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European Australian Business : 2008
tasmania Tasmania – A unique investment opportunity Tasmania is open for business and we would be delighted to hear about your investment proposal. Our island is rich in resources and en- joys political stability with bi-partisan support for development. We have modern, secure and efficient infrastructure and a highly skilled work force. With a strategic Asia-Pacific location, the lowest capital city office accom- modation costs in Australia and an enviable lifestyle, Tasmania presents a most attractive, and in many ways unique, investment proposition. It is not only the abundance of natural resources, but the innovation and resourcefulness of Tasmanians that makes our island a desirable choice for investment. Resourceful Tasmanian companies have developed remarkable inventions and innovations in response to the demand for world’s best practice. Tasmania’s innovation-based manu- facturing successes are represented in mining, forestry, ship building, ag- riculture and aquaculture. For investors, Tasmania has key com- petitive advantages over the rest of Australia including having: n Australia’s lowest direct labour costs including wages and payroll tax, n Australia’s best access to ports, n Australia’s lowest business licensing and planning costs, n Australia’s lowest level of industrial disputes, and n Australia’s 2nd - lowest level of tax. Tasmania has an abundant energy supply with the capacity to meet the needs of industry well into the 21st century. The statewide hydro-electricity grid has an installed capacity of more than 2,500 megawatts. Additional power generated by wind farms has not only added to our en- ergy capacity but has also helped place Tasmania at the forefront of renewable energy developments. Natural gas is now also available and 64