By Michael KriegerPublished May 09, 2018 05:45:24It’s the biggest shift in Australian business in a decade.
The Australian Government is introducing a $US100 billion laundry industry, bringing to $US1 billion the total volume of laundries in Australia, and doubling the size of the industry.
The government said the new industry, which will see about 200,000 new jobs created, will be one of the fastest-growing industries in Australia.
Key points:Laundry is one of Australia’s fastest growing industriesThe industry employs more than 7,000 peopleThe government is expected to increase the number of launderers in the country from 30,000 to 80,000, creating a massive marketThis will also be the largest change in Australian policy on the laundry industry in almost a decade, according to the Australian Government.
Laundries will now be able to use the same technology as commercial businesses to make laundry, and will be able sell to a wider audience.
“The change is an enormous change in the way people move their laundry and it is a significant change in terms of the retail industry, because they will now have the same level of technology and the same customer base as businesses,” Australian Government Minister for the Environment Greg Hunt said.
“So it will make it easier for businesses to move their businesses, to invest in new technology, to grow and to attract new customers.”
The government expects the new laundry industry to generate $US400 billion in annual sales by 2025, and $US50 billion in additional revenue by 2023.
The new industry will include companies like Australia’s largest laundry company, Conexus, which has around 500 employees, and Aussie Fresh, which is owned by Australian National Limited.
The laundries will be owned by the Australian Laundry and Washing (ALW) group, which currently operates on behalf of the Australian Retail Council, which manages the supply chain for the laundry market.
The laundry industry is already an established part of the local economy, with more than 700,000 washing machines, and more than 2.3 million people using them.
“Laundriety is one thing that people like to do.
It is a great amenity and it creates jobs, which are good for businesses and good for our economy,” Mr Hunt said, speaking on ABC radio on Wednesday.
The changes are part of a sweeping overhaul of the supply and supply chain of the laundry sector.
The industry has been a long-standing target of the Liberal Party, which first announced its plans for the industry in 2015.
Labor had promised to scrap the laundry tax, which was originally introduced by the Labor government, but the Liberal Government has since made a series of changes to address the concerns of some of its supporters.
Under the Liberal National Government, the Government is expected in 2018 to announce the introduction of a laundry tax of 20 per cent.
The Liberal Party’s plan has been called a “coup de grâce” by many retailers, with a laundry supply chain that includes a laundry industry expected to account for about $US300 billion of Australia-wide exports by 2025.
The Liberal Party said the change in supply and demand for the sector would be a key factor in its election promise.
“Labor’s plan to abolish the laundry excise tax is a political game, but we are taking a real risk in making it happen,” the party said in a statement.
“By eliminating the laundry duty, we will be delivering a massive windfall for our local communities.
We are confident we can meet the demand for our products, but also get on with making the industry better for everyone.”