Member Login
Economics
The Economy
The Australian Chamber advocates for a strong, dynamic and globally competitive national economy. We must focus particularly on lowering and simplifying taxes, eliminating red-tape, improving delivery of key services and enhancing our national productivity.
Policy principles:
Strong economic growth and rising living standards
Low taxes and restrained public sector spending
Internationally competitive and productive economy
Streamlined federal and state regulation
Full employment and improved workforce participation
Low and stable inflation
Tax
Australia’s taxation system needs to encourage investment, strengthen workforce participation and support entrepreneurship. It is important that both state and federal governments view Australia as a single national tax base and avoid duplication, complexity and over-taxation.
Policy Principles:
Encourage economic growth, raise living standards and grow job opportunities
Facilitate Australia’s competitiveness as a destination for investment and production by reducing the costs of doing business
Reduce the compliance and administrative burden on businesses
Improve and maintain incentives for entrepreneurship and innovation
Maintain equity
Infrastructure
Building newer, better and more cost-effective infrastructure that meets business and community needs should be a top national priority. We must focus on improving access to infrastructure for all Australian businesses.
This includes ensuring there is adequate financing for infrastructure projects and promoting greater private sector involvement in the planning, funding, construction and operation of infrastructure assets.
Policy Principles
Improve national productivity
Base decisions on rigorous cost-benefit analysis
Encourage private sector investment to help meet current and future infrastructure needs
Achieve greater coordination in infrastructure regulation and planning
More equitable and sustainable allocation of risk
Industry
We must ensure that Australia has dynamic and competitive industries, with a whole-of-government industry policy approach that facilitates development and innovation.
Policy Principles:
Open, productive and competitive markets
Market-based operations and pricing for government business enterprises
Easy to follow legal and regulatory compliance requirements
Research and development policy settings that promote innovation and commercialisation