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Regional Impact of Federal Budget to be highlighted at Briefing

08-May-2015

Resource Industry Network and NAB are bringing two leading senior economists to Mackay to outline what the Federal Budget will mean for local businesses, what the economic outlook is and what the trends are for the resource sector specifically NAB Director and Senior Market Economist, Mr David de Garis, and Queensland Department of Natural Resources and Mines Chief Resource Economist, Mr David Rynne will each highlight the impacts of the Federal Budget on our region.

The NAB Federal Budget Briefing breakfast will take place on Friday, May 15th, at Ocean International Hotel. The briefing will follow the handing down of the budget by Federal Treasurer, Joe Hockey, on Tuesday May 12th.

Resource Industry Network Chairman, Tony Caruso, said the Federal Budget will affect everyone in the Mackay region and business and industry are not exempt from this.“This is an important information event that will give attendees a clear picture of what Mr Hockey’s budget will mean for our region, and for the whole country. It will also provide specific information on trends in the resources sector, which is highly relevant in an area so heavily geared towards that.

“Mr de Garis and Mr Rynne are both highly-credentialed economists who bring with them vast knowledge and experience of the economy,” Mr Caruso said.

Mr de Garis will specifically provide an overview of the key points of the 2015 Federal Budget, highlighting the impacts of the budget on our region and the forecast for us regionally, as well as nationally and globally.

Mr de Garis’s role at NAB is to keep his colleagues and clients up to speed with what is happening in the economy and financial markets. He speaks widely with NAB’s business client base across the country, conversations that give him unique and timely insights.

He is a key spokesman for NAB on the economy and markets with the financial media. He has previously worked for the Federal Government in the Prime Minister’s Department as a Senior Economic Adviser to then PM Bob Hawke.

Mr Rynne will discuss trends in production, price, investment, cost, employment and global competitiveness specifically related to the coal, metals and gas industries.

Mr Rynne and his team provide pro–active economic advice and public policy insight and analysis to grow the resources sector in an economically, environmentally and socially sustainable manner.

Prior to joint NRM in November 2014, Mr Rynne was the chief economist and Director of Infrastucture and Economics at the Queensland Resources Council. He has also worked with the Australian Chamber of Commerce and Industry and the Federal Department of Employment, Workplace Relations and Small Business.

Event Details: Friday, 15th May 2015, 6.45am – 9.00am, Ocean International, Bridge Road, Resource Industry Network member: $45.00: Non–Member: $65.00 

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