Investment Attraction Agency

In reply to Mr PENGILLY (Finniss) (15 November 2016).

The Hon. M.L.J. HAMILTON-SMITH (Waite—Minister for Investment and Trade, Minister for Small Business, Minister for Defence Industries, Minister for Veterans' Affairs):

Investment Attraction South Australia (IASA) was established as a lead body within government for all major foreign investment attraction activity, with a focus on securing new inward investment into the state that delivers new and ongoing employment, as well as economic transformation. This includes attracting new Australian based companies and major projects to invest or re-invest in South Australia.

Australian Global Wine Services, in conjunction with Red Capital Pty Ltd, announced plans in early 2016 to construct a bottling, storage and container facility at Port Adelaide, which will cater predominately to the wine industry. This $55m venture will create up to 70 new jobs plus 170 construction jobs. A facility of this kind can and will have an across-the-board effect and induce follow-on job creation within the wine industry. The facility will increase bottling capacity and efficiencies within the South Australian export and domestic wine sector.

IASA worked closely with a range of government departments in support of the project, in particular with Renewal SA on the sale of the land. It also assisted with new labour requirements, and facilitated approvals processes for development permits.

IASA was created by consolidating resources across government that were allocated for investment attraction. Funding for IASA FTEs was provided from various agencies, including the Department of State Development and Primary Industries and Regions SA. On establishment, 26 staff transferred from the departments.