People interested in the workings of Australian capital gains tax may be interested to hear the state of Victoria has secured a new $2 million contract with businesses from Beijing, China.
Earlier this week, Australian Premier Ted Baillieu witnessed the signing of a number of long-term contracts between Qenos and suppliers ExxonMobil Australia and BHP Billiton to supply petrol to the Qenos Altona plant.
He said: "This is a major commitment in Victoria between three companies which have developed a strong long-term relationship that brings together the competitive advantages of our petroleum and manufacturing industries."
The $195 million plant redevelopment will create some 250 construction jobs in the state and Mr Baillieu explained Qenos looks set to benefit from a "highly skilled and educated workforce".
Recent research undertaken by property services firm CB Richard Ellis revealed some $2.15 billion of commercial real estate in Australia was snapped up by overseas investors during the first nine months of 2011, accounting for a third of all commercial property transactions in the country during this period.
Earlier this week, Australian Premier Ted Baillieu witnessed the signing of a number of long-term contracts between Qenos and suppliers ExxonMobil Australia and BHP Billiton to supply petrol to the Qenos Altona plant.
He said: "This is a major commitment in Victoria between three companies which have developed a strong long-term relationship that brings together the competitive advantages of our petroleum and manufacturing industries."
The $195 million plant redevelopment will create some 250 construction jobs in the state and Mr Baillieu explained Qenos looks set to benefit from a "highly skilled and educated workforce".
Recent research undertaken by property services firm CB Richard Ellis revealed some $2.15 billion of commercial real estate in Australia was snapped up by overseas investors during the first nine months of 2011, accounting for a third of all commercial property transactions in the country during this period.
