Despite the Australian economy responding positively to the COVID-19 pandemic and experiencing a V-shaped recovery, the report suggests that there is an urgency to rebuild economic competitiveness through increasing digitisation and reducing tax burdens.
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Infrastructure project delays risk derailing economic growth
“The drought, the bushfires, the extreme weather events have really highlighted the importance of taking those shocks and stresses into our decision making right at the planning phase,” Ms Madew said.
Read moreRural communities bedrock of recovery
The resilience of regional and rural communities is the hallmark of the Australian spirit and the bedrock on which our economic recovery is being built. More than 9.5 million Australians call regional Australia home. And when we look at what has helped drive our bounce back it is the resources sector, the agricultural sector and tourism in regional and rural Australia.
Read moreRegions drive broader economy
“If we don’t get it right we’re not going to go anywhere, because regional Australia is actually the engine that drives the broader economy,” he said.
Read moreRed tape ‘costing workers $2k a year, curbing growth’
People in NSW could pocket an extra $2000 a year and enjoy a better quality of life if the Berejiklian government agrees to remove a raft of regulatory roadblocks that are hampering growth in key sectors such as education, infrastructure and housing, a report has found.
Read moreIn pride of place as a key strategic ally
It was revealed recently that when Washington first discussed the marine rotation in northern Australia, it proposed an annual rotation of 5000 marines; in effect, a Marine Amphibious Task Group. Instead, Australia began with extreme caution at a couple of hundred marines, building up slowly to 2000 a year.
Yet such US deployments make a huge, positive contribution to our own security.
Pilbara iron ore powering Australia’s economy
Iron ore is Australia’s single largest commodity export and is forecast to earn Australia around A$700 billion over the six years to 2025-26. Iron ore supports 45,600 direct Australian jobs and is a major employer of Indigenous Australians.
Read moreNew figures show mining sector powering the economy
“These changes will transform the NAIF to make it a more proactive investor in projects that will generate economic activity and job creation,”
Read moreSantos deal with Eni Group a boost for Darwin plans
Santos has already devised a giant ‘‘carbon sink’’ scheme where it can offer energy operators the ability to strip out and bury carbon from their gas supplies at its Moomba hub in South Australia as the industry seeks to accelerate efforts to lower pollution from their fossil fuel operations.
Read moreMore affordable access to insurance for northern Australians
“More affordable insurance means peace-of-mind for hundreds of thousands of Australians across Northern Australia, knowing that their economic livelihoods are protected,” the Treasurer said.
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