Colin Brinsden, AAP Economics and Business Correspondent
(Australian Associated Press)
A major business group is calling for Australia to undertake an ambitious reform agenda in the face of significant headwinds coming out of the pandemic.
The Australian Chamber of Commerce and Industry released a new strategy paper – Better Australia – securing the foundations for a stronger and smarter future – at a conference on Tuesday.
“The challenges that confront Australia will necessitate a renewed generation of economic reform that will look very different from the prescriptions of the past,” ACCI chief executive Andrew McKellar said.
“‘Better Australia’ is ACCI’s contribution to drive public debate, to propose an ambitious vision for this nation’s future, and to outline the specific proposals needed to get us there.”
He said long-delayed tax reform must be addressed and a plan to decarbonise the economy must be implemented.
ACCI also calls for flexible and fair workplaces with secure jobs while boosting productivity towards “the next industrial revolution”.
“The realisation of these ambitions, or the failure to act, will not only determine the strength of our recovery from the pandemic, but will have immense consequences for generations to come,” Mr McKellar said.
“The choice is clear. We can continue to do things the way we always have, at the risk of lowering our standard of living and future prosperity, or we can adopt an ambitious reform agenda, underpinning a stronger and smarter Australia.”