ticket/per day (full price $20)

Adult GA: Sunday 20th - $22.50 (full price $25)

Junior and Concession GA: Thursday 17th- Sunday 20th - $9 per ticket/per day (full price $10)


To make your bookings please contact Ticketmaster Groups:


 Phone:                                1300 889 278

Email:                    groups@ticketmaster.com.au

Password:           2013ISSCommunity


Purchasing through the groups department will allow you secure your tickets now and provide a single payment at a later date. Allowing you time to collect monies from your members and more payment options.


To assist you in promoting the offer please find included a sign-up sheet to help you collect everyone’s ticket requirements and a poster for you to print and advertise.


For more information on the tournament including participating teams please head to the website – hockey9s.hockey.org.au.


Please be aware tickets will not be released until payment has been received.


Tickets will not be available for collection at the gate


10

Proposed Merger of SKM and Jacobs

From The Sinclair Knight Merz Magazine Press Release 9 September 2013.

Sinclair Knight Merz (SKM) and Jacobs today announced they have signed an agreement to merge their two businesses, to be effected by Jacobs acquiring SKM. The SKM Board of Directors believes that the Merger Proposal is in the best interests of SKM Shareholders and unanimously recommends that SKM Shareholders vote in favour of the proposal subject to an independent expert concluding that the Merger Proposal is in the best interests of SKM Shareholders and in the absence of a superior proposal.

The Merger Proposal is subject to the satisfaction of certain conditions, including Court and SKM Shareholder approval. The Merger Proposal with Jacobs is the culmination of a thorough process, including detailed interactions between the two companies to ensure a strong fit and alignment between the two organisations. It follows a detailed review by SKM of the strategic options available to SKM in order to best position the group to achieve its long-term vision and objectives.

SKM’s CEO and Managing Director, Santo Rizzuto, welcomed today’s announcement.

“This is an exciting opportunity. It uniquely positions us amongst our global peers and opens the way for us to achieve even greater things in the future. It adds scale, diversification and growth opportunities to our business.

"We believe that this will significantly strengthen our market position and that this is an outstanding proposition for our clients and our people."

Jacobs’ President, and CEO, Craig Martin, said that the combination is a unique fit that strongly delivers on the Company’s strategic ambitions.

"SKM’s culture, values, and operating philosophy are very compatible with ours, making our companies an excellent fit for one another.

"Our capabilities and geographies have little overlap, enabling us together to continue to expand our client relationships and provide significant opportunities for our employees. We are enthusiastic about the potential.”

Progresses Group Strategy

In 2009, SKM articulated its long-term vision for the next decade and beyond in a dynamic and increasingly global business environment. SKM's vision involved a broadening of its business across geographies, sectors and skills in order to improve its offering to its clients and provide greater opportunity for its people.

A combination with Jacobs provides an opportunity to allow SKM to achieve its vision as part of a company that shares the same values and beliefs. Key benefits include:

  • A complementary geographic presence and skill base which is expected to enhance SKM’s offering to clients.
  • New opportunities for employees as part of a global organisation with a broad range of practice areas and global clients
  • Immediate and long-term growth opportunities through complementary geographies and capabilities
  • Financial strength of the combined business provides enhanced ability to facilitate organic and acquisitive growth
Other Information

The Merger Proposal will be implemented by way of two separate but inter-conditional Schemes of Arrangement between SKM and its shareholders, which (subject to Court approval) will be voted upon by SKM shareholders at meetings expected to be held in November - December 2013.

Independent Expert, Lonergan Edwards & Associates Limited, has been appointed by the Board of SKM to determine if the Merger Proposal is in the best interests of SKM shareholders.

A further announcement is expected following the planned SKM shareholder votes. 

LATAM News August 2013
04
This month's LATAM news covers topics such as: Aussie start-ups score support in Chile Westfield explores options in Brazil Australian firm wins canal contract in Nicaragua Australian universities score high ratings Team Defence Australia a hit in Latin America QBE’s Latin American operations thriving Mini... Sign-in to read

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