An alliance of nearly 30 groups representing Australia's small, medium and large businesses, universities, farmers, retailers, pharmacies and the investment community is calling for red-tape tape reduction, planning and major project approvals reform, an innovation agenda, and a process for productive tax reform that doesn't raise costs for consumers or businesses, ahead of the Economic Reform Roundtable.
The test for this Roundtable will be whether it lifts business investment across the economy to boost productivity and drive higher living standards for all Australians.
Investment is needed to deliver everything from faster home builds, through to breakthrough medical research and the energy transition.
Investment in our nation comes from confidence in doing business.
That's why this week must be about making it easier to do business in Australia - to benefit all Australians.
Together we are calling for;
- Reducing red tape by 25 per cent by 2030
- Improving planning and major project approvals
- Boosting investment and innovation
- Kickstarting productive tax reform that doesn't raise costs for consumers or businesses
These are areas that will improve business confidence and investment and raise living standards for all Australians.
We must avoid any moves that threaten confidence, including high taxes on business, which will only drive away the investment needed to boost Australian living standards and real wages.
Productivity means working smarter, with better processes, tools and skills, so Australians can spend more time on the things that matter.
This week's Economic Reform Roundtable is a valuable step towards tackling that challenge and our Joint Alliance of Industry Associations is united in our commitment to do our part.
Please find the Alliance's full submission to the Roundtable here.
This joint statement is on behalf of:
Australasian Convenience and Petroleum Marketers Association
Australian Airports Association
Australian Banking Association
Australian Chamber of Commerce and Industry
Australian Energy Council
Australian Energy Producers
Australian Industry Group
Australian Institute of Company Directors
Australian Investment Council
Australian Retailers Association
Australian Telecommunications Alliance
Australian Travel Industry Association
Business Council of Australia
Chartered Accountants Australia and New Zealand
Corporate Tax Association
Council of Small Business Organisations Australia
CPA Australia
Energy Networks Australia
Group of Eight
Insurance Council of Australia
Master Builders Australia
Minerals Council of Australia
National Farmers' Federation
National Retail Association
Planning Institute of Australia
Property Council of Australia
Tech Council of Australia
The Pharmacy Guild of Australia
Tourism and Transport Forum
Universities Australia
